Bitcoin linked to drugs

[dalcebolus]

I believe it is necessary to fight with roots of the problem, not with consequences. The roots are drugs dealers existence. Not the bitcoin existence.

The roots are people wanting to do drugs.

i get that USD is used for drug transactions.. but the thing is that BTC allows for criminals to have more options of storing their cash.. options that would otherwise not exist. i'm not for regulation of btc btw, but it's the truth.

Crooks will always find a way. It is a losing battle. Don't fight losing battles.


Beetcoins... omm nomm... should try to carve a casascius hommage beetcoin edition

[beetcoin]

I believe it is necessary to fight with roots of the problem, not with consequences. The roots are drugs dealers existence. Not the bitcoin existence.

The roots are people wanting to do drugs.

i get that USD is used for drug transactions.. but the thing is that BTC allows for criminals to have more options of storing their cash.. options that would otherwise not exist. i'm not for regulation of btc btw, but it's the truth.

Crooks will always find a way. It is a losing battle. Don't fight losing battles.

the fact still stands though: it makes being a crook easier. i'm not for regulating BTC, but the media uses this angle all the time.

[cdog]

Now here is the funny part :

When these drug dealers get this dirty cash they can't put it in the bank because its dirty money and the government will be very suspicious so these drug dealers get all there drug money and go and buy bitcoins then the next week they sell those bitcoins and can show the government those recipes.

Look Uncle Sam, here is the recipe for Bitcoin Pie! Please dont indict me on money laundering!

[cdog]

I believe it is necessary to fight with roots of the problem, not with consequences. The roots are drugs dealers existence. Not the bitcoin existence.

The roots are people wanting to do drugs.

i get that USD is used for drug transactions.. but the thing is that BTC allows for criminals to have more options of storing their cash.. options that would otherwise not exist. i'm not for regulation of btc btw, but it's the truth.

Crooks will always find a way. It is a losing battle. Don't fight losing battles.

the fact still stands though: it makes being a crook easier. i'm not for regulating BTC, but the media uses this angle all the time.

How is it different than cash which I can just store in a safety deposit box?

[Carlton Banks]

I can't believe no one is getting my POINT!

FIAT CURRENCY IS ALREADY IN USE!
bitcoin is not solid and not a government used currency and I can guarantee I would have over 250 friends and family into bitcoin if it were not for drugs and hackers using bitcoin


If you think drugs are not a factor in bitcoin then I truly feel bad for not just you but everyone around you

If you don't like using things that are associated with drugs, don't use money. Or the postal service. Or the pavement. Stop driving. Don't look, or open your eyes, drug dealers use light to see with, they navigate their way to victims that way. They're crafty like that. Stop breathing, drugs need oxygen to get burnt in. Filthy unclean oxygen.  

[beetcoin]

I believe it is necessary to fight with roots of the problem, not with consequences. The roots are drugs dealers existence. Not the bitcoin existence.

The roots are people wanting to do drugs.

i get that USD is used for drug transactions.. but the thing is that BTC allows for criminals to have more options of storing their cash.. options that would otherwise not exist. i'm not for regulation of btc btw, but it's the truth.

Crooks will always find a way. It is a losing battle. Don't fight losing battles.

the fact still stands though: it makes being a crook easier. i'm not for regulating BTC, but the media uses this angle all the time.

How is it different than cash which I can just store in a safety deposit box?

are you basically asking me how bitcoin is different from cash? a litany of reasons.. as i'm sure you already know.

[dalcebolus]

the fact still stands though: it makes being a crook easier. i'm not for regulating BTC, but the media uses this angle all the time.

Well, knives make the job of murderers easier.

Pleasing media: another losing battle.

BTW, nothing stops crooks from making their own Croocoin. It's even catchy! What I mean though is this: the pandora box has been opened.

[franky1]

Now here is the funny part :

When these drug dealers get this dirty cash they can't put it in the bank because its dirty money and the government will be very suspicious so these drug dealers get all there drug money and go and buy bitcoins then the next week they sell those bitcoins and can show the government those recipes.

its more then likely these sketchy people are buying BTC so that they can 'restock' their product. its nothing about cashing out to FIAT later for the tax man. most sketchy people are on government social security payments so they dont want to show government that they are making money 'on the side'.

as for

This needs to stop
I have tried to get friends and family into bitcoin put apparently ( Its the drug currency )

i whole heartedly agree we need a clear division between bitcoin and drugs, much the same as the euro is not automatically linked to the Amsterdam red light district.

the way this would happen is to highlight the thousands of legit businesses to media. and not even mention the illicit businesses. we all know that dollars, euros, and bitcoin are all at a small fraction used for funding drugs. but ensuring that media know that in the last 4 years Billions of FIAT have been seized in relation to drugs, when only thousands of BTC have been seized related to drugs. which really needs to be emphasised.

EG btc is the dime bag of drugs, dollar is the kilo bag of drugs. there is no denying that there are online black markets using btc, much like there's no denying there's certain street corners and red light districts for fiat.. but out of the scale of things the bitcoin black-market is less then 1% of all btc businesses.

so mention foodler (12k fast food restaurants) everytime someone brings up silkroad
so mention bitcoinstore (thousands of electronic products) everytime someone brings up silkroad

[beetcoin]

the fact still stands though: it makes being a crook easier. i'm not for regulating BTC, but the media uses this angle all the time.

Well, knives make the job of murderers easier.

Pleasing media: another losing battle.

BTW, nothing stops crooks from making their own Croocoin. It's even catchy! What I mean though is this: the pandora box has been opened.

yeah, though BTC does make being a crook easier.. it's not like crooks are going to say "nah we'll live a clean lifestyle because protecting our cash is too hard." but if a crook gets caught, it'll be much harder to track down his BTC vs. stockpiles of cash.

in the end, i think our crooks in washington/wall street are a bigger issue than low level thugs.

[qwerty555]

Once again the BLACK PROPAGANDA raises its head.



   
Re: 2013-11-15 Wired: Feds Reveal What They Really Think About Bitcoin
November 16, 2013, 08:00:35 AM
   

Look in your own backyard FIRST!!!

The toughest comments came from the Department of Homeland Security. “The anonymity of cyberspace affords a unique opportunity for criminal organizations to launder huge sums of money undetected,” wrote DHS Acting Assistant Secretary for Legislative Affairs Brian de Vallance. “With the advent of virtual currencies and the ease with which financial transactions can be exploited by criminal organizations, DHS has recognized the need for an aggressive posture toward this evolving trend.

The anonymity of CASH/ DOLLARS used in illegal activities is probably 100 to 1000 or even 10,000 or 1MILLION times the value of any virtual used for the same purpose. Maybe they should focus on the BIG problem .

I do not see any action to remove CASH.


i have also been able (sometimes required) to use large amounts of cash. There are quite a few things that (OSTENSIBLY) you cannot do with large cash amounts , the buying a car example is probably bad as you can buy with cash. However the TRUTH in the real world is that there is usually a WAY to do it and MANY do. These examples give  a real life view which is not talked about in polite conversation

http://www.zerohedge.com/news/2013-09-10/money-laundering-exposed-key-component-housing-bubbles-all-cash-bid

http://www.zerohedge.com/news/2013-10-30/top-10-facts-about-us-illegal-drug-market

Recent surveys and research studies by sources from the UN to streetRx.com put the size of the illegal drug market in the U.S. at anywhere from $200 to $750 billion.   99.% of drug transactions are with cash (maybe even 99.99999999999%)

http://www.zerohedge.com/news/2013-04-04/six-steps-stash-your-cash-offshore

Virtual currency used in illegal transactions is talking about a pimple on the @rse of a Monster!!

[AuroraHF]

So what if it's used for drugs? All forms of currencies are, why not just burn all the fiat money with have because it's all linked to drugs?

[djalexr]

It's not that bitcoins should become less drug-related. It's people who should learn to be less stupid and see things in perspective.

+1 educate your freinds if they can't yet see beyond "bitcoin is drugs is bad mmkay" argument

[JTrain_51]

I know there isn't really anything we can do to help BTC with drug dealers but still think its a little problem and just wanted to create this thread to share my thoughts and my story

[beetcoin]

It's not that bitcoins should become less drug-related. It's people who should learn to be less stupid and see things in perspective.

+1 educate your freinds if they can't yet see beyond "bitcoin is drugs is bad mmkay" argument

people get comfortable with looking at things from the same contrived angle, and there isn't really much you can say to sway them.. so all you can do is just say "alright, i'll just move on."

besides, some of the super bullish BTC people can say just as much crazy things as the BTC bears.

[JTrain_51]

Well guys my overall some of this thread is

Drugs aren't a good thing for btc but there is nothing we can do about it

[dominicwin]

Well guys my overall some of this thread is

Drugs aren't a good thing for btc but there is nothing we can do about it

I think maybe the government should focus more on the actual drug dealers and traffickers like they always have and the individuals that may launder their money aka silk road. Attacking BTC is not the answer though.

[niothor]

Knife linked to Murders
Internet linked to Child porn
Cars linked to Accident
USD linked to All above ...
Dont play this kind of political game plz , Bitcoin is neutral

Lets say that there are 200 000 000 millions users of knives in the USA , in 2010 there were 1,704 deaths by Knives or cutting instruments.
Assuming there are 50 000 transactions daily recorded by the blockchain , that would lead to around 20mil/year.
So , you're assuming there are only 170 transactions related to drugs?
It's all about %.

Also , each year 10/100 000  people die in car accidents. (I am surprised the numbers are going down , while car usage is growing)
Now , are there only 10 people in 100 000 bitcoin users buying drugs?
It's all about %.

About child porn , i don't even want to research that , i find it disgusting.

So , Bitcoin is considered by the average human linked to drugs.
When it finally gets adopted by % and people start using it daily , they will not think about it like that.
But until that , it's about %.

[JTrain_51]

Well guys my overall some of this thread is

Drugs aren't a good thing for btc but there is nothing we can do about it

I think maybe the government should focus more on the actual drug dealers and traffickers like they always have and the individuals that may launder their money aka silk road. Attacking BTC is not the answer though.

totally agree
I don't know if we should worry about fixing it but we should still be a little concerned!

[drawingthesun]

This needs to stop

Its funny that it was originally drugs through Silk Road that first gave Bitcoin an economy to grow around. Now we don't need drugs for sure, but people like you need to stop worrying. Drugs gave Bitcoin its first value and will always be apart of the economy, as that is what Bitcoin is all about: freedom, freedom to do what you and I might not agree with.

If you don't like that truth, that Bitcoin will be used for terrorism, drugs and tax evasion, then please sell your coin now and create an alternative "clean coin".

Cheers.

[SeanArce]

what's wrong with moderate drug use?