Using Cryptocurrency for Dark Web

[vv181]

Any currency can be used for illegal purpose. But untraceable cryptocurrencies suit the best with the nature of the dark web. A people with a sane mind wouldn't be having a transaction that can be linked to their identity in the dark web. So cryptocurrencies are in favor regarding the dark web communities.

[bryant.coleman]

PS: I am not planning to use cryptocurrency for dark web, I am simply asking if it is indeed possible and its dangers.

There are hundreds of dark markets out there and almost all of them accept crypto in exchange for services or commodities. The danger is always there. The authorities can track you and then prosecute you and in some cases the drug peddlers can get your residential address and use it for extortion.

[bangkecol]

It depends on each individual, many things are not just from cryptocurrency that can be used for crime, even if it could happen. Back to each individual how to use cryptocurrency correctly.

But it is indeed not to blame because in cryptocurrency there is no data from the owner of the transaction which makes it vulnerable to manipulation for criminal acts.

[project_delta]

Last night, I saw a movie called Unfriended: Dark Web wherein one of the main characters stole a laptop, which he later found out that it is owned by a member of an anonymous group in a Dark Web. This member sent him bitcoins totaling to $10m to make him do terrible things, dragging his friends into this mess. This got me thinking, I know it is probably possible to use crypto for dark web, but if this is how it is going to be, don't you think that this will make bitcoins and other altcoins dangerous? Can a person really use cryptocurrency for Dark Web?

PS: I am not planning to use cryptocurrency for dark web, I am simply asking if it is indeed possible and its dangers.

It is and that is why all the governments are so afraid of the usage of bitcoins, ignoring the fact that bitcoin itself is a very beautiful technology. And there should be a way to regulate the criminals somehow.

[jakelyson]

Darkweb can be the worst part and it's pulls down bitcoin one side because of its usage.

So still we need be safer in white web to access the wallet or keep the fund safer in your wallet. Mostly darkweb users looking to get the payment for scams and hacks they were doing.

Since they want to be safer without accessing their location this is the best way for them.

Thats what i hate in crypto since the vulnerability of this currency to be used in illegal activities maybe this is one factor thats why we are until now being denied by many countries and with this were always having difficulties.

More issues regarding this has been tackled around but the answers are very few

When i first came here in crypto community i am amazed on what this can give to all the members ,but as time passes by theres this problem that must be solved or else we will be staying in dark position of being accepted worldwide

Any money or currency can be used and will be used in illegal activities. Do not single out bitcoin or crypto. Crypto is not being accepted in some countries because it is decentralized and governments cannot control it. Government wants control and they cannot do it with crypto.

It is natural that bitcoin is not yet accepted worldwide. It is still in its very early stage. But bitcoin has moved from mainly used in the dark web (silk road) to being used in normal purchases. That is already a great leap.

[pat4cryptoreal]

I want to ask a question, before the invention of bitcoin what were the users of dark web using as a mode of payment? It's like we want to blame Bitcoin for anything negative.

[Impulseboy]

It is possible, as it was possible to use any other FIAT. If you use Monero, for example, it is much harder to track you down. Cryptocurrencies are just a tool, how you use it is on you.

I see. So that was how those anonymous group found those group of friends in the movie, because they sent bitcoins to the thief instead of monero. Although, can a bitcoin sender track the person they are sending the bitcoins to using dark web, or is it the other way around?

[Dylan Bargeman]

Almost all of the "economy b" trading will affect the value of privacy centric coins. Bitcoin is actually quite easy to track some point of kyc and follow that to you even if you coin join and sometimes with more advanced analysis even through the changing of coins in a exchange. Anyone working in the dark web is bound to receive most of their pay in monero or zcash and likely keep it there until they can find cash buyers of crypto then just convert for cash.

[Crypto one]

Bitcoins has generally moved away from a currency that was mostly used on the dark web a few years ago to become a currency people mostly use outside the dark web.
If people want to use crypto currency anonymous they have many other crypto currency to use.

[levvv]

Last night, I saw a movie called Unfriended: Dark Web wherein one of the main characters stole a laptop, which he later found out that it is owned by a member of an anonymous group in a Dark Web. This member sent him bitcoins totaling to $10m to make him do terrible things, dragging his friends into this mess. This got me thinking, I know it is probably possible to use crypto for dark web, but if this is how it is going to be, don't you think that this will make bitcoins and other altcoins dangerous? Can a person really use cryptocurrency for Dark Web?

PS: I am not planning to use cryptocurrency for dark web, I am simply asking if it is indeed possible and its dangers.

Seems like a great movie. Well, because not many peoples using bitcoin back then, so only some peoples use it in the dark web.
But now, seems like there are many peoples in the surface that using bitcoin, they are traders and investors. So, it is not monopolized by the peoples in the dark web anymore.

[jjacob]

Last night, I saw a movie called Unfriended: Dark Web wherein one of the main characters stole a laptop, which he later found out that it is owned by a member of an anonymous group in a Dark Web. This member sent him bitcoins totaling to $10m to make him do terrible things, dragging his friends into this mess. This got me thinking, I know it is probably possible to use crypto for dark web, but if this is how it is going to be, don't you think that this will make bitcoins and other altcoins dangerous? Can a person really use cryptocurrency for Dark Web?

PS: I am not planning to use cryptocurrency for dark web, I am simply asking if it is indeed possible and its dangers.

Probably possible? Dude, have you been living under a rock? That was the primary use of Bitcoin a few years ago. Mainstream media used to give a big spin to this - Bitcoin was supposed to be the currency of the dark web and supposedly used only for buying drugs. We have come some distance from that, but dark web uses definitely constitute a significant portion of Bitcoin transactions.

[IndigoRed]

I guess this is the major downside of crypto –it’s potential use for malicious purposes. Shouldn’t this be reason enough to allow the government to have some form of regulation? We have to have laws and policies protecting users, right?

[marlonbatotoy]

Well it's obviosly used crypto in any transaction good or for bad because using crypto dont need any information and can easily processes any bad transaction like buying arms or drugs. It can help terorist buys weapons without knowing of the autority. That's why it's hard to a country to legalize crypto.

[shesheboy]

I guess this is the major downside of crypto –it’s potential use for malicious purposes. Shouldn’t this be reason enough to allow the government to have some form of regulation? We have to have laws and policies protecting users, right?

even fiat money can also be used for any illegal activities , so its not actually the fault of cryptos but it is the fault of people on why they would use an inoscent currency to do their bad doings which can oftenly lead to bad reputation of the said currency itself . its no use even if we say that cryptos are regulated because criminal can still do whatever they wanted to do with their money .

cryptos are firstly discovered before on the darkweb and deepweb and they are used as a medium to buy illegal service and stuff's from that  creepy website . now crypto is generally use all over the web without having a fear to get caught because it is actually legal .

[Indrawan77]

Well bitcoin could be used for good and bad things, and unfortunately all the dark web transaction are using crypto, the most favourite coin to use is bitcoin, bitcoin is the perfect coin to used for anonymous transactions in dark web, if you want to do transaction in dark web you need to have a knowledge to avoid being hacked, so its kind of dangerous to do transaction in darkweb, but its not dangerous to used bitcoin for transaction

[Ava Duvall]

It is possible, as it was possible to use any other FIAT. If you use Monero, for example, it is much harder to track you down. Cryptocurrencies are just a tool, how you use it is on you.

Yes, but some people use it for the wrong reasons, and thats why some, governments included have a bad take on bitcoin

[dewildance]

Darkweb can be the worst part and it's pulls down bitcoin one side because of its usage.

So still we need be safer in white web to access the wallet or keep the fund safer in your wallet. Mostly darkweb users looking to get the payment for scams and hacks they were doing.

Since they want to be safer without accessing their location this is the best way for them.

I am sure, it is not to worst thing for Bitcoin. Because dark web users can use classical money like Bitcoin at the same time. There is no limit for that.

[Impulseboy]

Probably possible? Dude, have you been living under a rock? That was the primary use of Bitcoin a few years ago. Mainstream media used to give a big spin to this - Bitcoin was supposed to be the currency of the dark web and supposedly used only for buying drugs. We have come some distance from that, but dark web uses definitely constitute a significant portion of Bitcoin transactions.

Sorry, I have only joined the crypto world a few months ago and did not know it was created initially to be the currency for the Dark Web. But knowing that now, I think I finally get why there are people who stay away from it, because they associate bitcoins with the Dark Web, which many people knows to be dangerous.

[CoinsGazer]

Bitcoin has been used by some criminals to engage in criminal activities such as money laundering and bribery. Bitcoin is the dominant currency of the dark web. In addition to Bitcoin, Litecoin is likely to become the next dominant currency of the dark web, because, from 2016, criminals began to express their dissatisfaction with Bitcoin for its congestion transactions and high transaction fees, and Litecoin can solve these two problems.

[boyptc]

Darkweb can be the worst part and it's pulls down bitcoin one side because of its usage.

So still we need be safer in white web to access the wallet or keep the fund safer in your wallet. Mostly darkweb users looking to get the payment for scams and hacks they were doing.

Since they want to be safer without accessing their location this is the best way for them.

I am sure, it is not to worst thing for Bitcoin. Because dark web users can use classical money like Bitcoin at the same time. There is no limit for that.

Yes they are using other crypto's as well that are privacy coins.

I never went to dark web but as for watching videos on youtube about it, they are really using it as main currency and if you know the history of bitcoin, being used their is part of it. But gladly, its now on the main web and being used for commercial purposes though usage there can't be stopped.