Bitcoin, Dark Web, Drugs and Government.

[jake zyrus]

I think it's inevitable... Those drug syndicates will always find a way to keep the business running without getting caught. And I think it's also one of the negative side of crypto. They're using it for illegal purposes and giving it a bad reputation. I just hope, it won't affect the use of bitcoin and other crypto in the Philippines.

[rdbase]

The funny thing is any currency can be used to buy these things which are seen as illegal in some places while in others they are not.
So it all comes down to crossing the line of ethics in which these devices of going against ones countries own law is in view of whether it is right or wrong in the authorities eyes of those governing countries. Thats all really.
You cant just ban bitcoin and other cryptocurrencies and expect these problems to magically just go away.
That is just plain absurd.

[xenxen]

thats why some country ban this cryptocurrency because of there illigal activity. they use bitcoin to hide there idintity and untraceable transaction...

[nec512]

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

That is the main threat bitcoin facing today.Using bitcoin by criminals for their criminal activities.They using this un-detectable advantage of bitcoin wisely,They doing their job and putting all bitcoin network in danger.Then the government officials come and try to ban bitcoin.End of story.

[Betwrong]

The funny thing is any currency can be used to buy these things which are seen as illegal in some places while in others they are not.
So it all comes down to crossing the line of ethics in which these devices of going against ones countries own law is in view of whether it is right or wrong in the authorities eyes of those governing countries. Thats all really.
You cant just ban bitcoin and other cryptocurrencies and expect these problems to magically just go away.
That is just plain absurd.

That's right, criminals will always find a way to do illegal businesses, with or without Bitcoin. Also, if some crypto should be banned in this regard, it's not BTC. Criminals realized long ago that they can be tracked because of using Bitcoin, and started using Monero (XMR) for thier transcations. Other so called "privacy-oriented" cryptocurrencies include Dash (DASH), ZCash (ZEC), Verge (XVG) and Bitcoin Private (BTCP). The developers claim keeping their network users' identities and their activities completely hidden from prying eyes of everyone, including police. If they are so inclined to ban crypto, governments should ban those in the first place and leave Bitcoin alone.

[denasha92]

thats why some country ban this cryptocurrency because of there illigal activity. they use bitcoin to hide there idintity and untraceable transaction...

this is one of the weakness of bitcoin to be utilized by persons who are not responsible that cause concern from the government will be expanding the crime rate is, in fact bitcoin is just the object, depending on the subject who use them are to be used positive activities or negative activities like crime

[btc78]

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

It’s just happen that PDEA has found something that they can throw a word against cryptocurrency or in Bitcoin specifically,but we all know that this is happening around the world and even without bitcoin around this bad elements will find ways how to deal their illegal activities so the thing here is nothing in the world can stop them unless they will put under 7 feet.because even the bars can not prevent them from doing thisc activities so what would the crypto community can do against them?

[msarro]

Drug dealing and other bad stuff are there for centuries. Even with fiat currency, it's very hard to detect them because of there ties with government officials. Bitcoin price is volatile yesterday it was 7100 and now it's 6800. I don't think its a good idea to trade drugs for such volatile currency.

[sarnic]

Drug dealing and other bad stuff are there for centuries. Even with fiat currency, it's very hard to detect them because of there ties with government officials. Bitcoin price is volatile yesterday it was 7100 and now it's 6800. I don't think its a good idea to trade drugs for such volatile currency.

That's true, crimes are for centuries. Government can do almost nothing with that. Nowadays, when technology (including cryptocurrencies) developed so fast, crimes has grown. New laws and 5AMLD aren't able to stop it completely, just prevent it in some way. I think it's quite useful and might be helpful in some cases.

[DreamStage]

That has been like that for years and now they worry about crypto being involved...

It is a reality they should take measures sooner than later / never of course as other countries are doing so far.
Considering Philippines is one of the most popular and used countries for such illegal stuff i am sure it will be hard for them to fix their issues.

I just hope that can manage to regulate something up so it becomes a green sign.

[electronicash]

That has been like that for years and now they worry about crypto being involved...

It is a reality they should take measures sooner than later / never of course as other countries are doing so far.
Considering Philippines is one of the most popular and used countries for such illegal stuff i am sure it will be hard for them to fix their issues.

I just hope that can manage to regulate something up so it becomes a green sign.

the country has more issues than drugs and this war on drugs of Duterte administration which had been politicize for years already. the people behind destroying Duterte are also the ones who own the drug business, methlabs, TV stations, news stations and water concessionaires, they hate the president for they can't bribe the old man.

TRUMP and DUTERTE share the same issues. the news outside our country are very much blown for propaganda for character assassination of President Duterte.  the news outside US was that Trump is the worse but in realityTrump gets a lot of support from US.

[dimox]

actually, every country have bad news, but not all revealed or publish. and bitcoin is just one of the other way that used by them because it have advantage, and there are many ways to make transaction and government still dont know about. crime will always be found everywhere, and people will always success break the system.

[Sahyadri]

Bitcoin has been majorly associated with dark web by the government. No doubt bitcoin got recognition from the dark web only and the main utility of bitcoin as a currency was there only. But if you compare the trades carried out with bitcoin to that if cash, cash will win by huge margin.

Bitcoin has the specifications which make it really easy to be used in dark web transaction. But banning bitcoin won't solve the problem of dark web's illegal activities. Bitcoin is just a payment mechanism. People will find some other to fund their illegal activities. There isn't much what government can achieve by banning bitcoin when it comes to dark web.

[White Christmas]

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

As what you have been said, that was true that sone of the drug lords are using bitcoin and dark web nor deep web in order to make a anonymous transaction so that the government will not be able to see the transactions that was doing by the drug syndicates. It is merely a fact that in Philippines was who are very slow in adapting the new technology will be able to start a investigations on what are really happening inside the internet and how would the drugs are depositing in each country to the use of internet. Those drug syndicates are taking the opportunity to transact drugs in those countries that are very weak when it comes to the security in the internet, and many news that not only drugs are selling through the use of bitcoins.

[Pinkris128]

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

As what you have been said, that was true that sone of the drug lords are using bitcoin and dark web nor deep web in order to make a anonymous transaction so that the government will not be able to see the transactions that was doing by the drug syndicates. It is merely a fact that in Philippines was who are very slow in adapting the new technology will be able to start a investigations on what are really happening inside the internet and how would the drugs are depositing in each country to the use of internet. Those drug syndicates are taking the opportunity to transact drugs in those countries that are very weak when it comes to the security in the internet, and many news that not only drugs are selling through the use of bitcoins.

Indeed. Bitcoin was used before for selling and buying drugs, weaponry, and other illegal activities in the dark web, that is why the government was not infavor with bitcoin before because it is also very difficult for them to track criminals when they are making transactions. I think bitcoin is still been used in illegal activities in the dark web because as long no person was not arrested because of it, they will still continue.

[Linkkoin]

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

As what you have been said, that was true that sone of the drug lords are using bitcoin and dark web nor deep web in order to make a anonymous transaction so that the government will not be able to see the transactions that was doing by the drug syndicates. It is merely a fact that in Philippines was who are very slow in adapting the new technology will be able to start a investigations on what are really happening inside the internet and how would the drugs are depositing in each country to the use of internet. Those drug syndicates are taking the opportunity to transact drugs in those countries that are very weak when it comes to the security in the internet, and many news that not only drugs are selling through the use of bitcoins.

Indeed. Bitcoin was used before for selling and buying drugs, weaponry, and other illegal activities in the dark web, that is why the government was not infavor with bitcoin before because it is also very difficult for them to track criminals when they are making transactions. I think bitcoin is still been used in illegal activities in the dark web because as long no person was not arrested because of it, they will still continue.

Less and less to be honest, as Bitcoin is traceable, it is getting eliminated from darkweb slowly.

[FaithInCrypto]

This is the negative side of using Bitcoin since it is decentralized and untraceable. These evil activities don't only exist in the Philippines but other countries as well, one reason why the government doesn't approve of using Bitcoin or not in favor of cryptocurrencies since they can't track the transaction of the member involved. Too bad because it could be one of the reasons why other country's governments choose to ban the use of Bitcoin as it'll be used for bad transactions.

[bitcoinsocial09]

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

It was surely a good option to use since bitcoin technology was already unique and revolutionary to a lot of users , they could easily make a transaction without being tract by a government since the bitcoin have its anonymous transactions in the blockchain surely they could easily use it but it is more like of a test since the people from Philippines was not all expose to a advance technology like bitcoin.

[Mpamaegbu]

Let the government and the rest of the haters continue to take a swipe at Bitcoin in their bid to discredit and drag it down. They've tried enough damage yet Bitcoin isn't dead. It's a big shame on them because 2020 will see another halving of Bitcoin that will further strengthen the price. Bitcoin has come to stay whether it's labelled a courier for drugs and illicit activities or not (as if fiat isn't used for such too), the community will continue to seek it.

[hotmom]

Even if fiat were used instead of crypto, it wouldn't change anything. Dark web would find ways to obtain funds.