Bitcoin, Dark Web, Drugs and Government.

[Priceless Gems]

This has been one of the largest concern when we talk about bitcoin, unfortunately the news is right most of the people in dark web used bitcoin to do transaction, I think the government need to do something to prevent this, bitcoin is only tools the one that is wrong is the users and btc is not totally anonymous

If the "government needs to do something" what do you think they can do which will not harm people? Do you actually think Big Government will help and how?

[serjent05]

hope so. its not the president i'm worried he'd decide differently, he is very much open to new ideas and new approach to things. this is the best president we could ever have. i like this one the most. its those around him that has the bad intention like the media, the previous administration who rules the country for more than30 years but had done nothing but to stay in power.

Media had been biased for over a decade, they always favor who is in power, or who they are in favored with.  But I see the president bombarding this biased media stations.  So, I think he will not be influenced by these kind of people.

and what about drug business that's running on fiat currency for centuries? Every invention has both good and bad usage. We can't say CC is bad since its used by drug dealers. There are many positive aspects of CC which we must take into account

Government can't ban their self made currency.  It will be a slap on their face if they do.  And  i believe physical cash is the more anonymous if traded in p2p so the government will have a problem tracing drug dealers using this kind of medium of exchange.  That is why, whenever they have an entrapment mission, they always use a marked money to catch the perpetrator.

If the "government needs to do something" what do you think they can do which will not harm people? Do you actually think Big Government will help and how?

I think all they can do is to regulate cryptocurrency which is what they are doing right now.  "Big government" or let us say Developed countries always share intels amongs their ally.  That way, they can help countries that lacks technology in tracing things.

[Sonik33]

Bitcoin is indeed a good technology that makes it very easy to conduct financial transactions. Naturally bitcoin is used for positive transactions. If bitcoin is used for negative transactions, it will reduce the self-esteem and popularity of bitcoin. I am afraid that public trust in bitcoin will be eroded again. As technology connoisseurs, we should be wiser in utilizing existing technology for positive activities. Don't let us participate in damaging the morale of the nation with drugs.

[Mugtaiya]

i hope this will not trigger the president to make some regulations like banning btc. i'm from philippines, i'm not sure if those people in the media even understood how crypto works and if they make this more of an issue against the president's drug war, it could trigger the things we filipino btc users fear most. the media in the philippines is the most ignorant of all in the entire world. you can never trust them as they are involve in corruption.

I do not think the president will ban Bitcoins in the Philippines because of this issue on Drugs or being used in Darkweb.  There are several signs that Philippines are getting more accomodating to blockchain technology and Bitcoin is one of them.  The Philippines had prepared a regulatory guidelines about blockchain technology and ICO's to take advantage of this trend.  They even approved more than 10 crypto exchanges in the country so I think the president won't waste this opportunity for the Philippines.

Though, these drug traders on the dark web should have used anonymous coins in order for them not to be tracked by the authority.  Bitcoin is fully traceable.  I bet those who used them will be pinpointed and be put to jail soon.

If someone wanted he could gather data from darkweb, he could identify the btc addresses which are tied to dark web, identify addresses of mixer and exchanges and even those who are selling btc for FIAT. Now agencies can track the transaction to the person or organization like exchnage where it was exchanges and if the amount was big then it will be possible to identify the person who did business with exchanger.

Well said, I also believe that BTC that passes mixing service will be traced to.

hope so. its not the president i'm worried he'd decide differently, he is very much open to new ideas and new approach to things. this is the best president we could ever have. i like this one the most. its those around him that has the bad intention like the media, the previous administration who rules the country for more than30 years but had done nothing but to stay in power.

I completely agree with you there. Just look at what he did last month with sending  all these barges of garbage labelled as recyclables back to canada where they originated from. Or if they did not take it back he will declare war on their country. So of course the peaceful nation in which they are accepted taking back the garbage to their country and will be disposing of it the proper way and not sending it off to another country to deal with.
So he is being quite brash in his methods but they are effective.

[Kriptonian1661]

Without bad there can be no good right? Every currency has this unfortunately, some more than others but we are all to blame the same.... kind of

[antisocial77]

Yes man im missing the old world before bitcoin.there was no crime, everyone was happy, respectfully.i dont want to live here anymore with evil bitcoin.

[tungaqhd]

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

Many people love Bitcoin because of its anonymous transactions feature, either to the criminal. They love using bitcoin mixer system to hide the resource of Bitcoin.

[blackhawkeye1912]

Money laundering through bitcoin by syndicate groups is a real problem for some countries. This is a very serious problem that need to be resolved by governments as soon as possible. Some countries such as India already planning to ban bitcoin with the same reason.

[salty]

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

This was to be expected as everyone knows about the existence of anonymous cryptocurrencies.It is the dark world that pushes many people away to use cryptocurrencies.It's really a problem.Let's see how will behave the FATF.Yet they must take some appropriate steps.

[malekbaba]

Btc would be popular if we could stop using btc for illegal anonymous transaction. Now most of the people think that btc is the easy way to hide identity and to deal with illegal items like ammo, drugs and porn. Older citizens think that btc was created for illegal purpose only. But honestly, btc is more usuable than that. Underlying block chain tech is a revolution. But our greed and dishonesty will make btv suffer. It is our fault

[Daniel91]

Btc would be popular if we could stop using btc for illegal anonymous transaction. Now most of the people think that btc is the easy way to hide identity and to deal with illegal items like ammo, drugs and porn. Older citizens think that btc was created for illegal purpose only. But honestly, btc is more usuable than that. Underlying block chain tech is a revolution. But our greed and dishonesty will make btv suffer. It is our fault

You are right but you can't control others, their decisions and thinking.
People will always use any chance to cheat others and it's nothing we can do it about it.
We should promote bitcoin to others and also explain about it very well.
People are always doubtful about new technologies but they will eventually accept it, when they understand it, I have no doubt about it.

[Vinalians]

Many of the member here are right about what is really happening into it. Those drug users and drug pushers are just using bitcoin as their tool for the transactions. Bitcoin is not the real thing there but it involves.
There's always consequences in anonymity this is the example of it. The government is fixing this and making a solution into it for sure. We as a bitcoin user we don't really have the power to do something big about it but the only thing we can do is to make them understand what really bitcoin is.

[Ridwan Fauzi]

Bitcoin is indeed a good technology that makes it very easy to conduct financial transactions. Naturally bitcoin is used for positive transactions. If bitcoin is used for negative transactions, it will reduce the self-esteem and popularity of bitcoin. I am afraid that public trust in bitcoin will be eroded again. As technology connoisseurs, we should be wiser in utilizing existing technology for positive activities. Don't let us participate in damaging the morale of the nation with drugs.

The people especially for those who consider that bitcoin is often to be use as a dark activity should be understood that all currency can be use as illegal activity not bitcoin only. Don't only see bitcoin is new currency so as they are free to give a negative feedback to the function of bitcoin even if compare with the using of money fiat bitcoin is a safe way to be use as payment system because we can track all our transaction transparently which mean the government can see activity of their citizen who use bitcoin. This is like an attack in order to new people who will buy bitcoin will not gonna happen, many people don't like bitcoin and we should not give more replies to them, assuming this is just a trial.

[raidarksword]

This is truly saddened about bitcoin being used on these kind of unethical ways by group of criminals and this is not new to us all even before bitcoin was used on several illegal acts. Bitcoin has greater purpose and uses and could make our lives even better, in a good way. We just have to accept that we cannot control anyone to use it for good or bad, it's just the negative and dark side of bitcoin, that is. But overall bitcoin is a great innovation and everyone adopters should be proud of.

[Kriptonian1661]

I have a remedy to change peoples minds about Bitcoin and Crypto Currency in general

[Julunguul]

In my opinion Dark Web and Drugs have become a normal use if you talk about this with Bitcoin. What becomes more complicated is the government now, Affairs with real people only know a small part of the Blockchain Technology. And also additionally with the politics can make blockchain and cryptospace become sick.

[jademaxsuy]

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

How can you really be so sure OP? If this is really happening then it will be difficult for the authority to track drugs transaction related crimes. But, I think that government are already conducted a study making the possible solution for this problem. Probably it will be the reason why blockchain and other altcoins are being  abused by the clients.

[FlightyPouch]

Yes man im missing the old world before bitcoin.there was no crime, everyone was happy, respectfully.i dont want to live here anymore with evil bitcoin.

No crime? Are you serious? A lot of people or let's say criminals are taking advantage of the decentralized crypto currency in the past. In fact there are a lot of people that became popular since they are caught in the deep web using btc to sell and buy things there. If you don't want the btc you are seeing right now, you can just leave your btcs.

[Orochimaru841]

Not only in the Philippines the Human Being and trickster guy, There are many more transactions than we think.

[Alijiindahaus]

there will always be that person who even very bright and clean projects that should benefit humanity will be used with malicious intent.  the whole history of mankind is built in such a way that someone will do well, and someone will deceive.  It is through the prism that you can look at Bitcoin, because someone uses it for good purposes, And someone in criminal activity ..