76% of dark market using Bitcoin

[lepbagong]

I think if the government act on this problem, they can lessen that 76%. They don't have to focus on the modes of payment of the illegal things but instead, they must intercept the people and the products outside the dark web. I'm pretty sure they can't use internet if they are behind the bars.

Of course there are difficulties from the government to be able to control overall if the government itself does not facilitate and can accept bitcoin. then there will be more people who want to go beyond the rules made. there must be a role for the government so as not to multiply.

[Bapzi]

BTC most popular in dark web . If anyone want to buy something u most be pay in BTC

[pawanjain]

I know I've actually seen some guys on YouTube buying parcels from the Dark Web using Cryptocurrency such as Bitcoin, no telling if it's actually real but still tells me that BTC is very popular on those sites.

Even though BTC is used on those sites it still is very popular as well as valuable. I don't think the fact that people use it for illegal activities makes it less valuable does it?

Multiposting is not encouraged on this forum. You could have simply posted both of your posts in a single post.

[pakhitheboss]

Bitcoin is popular because even the dark market knows that it will have the highest fiat value than any other crypto in the near future. That gives me another reason to HODL my Bitcoin.

Interestingly Privacy coin only involves 4% of the total transaction. I guess they also do not believe in any other currency than Bitcoin.

[ttcsalam]

CipherTrace just published their Q2 Cryptocurrency AML Report and found it interesting that Bitcoin still reigns king in dark markets and cybercrime. Most people associate privacy coins even just 4% involve Monero.

Even in the case of malware and ransomware, ETH used in only 1% of instances and BTC used in 98% of cases.


https://ciphertrace.com/q2-2019-cryptocurrency-anti-money-laundering-report/

One thing can have both good and bad aspects. But it does not make an impact. Smugglers may be using technology. But the government of a country can control them if they want.

[jostorres]

Unfortunately, Bitcoin has become indispensable for the black business. Using Bitcoin, criminals protect themselves but, I think that in any case, the Dark Web will live whether Bitcoin exists or not, so you need to take it for granted

That is right bro, Dark web has been in existence far before bitcoin was created and it’s been a thriving business for the criminal, so for the fact that they use bitcoin for illegal activities does not mean that is the only source of their money. Even if they stop bitcoin today, that would not stop it, so rather than the securities giving excuses not to apprehend their culprits, they need to work more.

After all the man that developed bitcoin system is not a special being, he is also human being like us, and nobody can tell me that he is the only human genius that we have, if he has created bitcoin system, they should also create a system that will block the activities of these dark web criminals, I believe it is something that a guru can come up with to always trace them.

[dannyDelRao]

Unfortunately, Bitcoin has become indispensable for the black business. Using Bitcoin, criminals protect themselves but, I think that in any case, the Dark Web will live whether Bitcoin exists or not, so you need to take it for granted

That is right bro, Dark web has been in existence far before bitcoin was created and it’s been a thriving business for the criminal, so for the fact that they use bitcoin for illegal activities does not mean that is the only source of their money. Even if they stop bitcoin today, that would not stop it, so rather than the securities giving excuses not to apprehend their culprits, they need to work more.

After all the man that developed bitcoin system is not a special being, he is also human being like us, and nobody can tell me that he is the only human genius that we have, if he has created bitcoin system, they should also create a system that will block the activities of these dark web criminals, I believe it is something that a guru can come up with to always trace them.

I think that Bitcoin is so linked to darknet now that a Bitcoin with zero value will not come till another protected and anonymous currency appears. Bitcoin will be big for sure, illegal activities are also present in FIAT but everyone live with FIAT so the percent of illegal use is less.