Some bad uses of bitcoin. :'(

[RTX-G53]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

[_act_]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us

Many bitcoin transactions used for illegal deals were known. How were these known? Bitcoin transaction is not anonymous but synonymous unless you use Tor with it. Fiat are mostly used for illegal deals.

It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

Fiat are used for money laundering. The money laundered are in banks or somewhere in fiat. There are many people reputable in the public but are involved in money laundering. There legit businesses are used for it to block the trace.

Most terrorists are still using fiat mostly.

Bitcoin can not be illegal in most countries because bitcoin is legal in more than 90% countries out of 100% countries. This is because they see the benefits. Some countries made it illegal because they see it as gambling not because of what you are saying. That is why you will see some countries that ban gambling that also ban bitcoin and other cryptocurrencies.

[mk4]

One of Bitcoin's uses is money, and money ultimately is a tool — and literally, any tool can be used both in a good way and in a bad way.

Being sad because bitcoin is being used for illegal activities is like being sad that cash is being used to buy drugs and being sad that knives are sometimes being used to stab people. It's totally an utter waste of your time and emotions.

[Maus0728]

That's just how it is I guess, it's not a hopeless endeavor though as there are other things that you can still do with bitcoin and as much as you're worried about it being a way to fund terrorism, the people that are investigating on this matter are putting in all of the effort that they've got on this one because they know how crucial a funding is to a terrorist organization, also, it's worth remembering that most arms dealer won't probably be caught dead doing transactions with bitcoin because they know that it's pseudonymous and there are crypto investigators that can easily track them down to take them out, basically, bitcoin is a hot currency for them so it's unlikely that they might have any use for it, I think that Monero and many other privacy tokens are much more attractive to them compared to bitcoin.

[Woodie]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us

The fact that the dark web and all these illicit activities have existed way before even Bitcoin was created shows that this isn't the making of Bitcoin...if anything the fact that Bitcoin transactions can't be erased from the ledger makes them work against users that think it's anonymous to use ,unless one uses other methods to lose their money trail...

It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries.

But for the kind of money that's involved in these illicit transactions....AML or KYC can easily get in the way of criminals and if you ask me this doesn't make it the perfect medium of exchange for people trying to operate under the radar of the law!

Fiat will always remain the king here unless when moving from one place to another then Bitcoin could be the answer here 

[Dunamisx]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous.

Why not go back to read again from what the definition of blockchain is, an open distributed ledger, so can you tell me from here what is hidden from a public and open distributed ledger, this is not the aspect where its decentralization comes in, bitcoin is being decentralized because its not under any government regulation, we should look into it more closely and make our own findings before saying anything concerning the bitcoin network or blockchain technology.

[electronicash]

it's very risky to make transactions involving illegal stuff in BTC unless they can find a way to make it safer for them. afaik more XMR are used in the darkweb than BTC.

maybe if they are in a country where Bitcoin is not regulated but most of the crooks are not fond of losing money as BTC price is not stable. they'd be killing each other when they find out the next hour that the price dips below the agreed price.

[Frankolala]

Do you blame guns for killing human beings or you blame the shooter and send him behind bars. This is why it is useless for anyone to say bitcoin is used for illicit activities. It is the people that are using bitcoin for illicit activities that should be blamed and not bitcoin,this is where the government is being biased.

Fiat, gold, natural resources are also used for illegal activities but who will say that let them be banned. In my country some people steal our crude oil in exchange of ammunition. Don't be decieve illicit activities have bein in existence before bitcoin came into existence. Any commodity that can be exchanged for goods and service will be used for illicit activities.

[goldkingcoiner]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

You know what terrorists prefer? Fiat. It is even more anonymous and far less traceable than Bitcoin.

[Stalker22]

OP, I think there are some misunderstandings about Bitcoin in your post.  You are correct that it gives some anonymity, but all the transactions end up recorded on a public ledger that anyone can see.  So people can see the quantity and movement of coins from one address to another.  Law enforcement agencies even use blockchain analysis to trace questionable transfers and pinpoint illegal stuff going on.

That sort of tracking is really tough, if not impossible, when people use physical cash

[Lida93]

But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

What are you hoping for?  After you have concluded that all manner of illegal business transactions including terrorism financial support are been undertaken through bitcoin network. This is not the first time am reading about people accusing bitcoin to be a currency that aid and abate illegalities due to its decentralized system and anonymity while they refuse to emphasize about the blockchain that is an open ledger for the public view whereas is not found with fiat transactions that corrupt banks managers starch, conceal, clean any trace. It should suffice you to know that fiat has the highest tone of money laundry cases and illegal business transactions to which bitcoin don't even come close.

A lot of countries that are against bitcoin, the reason isn't because of anything order than their inability to have a central control over the currency as they do with fiat.

[tabas]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us

OP, where have you been all of the time? that's like several years ago and with the adoption in the mainstream now, Bitcoin with its use cases has changed dramatically. And you have a way to know whom sent you as long as you're expecting it from somebody and it's impossible to just receive a BTC out of nowhere. You'll also be able to know how much is sent to you through checking it on explorers.

It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

There's no way to stop it, those that have declared a ban for Bitcoin should look at cash/fiat money of theirs and see how those terrorists are being funded as it's not trackable if they use that instead of Bitcoin. But we're already on 2024 and that thought for Bitcoin is starting to go away.

[aoluain]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

You know what terrorists prefer? Fiat. It is even more anonymous and far less traceable than Bitcoin.

OP, I think there are some misunderstandings about Bitcoin in your post.  You are correct that it gives some anonymity, but all the transactions end up recorded on a public ledger that anyone can see.  So people can see the quantity and movement of coins from one address to another.  Law enforcement agencies even use blockchain analysis to trace questionable transfers and pinpoint illegal stuff going on.

That sort of tracking is really tough, if not impossible, when people use physical cash

Exactly

Banning Bitcoin through concerns of illegal activity is nonsense because financing
illegal activity will just move back to Cash, thats if there was ever a migration from cash
to Bitcoin?

So what is the OP about? why create this topic which has been replicated numerous
times before but Bitcoin acceptance and adoption is growing...

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

Great, thanks for the massively enlightening post.

[Baofeng]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

I don't know but this is just another myth for Bitcoin, and that they are being used by criminals, perhaps you can read all about it,

https://www.chainalysis.com/blog/crypto-laundering/

It's old though in 2020, but for sure the numbers are going down because all those that you mentioned, the US government might be tracking them as we all know that they are watching bitcoin mixers and tumblers and as soon as they followed the trail and that they are being used, US are going to shut it down for good.

However, it doesn't mean that Bitcoin could be legal or gain legality, it has powers that government are afraid of.

[legendbtc]

Have you ever wondered, what did criminals use for illegal transactions before bitcoin was invented? It's fiat and why hasn't anyone tried to eliminate or accuse fiat of being used for criminal activities?

At the end of the day, bitcoin is just currency, a tool like many others, and how people use it depends on their behavior, you can't blame bitcoin or anything. Like someone attacks you with a knife, would you report the murderer to the police or would you tell the police that the knife was the culprit? With your ignorance, I will not be surprised if you invest in bitcoin and lose money, you will blame bitcoin as a scam and do not dare to admit the mistake is yours.

It's sad that to this day there are still people blaming bitcoin just because smugglers and criminals are using bitcoin.

[$weetne$$]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us

Everything has a bad use because there are always dishonest people that will want to make use of something that was invention with a good intention for their bad intentions. There are drug lords, smugglers and weapons traffickers that are using Bitcoin as their currency of exchange but this people are also using others digital currency that are centralized but they have not been caught. Since they have not being  able to catch those using centralized fiats then they do not have an excuse that Bitcoin is the reason why this illegal activities are striving. Bitcoin makes transactions anonymous but not completely not traceable therefore the government do not have to use this as an excuse to ban Bitcoin. There are more benefits of Bitcoin since the governments can monitor the address used in this crimes and catch the offenders.

[davis196]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

I have the feeling that OP is yet another newbie, who yesterday found out that Bitcoin and decentralized cryptocurrencies exist.
This topic has been discussed a million times before, but I guess that OP is too lazy to do a forum search and find older threads about it.
Bitcoin can be used in the dark web only via Bitcoin mixers. Transacting BTC thru the dark web without a trusted mixer can expose you.
I also think that Monero is more popular than BTC in the darknet. Bitcoin is nowhere close fiat money, when to comes to illegal transactions and money laundering.
OP, can you mention all the countries that have banned Bitcoin? Bitcoin is being banned mostly by underdeveloped countries that are governed by dictators. I wonder why...

[rodskee]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

How I wish i can dig those threads that have already tackled about this  abuse in using bitcoin
from criminals to terrorist and that DarkWeb thing that we have seen also in Movies and documentaries.
but if they can use bitcoin then how about altcoins and Fiat itself?

[arwin100]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

How I wish i can dig those threads that have already tackled about this  abuse in using bitcoin
from criminals to terrorist and that DarkWeb thing that we have seen also in Movies and documentaries.
but if they can use bitcoin then how about altcoins and Fiat itself?

They exaggerate things then think about that bitcoin is just used for illegal things which they relate to those illegal sites or activities.

But we can also see that fiat and whatever currencies there's still crimes happening, so maybe those people should not think about that illegal activities is not only happening on bitcoin and if they just think about that way then maybe they can't really see the bright side about the usage of bitcoin. Maybe people should locate the good side of bitcoin so that they can enjoy this coin and possibly they can earn more profit with it rather than became skeptical to acquire this coin.

[rhodelmabanal]

Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us


It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web. This is why the governments of different countries have declared Bitcoin illegal in their countries. If these actions could be stopped somehow, Bitcoin would be legal in all countries of the world. But in any case, I hope that slowly Bitcoin will be able to gain legality in all countries.

Well speaking of illegal activities i think fiat is the most common ways to pay some illegal activities and there are only less in bitcoin, not all criminal's knows about bitcoin and they know more on fiat, sometimes bitcoin is having a hard time to gain more popularity because some people used it to scammed others specially to those who still didn't know how to use or what bitcoin is, and it will cause big impact to bitcoin but this is not a hendrance for bitcoin to gain reputation in the future i believe that many users will come in the near future because people will slowly adapt to the new technology using new payments system to make life more easier than today.