Some bad uses of bitcoin. :'(

[stompix]

Also, all transactions on the dark web are done through Bitcoin.

Nope, Monero has taken the crown and Bitcoin is number two!

It is essentially a perfect medium of transaction for all the terrorists and criminals of the dark web.

No, it's not, that's why it's getting replaced with Monero!

This is why the governments of different countries have declared Bitcoin illegal in their countries.

The governments of the countries that have banned Bitcoin would have banned it darknet or no darknet, there were far more things involved in those, and it was about control, you can't comply with full control and keep Bitcoin as it is, you have to choose one, and if I were to choose between the governments of Egypt, Libya or Bangladesh supporting bitcoin and a 16 pack of beer I would probably have to think for a bit!

[famososMuertos]

...//:::

That thinking is the wrong approach, and it is that of the majority of those who only see one edge of bitcoin and fit it in there as if it were the whole, and it is not. That's not really the problem of why governments have obstacles, it's because of the technology itself and how people could empower a part of your finances/control.

[milewilda]

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.

So here we go again... talking about those criminal transactions and other correlated things to it. So let me ask you this. If Bitcoin had been used into these means then why you wont really be trying out to
reflect those words on FIAT itself? Okay lets say that before Bitcoin had been created then fiat has always been the medium with these illegal transactions. This is why whenever i do read up with
these kind of words or sentiments in towards Bitcoins anonymity aspect or into its features which people do usually focusing up into its negative aspects and not on the positive ones.

Government hating? Its not something new and its really just that an alibi that they would really be focusing too much about anonymous transactions but the real thing on why
they are hating it, just because there's no way that they could really be able to control and this is why they wouldnt really be recommending for this thing to be deal up by their citizens into their
vicinity and keeps on doing that even upto this moment.

[Distinctin]

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.

Yes, both bitcoin and fiat can be totally used as an advantage or a disadvantage, it’s up to the user itself how he will utilize his bitcoin or fiat. But nevertheless, bitcoin will always remain a bad tool as long as it’s not widely accepted by the whole universe, and fiat will remain a good one since it’s backed up by majority of the government in the world. No wonder why if bitcoin can’t be used as a currency by the majority, then let the people use it as an investment instead.

[MarjorieZimmermanGinger]

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

So what's the difference with fiat which up to now has also played a role in making itself a step to commit fraud, sell illegal products and so on. Bitcoin was not created for this purpose, but was used by irresponsible people for activities that violate existing rules. If you feel this is sad why are you interested in being on the forum because most of us are here because of the problem of liking bitcoin. Fraud in any form cannot be blamed on fiat or bitcoin itself because it is actually an activity carried out by some irresponsible people.

When we can't differentiate between right and wrong, that's where we start to make certain clamps. Unfortunately, people never learn from the past where fiat was also a tool for people to commit crimes. Stop associating bitcoin with it because what happens is not bitcoin but the individuals and groups who exploit it.

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 many countries have made the decision to make bitcoin illegal and more which ones restrict or ban it. If you want to say it as a whole then you have to look at this issue as a whole. Now many countries are starting to accept bitcoin as an investment asset and that is far from enough because legally it is impossible to carry out transactions because each country has its own currency.

[kentrolla]

I will not get to th technicality of Bitcoin, While I do agree that Bitcoin can be used for illegal activities but this has been happening before the invention of Bitcoin and still it happens largely through Fiat not through Bitcoin as Fiat don't leave any traces as it's not captured anywhere hence I don't think it's fair to stigmatize Bitcoin with illegal activities.

[Kemarit]

I will not get to th technicality of Bitcoin, While I do agree that Bitcoin can be used for illegal activities but this has been happening before the invention of Bitcoin and still it happens largely through Fiat not through Bitcoin as Fiat don't leave any traces as it's not captured anywhere hence I don't think it's fair to stigmatize Bitcoin with illegal activities.

Yeah, I think this so called bad news from Bitcoin comes very early from it's bad media publicity and then it just struck with us specially when we hit the peak at 2017 wherein some social media outlet reported that Bitcoin is very used by criminals or others to launder money.

It's more difficult for criminals to do this, they still need to be technically inclined, and if given the fact that they are, then there could still be traces in blockchain, specially that blockchain analysis has evolved throughout the years are well looking for addresses that might be used by this criminals. So doesn't make sense for them to used it, and would rather go back to the traditional way of using fiat because that's where they are good at.

[Briankimp1]

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.

Bitcoin is just a tool the usage of that tool depends on the welder, traditionally whatever criminal acts we can think of have been there way before Bitcoin even the dark web was there prior to Bitcoin.
The world is a global village filled with good and bad people even most governments indirectly make use of Bitcoin and other methods of transactions to pay their spies.

[mirakal]

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.

Yes, both bitcoin and fiat can be totally used as an advantage or a disadvantage, it’s up to the user itself how he will utilize his bitcoin or fiat. But nevertheless, bitcoin will always remain a bad tool as long as it’s not widely accepted by the whole universe, and fiat will remain a good one since it’s backed up by majority of the government in the world. No wonder why if bitcoin can’t be used as a currency by the majority, then let the people use it as an investment instead.

Not only bitcoin but fiat as well can be used as a tool to create negative effects to the people. However, it's only bitcoin that is being condemned by the government simply because it's only bitcoin that cannot be fully controlled by them knowing it will always be decentralized. Unlike fiat, even if it's obvious that a lot use it for illegal purposes, the government can't do nothing about it because they will always protect and support fiat no matter what.

[lixer]

Yeah, I think this so called bad news from Bitcoin comes very early from it's bad media publicity and then it just struck with us specially when we hit the peak at 2017 wherein some social media outlet reported that Bitcoin is very used by criminals or others to launder money.

I think they are only jealous of the BTC break out and they do their best to prevent it from sky rocketing but good thing they didn't succeed and just joined the alliance later on. The saying is really true that "if you can't beat them, join them" . They also say that we must learn to forgive and forget. Past is past and people or things can still change.

It's more difficult for criminals to do this, they still need to be technically inclined, and if given the fact that they are, then there could still be traces in blockchain, specially that blockchain analysis has evolved throughout the years are well looking for addresses that might be used by this criminals.

Most criminals are smart and wise, and BTC is only easy to use. BTC is not totally private, so traces are possible but crypto mixers have been invented eventually to fix this problem. Fiat is more traceable because it is centralized but until now, many criminals are still using it and some are well-skilled to still get away with their crimes.

[Fuso.hp]

Everything has good and bad side, we use mobile phone use internet or all other technology using this technology but we not only do good things but there are many people who do many bad things with the help of this technology. There are two types of hackers, one is black hacker and the other is white hacker, black hacker steals the information of others, on the other hand, white hacker fixes the errors of various sites. In the case of Bitcoin use, many times it is seen that some kidnappers kidnap people and demand ransom through Bitcoin, it is definitely bad behavior by Bitcoin but its responsibility should not be given to Bitcoin. We invest in Bitcoin and expect good things in the future on the other hand there are some criminals who try to commit crimes through Bitcoin. We should see how well we are doing with Bitcoin, not what others have done.

[Doan9269]

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.

Is Dark web hacking group the only one all over the world, are there no armed robbers everywhere, looters, fraudsters, scammers and all manner of fraudulences in the society that includes the use of fiat currency, why then is the little one happening in crypto being seen as the big offense here, government have their own personal reasons for ding this, they know better because they cant regulate the networks.

[dansus021]

Some bad uses of bitcoin.  yes it is really sad when bitcoin used to buy some illegal stuff and etc. But bitcoin is not 100% anonymous.  Today there is a company designed to track Bitcoin activity through various methods by connecting send and receive addresses by connecting the dot and etc company like Arkham Intelligence also known for the company who do the job. Even company like Binance usually can detect whether this clean btc or not.

[Marvell1]

Everything has good and bad side, we use mobile phone use internet or all other technology using this technology but we not only do good things but there are many people who do many bad things with the help of this technology. There are two types of hackers, one is black hacker and the other is white hacker, black hacker steals the information of others, on the other hand, white hacker fixes the errors of various sites. In the case of Bitcoin use, many times it is seen that some kidnappers kidnap people and demand ransom through Bitcoin, it is definitely bad behavior by Bitcoin but its responsibility should not be given to Bitcoin. We invest in Bitcoin and expect good things in the future on the other hand there are some criminals who try to commit crimes through Bitcoin. We should see how well we are doing with Bitcoin, not what others have done.

To be more precise, good or bad is human behavior, we should not blame bitcoin, fiat or any other tool just because it is being used by criminals to commit crimes. Everything in this world is created with only one purpose: to make our lives more convenient and better. Bitcoin was created by Satoshi because he was tired of inflation, the devaluation of fiat currencies, and the suffocating control of the government over the people. He was just trying to create a currency that would help us fight inflation, limit government control, he never intended to create bitcoin for criminals to use.

[cryptoWODL]

Everything has good and bad side, we use mobile phone use internet or all other technology using this technology but we not only do good things but there are many people who do many bad things with the help of this technology. There are two types of hackers, one is black hacker and the other is white hacker, black hacker steals the information of others, on the other hand, white hacker fixes the errors of various sites. In the case of Bitcoin use, many times it is seen that some kidnappers kidnap people and demand ransom through Bitcoin, it is definitely bad behavior by Bitcoin but its responsibility should not be given to Bitcoin. We invest in Bitcoin and expect good things in the future on the other hand there are some criminals who try to commit crimes through Bitcoin. We should see how well we are doing with Bitcoin, not what others have done.

Yes everything has good and bad side. But I want to say that not only bitcoins are used in illegal stuff but fiat currencies are also used. So those who think only that Bitcoin is used for various criminal activities and buying and selling of illegal goods maybe they are wrong.

You said that a lot of people these days are Kidnapping people and demanding bitcoins as ransom. I have seen such news in our country's newspapers several times. They have even been caught by the police and jailed after demanding bitcoins as ransom. Those who are claiming Bitcoin for such criminal activities should not blame Bitcoin for the behavior of those people because they are only using Bitcoin as a medium. Just as the kidnappers demand Bitcoin as ransom, they also demand fiat.

[Agbamoni]

It all started as a whisper until those who are involved in this criminal abuse of Bitcoin increased more and more which made me a great concern. Of a truth you're right and it saddens me that such technology that was meant to help is now part of what they are using to harm others.

But it is important to remember the importance of it too. Bitcoin transactions, while not completely anonymous, can be traceable on a public ledger. Bitcoin is like a flip coin just like any other technology, the good people use it for its purposes while on the other side the bad use it for theft, fraud, and other wrong purposes. However, there have been regulations and enforcement developed to address misuse, but ultimately how we use it matters the most. If everyone can just use it for the right things there won't be any problem at all.

[GeorgeJohn]

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.

understand the procedures of Bitcoin you will think of anything you have in mind, in actual circumstances bitcoin is not meant for illegality it is meant for something of being decentralized of being independent of it on but many people misunderstood the usage of Bitcoin that is why you see some people lamenting that bitcoin is used for a criminal activity or illegal activity it is meant for investment from my own understanding not for any other transactions and the people get afraid of Bitcoin because many scammers as then to pay them with the Bitcoin but that does not mean that bitcoin is being used as illegal Duty or illegal function.

[lizarder]

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.

Who cares and how do you interpret fiat which previously also experienced the same thing. The percentage of bitcoin used for illegal activities such as arms smuggling, dark transactions and money laundering is also not proven how much. There will always be illegal activities carried out by people and even whether or not bitcoin is on this earth. The reason countries completely ban bitcoin is not on the plain of that reason because there are other considerations that might cause them to ban bitcoin.

What kind of legality do you mean because now there are many countries that allow bitcoin as an investment asset and expecting the government to provide access to legalize bitcoin as a legal means of payment is completely impossible. If your expectations are regarding this, then I doubt that the government will give permission and will change the fiat currency regulations of every country that wants to allow it.

[YOSHIE]

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

Drug trafficking, weapons or the black market, existed long before Bitcoin was created and illegal trading activities have been going on for years, the government just has an excuse to link Bitcoin with illegal goods.

Actually, that's not a factor, the government is not legalizing Bitcoin, there are other things that the government needs to consider regarding Bitcoin.
For example:

They don't ban crypto, they try to ban it. They try to ban it because they have no control over the peoples money that way. China is a communist country and they operate exactly like Hitler. We all see how that worked out for Hitler. Cryptocurrency can not be stopped. Period. For the people, by the people, of the PEOPLE!

And this one.

As the Indian government banned bitcoin due to untraceable issue. As you can’t trace cryptocurrency where it come from and where it goes and there is another issue with the Indian government.

For further understanding you can review this one: What is the reason why our government banned Bitcoin?

Several social media and also other sources, explain and it is not linked to the black market or anything else, Many countries state as in the source above.

[Wiwo]

How to identify those bad actor's and users of bitcoin and also to enlighten the government about bitcoin and hoe it transactions can be tracked because as long as the transactions pass through the blockchain it can be analysed so instead of the government to totally ban it involment with bitcoin it is better to regulate the market and it actor's in other to protect the system from abusers who may take advantage of bitcoin decentralised nature to carry out illegal transactions.

But in all, bitcoin do more good than harm so the government shouldn't ban bitcoin because of some bad actors who make up for a small numbers of bitcoin real users.