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Author Topic: Illegal use of Bitcoin affecting its value?  (Read 7704 times)
Eastwind
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September 20, 2014, 10:40:46 AM
 #141

Bitcoin is used as payment for illegal activities, but is dollar. So what then?

Maybe the proportion of BTC used for illegal activities is more than dollar. That is why we need more legal entities to accept BTC.
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September 20, 2014, 03:34:36 PM
 #142

Any use is good for BTC.
furlong
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September 20, 2014, 04:09:56 PM
 #143

All that matters is it getting used, the rest doesnt matter.
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September 20, 2014, 04:36:39 PM
 #144

All that matters is it getting used, the rest doesnt matter.

Exactly
leannemckim46
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September 20, 2014, 09:37:03 PM
 #145

All that matters is it getting used, the rest doesnt matter.
If a significant portion of bitcoin related commerce is for illegal uses then anyone who is associated with bitcoin or that owns bitcoin would be somewhat associated with illegal activity (it would be implied they are somehow involved). If it is only a small percentage of the overall level of commerce then people who use and own bitcoin would likely not be implied to be associated with illegal activity

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Eastwind
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September 20, 2014, 09:57:56 PM
 #146

All that matters is it getting used, the rest doesnt matter.
If a significant portion of bitcoin related commerce is for illegal uses then anyone who is associated with bitcoin or that owns bitcoin would be somewhat associated with illegal activity (it would be implied they are somehow involved). If it is only a small percentage of the overall level of commerce then people who use and own bitcoin would likely not be implied to be associated with illegal activity
ditto
botany
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September 21, 2014, 01:07:18 PM
 #147

All that matters is it getting used, the rest doesnt matter.
If a significant portion of bitcoin related commerce is for illegal uses then anyone who is associated with bitcoin or that owns bitcoin would be somewhat associated with illegal activity (it would be implied they are somehow involved). If it is only a small percentage of the overall level of commerce then people who use and own bitcoin would likely not be implied to be associated with illegal activity

I doubt if a significant portion of bitcoin related commerce is for illegal uses.
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September 21, 2014, 05:59:16 PM
 #148

All that matters is it getting used, the rest doesnt matter.
If a significant portion of bitcoin related commerce is for illegal uses then anyone who is associated with bitcoin or that owns bitcoin would be somewhat associated with illegal activity (it would be implied they are somehow involved). If it is only a small percentage of the overall level of commerce then people who use and own bitcoin would likely not be implied to be associated with illegal activity

I doubt if a significant portion of bitcoin related commerce is for illegal uses.
Ross had accumulated ~144K bitcoin from commissions from SR in only ~2 years. He likely paid the site expenses and his living expenses out of the site commissions so the 144k bitcoin is the site profit (after Ross's living expenses).

I think it is safe to say that SR was a significant portion of bitcoin related commerce up until it was shut down
Eastwind
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September 22, 2014, 07:55:51 PM
 #149

Which one is the largest site accepting BTC?
deluxeCITY
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September 26, 2014, 05:48:38 AM
 #150

All that matters is it getting used, the rest doesnt matter.
If a significant portion of bitcoin related commerce is for illegal uses then anyone who is associated with bitcoin or that owns bitcoin would be somewhat associated with illegal activity (it would be implied they are somehow involved). If it is only a small percentage of the overall level of commerce then people who use and own bitcoin would likely not be implied to be associated with illegal activity

I doubt if a significant portion of bitcoin related commerce is for illegal uses.
Ross had accumulated ~144K bitcoin from commissions from SR in only ~2 years. He likely paid the site expenses and his living expenses out of the site commissions so the 144k bitcoin is the site profit (after Ross's living expenses).

I think it is safe to say that SR was a significant portion of bitcoin related commerce up until it was shut down
This is a great example as to how much bitcoin related commerce was/is taking place on illegal dark market websites. Other examples would include the fact that SR2 was hacked back early this year and well over $4 million was stolen
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