Bitcoin Forum
August 20, 2019, 02:10:27 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6] 7 8 »  All
  Print  
Author Topic: Illegal use of Bitcoin affecting its value?  (Read 7704 times)
Swordsoffreedom
Legendary
*
Offline Offline

Activity: 1036
Merit: 1001


★Bitvest.io★ Play Plinko or Invest!


View Profile
August 28, 2014, 04:37:10 AM
 #101

Has the use of Bitcoin for illegal things such as purchasing drugs, weapons, fraudulent documents and laundering money effected its value?

Yes, in the beginning the first market for Bitcoin besides pizza were for gambling and drug sites such as the Silk road along with other legitimate reasons that said it wasn't such a bad thing since it started in that segment and grew from there to the early mainstream usage we are witnessing now.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
1566267027
Hero Member
*
Offline Offline

Posts: 1566267027

View Profile Personal Message (Offline)

Ignore
1566267027
Reply with quote  #2

1566267027
Report to moderator
1566267027
Hero Member
*
Offline Offline

Posts: 1566267027

View Profile Personal Message (Offline)

Ignore
1566267027
Reply with quote  #2

1566267027
Report to moderator
1566267027
Hero Member
*
Offline Offline

Posts: 1566267027

View Profile Personal Message (Offline)

Ignore
1566267027
Reply with quote  #2

1566267027
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566267027
Hero Member
*
Offline Offline

Posts: 1566267027

View Profile Personal Message (Offline)

Ignore
1566267027
Reply with quote  #2

1566267027
Report to moderator
1566267027
Hero Member
*
Offline Offline

Posts: 1566267027

View Profile Personal Message (Offline)

Ignore
1566267027
Reply with quote  #2

1566267027
Report to moderator
1566267027
Hero Member
*
Offline Offline

Posts: 1566267027

View Profile Personal Message (Offline)

Ignore
1566267027
Reply with quote  #2

1566267027
Report to moderator
wasserman99
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
August 29, 2014, 06:30:09 PM
 #102

Has the use of Bitcoin for illegal things such as purchasing drugs, weapons, fraudulent documents and laundering money effected its value?

Yes, in the beginning the first market for Bitcoin besides pizza were for gambling and drug sites such as the Silk road along with other legitimate reasons that said it wasn't such a bad thing since it started in that segment and grew from there to the early mainstream usage we are witnessing now.
I would not consider gambling sites to be an illegal use. The only thing that would make gambling illegal is your physical location verses the location of the website, which is a mere technicality. Gambling in most places of the world is legal, it is just that in many places the government has monopoly over the gambling.

Swordsoffreedom
Legendary
*
Offline Offline

Activity: 1036
Merit: 1001


★Bitvest.io★ Play Plinko or Invest!


View Profile
August 30, 2014, 12:43:20 AM
 #103

Has the use of Bitcoin for illegal things such as purchasing drugs, weapons, fraudulent documents and laundering money effected its value?

Yes, in the beginning the first market for Bitcoin besides pizza were for gambling and drug sites such as the Silk road along with other legitimate reasons that said it wasn't such a bad thing since it started in that segment and grew from there to the early mainstream usage we are witnessing now.
I would not consider gambling sites to be an illegal use. The only thing that would make gambling illegal is your physical location verses the location of the website, which is a mere technicality. Gambling in most places of the world is legal, it is just that in many places the government has monopoly over the gambling.

Well there is the legal grey area around online gambling websites, I recall Satoshidice having issues with US users of its site a while back but allowing other gambling jurisdictions to use it.
So I considered it sort of illegal but not illegal in that case, but what I meant is that some of the earliest uses came from there and it grew to more mainstream uses over time.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
itsAj
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
August 30, 2014, 02:24:54 AM
 #104

Has the use of Bitcoin for illegal things such as purchasing drugs, weapons, fraudulent documents and laundering money effected its value?

Yes, in the beginning the first market for Bitcoin besides pizza were for gambling and drug sites such as the Silk road along with other legitimate reasons that said it wasn't such a bad thing since it started in that segment and grew from there to the early mainstream usage we are witnessing now.
I would not consider gambling sites to be an illegal use. The only thing that would make gambling illegal is your physical location verses the location of the website, which is a mere technicality. Gambling in most places of the world is legal, it is just that in many places the government has monopoly over the gambling.

Well there is the legal grey area around online gambling websites, I recall Satoshidice having issues with US users of its site a while back but allowing other gambling jurisdictions to use it.
So I considered it sort of illegal but not illegal in that case, but what I meant is that some of the earliest uses came from there and it grew to more mainstream uses over time.
It is legal in most states to gamble, but only as long as you gamble via the state sponsored lottery. You are generally not able to send money across state lines to gamble anything. You are correct that satochi dice has had some problems in that they do not allow people with US IP's to access their site (if you use TOR or a VPN from overseas then you will be fine).
giveBTCpls
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
August 30, 2014, 09:51:32 PM
 #105

It affects the adoption rate I guess. Or even the value. I for once was scared away from BTC back in the good ol 0.1$ per coin days. Fuck my life, if I really looked into it instead of being scared away by how Bitcoin was used by criminals, I would be filthy rich by now. Oh fuck the fucking thing.

kleeii
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
August 31, 2014, 12:02:53 AM
 #106

I don't think that Illegal use of Bitcoin will affect its value but I'm concern about reaction from USA and other Western governments if Bitcoin become famous like tool for money laundry. This will be very bad for the development of Bitcoin and its global acceptance.
Leina
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
August 31, 2014, 12:29:09 AM
 #107

Cash has illegal use and it didn't affect its value.

Bitcoin will have the same issue as cash when it comes to illegal use.
wasserman99
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
August 31, 2014, 05:16:03 AM
 #108

Has the use of Bitcoin for illegal things such as purchasing drugs, weapons, fraudulent documents and laundering money effected its value?

Yes, in the beginning the first market for Bitcoin besides pizza were for gambling and drug sites such as the Silk road along with other legitimate reasons that said it wasn't such a bad thing since it started in that segment and grew from there to the early mainstream usage we are witnessing now.
I would not consider gambling sites to be an illegal use. The only thing that would make gambling illegal is your physical location verses the location of the website, which is a mere technicality. Gambling in most places of the world is legal, it is just that in many places the government has monopoly over the gambling.

Well there is the legal grey area around online gambling websites, I recall Satoshidice having issues with US users of its site a while back but allowing other gambling jurisdictions to use it.
So I considered it sort of illegal but not illegal in that case, but what I meant is that some of the earliest uses came from there and it grew to more mainstream uses over time.
I would say that gambling sites are generally illegal in the United States. Although the reason for being as such is nothing more then a technicality. It is illegal to gamble across states lines because states want to be able to heavily regulate and tax casino operations.

jjacob
Legendary
*
Offline Offline

Activity: 1554
Merit: 1022


★Nitrogensports.eu★


View Profile
August 31, 2014, 02:36:16 PM
 #109

I would say that gambling sites are generally illegal in the United States. Although the reason for being as such is nothing more then a technicality. It is illegal to gamble across states lines because states want to be able to heavily regulate and tax casino operations.

States try and tax as much as they can. Even Amazon collects state sales tax in a large number of states. Cheesy
Tough to implement that model in online casinos though....


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Jerome?
Member
**
Offline Offline

Activity: 107
Merit: 10


View Profile
September 08, 2014, 12:58:49 PM
 #110

for me this also helps in gaining popularity

\\\\\\\\\\\\\\\\\\\\◥◣◢◤////////////////////
❖ Win88.me ❖ Fair, Trusted Online BTC Gambling ❖
////////////////////◢◤◥◣\\\\\\\\\\\\\\\\\\\\
Get.BTC.Now
Member
**
Offline Offline

Activity: 116
Merit: 10

★☆★ dont let others hurt your sk


View Profile WWW
September 08, 2014, 12:59:52 PM
 #111

Has the use of Bitcoin for illegal things such as purchasing drugs, weapons, fraudulent documents and laundering money effected its value?

Maybe not from illegal activities.. Bitcoin will decrease its value if scams will be tolerated
Bitzkrieg
Full Member
***
Offline Offline

Activity: 150
Merit: 100

------bitcoiner@heart.email


View Profile
September 08, 2014, 01:05:06 PM
 #112

bad publicity is still a publicity

\\\\\\\\\\\\\\\\\\\\◥◣◢◤////////////////////
❖ Win88.me ❖ Fair, Trusted Online BTC Gambling ❖
////////////////////◢◤◥◣\\\\\\\\\\\\\\\\\\\\
superresistant
Legendary
*
Offline Offline

Activity: 2030
Merit: 1095



View Profile
September 08, 2014, 01:05:33 PM
 #113

 
FIAT money should be illegal.
Bitzkrieg
Full Member
***
Offline Offline

Activity: 150
Merit: 100

------bitcoiner@heart.email


View Profile
September 08, 2014, 01:12:08 PM
 #114

Depends on whose using it

\\\\\\\\\\\\\\\\\\\\◥◣◢◤////////////////////
❖ Win88.me ❖ Fair, Trusted Online BTC Gambling ❖
////////////////////◢◤◥◣\\\\\\\\\\\\\\\\\\\\
Ringumbau
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
September 08, 2014, 02:57:49 PM
 #115

No it isnt, its how people using it, not how you use it that matters.
BCEmporium
Legendary
*
Offline Offline

Activity: 1218
Merit: 1000



View Profile
September 08, 2014, 11:12:18 PM
 #116

No it didn't. And if you look at the market trend you find exactly that.
It just happened that Silk Road and BMR appeared around 2011's bubble. But later that year you got BTC back at 2 USD, a drop from 30 to 2 and it remained as so with SR at full steam.
The biggest bubble so far came after SR arrests, BMR breakdown, SM theft and, a couple of months early, Atlantis closure. In the end none of those markets had any impact on the bitcoin value, maybe helped on introduce bitcoin and make it known for some people.
To the very best they increased the transactions flow; customer -> cash > bitcoin ---> dealer -> bitcoin > cash

██████████████████            ██████████
████████████████              ██████████
██████████████          ▄█   ███████████
████████████         ▄████   ███████████
██████████        ▄███████  ████████████
████████        ▄█████████  ████████████
██████        ▄███████████  ████████████
████       ▄██████████████ █████████████
██      ▄███████████████████████████████
▀        ███████████████████████████████
▄          █████████████████████████████
██▄         ▀███████████████████████████
████▄        ▀██████████████████████████
██████▄        ▀████████████████████████
████████▄        ████████████████▀ █████
██████████▄       ▀█████████████  ██████
████████████▄       ██████████   ███████
██████████████▄      ▀██████    ████████
████████████████▄▄     ███     █████████
███████████████████▄    ▀     ██████████
█████████████████████▄       ███████████
███████████████████████▄   ▄████████████





▄█████████████████   ███             ███   ███   ███▄                ▄███            █████            ████████████████   ████████████████▄             █████
███▀                 ███             ███   ███   ████▄              ▄████           ███████           ███                ███           ▀███           ███████
███                  ███             ███   ███   █████▄            ▄█████          ███▀ ▀███          ███                ███            ███          ███▀ ▀███
███                  ███             ███   ███   ███ ███▄        ▄███ ███        ▄███▀   ▀███▄        ███                ███           ▄███        ▄███▀   ▀███▄
███                  ███████████████████   ███   ███  ▀██▄      ▄██▀  ███       ▄███▀     ▀███▄       ████████████████   ████████████████▀        ▄███▀     ▀███▄
███                  ███             ███   ███   ███   ▀███    ███▀   ███      ▄███▀       ▀███▄      ███                ███        ███          ▄███▀       ▀███▄
███                  ███             ███   ███   ███    ▀███  ███▀    ███     ▄███▀         ▀███▄     ███                ███         ███        ▄███▀         ▀███▄
███▄                 ███             ███   ███   ███      ██████      ███    ▄███             ███▄    ███                ███          ███      ▄███             ███▄
▀█████████████████   ███             ███   ███   ███       ████       ███   ▄███               ███▄   ████████████████   ███           ███    ▄███               ███▄

|
  TRUE BLOCKCHAIN GAMING PLATFORM 
DECENTRALISED AUTONOMOUS UNIVERSES

  HOME PAGE                                                                  WHITE PAPER 
|
burnscamcoins
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
September 09, 2014, 03:45:49 AM
 #117

Yes bitcoin was very much a bubble at the time. The high prices of most bubbles are eventually surpassed over time as fundamentals of the underlying asset catches up to the price of the asset.
mllenios
Full Member
***
Offline Offline

Activity: 154
Merit: 100

PAMINTA 101


View Profile
September 09, 2014, 06:22:23 AM
 #118

No it isnt, its how people using it, not how you use it that matters.

That means if you use your money to buy porn videos is that ok?

DaveSaldana123
Full Member
***
Offline Offline

Activity: 135
Merit: 100

A.K.A The Black Marvel


View Profile
September 09, 2014, 06:24:50 AM
 #119

For me it will affect positively. Not negatively.

SW725
Member
**
Offline Offline

Activity: 81
Merit: 10


View Profile
September 09, 2014, 06:25:30 AM
 #120

For me it will affect positively. Not negatively.

Kindly elaborate this one?
Pages: « 1 2 3 4 5 [6] 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!