Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin being used for illegal activities
by
Doamader
on 25/11/2016, 10:47:27 UTC
I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

Bitcoin is used in illegal fields but really it is a part of every currency, not just BTC. For example credit cards are being used for stolen credit cards. Cash is being used to buy drugs off the street or paying for illegal prostitution.

Paypal is used to chargeback scams. Bitcoin is just another currency.
Exactly, it's always the decision of the user on how he is going to spend his bitcoins, if he chooses to use it for illegal activities then it's up to him. We can't control him but he helps to increase the circulation of bitcoin so in general we have to be thankful to these people.
Paypal is used to chargeback scams? Are you sure about that, paypal does protect the buyer for 90 days after the purchase, and you can dispute the transaction in those period, meaning you can use the product and then be refunded by paypal,anyway its insane. Bitcoin can be used for legal as ilegal transactions, soo isnt any surprise bitcoin bad use.