Quote from: Sled on October 21, 2017, 07:20:46 AM

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Quote from: Sled on October 19, 2017, 06:51:25 AM

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Quote from: awesome31312 on September 18, 2016, 09:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

The simple fact is that all the illegal items you enumerated has no negative effect or impact on USD.

The explanation as to why USD is used or preferred in these illegal or even legitimate transactions is that it has high value and when local fiat I'd converted to USD to be used for transactions, it makes it compacted and comfortable to be carried about without suspicion.

On the contrary, this role played by USD is currently being taken over by bitcoin because of its high value also. Fiat are these days converted to bitcoin to be carried on just a mobile gadget like a mere phone. Shaking my head. Grin

It totally depend on the user how he uses his money and if USD is being used in illegal activities there is no fault of dollar in it, people will do illegal things until proper check and balanced system will implemented by cyber security and once a safe system is implemented then there will be no chance to misuse any currency so wait till that time.

I agree to that. We cannot do things about it because it is just the people who uses USD or other currency in transacting in illegal things and they should not do it because it is not a good thing but if they will keep continue doing it then we should stay away from them so we will prevent the possible influence from them and we should always remember that we should do things in legal and good way.

Yes and I think this is only US dollars that mostly used for terrorist activities in the world, because no other currency is acceptable all over the world except dollar. Therefore the use of dollars is much in these illegal activities. Dollars are also used for money laundering because if someone wants to send money to other country with illegal means he use dollars because of the acceptance all over the world.

That is the downfall for the USD because it is a universal currency and almost all the things can be paid in USD and the transaction for illegal activities can be done in using USD also and that is why USD is the most used currency in illegal activities but lets be honest that the bitcoin is also one of the way of transacting illegal things because of the anonymity but overall, all the currencies even it is crypto or fiat are already been used in illegal activities.

It is true the value of the USD was very high and it was being use for the payment and the money taking but as you said it is being as an illegal way so it is very sad indeed people are having a lot of the expectation and the money of the USD is getting down, I think this is not about the currency and the money but the people who are using this in the other way, it s very important to have the bitcoin ad then try to use it instead of the USD as an investment.