Post
Topic
Board Bitcoin Discussion
Re: Bitcoins for illegal activity
by
Fasunathan
on 15/12/2017, 11:53:11 UTC
I think that is their only option to stop illegal activities in their country involving bitcoin, its really hard to trace people who uses bitcoin as a source of payment for drug etc, but for sure there will some a time that they will unban bitcoin because there are lots of good things bitcoin can do than evil ones.

After the Danish police arrested a few Bitcoin dealers in October, the dark markets have started to move away from BTC. Right now the preferred currency of drug trade is Monero, with Zcash and Blackbytes competing for the second spot. I still don't understand why the governments are going after Bitcoin and not after Monero.

I don't expect in other countries to use Bitcoin as a tool of illegal transactions and other deeds.

It is possible. People will really find ways to do illegal things and bitcoin is not exempted to that. But in that case, the people who did illegal are the one to be blamed and not the bitcoin itself since bitcoin is just a cryotocurrency that they used for illegal ways. Even if without bitcoin there is a very big possibility that evil people will do things illegally.