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Why are people using cryptocurrencies for black market purposes ?

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Because Bitcoin is easier to use without getting track of its owner...I have read too,that some people are using for unusual purposes the Bitcoin...Well,that's not good,but what can be done to avoid it?
 
Because Bitcoin is easier to use without getting track of its owner...I have read too,that some people are using for unusual purposes the Bitcoin...Well,that's not good,but what can be done to avoid it?
This exactly. That's the main reason. The cryptocurrencies are all extremely hard to backtrack compared to "real" money. So, of course, people take advantage of that and use it for dumb or illegal things.
 
Because Bitcoin is easier to use without getting track of its owner...I have read too,that some people are using for unusual purposes the Bitcoin...Well,that's not good,but what can be done to avoid it?
We just need to do something about it ... Everything humans create for a good purpose gets exploited and used for a bad purpose.We need to stop doing bad stuff and just gather together help each other.We dont need beautiful idas ruined XD
 
Monero and Bitcoin are protected through privacy. And it helps people transact when the government does nnot allow the offshore money. So this helps both genuine and the bad elements in society to make use of the currency. and they are going to use it. so it is expected. you can see that cryptocurrency some of the time can be really bad in many ways. you have to make use of what you can in due process.
 
Why can't we all be good at last and use the most of Bitcoin without trying to exploit it and use it for bad actions such as buying drugs and ordering crimes ?

We really need to protect the idea of the bitcoin and its real purpose.

People uses dollars for all sorts of matter too so it is not the currency is dirty. It is the users.
 
The answer is as simple as, money had taught most people what to do with it and what people can have it the way they want and how users could harness according to their intention. So, it all began from fiat itself and the theory goes the same with cryptocurrencies.
 
I think the private nature of the bitcoin and monero is what makes the cryptocurrency good or bad. But the thing is that like everything in tech. This is going to have some of the issues to it as well. I have learned that some people may always going to take advantage as well. so it depends on how people learn to manage with whatever bitcoins you have. I think for each one of us things could be different in that context.
 
People uses dollars for all sorts of matter too so it is not the currency is dirty. It is the users.
You are totally right.There are some people that are using not only cryptocurrenies for own purposes.But the thing is with cryptocurrencies,there is no easy to track them down.
 
This exactly. That's the main reason. The cryptocurrencies are all extremely hard to backtrack compared to "real" money. So, of course, people take advantage of that and use it for dumb or illegal things.
Thats the reason things are happening in the world its because we find good things and we are trying to exploit them and drain them for black market purposes and other stuff .. People need to control themselves and try to avoid such happenings :D
 
Many people believe that bitcoin affords anonymity and with anonymity one can evade authorities. It is impossible to regulate it and that is why it popular to even those who are in the black market.
 
Have some try in this bitcoin is impossible to tracking but.... they can tracking ip address, and they can tracking how is this bitcoin purchased and how is sell for real currency so its not that much invisible
 
The answer is as simple as, money had taught most people what to do with it and what people can have it the way they want and how users could harness according to their intention. So, it all began from fiat itself and the theory goes the same with cryptocurrencies.
You are absolutely right.Cryptocurrency it is almost like fiat.People learned that this means power.The more money,the happier.That's the case with cryptocurrencies too_Only difference is that transactions,purchases with cryptocurrencies are in some measure anonymous.I think this adds to the popularity of Bitcoin.
 
We can have a bitcoin wallet with just an email address. SO people use it for blackmarket because it in not traceable and the black marketers don't get caught.
 
Monero and Bitcoin are protected through privacy. And it helps people transact when the government does nnot allow the offshore money. So this helps both genuine and the bad elements in society to make use of the currency. and they are going to use it. so it is expected. you can see that cryptocurrency some of the time can be really bad in many ways. you have to make use of what you can in due process.
Yes but us good people won't exploit it, the bad people are gonna do that . They can use it for many criminal activities which is really, really bad and I have to admit that there must be something done about it . People create things and people destroy it.
 
Yes but us good people won't exploit it, the bad people are gonna do that . They can use it for many criminal activities which is really, really bad and I have to admit that there must be something done about it . People create things and people destroy it.
Yes,there is some true in it.Not everybody is using Bitcoins for black market purposes.There are many people who are doing honest transactions online.We can't generalize it.I was starting to think,that maybe China banned Bitcoin,because there were some non very honest transactions with Bitcoins.Who knows...
 
People uses dollars for all sorts of matter too so it is not the currency is dirty. It is the users.
Exactly, what I am talking about is that some people need to realize that the thing they are doing isn't good for the world. Why destroy something that is meant to be useful for us ? We should instead take care of it and protect it even more but so far that hasn't been the case.
 
Yes but us good people won't exploit it, the bad people are gonna do that . They can use it for many criminal activities which is really, really bad and I have to admit that there must be something done about it . People create things and people destroy it.
I don't think so. if we do something about it. we have to limit ourselves to the anonymity too. and that's something people have to consider that part. I think people have to make usse of the crypto. and they should have the power over their own money but how much to avoid the govt and how much to rely on it. that is something we have to learn and learn to draw the line. that's something to consider as well. that's what i think as well.
 
The answer is as simple as, money had taught most people what to do with it and what people can have it the way they want and how users could harness according to their intention. So, it all began from fiat itself and the theory goes the same with cryptocurrencies.
It does but what do we get from that ? Do we get anything useful, good for the earth ? No.. all we get is criminality / black market jobs which just destroy us . Everything people create with a good purpose starts getting a completely another purpose.. the idea gets forgotten almost always.
 
Why can't we all be good at last and use the most of Bitcoin without trying to exploit it and use it for bad actions such as buying drugs and ordering crimes ?

We really need to protect the idea of the bitcoin and its real purpose.

How can one know if there is a black market for bitcoins. I have never heard of this before.
 
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