Bitcoin and the Dark Web

[Etini]

Bitcoin is a decentralized digital currency that has gained widespread popularity due to its anonymity and security. The dark web is a hidden part of the internet that can only be accessed using specific tools, and it is often associated with illegal activities such as drug trafficking, hacking, and blackmail. Bitcoin is a popular payment method on the dark web because transactions can be conducted anonymously and without the need for intermediaries.

However, this also makes it easier for criminals to launder money and engage in other illicit activities.

Despite the risks associated with the dark web, Bitcoin's decentralization and security make it an attractive option for those seeking to conduct business outside the reach of traditional financial institutions.

 

[Nomad]

One major issue governments around the world have with bitcoin and cryptocurrencies in general is that these currencies will be used fro illegal transactions and will be widely used on the dark web. While this cannot be ruled out as it has become easier to send and receive payment, we also need to understand illegal trade also happens with fiat money

 

[Grant]

Anytime you decide to do your work on something like the dark web, take into account what you do could cause you to lose your Bitcoin or see your bitcoin stolen. I would stick to doing it the legit way, so there's a lot less risk to losing my investment. I don't trust the dark web enough to put my time and effort into it, because I know there are risks with using that side of the internet.

 

[Heatman]

I have never used the Dark Web for any purposes and I hope not to have anything that's going to take me there. I have heard about all the kinds of illegal and immoral dealings that goes on in the Dark Web. I don't wanna have anything to do with it. Cryptocurrency payment not being able to be traced is why it's used for all these shady businesses.