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Topic: [2020-01-30] Bitcoin Has Lost Steam. But Criminals Still Love It. - page 2. (Read 392 times)

legendary
Activity: 2170
Merit: 1427
They can't even get the facts correct.

They can but don't want to. It's pretty obvious that every outlet reports about Bitcoin the way the owner wants news about Bitcoin to be reported. Considering that most traditional bobos don't like Bitcoin, they let their outlets spew this type of nonsense. The same pretty much happens around election time. It's just what the owners want/allow you to read.

Dark web is just part of the economy, whether it's the fiat or crypto economy, it doesn't really matter. Anyone blaming Bitcoin for being used by criminals should also stop using their fiat currency. Fiat and Bitcoin are nothing but tools you can use or abuse. It's the authorities' job to chase after the criminals on top of the food chain. These criminals tend to be found abusing fiat way more so than Bitcoin.

It's incredibly hard to get money out of this ecosystem so what's better than to continue dealing with fiat?
hero member
Activity: 3010
Merit: 794
Criminals love money, which is why they prefer bitcoin
There were already some alternatives when we do talk about privacy like Monero but people on dark market wont still forget on how this market works since from the beginning
and the currency its been using.


The journalist who wrote the article is clearly on a mission to portray Bitocin as something only criminals use, so are we all criminals in this forum because of the fact that we use BTC? It's really amazing that they portray us as criminals, and as environmental destroyers when it is so far from the truth.
As always and its no surprise that media outlets or mediums would publish out crappy bitcoin news - Journalism at its finest!
newbie
Activity: 63
Merit: 0
Criminals love money, which is why they prefer bitcoin
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
bbc.reporter, why do you post such stupid news? "Bitcoin Has Lost Steam" is an incredibly stupid title given that it has increased its price by almost $3000 in the last month and a half (around $6500 in December 2019), and all this with some alleged research based on first three months of 2019?

The journalist who wrote the article is clearly on a mission to portray Bitocin as something only criminals use, so are we all criminals in this forum because of the fact that we use BTC? It's really amazing that they portray us as criminals, and as environmental destroyers when it is so far from the truth.
legendary
Activity: 4130
Merit: 1307
...

The last few months have not been good for Bitcoin. The value of the digital tokens has steadily dropped.
...



Typical fake nonsense news from the NYT.  They can't even get the facts correct.
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
Really, 2011 called again?

96BTC ransomware bounty was identified at Bitfinex yesterday.

http://jpkoning.blogspot.com/2020/01/what-happens-when-96-bitcoin-ransom.html
legendary
Activity: 3010
Merit: 1460
I was disappointed when some people were annoyed when I said that we should embrace bitcoin's importance as a tool that we can use for transactions that the regulators do not want us to do. Ignoring this is also ignoring one of its most important applications and value gaining properties.

Good news. No one can stop this.



The last few months have not been good for Bitcoin. The value of the digital tokens has steadily dropped. Bitcoin trading on cryptocurrency exchanges has slowed. And using Bitcoin to buy legal items? That has also dropped.

But one corner of the Bitcoin economy is still going strong: the sale of illegal drugs and other types of lawbreaking.

The amount of cryptocurrency spent on so-called dark net markets, where stolen credit card information and a wide array of illegal drugs can be purchased with Bitcoin, rose 60 percent to reach a new high of $601 million in the last three months of 2019, according to data released Tuesday by Chainalysis, a firm that tracks every Bitcoin transaction and serves as an adviser to an array of government authorities.


Read in full https://www.nytimes.com/2020/01/28/technology/bitcoin-black-market.html
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