[2020-01-30] Bitcoin Has Lost Steam. But Criminals Still Love It. - page 2.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: cr1776 on January 30, 2020, 08:14:03 AM

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?

stomachgrowls

hero member

Activity: 2856

Merit: 769

Quote from: mohdk52 on January 30, 2020, 11:16:21 AM

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.

Quote from: Lucius on January 30, 2020, 08:18:01 AM

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!

mohdk52

newbie

Activity: 63

Merit: 0

Criminals love money, which is why they prefer bitcoin

Lucius

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.

cr1776

legendary

Activity: 4018

Merit: 1299

Quote from: bbc.reporter on January 29, 2020, 10:21:55 PM

...

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.

goxed

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

bbc.reporter

legendary

Activity: 2926

Merit: 1440

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

Topic: [2020-01-30] Bitcoin Has Lost Steam. But Criminals Still Love It. - page 2. (Read 373 times)