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Topic: ALTCOIN OF CRIME !!! (Read 190 times)

jr. member
Activity: 280
Merit: 1
March 02, 2018, 11:49:31 AM
#28
Of course some criminals use ALTCOIN, that is not up for discussion, but the countless articles about how bad ALTCOIN is; Criminals use Bitcoin to move $ 72 billion a year, research suggests, Bitcoin used by CRIMINALS to launder illegal funds, Criminals are cashing in on Bitcoins for illegal activity from buying drugs, hiring hitmen and forging passports on the Dark Web, all they are doing is harming a project, that was made to help people and solve major issues.
member
Activity: 182
Merit: 10
March 02, 2018, 11:46:17 AM
#27
I am a fan of Monero. Really surprising that it's not in top5 coins. Everyone is bragging about privacy and security but still using traceable coin or other similar coin
member
Activity: 196
Merit: 10
Protocol and Token to Reinvent Skill Validation
March 02, 2018, 11:33:34 AM
#26
You pay attention. DASH, Monero and Zcash have been listed in the top 3 crimes altcoin commonly used.
According to Jarek Jacubchek, a security expert at Europol, while Monero uses non-transparent bockchain technology, DASH arranges transactions in a way that no third party monitors the cash flow. . Zcash has special security that prevents access to and control over illegal sources.
Maybe this price of 3 coin will down people to monitor the situation offline.
There will be no crime if you didnt use these theree privacy coins into some illegal activities,the use of these coins will be in your hands,it doesnt mean that if you have these three you will be a criminal,or subjected into criminal cases,either way these are three most powerful privacy coins that is why most of the cindicates online are using these three.
member
Activity: 181
Merit: 10
March 02, 2018, 11:28:49 AM
#25
These three privacy coins was created to have our privacy intact whenever we are doing transactions these was created for that purpose and theres nothing wrong with these 3 coins,the wrong doings will on the people whom who uses these 3 coins to illegal activities,why would these 3 be responsible to the people's actions? these are the most commonly used privacy coin today and i dont see any problem using it.
member
Activity: 161
Merit: 10
March 02, 2018, 11:23:52 AM
#24
You pay attention. DASH, Monero and Zcash have been listed in the top 3 crimes altcoin commonly used.
According to Jarek Jacubchek, a security expert at Europol, while Monero uses non-transparent bockchain technology, DASH arranges transactions in a way that no third party monitors the cash flow. . Zcash has special security that prevents access to and control over illegal sources.
Maybe this price of 3 coin will down people to monitor the situation offline.
Fiat money is the most untraceable currency, namely dollar. This currency is the top currency used by criminals until today. They should do something about  it before blaming any cryptocurrency because cryptocurrency had a small percentage in involvement with circulation of money used by the criminals.
full member
Activity: 686
Merit: 104
March 02, 2018, 07:12:25 AM
#23
The same story again and again. Crimes also use fiat money. And what about it? All those "experts" can't do anything with it so they have to imagine scared stories about mythical criminals using crypto.
probably because transactions in the crypto world are recorded in the blockchain ledger, but the government can't detect the history of the transaction. so crypto is often used for crime transactions.
copper member
Activity: 51
Merit: 0
March 02, 2018, 07:09:52 AM
#22
Ironically, this is adoption guys.
jr. member
Activity: 248
Merit: 1
March 02, 2018, 07:08:57 AM
#21
You pay attention. DASH, Monero and Zcash have been listed in the top 3 crimes altcoin commonly used.
According to Jarek Jacubchek, a security expert at Europol, while Monero uses non-transparent bockchain technology, DASH arranges transactions in a way that no third party monitors the cash flow. . Zcash has special security that prevents access to and control over illegal sources.
Maybe this price of 3 coin will down people to monitor the situation offline.

it will be interesting to see how this private cryptocurrencies will be handled once regulation for crypto exists in western countries. I believe btc like currencies will be regulated and monero will get banned
legendary
Activity: 3038
Merit: 1169
March 02, 2018, 07:08:52 AM
#20
I really think Every Currency will surely be used by criminals or it can be used in illegal ways in some instance because it is surely private that is why some people will use this for their convenient sake, And I really think this is not coins fault but because of the privacy and convenience of digital coins people are thinking of ways they can do with it for their own personal agenda.
member
Activity: 224
Merit: 10
March 02, 2018, 06:50:13 AM
#19

  I do not see any problem, that these coins are used for their criminal purposes does not make them criminal.
On this principle, dollars and other fiat currency can be called the main source of payments for crimes, because it is dollars that are the ultimate goal of most of the crimes committed.
  If they want? criminals will find a loophole without crypto currency.
newbie
Activity: 70
Merit: 0
March 02, 2018, 06:16:25 AM
#18
The 'crimes' altcoin status is just fud. There are legitimate reasons for wanting privacy. Trying to 'criminalise' that by association is insane.
sr. member
Activity: 574
Merit: 253
March 02, 2018, 06:13:55 AM
#17
Being used by criminals is not fault of the coin. It gives you the privacy to do anything, if you do bad things, its your problem, not coin's.

You told it right. There is no fault for the developers that somebody using their creation for some crime. Just like the scientist who discovered a new fuel aren't responsible for military dudes who uses that fuel to run tanks and kill people.
newbie
Activity: 10
Merit: 0
March 02, 2018, 06:04:14 AM
#16
Being used by criminals is not fault of the coin. It gives you the privacy to do anything, if you do bad things, its your problem, not coin's.
sr. member
Activity: 630
Merit: 251
March 02, 2018, 06:01:43 AM
#15
You pay attention. DASH, Monero and Zcash have been listed in the top 3 crimes altcoin commonly used.
According to Jarek Jacubchek, a security expert at Europol, while Monero uses non-transparent bockchain technology, DASH arranges transactions in a way that no third party monitors the cash flow. . Zcash has special security that prevents access to and control over illegal sources.
Maybe this price of 3 coin will down people to monitor the situation offline.
only a madman who says 3 altcoin is a crime. do not blame altcoin, but this is purely a mistake from its users.
what is the original purpose of creating monero, dash and zcash for use in crime?


And do you know that even so "safe" fiats like Euro and Dollars been used for crime even more often than any of crypto coins?
very bad even more crazy  Undecided Cheesy
jr. member
Activity: 84
Merit: 4
Cryptocurrency Wallet - Denaro.io
March 02, 2018, 05:45:45 AM
#14
You pay attention. DASH, Monero and Zcash have been listed in the top 3 crimes altcoin commonly used.
...
Maybe this price of 3 coin will down people to monitor the situation offline.

And do you know that even so "safe" fiats like Euro and Dollars been used for crime even more often than any of crypto coins?
sr. member
Activity: 1512
Merit: 306
March 02, 2018, 05:43:13 AM
#13
Hoods, wigs, sunglasses and caps help to hide faces from the systems of recognition of persons and nobody calls them criminal. So it is with anonymous cryptocurrencies.
hero member
Activity: 658
Merit: 500
March 02, 2018, 05:35:47 AM
#12
I don't know why some people are surprise about this, these are what these ALtcoins are design for, it is for for crime world, when Dark web adopt a coin, there is a special reason for that because it makes the transaction untraceable, people in that space cherish their identity anonymousity and things must remain that way for them
sr. member
Activity: 602
Merit: 277
March 02, 2018, 04:58:44 AM
#11
We can use any coin as a medium of exchange but we do not prefer this to fiat. Coins that allow anonymous medium of exchange is a important advantage of crypto to fiat.
newbie
Activity: 21
Merit: 0
March 02, 2018, 04:52:35 AM
#10
Then what to say for Verge , where the privacy is on really good level. Actually Monero is traceable, but Verge not Smiley
 
legendary
Activity: 1778
Merit: 1009
Degen in the Space
March 02, 2018, 04:49:37 AM
#9
You pay attention. DASH, Monero and Zcash have been listed in the top 3 crimes altcoin commonly used.
According to Jarek Jacubchek, a security expert at Europol, while Monero uses non-transparent bockchain technology, DASH arranges transactions in a way that no third party monitors the cash flow. . Zcash has special security that prevents access to and control over illegal sources.
Maybe this price of 3 coin will down people to monitor the situation offline.

This thing is also happening in some countries with predominant money. It's the same thing, they are just using this digital currency to take some advantages to do crimes. There are places that is called black market where you can have hidden transactions and can buy some things for crimes. Even bitcoin is used also, do you think the value of bitcoin becomes low? it gives no effect at all. Popularity of bitcoin becomes big because of many investors in the world not in crimes. It's a normal thing for some but still it's dangerous for having this system, it's makes me concern about what will happen next in monero.
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