Bitcoin and crime... - page 3. | Bitcointalksearch.org

figmentofmyass

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Quote from: GreenBits on September 23, 2017, 04:48:51 PM

bitcoins, actually cryptos in general, greatly facilitate the operation of crime.

crime, organized crime at least, usually has profit motive attached (ignore terrorism for the sake of this argument). bitcoin is money, not quite anonymous, but anonymous enough at this point. the government basically doesnt like illicit earnings because it does not get to tax said earnings. whats one f the easiest ways to avoid taxation at the moment, with a significant amount of value?

bitcoin Wink

so bitcoin will always attract the not so noble crowd, in its current form it just happens to be a pretty effective tool for transmitting illicit funds quickly and quietly Sad

i think we are seeing more and more everyday that BTC is not ideal for illicit activity. it's easily traceable. a few years ago, blockchain/taint analysis wasn't a big thing, but there is an entire industry based around it now. and these companies work very closely with law enforcement agencies. in that vein, it's no big surprise to see alphabay and hansa shut down the way they were. i would even be wary of some of the BTC mixers..... if i were the FBI or INTERPOL, i'd be running mixers as honeypots. hell, law enforcement was running hansa as a honeypot!

i hope that XMR continues to confound blockchain analysis companies. it seems to be our best hope for anonymity of the blockchain.

ajmapalo22

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Illegal acts even crime is really part of every countries economy regardless of what country this issue is very inevitable and we cannot blame if bitcoin was use for it. Bitcoin is also a currency like every other fiat its just that it has no physical value but using it is like other currency we don't have any control over the owner of it

Lmaooo

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Quote from: nankers on July 27, 2017, 05:13:21 PM

In my country since there are cases of bitcoin malware with the increasingly make bad bitcoin image in the eyes of the people.i Hope in your country is not so and hopefully the future of people's view about bitcoin getting better...

People also used fiat currency for their criminal activities. So why now blame it on Bitcoin because is modern currency?

GreenBits

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bitcoins, actually cryptos in general, greatly facilitate the operation of crime.

crime, organized crime at least, usually has profit motive attached (ignore terrorism for the sake of this argument). bitcoin is money, not quite anonymous, but anonymous enough at this point. the government basically doesnt like illicit earnings because it does not get to tax said earnings. whats one f the easiest ways to avoid taxation at the moment, with a significant amount of value?

bitcoin Wink

so bitcoin will always attract the not so noble crowd, in its current form it just happens to be a pretty effective tool for transmitting illicit funds quickly and quietly Sad

lalabotax

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Quote from: nankers on July 27, 2017, 05:13:21 PM

In my country since there are cases of bitcoin malware with the increasingly make bad bitcoin image in the eyes of the people.i Hope in your country is not so and hopefully the future of people's view about bitcoin getting better...

I think that's how someone responds. not everyone will think badly, in accordance with the knowledge he has, education is the most important to assess something. so too with evil, all very potential to be evil if the culprit has the nature of the devil

Cryptoraptor

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Quote from: GreatOrchid on September 23, 2017, 02:42:14 PM

That is true, most people use bitcoin for being involved with crime, or just to steal money. If you join to the deep web, everybody is selling stuff for bitcoins, or just selling credit cards, hacked paypal accounts, and everything. Bitcoin is used for money laundering, that is why nobody can buy bitcoins with credit cards without Identity identification.

I think the bit about not being able to buy with credit cards isn't because of money laundering but because it would make it a lot easier to commit fraud.

HabBear

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Quote from: nankers on July 27, 2017, 05:13:21 PM

In my country since there are cases of bitcoin malware with the increasingly make bad bitcoin image in the eyes of the people.i Hope in your country is not so and hopefully the future of people's view about bitcoin getting better...

Has your country banned the US Dollar? If not, I'd ignore anyone in your country saying "bitcoin is the currency of thieves". Because before Bitcoin it was the US Dollar that was the global currency of criminals. And if your country didn't ban the US Dollar than they really don't care about the criminals using a specific currency, they're just trying to find another reason to be against Bitcoin.

DZU1410

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Quote from: maman09 on September 23, 2017, 03:15:46 PM

in cyber crime, tend to be the main choice to be money laundering. many options, in terms of secrecy and the difficulty of being tracked. this is the main factor why hackers tend to choose bitcoin to nest their wallets.

Criminals committed crimes before bitcoin was invented. And they will do whatever the development of the crypto currency. I want to say that the crypto currency does not contribute to the development of crime

alani123

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Bitcoin, as an electronic form of payment that isn't associated to real world names, is naturally receiving use by malevolent people. Cash also receives use from parties interested in illegal acts. What's a logical defense to this? Bitcoin actually has many usage applications that are very legal and can be very convenient for conventional payments, that's not to be overshadowed by the few that use it for illegal acts.

aysha9853

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Quote from: nankers on July 27, 2017, 05:13:21 PM

In my country since there are cases of bitcoin malware with the increasingly make bad bitcoin image in the eyes of the people.i Hope in your country is not so and hopefully the future of people's view about bitcoin getting better...

bitcoin can not do anything, bitcoin character is dependent on people who use it, suppose most people use bitcoin to transact in black market of course bitcoin name will be bad, but misalka most people use bitcoin for legal transaction of course bitcoin name will be good. My expectation of bitcoin is used for positive action so that the name of bitcoin remains beautiful and has more and more enthusiasts

maman09

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in cyber crime, tend to be the main choice to be money laundering. many options, in terms of secrecy and the difficulty of being tracked. this is the main factor why hackers tend to choose bitcoin to nest their wallets.

Ariess

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for evil, there will always be wherever it is. if evil disappears from this world, I am sure the world will end, hahahaha.

that is, if people don't like bitcoin, they will corner and look bad.

GreatOrchid

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That is true, most people use bitcoin for being involved with crime, or just to steal money. If you join to the deep web, everybody is selling stuff for bitcoins, or just selling credit cards, hacked paypal accounts, and everything. Bitcoin is used for money laundering, that is why nobody can buy bitcoins with credit cards without Identity identification.

Zadicar

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Quote from: Desscount on September 23, 2017, 02:26:44 PM

Quote from: nankers on July 27, 2017, 05:13:21 PM

In my country since there are cases of bitcoin malware with the increasingly make bad bitcoin image in the eyes of the people.i Hope in your country is not so and hopefully the future of people's view about bitcoin getting better...

evil begins and one's intentions and character. basically if a person is good, he tends to behave well. and if someone is evil, he will not hesitate to do anything for his goal to be achieved. as well as bitcoin. it all lies in the thinking and education of the people who want to be involved in it.

It does really start on ones intention no matter how we positively use on bitcoin but still there are people who do always see the possibility of using bitcoin on negative way and they dont really care on affecting its reputation as long they can able to execute their evil plans. This is why government doesnt really like bitcoin because it can really boost up crime if its citizens would see its negative side.

Desscount

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Quote from: nankers on July 27, 2017, 05:13:21 PM

In my country since there are cases of bitcoin malware with the increasingly make bad bitcoin image in the eyes of the people.i Hope in your country is not so and hopefully the future of people's view about bitcoin getting better...

evil begins and one's intentions and character. basically if a person is good, he tends to behave well. and if someone is evil, he will not hesitate to do anything for his goal to be achieved. as well as bitcoin. it all lies in the thinking and education of the people who want to be involved in it.

bettercrypto

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Government is just finding some lee way on their lapses of preventing crime and they saw Bitcoin is one perfect excuse. But honestly? Did this government researched about the blockchain transparency? When it comes to fraud and money laundering I am sure they are barking at the wrong tree if they think Bitcoin encourage these.

ir.yance

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Quote from: nankers on July 27, 2017, 05:13:21 PM

In my country since there are cases of bitcoin malware with the increasingly make bad bitcoin image in the eyes of the people.i Hope in your country is not so and hopefully the future of people's view about bitcoin getting better...

the crime is sure to happen on the internet because now it is sophisticated and easy to happen crime, with bitcoin also accessed via sosmed may also easily happen crime in bitcoin i have not understood about this

Kakmakr

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You have to ask yourself this question, "Is the technology to be blamed or the people doing these crimes?" The technology is getting the bad reputation for people who are using it for these crimes.

If someone hack a notebook and use the built-in webcam to take nude pictures of a women and then transfer those images over the internet to his own computer and then ask a ransom from that women not to publish those pictures online, would you blame the notebook manufacturer or the internet that was used to transfer the images or the person doing this?

Do not blame the technology for the people doing the crimes. < What did they use before Bitcoin? Answer : Cash or PayPal or credit cards >

Nanda Dewi277

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Quote from: Celsiuss on August 09, 2017, 06:53:48 PM

There has always been crime, and bitcoin is often used in crime on the internet. It has created a bad image of bitcoin, but om glad that at least in my country, the media covers only the positive parts of bitcoin

many scams going on Bitcoin, web Scam, ico Scam and other deceptive investment. Many people get stuck in it so they lose their money.

The good news about Bitcoin has spread and I sure Bitcoin will always increase.

Celsiuss

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There has always been crime, and bitcoin is often used in crime on the internet. It has created a bad image of bitcoin, but om glad that at least in my country, the media covers only the positive parts of bitcoin

Topic: Bitcoin and crime... - page 3. (Read 1883 times)