Bitcoin Are Now Used in Crimes - page 11.

SkyFlakes

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Quote from: jakirtanvir on October 09, 2017, 07:19:22 PM

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

You know if thats the case this should be solved early cause this might affect the insights of the people towards Bitcoin ,yes its not the oirpose of the Bitcoin but the fact that Bitcoin allows this to happened will threaten also this platform, this is not a good thing for a newly sprout system like this, dangerous.

Teskje

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Bitcoin was used for trading crimes at the first time due to the anonymous but after all they know it's a good feature anyway. I think everything isn't good or bad, just how you're using it for will turn it into that way.

hernandezrnh

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Since we can anonymously transact with other person using bitcoin as payment, it may lead to crime like buying drugs and other illegal transactions. It was being used nowadays in the dark web, bitcoin as mode of payment.

ace4549

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There is no doubt that it may happen. All criminals will use all things to earn dirty moneys which are the company and management of bitcoin strictly prohibits this kind of illegal activities.
They have coordination with the local government to stop and monitor these illegal acts.

JTEN18

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Quote from: jaaeeeyyyy on December 27, 2017, 10:34:08 AM

One of the disadvantage of bitcoin is its untraceable, the only thing it can be able to give is the recepient's address and the sender address , time and date of transaction so its very easy to use in crime like staffa , ransom and block mailing. Its being taken advantage by criminals who has access on computer and knowledge about cryptocurrency but its minimal and most of bitcoin users has a good way of dealing with it.

Maybe that is one of the reason why bitcoin can be use in scamming people since it can easily use by everyone without any further evidence in case of investigation since btc is anonymous that is also the main reason why most of the countries don't like bitcoin to enter their territory.

iamryan

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Real money also used for crime .. you can also use anything for crime like gold .. so bitcoin not a different ..

Its secure . and you can do it anonymously ...

jbarrera05

newbie

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yes because bitcoin is now popular nowadays. so other will use it for scams, etc. to all bitcoiners think before you click Cheesy

Kiiti1

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Yes... It was first used widely by hackers for medium of exchange of information

jaaeeeyyyy

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One of the disadvantage of bitcoin is its untraceable, the only thing it can be able to give is the recepient's address and the sender address , time and date of transaction so its very easy to use in crime like staffa , ransom and block mailing. Its being taken advantage by criminals who has access on computer and knowledge about cryptocurrency but its minimal and most of bitcoin users has a good way of dealing with it.

thebanker28

sr. member

Activity: 303

Merit: 250

I find the best think to counteract anyone who complains about Bitcoin being used by criminals using bitcoin, is to remind them that long before bitcoin, criminals used cash, and cars and phones - and we never banned those. Criminals also use the internet - we dont ban that, they eat at restaurants, we dont ban that?

cloud.runner

newbie

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So, ZCash will be more and more popular?

cyptosunny

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the payments are untracable so this is the best option for the criminals to make online purchases for the crimes by bitcoin and hide the amount what they have in black in form of bitcoin so that no body can claim to say it black because bitcoin is totally a pure white new tech liked by most of the people around the globe

_Mikasa_

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Of course it is. Transactions using bitcoin are untraceable. You remain anonymous for every transactions thats why bitcoin is convenient to use as a payment for something illegal like drugs.

Gheka

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Quote from: Pakboy on December 25, 2017, 11:44:30 AM

It is normal that bitcoin is using in many crimes because bitcoin is a money. I know that we all are aware that money is the root of evil! It is one of the disadvantage of bitcoin because it can use in different crimes.

Bitcoin has so many great features to help illegal activities and crime occur easily and more convenient, that makes the criminals prefer to use bitcoin more than ever, everyone wants to be rich, no one wants to be poor and want to get rich quickly can only do illegal things. We can not say this is the disadvantage of Bitcoin because without these features, we would not be able to make a lot of money from bitcoin, if not used easily for crime, bitcoin will not be supported and pump the price as strong as it is now

BossMacko

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Well that is the bad side effect of Bitcoin that we cannot do anything since transaction are anonymous and untraceable. Majority of the users still are in good sides anyway. Also any currency like usd,php even alt coins can be used in crimes so it really does not matter.

kaizie

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Yes it sad to say but bitcoin is used in crimes. They used the name of bitcoin to cheat people just to get some money on them. They do scam can hack your account and also to buy drugs. Because the transaction is hard to trace. So it's hard for the police to catch them.

Travel Token

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Quote from: bitfocus on December 27, 2017, 07:13:46 AM

Money is used in crime, drugs, extortions, blackmailing since the circulation of paper money. Is that money's fault? of the fault of some wrong-headed criminals? Bitcoin is just another money, crypto-money - bit drug or crime money.

I agree. Bitcoin are used in criminal as well as conventional money. There are of course some differences, but in result it is the same thing. There is no criminal without money.

teejaymuna

newbie

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Yes, Bitcoin is being used for crime and it increases the already heightened global crime levels. Sad thing is, there's not so much that can be done about it, at least at the moment. Fiat currencies are also used to perpetrate crime as well so this shouldn't be over whipped. Though crime rate with Bitcoin is high, for me it does more good than harm in terms of money decentralization and profit making, among others.

bitfocus

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Money is used in crime, drugs, extortions, blackmailing since the circulation of paper money. Is that money's fault? of the fault of some wrong-headed criminals? Bitcoin is just another money, crypto-money - bit drug or crime money.

raziplab92

newbie

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That is main reason most of Governments dnt support bitcoin and considering it ilegal because you dnt have to pay taxes on your bitcoin property.No one can investigate where you got that all money and from which sources.Big wheels are using it for money laundering and ilegal purposes.

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