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Topic: Bitcoin Are Now Used in Crimes - page 18. (Read 13114 times)

member
Activity: 208
Merit: 12
December 08, 2017, 12:22:10 PM
It means nothing. Everything could be a tool of crime. But we can't forbid everything. Bitcoin is not a reason but only a tool of criminals, just like dollars, guns or anything else.
sr. member
Activity: 463
Merit: 250
December 08, 2017, 12:14:42 PM
This is one for the bedtime reading if its late. Ross Ulbricht: Silk Road – The Theatrical Version, Funded by Bitcoin, to Debut in London
http://bitcoin-bug.com/2017/12/05/silk-road-theatrical-version-funded-bitcoin/
For a short time if we start thinking that why bitcoin is here so I’m sure that bitcoin will be stop using in any crime because bitcoin is here to help us and its helping to humanity around the world so it’s something very bad that people start using bitcoin in crime so stop using bitcoin in crime and start hard work here and make a good income from bitcoin some people are using bitcoin in different charity and some of the people are donating it which is a good thing so be like them.
money and gold and guns are supposed to help us but they are all abused.
If the world is peaceful and there is no crime, we do not need to use guns to keep safe our life. Guns are an invention used to solve a problem in the direction of violence, which is not good when we can use it for other things or simply to serve sports.
member
Activity: 112
Merit: 10
December 07, 2017, 11:46:45 PM
Today, bitcoin began to 20K, for the use of bitcoin and I think this can be understood, bitcoin itself is not a crime, but the key to the use of bitcoin is not bad. It seems as if paper money is legal, but some people use paper money to buy weapons and drugs, and it is impossible to understand that it is paper money to do so.
member
Activity: 79
Merit: 12
December 07, 2017, 11:38:49 PM
Yes bro. bitcoin is big potential to used in crimes because you can hide or keep the virtual money as long as you can, you can transact anonymously to the group of people who are planning to do some shit to our society. and i really amazed the value of bitcoin now that why many people used them whether is good or bad, we cannot blame some people if they use it in crime it depends on where we are going to use it.
member
Activity: 406
Merit: 10
December 07, 2017, 02:29:12 AM
Bitcoin is the first digital currency.it has strong value.its power is so high.I think not exactly bitcoin use  in crime,crimer always do crime in any ways.
full member
Activity: 952
Merit: 107
December 06, 2017, 03:47:35 PM
actually I just saw it on a documentary. they may be using anonymous bitcoin transactions, so they can make transactions for criminals freely. but for now, it may be tracked if there is no mixer inside.

I think its already happen a long time, in the more deep web, you can easily found that this bitcoin is become the main currency for crime transaction.
Like, trade for gun, drugs, even human.

This is insane but its real
It could really in illegal doing because every transactions done without knowing who that person is. It hides the identity of the person who use it that is why it is hard to track who made the crime. The government had nothing to do with it but if happen in particular country,  that country may ban to use bitcoin anymore. Because there are lot of profit from investing in bitcoin some user abusively used it in wrong way.
member
Activity: 574
Merit: 11
December 06, 2017, 03:37:38 PM
Is there decision how control money and crime? I think NO. Crime uses fiat money too and funny moment there is fiat money fully controlled by countries banks, regulations.
member
Activity: 182
Merit: 20
December 06, 2017, 03:35:14 PM
This is one for the bedtime reading if its late. Ross Ulbricht: Silk Road – The Theatrical Version, Funded by Bitcoin, to Debut in London
http://bitcoin-bug.com/2017/12/05/silk-road-theatrical-version-funded-bitcoin/
For a short time if we start thinking that why bitcoin is here so I’m sure that bitcoin will be stop using in any crime because bitcoin is here to help us and its helping to humanity around the world so it’s something very bad that people start using bitcoin in crime so stop using bitcoin in crime and start hard work here and make a good income from bitcoin some people are using bitcoin in different charity and some of the people are donating it which is a good thing so be like them.
money and gold and guns are supposed to help us but they are all abused.
member
Activity: 154
Merit: 20
December 06, 2017, 02:48:32 PM
The company and management of bitcoin do not promote and tolerated this kind of activity. The company will provide enough sercurity to avoid and monitor these;
furthermore they will provide actions under the jurisdiction of the law.
All the fiat currencies are used for criminal activities for drug dealings, money laundering and duplicating money you one cannot only blame bitcoin technology,i think it can be handy or help full for criminals for doing transaction without any verification in other words  we can say that it gives opportunity to criminals for doing criminal acts.because through this way they don,t need to take money in their bags .they only need to transfer from one btc address to another.which is easier.
hero member
Activity: 682
Merit: 540
December 06, 2017, 02:45:51 PM
I heard that criminals are using oxygen to produce energy with in their bodies. I hope the government gets some regulation on this asap
member
Activity: 84
Merit: 10
December 06, 2017, 02:40:38 PM
Bitcoins have always been used for crimes. You can look back and see for yourself ie. Silkroad. I suspect that any time will change soon, but it does not have to be a reason for people who do not accept Bitcoins. I see people who make this argument all the time. You can argue the same that the US has been used for crimes, but it does not stop people from using it
full member
Activity: 168
Merit: 101
December 06, 2017, 02:39:24 PM
The company and management of bitcoin do not promote and tolerated this kind of activity. The company will provide enough sercurity to avoid and monitor these;
furthermore they will provide actions under the jurisdiction of the law.
world is modernized and running from digital phase day by day with the passage of time.Crimes are now being smart in many ways. Because this is one issue why some government are having doubts on adopting bitcoin. In a way we all are making illegal transaction because bitcoin is virtual. And if the government can't control it, they will just acknowledge it as illegal. Bitcoin is becoming a multi-million dollar investments and there are more internet protocols to be followed than before.through this way we can say that it need to be legalized and and proper method also need for this system .through this way crimes can be less with the help of bitcoins.
member
Activity: 112
Merit: 10
December 06, 2017, 02:34:52 PM
I think US dollars is still the dominant currency in crimes lol.
newbie
Activity: 184
Merit: 0
December 06, 2017, 02:31:35 PM
This is one for the bedtime reading if its late. Ross Ulbricht: Silk Road – The Theatrical Version, Funded by Bitcoin, to Debut in London
http://bitcoin-bug.com/2017/12/05/silk-road-theatrical-version-funded-bitcoin/
For a short time if we start thinking that why bitcoin is here so I’m sure that bitcoin will be stop using in any crime because bitcoin is here to help us and its helping to humanity around the world so it’s something very bad that people start using bitcoin in crime so stop using bitcoin in crime and start hard work here and make a good income from bitcoin some people are using bitcoin in different charity and some of the people are donating it which is a good thing so be like them.
member
Activity: 364
Merit: 10
December 06, 2017, 09:17:55 AM
actually I just saw it on a documentary. they may be using anonymous bitcoin transactions, so they can make transactions for criminals freely. but for now, it may be tracked if there is no mixer inside.

I think its already happen a long time, in the more deep web, you can easily found that this bitcoin is become the main currency for crime transaction.
Like, trade for gun, drugs, even human.

This is insane but its real
sr. member
Activity: 699
Merit: 438
December 06, 2017, 09:03:51 AM
The company and management of bitcoin do not promote and tolerated this kind of activity. The company will provide enough sercurity to avoid and monitor these;
furthermore they will provide actions under the jurisdiction of the law.
hero member
Activity: 3080
Merit: 603
December 05, 2017, 04:59:00 PM
actually I just saw it on a documentary. they may be using anonymous bitcoin transactions, so they can make transactions for criminals freely. but for now, it may be tracked if there is no mixer inside.

My guess is that there's people out there trying to decipher some sort of code to try and track the criminals. However wouldn't they just be able to do this through their IP and active computer and device monitoring anyway?
I don't know how FBI works but remember on how did someone tracked silkroad and shuts it down. I watched a video related to it that the owner of that marketplace is also here in forum and the simple guy from the FBI did researched all of the things throughout the entire forum since bitcoin is the currency they used there. I'm not that much knowledgeable when it comes to these things, I just watched it.
That video that you are trying to say is a very great work by the FBI personnel because he just roam around and keep joining forums and doing a lot of research to finally find out who is behind the marketplace of silkroad until he find out the IP address and locate it and get the person behind silkroad and that is not the only time where bitcoin is being used in crimes because maybe for simple or small transactions, bitcoin is being used illegally.

I get that, what other crimes do you think they are being used for? Maybe offline personal transactions for deals etc etc??
Offline personal transactions? Bitcoin can't be used that way, it needs internet to deal with someone and confirmations will just happen if there is an internet connection through miners. And besides that's the sole purpose of bitcoin, to have anonymous transaction. Think of anything that bitcoin can be used for since it's up to the user if they'll use it for good deals or bad deals. But today, there are altcoins that are promoting more of anonymity and they are not into bitcoin, so today bitcoin is being used more in good deals.
newbie
Activity: 15
Merit: 0
December 05, 2017, 01:15:07 PM
This is one for the bedtime reading if its late. Ross Ulbricht: Silk Road – The Theatrical Version, Funded by Bitcoin, to Debut in London
http://bitcoin-bug.com/2017/12/05/silk-road-theatrical-version-funded-bitcoin/
full member
Activity: 350
Merit: 100
December 05, 2017, 09:51:11 AM
All the fiat currencies are used for criminal activities for drug dealings, money laundering and duplicating money so no one can blame bitcoin technology, in other words it is tougher to do criminal activities with bitcoin than traditional currencies as the bitcoin network is on the mark of police investigation after the wannacry ransomware attack worldwide. Duplication of bitcoin is not possible unlike traditional currencies
full member
Activity: 228
Merit: 100
GIF by SOCIFI
December 05, 2017, 09:22:10 AM
Being on the light side..that’s good, It shows that Bitcoin is widely accepted.

However, it’s not only about Bitcoin that is being used for Crimes but all other things like currencies -crypto or otherwise, valuables, hard money, gold etc. are used in crimes as payment or mode of surety.

Bitcoin can be used more frequently because no regulatory obligations are involved in the transactions. And, on the other hand, one can use it anonymously without fear of being caught.
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