We know Bitcoin to be the first digital currency on the web, and it's been linked to criminal activities before. Bitcoin will likely be used for criminal activities in the near future too, and Bitcoin is not untraceable completely, meaning you can still be traced if you're not careful with the sensitive info you post online....!!!!
Topic: Bitcoin Are Now Used in Crimes - page 2. (Read 13114 times)
Bitcoin now is very useful but now many people are abusing it and they use btc for scam,crimes and other bad influences.And i know that until today btc is now spreading and they are using these btc for crimes and for their own.They didnt think what will happen next if they do this crimes that involves btc.we should be aware of those crimes that involves btc.
A lot of people might be using Bitcoins for crimes but this happens with other forms of payment as well.
I think nothing if perfect and i hope there is a way in future to prevent bitcoin used for crimes. And If this is criminal activity then we all criminals if government this like that.
The early, early adopters of bitcoin are actually the underground organizations - as they need something of value that is easily tradeable and trustless in exchange for good or services.
Check Silk Road history here: https://en.wikipedia.org/wiki/Silk_Road_(marketplace)
Yes it is true when I first search about bitcoin it was really connected to the Deep Web or Dark Net,Check Silk Road history here: https://en.wikipedia.org/wiki/Silk_Road_(marketplace)
And it is used for buying some illegal stuff back there but I guess any currency could be used for crimes ,
I mean they are also using Fiat to buy some illegal stuff's so there is nothing new to this ,
Except that maybe in Crypto-currency it is much more easier to do because of the anonymity of the user.
Due to it's nature and untraceability Bitcoins have always been used for crimes. As long as it acquire this characteristic it will be used for crime purposes. By bitcoun you can buy drugs, weapons, fake identities ...
But lets be real You can make the same crimes with USD.The problem isn't with Bc it is with people.
But lets be real You can make the same crimes with USD.The problem isn't with Bc it is with people.
Yes it is also used in crimes.
Crime is like science it has many branches, some people do many unnecessary things, I'll activities that they do not it is a crime already, like buying videos on porn sites, creating fake applications to mine and generate bitcoin but their purpose is to steal password and have access to their accounts.
Crime is like science it has many branches, some people do many unnecessary things, I'll activities that they do not it is a crime already, like buying videos on porn sites, creating fake applications to mine and generate bitcoin but their purpose is to steal password and have access to their accounts.
No one can denies the fact that bitcoin and other cryptocurrencies is and will be use for crime just like every other traditional currencies are use for crime also, but bitcoin has provided criminals the opportunity to carry out they transactions dark market with total freedom without trance and buying of drugs arms and laundering money is now very easy with bitcoin and the other cryptocurrencies. Is very difficult or almost impossible to prevent this from happening due to the decentralized nature of bitcoin.
bitcoin has been linked to criminal activities and this is not a revelation. Bitcoin will probably continue to be used for criminal activities in the future 
The early, early adopters of bitcoin are actually the underground organizations - as they need something of value that is easily tradeable and trustless in exchange for good or services.
Check Silk Road history here: https://en.wikipedia.org/wiki/Silk_Road_(marketplace)
Check Silk Road history here: https://en.wikipedia.org/wiki/Silk_Road_(marketplace)
Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
Actually it is not new, Bitcoin is using in darkweb since before, commonly in many illegal transactions. It was existing since before, before it booms in web and before being widely known in public.
Today, since we and our government are already aware in this happenings, I am hoping that we can address that problem and get rid of those criminals.
Everything related or involved with money can be used for crime. Bitcoin is also a target, with its high value and untrackable transactions, no wonder people are using it for crimes. But this only ruins the name of bitcoin, hope people would stop doing crimes and try to understand bitcoin more(they can also earn here).
Since bitcoin is a crypto currency which is running on decentralized network system, Bitcoin has not central authority, therefore, we can’t prevent huge amount of bitcoin’s crime committed. I have seen crimes such as scams, gambling, etc. Also, bitcoin have taken the place of money, bitcoin is also used to fee the cost of gun dealing, drug dealing too. Some governments are going to legislate bitcoin, if it is done, crimes will decrease in future.
Every monetary items are used in crime, Like gold, silver and every payment system mobile banking normal banking I mean to say each and every exchange systems are used to complete a crime, which is easy to operate a crime bad people immediately choose that medium.
Bitcoin is used for gambling or crime. dark web and bitcane are used. Bitcoin is basically not for these, it is easy to make transactions easier and safer. Who is using the work is completely their case.
I first learned and heared about bitcoin while doing research on the dark web. Bitcoin was and I beleive still being used as the most popular means of payment in doing illegal transactions on the dark web. But anything in this world can be used on crime lets face it. Should we ban knives because criminals are using it? No, its up to the authorities to do their job. Don't blame everything on bitcoin.
if I think it depends on each individual person.
if he every day his behavior and moral ugly it can happen gan asik his assets for happy that in banned religion and state.
if his morale is good then he will use for a positive like helping people who can not afford ...
if he every day his behavior and moral ugly it can happen gan asik his assets for happy that in banned religion and state.
if his morale is good then he will use for a positive like helping people who can not afford ...
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.
Anonymity is indeed a feature of Bitcoin, both advantages and disadvantages, its user community is bitcoin anonymous, but some governments or countries is very difficult to accept, in fact, many criminal activities or need anonymity There will be some more anonymous currencies, such as Monroe, Dart and so on
The title of this thread os wrong - only 1% of bitcoin transactions have been found to be criminal:
http://bitguru.co.uk/most-bitcoin-transactions-are-not-used-for-money-laundering/
And that's because it's easy to track people via the public ledger. Most criminals prefer Monero because that is genuinely untrackable.
http://bitguru.co.uk/most-bitcoin-transactions-are-not-used-for-money-laundering/
And that's because it's easy to track people via the public ledger. Most criminals prefer Monero because that is genuinely untrackable.
It's no different to people using fiat money as a medium for drug trafficing and prostitution, the only difference is that bitcoins costs way much and is untraceable after transaction.Everything is used in crimes. gold, fiat, crypto, cash, wires, banks, dont think you can FUD bitcoiun with comments like that my friend.
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