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Topic: Bitcoin Are Now Used in Crimes - page 20. (Read 13114 times)

hero member
Activity: 2590
Merit: 644
December 05, 2017, 04:57:08 AM
Of course bitcoins used in crimes now, because you can't track any transaction, it is impossible. But bitcoin is not panacea, any fiat money used for crimes too not less than in bitcoin!
Bitcoin is just a currency and almost all the currencies are being used to do some crimes or to do some illegal transaction because they know that they can have a way to make undetectable transactions because of the possible cover of the anonymity. Bitcoin is being used back in the days but right now, it is more on an investment and not an option to do some crimes.
member
Activity: 378
Merit: 11
December 05, 2017, 04:47:53 AM
Hackers sent a malicious ware ( a ransomware) that practically locked up the files in the user's PC. They requested for btc to release the files.
Talk of putting knowledge to evil use.
sr. member
Activity: 616
Merit: 251
December 05, 2017, 04:41:11 AM
Of course bitcoins used in crimes now, because you can't track any transaction, it is impossible. But bitcoin is not panacea, any fiat money used for crimes too not less than in bitcoin!
newbie
Activity: 9
Merit: 0
December 05, 2017, 04:37:57 AM

very well indeed because recently a friend kelabangan bitcoin in the amount very much
newbie
Activity: 42
Merit: 0
December 05, 2017, 04:37:13 AM
In countries with high level of crime - everything is used for crime, so it is not a bitcoin problem. It is humanity problem.
member
Activity: 85
Merit: 10
December 05, 2017, 04:35:39 AM
Dollars always used in crimes. Ban dollar Grin
full member
Activity: 228
Merit: 100
December 05, 2017, 04:32:54 AM
On a unrelated news, money is being used for crime, fraud, and so on since the time of it's inception...
full member
Activity: 770
Merit: 113
December 05, 2017, 04:30:17 AM

Yeah, Some of the people use Bitcoin to conduct their criminal activities because they can make their transactions without any identities
Yes, actually bitcoin is not full anonymous the transaction of bitcoin can be tracked and many people who used fiat money to crime activities, money laundrying is one of them and the numbers of it more large than the bitcoin or other digital coins, because of some people who used bitcoin in illegal activity doesn't mean bitcoin is bad and it must be blamed and banned. More than it shoud the people learn more about the bitcoin, the technology behind of bitcoin and any other new technology of digital coins. Unfortunately there are no many people can see it, especially the government of countries.

yap, more precisely pseudonymous. the bitcoin transaction is not completely anonymous. each user is free to choose whether his or her identity is to be displayed or not. All the transactions ever made and the Bitcoin balance that a person possesses we can see if the person allows.
it must be understood that it is not the bitcoin that leads to evil, but the person who uses it.
member
Activity: 154
Merit: 10
December 05, 2017, 04:17:33 AM
right now bitcoin is used for crime and I also heard that there is virus spread and ransom demand with bitcoin and there are other crimes that make sales using bitcoin, they use bitcoin because they think bitcoin is safe and difficult to trace but is wrong and harmful to many person

Why it's wrong and harmful?
full member
Activity: 644
Merit: 101
December 05, 2017, 04:15:14 AM
We can't stop this kind of activity because this is one of the features of bitcoin. We don't know what activity they are doing in those transactions. At least we have privacy in our transaction keeping us safe to those trackers.
MRY
full member
Activity: 560
Merit: 109
December 05, 2017, 04:03:46 AM
right now bitcoin is used for crime and I also heard that there is virus spread and ransom demand with bitcoin and there are other crimes that make sales using bitcoin, they use bitcoin because they think bitcoin is safe and difficult to trace but is wrong and harmful to many person
member
Activity: 154
Merit: 10
December 05, 2017, 04:02:25 AM
Whehehel that was one of the main points in BTC -- privacy. It's ideal for crimes: no traces, no regulation, no punishment. It's obvious that BTC is used for crimes all over the world and nobody can do anything with that.
full member
Activity: 560
Merit: 180
I'm Matured Now
December 05, 2017, 03:58:38 AM
On the world of internet you can do anything as you cant control the whole section.bitcoin is a vast thing.we all have claimed before that nobody can destroy it.so also nobody can fully control it.people will take any invention in good or bad both of ways.so if they are using it for the sake of crime we should not pull that issue.and this was my opinion.
hero member
Activity: 1372
Merit: 503
December 05, 2017, 03:57:15 AM
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.

FOr starters almost everythig can be used for ellegal purposes or for criminality. Even paper money or the cards even the very protection that we use can be used against us and it is no wonder that crypocurrency or bitcoin is being used for this kinds of things
member
Activity: 112
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December 05, 2017, 03:54:33 AM
Indeed, criminals use anonymity bitcoin with this nothing to do: (
member
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BITDEPOSITARY - Make ICO's , More Secure
December 05, 2017, 02:00:07 AM

Yeah, Some of the people use Bitcoin to conduct their criminal activities because they can make their transactions without any identities
There are many people who do money loundering using bitcoin, its not good for bitcoin image. People can use bitcoin mixer to do money loundering. But bitcoin is mostly used in cryptomarket and online shop now, the number of criminality that using bitcoin is decrease.
sr. member
Activity: 658
Merit: 274
Wish for the rain? Then deal with the mud too.
December 05, 2017, 01:59:24 AM
Yes! You are on point, bitcoin had been used in such crime before bitcoin became  popular as popular as it is now. Such crime using bitcoin as an exchange to do some unfavorable things had been discovered by government and put some action towards it, the government sealed the problem, and the atmosphere between bitcoin and the government had been at ease. As of now, I don't see such things that bitcoin became involved in such crimes. Because if bitcoin had, probably I'd be able to see it from news. But there is a possibility that bitcoin can be used for crimes now, first one is that because bitcoin has so much value than before and continues to grow up that everyone can pay people to do some unlawful job. Money is everything to people, people are blinded by money and money for them is worth more than there own life because they possibly think that money will bring them to the paradise they have been always dreaming.
sr. member
Activity: 448
Merit: 250
https://saturn.black
December 05, 2017, 01:56:18 AM
On the Internet this is a normal situation, especially when there is no control behind it and you can perform any operations without tracking. The main thing is to do it cleverly and not to cause suspicions, and then even no one will guess about your intentions.
hero member
Activity: 966
Merit: 552
December 05, 2017, 01:53:29 AM

Yeah, Some of the people use Bitcoin to conduct their criminal activities because they can make their transactions without any identities
Yes, actually bitcoin is not full anonymous the transaction of bitcoin can be tracked and many people who used fiat money to crime activities, money laundrying is one of them and the numbers of it more large than the bitcoin or other digital coins, because of some people who used bitcoin in illegal activity doesn't mean bitcoin is bad and it must be blamed and banned. More than it shoud the people learn more about the bitcoin, the technology behind of bitcoin and any other new technology of digital coins. Unfortunately there are no many people can see it, especially the government of countries.
member
Activity: 84
Merit: 10
December 05, 2017, 01:43:04 AM

Yeah, Some of the people use Bitcoin to conduct their criminal activities because they can make their transactions without any identities
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