Criminals are using it already, the biggest organization of criminals are ISIS. that is how they are funded through Bitcoin because digital currency is very hard to trace specially if you're using many network transfer and end up all to the same recipient. They can buy anything without regulations.
Crimes are everywhere, it happen that they use bitcoin as a tool to create a illegal activities, because of bitcoin anonymity they use to hide their illegal transaction. Also they use it to protect their true identity and to they cannot be trace by law enforcers. So that is the primary disadvantges of bitcoin and many more.
Topic: Bitcoin Are Now Used in Crimes - page 25. (Read 13114 times)
Even the internet is used for crimes far worse,
I guess my point is it depends on how you use
a particular service. Just because it is used in
crimes or money laundering doesn't mean it
should not be used.
But instead we should place checks on it or
further strengthen it to minimize the crimes.
I guess my point is it depends on how you use
a particular service. Just because it is used in
crimes or money laundering doesn't mean it
should not be used.
But instead we should place checks on it or
further strengthen it to minimize the crimes.
Criminals are using it already, the biggest organization of criminals are ISIS. that is how they are funded through Bitcoin because digital currency is very hard to trace specially if you're using many network transfer and end up all to the same recipient. They can buy anything without regulations.
Crimes are everywhere, it happen that they use bitcoin as a tool to create a illegal activities, because of bitcoin anonymity they use to hide their illegal transaction. Also they use it to protect their true identity and to they cannot be trace by law enforcers. So that is the primary disadvantges of bitcoin and many more. 
People will always find ways to launder money, what im worried about is the next major attack that is discovered to be financed by using the anonymous nature of bitcoin. One of those and this house of cards will come tumbling down overnight, with overzealous politicians creating all types of laws soon to follow....at least that is how it will play out in the US, guaranteed.
I think it’s not good if someone is using bitcoin for crime or for any other bad things because bitcoin is here to help us if you study bitcoin you will learn such a good things about bitcoin so I think we need to use bitcoin for good things such as in charity or donate bitcoin to any organization which are going to help people.
there are pros and cons to crypocurrency..so the law enforcement people need to work harder i suppose..
We all knew that bitcoin is an open source to anyone where each individuals are free to decide of were they like to use it. So if the users is corrupt people He can use bitcoin in any form of illegal transaction in terms of giving payment because it is anonymous or pseudonymous.
Today I have read news about a hack and a scam. I don't know if Bitcoin was involved, but the hack was about $30 million worth of USD Tethers and the scam involved an ICO called Confido, leaving investors with worthless tokens after raising over $300,000.
Bitcoin is ordinary money. Money is also part of many crimes
Criminals are using bitcoins for crime Maybe because bitcoin is an online currency which is that someone may use it anonymously. 
There is no clear evidence of use of bitcoin by criminals. But we can guess the case is otherwise. The only thing i have heard is bitcoin transactions can be traced even to north korea. 
Criminals are using it already, the biggest organization of criminals are ISIS. that is how they are funded through Bitcoin because digital currency is very hard to trace specially if you're using many network transfer and end up all to the same recipient. They can buy anything without regulations.
Bitcoin is the form of currency and money can be used for everything it is not only attached with the crime it is money if a person is criminal they will use this for crime while the businessman will use this for other good purposes. The aim of bitcoin is to use this for online payments across the boarders and for many other transactions as well. If I say I am using this for ordering online pizza for family etc etc.
if I think so, everyone must have their own thoughts. if the person holding the bitcoin is a criminal, then bitcoin will be used for criminal. if the person holds bitcoin, the possibility of bitcoin will be bad among the community. different if the bitcoin holds the bitcoin. then bitcoin will be good.
Bitcoin is the form of currency and money can be used for everything it is not only attached with the crime it is money if a person is criminal they will use this for crime while the businessman will use this for other good purposes. The aim of bitcoin is to use this for online payments across the boarders and for many other transactions as well. If I say I am using this for ordering online pizza for family etc etc.
Bitcoin was , is and will be used for illegal pourpuses their entire life. You havent heard about the now sized Silk Road black market ? Were you was able to purchase drugs, hire assasins and another bunch of things like buying guns, slaves etc...
same goes with every other currencies, humans will always find a way to use their resources to something negative. Whether it be bitcoin or other form of currency throughout the history of mankind humans have been doing thing out of greed or power. Silk road and blackmarket flourished online because it is hard to be traced and that was when bitcoin get caught up on its endless loop.
In the first place, bitcoin originally used in black market to transact illegal activities due to its anonymity to users. Precisely there are something happen in the forum that we don't know, Maybe porno's and laundering. But we can't foretell how they do it.. Its only my speculation..
Bitcoins are just that good of a technology since transacting with it is untraceable and police can ice you out because they don't know where the bitcoins came from. Crime sprees and hackers will take advantage of this feature and make cyber crimes much more achievable and easy.
There are really crimes that uses bitcoin as mode of payment transactions. It is currently circulating which gives headaches to authorities. Very soon, the corrupt government officials will use bitcoin to hide their indentity and avoid being caught.
Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. As recently as 3 years ago, it seemed that anyone could buy or sell anything with Bitcoin and never be tracked, let alone busted if they broke the law. “It’s totally anonymous,” was how one commenter put it in Bitcoin's forums in June 2013. “The FBI does not have a prayer of a chance of finding out who is who. 
The Federal Bureau of Investigation (FBI) and other law enforcement begged to differ. Ross Ulbricht, the 31-year-old American who created Silk Road, a Bitcoin market facilitating the sale of $1 billion in illegal drugs, was sentenced to life in prison in February 2015. In March, the assets of 28-year-old Czech national Tomáš Jiříkovský were seized; he’s suspected of laundering $40 million in stolen Bitcoins. Two more fell in September 2015: 33-year-old American Trendon Shavers pleaded guilty to running a $150 million Ponzi scheme—the first Bitcoin securities fraud case—and 30-year-old Frenchman Mark Karpelès was arrested and charged with fraud and embezzlement of $390 million from the now shuttered Bitcoin currency exchange Mt. Gox.
The majority of Bitcoin users are law-abiding people motivated by privacy concerns or just curiosity. But Bitcoin’s anonymity is also a powerful tool for financing crime: The virtual money can keep shady transactions secret. The paradox of cryptocurrency is that its associated data create a forensic trail that can suddenly make your entire financial history public information.
The Federal Bureau of Investigation (FBI) and other law enforcement begged to differ. Ross Ulbricht, the 31-year-old American who created Silk Road, a Bitcoin market facilitating the sale of $1 billion in illegal drugs, was sentenced to life in prison in February 2015. In March, the assets of 28-year-old Czech national Tomáš Jiříkovský were seized; he’s suspected of laundering $40 million in stolen Bitcoins. Two more fell in September 2015: 33-year-old American Trendon Shavers pleaded guilty to running a $150 million Ponzi scheme—the first Bitcoin securities fraud case—and 30-year-old Frenchman Mark Karpelès was arrested and charged with fraud and embezzlement of $390 million from the now shuttered Bitcoin currency exchange Mt. Gox.
The majority of Bitcoin users are law-abiding people motivated by privacy concerns or just curiosity. But Bitcoin’s anonymity is also a powerful tool for financing crime: The virtual money can keep shady transactions secret. The paradox of cryptocurrency is that its associated data create a forensic trail that can suddenly make your entire financial history public information.
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. Sgovernmenthe 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.
Bitcoins can be used in crime even before so nothings new with it, especially in the deep web before I knew about this forum I thought bitcoins are just used to transact to buy some illegal fruga illegal things or even to hire a hitman because it is decentralized which means government donnot know about those transaction that are happening and they cannot also tract those transactions because bitcoins are untraceable so yeah before you even know bitcoins they are pretty kuch ised for bad things so nothings new with it.
You're right, there's nothing new about it, bitcoin has been used in crime since 2010 I guess. It is decentralized and the transactions are irreversible and it can be a way to commit crimes without getting caught by the government easily.
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. Sgovernmenthe 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.
Bitcoins can be used in crime even before so nothings new with it, especially in the deep web before I knew about this forum I thought bitcoins are just used to transact to buy some illegal fruga illegal things or even to hire a hitman because it is decentralized which means government donnot know about those transaction that are happening and they cannot also tract those transactions because bitcoins are untraceable so yeah before you even know bitcoins they are pretty kuch ised for bad things so nothings new with it.
Well people have their own will on where they will used BTC but the sad thing is, they didn't think about the consequence it can cause and didn't think about not wasting it in crimes instead use it in good things.
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