Topic: Bitcoin Are Now Used in Crimes - page 26. (Read 13114 times)
Yes,the bitcoin is may used in crimes. Because they can buy and sell anywhere in the world because it is untraceable and the important point is it is decentralized.. So they can use it.
Of course, it is used by a criminal! It's anonymous they said! People who have malicious intent for malicious deed will consider this for sure! Like hey I want to buy some drug, let go to silkroad because we don't need to show up virtually!
Okay all of criminal things always happen in any form, people used to pay in fiat to do bad things, but now changes with bitcoin and they stupid enough to believe bitcoin is an anonymous thingy.
Okay all of criminal things always happen in any form, people used to pay in fiat to do bad things, but now changes with bitcoin and they stupid enough to believe bitcoin is an anonymous thingy.
It seems silly to link Bitcoin with Crime.
If we go by that logic, cash should be outlawed because criminals are using it for all kinds of activities.
I believe that everyone has a freedom of speech, and my money talks.
A currency should not be judged by who uses and for what, but rather for it's usefulness.
If we go by that logic, cash should be outlawed because criminals are using it for all kinds of activities.
I believe that everyone has a freedom of speech, and my money talks.
A currency should not be judged by who uses and for what, but rather for it's usefulness.
Bitcoin certainly is used in crimes, but guess what? So is fiat.
As with any new technology, those inclined to do so will find ways of using it illegally to their benefit. That's why i think a little bit of regulation in the cryto space isn't necessarily a bad thing...as long as it provides additional security & improves the reputation of cryptocurrency without being too overbearing.
As with any new technology, those inclined to do so will find ways of using it illegally to their benefit. That's why i think a little bit of regulation in the cryto space isn't necessarily a bad thing...as long as it provides additional security & improves the reputation of cryptocurrency without being too overbearing.
I wont be surprise about that. But just to let you know it is the underground world who used bitcoins first before us. Like silkroad in the deepweb where you can buy illegal drugs, hire assasins, hackers anything illegal is available.
All types of crime are in deepweb. I haven't tried diving there (dive is the term of my friends when they want to check that site). Anyway, bitcoin is being used in illegal activities years ago and still, it is being used in as of the moment. Police can never trace your transaction especially in deepweb coz you have to use VPN so no one can trace your IP address.
Yes it is! One of the disadvantages of bitcoin is; it can use in many crimes. Bitcoin is a money and we all know that money is using many crimes. It can be the reason why governments doesn't want to legalize the bitcoin.
Every new technology has its pros and cons. People usually think of ways manipulating everything and the anonymity of bitcoin is taken greatly on the negative edge. We need to understand that it should not be used in crimes.
In fact, bitcoin is so great that it has the potential to commit criminals. such as illegal transactions, and such. so many possible happenings. and I think that has been done long ago. but, I think that the activation is reduced.
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.
I wont be surprise about that. But just to let you know it is the underground world who used bitcoins first before us. Like silkroad in the deepweb where you can buy illegal drugs, hire assasins, hackers anything illegal is available.
It always has been. That's one reason why it has such a bad reputation in the media, because back in 2012-2014 it was constantly being on the news for illegal activities. Dark markets to this day still use Bitcoin as the main form of payment, m,any don't accept anything other than crypto. Monero is slowly making an appearance as well.
Yes it is and that is the darkest part of bitcoins. Ico's in china has been banned because of illegal transactions that has been made by some companies and it was a very bad idea to do some sort of things like this because everyone will be affected if government will ban bitcoins in their country.
whereas, the positive side is more, and very useful in the future. those who take advantage of that convenience for crime give bad images of bitcoin. so it is only natural to me that the government is trying to protect their country's activities from such a bad possibility
Yes bitcoin sometimes use in scam because it is use in scamming online but not all people use bitcoin for scams
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.
Obviously it is being use in a lot of crimes because of the way of payment or transaction you can send a money or a currency anonymously and obviously it can e use in terrorist and illegal transactions of the criminals this is a new technology and obviously legal today thats why it become illegal in some countries because of the danger and threat in the economy. 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.
Crypto currency is by nature relatively anonymous and therefore these opportunities will undoubtedly be used for criminal purposes. However, the problem of this should not be done. Criminals use any technology and this is not a reason to prohibit them. This is a problem more law enforcement and, as far as I know, they are going to provide blockchein data for them, namely the data therein in the video and photo to use as evidence to disclose such crimes.
Of course btc is used for crime.
Here are some other things it is used for: play video games, buy stuff online, transfer wealth, pay for services, start up businesses, travel, buy pizza, and oh, did I forget to mention: invest!?
The wonder of blockchain technology is that it is decentralized, meaning, you can really use it however you want.
That insane price on btc? just a result of people using it and putting value on it.
Silk road? Of course people were using btc.
btc is really just a tool that can be used for anything you would like.
Kind of like that old Clue game, one of the weapons was a wrench. Well, that's just a tool that can be used to fix things or to bash someone upside the head with.
BTC is fine, eventually governments will try to regulate it, but crime will just keep going on.
Here are some other things it is used for: play video games, buy stuff online, transfer wealth, pay for services, start up businesses, travel, buy pizza, and oh, did I forget to mention: invest!?
The wonder of blockchain technology is that it is decentralized, meaning, you can really use it however you want.
That insane price on btc? just a result of people using it and putting value on it.
Silk road? Of course people were using btc.
btc is really just a tool that can be used for anything you would like.
Kind of like that old Clue game, one of the weapons was a wrench. Well, that's just a tool that can be used to fix things or to bash someone upside the head with.
BTC is fine, eventually governments will try to regulate it, but crime will just keep going on.
How used in crimes explain please
Crime uses Bitcoin to pay drugs, weapons, and for money laundering. The government can't control it, so they usually ban Bitcoin.
It's back to each that Bitcoin is a freedom to get something.
We can only give good advice for using Bitcoin not for crime.
Yes bitcoin is already used in crime because a missconception of it's anonimity. Even silk road was shutted down, so we still cannot avoid the law enforcement.
I concur with you about use of bitcoin as a vessel in doing shrewd and unlawful stuff. Extra to that there are reports where diverse ico these days works like a ponzi where a promoter guarantees financial specialists doubtful profits for counterfeit speculations toward the end speculators gets nothing. Be that as it may, I hope not all speculation organization do such unlawful things.
How used in crimes explain please
Crime uses Bitcoin to pay drugs, weapons, and for money laundering. The government can't control it, so they usually ban Bitcoin.
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