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Topic: Bitcoin Are Now Used in Crimes - page 32. (Read 13106 times)

sr. member
Activity: 588
Merit: 257
November 10, 2017, 03:29:00 AM
Gold, Silver, Diamonds and all popular paper currencies are used in crimes.
Now bitcoin get added to this list. Ransomware attackers asked their payments only in bitcoins.
Australian government is  thinking of regulating bitcoin currency because they think decentralised bitcoin currency is getting used in drug trafficking,cyber crime as well as in money laundering businesses.
Russian police arrested three businessmen with 300sim & bank cards, who were running an illegal bank with round $9 million worth of the crypto-currency.
But this is not bitcoins problem that criminals are using it, but this may compel bitcoin currency to work under regulations.
member
Activity: 142
Merit: 10
November 10, 2017, 02:10:25 AM
What did u expect since it's the latest modern hot cake
full member
Activity: 316
Merit: 100
November 10, 2017, 02:05:24 AM
Can you give me the source of the article? because it will really help your opinion.
member
Activity: 178
Merit: 10
November 10, 2017, 01:58:58 AM
Bitcoins are anonymous, so bitcoin can be exploited by criminals and the government can not track criminal minutes. This is why some countries banned bitcoin. Sad
hero member
Activity: 714
Merit: 500
November 10, 2017, 01:36:41 AM
Criminal have been using Money since the invention of money, but that didn't stop people using money or governments and authorities to discourage people in using money, and it shouldn't be the case with crypto currencies or bitcoin either.
I think only problem governments have bitcoin is the taxes, without taxes, governments cannot run, hence they see a thread in the rise of  bitcoin.
newbie
Activity: 24
Merit: 0
November 10, 2017, 01:35:21 AM
Bitcoin is decentralized currency,so some betting sites,porn sites accepting the bitcoins.criminals also enjoying the decentralized facility,criminals also can do anonymous transactions. this is very bad problem to bitcoin.
hero member
Activity: 1273
Merit: 507
November 10, 2017, 01:30:49 AM
This is especially possible because bitcoins are also a kind of money. Hopefully Indeed many have been victimized by evil related to bitcoins. It's one of the tools to use In bitcoins to make a payment In an investment that's the best way to get rid of us. It is difficult for lawmakers to make it because bitcoins are decentralized and there are no representations of the founders of the investments.
member
Activity: 175
Merit: 10
November 10, 2017, 01:25:26 AM
Bitcoins are exploited by criminals and criminals use bitcoin for criminal transactions, but bitcoin is anonymous and the government can not find criminals. In this digital age, this is inevitable. Sad
jr. member
Activity: 56
Merit: 10
November 10, 2017, 01:18:13 AM
Use of bitcoin is to fulfill its human aim and not for crime.But bitcoin is also being used for crime. Some hackers hack the computer's computer data to recover and ask them for bitcoin.Last year the data hack has come out.
sr. member
Activity: 756
Merit: 268
November 10, 2017, 12:58:33 AM
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.
It is really dangerous because many people are being trick or scam from this fake bitcoin sites and maybe this is one of the reason why the government of aome coutries banned bitcoin because of this crimes. Like just you said they are untraceable  so they cannot put to jail for the crimes that they had done.
member
Activity: 378
Merit: 25
November 10, 2017, 12:38:34 AM
that is also one of the risks that we have to take, internet is vulnerable for this kind of activity, but i still have hope for btc, the people behind bitcoin will surely come up with a system for bitcoin users not to be hacked by these thieves, we must secure our codes and be wiser in investing.
legendary
Activity: 1148
Merit: 1048
November 10, 2017, 12:19:29 AM
Yes, bitcoins are being used in crimes. so what?

fiat has been used far more to facilitate illegal activity, for far longer. you cant really be mad the the anon nature of bitcoin, while it does facilitate crime so does the anon nature of cash (which is why it is the number one choice of criminals, worldwide).what bitcoin does do is provide a digital, or at least cashless means of making an illicit transaction. while cash is pretty handy for up close, it doesnt do so well when you need to purchase something from afar. I cant stick cash into my computer, and its note really safe to mail cash.

hence bitcoin.
sr. member
Activity: 364
Merit: 250
November 09, 2017, 10:28:34 PM
yes, I do not know if there is a right or a law that defends bitcoin, in case of theft would surely blame the hacker and can not do anything about it.
member
Activity: 242
Merit: 10
November 09, 2017, 10:25:53 PM
Although bitcoin has many shortcomings, it is used by criminals, but it is undeniable that it will bring great convenience to the future world, and will make the world more transparent in the future. It's going to be powerful.
member
Activity: 420
Merit: 12
Globe-dex.com
November 09, 2017, 10:21:01 PM
We shouldnot attack bitcoin,before the advernt of cryptocurrency,are they not using the fiat currency to commit crime?
sr. member
Activity: 294
Merit: 250
November 09, 2017, 09:16:40 PM
actually bitcoin have even used for crimes activities and illegal activities since beginning of its launched time.
you can search on Google that many people use bitcoin to cover drugs transactions since beginning of bitcoin 's existence.
newbie
Activity: 1
Merit: 0
November 09, 2017, 09:09:55 PM
Indeed, I know that a lot of artists are using btc for selling medicines or perhaps worse. But the point is that government can not prohibit it simply because it is oblind cash and it’s so hard to track it.
jr. member
Activity: 51
Merit: 10
November 09, 2017, 07:49:53 PM
Sad thing about this world is Crime is always used by anything for example Bitcoin, Money, Etc. Only thing I ever want to see and wish for is Bitcoin use for something good and proud of beside the ugly thing like crimes. Sad
newbie
Activity: 56
Merit: 0
November 09, 2017, 07:45:50 PM
But it can not be denied that this is one of the causes of its fire. Cry
full member
Activity: 812
Merit: 187
November 09, 2017, 07:42:54 PM
It is true that bitcoin has often been used for criminal,but that was in the past. Now, bitcoin transactions are more common in the exchange and online shops. Actually the number of criminality using bitcoin is decrease, so bitcoin now is have good image.
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