Topic: Bitcoin Are Now Used in Crimes - page 37. (Read 13106 times)
Bitcoin has any other thing has its Pros & Cons such as anonymity, fungibility and security. One needs to create awareness.
While we're at it, cash is also used in crimes, so are credit cards, knives, gloves, baseball bats etc.
I guess you get the point.
I guess you get the point.
Haha
well said. Anything can be use to commit a crime and bitcoins have no exception for that because of its transactions are anonymous. If bitcoins will become more widely used globally especially on poor countries then this will give a chance for those small time criminals and scammers who doesn't have a knowledge on what bitcoins are to adapt its convenience to do more crimes 
maybe yes.Because of the scattered hype sites you can invest your money savings. For me it would be considered a crime. And because of such circumstances my same diligent is to overtake the appetite Invest in money on an investment site.
its not only now, it has been used already on its early days and guess what Fiats are also used in crimes, governments officials used fiats to do crime and illegal activities.
Fiat is already understood that uses in crimes, now the question here is, bitcoin are now used in crimes. We all know that bitcoin has a lot of potential and since bitcoin is easy to use and to transact everywhere there is a possibility that bitcoin uses in crimes and we cannot stop them from using it since bitcoin is everywhere and everyone can use bitcoin. 
Bitcoins have always been used for crimes. You can look back and see for yourself ie. Silkroad. I doubt that's going to change anytime soon, but that shouldn't be a reason for people not to accept Bitcoins. I see people who make this argument all the time. You can make the same argument that USD has been used for crimes, but that doesn't stop people from not using it.
Crimes are now being smart in many ways. Because this is one issue why some government are having doubts on adopting bitcoin. In a way we all are making illegal transaction because bitcoin is virtual. And if the government can't control it, they will just acknowledge it as illegal. Bitcoin is becoming a multi-million dollar investments and there are more internet protocols to be followed than before.It is really possible that bitcoin can ve used for illegal transactions given its nature of anonimity. In bitcoin,sender could not be traced. Account transfer is very fast and easy. This is also the fear that possibly terrorists can receive funds through bitcoin system.
Bitcoin is a decentralized cryptocurreny. Its anonymity in nature which made way for crimes and other illegal activities since the day it was created. No wonder why the authority wants to regulate the system. I just hope they won’t try to ban it in my country.
This is the disadvantage of bitcoin , the state of being anonymous by anyone who uses it. We dont have the regulation here wherein the users are surely identified by the servers, that is why it is used anywhere even on illegal purposes. I read some articles where bitcoin was used in illegal actions like buying drugs and weapons. I think it's time to put a contact identity for everyone who uses the bitcoin.
Yes, definitely. Do you remember ramsonware, they payment are made via bitcoin.and some scamer get fund by bitcoin, because it's decentralize. So police can't get an action. As i think now Its better to use kyc.
KYC will remove one key point of bitcoin. Anonymity. If bitcoin doesnt have that feature then it will not grow like what we see bitcoin now. Its not bitcoin that is the problem its us.. We choose where we use bitcoin. You can also use gold for crimes if you though about it.
See anything can be used for crimes before Bitcoin many people bought weapons with paper money and many crimes will by doing money transfer. Only few cruel people will use Bitcoin for crimes, every one should understand Bitcoin is decentralized currency may be in future they may include kyc in blockchain for reducing illegal activities.
Well, they are now using the idea of KYC (Know Your Customer is it) if you wanted to convert your digital assets into fiat. And i dont (somehow) see the problem with that. Maybe we dont need it attached to bitcoin. I really dont like uploading a scan copy of my precious documents to use bitcoin. If that is the case though, i will go back to fiat.
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.
that's true because bitcoin does not use the original identity of the owner. that's why bitcoin is used as a tool for crime. but not all those who have bitcoin is evil. only irresponsible people who damage the good name of bitcoin.I have to agree with this. There is an amount of work on our part to do to help de-stigmatize bitcoin. Being more transparent with it would serve that end.
Op just realize that bitcoin are used by the crimes based on his thread title the word "now"
Well for the reference and history of bitcoin, Silk road, scammers, money launderers, illegal transactions are part of the history of it way back 2011 and for the traditional fiat money? is the Government have a better regulation to control the illegal activities of the criminals? they can just hand over the money for the drug and the transaction is done. anonymous? yes if you are not in the sight of the police man.
The point is everything can be used for the crimes even in the ancient times where your ancestors is still alive, they are using an available form of payment like gold, barter trade etc just to use it for their crimes. bitcoin is still premature but the fact that it is digital. the authorities can implement a regulation for the exchanges and wallets for the sole of security purposes, don't just point to bitcoin because everything has it's negative features.
Well for the reference and history of bitcoin, Silk road, scammers, money launderers, illegal transactions are part of the history of it way back 2011 and for the traditional fiat money? is the Government have a better regulation to control the illegal activities of the criminals? they can just hand over the money for the drug and the transaction is done. anonymous? yes if you are not in the sight of the police man.
The point is everything can be used for the crimes even in the ancient times where your ancestors is still alive, they are using an available form of payment like gold, barter trade etc just to use it for their crimes. bitcoin is still premature but the fact that it is digital. the authorities can implement a regulation for the exchanges and wallets for the sole of security purposes, don't just point to bitcoin because everything has it's negative features.
All the fiat currencies are used for criminal activities for drug dealings, money laundering and duplicating money so no one can blame bitcoin technology, in other words it is tougher to do criminal activities with bitcoin than traditional currencies as the bitcoin network is on the mark of police investigation after the wannacry ransomware attack worldwide. Duplication of bitcoin is not possible unlike traditional currenciess.
Yes, definitely. Do you remember ramsonware, they payment are made via bitcoin.and some scamer get fund by bitcoin, because it's decentralize. So police can't get an action. As i think now Its better to use kyc.
KYC will remove one key point of bitcoin. Anonymity. If bitcoin doesnt have that feature then it will not grow like what we see bitcoin now. Its not bitcoin that is the problem its us.. We choose where we use bitcoin. You can also use gold for crimes if you though about it.
See anything can be used for crimes before Bitcoin many people bought weapons with paper money and many crimes will by doing money transfer. Only few cruel people will use Bitcoin for crimes, every one should understand Bitcoin is decentralized currency may be in future they may include kyc in blockchain for reducing illegal activities.
Absolutely bitcoin are used in any illegal activities due to modern world and modern technology that people work in a darkweb just to make crimes cause we all know that bitcoin is very popular. In anonymously person criminals taking advantages of the opportunity to commet crimes. Because they thinks they can not be trace all the time.
Yes, definitely. Do you remember ramsonware, they payment are made via bitcoin.and some scamer get fund by bitcoin, because it's decentralize. So police can't get an action. As i think now Its better to use kyc.
KYC will remove one key point of bitcoin. Anonymity. If bitcoin doesnt have that feature then it will not grow like what we see bitcoin now. Its not bitcoin that is the problem its us.. We choose where we use bitcoin. You can also use gold for crimes if you though about it.
See anything can be used for crimes before Bitcoin many people bought weapons with paper money and many crimes will by doing money transfer. Only few cruel people will use Bitcoin for crimes, every one should understand Bitcoin is decentralized currency may be in future they may include kyc in blockchain for reducing illegal activities.
Yes, definitely. Do you remember ramsonware, they payment are made via bitcoin.and some scamer get fund by bitcoin, because it's decentralize. So police can't get an action. As i think now Its better to use kyc.
KYC will remove one key point of bitcoin. Anonymity. If bitcoin doesnt have that feature then it will not grow like what we see bitcoin now. Its not bitcoin that is the problem its us.. We choose where we use bitcoin. You can also use gold for crimes if you though about it.
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 not nowadays. Bitcoin has always been used for illegal activities such as the following: Hiring assassins, buying weapons, buying/selling drugs, watching pedophilia porn, and so on. It was, basically, the dark net's currency. And it will continue to be used for those purposes.And yes, it is even very dangerous to be on the dark net. Who knows what happens to your PC as the hackers could track your IP address. That is why you should be aware of how to secure it.
The modern world and modern technology will never lose a crime. So it's no wonder if bitcoin is also used by them. Especially now, we all know that bitcoin is very popular, criminals take advantage of the opportunity to commit crimes. The other person as quickly believes that they will earn a big sooner and those people who did not know about the bitcoin.For not being able to threaten each other we must have enough knowledge of negotiations especially with bitcoin. Especially and we do not see the people we're negotiating with bitcoin so it's important to be careful and ask for guidance for people who have experienced the bitcoin
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 not nowadays. Bitcoin has always been used for illegal activities such as the following: Hiring assassins, buying weapons, buying/selling drugs, watching pedophilia porn, and so on. It was, basically, the dark net's currency. And it will continue to be used for those purposes.And yes, it is even very dangerous to be on the dark net. Who knows what happens to your PC as the hackers could track your IP address. That is why you should be aware of how to secure it.
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 not nowadays. Bitcoin has always been used for illegal activities such as the following: Hiring assassins, buying weapons, buying/selling drugs, watching pedophilia porn, and so on. It was, basically, the dark net's currency. And it will continue to be used for those purposes.And yes, it is even very dangerous to be on the dark net. Who knows what happens to your PC as the hackers could track your IP address. That is why you should be aware of how to secure it.
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.
Any currency that's mainstream has been used for crime. The US dollar for example. Criminals will have you buy stuff with it and give them it or give/send them the money. Bitcoin just makes it easier by providing more anonymity. 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.
Yes, definitely. Do you remember ramsonware, they payment are made via bitcoin.and some scamer get fund by bitcoin, because it's decentralize. So police can't get an action. As i think now Its better to use kyc.
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