Topic: Bitcoin Are Now Used in Crimes - page 4. (Read 13114 times)
I agree with you, although reluctant to accept it, I have to say that there are a lot of transactions in bitcoin traders, such as the Silk Road website.we are different from those who use bitcoin in illegal activities for us bitcoin is blessing because we are having support for our daily needs
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.
I don't think now bitcoin is at that level were it is uses by the illegal workers to make illegal deals because bitcoin now not more anonymous currently because the main reason is that online attention of the transaction is now more by the governments of the countries ,so no chance for the person to use bitcoin for illegal works .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.
And also we can see that people are mostly paying tax for the use of bitcoin and everything is in online ,so no one will try to use bitcoin with wrong person .
It was old time when few people were using bitcoin for such types of works which were not good , but now bitcoin is more clear and people are using for trading and payment system .
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. 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.
Yes bitcoin is now getting used in crimes or in illegal businesses, and i think this is the main reason for the ban on bitcoin in many countries by the government.
Some people really take advantage of bitcoin and use it to scam because it is untraceable and other transactions in bitcoin is anonymous and it just make other people think of bitcoin as just scam.
Yes. Even bitcoin has just starting up, there are numerous incidents linking to it as ways of transacting and sending money as to used in illegal ways. People behind it used bitcoin so they can properly do their transactions smooth and clean. This has been alarming as this can create big numbers of crimes and affect million of lives. Abusive and over abuse of the power of bitcoins as to used in illegal ways forces the state and the government put relations over the cyrptoworld. Scams and fraudulent is spreading over the world internet world now.
Because bitcoin is anonymous and hard to track, it's hard to know what kind of deals people are doing.
Many cryptocurrencies are used by people with ulterior motives.
Encrypting money is just a way of transferring money! They can't tell whether it's legal or not.
Many cryptocurrencies are used by people with ulterior motives.
Encrypting money is just a way of transferring money! They can't tell whether it's legal or not.
Everything that involves money, will eventually be something with crime
I agree, People used bitcoin for illegal things like buying drugs, guns and others. Bitcoins transaction are cannot be traced so the bad people used this opportunity for doing bad stuffs.
Yes! Because bitcoin transactions is anonymous and the money involved in crimes is a lot of money. Some sindicates right now take advatage the use of bitcoin.
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.
Yes, i agree. Many people had been using bitcoins for some illegal transaction, but we never really know who or where but there is no need to worry about many people are still using bitcoin for good purposes, after all bitcoin is a free user for all, everyone has the right to do what they want with it and maybe that is why in some other countries government bans bitcoins because they know on themselves that some part of bitcoin is used for crimes and illegal transactions but some, nah.
You are right mate that there is a sort of freedom using bitcoin. Once you have your coin, you are free to use it to whatever you like and that is good because we are finally free to do what we want with our coin. Regarding criminality, that is normal, even with fiat money, there is more rampant illegal transactions happening with it in every country.
Yes, i agree. Many people had been using bitcoins for some illegal transaction, but we never really know who or where but there is no need to worry about many people are still using bitcoin for good purposes, after all bitcoin is a free user for all, everyone has the right to do what they want with it and maybe that is why in some other countries government bans bitcoins because they know on themselves that some part of bitcoin is used for crimes and illegal transactions but some, nah.
Entering with the help of bitcoins is a very obvious and expected process. Now every week there are many new wallets, new projects. In crypto currency, many millions of dollars are invested every day. But from the work of hackers and scammers, no one is 100% insured. It's just now that this is a new direction for them.
The only reason people still believe BITCOIN is crime is cause of the dark net silk roads selling drugs and other illegal shit cause it was easier to use back then If its a new post then this Iam surprised,how come BITCOINS are used in crimes,they have been used since long as I have seen lots of news about the same infact SILK case is of the same.So I wish and pray that BITCOIN goes only in the nicest and ethical way !
Its such a bad thing when someone is using bitcoin for crime and I think it must be stop if bitcoin is using in crime so I think there is only one reason that bitcoin is using in crime and that is its high price because when you will convert bitcoin to your local currency so it will give you a very huge profit so I’m sure they are earning bitcoin and then they changing in their local currency so I will request to bitcoin power to find some way to fix this problem.
Yes Bitcoin is used in crimes, but if this crypto money wouldn't exist, criminals would find another way to make their business.
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.
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.
I have never heard that bitcoin has been used or is involved in crime. Bitcoin because he did not know everything, it's not quite well known in the world. Critics have only been discovered recently that criminals do not know anything about bitcoins. Then how do the criminals use it? they will be very hard because bitcoin security is very powerful
Bitcoin has been and is currently used by criminals in their illegal transactions and the same also to fiat money - we can't avoid these and it is the enforcer's duty to catch them. Because bitcoin was not created for the criminals but criminals can use it at their disposal and risk.
Because at begin, this is the nature of Bitcoin and Satoshi also want to against all rules of the world managed by the government.
If true criminals use bitcoin as their transactional tool, then it is necessary as a special developer to detect suspicious transactions so that if that happens we can further follow up to be reported to the authorities so that everyone will start to trust bitcoin because of the role to minimize the crime that will occur and help the authorities to take firm action against the perpetrators who commit crimes. However, the anonymous nature of the blockchain technology is indeed a gap for criminals to do the action. We just pray that not many criminals are using this blockchain technology improperly.
Since the transactions in Bitcoins are anonymous, they can't trace whenever someone makes a purchase of drugs or firearms, which is why criminals are using this to their advantage.
In fact, YES! I never encounter but I'm sure it will used in crime because it is digital currency and hard to find the people behind that transaction. For example, the criminal pay online using the bitcoin and the drugs will get in the said place, so that it is hard to know the transaction and who is the criminal.
In the past, the criminals instructed them to leave the bag full of money to avoid getting caught. It's almost impossible to follow some digital currencies. Bitcoin is not very useful in this issue, software was developed to follow.Jump to: