Yes your right.. One example is the scammers..which is some people make their own way to have personal interest they used bitcoin industry to deceive another people..
thats why,we the btc users be wise to all those scammers.
Topic: Bitcoin Are Now Used in Crimes - page 7. (Read 13129 times)
Do you think paper currency is not used by criminals? Bitcoin is the future currency and it would replace paper currency soon, however, money is required for all things whether it is good or bad and bitcoin as a cryptocurrency also would serve the purpose. Cryprocurrency may come up with a method to track criminals usage in future.
I've read about bitcoin being used in crimes about quite long time ago. It's not something new, and it's not something that we can control.
Bad people will do anything, even if they don't use bitcoin, they still can use other ways. It's not bitcoin fault at all, although it makes bitcoin image becomes bad.
Moreover it'll be hard to track if we use bitcoin, that's why the criminals use bitcoin.
Bad people will do anything, even if they don't use bitcoin, they still can use other ways. It's not bitcoin fault at all, although it makes bitcoin image becomes bad.
Moreover it'll be hard to track if we use bitcoin, that's why the criminals use bitcoin.
Crimes are quite common around the globe, but the same doesn't happen because of bitcoin or some form of technology advancement. Even before the existence of bitcoin there is crime happening around. One who make use of it needs to realize the good about it rather than using on crimes.
Perhaps the authorities are pointing out to the incidents in which the advantages of Bitcoin played a part in the crime. The best example for this is the Wannacry attack. The hackers were demanding payments in Bitcoin, as it is a digital currency which is quite difficult to track. There has been even reports of kidnapping of individuals and the hostage takers demanding payments in BTC.
Crimes are quite common around the globe, but the same doesn't happen because of bitcoin or some form of technology advancement. Even before the existence of bitcoin there is crime happening around. One who make use of it needs to realize the good about it rather than using on crimes.
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 agree that bitcoin can be a great use for crimes because of the privacy it offers. It gave one an opportunity to deal and transact without it passing through the government services. Transactions can be done directly so you can buy drugs and guns in private. Though that doesn't mean bitcoin is a bad thing it also helps if only used in nice way.
Bitcoin had brought many changed to the payment system all over the world from its start. When the people that were introduced to Bitcoin had realized its true power and the potential many scams and frauds had taken the place on the network. Hackers are using Bitcoin as the mean of the blackmailing. Bitcoins anonymity provides some kind of safe haven for the criminals. Transactions can be tracked but the holder of the Bitcoin is practically invisible to the government system. Nations are trying to trace the corrupted that have used Bitcoin for the criminal work but in the end, the criminals that are very well instructed with the crypto always have some way out. Most of the people are always looking bad sides of the Bitcoin but they don't realize that this new trend of the online cryptocurrencies is our future that can be very bright if decentralization is accepted by all.
this is so true and well put into words. Bitcoin, just like any other instruments for payment can be subjected of use by criminals in their illegal transactions- it is already given.
I am also positive and hopeful that in the very near future, decentralization will be accepted by all.
Bitcoin had brought many changed to the payment system all over the world from its start. When the people that were introduced to Bitcoin had realized its true power and the potential many scams and frauds had taken the place on the network. Hackers are using Bitcoin as the mean of the blackmailing. Bitcoins anonymity provides some kind of safe haven for the criminals. Transactions can be tracked but the holder of the Bitcoin is practically invisible to the government system. Nations are trying to trace the corrupted that have used Bitcoin for the criminal work but in the end, the criminals that are very well instructed with the crypto always have some way out. Most of the people are always looking bad sides of the Bitcoin but they don't realize that this new trend of the online cryptocurrencies is our future that can be very bright if decentralization is accepted by all.
in my opinion, criminality is already there everywhere, even the online world, but with its existence bitcoin makes the cyber criminals increasingly rampant, because bitcoin can be used as a means of payment of cyber crime, and also they will be very difficult to track
Bitcoin has been for transacting even in illegal services because of the anonymity of the owner, it will be hard for the government to know and track who is the mastermind of the crime. It is the reason why some other country banned the use of bitcoin, to lessen the criminality. 
Well people were paid in cash for crimes too, bitcoin is just another currency. And why now, BTC rose with the darknet markets that sold guns and provided what all services. Still provide I think
in my opinion, criminality is already there everywhere, even the online world, but with its existence bitcoin makes the cyber criminals increasingly rampant, because bitcoin can be used as a means of payment of cyber crime, and also they will be very difficult to track
yeah bitcoin used in crime, yeah cash used in crime, gold, diamonds, silver , humans , chickens , yeah ban them all , we cant have that , man are there ever a lot of trolls in here
It's just unfortunate that everything that could be otherwise used for something completely legal can also be used for illegal purposes. Use cases of bitcoin that are both legal and ethical far outweigh any of the negatives it might had and that makes it a stunning technology.
It is the saddest part of bitcoin or let's say blockchain. As it comes with anonymity, it brings criminals behind. Not just now, even when bitcoin was new it was being used by the deep side.
The criminals do use bitcoin as a means of transactions in their action. They want to eliminate the traces with bitcoin, this is very genius. As a result of misuse of bitcoin, the public, the government is also skeptical of bitcoin, this is very detrimental to bitcoin.
I think this is the only bad thing that ever happened to BTC because except this single disadvantage BTC has all advantages. Being decentralized cryptocurrency, criminals are using it for their bad deeds and due to its decentralization, their identity is also not revealed, so many illegal activities like terrorism, Ransom killing, kidnapping are happening with the help of BTC but once it has been centralized, government would take control over it and then would be 100% secured.
Criminals can easily use bitcoin to obtain ransom - their identity can not be revealed. The digital currency is also linked to online sales, money laundering and sexual trafficking. Despite of that, each of which is connected with the use of crypto-currencies. Blockblocks "provide a really useful source of truth," says Jonathan Levin, co-founder of Chainalysis, who develops software tools for analyzing block data. The company's products can help researchers draw conclusions about how people use the currency.
[/color][/color] 
BTC was not created for the crime. But not all people in the society are the same. So maybe some people might use it for criminal activities. Because any type of transaction of BTC can be detected. That's why armed criminals can use Bitcoin for the crime.
Because the identity of the owner can not be traced, bitcoin becomes the idol of the criminals in cyberspace. The potential crime of using bitcoin is not just the bitcoin theft itself, but other crimes such as drug sales, terrorist financing to money laundering.
I think bitcoin are not totally used in bitcoin, most of them used in a good way, and it will says, dont judge the book by its cover, dont judge if thet have no ivendence, i think most of all bitcoin used in a good.
Bitcoin uses peer-to-peer technology to operate without authority or central bank; managing transactions and issuing bitcoins done collectively by the network. Bitcoin is open-source; The design is public, no one controls or controls Bitcoin and everyone can take part. Through its many uniqueness, Bitcoin allows exciting use that can not be covered by the previous payment system.
Jump to: