The US dollar is the mos used currency in these kind of activities. Although the nature of BTC makes is attractive to a new breed of criminals.
In the end karma will win, although I believe bitcoin as it stands, can be improved.
Topic: Bitcoin, Crimes, and Terrorism - page 3. (Read 5573 times)
This had been discussed so many times, you can hide your identity when using bitcoin but it is still traceable, and linking bitcoin with crimes and terrorism is a bit absurd, bitcoin can be used to trade weapon or ransomware because it is valuable, same thing with fiat, because of this wrong publicity, it is very difficult for us to recruit new user
Indeed, you're right pal! this is nothing difference in money laundering topic, I just don't where does I read that in the forum section. But I will still answer it, bitcoin was very open to anyone and it is not design to use for a bad activities but it we have to admit that it can be use for legal and illegal purposes, but let us not abuse the good reputation it has in terms of business. It is what it is and it's up to people how to use everything either for good or for bad and bitcoin is not exception, do you really think criminals and terrorists wait for you to develop something like bitcoin to conduct their businesses? no I'm sure they find their own ways.
You hit it.
That is very true. They just want to blame it to bitcoin to make it bad.
True that there will be bad intentions for it seeing it being anonymous they will be hard to track.
They will just have to pay little by little where they wont need to send information about them with the limitations of some wallets.
Now that is getting larger in price, it will be more easier for them. They wont need hard cash.
I have experience once about this so I think it is true although there is just a few.
i do not consider that bitcoin is crime or terrorism its just a digital currency and which use for online transaction and and all bitcoin users is very satisfy from bitcoin and all people supporting bitcoin and no one thin negative about bitcoin.
yeah we can not say that bitcoin is a crime because bitcoin is a crypto currency and bitcoin aimed is to use it for online shopping so no one can be says that bitcoin is crime.You cannot consider bitcoin as a crime nor terrorism, it is a digital currency and sometimes, it is used for crimes and it is not the crime itself. The thread does not said that bitcoin is a crime and terrorism, it just shows the usage of bitcoin on such actions.
It is what it is and it's up to people how to use everything either for good or for bad and bitcoin is not exception, do you really think criminals and terrorists wait for you to develop something like bitcoin to conduct their businesses? no I'm sure they find their own ways.
OP, what's with the [citation needed] stuff? Did you copy/paste this or something, or are you writing a wiki article or what? Just curious.
I just don't want to be labeled plagiarizing or whatever. The content is true but I don't have the source so I just placed "[citation needed]"
Not copy pasted nor I am writing a wiki article.
Just random thoughts. Not posted to ban bitcoin or whatever, just viewing bitcoins capability at some point.
If you can't buy weapons and drugs with something, it's a terrible currency.
Every single currency known to men can buy weapons and drugs.
In fact, bitcoin is easier to trace than most currencies (if you don't pay with credit cards or digital transactions.
'terrorism' is just some buzz-word the governments use to get people to do what the government wants them to do, because oh no, 'terrorists' are bad.
Every government needs some invisible enemies they can 'fight' so they can unite their citizens against this invisible enemy and control them.
Every single currency known to men can buy weapons and drugs.
In fact, bitcoin is easier to trace than most currencies (if you don't pay with credit cards or digital transactions.
'terrorism' is just some buzz-word the governments use to get people to do what the government wants them to do, because oh no, 'terrorists' are bad.
Every government needs some invisible enemies they can 'fight' so they can unite their citizens against this invisible enemy and control them.
Amen. You got it.
OP, what's with the [citation needed] stuff? Did you copy/paste this or something, or are you writing a wiki article or what? Just curious.
Indeed, this is a dead horse that, were it still alive, would beg you to stop beating it. Bitcoin is used for crimes, certainly, but I think its use for terrorism has been blown way out of proportion. It's definitely used for buying drugs--that's true.
The attitude on this forum about such things is "who gives a shit?". And that's my stance on the matter as well. Fiat is used for crime, terrorism, prostitution, and everything else under the sun. It's not the form of money that's a problem, it's the fucking nature of humanity that's the problem. So viva la bitcoin, and let's let this topic die a good death.
Indeed, this is a dead horse that, were it still alive, would beg you to stop beating it. Bitcoin is used for crimes, certainly, but I think its use for terrorism has been blown way out of proportion. It's definitely used for buying drugs--that's true.
The attitude on this forum about such things is "who gives a shit?". And that's my stance on the matter as well. Fiat is used for crime, terrorism, prostitution, and everything else under the sun. It's not the form of money that's a problem, it's the fucking nature of humanity that's the problem. So viva la bitcoin, and let's let this topic die a good death.
Bitcoin's anonymity is really a great characteristic. It enables users to use BTC in any transactions with nearly no traces. But is this really a good thing? Let us consider utilizing bitcoin in a negative way. Since bitcoin is considered currency, there is no doubt that a person that needs money will not reject bitcoin even if it involves unethical or illegal act.
Due to the anonymity of bitcoin, some uses bitcoin in a negative way [citation needed]. They can easily use bitcoin in paying others to commit crimes. They can even use bitcoin in bribery and/or money laundering. This characteristic of bitcoin are abused [citation needed] and it will never end well.
For the case of terrorism, terrorist can easily purchase weaponry from other country. With the use of transaction using bitcoin, authorities will have a hard time tracing that transaction thus, will give advantage to the side of terrorists.
This is not an impossible scenario. People can now use bitcoin in any way they want to. It's inevitable.
Due to the anonymity of bitcoin, some uses bitcoin in a negative way [citation needed]. They can easily use bitcoin in paying others to commit crimes. They can even use bitcoin in bribery and/or money laundering. This characteristic of bitcoin are abused [citation needed] and it will never end well.
For the case of terrorism, terrorist can easily purchase weaponry from other country. With the use of transaction using bitcoin, authorities will have a hard time tracing that transaction thus, will give advantage to the side of terrorists.
This is not an impossible scenario. People can now use bitcoin in any way they want to. It's inevitable.
Cash and gold can be used in that scenario too, which is harder to track. any form of payment can be used in
illegal transactions it's just that bitcoin is new and people are trying to make the full use of it.
People who flip out at how bitcoin could be used for terrorism should check out other coins that actually offer privacy like Monero. The hardest part though for any of these coins is safely pulling it out into a fiat currency you desire like USD. You could trade in person but in large amounts its dangerous and very hard. The exchanges are the chokepoints.
Reason why authorities and people in power are worried about Bitcoin is due to its wide spread adoption. The other alts are just niche players now. When they grow, the focus will shift to them.
If you can't buy weapons and drugs with something, it's a terrible currency.
Every single currency known to men can buy weapons and drugs.
In fact, bitcoin is easier to trace than most currencies (if you don't pay with credit cards or digital transactions.
'terrorism' is just some buzz-word the governments use to get people to do what the government wants them to do, because oh no, 'terrorists' are bad.
Every government needs some invisible enemies they can 'fight' so they can unite their citizens against this invisible enemy and control them.
Every single currency known to men can buy weapons and drugs.
In fact, bitcoin is easier to trace than most currencies (if you don't pay with credit cards or digital transactions.
'terrorism' is just some buzz-word the governments use to get people to do what the government wants them to do, because oh no, 'terrorists' are bad.
Every government needs some invisible enemies they can 'fight' so they can unite their citizens against this invisible enemy and control them.
People who flip out at how bitcoin could be used for terrorism should check out other coins that actually offer privacy like Monero. The hardest part though for any of these coins is safely pulling it out into a fiat currency you desire like USD. You could trade in person but in large amounts its dangerous and very hard. The exchanges are the chokepoints.
Reason why authorities and people in power are worried about Bitcoin is due to its wide spread adoption. The other alts are just niche players now. When they grow, the focus will shift to them.
People who flip out at how bitcoin could be used for terrorism should check out other coins that actually offer privacy like Monero. The hardest part though for any of these coins is safely pulling it out into a fiat currency you desire like USD. You could trade in person but in large amounts its dangerous and very hard. The exchanges are the chokepoints.
As I know drug dealers use bitcoin to sell drugs. Not good way of using crypto currency in my opinion.
i do not believe that drug dealer use bitcoin to sell drugs because bitcoin is just a digital currency which is use for online transaction and there is no one can sell drugs with bitcoin and i see that fiat money is very much using for drug selling . Unfortunately bitcoin is often used for illegal activities including terrorism and itt anonimity contributed great deal to that. That is the reason why bitcoin had bad reputation very long time, some even considered it as a criminal currency although every currency in the world could be used for crime.
I think Bitcoin is not used for illegal activities much because if a person adopt bitcoin then he will earn himself without any bad activity like if he start trade or to start any other online job with bitcoin. So then he will not need any other illegal activity for making money.Illegality comprised of a whole lot of actions and inactions. We are not dealing with a burglar or a wallet theif here but criminals of cyber fraud can use it as a form of payment to perpetuate crime likewise drug dealers can use it to launder money globally for payment of their illegal activities hence people use and can use Bitcoin illegally.
As I know drug dealers use bitcoin to sell drugs. Not good way of using crypto currency in my opinion.
Everyone will be judged only and solely by their own actions, if I believe in 2 or more gods/ commit crimes/ steal/ kill/ rape all are considered sins.
Who am I fooling truly? when I die I'll meet my maker and will have to answer only to Him and no one will vouch for me and I'll not be able to blame anyone but myself.
So whatever we do we're the responsible party not strings of codes, you don't go around saying wow see what a miraculous currency/network/alternative (better of the banks) financial instrument this bitcoin is.
ISIS has it's roots in 5 countries and has many believers/followers/supporters/mercenaries/for hire to kill in those countries and they have got their hands on more than $1 Trillion dollars and now you would think they're so desperate to resort to bitcoin? do you really think such activities could be financed with a cryptocurrency which is decentralized by the way and the supply is somewhat fairly/evenly distributed and the whales are publicly known to the world?
You wish if the big players in crimes/ cartels/ terrorism really were using bitcoin as a mean to transfer value, I know BitMixer and other mixers combined have big coin reserves but not to that extent.
Who am I fooling truly? when I die I'll meet my maker and will have to answer only to Him and no one will vouch for me and I'll not be able to blame anyone but myself.
So whatever we do we're the responsible party not strings of codes, you don't go around saying wow see what a miraculous currency/network/alternative (better of the banks) financial instrument this bitcoin is.
ISIS has it's roots in 5 countries and has many believers/followers/supporters/mercenaries/for hire to kill in those countries and they have got their hands on more than $1 Trillion dollars and now you would think they're so desperate to resort to bitcoin? do you really think such activities could be financed with a cryptocurrency which is decentralized by the way and the supply is somewhat fairly/evenly distributed and the whales are publicly known to the world?
You wish if the big players in crimes/ cartels/ terrorism really were using bitcoin as a mean to transfer value, I know BitMixer and other mixers combined have big coin reserves but not to that extent.
Unfortunately bitcoin is often used for illegal activities including terrorism and itt anonimity contributed great deal to that. That is the reason why bitcoin had bad reputation very long time, some even considered it as a criminal currency although every currency in the world could be used for crime.
I think Bitcoin is not used for illegal activities much because if a person adopt bitcoin then he will earn himself without any bad activity like if he start trade or to start any other online job with bitcoin. So then he will not need any other illegal activity for making money.
What about the crimes that bitcoin protects me from? Anonymity is my right, not a "problem" to be fixed.
Unfortunately bitcoin is often used for illegal activities including terrorism and itt anonimity contributed great deal to that. That is the reason why bitcoin had bad reputation very long time, some even considered it as a criminal currency although every currency in the world could be used for crime.
I think Bitcoin is not used for illegal activities much because if a person adopt bitcoin then he will earn himself without any bad activity like if he start trade or to start any other online job with bitcoin. So then he will not need any other illegal activity for making money.Also, someone using Bitcoin isn't magically going to start making money just by using it. Earning Bitcoin is much like earning regular cash, you need to work hard to do so.
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