Topic: Bitcoin has nothing to do with crime - page 3. (Read 1117 times)
They were just against bitcoins in the first place that's why when they see some opportunity when bitcoins are used as props in a Ponzi scheme scam, they will highlight the name bitcoins so that whoever watches the news will think the headlines were all against bitcoins and sometimes they won't just clear the name bitcoins because that was their intent, they want to destroy its name because most likely the banks paid them to do so. Wrong information is always shown by the media and we need to consider clearing Bitcoin names for our friends and families because we are not only giving them the opportunity to save their money but also preventing them from becoming victims of the real scammers.
Bitcoin's privacy features often do not align with misconceptions people have about its anonymity. Interestingly, the shortcomings in this aspect have spurred the development of enhanced privacy coins, which ironically are occasionally overlooked when discussing the matter. This situation has even raised concerns for national security, as these coins can be exploited for illicit activities, predominantly by advanced hackers and cybercriminals.
During the starting days it is possible to see good volume of circulation happening around. Majority of the circulation is happened in supporting for gambling and other forms of investment. People always make choice on the amount invested, and the increased usage of bitcoin in gambling, money laundering and other few incidents made people consider bitcoin as a source for crime. This could change and now with the awareness more changes have happened.
Be it Bitcoins or Fiat, we can’t stop a criminal mind. These criminals are now becoming more smart that they choosing Bitcoins to use the scams. But now if people make Bitcoins liable for this, then it’s not fair. Earlier also there used to be crime, when Bitcoins were not invented, at that time we just overlooking the crimes, now if you just make everything liable through Bitcoins, then what about the normal investors who are making money through this. Considering Bitcoin as criminal asset is really bad.
Well, BTC is used not just to scam people, but also to buy illegal stuff and even scarier stuff. But fiat is used as well, it's truly not about Bitcoin or fiat. Everything can be used wrong in bad hands.
It's a free world, peoples opinion doesn't matter if they don't understand what they are saying, I've heard a lot about Bitcoin been used as funding terrorism but no one shows proof of transactions that terrorists used Bitcoin to purchase any weapon, and that's because Bitcoin transactions are not hidden, they are traceable, any terrorist that use Bitcoin for this sick cause is an idiotic act, he will be caught.
Knife was created to cut meat and things, if you use it to kill human it's your fault, somethings are created for human use and it's possible that same humans will use that thing for bad things, I can't think about anything created with good intent of the mind that hasn't been used for bad activities before.
Bitcoin transactions are transparent, you can't get away with crime using Bitcoin, it's a fact.
Since its creation, Bitcoin has been the target of relentless criticism from those who have little to no technical knowledge of how it operates. Really, its ridiculous. I'd dare anyone who makes the foolish notion that Bitcoin is a haven for crime to provide one - just ONE - example of how Bitcoin has actually been used successfully for terrorism without suffering any consequences.Knife was created to cut meat and things, if you use it to kill human it's your fault, somethings are created for human use and it's possible that same humans will use that thing for bad things, I can't think about anything created with good intent of the mind that hasn't been used for bad activities before.
Bitcoin transactions are transparent, you can't get away with crime using Bitcoin, it's a fact.
Do we outlaw knives because one was deliberately used? No! Not the tool, but the person is to fault. And now, for those misinformed critics, a wake-up call: One of the WORST alternatives for thieves is Bitcoin due to the transparency of its blockchain. They are so ignorant that they have the audacity to believe they might commit a crime without it being recorded on a permanent, immutable ledger
Be it Bitcoins or Fiat, we can’t stop a criminal mind. These criminals are now becoming more smart that they choosing Bitcoins to use the scams. But now if people make Bitcoins liable for this, then it’s not fair. Earlier also there used to be crime, when Bitcoins were not invented, at that time we just overlooking the crimes, now if you just make everything liable through Bitcoins, then what about the normal investors who are making money through this. Considering Bitcoin as criminal asset is really bad.
It's a free world, peoples opinion doesn't matter if they don't understand what they are saying, I've heard a lot about Bitcoin been used as funding terrorism but no one shows proof of transactions that terrorists used Bitcoin to purchase any weapon, and that's because Bitcoin transactions are not hidden, they are traceable, any terrorist that use Bitcoin for this sick cause is an idiotic act, he will be caught.
Knife was created to cut meat and things, if you use it to kill human it's your fault, somethings are created for human use and it's possible that same humans will use that thing for bad things, I can't think about anything created with good intent of the mind that hasn't been used for bad activities before.
Bitcoin transactions are transparent, you can't get away with crime using Bitcoin, it's a fact.
Knife was created to cut meat and things, if you use it to kill human it's your fault, somethings are created for human use and it's possible that same humans will use that thing for bad things, I can't think about anything created with good intent of the mind that hasn't been used for bad activities before.
Bitcoin transactions are transparent, you can't get away with crime using Bitcoin, it's a fact.
Actually, for money laundering or for black market actions, everything can be traced, because in the end they will convert it to fiat, and many exchanges are currently required to do KYC. indeed from the start it was debated that bitcoin has a negative side, so the government is still considering it, until now even the regulations are not clear, and in this case for bitcoiners it is of course difficult to take legal action if there is a criminal action against their assets. but this is something that naturally happens, because wherever there are pros and cons there will always be actions
With the decentralized nature of bitcoin, I don't think bitcoin can be traced. The movement from the open source wallet to the exchange platform before converting it to fiat will be cumbersome. And some launders would used per to per straight from the open source wallet and you don't know who own the wallet because there is no name attached to the wallet and that make it anonymity decentralized out of authority control. And regulation affact only exchanges. Money launders use p2p than using exchange. 
Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate. The privacy features of bitcoin is very important to humanity, which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
I'm still amazed to see people who say that Bitcoin is related to crime and actually it is a digital asset that was deliberately created for crime. Their baseless claim is just to make the banking product much better than Bitcoin, when in fact the banking product is no better than Bitcoin.
Now is the modern era, where people are much smarter. Their unfounded claims will be dismissed as passing wind. Because indeed people see that Bitcoin really helps them for transactions and it is true that it offers security and speed which is not offered by banks, and that will break their baseless claims.
I just find it very unfortunate that media capitalized on this idea, thus increasing the stigma that BTC had been used for criminal activities.
anyone that so saying that bitcoin has been used for criminal activities so bitcoin is for criminal purpose, lack the reason of creating bitcoin and also don't know the uses of bitcoin and he is even confused about bitcoin so he need extra moral classes on bitcoin so he can develop the understanding of bitcoin and can talk about in anywhere. I have heard people saying that bitcoin is meant for criminal activities. They don't even know anything about bitcoin.
However, we can't stop people give their own opinion about what they've seen and heard in different social media platforms regarding about bad news in scamming scenarios that happened using cryptocurrency as a bait. We should expect the instant discrimination of cryptocurrency from the people who don't know how Bitcoin and Blockchain works.
In my opinion, the ones to blame for letting criminals continue to operate are the government rather than just blaming bitcoin or any other tool. it seems that the people who are propagating bitcoin regarding crime are the government, as they failed to stop the criminals and now they make excuses to blame bitcoin and cover up their failure.
I don't mind criminals using bitcoin because it's just a tool and no one can ban others from using it. but I would feel ashamed for the government and those who are slandering bitcoin because they failed to stop the criminals.
Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate. The privacy features of bitcoin is very important to humanity, which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
People seem to confuse the word privacy with the word anonymous. Bitcoin is private, but not anonymous. If criminals wanted to stay anonymous, they would not use a money which is based on a system of public ledger. They would use a coin like Monero, or an even more anonymous money: fiat. That's right, paper cash is the preferred choice for criminals. I guess that is why politicians love fiat so much.
With Bitcoin, or even Monero, people have to buy it through a centralized platform (cryptocurrency exchange website), which not only demands your identity information but also gives the government data about your transactions. It is possible to buy coins anonymously but why go through the trouble when a easily corruptible and untraceable money like fiat exists?
The only people who like to equate Bitcoin with criminal money are the ones who are bitter about losing control over peoples money. Because that is the main point of Bitcoin: To give the people full control over their money. So that nobody, not even the government, can take their money away from them.
Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate. The privacy features of bitcoin is very important to humanity, which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Anonymity and privacy is not a crime! Although Bitcoin is only quasi-anonymous and transactions could be traced down to an exchange account/address for example. There are some ways to avoid detection though by using Bitcoin mixers, Tor and DEX exchanges. Everybody should have a right to stay anonymous.
It is not completely anonymous if you use an exchange; you are correct; as long as you exchanged that Bitcoin in an exchange, you will be tracked, even if you deposited on that. Though those criminals are somewhat smart, others use fake identities or buy others identities, which we know is rampant just to do illegal things. They are really using Bitcoin as it is fast and easily tracked by them.
However, we can't stop people give their own opinion about what they've seen and heard in different social media platforms regarding about bad news in scamming scenarios that happened using cryptocurrency as a bait. We should expect the instant discrimination of cryptocurrency from the people who don't know how Bitcoin and Blockchain works.
Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate. The privacy features of bitcoin is very important to humanity, which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Sure Bitcoin has nothing to do with the crime that's for sure, I mean yes bitcoin has been used or related to the illegal transaction but that doesn't really mean Bitcoin is related or something illegal or it is something that is a scam. Bitcoin in its nature just is decentralized which anyone can use and take advantage of that as well as having an anonymous transaction which is probably why it is getting connected to laundering or illegal transactions.
I don't believe its promotes crime at all, that statement doesn't really make any sense at all, It's just how the structure of Bitcoin works, and yes you can use it on any transaction, which is just similar to fiat money, Does fiat promote crimes? I don't think so, it is just a tool that you can use as well and can be used as well on illegal transactions or crimes beside it is really used on a lot of crimes. So I completely agree with you that Bitcoin is just for everyone but its not a reason for a crime.
As said it is possible to trace out transactions as it is possible to differentiate exchange addresses from the Dex and other wallets. This gives the access and if the transaction is made to an exchange it is an easy task for them as most of the exchanges needs complete KYC to use their platform.
I noticed that you mentioned DEX and KYC requirements. DEX stands for Decentralized Exchanges, as far as I know. KYC is mostly associated with centralized exchanges and other services, like casinos.
Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate. The privacy features of bitcoin is very important to humanity, which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Anonymity and privacy is not a crime! Although Bitcoin is only quasi-anonymous and transactions could be traced down to an exchange account/address for example. There are some ways to avoid detection though by using Bitcoin mixers, Tor and DEX exchanges. Everybody should have a right to stay anonymous.
Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate. The privacy features of bitcoin is very important to humanity, which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Privacy in transactions of bitcoin is much important, if their was no privacy it would have cause several criminal attacks. For those who think bitcoin encourages crime because of hiding public data of users don't understand the importance of bitcoin being private. Before bitcoin started existing monetary crime have been existing. Bitcoin is not a reason for monetary crime, bitcoin is just for everyone and does not discriminate but accept everyone.
Anonymity and privacy is not a crime! Although Bitcoin is only quasi-anonymous and transactions could be traced down to an exchange account/address for example. There are some ways to avoid detection though by using Bitcoin mixers, Tor and DEX exchanges. Everybody should have a right to stay anonymous.
It will only become a crime if it is used to evade taxes but still, it is not the problem of the feature of Bitcoin, it is the problem done by the person using Bitcoin to evade taxation.
I just find it very unfortunate that media capitalized on this idea, thus increasing the stigma that BTC had been used for criminal activities.
anyone that so saying that bitcoin has been used for criminal activities so bitcoin is for criminal purpose, lack the reason of creating bitcoin and also don't know the uses of bitcoin and he is even confused about bitcoin so he need extra moral classes on bitcoin so he can develop the understanding of bitcoin and can talk about in anywhere. I have heard people saying that bitcoin is meant for criminal activities. They don't even know anything about bitcoin.One will wonder what the activities in bitcoin are that gives them the money,but it is left for you to tell them the things one does that makes the money available which also gives them and edge over other financial sources.
Not only Illiteracy but mostly those who wanted to demerit Bitcoin has their own agenda and wanted to stop Bitcoin from growing. They are probably more knowledgeable than us when it comes to Bitcoin understanding, the reason why they can easily twist facts and promote misinformation to the masses. Illiterate people will not come up of something and say it, they will just listen to others and make a rumours about it.
Illiteracy and ignorance make people say what ever they like about Crypto,it is normal for them to express the feelings about it but not to talk I'll about it because this is what has really made some many people live bouyantly.I wish they understood that Bitcoin is not related to crime in any way,it is a legit and legal way of making money through investment,either long term or short term.This question of whether Bitcoin is crime related was asked by someone I know sometimes ago,and it only takes time for you to explain in details what it's all about before they will believe you.But if they don't believe after explanation,then there is nothing to worry about because you owe no one explanation.
One will wonder what the activities in bitcoin are that gives them the money,but it is left for you to tell them the things one does that makes the money available which also gives them and edge over other financial sources.
I agree with you, the main factor is that bitcoin is legal under regulation in several countries and if the impact of bitcoin can be dark activities to launder money or opportunities to commit criminal acts then of course regulation of the use of bitcoin will not be legalized in developed countries, so that explanation should have been enough to explain to them that they have a negative opinion against the use of bitcoin, if they don't accept our explanation then there will be no problem and everyone generally knows the use of bitcoin is not for criminal acts under any circumstances. One will wonder what the activities in bitcoin are that gives them the money,but it is left for you to tell them the things one does that makes the money available which also gives them and edge over other financial sources.
I just find it very unfortunate that media capitalized on this idea, thus increasing the stigma that BTC had been used for criminal activities.
anyone that so saying that bitcoin has been used for criminal activities so bitcoin is for criminal purpose, lack the reason of creating bitcoin and also don't know the uses of bitcoin and he is even confused about bitcoin so he need extra moral classes on bitcoin so he can develop the understanding of bitcoin and can talk about in anywhere. I have heard people saying that bitcoin is meant for criminal activities. They don't even know anything about bitcoin.One will wonder what the activities in bitcoin are that gives them the money,but it is left for you to tell them the things one does that makes the money available which also gives them and edge over other financial sources.
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