Bitcoin itself was meant to solve a problem in the financial system and was not created to use for criminal activities, rather individuals sort to use Bitcoin for illegal activities and comparing the number of illegal activities done via Bitcoin is way low than the ones done via the fiat currency.
Because of its transparency, anyone can monitor or trace whatsoever transactions carried out on the Blockchain.
So it is the duty of the government to put measures in place to prevent using cryptocurrency for criminal dealings.
Topic: Bitcoin has nothing to do with crime - page 6. (Read 1184 times)
Bitcoin has been created for easy way of holding without third party to know you're having Bitcoin, accept you discussed it out, holding Bitcoin is not a crime, because is a digital assets which can be used for online business and more profitable, when you have full knowledge of making used of Bitcoin, that is Bitcoin trading and investment give more profits as long you can hold.
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.
It's just a classic story that is always wrapped in some excuse that bitcoin is bad. This happens often and the reason remains the same because bitcoin can be used by irresponsible people to carry out their actions.But actually if you look at the comparison of fraud or scam cases that are currently happening isn't fiat also the same. what's the difference with bitcoin? why aren't they called dangerous? the only reason I can see is that fiat has always been one of the main needs for all of us and bitcoin is only a small part of that but on the other hand of course with reasons like this we come to know that saying bitcoin is dangerous because it indicates the crime factor is only a made-up reason to weaken bitcoin.
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.
This is a story that has already been debunked several times: first of all bitcoin is not completely anonymous, every single transaction, every single movement is stored on the blockchain and therefore it's possible to follow the coins. Even when mixers are used. There have been some cases where the FBI managed to follow stolen bitcoins despite the thieves tried to do everything to hide them. On the other hand cash is way better for criminal activities. 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.
No money offers more flexibility and convenience than Bitcoin. It allows everyone to trade. You demonstrated how Bitcoin provides freedom, safety, and anonymity. Bitcoin is safe and ideal for privacy, as you indicated.
Isnt it odd that Bitcoin, a stateless currency, isnt accepted everywhere? Bitcoin is banned in several countries because trades are illegal. Thats not true, though. Bitcoin must be excellent because people trade it privately. Yes, no one would complete a transaction without privacy.
Bitcoin's independence, security, and anonymity make it beautiful. The bargain makes life easier for everyone, thus its not a crime. Privateness makes Bitcoin secure, therefore people trade with it.
Nah, cash or mobile banking is more convenience and preferred than Bitcoin. Why? you don't have to pay any fee, the process is very simple and you don't have to wait for your transaction to be confirmed. Isnt it odd that Bitcoin, a stateless currency, isnt accepted everywhere? Bitcoin is banned in several countries because trades are illegal. Thats not true, though. Bitcoin must be excellent because people trade it privately. Yes, no one would complete a transaction without privacy.
Bitcoin's independence, security, and anonymity make it beautiful. The bargain makes life easier for everyone, thus its not a crime. Privateness makes Bitcoin secure, therefore people trade with it.
Bitcoin is only good as a currency when you buy something in online marketplace or you're transact with other people outside your country, you don't need to use international service and something like that.
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.
Bitcoin does not encourage crime as it is said. Those who say that do not fully understand the privacy concept of using bitcoin or cryptocurrency. However, criminal minded individuals would really appreciate the fact that they could carry out huge financial transaction across country and continent and no financial or security institution can be a barrier and with no delay. I hope you know that if huge financial transaction is made in the conventional bank, it is easier to call the individual for investigation.
We simply need to educate the public what bitcoin and cryptocurrency really is and how it works because criminal minds would want to exploit any opportunity to perpetuate their ill
Bitcoin can be used by anyone whether it can be for legal or even illegal purpose. Now, having said that, it would be good to remember that it is the same thing with the fiat money - and in fact there are now proofs that as of today most of the illegal or illicit transactions are done with the usual fiat money with only a little portion done via cryptocurrency. This is just like the modern communication technologies we have...they are all open to anyone and it would be so hard to stop criminals to be using them.
You and I both agree. Some people simply have negative thoughts about bitcoin.
Most of the people that are having negative thought about bitcoin don't really know about bitcoin, most of them do listen to what the government say about bitcoin or what they see about bitcoin on social media, and they will start having negative impression about bitcoin, but when they truly get to understand what bitcoin is all about, then their mindset will change, that's why if i see anyone that's against bitcoin, i do take my time to explain what bitcoin is all about, which at the end some them might end up having change of mindset. The Government is just fighting for their own selfish interest that's why they are really against bitcoin.We are all aware that criminals can use Bitcoin, but it can also be utilized for our safety so that we can transact millions of dollars without anyone knowing who we are. You are aware that criminals will urge you to do evil things if they know you have a lot of money. We should therefore consider Bitcoin favorably and the advantages it offers us. At all costs, we should have to defend ourselves against criminals by keeping our identities a secret.
Bitcoin is a currency, so its normal for it to be used for illegal things, every currency is been used for illegal things but the government is making us feel like its only bitcoin that's used for crime, but bitcoin was just created in 2009, and illegal things are being done even before bitcoin was created, so which currency were the criminals using before bitcoin was created? Fiat currency was used to commit crime before bitcoin was created and up till now, so why are people not complaining that fiat currency is use for criminal activities. 
Those who want to increase their financial transactions can definitely do it with Bitcoin because Bitcoin is independent, anyone can access it and make transactions. Although Bitcoin is currently considered illegal in many countries, they consider Bitcoin transactions to be a crime. But many countries are enjoying their benefits by trading by Bitcoin and moving forward economically I think Bitcoin trading can never be a crime. By transacting by Bitcoin anyone can easily access and complete the transaction with security which gives convenience to the people. When a person's privacy is most important in a transaction, transactions with Bitcoin can be done with security. Without the privacy of Bitcoin, surely no one would complete a transaction with Bitcoin, so people trade with Bitcoin because of this privacy of Bitcoin. It is true that Bitcoin is not for everyone because those who transact Bitcoin must have the privacy that Bitcoin offers complete security to all individuals.
No money offers more flexibility and convenience than Bitcoin. It allows everyone to trade. You demonstrated how Bitcoin provides freedom, safety, and anonymity. Bitcoin is safe and ideal for privacy, as you indicated.Isnt it odd that Bitcoin, a stateless currency, isnt accepted everywhere? Bitcoin is banned in several countries because trades are illegal. Thats not true, though. Bitcoin must be excellent because people trade it privately. Yes, no one would complete a transaction without privacy.
Bitcoin's independence, security, and anonymity make it beautiful. The bargain makes life easier for everyone, thus its not a crime. Privateness makes Bitcoin secure, therefore people trade with it.
Of course Bitcoin is not the reason nor the cause of crime we see that involves crypto. As what you've said, anonymity is a distinct and important feature that Bitcoin has. It's purpose is for safety reason, it's just that people tend to take advantage and exploit it for their own doings even if it's illegal. And we can't erase that since it involves money. Even in normal transaction involving fiat, different crimes are still present.
People who think Bitcoin has something to do with crime, doesn't fully understand what Bitcoin aims.
People who think Bitcoin has something to do with crime, doesn't fully understand what Bitcoin aims.
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.
Right and wrong.
It definitely enables crime or makes it easier. To say it has nothing to do with crime would be the same as saying guns have nothing to do with murder. They can be used for murder, but not necessarily have to. Same for bitcoin, it can be used to commit crime, but doesn't have to.
In the beginning for example bitcoin was the go to payment for silk road (as we all know). Well, dealing drugs is a crime. So bitcoin had something to do with it.
I am not saying bitcoin is a "crime currency" or is encouraging crime, it's far from that.
Just saying the topic name is wrong, it definitely makes it easier to do something crime related f you really want to. Like for example money laundry, buying illegal stuff, circumventing limits of bringing valuables into a country, and so on.
A lot of people do not see the same level of anonymity that "cash" gives to criminals ..than what Bitcoin gives to people. This is why there are a global shift to eliminate "cash" and to replace it with centralized digital technologies.
The governments of the world hate any technology that can reduce their control.... they need to know everything about people's finances. They need to know everything about your finances, because it pays their salaries with the taxes you have to pay to them.
The governments of the world hate any technology that can reduce their control.... they need to know everything about people's finances. They need to know everything about your finances, because it pays their salaries with the taxes you have to pay to them.
There has been a high rate of kidnapping in my country and all of the ransome payments are paid through cash. And most of these payments have not been used to track these criminals. There are limited means of tracing cash transactions. Bitcoin was just created for common men to have control of their money so that they can live a private life. I have never been involved in any criminal activities but I don't also want anybody to know how much I am worth and how I run my financial life, this is why my only option is Bitcoin.
I so much agree with you , over the years cash have been used till now as a method of payment for crimes, illegal businesses and their is no way this can be traced by the people who commits this crime. In the country where I come from the rate at which some persons make fake cash is very high, this fake cash is just exactly as the original money which can be use in exchange for goods and services, and those with are involved into these criminal act can't be traced.Cash is usually use to commit more crimes than with bitcoin, every transaction made with bitcoin can be found in blockchain which can be tracked.
Yes that is true, people always think that bitcoin has been the best way of scam.
And secondly In most of the bitcoin machines they always write beware of scam, that doesn’t mean bitcoin is scam they are actually telling you to be aware of who my ask you to send bitcoin regarding to one or two reasons for transactions.
This is because of it difficult to trace the transactions after it has been done.
And secondly In most of the bitcoin machines they always write beware of scam, that doesn’t mean bitcoin is scam they are actually telling you to be aware of who my ask you to send bitcoin regarding to one or two reasons for transactions.
This is because of it difficult to trace the transactions after it has been done.
Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime.
Even though Bitcoin is not about crime, people's minds are washed with crime propaganda. People trust and believe the most in what they see. Social media rarely post something positive about Bitcoin. TV and movies are even worse. For example, if we search on IMDB for Bitcoin, we would find only crime related movies. Media and the internet have already created a negative vision for Bitcoin. When people hear about Bitcoin, first they thing are crime, money laundering, scam, drugs. It is close to impossible to change such point of view.
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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.
You are totally correct, crime has been in existence as the one of the attributes that's follow the human free nature of choice and most people tend to choose wrongly even as far using something good and helpful like Bitcoin and they totally abuse it by violating it's main purpose. 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.
Bitcoin is a decentralized money and it's creation was to eliminate third party involvement in your financial life which so far has been working splendid and that's the major reason why the spread of FUD against Bitcoin is growing everyday even by the so called government because they can't seem to monitor your financial life.
And I think the problem is not on them, but the bad guys who take advantage of it and appear in the news which was heralded by the media.
When someone misjudges a problem, it's their fault, they have no knowledge of it but always think they are intelligent and right. So I'll take it as their fault. If someone thinks bitcoin is related to crime then ask them, crime came first or bitcoin came first, and what criminals used before bitcoin. Like gun crime, the crime here is the gun user, not the gun maker, and it's not the gun's fault. It can be said that crime is formed from human behavior. Those who understand that but still insist on blaming bitcoin, you should stay away from their stupidity to avoid wasting time.
Bitcoin has nothing to do with crime
Yes. Absolutely nothing to do with any crime. Because the crime is an act or act of an intelligent being committed against a legal action as well as an explanation of the meaning of the crime itself.People who say Bitcoin is a form of crime in the context of cryptocurrencies because the privacy that exists in Bitcoin is determined by each individual with steps and facilitates transactions without having to involve third parties so that they are not as profitable as the profits obtained by bankers on customer money.
Actually they have no other task than to say Bitcoin has something to do with crime.
A crime that can't be explained from what point of view if we ask it rationally.
Those who want to increase their financial transactions can definitely do it with Bitcoin because Bitcoin is independent, anyone can access it and make transactions. Although Bitcoin is currently considered illegal in many countries, they consider Bitcoin transactions to be a crime. But many countries are enjoying their benefits by trading by Bitcoin and moving forward economically I think Bitcoin trading can never be a crime. By transacting by Bitcoin anyone can easily access and complete the transaction with security which gives convenience to the people. When a person's privacy is most important in a transaction, transactions with Bitcoin can be done with security. Without the privacy of Bitcoin, surely no one would complete a transaction with Bitcoin, so people trade with Bitcoin because of this privacy of Bitcoin. It is true that Bitcoin is not for everyone because those who transact Bitcoin must have the privacy that Bitcoin offers complete security to all individuals.
And I think the problem is not on them, but the bad guys who take advantage of it and appear in the news which was heralded by the media.
When someone misjudges a problem, it's their fault, they have no knowledge of it but always think they are intelligent and right. So I'll take it as their fault. If someone thinks bitcoin is related to crime then ask them, crime came first or bitcoin came first, and what criminals used before bitcoin. Like gun crime, the crime here is the gun user, not the gun maker, and it's not the gun's fault. It can be said that crime is formed from human behavior. Those who understand that but still insist on blaming bitcoin, you should stay away from their stupidity to avoid wasting time.
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