Criminals and money launders adapt to innovations.
Our crime investigation units should too.
Topic: Bitcoin is a hot target for criminals and money launderers. - page 5. (Read 4986 times)
Bitcoin's concept of anonymity is a hot target for the greedy.
So what ? Did anyone claimed that Bitcoin would take greed out of humans ?
Its structure helps criminals do their criminal acts.
Here we go...
They can easily participate on illegal transactions without being traced (or a high possibility of not being traced) by the authority.
Oh yeah ? It's the exact opposite. Bitcoin help making transactions transparent to everyone.
Central bank and government are the cause of most criminality in the world.
The FIAT money is The Biggest Scam In The History Of Mankind.
Please learn about FIAT money and Bitcoin before talking about it.
Thanks.
Donot overstate the drawback.Merchants are still benefiting from providing BTC payment. Don' you see more and more companies are accepting BTC payment? Such Dell, America Airline. It will attract customers with low transaction fee compared to the conventional payment Visa, American Express, MasterCard. There is no charge back.
I didn't invest in Bitcoin earlier for this very same reason. As a result, I lost on the lifetime opportunity to become rich.
As for anonymous transactions, Bitcoin isn't 100% anonymous, if anything, criminals that have a clue on technology would use XMR. So XMR has a place, so Bitcoin can be the "clean" coin and XMR can be the TOR of the cryptocurrencies.
As for anonymous transactions, Bitcoin isn't 100% anonymous, if anything, criminals that have a clue on technology would use XMR. So XMR has a place, so Bitcoin can be the "clean" coin and XMR can be the TOR of the cryptocurrencies.
Bitcoin's concept of anonymity is a hot target for the greedy. Its structure helps criminals do their criminal acts. They can easily participate on illegal transactions without being traced (or a high possibility of not being traced) by the authority. Decentralization also helps them in accomplishing some serious thefts and laundering because nobody has the power to freeze their money unless they're traced by the government. This is just one of the many things why merchants all over the world doesn't accept the idea of using bitcoin into their business. It seems to risky for them to touch knowing that there are many possibilities that they can be victimized by theft and frauds.
There was crime and greedy people before bitcoin also. You cant say bitcoin made them, but that its easier for them now, yeah, it probably is.
But i agree with you that this is pretty big reason why bitcoin isnt more adopted, altho i love the idea of decentralisation, some measures must be taken to protect the innocents from being scammed.
Yes, anonymity and decentralization makes a criminal's job easier. Faster adoption is hindered by these two concepts; merchants and businesses must be intelligent when they use bitcoin as a form of payment to their goods and services because there are many, many, many, greedy people in the world of bitcoin alone.
Bitcoin's concept of anonymity is a hot target for the greedy. Its structure helps criminals do their criminal acts. They can easily participate on illegal transactions without being traced (or a high possibility of not being traced) by the authority. Decentralization also helps them in accomplishing some serious thefts and laundering because nobody has the power to freeze their money unless they're traced by the government. This is just one of the many things why merchants all over the world doesn't accept the idea of using bitcoin into their business. It seems to risky for them to touch knowing that there are many possibilities that they can be victimized by theft and frauds.
There was crime and greedy people before bitcoin also. You cant say bitcoin made them, but that its easier for them now, yeah, it probably is.
But i agree with you that this is pretty big reason why bitcoin isnt more adopted, altho i love the idea of decentralisation, some measures must be taken to protect the innocents from being scammed.
Bitcoin's concept of anonymity is a hot target for the greedy. Its structure helps criminals do their criminal acts. They can easily participate on illegal transactions without being traced (or a high possibility of not being traced) by the authority. Decentralization also helps them in accomplishing some serious thefts and laundering because nobody has the power to freeze their money unless they're traced by the government. This is just one of the many things why merchants all over the world doesn't accept the idea of using bitcoin into their business. It seems to risky for them to touch knowing that there are many possibilities that they can be victimized by theft and frauds.
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