Blockchain is helping hackers/cyber criminals ??

AteenaD

newbie

Activity: 208

Merit: 0

Quote from: mk4 on February 21, 2018, 10:43:13 AM

Blockchain isn't helping criminals, it's more of criminals abusing and taking advantage of blockchain's anonymity. Hackers and thieves existed since forever.

I agree. Cyber-criminals really love using Bitcoin because of its anonymity. They find it very easy to use because the only information that can be identified are Bitcoin addresses and not names. And all a criminal has to do is get a new address for every crime they commit. It’s also very easy to mask a computer’s IP address, thus making it nearly impossible to be traced.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: First77 on February 21, 2018, 11:42:12 AM

Quote from: mk4 on February 21, 2018, 10:43:13 AM

Blockchain isn't helping criminals, it's more of criminals abusing and taking advantage of blockchain's anonymity.

and what about cyber criminal has $800,000,000 Bitcoins ??

Breaking news: Cyber criminals has stolen a lot more than that in the past even before bitcoin existed, and even worse: private personal information of people. People stealing money and anything of value isn't new.

First77

member

Activity: 266

Merit: 32

Quote from: oaktree on February 21, 2018, 12:27:46 PM

The answer is No. The FBI testified that the blockchain made it easier for them to track criminals. The darknets are switching to Monero as a result.

But hackers are attracted towards anonymity given by Blockchain.

oaktree

newbie

Activity: 23

Merit: 3

The answer is No. The FBI testified that the blockchain made it easier for them to track criminals. The darknets are switching to Monero as a result.

brushtooth

member

Activity: 90

Merit: 11

Quote from: mk4 on February 21, 2018, 10:43:13 AM

Blockchain isn't helping criminals, it's more of criminals abusing and taking advantage of blockchain's anonymity. Hackers and thieves existed since forever.

If it's allowing them the means to take advantage of something then it's helping them. I do understand what you mean however, it's not as if the blockchain has suddenly encouraged many people to start hacking and stealing funds from others.

First77

member

Activity: 266

Merit: 32

Quote from: mk4 on February 21, 2018, 10:43:13 AM

Blockchain isn't helping criminals, it's more of criminals abusing and taking advantage of blockchain's anonymity.

and what about cyber criminal has $800,000,000 Bitcoins ??

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Blockchain isn't helping criminals, it's more of criminals abusing and taking advantage of blockchain's anonymity. Hackers and thieves existed since forever.

sakib.bro

jr. member

Activity: 140

Merit: 2

I don't no about that
but to me, it was useful
thanks for sharing your link mate

First77

member

Activity: 266

Merit: 32

For years, hackers have robbed Bitcoin investors, emptying their cryptocurrency wallets without fear of being caught thanks to the relative anonymity of the blockchain. Now, Cisco (CSCO, +0.32%) has exposed the thieves behind a string of particularly flagrant attacks.

http://fortune.com/2018

All those $50 million hacked and stolen, $30 million hacked and stolen stories since blockchain arrives

Topic: Blockchain is helping hackers/cyber criminals ?? (Read 157 times)