Crimes involving crypto have risen - page 16.

Jating

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Quote from: Kemarit on September 07, 2019, 04:24:37 PM

How about this one?

(https://github.com/jlopp/physical-bitcoin-attacks)

It's a repository of known Bitcoin attacks. It's a bit scary though as criminals are going on great lengths now to even attack someone on their home, business and stole your cryptos. And that is why it is very important that you don't flaunt yourself outside promoting Bitcoin. Because once you are spotted, criminals will follow you beat you to death just to get your private keys. So just be careful and stay on the quiet side.

This one causes an alarm specially if criminals are going to used bodily harms against us crypto holders. That is why when you are in public, you shouldn't talk about your crypto holdings. Don't wear shirt that screams you are a bitcoin holder.

I make a mistake once of wearing a BTC logo once or twice, and then I realised that I'm putting risk on my life wherever I go. So yes, then flaunt when you go out, and always be attentive and get away as far as you can when you smell that something is not right on that environment.

Kemarit

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How about this one?

(https://github.com/jlopp/physical-bitcoin-attacks)

It's a repository of known Bitcoin attacks. It's a bit scary though as criminals are going on great lengths now to even attack someone on their home, business and stole your cryptos. And that is why it is very important that you don't flaunt yourself outside promoting Bitcoin. Because once you are spotted, criminals will follow you beat you to death just to get your private keys. So just be careful and stay on the quiet side.

Distinctin

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Quote from: DAVETUN on September 05, 2019, 05:35:00 AM

Crypto currency crime rate on the increase is a major cause prolonging the bull run since 2017, but I feel the figure is exagerated as I tends to wonder how the data was collated, regulation in the cryptocurrency space is the solution to crime menace.

There's no answer but only regulation, we need some strict regulation with big punishment so scammers will not live freely in the space.
With regulation, we can restore the reputation of the crypto space and we will be able to attract new investors to put their money for the future of crypto.

It has been proven during in the previous years how attractive crypto is when it comes to investment, but this attraction also result to big scams due to lack of knowledge by the investors and the scammers talking advantage on the immaturity of the investors. We can't force people to educate themselves before investing, but we can make this crypto space a better world with less scams happening.

DAVETUN

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Bitcoin is the currency of this age

Crypto currency crime rate on the increase is a major cause prolonging the bull run since 2017, but I feel the figure is exagerated as I tends to wonder how the data was collated, regulation in the cryptocurrency space is the solution to crime menace.

virasisog

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just a few weeks ago i am watching a popular tv show here in our country ,where they help people who go to their studio to seek assistance and help.
The offender and the victims where invited to appear on television for clarity and to settle things between the said group. Suddenly out of the blue the victim said that the offender invested it their money to Bitcoin. I was shooked and felt offended that people do misconduct and along with this bitcoin is being quoted as a scam.
I hope in the future people will understand the real concept and purpose of cryptocurrency.

Betwrong

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Quote from: ?? on ??

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Because it is not made by a Government and they consider bitcoin as an outsider and cannot be easily monitored by them.

Bitcoin transactions are called pseudo-anonymous, and for a reason. Law enforcement can trace any of your transactions, and it's just a matter of time when it will be traced to you personally. I believe they need a warrant for this activity, so if you are not a criminal you have nothing to worry about. But for criminals Bitcoin usage is suicide, and that's why BTC is used less and less by them.

You can read more by following the link below:

https://cointelegraph.com/news/bitcoin-no-longer-desirable-option-for-criminals-says-coincorner-ceo

Finestream

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Quote from: vian30 on August 27, 2019, 08:50:14 AM

I don't know why this economic activity is called illegal? can anyone help answer it? but there is little explanation that currency is not inherently bad or evil, it is only a tool used for transactions and in humans for what it is used for. Like foot if used kicking people will be a crime but if the feet are to run then it's a good thing, ....

Because it is not made by a Government and they consider bitcoin as an outsider and cannot be easily monitored by them.

Even if it's not made, they can still regulate it, it's really up to the government but I'm sure they are already looking on bitcoin transaction.
One obvious evidence that they are regulating bitcoin is when we open an account in an exchange, registered or regulated exchanges requires their clients to submit for the KYC requirement before they can use the platform, thing is, the government can't regulate everything at one time, they are starting with the most use platform which is the exchanges.

UstadSoleh

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Quote from: Paulinerims on July 22, 2019, 05:39:46 AM

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

This condition is very alarming, given that crypto has also decreased from 2018 until now. These crypto users are anonymous, so everyone can do anything, including committing crimes.

By looking at the rising crypto criminals, we must also be more vigilant. Don't easily believe in good results without reviewing it first. So that your digital assets can be secure.

randyboy

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Crypto is already involved in a variety of crimes. so I'm not surprised at that, because it's the same as fiat currency. evil people also use it to steal and use it also for evil. wherever that is really happening. the only difference here today in crypto, that it is easier for us to be aware of the trend of other users due to changes made by other projects. so we can see crypto is not made just for that purpose, it helps us today and I don't see anything bad in it to block it.

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Quote from: FIFA worldcup on August 31, 2019, 01:37:35 PM

Quote from: ?? on ??

It will indeed be difficult to avoid the occurrence of crime in the cryptocurrency market, due to the absence of rules from governments or world institutions that can give permission regarding any developing projects or investments that currently exist, making oversight of cryptocurrency weak

I agree that crypto and bitcoin transactions are anonymous, but this does not mean that usage of crypto is only for the crime. It has other advantages too when compare with fiat and therefore the focus should be to utilize the positive aspects of bitcoin and try to find out the ways to minimize the crimes related to crypto.

Of course it's not, I believe that majority of the transaction are legal and as crypto has been use by some for their illegal activities, the government are doing an effort to combat illegal activities. They want to regulate the space so they can implement the anti money laundering act which has been rampant in the crypto space, but like I said, when there is a regulation, this will dramatically decrease since they know they can be trace.

Bitcoin is anonymous in the past, but with exchanges now requiring KYC, I don't think one will be able to enjoy that anonymity if he is doing an illegal transaction as the authorities can always dig on that record to trace transactions from a certain person.

FIFA worldcup

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Quote from: ?? on ??

It will indeed be difficult to avoid the occurrence of crime in the cryptocurrency market, due to the absence of rules from governments or world institutions that can give permission regarding any developing projects or investments that currently exist, making oversight of cryptocurrency weak

I agree that crypto and bitcoin transactions are anonymous, but this does not mean that usage of crypto is only for the crime. It has other advantages too when compare with fiat and therefore the focus should be to utilize the positive aspects of bitcoin and try to find out the ways to minimize the crimes related to crypto.

JohnBitCo

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Quote from: vian30 on August 27, 2019, 08:50:14 AM

I don't know why this economic activity is called illegal? can anyone help answer it? but there is little explanation that currency is not inherently bad or evil, it is only a tool used for transactions and in humans for what it is used for. Like foot if used kicking people will be a crime but if the feet are to run then it's a good thing, ....

The example of the foot does not suit here and crypto currency is entirely a different thing. Why government call it illegal is because they have failed to control it and they will not be able to tax people and regulate the economy if bitcoin becomes the main currency.

Finestream

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It will indeed be difficult to avoid the occurrence of crime in the cryptocurrency market, due to the absence of rules from governments or world institutions that can give permission regarding any developing projects or investments that currently exist, making oversight of cryptocurrency weak

That's something the government has to improve, crypto is already a big thing in this world, it's potential is bright and this will grow in the long run. Government has to be aware of what is happening so they can find a solution to mitigate the risk, most of the victims here are actually newbies who does not have enough knowledge about crypto, in short, they are here because they got scam and they think crypto is a ponzi scheme that would bring overnight process.

With this lack of regulation, it also affect the reputation of the crypto as we cannot stop scammers when they are seeing the popularity of crypto is growing, that only means one thing to them, opportunity to scam.

breathlessz

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It will indeed be difficult to avoid the occurrence of crime in the cryptocurrency market, due to the absence of rules from governments or world institutions that can give permission regarding any developing projects or investments that currently exist, making oversight of cryptocurrency weak

therefore due to the absence of statutory regulations, criminal acts are rampant, and they cannot be prosecuted. therefore we ourselves must be careful to anticipate criminals who threaten our wallet, and we take full responsibility for it

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Wherever there is money or anything of value, there is always someone who tries to get hold of it using illegal systems.
It does not seem to me that this is an exclusive of the crypto. At some point, we certainly can't abolish money because thieves exist

Really on point and that’s why government can’t stop cryptocurrency even if there’s a lot of illegal activities having good regulations can lessen that number. Crimes are already part of the society and even government can’t stop that because they do some hidden crimes too so its normal and crypto will still continue.

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Quote from: hahay on August 27, 2019, 05:43:02 PM

Quote from: ?? on ??

Wherever there is money or anything of value, there is always someone who tries to get hold of it using illegal systems.
It does not seem to me that this is an exclusive of the crypto. At some point, we certainly can't abolish money because thieves exist

Yes, because crime will at least always be there, therefore there are security forces who are always on guard and all the regulations made at least there will be violations of all of which continue to occur repeatedly. But indeed, when bitcoin or cryptocurrency is increasingly popular, most crimes that occur always involve cryptocurrency there which of course is damaging the image of the cryptocurrency market itself.

The government knows they can't stop the popularity of bitcoin, this is a global currency and a global investment at the same time, therefore the potential to grow fast is very high, I think now we've seen some improvement in regulation as there are already actions to regulate on most countries where crypto is already starting to gain popularity.

I'm confident that we the growth of crypto, regulation are also at place because that is necessary for continues growth, we don't want see the bad image of crypto and at the same time, the government does not also want to see an increase of scams and fraud, so they'll try their best to stop or minimize it.

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Quote from: ?? on ??

Wherever there is money or anything of value, there is always someone who tries to get hold of it using illegal systems.
It does not seem to me that this is an exclusive of the crypto. At some point, we certainly can't abolish money because thieves exist

Yes, because crime will at least always be there, therefore there are security forces who are always on guard and all the regulations made at least there will be violations of all of which continue to occur repeatedly. But indeed, when bitcoin or cryptocurrency is increasingly popular, most crimes that occur always involve cryptocurrency there which of course is damaging the image of the cryptocurrency market itself.

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Quote from: vian30 on August 27, 2019, 08:50:14 AM

I don't know why this economic activity is called illegal? can anyone help answer it? but there is little explanation that currency is not inherently bad or evil, it is only a tool used for transactions and in humans for what it is used for. Like foot if used kicking people will be a crime but if the feet are to run then it's a good thing, ....

This is akin to the fact that if terrorists drink water, then it must be banned. That is absurdity. Here you are right.

vian30

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I don't know why this economic activity is called illegal? can anyone help answer it? but there is little explanation that currency is not inherently bad or evil, it is only a tool used for transactions and in humans for what it is used for. Like foot if used kicking people will be a crime but if the feet are to run then it's a good thing, ....

moonhub

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Quote from: EdenHazard on August 27, 2019, 04:58:44 AM

Quote from: lixer on August 27, 2019, 02:57:33 AM

People would only need to be careful same way we are being careful with fiat also, because fiat system is the worst when it to scam rate, and we still have many people that still has not got burnt, the way we are careful is also the way we will be careful with crypto investment also. All these are there because it is still a very young system, and as we continue to move further into more development, there will be so many things that will be put in place to control this.

We have already had the implementation of kyc which is already doing its own work, and sooner than later, as government are beginning to accept crypto now, they will also come up with series of idea that would control the misuse of the cryptocurrency for illegal purposes and these figures will reduce.

Government to control cryptocurrency? Lol are you serious supporting this? Sounds like it's against satoshi vision .. it's obviously against cryptocurrency vision itself that supposed to be remain decentralized, this kind crime issues, abusing the cryptocurrency technology is something really normal to bring up to the public as an effort for those who don't like cryptocurrency become a mainstream thing.

Ignore this kind issue and stop beating around the Bush guys...

These guys from the government are constantly trying to rake up the crypto for themselves. People do not need a centralized cryptocurrency.

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