Topic: Criminality and Bitcoin - page 12. (Read 31307 times)
When police can't handle something they used to blame something and bitcoin is the best target. Criminals using fiat money too but nobody cares about it.
It is true that bitcoin and other cryptocurrencies out tgere are sometimes used for criminal activities because if the anonymity feature it provides its users as well as its value in the market, but so is conventional currency. We can't say without further investigations that it is indeed cryotocurrencies that are causing the sudden rise in the amount of criminality.
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Good read somehow mate. I would say that maybe there is. One of Bitcoin's, or cryptocurrency's features is its privacy and lack of paper trail when it comes to transactions, and although its price point always has uncertainties and changes at moment's notice, I still feel that some shady people and organization may use it in their advantage just to get be able to transact and do business with less hiding. I am not saying that cryptocurrency transactions are what fuels increased criminality, but I am saying that since bad guys would do any measure to keep ahead, it's not a surprise anymore if they will use this market too.
Which specific criminal activity can be related to bitcoin?
Yeah i also see some statements about this bitcoin being a cause of criminal things like drugs and terrorism,they are abusing bitcoins anonimity feature in order to do that illegal things freely
For the underworld, BTC is a very good currency. On the black market, it's already been for several years that illegal transactions with payment of BitCoin have been committed. Of course, petty criminals like quick profits, but for some, the anonymity of the transaction is very important. Now, in connection with the growth of currency criminals also want to get it. They generally do not care, the main thing is that anonymously and without intermediaries. If among those present there are such crimes, maybe they will open a small curtain and tell something)
Bitcoin leaves a digital trail. If you want to be truly anonymous, use black bytes by byteball. I do believe that if criminals are actually using bitcoin, the price will be wayyyy higher. This price is nothing compared to how much money is being transacted by mafias everyday. Sometimes real life is even more anonymous because you can meetup somewhere off the grid and you will not be traced by any CCTV. In movies, in order for them to have zero trail at all, they kill the people that knows about them or have a slight idea on what they are doing. In bitcoin, once you have sent money to an address, it will forever be in the public ledger. Anonymous or not?
I can't stress this enough but I do think that there's only a really small amount of criminals that are using bitcoin for their shady activities. First, if you have millions of dollars, are you going to put it in something that you are not really sure of the price? Are you going to put it to something which price goes up and down every single day. I think that people are exaggerated by the idea of deep web but that's just my opinion. I'm no deep web or bitcoin expert.
and what do you say about the mixers? The way bitcoin transactions work causes them to be chained together in a permanent public record. They are traceable along the blockchain from one bitcoin address to another. Bitcoin mixer severs the links between your old address and a new address by sending coins from you to other people and coins from them to you. It also randomizes transaction amounts and adds time delays to the transactions. Generally there is no link between the original transactions and the final address of the coins. This process protects your privacy and prevents other people tracing your payments on the internet.
I definitely believe that there is every possibility that the level of crime rate has increased due to the appearance of the btc, doing money laundering for example is more complicated than transferring millions in btc, btc is a unyielding currency so nobody can know in what is used and for what. It is not related only to crimes, but also to terrorism, you have to be realistic in this. We are dedicated to making money with btc, bad people are dedicated to crime and terrorism with btc
Life is full of up and downs therefore, everything has its pros and cons. Bitcoin has helped a lot of people with the funds it is giving. But with that, there are also people who takes advantage of its anonymity and how decentralized it is. Some said that bitcoin can be used to buy illegal drugs and had it posted that he had transaction for drugs before. So this goes to show that there are also loopholes in the system. With this, I think the admin of the system must develop ways to secure the users even safe-keep transactions for future reference.
For me i think not all criminals always use transactions to do with bitcoin and what if someone uses bitcoin because the popularity of economic expansion in every state really helps with that and yet depends on bitcoin users will be used for crime or goodness. Hopefully bitcoin development process so, as not to be abused from the use.
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
On my mind more people participate in different kinds of activity related to Bitcoin the more authorities are worried about how to monitor, control and regulate people’s activity in the virtual area.
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
As each coin has two sides, BTC also has bright and the dark side. With millions of advantages BTC has won the trust of millions of investors but except from all this, BTC has few limitations or disadvantages too. Being non regulating cryptocurrency, there is no governing body over it and hence there is no one to keep eye over it and this only limitation is used by some social deflauters in terrorism or other criminal activities but as soon as people come to know about the fate of BTC, government will centralized it and then no criminal activities could be possible with BTC. Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
As i have said in my earlier post in another thread that every thing has the darkest side along with the brightest side. Now the thing is its on the people how they use it. Those who are criminal if there were no btc, what you think they will stop and not fullfill their objective? The answer is no. Those who are seeking the path they eventually find the waym thats the rule of nature.
So poking nose on btc if it is using in a crime or not you should also bear in your mind that the way people are getting self dependent those who were jobless.
Its a blessing and a threat to mankind cause its us who commit crimes not btc.
So poking nose on btc if it is using in a crime or not you should also bear in your mind that the way people are getting self dependent those who were jobless.
Its a blessing and a threat to mankind cause its us who commit crimes not btc.
We can't really take off the bad things that can be involved in altcoins and bitcoin because of its nature and the anonymity of its user. It is just like the Famous Silroad Incedent where bitcoin is being used in buying illegal drugs and weapons even hire a mercenary.
I think it depends regarding the people who use bitcoin, because even in late gathering coin if the people throbbing to use or to realize a criminality they can realize it whenever they agonized sensation and where ever they are. Don't just focus going nearly for bitcoin disadvantage to lid the concrete crimanality achievement of added things.
Bitcoin is anonymous and easy, which means its a favorite among criminals. In addition, Bitcoin is not completely untrackable. Bitcoin users can also be subject to theft, scams, and frauds, which some argue is made easier because of Bitcoin’s structure and lack of regulation.
People does like to conect bitcoin with criminality always, its funny fiat is being used for several years to do soo many ilegal things that people looks like ignore it and now are focus into bitcoin, looks like only bitcoin is used to the ilegal stuff. Bitcoin can be traced, as long you know some details, fiat cant be traced and should be the real problem, its insane make bitcoin the only guilty taking only the negative use of the coin, while it had achieved soo many good things.
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
I don't think crime is related to bitcoin. Criminals use bitcoin to trade, but people do not know he is a criminal, so there is nothing wrong with investing in bitcoin. As long as we don't commit crimes, it's hard to know if he's survived. Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Bitcoin is nothing more related to criminals than any fiat currency. But some think that Bitcoin is criminal currency because of Dark Web and more possibilities for money laundering. Some are also using Bitcoin for tax evasion and undeclared income but generaly I don't consider Bitcoin to be criminal or that is more misused than some other currency.
Bitcoin becomes very useful for criminals who want to hide money from the proceeds of their crimes. Because if they save money in the bank, money from criminal proceeds can easily be tracked.
Bitcoin can also be misused by people who want to hide their income from the government, and avoid paying taxes. Then, the state revenue from the tax will be lost because the money can not be traced
Bitcoin can also be misused by people who want to hide their income from the government, and avoid paying taxes. Then, the state revenue from the tax will be lost because the money can not be traced
Everything in this world have their advantage and disadvantages. Bitcoin also have this things. Since Bitcoin is a virtual digital money and the technology today is advance, they used cryptocurrency like Bitcoin in their activities because i think its easier that way.
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
yesterday it was the first time when here at bitcointalk I send a 10 USD Amazon gift card, having faith and received mo bitcoin for it (as I was promised). The same thing happened when the other payment processors were at the beginning, you were buying something and that something never arrived. Yet today, on ebay there is plenty of junk sold for good money. Bitcoin is fast and because its anonimity the criminality is higher. One can find unhonest people everywhere, but this is not a thing to report to authorities, just next time be more attentive with your money and everything will be good. Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
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