Topic: Criminality and Bitcoin - page 19. (Read 31307 times)

I agree with you, not all criminals use btc in their bad activities, because not all criminals have an ideas how to use it, but maybe this is the simple way to make their transactions faster and they can hide their personality. Maybe those big time criminals used btc on their illegal, because they want to get easily money. But before it was created their already criminals in this world, i think they will not use bitcoin in some illegal activities.

criminals are very close to bitcoin, bitcoin is also very easy to be used as a crime or criminal tool because bitcoin can not be audited as a person's wealth, therefore this can be used as a tool to store criminal proceeds such as corruption and others but not just bitcoins that can used as a tool of other currency crimes can also be used as a criminal tool such as bitcoin

Yes, it is the mode of payment on dark web, since it is decentralize and untraceable. It is the negative side of bitcoin because the identity of transactors are anonymous.

There are always two sides of a coin.  Night is linked with day.  After every sunshine there is sunset.  Every man has good as well as bad habits though the ratio differs from person to person.
Criminality can not be linked to just the usage of bitcoin.  Criminality existed at the times of paper currency too though payment modes may have been some different. 
Criminals are criminals ; they always try to find their own ways to perform criminal activities ; they try to do it with any source.  With strict supervision; laws etc society always try to control them. 

the first appearance of bitcoin many people forbid it because it considers there will be a greater crime, but all or just an opinion that makes people afraid to do it and that opinion really happened crime. bitcoin has determined crime wars and just as I work on the internet, but bitcoin has a positive value that makes users who do not commit crime. it all depends on its users because the action will bring success and ugliness.

I think there's a effect between criminality and bitcoin. Like if you educate everyone with the concept of bitcoin, a large percentage maybe,  will be more careful in spending money as well investing and i think it may help lessen the thieves and anykind of criminality doings in terms of money. Bitcoin may be a great help and a great start for keeping up your financial needs and problems.  But i think dont still settle for bitcoin find something else for your earnings to keep your financial needs as well.


And the other side to those who use bitcoin as a criminal doing.  I think it is the individuals fault not the bitcoin itself.  It his/her moral anyway. It depends on the person on how he or she will use the bitcoin,  is it for good or  for bad terms.

every thing there is advantages and disadvantages . It's good and bad part is all depends up on user.If the user is using bitcoins for  criminal  activity that must be illegal ,it not in our hand and it's not our fault .  we can't control it also. There is no solution for this problem.Folks could not be ready to link a particular personal id to a Bitcoin transaction immediately (this is why occasionally Bitcoin is also known as pseudo anonymous), but if they uncover it, then they can see all the transactions you have completed on the Bitcoin community. This is why Bitcoin is the incorrect way if you use it for items that are not correct.

Although bitcoin is not fully anonymous but criminal can use bitcoin without any trouble anymore. Now they are very easy to use bitcoin for criminal.
The problem is not from bitcoin because criminal has been exist long time ago before bitcoin was born.

There is a lot of crime around the btc as soon as there is money to be made there will always be dishonest people to enjoy it is a pity it gives a bad image of the BTC and the media or states take advantage to use it to scare

Because of bitcoin is not under to any government thingy then there are lots of criminalization happen in Bitcoin world. Some of the illegal things are happen in Deepweb and darkweb which it is a site that is hard to access.

Bitcoin haters are claming that bitcoin is linked to criminality but this is not true for me. Criminality is linked with everything. Not only bitcoin, let's say.

There are many types of criminal. I agree with you there are not much criminal know how to use Bitcoin and cryptocurrency. Bitcoin can be old with us and other large countries, but in my countries, just less than 100 people know how to use Bitcoin to scam and use it for private transaction .

Having bounced back at the end of last year, bitcoin has lost some of its fans who are now turning to other digital money.

Bitcoin, once used on the black market, is now beginning to be abandoned. Other virtual money monies such as monero are starting to become an option in the criminal world because they are able to avoid tracking. The bitcoin movement on the black market is beginning to be traced by security forces through special software. Thus, the use of bitcoin related to money laundering or other criminal acts can be detected and foiled.

Europol, the European Union (EU) security authority, reports there are some other virtual money like monero, ethereum, and Zcash are gaining in popularity. The currency is being used in ransomware attacks.

On December 18, 2017, hackers who attacked more than 190,000 Wordpress sites per hour asked monero as a ransom.

Monero's valuation jumped four-fold to US $ 349 in the period November-December 2017. Meanwhile, bitcoin grew twice in the same period.

Monero prices have risen 7% since the turn of the year. Monero, which appears in 2014, will encrypt the recipient address in blockchain and create a fake address to obscure the original sender's identity. The transaction value will also be obscured. This technique is so powerful that the software in charge of knowing the problem transactions now marks all high-risk monero transactions. The bitcoin transactions that allegedly problematic only 10%. What is done as a high risk is the action that turns the owner of the funds into anonymous. How to prove these funds do not come from illegal sources

I don't think crime has much to do with bitcoin. If there is no bitcoin, crime still exists. Not all criminals use bitcoin. Only a small fraction of criminals use bitcoin. If there is no bitcoin, there may be something else instead of bitcoin.

Criminal activities have existed already before bitcoin, don't blame the bitcoin because trade with bitcoin for illegal purposes of. I think it depends of the user's motives because without bitcoin criminal will always exist.

You can use a knife to slice a fruit or kill someone. You can't blame the knife!

I do not think so.
At least in some countries, example Japan and Korea, the government accepted the cryptocurrency activity.
As long as the government can manage the activity of cryptocurrency exchanges, they can know all activity of crypto users in their country.
Beside that, they still have some technical expertise to track the criminal activity.

Everything has a good side and a bad side. It is a double-edged sword.

Bitcoin is a good place to pay for illegal goods and services, as well as money laundering. Mainly people who use bitcoin.

Everyone has its own interpretation and outlook towards bitcoin. And this criminality that was coincided in bitcoin is the one reason why bitcoin isn't accepted in our society today and that is also because of the user of bitcoin too that they used it in a bad way. We don't know why did they do that because each and everyone has a freedom to used their earned bitcoin either it was in a good and in a bad way.

They should also look at how bitcoin can be used in other aspects financially not just in illegal activities.And would you believe that the existence at bitcoin has increased the number of criminality in some in the world.

It's very unfair that people partner bitcoin with criminality because the physical cash has been used many times and not just for drugs and money laundering but worse than that. If crypto get much more regulated, I'm sure that these criminal activites going below minimal.