Topic: Criminality and Bitcoin - page 22. (Read 31307 times)

I guess that most of the criminal activities involving Bitcoin are happening within the crypospace - stolen wallets, hacked exhchanges etc. In the outside world, criminals have been happy to use dollars, euros and other FIAT currencies for ages. Cash is far less traceable than Bitcoin, so why should they change?

this was in the past bitcoin used for investing more than crime.
durty money can be used in bitcoin more than dollar but crime is away from it.
police can track bitcoin easy so that people use altcoins to use it in crimes

Although the trading of bitcoin is public, it is impossible to trace the flow of funds through coin trading. If delayed coin trading is done via a dedicated bullnose coinchanger (for example, if A1 is executed by A2, A2 by A3 is executed, and A1 is executed by A1, and the amount of disruption is delayed), the flow of funds Will be completely unable to trace.

Because bitcoin is not issued by a specific monetary authority, it is based on a particular algorithm, which is generated by a large number of calculations, but its total amount is very limited, and it is extremely rare. Scarcity value, and the currency to its global liquidity, concealment was deeply loved by criminal activity, it is not confined to the borders, ethnic and language is not limited to make it act as another name for "crime" of this task.

Yes, absolutely.

The large quantity of men and women who believe that Bitcoin is anonymous, when in simple fact Bitcoin is so opposed to it - all transactions Bitcoin clear and every person in the planet can see the ongoing Bitcoin transaction. 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

Bitcoin is still a currency that can be used in any crimes.It is a powerful material.That can be used for committing and doing any transactions.It can be used as payments, and used as an exchange for different other materials such as drugs.

I wouldn't believe them, how can they use bitcoin for the criminalities? How do they do that? In what kind of criminals? I can use my bitcoin for doing good, helping my family, financial assistance and buying goods and services in different areas. I know bitcoin has a lot of advantages but there are also disadavantages using it. It helped me everything I need.

Some people are using Bitcoins for illegal purpose but that happens with other forms of payments as well like PayPal.

I think that some of us knows about it, that Bitcoin is used for crimes and one of these is the terrorism, I was thinking do they get their much money to buy anything that they wanted, and I thought that they were using bitcoin as one of the reason why they can do that. On the contrary we should remember as people that we should used Bitcoin safely and enlightened our mind to have a knowledge to do good things which will not effect ourselves and our country.

The is no doubt about the fact that criminal activities could be linked to every other currency not just bitcoin alone. And I don't agree with your submission that bitcoin has led to the increase in criminal activities or cyber crime. All criminal activities has been in existence and on the high level before the introduction of Bitcoin.

Most probably it was and is and is to come. Bitcoin isn't not just focusing on advantages. Of course the disadvantages of bitcoin wasn't created in the first place but rather people grab the opportunities to use bitcoin as their income to supply the materials they want. But bitcoin is not with them of course bitcoin is against them the problem is they can't trace who is the criminal.

I think this opinion is only skeptics who in general have a prejudiced attitude towards bitcoins. Criminals did not need a lifeguard to conduct their criminal activities for so many centuries. Why should bitcoin increase crime?

Imagine that Bitcoin is a decentralized Currency and users have a freedom to use it anonymously. We can't deny the fact that it might be use in illegal activities, but every things has both advantages and disadvantages side. So we better chose the right path instead and be wise sometimes to our soroundings.

May with bitcoin it is easer to buy smth that will assist in crime, but I do not think it influenced the statistic of crime significantly.

People should not be surprise when cryptocurrency is used for criminal activities. It should be expected that it can be used by criminals to target people around the world. Best example of this is the ransomware wherein hackers freeze the personal computer/laptop of a person and ransoms people by sending a bitcoin thru a specific address. Since bitcoin is untraceable, the source can't be located.

The number of criminality in some countries in the world is increased, but they should not blame the Bitcoin because bitcoin is very helpful for us when it comes to financials. The real problem is "some of users of bitcoin" taking advantage to do criminality and illicit activities, like illegal drugs and they use to buy guns and etc. that is the one reason why bitcoin was banned in other countries.

Yes, bitcoin develops both advantages and disadvantages, But we must use bitcoin in a nice way or in a positive.

there are two side of the coin -  from one side bitcoin show us a lot of possitive opportunities from another side it open easy and fast way to by drugs, guns and so on
same as with money))))

Cryptocurrencies were relatively quickly noticed by people wishing to make transactions outside the banking system. One of the most famous examples was the Silkroad service, where Bitcoin was used to acquire drugs, weapons and illegal services. Despite the fact that the site has not been functioning for a long time, and its founder is serving a lifetime prison sentence, he is still used as an example among opponents of cryptocurrencies.

Despite many advantages, transactions in BTC are not, however, contrary to the existing stereotypes, fully anonymous. For this reason arose altcoins focused on this aspect and to them belong just Monero or Zcash. Europol notes that transactions with their use can not be assigned to any user or address. All tokens are "hidden" by default and transaction histories are private. Also mentioned is the first case of ransomware centered around Monero - Kirk.

A very interesting example remains the darknet market of AlphaBay, which was closed by Europol in July. Last year, the successor Silkorada added to payment methods Monero and Ethereum and planned to introduce Zcash. What's more, the authorities then took a significant amount of Bitcoin, Ethereum, Zcash and "unknown amount of Monero" to the administrator of the site. However, XMR enthusiasts have received this message very positively as evidence of the resilience of this cryptocurrency.

Criminal online are increasing also as the bitcoin rises such as scammers and hackers are scattered along the world wide web and yes criminals are wiser now. I think they are trying to locate a particular account then they will do their skills on it to have accesa to it without the owners knowledge.