Criminality and Bitcoin - page 27. | Bitcointalksearch.org

devil jin

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Quote from: Xester on May 24, 2017, 12:11:25 AM

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.

Well, that was really common and normal that with the sense of being beneficial, a certain thing can be used to tolerate such negative actions even though it is not really intended or made to be used up to support those bad actions. Maybe it is really true that because money can now be easily accessed with the used of being virtual, criminality rises but that was due to the irresponsibility of those users so we must not blame it all into Bitcoin and other types of cryptocurrency.

1NV3ST0NM3

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Quote from: Xester on May 24, 2017, 12:11:25 AM

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.

Does this means there was lesser crime when we had cash transactions? Its just creating some negative buzz for bitcoin. There are always two types of people in the world. One who use an investion as a virtue while other use it as a vice. So better be the one who you use it as a virtue. There is just one flaw in bitcoin which is its anonymity which gives rise to such suspicious activities.

loof99

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Bitcoin hates illegal activities or criminalities such us drugs, hackings, fraudulent activities and etc.
They are not tolerate these things so they provide a security that will monitor this such activities and immediate provide necessary action. Al people engage in this activity will be punishing by the law.

AmericanBit

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Quote from: alkenestoke on January 10, 2018, 11:12:56 PM

It’s up to the people how they are going to use their Bitcoin money. But, sadly, some are using them for illegal transactions such as buying drugs or weapons.

Yeap, but we don't live in the perfect world, so there always will be people who will use this or that thing for illegal purposes.

mangkiko

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Bitcoin has become the currency of choice for cybercriminals. Its distinctive characteristics of decentralisation and pseudo-anonymity are also attractive to criminal actors in general, and yet Bitcoin has been assessed as representing only a low money laundering risk. In many respects, cryptocurrencies are still viewed as an unfamiliar, marginal phenomenon restricted to the purview of specialists. This article seeks: to demystify the Bitcoin concept; to demonstrate that, far from being low-risk, Bitcoin constitutes a substantial danger in terms of criminal enterprise; and to promote the case for greater awareness among criminal justice professionals and law enforcement officers in particular.

bitfocus

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not every crime can be linked to Bitcoin but I am pretty sure every crime can be linked to Money and Gold or other precious things - will you stop using money and go back to stone age? people who think bitcoin is crime money just need to grow up because Bitcoin is a serious thing, not lollipop for kids.

maichimoto

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Quote from: Xester on May 24, 2017, 12:11:25 AM

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.

btc works well for some criminals, nobody can deny that. it doesn't mean it also doesn't serve a lot of good too

suvo05

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Quote from: alkenestoke on January 10, 2018, 11:12:56 PM

It’s up to the people how they are going to use their Bitcoin money. But, sadly, some are using them for illegal transactions such as buying drugs or weapons.

You can not blame bitcoin for that. If there is no bitcoin then the same people will find an alternative to the bitcoin for the illegal transactions. Bitcoin is just a mode of virtual transaction and the criminality is occurring in reality. But we are ignoring the reality but blaming the virtual.

ICO Lancer

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Quote from: djlasdlsk on January 10, 2018, 01:20:32 AM

Bitcoin is not criminal,criminal also using the bitcoin for their bad things.bitcoin transactions can do with anonymous names,so they are doing scams with bitcoin.

Yes of course using and holding BTC is not crime itself, but we should admit that it is often used for criminal activities, especially for money laundering and buying illegal staff.

AmericanBit

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Money laundering should be mentioned when we talk about criminal usage of bitcoin.

alkenestoke

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It’s up to the people how they are going to use their Bitcoin money. But, sadly, some are using them for illegal transactions such as buying drugs or weapons.

altGear

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PRiVCY

Have they looked at FIAT recently....? I can send cash to anybody in the mail and it's untraceable...

djlasdlsk

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Bitcoin is not criminal,criminal also using the bitcoin for their bad things.bitcoin transactions can do with anonymous names,so they are doing scams with bitcoin.

senin

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Bitcoin played a certain role in the direction of increasing crime. However, this should not in any way affect the distribution of crypto currency throughout the world. Technical progress can not be stopped only on the grounds that someone will try to use certain things for criminal purposes. Virtually any items of the material world can be used for their illegal purposes. This is a problem of law enforcement bodies, which must oppose new kinds and methods of criminal actions.

Tonydman97

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Bitcoin sophistically attracted criminality as it's
internet and computer security is extremely weak. It is subject to theft, scams, and frauds, which was made easier because of its structure and lack of regulation. The very nature of Bitcoin makes fraud prevention hard, and no way to revert the transaction. This makes easy for scammers to get their money and run.

Even though Bitcoin can make it easier for criminals, it still is a perfectly good investment and form of payment. Any form of currency has illegal users, Bitcoin is no different in this regard.

streetlight

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Quote from: Gabrieelle on January 06, 2018, 11:02:21 PM

Quote from: wxa7115 on January 06, 2018, 08:33:34 PM

Quote from: BORDS on January 05, 2018, 04:58:29 AM

i do believe that one of the very reason why bitcoin become popular during its early stages was due to the support or usage obtained from criminal activitues.
We cant deny the fact that bitcoin has been by criminal since they have also seen the advantage of using it to conceal their transactions.

It would be naive to think criminal activity wasn't a major factor back in the day, but now most of the users of bitcoin are traders and users which want to earn money in a legal way, this is nothing new, a significant number of new technologies are adopted first by the military or by criminals so I don't think bitcoin is unique in that aspect but thank god we've left those years behind us.

Everything starts at the bottom I guess since there where less people using bitcoin back then they saw it as an opportunity to use it as a medium on making their illegal transactions but still there are people using it for themselves. Especially now a days that earning bitcoin is a great source of income a lot of people are engaging to use this and they cannot really identify who is using it for illegal transactions because you reamain anonymous through out the process.

As most things that end up being accepted by society, they often end up being first used for illegal purposes. Bitcoin is not exception. It is used by crimnals to this day, although they have more recently switched over to Monero because it offers truly anonymous transactions whereas BTC is obviously only pseudo-anonymous in that if your identity is discovered your transaction history can all be traced.

An0nyMoose

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Quote from: wxa7115 on January 06, 2018, 08:33:34 PM

Quote from: BORDS on January 05, 2018, 04:58:29 AM

i do believe that one of the very reason why bitcoin become popular during its early stages was due to the support or usage obtained from criminal activitues.
We cant deny the fact that bitcoin has been by criminal since they have also seen the advantage of using it to conceal their transactions.

It would be naive to think criminal activity wasn't a major factor back in the day, but now most of the users of bitcoin are traders and users which want to earn money in a legal way, this is nothing new, a significant number of new technologies are adopted first by the military or by criminals so I don't think bitcoin is unique in that aspect but thank god we've left those years behind us.

Not only was Bitcoin used for criminal activity back in the day, but that was it's main use actually. Most online drug dealers, weapon sellers and other illegal activity providers would use BTC to accept payment for their services because it offered relative anonymity and ease compared to any other method that was easier for governments/authorities to trace.

TeLlMeFrY

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Spanish Translator

This is sad but it´s probably true. The biggest revolutions always have good and bad things and Bitcoin shamely is not the exception. I hope that in some years it will change, but with the current situation this trend will keep growing.

Tatalk

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Quote from: Xester on May 24, 2017, 12:11:25 AM

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.

Heads and tail, the two sides of each coin. In a similar manner if anything has numerous advantages then it too possess disadvantages also and the so with BTC. BTC is boon for the humanity but due to its decentralization, it often engaged in several criminal activities including serious threat like terrorism and that is the reason why several countries had complained about BTC as being use for criminal activities. So in the future centralization of BTC is very much necessary.

luka red

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bitcoin can be used as criminal purpose. because whether you use it for good or bad work depend on you.it is not human being or it has no artificial intelligence that prevents it from bad ppurpose. it is just a digital currency. it is unfair to blame bitcoin.
but it is also true that criminals always search for the opportunity of any system for their purpose.so crime can be increased. if justice is everywhere criminals reduce then there will be no problem.
so the government which blaming bitcoin, you may first find criminals and reduce the quantity then blame bitcoin.

Topic: Criminality and Bitcoin - page 27. (Read 31307 times)