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Topic: Criminality and Bitcoin - page 38. (Read 31307 times)

member
Activity: 171
Merit: 10
November 28, 2017, 06:41:07 AM
It is unfair if we put all the blames to bitcoin whenever we hear that there are crimes associated with crypto currencies. I do believe that increasing the crime rate  is not the intention of bitcoin. But if criminals are using it then we can't help it. That's how the minds of criminals work.
full member
Activity: 504
Merit: 100
November 28, 2017, 06:13:23 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.

I believe that's the advantage of bitcoins being exploited by criminals. It's untraceability allows bitcoin to be used in transactions of large amounts of money from different side of the earth. It can also be used in illegal transactions like buying drugs or money laundering with ease.
hero member
Activity: 644
Merit: 500
November 28, 2017, 06:11:26 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.
I agree to you somehow because bad people find easier to do their bad jobs due to the existence of bitcoins therefore this results to increasing number of cyber crimes. They take advantage on bitcoin's security aspects in doing their transactions, they now prefer more to deal with others through the cyber world because they believed that police authorithies will find harder to trace them which makes them more confident in doing their businesses. That's why even payments done in crimes like buying and selling of illegal firearms, illegal drugs and even slavery that are typically done in person-to-person meetings are now done with the help of bitcoins.

These things are very disappointing to know buy we can't escape the truth that bitcoins can also be used to do evil deeds.

Unfortunately it is very disappointing. I love everything about bitcoin and crypto currency market but knowing that dark side is also in the market makes me very sad.

that's illogical as bitcoin is also a currency so how it can avoid being use inside criminality? I don't get the point that you are disappointed mate we should consider it as another ways of introducing bitcoin to its much bigger venue the more issue that has been created to give negative feedback with this investment the more people getting ideas of good opportunity to ride with it.
Although we can not make the criminal stop using Bitcoin for crime, but the fact, we can minimize the activity of them in cryptocurrency. They can not use normal exchange to cash out, they need to use private exchange through dark web or other platform.
Exactly, There is no point of supporting this argument that bitcoin is resulting in increase in number of crimes. In fact, there is no way that bitcoin can do anything in this aspect. It is the owners of bitcoin which are using it, now it is up to them for what kind of purpose they actually use their bitcoins. This is just a misconception that bitcoin is promoting criminality in this world.
hero member
Activity: 1139
Merit: 500
November 28, 2017, 05:07:05 AM
In my opinion, criminal will always do their best to push their criminality activity. Bitcoin is not a crime even some government don’t accept it. But bitcoin passed into some government hiring, and they pass it. For me, bitcoin is not a crime some people just think that bitcoin is a criminal activity, because the identity of the user is so limited that you can know how is that person and what will the user will do to it.
Well bitcoin can really belp decrease criminality because of the huge profit that people can gain even in a simple way of buy and selling .I believe that if the  criminal will really know how to do bitcoin maybe they can get interst on doing  it and in a long run maybe it can become thier great asset for survival.maybe these would be a great opportunity of gaining than to risk thierlife doing a crime for money.I think no one will risk thier life for money if there are a simple way to gain.
full member
Activity: 294
Merit: 105
November 28, 2017, 04:59:03 AM
In my opinion, criminal will always do their best to push their criminality activity. Bitcoin is not a crime even some government don’t accept it. But bitcoin passed into some government hiring, and they pass it. For me, bitcoin is not a crime some people just think that bitcoin is a criminal activity, because the identity of the user is so limited that you can know how is that person and what will the user will do to it.
4U
member
Activity: 195
Merit: 10
November 28, 2017, 12:13:29 AM
Bitcoin could well be a uniqueness that's the reason regulation administration towards criminal offense concerning bitcoin has not acquired a lot focus. So, the crooks may even now take a look at it. But I'm certain, quicker or later, as the amount of crimes concerning bitcoin increases, of program congress will require motion by making use of new rules to ensnare the criminals.
I think crime is different thing and bitcoin is different thing but if someone is using bitcoin in crime so I think it’s not good because bitcoin is here to help us and bitcoin has changed a life of thousands of people so I think bitcoin is such a currency which bring peace so we should respect bitcoin and must adopt good and positive things because bitcoin is a life changing currency and that’s why its acceptable to the world and I’m sure rest of people will also use it for good things.
sr. member
Activity: 756
Merit: 294
November 27, 2017, 06:45:36 PM
i think not. criminality in internet exists even before bitcoin was introduced, bitcoin only improved the works of criminals in the internet especially in the deepweb. transaction that happen in deep web involves bitcoin because it is really safe for them to send the payment taking advantage of the anonimity that the bitcoin offers.

Criminality is really normal and any fiat money, bitcoin, or any form of payment for illegal transactions can be really a target by criminals and it is now the duty of our instituted enforcers to catch them but we cannot really control and stop criminals from using bitcoin because they can and anybody can.
sr. member
Activity: 1484
Merit: 276
November 27, 2017, 11:18:53 AM
i think not. criminality in internet exists even before bitcoin was introduced, bitcoin only improved the works of criminals in the internet especially in the deepweb. transaction that happen in deep web involves bitcoin because it is really safe for them to send the payment taking advantage of the anonimity that the bitcoin offers.
sr. member
Activity: 1582
Merit: 279
PredX - AI-Powered Prediction Market
November 27, 2017, 09:11:00 AM
I think Bitcoin is not spreading a criminality. If there is criminal who enter here don't generalize all the users here. Some of working here are not criminal because they are only working to get a money. We are working on a campaign, not all here are criminal.

thats right. criminals only use bitcoin for their own benefit. an example is the case of hacking multiple large sites, the hacker requested a bitcoin ransom.
actually the bitcoin is not criminal, the criminal is the man. like us, so do not misunderstand the bitcoin. the nature of people who follow the bitcoin is different, there is a bad nature there is also good. so the good name of the bitcoin is in our hands.
member
Activity: 224
Merit: 11
November 27, 2017, 03:40:47 AM
i doubt it.
criminal activities were happening even before bitcoin. for example the ransomware that everyone is talking about these days have been around a very long time before bitcoin was created!

and besides since bitcoin doesn't offer real anonymity it can not really help the criminals as much as things like hard cash helps them.
Their are more incidents in our universe. But anyone of us can avoid it. It depends to the government how to work it, to better community. Everyone of us can own bitcoin, and bitcoin is the way to lessen criminality.
full member
Activity: 630
Merit: 100
November 27, 2017, 03:05:02 AM
I think Bitcoin is not spreading a criminality. If there is criminal who enter here don't generalize all the users here. Some of working here are not criminal because they are only working to get a money. We are working on a campaign, not all here are criminal.

thats right. criminals only use bitcoin for their own benefit. an example is the case of hacking multiple large sites, the hacker requested a bitcoin ransom.
member
Activity: 183
Merit: 10
November 27, 2017, 01:50:49 AM
I think Bitcoin is not spreading a criminality. If there is criminal who enter here don't generalize all the users here. Some of working here are not criminal because they are only working to get a money. We are working on a campaign, not all here are criminal.
sr. member
Activity: 294
Merit: 250
November 26, 2017, 11:31:51 PM
Bitcoin can increase the rate of criminality in a country or community because as you can see that the bitcoin is anonymous and the people can take advantage of that to use it to transact different illegal things without getting noticed by the authorities. Bitcoin is decentralized so it is very risky for the authorities to fully trust bitcoin since it has a disadvantage.
full member
Activity: 452
Merit: 101
November 26, 2017, 11:04:48 PM
Felony activites linked with Bitcoin is one thing, criminaliy s ananoter. I doubt that the existence of Bttcoin plays a part in growing criminality or zinc heightens criminality, but if it's, with this with out Bitcoin, crooks will invariably find a way to do...criminal offense.i hi
Silk road use bitcoin as medium of exchange, but now silk road was shutted down. Most of bitcoin transaction is in exchange site now, people are use bitcoin as a tool to grow their wealth. I think the criminality in bitcoin was reduced so much.
sr. member
Activity: 1876
Merit: 289
Zawardo
November 26, 2017, 10:18:10 PM
yes because of bitcoin the criminal activities are now increase just like scamming people, many HYIP created to double your bitcoin mostly victims in HYIP are newbie in internet world, remember the WannaCry ransomeware they want you to send them around $500 worth of bitcoin to delete that WannaCry virus. We should now more careful.
newbie
Activity: 6
Merit: 0
November 26, 2017, 07:46:16 PM
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 far as i know, bitcoin is being used to buy some illegal things in the internet like illegal guns, drugs, and also hiring a hitman. Bitcoin can be used in a good and bad way. It depends to the person if they will use it in either good or bad way. I think thats the reason why some countries ban bitcoin in their place.
hero member
Activity: 994
Merit: 544
November 26, 2017, 08:07:09 AM
That is the advantages and disadvantages of bitcoin which is in fact in bitcoin, there is no control from outside or from inside therefore the people who use bitcoin can do crime or illegal tranksaksi and there are using bitcoin as a tool to invest. That way people who know how to use bitcoin no matter how the way or the way, as long as there are more advantages of the way

Even the paper money can be used to facilitate and execute a crime.  So bottomline is that, bad guys will always do bad.  It is just that with bitcoin, it makes their life much easier.  No need to hide and make false information.  They just need address and thats it.  Crime has been made.
jr. member
Activity: 88
Merit: 4
November 26, 2017, 08:03:39 AM
That is the advantages and disadvantages of bitcoin which is in fact in bitcoin, there is no control from outside or from inside therefore the people who use bitcoin can do crime or illegal tranksaksi and there are using bitcoin as a tool to invest. That way people who know how to use bitcoin no matter how the way or the way, as long as there are more advantages of the way
legendary
Activity: 2982
Merit: 1028
November 26, 2017, 07:11:22 AM
I agree with you in this very sensitive issue.Some criminal & maximum hacker used in Bitcoin for to complete their illegal activities.But i really dislike this illegal activity by Bitcoin.Bitcoin is only for legal act i support it.

Here are some of the weaknesses of Bitcoin because it has a high criminal rate for everyone who plays in it. Wink
Well its been mentioned before that bitcoin won't be able to avoid this act to happen as we knew that those illegal doers are also wiser to know that the system offers decentralized transactions and its undetectable so they can hide their illegal business inside this industry.
hero member
Activity: 560
Merit: 500
November 26, 2017, 07:08:53 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.

How will bitcoin increase the number of criminality? They did a crime not because of bitcoin it is because they chose it.
Bitcoin provides the criminial a currency as a payment method for crime payment. But the fact, Bitcoin is fresh currency and it does not create for this purpose. If I compare Bitcoin to Monero about anonymous and dark site transaction, I think Monero is better than Bitcoin and Monero is really altcoin created for criminal.

Its a big fact of bitcoins. Maybe its the main reason why bitcoin is banned in some country. But since there's no control on bitcoin neither we can track it so i think its hard to caught those people who are involve with Criminality and illegal activities with bitcoins. For the sake of bitcoin we should stop it but those criminal mind does not care about bitcoins, they just need illegal money no matter how it comes.
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