Topic: Criminality and Bitcoin - page 42. (Read 31307 times)

The world still use Dollar for crime if we do not have Bitcoin for crime. Therefore, I do not think this is the best reason to blame the existence of Bitcoin and cryptocurrency. Cryptocurrency like normal currency, both are tools to help the world's economy and payment system. As long as we use Bitcoin and cryptocurrency honestly and transparently, there is no reason to worry about the future of Bitcoin.

Well I think both of them are different from each other bitcoin is a digital currency and crime is different if someone is using bitcoin for crime so it’s good because bitcoin is here to help people and I believe that bitcoin is going to help humanity so we need to study about bitcoin in detail in order to we know what bitcoin is going to teach us.

I think there are some advantages and disadvantages, this is what will be seen and used by a group of people to do things either negative or positive. it all depends on the needs of the group itself. so it can happen anywhere and anytime depending on the chance and the intention that will do.

Indeed, there are many bitcoin disadvantages. Bitcoin is anonymous, so bitcoin can be exploited by criminals and the government can not trace criminals. So some countries do not like bitcoin. 

Bitcoin is a new form of currency that has dominated the cryptocurrency market and to any forms of asset right now. It has a privacy, fast, safe and decentralized technology which makes the crypto community loves Bitcoin the most. Criminals arround the world existed even before Bitcoin had created by the legendary founder Satoshi Nakamoto. Criminals thousands of years ago used precious metals and fiat money as form of fund but now they adopted the newer and anonymous blockchain technology to avoid getting caught and being tracked by authorities.

For me fiat money and precious gems/metals has the highest rate of fund committed crimes compared to Bitcoins because low/high profile criminals still use centralized assets thousands of years ago until these days while in Bitcoin, criminals used it more or less eight years  now. I think some authorities doesn't recognize or maybe blinded by bribe given by powerful entities involve in  drug cartels, corrupt politicians, black propaganda against individuals/companies/organizations/political party/nation, terrorists and hitmen using huge volume of fiat money during transactions in distribution of funds.

I believe that majority of these criminals are using centralized assets than the digital money Bitcoin. That has been proven by our government that criminals are using millions or even billions of our local currency as funds and I am happy our present elected officials  are good guys that whole heartedly serves our country and had not failed their promises to the people.

I wouldnt say increase. Its more of it made it easier for them and made it harder for the authorities to apprehend them. The number of criminals is difficult to estimate at the same time, you cannot gauge the direct correlation of such an increase to crypto.

Bitcoin is one of the liquidity source today, may be its centralisation, currency, acceptance, regulation is a lateral part. People might choose bitcoin mode for demanding but bitcoin itself is not a criminality and with or without crypto, people can find other ways for criminality.
Criminality might happen by any other ways not only with bitcoin mode. It's just based on what way the criminals choose.
However before bitcoin also criminality existed and the hackers taking a key role in choosing bitcoin as their mode of transaction for demanding, hackers demanded even hospitals, top organisations etc to make the payment through bitcoin to avoid hack.
Bitcoin even helping many people around, it's a great platform that many getting benefitted through bitcoin even comparing to the government services to the people, we strongly say Bitcoin is for the people and it is regulated with the demand of the people in economic principle such as demand and price.

Unfortunately that is true. I even believe that the fact that bitcoin is rising very fast has reasons behind it and that reason is the black world (criminality, drug traficing etc). Anonymity of bitcoin is playing very important role for this.

Bitcoin name was tagged to some criminal activities and business in it's early days and was called "criminals paradise" due to the smooth transactions he ensured and the unfamiliarity of authorities with it thus making it the perfect crime tool for lots of drug lords and criminals since they didn't need to get out of the dark any more and remain anonymous literally . But even if it increased criminal products deals i'm pretty sure it did a good thing such as reducing gang related violence due to the less physical contact whenever deals were made .

Bitcoin is made to be a tremendous step ahead to make funds safer and may also act like a substantial security against any kinds of financial crime. For example, bitcoins are fraud-safe. Users have the complete control over their transactions and are not able to receive unapproved costs like credit card scams. Bitcoin exchange transactions are irreversible and safe from fraudulent chargebacks. Bitcoin exchange enables money to be protected against identity theft and loss using strong and beneficial mechanisms like backups, encryption, and many signatures.
Some issues has been brought up that Bitcoin might be more attractive to scammers mainly because it may be used to make personal and irreversible payments. However, these features are already available with cash and wire transfer that are commonly used and well-established. The usage of Bitcoin for exchange will definitely be exposed to similar restrictions that had been available in current financial methods, and Bitcoin is unlikely to stop criminal findings from being carried out. Overall, it is popular for crucial discoveries to be thought of as being debatable before their advantages are very well recognized. The Internet is a great sample among others to illustrate this.

With or without Crypto, people will always find all means to do crime.

everything give negative and positive side. like bitcoin, will give you 2 perspective.
people will use very efficient, i dont know for what. but it can use to helping people around or use to criminal

Not all people are criminals just a lot of greedy money

Criminality and Bitcoin are 2 interconnected thing. They are linked with each other. Antisocial people use bitcoin for their criminal activities. Money laundering type serious crime are done by the help of bitcoin and also illegal money transaction between terrorist organisation and criminal people because bitcoin provide safe untraceable transition between Clint and owner without involvment of third person like bank, government. Kidnapping, child pronography, bomb blasting, murdering type other criminal activities also associated with bitcoin.

We all know that trading bitcoin has this total transaparency. Anyone could buy or sell anything with btc and never be tracked. But still, criminals cant't hide. The majority of Bitcoin users are law-abiding people motivated by privacy concerns or just curiosity. But Bitcoin’s anonymity is also a powerful tool for financing crime: the virtual money can keep shady transactions secret. But great computer scientists and masters of bitcoin make actions to know the criminal's entire financial history public information.

If you say believe or do not believe in the criminality that associates bitcoin in it, we all know and hear it from the news that has been circulated. If the news spreads then it can not be said not to believe it. But we also can not blame bitcoin at all because bitcoin is a tool used for criminality used and bitcoin is not its suspect. If bitcoin is used for good use then bitcoin is not bad in the eyes of the law.

I agree with you that criminals are already there before bitcoin appears, here maybe a crime involving bitcoin is a hacker case that befell many participants because the hacker's actions cause a lot of losses.

crime is already there when bitcoin has not appeared, and I think it's not true that bitcoin is used as a criminal reason, here we help each other and exchange experiences, because now we can recognize it. each other and helping each other, for example there are people who commit crimes, it is the person whose responsibility is less.

Aside if there would be a scientific for this then this is just conjcture. However if you think about it logically then it might be that there is a world wherein criminals can use the pros of bitcoin or cryptocurrency for doing their dealings as it is something that can be exploited

it's not surprising that criminal activities increased after the release of cryptos. its because crypto offers fast transaction than fiat, anonimity and it cannot be counterfeited