Topic: Criminality and Bitcoin - page 48. (Read 31307 times)
Well, its expected that bitcoin will be using in criminality since it has a value too. Fiat money is used in many criminal activities as we can see now so well is bitcoin too. It is hard to track when they use bitcoin as the payment and at the same time faster transaction. I think that is one reason why some countries banned bitcoin in their countries. If bitcoin is in their country, their is a possibility that it will be used in criminal activities and the government cannot track it or know because its hard to trace. Bitcoin like fiat money is used in good ways and at the same time used in bad ways.
Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.
The only use of bitcoin for criminals is to buy and sell drugs online, Ico's are banned in china for a reason that some of the people there are using bitcoins for illegal transactions online. Maybe terrorists are also using bitcoins to buy guns.
Just like in fiat money, criminals can use bitcoin to whatever they like - it may be to buy drugs, guns, and the like. We can't get away with it because it is also happening with fiat money. Now, it is the prime concerned of the enforcers to get them.
Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.
The only use of bitcoin for criminals is to buy and sell drugs online, Ico's are banned in china for a reason that some of the people there are using bitcoins for illegal transactions online. Maybe terrorists are also using bitcoins to buy guns.
Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.
I dont know but maybe bitcoin is really used to some crimes. Money laundering to be exact. I guess its the reason why some governments in other country ban bitcoin because it is associated with criminality.
We cannot deny that fact that indeed money laundering can be happening with bitcoin. There is no new to this because launderers are always on the find as to where they are going to launder their money that is illegally obtained.
Well, bitcoins are still money after all. Considering how much it costs now and how easy it is to get some. Bitcoins ate now used in crimes but it's no less than different to when criminals used fiat money. It's juat easier to transact with bitcoins because it's untraceable. It's easier for criminals to do their dirty works even behind a computer in their homes.
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.
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 we cannot deny the fact that bitcoin is being use by others foe evil because government has no access with this kind of transaction unlike banks that they can trace people who is using it, but it doesnt mean that bitcoin itself is bad.
I dont know but maybe bitcoin is really used to some crimes. Money laundering to be exact. I guess its the reason why some governments in other country ban bitcoin because it is associated with criminality.
We cannot deny that fact that indeed money laundering can be happening with bitcoin. There is no new to this because launderers are always on the find as to where they are going to launder their money that is illegally obtained.
Some of criminals used bitcoin to hide the identity of user and it is one of reason why bitcoin is so popular 
I dont know but maybe bitcoin is really used to some crimes. Money laundering to be exact. I guess its the reason why some governments in other country ban bitcoin because it is associated with criminality.
Because of crime, until now some people have a negative attitude towards bitcoin. I do not quite understand why this is connected, since with the same success a crime can be committed with ordinary money.
Bitcoins and crime is connected because of the use of bitcoins as a currency in each illegal way like buying or selling drugs/Hitman service/etc. Such harmfull uses of bitcoins should be stopped as soon as poasible because truly it is affecting the peoples involved in bitvoins a lotm Bitcoina are not yet declared legal perhaps due to the same reason.A lot of things in this world has to be stopped because it is negatively affecting a lot of people but do they stop just because we said it should be stopped? Not at all. First, the pollution from the large factories in China. Look up how polluted China is right now and you'd say "This should be stopped." once more but once again it will not stop just because you said so. Even with some actions it will not going to stop because it's a lot bigger than you are. There is no possible way for this type of transactions to be stopped because some of the mafias have a connection in the government. Some would say that they are above the law and I do agree with that. Money is everything to people and the government can simply be bribed by these rich mafias, I see no reason why would they reject that offer specially when no one would ever know.
Do you realize the fact that there's not much syndicates that gets busted? I guess it's because they are the government themselves.
I think that even before any bitcoin, criminality is already high, but with the bitcoin, the perpetrators of this criminality becomes very difficult to trace
Because of crime, until now some people have a negative attitude towards bitcoin. I do not quite understand why this is connected, since with the same success a crime can be committed with ordinary money.
Bitcoins and crime is connected because of the use of bitcoins as a currency in each illegal way like buying or selling drugs/Hitman service/etc. Such harmfull uses of bitcoins should be stopped as soon as poasible because truly it is affecting the peoples involved in bitvoins a lotm Bitcoina are not yet declared legal perhaps due to the same reason. Because of crime, until now some people have a negative attitude towards bitcoin. I do not quite understand why this is connected, since with the same success a crime can be committed with ordinary money.
I also do not understand why bitcoin can be associated with bitcoin since I do not heard any crimes in the net or tv. But it is possible considering that using bitcoin is much better and less hassle. People who are into doing crimes will do anything any possible ways just to execute their ill motives.
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.
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 we cannot deny the fact that bitcoin is being use by others foe evil because government has no access with this kind of transaction unlike banks that they can trace people who is using it, but it doesnt mean that bitcoin itself is bad.
Because of crime, until now some people have a negative attitude towards bitcoin. I do not quite understand why this is connected, since with the same success a crime can be committed with ordinary money.
When some people justu take advantage of the convenience offered by bitcoin this will make people people also think about bitcoin used for crime whereas behind it many positive things from bitcoin
Yes I do believe that. Instead of just looking ar the bad side why not look at the better side.
It seems for every thing that becomes popular we are looking for something wrong in it.
I know about the illegal deal that have been happening around it because I was also offered to sell my bitcoin for them but it depends on the bitcoin owner if he will bite that just so he could take more. It is the conscience that will eat you afterwards.
Bitcoin users can also be subject to theft, scams, and frauds, which some argue is made easier because of Bitcoin’s structure and lack of regulation. The very nature of Bitcoin makes fraud prevention hard, one of the biggest factors being there is no way to retrieve Bitcoin that has been stolen or conned, and no way to revert the transaction.
When some people justu take advantage of the convenience offered by bitcoin this will make people people also think about bitcoin used for crime whereas behind it many positive things from bitcoin
Bitcoin is a great platform for earning good money but it also has a disadvantage that many criminals are attracted by its key features of anonymity and decentralization . The untracable transactions made through bitcoin attract many criminals to commit a cyber crime as there is no way they can get caught . Many cases has arrived in the recent past where the ransoms were taken in btc by the criminals . This is one of the main reason why many governments and people does not support bitcoin.
Everything has good and bad side. Many anti social person used bitcoin to fulfill their activities. Anti money laundering done by the help of bitcoin. Many people across the world attacked by some malware program which lock their system, in order to unlock them they demand high amount of money in the form of bitcoin. Bitcoin transition is difficult to trace so bitcoin became a favourite for criminal. Kidnapping, child pronography, murdering etc. Bitcoin is also used for ransomware attack
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