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Topic: Criminality and Bitcoin - page 49. (Read 31307 times)

full member
Activity: 152
Merit: 100
October 29, 2017, 02:25:26 AM
now there are many who use bitcoin as a tool to do harm to others, such as drugs and terrorism. and those who use imperfect bitcoin even anonymously bitcoins to do those illegal things.
sr. member
Activity: 686
Merit: 282
October 29, 2017, 02:05:41 AM
Where the money is there evil. We will not avoid it. BTC payments are not controlled and easy to use for such purposes.
There have been cases where cybercriminals and hackers attacked corporations, with ransom demanded in cryptanalysts. Now there are much more approaches when it becomes more and more profitable.
full member
Activity: 172
Merit: 100
October 28, 2017, 11:22:52 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.

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.
yes, bitcoin is a tool as we use it, maybe it has some features to make some help for criminality, but it do more favor to the social progress, especially the concept of block chian which brings lots of new and helpful things like decentralized, traceable, tamper-resistan, etc. to us to make life better
full member
Activity: 420
Merit: 119
October 28, 2017, 11:16:10 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.

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.
full member
Activity: 364
Merit: 100
October 28, 2017, 10:29:12 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.
Whatever is profitable, criminals will surely be in the scene. They will venture into anything good or bad so they could gain more wealth. Bitcoin is no exemption since it is quite open and accessible to anyone. Unfortunately, bitcoin has also become a medium for illegal activities which is very common with any other currencies.
full member
Activity: 390
Merit: 100
October 28, 2017, 10:15:18 PM
nope. bitcoin is a tool used by crime groups. online extortion like wannacry they are using bitcoin for ransom. Criminals have gone to modernize their methods to commit a crime as the times progress
member
Activity: 952
Merit: 41
October 28, 2017, 10:01:52 PM
Criminality has been in existence right before the arrival of bitcoin, but it can aloo be increase using bitcoin. Con to think of the untraceable way in bitcoin transactions that can aid the buying of criminal arms without trace and also the money laundering which is greatly affecting developing countries today can easily be carried out using bitcoin transactions.
full member
Activity: 476
Merit: 100
October 28, 2017, 09:56:49 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.
There is always two sides in any change, good/bad, pros/cons, advantage/disadvantages...inseparable most of the times. Just like bitcoin when it became as an exchange medium in the crypto system. Bad elements will always get their hands into anything profitable...it’s inevitable.
sr. member
Activity: 618
Merit: 250
October 28, 2017, 09:54:27 PM
I mean I don't think there's any more crime happening with Bitcoin than it is daily with cash. I don't understand the reason why people think it's used more.
Maybe because there so many crime activities through using bitcoin, example of this is some investment use it for scam, and some of them use it for illegal transaction like buying drugs, weapons and also fake passport, they use it because the transaction here is not easily to trace.
member
Activity: 115
Merit: 10
Get your share of the future
October 28, 2017, 09:51:29 PM
I think we cannot judge bitcoin as evil currency. Any currencies are already used for criminality. I think bitcoinis in good progress now, criminality using bitcoin is decrease now.
hero member
Activity: 742
Merit: 500
October 28, 2017, 09:36:51 PM
Bitcoin is in no way responsible for the increase in criminality ratio.Criminality has been in existence even before bitcoin was created.Already,many have criticized bitcoin that it is used for illegal purposes.Yet,relating bitcoin to criminality is their another form of attack on bitcoin.They just want to show that bitcoin is totally bad for the society by any way.

Even criminals won't get to be paid in bitcoins as their transactions could be easily traced and they could be caught.So,it could be only said as a false allegation.
legendary
Activity: 1484
Merit: 1004
October 28, 2017, 02:05:25 PM
Criminals use cash much more often than BTC, I think. But the myth of using BTC by such people is a good reason for BTC haters to vote for ban of cryptocurrencies.
Bitcoin may not be yet so much popular in criminal and it is also not so much easy to use it. in fact they will never take the risk on something that they not easily understand. On other hand I think it is the responsibility of the state control the criminal activities of the people therefore I do not think that we can blaim bitcoin for criminal activities.
There's a lot of money laundering services by the way involve bitcoin ,
Especially when you come to deep web , where illegal things listed there and use bitcoin as a payment ,
Really unfortunate to see people abuse the function of bitcoin.
newbie
Activity: 4
Merit: 0
October 28, 2017, 02:00:38 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.
I don't believe on it.  Maybe there are some people who commits cyber criminalities but you cannot link it to bitcoin.  It is true that loving money is the root of many evils and since bitcoin provides opportunity to earn lots of money, maybe some cyber criminals tried it to bitcoin. It is so disappointing that after the good opportunity bitcoin offers there are some people (those cyber criminals) ruined the good reputation of bitcoin in internet world for their own sake. 
BitCoin is the money, capture the main BitCoin is to win money
With this truth, criminals have used bitcoin for many of their criminal actions and made bitcoins bad in the eyes of everyone.
newbie
Activity: 4
Merit: 0
October 28, 2017, 01:58:51 PM
Criminals operate very aggressively, and they use bitcoin as a means, a safe payment channel for criminal activity.
sr. member
Activity: 868
Merit: 257
October 28, 2017, 01:45:26 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.

We cannot blame it entirely to the anonymity of bitcoin because if there's a payment then where is the service or product delivered? If these criminals are using cryptocurrency to be paid by their customers, why not look up for the possible products that are delivered? But then again we are not all good lookers, are we? Don't blame bitcoin because it just do what it suppose to do.
sr. member
Activity: 378
Merit: 250
October 28, 2017, 01:20:01 PM
Criminals use cash much more often than BTC, I think. But the myth of using BTC by such people is a good reason for BTC haters to vote for ban of cryptocurrencies.
Bitcoin may not be yet so much popular in criminal and it is also not so much easy to use it. in fact they will never take the risk on something that they not easily understand. On other hand I think it is the responsibility of the state control the criminal activities of the people therefore I do not think that we can blaim bitcoin for criminal activities.
sr. member
Activity: 672
Merit: 271
October 28, 2017, 12:51:49 PM
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.
You are right but this anonymity has actually helped them.to conceal their identity. They might not immediately cash out this ransom from bitcoins but they could easily wait for a few months when the authorities are bit more relaxed and then cash it out. Their identity will be absolutely concealed without any chance of getting caught which was common in case of cash ransomware.
full member
Activity: 322
Merit: 116
October 28, 2017, 12:47:02 PM
Advantage and disadvantage are two words that have a subjective meaning. People have different agendas and what one can call as an advantage can be called by another as a disadvantage and vice versa. But in terms of being a disadvantage to the society, it is same that we cannot please everybody, there will be advantages and disadvantages to things. But the continuation to the use of bitcoin would still be people believing in bitcoin and the benefits of using it outweighing the consequences. If it is true the the increased number of criminality is directly related with bitcoin, then let us not be surprised to hear our government making regulations to safekeep the nation and its people from this cryptocurrencies.
full member
Activity: 156
Merit: 100
October 28, 2017, 12:15:02 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.
Criminals are everywhere though. They don't talk about the pound or Euro much.
hero member
Activity: 938
Merit: 503
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October 28, 2017, 12:14:14 PM
I mean I don't think there's any more crime happening with Bitcoin than it is daily with cash. I don't understand the reason why people think it's used more.


Its all depends i guess. There's many people who use bitcoins for illegal activities. Life Drug Smuggling Money laundering etc .
Bitcoins is not a crime but peoples are making it like that. I think that's the reason why some peoples hates bitcoins and some countries like china tried to  ban the use of bitcoins giving this as a reason. Even Most ICO are scams  Angry
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