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Topic: Criminality and Bitcoin - page 50. (Read 31307 times)

full member
Activity: 187
Merit: 100
October 28, 2017, 12:02:09 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.
legendary
Activity: 1008
Merit: 1060
October 28, 2017, 11:54:54 AM
For the underworld, BTC is a very good currency. On the black market, it's already been for several years that illegal transactions with payment of BitCoin have been committed. Of course, petty criminals like quick profits, but for some, the anonymity of the transaction is very important. Now, in connection with the growth of currency criminals also want to get it. They generally do not care, the main thing is that anonymously and without intermediaries. If among those present there are such crimes, maybe they will open a small curtain and tell something)

Bitcoin leaves a digital trail. If you want to be truly anonymous, use black bytes by byteball. I do believe that if criminals are actually using bitcoin, the price will be wayyyy higher. This price is nothing compared to how much money is being transacted by mafias everyday. Sometimes real life is even more anonymous because you can meetup somewhere off the grid and you will not be traced by any CCTV. In movies, in order for them to have zero trail at all, they kill the people that knows about them or have a slight idea on what they are doing. In bitcoin, once you have sent money to an address, it will forever be in the public ledger. Anonymous or not?

I can't stress this enough but I do think that there's only a really small amount of criminals that are using bitcoin for their shady activities. First, if you have millions of dollars, are you going to put it in something that you are not really sure of the price? Are you going to put it to something which price goes up and down every single day. I think that people are exaggerated by the idea of deep web but that's just my opinion. I'm no deep web or bitcoin expert.
full member
Activity: 179
Merit: 106
October 28, 2017, 11:26:35 AM
For the underworld, BTC is a very good currency. On the black market, it's already been for several years that illegal transactions with payment of BitCoin have been committed. Of course, petty criminals like quick profits, but for some, the anonymity of the transaction is very important. Now, in connection with the growth of currency criminals also want to get it. They generally do not care, the main thing is that anonymously and without intermediaries. If among those present there are such crimes, maybe they will open a small curtain and tell something)
hero member
Activity: 826
Merit: 502
October 25, 2017, 09:14:25 AM
I think any other currency or valuables can be use to commit crime not only bitcoin, its jut because gov is not comfortable with how bitcoin gain mass adoption and potentially replace their corrupt monetary system, they are criminal for their roles allowing such monetary system to operate and scamming people on a daily basis

You and I can agree that most governments are corrupt and should be in jail. On the other hand, they are the ones that control the police and they aren't put in jail at all even after doing an obvious scam. Oh well, just do your thing and kinda just ignore the fact that the government is not doing you any good. It is going to continue like that in the future and we can't do anything about it at all. Even if we cast a vote on better candidates, promote a good candidate, etc. They are still going to win because they rig the elections.

It is also possible that the government just don't want new ideas coming into the country. They want the country to stay the same so they can manipulate it so easily. Bitcoin opens a door of opportunities and the government are not getting any tax from people earning money through bitcoins. They also have no way of limiting people from using it. They applied that "Prevention is better than cure" mentality so they banned bitcoin even though there aren't much bitcoin users yet.
member
Activity: 100
Merit: 12
October 25, 2017, 08:19:26 AM
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.
sr. member
Activity: 317
Merit: 250
October 25, 2017, 08:18:18 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 am totally agree with this bitcoin has increased its criminal confidence and crime rate.  Bitcoin advantages is somehow disadvantages for the government, as bitcoin have increased their problems.  In last few years cyber crime is increased very much.  And bitcoin is giving it fire. Bitcoin has made transaction easy without involving any other. This leads to the effect that people using it in a criminal activity.   Many countries has been putting a check on bitcoin so that they could control the rate of crime taking place because of bitcoins. 
full member
Activity: 434
Merit: 100
October 25, 2017, 07:39:36 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.

In my opinion, I think that bitcoin is really famous in their area and they tend to rob the company that's why those incidents happen. But here in my country we are earning bitcoins peacefully, Bitcoins here in the philippines is not very popular but we are still striving to earn more bitcoins each day and bitcoin is not affecting the crime rate in our country.
sr. member
Activity: 560
Merit: 257
October 25, 2017, 07:33:23 AM
Bitcoin and criminality are very closely related, since bitcoin is a very anonymous cryptocurrency so people who transact using bitcoin are hard to track, which is why bitcoin is always viewed in a negetive direction.
hero member
Activity: 2590
Merit: 644
October 25, 2017, 01:44:27 AM
Yes, bitcoin can be used as a tool by criminals for their secret activities. It can serve as another way to hide transactions between criminals and their clients because of bitcoin's great features. These can be taken granted by people with those type of mind.
That is really true and in fact, most of the people that encounter bitcoin are located in the deep web because bitcoin is being used in the black market to transact different illegal things or services and they are preferring to receive bitcoin as a payment rather than the fiat because they know that bitcoin is anonymous and it has a high security so they just prefer it rather than the fiat which is too much exposed.
sr. member
Activity: 546
Merit: 255
October 25, 2017, 01:39:32 AM
Yes, bitcoin can be used as a tool by criminals for their secret activities. It can serve as another way to hide transactions between criminals and their clients because of bitcoin's great features. These can be taken granted by people with those type of mind.
member
Activity: 237
Merit: 10
Borderless for People, Frictionless for Banks
October 25, 2017, 01:30:01 AM
Bitcoin is untracable so it can protect our privacy so much, however it has been used by criminals for bad things, terrorists use bitcoin for ransoms, buying weapons and illegal drugs. That has made governments forbid bitcoin, and bring negative thoughts to people around, making them think bitcoin is bad.
member
Activity: 121
Merit: 10
October 25, 2017, 01:19:52 AM
Bitcoin is in no way responsible for the increase in criminality ratio.Even criminals won't get to be paid in bitcoins as their transactions could be easily traced and they could be caught.
But come to think off that criminality and illegal transactions are really lot on what you anticipated.Try to look the transactions do happen on dark web you will eventually see on your own eyes on how illegal stuffs been done and most of them do make use on bitcoin. We cant really blame bitcoin since its just a tool being used on those transactions but sad to think off why those people do make use of bitcoin on negative way.
Regarding, bitcoin being used in criminal activities. It is not more of advantage than any other currency. Any currency can easily facilitate crime. It is just like people usually connect it with black market and criminal activities because of initial records. Specially those who have never used really in bitcoin.

My opinion is, it all depends on how the person is using bitcoin well or vice versa, it may be very easy for somebody to use bitcoin for something bad, but it can be traced easily, we can see where we can see so many people which transact on a daily basis, so it could be possible the crime by using bitcoin will be quickly tracked by the authorities ...

Not all countries understand that Bitcoin is not an illegal currency and is always used for crime.
their limited knowledge of bitcoin makes them claim that bitcoin is a criminal currency and is always used for illegal transactions.
the rules should be established so that Bitcoin users can be watched and protected.
Money is used for crime and illegal activities but they still use money everyday. And then, they hate bitcoin just because it involves in some criminal cases. Those people do not know anything about bitcoin. They just hate to change the world and make it better. They want something traditional. They can not adapt to new technology. That is why they do not want to learn bitcoin.
full member
Activity: 462
Merit: 100
October 25, 2017, 01:16:45 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.
Everything has its pros and cons. Bitcoin has helped a lot of people with the funds it is giving. But with that, there are also people who takes advantage of its anonymity and how decentralized it is. Some said that bitcoin can be used to buy illegal drugs and had it posted that he had transaction for drugs before. So this goes to show that there are also loopholes in the system. With this, I think the admin of the system must develop ways to secure the users even safekeep transactions for future reference.
newbie
Activity: 56
Merit: 0
October 25, 2017, 01:14:27 AM
There is nothing new if the criminals are using bitcoin for their illegal activities but it's just as real as all the crimes that were made before the btc appears were made with real money.
sr. member
Activity: 618
Merit: 250
October 25, 2017, 01:04:38 AM
Bitcoin is in no way responsible for the increase in criminality ratio.Even criminals won't get to be paid in bitcoins as their transactions could be easily traced and they could be caught.
But come to think off that criminality and illegal transactions are really lot on what you anticipated.Try to look the transactions do happen on dark web you will eventually see on your own eyes on how illegal stuffs been done and most of them do make use on bitcoin. We cant really blame bitcoin since its just a tool being used on those transactions but sad to think off why those people do make use of bitcoin on negative way.
Regarding, bitcoin being used in criminal activities. It is not more of advantage than any other currency. Any currency can easily facilitate crime. It is just like people usually connect it with black market and criminal activities because of initial records. Specially those who have never used really in bitcoin.
Maybe theres a criminality in bitcoin in some countries, like they pay bitcoin exchange of illegal transaction. Thats way cybercrime is increasing in some countries, but not all criminalities cause by bitcoin. Bitcoin has positive way, you can make additional income by using it
full member
Activity: 406
Merit: 100
October 25, 2017, 12:51:33 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.
Yes! I agree to you! Bitcoin has many advantages and also disadvantages. I think the reason why many people are afraid to invest their money to the bitcoin is because they know the disadvantages about bitcoins. I have a experienced when I first introduced the bitcoin in my family, they say that the bitcoin is illegal.
sadly, some use to anonymous bitcoin for crime transaction things that are hard to track. But this is the reality. some people want to double their money in bitcoins without paying taxes.
full member
Activity: 196
Merit: 100
October 24, 2017, 11:28:23 PM
We all know that bitcoin has advantages and disadvadtages. Behind the popularation of bitcoin, something bad always work together.
But I think the increasing of cybercrime is not all about bitcoin. I think cybercrime has growth big before bitcoin rising.
sr. member
Activity: 602
Merit: 258
October 24, 2017, 11:22:45 PM
Not all the crimes or criminalities are caused by bitcoins because there is already a crime before the invention of bitcoins.
full member
Activity: 195
Merit: 100
"Proof-of-Asset Protocol"
October 24, 2017, 11:01:05 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.
Yes! I agree to you! Bitcoin has many advantages and also disadvantages. I think the reason why many people are afraid to invest their money to the bitcoin is because they know the disadvantages about bitcoins. I have a experienced when I first introduced the bitcoin in my family, they say that the bitcoin is illegal.
full member
Activity: 476
Merit: 100
October 24, 2017, 10:55:32 PM
Yes, bitcoin is helping the criminality.
We have to change some things on I think. More regulation will help bitcoin.


well shoes do, too. and knives. and telephones. every technology can be abused. where did the idea come from that a new technology should not be able to get abused? that is impossible.

regulate what? the (possible) criminal use of bitcoin? that is already regulated because it is illegal . the lawful use? why regulate that?

That is so true mate! Smiley Even fiat money that is regulated are subject to illegal use by criminals. Therefore, there is no way for us to be certain that once bitcoin will be regulated it will be free from criminal abuse.
well i think the number one reason why people do  crime is  the money ,poverty, i think bitcoin can really help to minus crime in reall life because bitcoin really gives an opportunity to the people without any requirement.maybe people did not commet crime if they saw that there are other simple way of making profit such us investing and trading bitcoin or maybe in joining signature campaign that was really a good contribution of bitcoin to the economics crisis it can really helps provide income to those ordinary people by then i think the crime will getting low.

Maybe, but I sort of doubt it. The people that are capable of doing signature campaign knows how to speak in English and that skill alone gives you some good choices for a day job with the proper training by the company itself. There are even jobs that only require you to know how to speak in English relatively well. I think that the people that commit crime are not necessarily those type of people. People know their worth and their skills. I think most of the people that commit crime are the people that are uneducated. They have no other choice but to commit crime in order to make money and they know for themselves that they lack the skill to change their lives. You're dumb, what are you going to do to make real money? You kill, you snatch from people, you steal from people. You basically have no choice because all you can offer is the physical part of you. You are lacking the intelligence or knowledge to be an employee that pays really well.

I think that bitcoin has opened up a door of opportunities for a lot of people. But it's not for everyone because some people are not able to digest the ideology of bitcoin.
Well I think there are two aspects of everything good and bad it depend on a person either he want to use it for bad thing or for bad things I will give you an example of internet it can be used for good things or in simple words you can say internet is full of knowledge but if you want to use it for bad things you can use it so it’s simple bitcoin can also be used for bad things but we need to use it for good things.
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