Criminality and Bitcoin - page 72. | Bitcointalksearch.org

FlightyPouch

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Quote from: megynacuna on July 16, 2017, 04:32:42 PM

Quote from: bs.glory on July 16, 2017, 09:29:40 AM

I think this is a form of bash or putting the BTC down to its level, precisely the bank entrepreneurs collaboration. Although its up to them how to judge and generally put malicious issues to the stable cryptocurrency.

That's precisely what's going on currently, giving the dog a bad name so they hang it. Petty crimes have existed with humanity since and there's been different currencies and the eras they reigned yet it didn't stop criminality or these petty crimes so why lump all this responsibility in Bitcoin. It's just not fair to say the least.

Do you think that the reason why criminals and other people use bitcoin is that they can blame it and label it? Are you serious?

No one will be able to take down bitcoin, if the way of doing that is laebling it as a criminal currency. The criminals are doing that because it is efficient and easy for them because it has a feature a criminal can use, easy as that. Criminals don't care how they are using bitcoin or how people label it, they just care how the transaction goes and how bitcoin can make their identities safe.

jamsproject

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https://paxful.com/roots/buy-bitcoin?affiliate=ePn

Correlation isn't causation, as well as crime and Cryptocurrency aren't mutually Inclusive.
This is true for P2P Platforms like Paxful.

Only blame when nothing is being done to catch or prevent criminality.

coerdy

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Bitcoin has become the currency of choice for cybercriminals. Its distinctive characteristics of decentralisation and pseudo-anonymity are also attractive to criminal actors in general, and yet Bitcoin has been assessed as representing only a low money laundering risk. In many respects, cryptocurrencies are still viewed as an unfamiliar, marginal phenomenon restricted to the purview of specialists. This article seeks, to demystify the Bitcoin concept, to demonstrate that, far from being low-risk, Bitcoin constitutes a substantial danger in terms of criminal enterprise; and to promote the case for greater awareness among criminal justice professionals and law enforcement officers in particular.

8Habits

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Quote from: megynacuna on July 16, 2017, 04:32:42 PM

Quote from: bs.glory on July 16, 2017, 09:29:40 AM

I think this is a form of bash or putting the BTC down to its level, precisely the bank entrepreneurs collaboration. Although its up to them how to judge and generally put malicious issues to the stable cryptocurrency.

That's precisely what's going on currently, giving the dog a bad name so they hang it. Petty crimes have existed with humanity since and there's been different currencies and the eras they reigned yet it didn't stop criminality or these petty crimes so why lump all this responsibility in Bitcoin. It's just not fair to say the least.

Bitcoin is not to blame for any criminality acts because it was not made for the criminals and its goal is way different from serving criminals. Criminal transactions are being done every single minute and is transacted in different times of payment - whether fiat money, drugs, bitcoins, other altcoins and the like.

megynacuna

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Quote from: bs.glory on July 16, 2017, 09:29:40 AM

I think this is a form of bash or putting the BTC down to its level, precisely the bank entrepreneurs collaboration. Although its up to them how to judge and generally put malicious issues to the stable cryptocurrency.

That's precisely what's going on currently, giving the dog a bad name so they hang it. Petty crimes have existed with humanity since and there's been different currencies and the eras they reigned yet it didn't stop criminality or these petty crimes so why lump all this responsibility in Bitcoin. It's just not fair to say the least.

bs.glory

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I think this is a form of bash or putting the BTC down to its level, precisely the bank entrepreneurs collaboration. Although its up to them how to judge and generally put malicious issues to the stable cryptocurrency.

tinhyeumaunang

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Quote from: Xester on May 24, 2017, 12:11:25 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.

Criminals always try to attack networks, bitcoin too. The development of bitcoin is also accompanied by such risks.

IadixDev

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They're tactical

Quote from: Cherylstar86 on July 16, 2017, 08:28:01 AM

Quote from: IadixDev on July 16, 2017, 08:16:29 AM

It's not like fiscal paradise or ior vatican have great record on this area either lol remember p2 lodge, panama gate, Swiss bank accepting jew gold tooth as deposit, etc

Since when banks are so careful about illegal money ? Lol

Your point here wasn't so defined with regards to swiss bank itself, and I just wanted to expound is about banks were so careful about illegal money. Definitely banks really been background checking all those funds coming to their end due to lots of money traffickers that might deposited a huge amount of money.The criminal issues will strongly be subjected to serious investigations, and it also happens with bitcoin the penetration of the authority might not be transparent as well, due to most of the holders were anonymous users.

They only background check when they can loose with fines or being ban from usa market lol

shadow banking existed before bitcoin.

Swiss bank invented sidechains and off reccord accountability maybe even before internet.

At any rate, bitcoin is more transparent than swiss bank or ior.

And they forgot to mention those virus are still often made in nsa, and the flaw they exploit are also hidden by nsa.

Cherylstar86

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Quote from: IadixDev on July 16, 2017, 08:16:29 AM

It's not like fiscal paradise or ior vatican have great record on this area either lol remember p2 lodge, panama gate, Swiss bank accepting jew gold tooth as deposit, etc

Since when banks are so careful about illegal money ? Lol

Your point here wasn't so defined with regards to swiss bank itself, and I just wanted to expound is about banks were so careful about illegal money. Definitely banks really been background checking all those funds coming to their end due to lots of money traffickers that might deposited a huge amount of money.The criminal issues will strongly be subjected to serious investigations, and it also happens with bitcoin the penetration of the authority might not be transparent as well, due to most of the holders were anonymous users.

blofoma

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Bitcoin has become the currency of choice for cybercriminals. Its distinctive characteristics of decentralisation and pseudo-anonymity are also attractive to criminal actors in general, and yet Bitcoin has been assessed as representing only a low money laundering risk. In many respects, cryptocurrencies are still viewed as an unfamiliar, marginal phenomenon restricted to the purview of specialists. Bitcoin constitutes a substantial danger in terms of criminal enterprise; and to promote the case for greater awareness among criminal justice professionals and law enforcement officers in particular.

IadixDev

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Activity: 322

Merit: 151

They're tactical

It's not like fiscal paradise or ior vatican have great record on this area either lol remember p2 lodge, panama gate, Swiss bank accepting jew gold tooth as deposit, etc

Since when banks are so careful about illegal money ? Lol

8Habits

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Quote from: BitSat on July 13, 2017, 10:36:58 AM

Quote from: itsallpc on July 13, 2017, 07:00:10 AM

Bitcoin has nothing to do with increase in criminality rate.Criminality was there even before bitcoin was created.It would exist even if bitcoin dies.Criminals would love to use coins like monero ,zcash which are fully anonymous and not bitcoin which is pseudo anonymous.

You are absolutely right there is nothing to do with criminality because this has very long history and its going with many ways just not with Bitcoins criminal are using many ways for many years its just a mind set that criminality is increasing with this they are using many other methods which governments are unable to check

And in the first place, like fiat money, bitcoin was not made for the criminals as their mode of payment transactions. Bitcoin was designed with good intentions for its users and not for criminals. Hence, criminals can either use bitcoin and fiat money that is the fact.

speem28

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Quote from: pathapoddo on July 11, 2017, 09:29:10 PM

It is not right.Bitcoin is just a online currency. If anyone used it illegally then it's their fault not bitcoin forum.After all before created bitcoin there were also crime. Yes,nowadays,cyber crime has increased so much but it is not for bitcoin.But they are using bitcoin for save or transfer money.But bitcoin has created for earning money by investing money for man's income.So it's not bitcoin fault. This is a bullshit accused against bitcoin.I will advice the police to catch those crimal but don't accuse the bitcoin.

Have you read what the OP shared? Bitcoin is being associated to criminality due to a number of reasons on how other people use it and take its advantage. It is not like they are blaming bitcoin for the increase in criminality rate, they are just stating that bitcoin is one of those reasons and also through bitcoin they are able to arrest hackers that are a threat in our cyber world. This just shows that bitcoin has all sorts of advantages and disadvantages that affects us in different ways.

izza123

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Why is criminality a disadvantage? Criminality is only a problem if you respect the laws of the governments who control the world.

CARrency

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Quote from: itsallpc on July 13, 2017, 07:00:10 AM

Bitcoin has nothing to do with increase in criminality rate.Criminality was there even before bitcoin was created.It would exist even if bitcoin dies.Criminals would love to use coins like monero ,zcash which are fully anonymous and not bitcoin which is pseudo anonymous.

That is right, though there are some reason why bitcoin is used for these kind of criminal activities. We all know that bitcoin's anonymity is the reason, which is really obvious if you will be doing a crime, so your identity is safe, but not fully safe. But I think if bitcoin is not invented, I think people are still finding a safe way to make their criminal transaction.

qwertyup23

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Quote from: itsallpc on July 13, 2017, 07:00:10 AM

Bitcoin has nothing to do with increase in criminality rate.Criminality was there even before bitcoin was created.It would exist even if bitcoin dies.Criminals would love to use coins like monero ,zcash which are fully anonymous and not bitcoin which is pseudo anonymous.

I would like to disagree. Since bitcoin is one of the leading crypto-currency in the market with a significant amount of fiat if converted to, it has been used as a gateway of criminals for illegal activities due to the identity of the accounts being unknown. Its characteristics also of being unable to track and the lack of government intervention results to criminal activities. Just to give you an example, there have been several cases on illegal transaction involving bitcoin - an example would be the notorious cases of silk road drugs and mt. Gox.

imoet

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homt.net

Quote from: TravelMug on May 24, 2017, 01:08:19 AM

Quote from: Xester on May 24, 2017, 12:11:25 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. bitcoin has both advantage and disadvantages. But one disadvantages that really stands out is that is pave the way for criminals to used it to import or buy drugs in the dark market. Even terrorist has found bitcoin weaknesses and used it to transfer their funds. But do not put all the fault on bitcoin technology all along, but they should not undermined the advantages of bitcoin as well.

I agree with you..i ever heard that some people made murder videos in their youtube channel just to increase their bitcoin..but it was just few people did that...we can not blame bitcoin but the person itself ....

BitSat

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Quote from: itsallpc on July 13, 2017, 07:00:10 AM

Bitcoin has nothing to do with increase in criminality rate.Criminality was there even before bitcoin was created.It would exist even if bitcoin dies.Criminals would love to use coins like monero ,zcash which are fully anonymous and not bitcoin which is pseudo anonymous.

You are absolutely right there is nothing to do with criminality because this has very long history and its going with many ways just not with Bitcoins criminal are using many ways for many years its just a mind set that criminality is increasing with this they are using many other methods which governments are unable to check

calandra78

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Quote from: BitcoinPC on May 24, 2017, 03:43:44 AM

I really don't know about criminality of bitcoin wise. It is not fault of bitcoin, if bad people use bitcoin, than also see that point that good people also use the bitcoin. Bitcoin is a online currency, everyone could use it, and about the crime now criminality is here in all over the world, but not every criminal use the bitcoin.

I agree crime is a group of people who use this site because of the opportunity that is available mainly in the bitcoin. many are using bitcoin but not all users are a crime or a criminal. your words are true that bitcoin is an online currency which can be used by everyone. a criminal can do if the bad guy can see the point of a chance in the bitcoin. bitcoin criminal and not the same depending on any of its users.

itsallpc

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Bitcoin has nothing to do with increase in criminality rate.Criminality was there even before bitcoin was created.It would exist even if bitcoin dies.Criminals would love to use coins like monero ,zcash which are fully anonymous and not bitcoin which is pseudo anonymous.

Topic: Criminality and Bitcoin - page 72. (Read 31307 times)