Criminality and Bitcoin - page 74. | Bitcointalksearch.org

wxa7115

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Bitcoin is GOD

Quote from: susila_bai on July 05, 2017, 06:18:38 PM

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Quote from: Weatherby on June 21, 2017, 06:33:59 PM

Quote from: jerowacik on June 18, 2017, 01:16:03 AM

All of this must be looked for handling. There should be a regulation that regulates bitcoin so that later each user can account for what they do. But I think there must be a very careful thought, because we know that today bitcoin is anonymous so anything done will be difficult to trace. For now everything looks hard to do.

I think all the major exchanges are taking these things seriously ,as they are strict about KYC and other verification and with the new regulations coming out ,i am pretty sure that it will be a mandatory to provide your identity if you are dealing with bitcoin and the biggest problem will be the privacy becomes a big factor as your assets will be known by the government.

Nothing that cannot be solved by doing face to face trades instead, or you could earn or mine your coins instead of buying them, or after buying your coins you use a bitcoin mixer, like chipmixer and then governments cannot know where your coins are.

A lot of things can be said about criminal issues regarding Bitcoin. The fact is that to date not only hackers who hack into state institutions, extort fees for their activities in Bitcoin, but at the same time, even illegal drug and arms trafficking, also spreads through the Internet and with payment in the crypto currency. Such cases are encountered very often. This should be avoided.

I’m not suggesting people to do anything criminal, I’m saying that for those that want to protect their privacy, then they can easily do it by taking additional steps that not many are going to take, also I think at some point better anonymity is going to be integrated in the bitcoin code.

I think it is upto the users of Bitcoin will whether to use bitcoin in good or bad way, why even fiat currency is also being used for all criminal activity, Gold was the main source of criminal activity before but did everyone started to avoid it NO. So why all are thinking bitcoin as bad currency.

Banks and governments don’t like bitcoin, but they have no way to directly stop it, so at the time , they are relying on indirect ways to stop it, and one of those ways is to misinform the population about the uses of bitcoin, an that is why they want to create that connection on the minds of the people.

stephanirain

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Quote from: Sniper44 on May 24, 2017, 12:17:59 AM

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.

Yes your definitely right before bitcoin was created there are many criminal activities that people had made. But i hope that no one used bitcoin for there criminal activities such as selling drugs, money laundering and etc. Because maybe this is the reason why the government can't accept bitcoin as a legalize money.

Lorilikes

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Content| Press Releases | Articles | Strategy

Quote from: peter0425 on July 07, 2017, 02:20:07 AM

Hacker Pleads Guilty of Stealing $365,000 Worth of Bitcoin From Darknet Criminals

Hacker Michael Richo, who was arrested on October 5, 2016, has admitted that he stole a total of $365,000 worth of Bitcoin from darknet marketplaces, News 8 reports.

For this crime, Richo could serve up to 30 years of jail time.

https://cointelegraph.com/news/hacker-pleads-guilty-of-stealing-365000-worth-of-bitcoin-from-darknet-criminals

Another hacker pleads guilty and will be put in jail. Good job by the authorities.

Wow!! I wonder if the criminals from who he stole the money were also busted.
Sounds like Vigalante and I am curious as to the consequences of his crimes, and if any reward
Was given for his help (with the people who he stole from ) .

BCTalkaccountforsale

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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.

I think anything that gives you money is always accompanied by criminals exploiting it. Bitcoin is also the kind of criminals who take advantage of bitcoin to do what is illegal and we can not do anything about it.

peter0425

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Hacker Pleads Guilty of Stealing $365,000 Worth of Bitcoin From Darknet Criminals

Hacker Michael Richo, who was arrested on October 5, 2016, has admitted that he stole a total of $365,000 worth of Bitcoin from darknet marketplaces, News 8 reports.

For this crime, Richo could serve up to 30 years of jail time.

https://cointelegraph.com/news/hacker-pleads-guilty-of-stealing-365000-worth-of-bitcoin-from-darknet-criminals

Another hacker pleads guilty and will be put in jail. Good job by the authorities.

Lorilikes

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Quote from: TravelMug on July 06, 2017, 11:52:51 AM

Today I just have a conversation with some of my buddies and they still think that bitcoin is only used for criminality and illegal activities like drugs. Its really hard to argue with them since they don't really know about the details on bitcoin. But I have argued that its not bitcoin fault that it is being exploited by criminals and there are a lot of positive things that bitcoin can be used. Like doing trading or earning some in a signature campaign or long term investments.

🦋❤️🦋
I might reply to friends who think all bitcoin is for criminal activity something like...
"Let me see a dollar from your wallet" then I would tuck the dollar somewhere like their belt or something. Then I would say "You are a stripper! I always knew it! That dollar was probably in the bra of a stripper therefor, you are also a stripper." Of course my logic wouldn't be met well with enthusiasm so I would remind them that as a Bitcoin user and enthusiast, I am still NOT a criminal. Hopefully then I would get a small round of applause. Point is- we are millions of users of Bitcoin. MSN and CBS and similar mainstream media are filling the media with scare stories and that's why you rarely hear the heart warming tales that involve Bitcoin. People gravitate towards bad news. Why? I don't know 🦋❤️🦋❤️

Lampaster

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Quote from: emberbekas on July 06, 2017, 02:33:26 PM

Bitcoin is arguably a novelty that's why law enforcement against crime involving bitcoin has not received much attention. So, the criminals can still explore it. But I'm sure, sooner or later, as the number of crimes involving bitcoin increases, of course lawmakers will take action by applying new laws to ensnare the criminals.

In my country, the government pretends that bitcoin does not exist. If you become a victim of theft of bitcoins then you won't even take a police report because a theft has no price and thus is not a property. So the criminals feel quite freely when dealing with bitcoins.

emberbekas

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Bitcoin is arguably a novelty that's why law enforcement against crime involving bitcoin has not received much attention. So, the criminals can still explore it. But I'm sure, sooner or later, as the number of crimes involving bitcoin increases, of course lawmakers will take action by applying new laws to ensnare the criminals.

Drnice

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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.

Well to me, this depends on the view. Bitcoin can be of help to criminal acts in the form of using raw money stole from the country and use it to buy Bitcoin and a free movement without been caught or held ransome as a criminal. Wink

Azkabal

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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.

Well i will agree with others that much criminality was already before BTC comed around. And it is not especially right saying that BTC makes criminal network growing high, cause it is not BTC, that is just more criminals.

Harlot

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Quote from: TravelMug on July 06, 2017, 11:52:51 AM

Today I just have a conversation with some of my buddies and they still think that bitcoin is only used for criminality and illegal activities like drugs. Its really hard to argue with them since they don't really know about the details on bitcoin. But I have argued that its not bitcoin fault that it is being exploited by criminals and there are a lot of positive things that bitcoin can be used. Like doing trading or earning some in a signature campaign or long term investments.

Yes you are right criminals will always take advantage of everything just to evade and avoid being caught by the authorities the only problem is what they chose to evade criminal activity is transacting payments via Bitcoin, without the boundaries of their own money the government can't track all the transactions being made with Bitcoin. The only way to win against your friend's argument is prove that you as a user of Bitcoin is not a criminal and you are earning Bitcoin from an online source. Being able to influence your friends with it will be a big step for both you and your friend in changing other persons as well.

CARrency

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Quote from: TravelMug on July 06, 2017, 11:52:51 AM

Today I just have a conversation with some of my buddies and they still think that bitcoin is only used for criminality and illegal activities like drugs. Its really hard to argue with them since they don't really know about the details on bitcoin. But I have argued that its not bitcoin fault that it is being exploited by criminals and there are a lot of positive things that bitcoin can be used. Like doing trading or earning some in a signature campaign or long term investments.

We can't seal the darkness or bad things that can be connected to these digital currency, with it's suitable features, it can be really used to these kind of crimes. But I think we must also thank thise guys because of them the price of bitcoin is pumping because they are helping us make bitcoin increase their value. You don't need to argue with your friends because it will depend on the users how will they use these digital currency.

Zionatin

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Doesn't sound right to me. Properganda much ? Criminals will always use what is at their disposal to evade the law and get what they want. Masks or pantyhose play s big part in srmed robbery so should we ban them as well ? Eventually we will have banned everything. Also what they call criminal and what we call criminal are very different. Is it really their priority to chase safe drug dealing online ? Surely cleaning the streets comes first ? People get hurt and robbed and have their cars stooen everyday and we have a police force sitting online catching drug dealers. Umm nooo.... I don't think I want my tax money paying for that.

TravelMug

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Today I just have a conversation with some of my buddies and they still think that bitcoin is only used for criminality and illegal activities like drugs. Its really hard to argue with them since they don't really know about the details on bitcoin. But I have argued that its not bitcoin fault that it is being exploited by criminals and there are a lot of positive things that bitcoin can be used. Like doing trading or earning some in a signature campaign or long term investments.

Mandoy

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Aurox

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 do believe in that theory. If we notice that as development is taking place and the population is also growing criminality also pops out. This means that if we have development we dont only reap positive effects but also the negative elements that is attracted to it. The same principle is applied to bitcoin and cryptocurrency. Bitcoin is a kind of development in the financial payment system thus it attracts criminals to use bitcoin as a tool to scam, hack or to rob money or bitcoin from a victim. Thus bitcoin does not only bring positive events but also negative activities. But it doesnt mean that bitcoin is evil but rather if people are evil then bitcoin will be also used in evil.

itsallpc

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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.

Not at all.Bitcoin has nothing to do with criminality ratio.It was in earlier stages,bitcoin was adopted by black markets.But now bitcoin is used for all purposes and it has investors all over the world.Even if criminals want to use crypto coins for the reason anonymity,then they would feel safe by using altcoins like monero and zcash which are fully anonymous instead of bitcoin which is pseudo anonymous.

Russlenat

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Quote from: Omega Weapon on July 05, 2017, 09:04:00 PM

Quote from: rickbig092 on June 29, 2017, 04:56:31 AM

Yes i think there is a relation because of bitcoin nature as an anonymous currency usable online and offline it might have increased some online crimes like cross-continent drug dealing and with no ID's and evidence. And so some criminals had the idea of using bitcoins to use bitcoin in their crimes.

Criminals have been conducting crimes on the internet for a very long time, way before bitcoin was even close to being an idea in satoshi’s head, people use stuff for uses the inventors never even imagined, a kitchen knife was created to cut fruits and vegetables, meat and other stuff in the kitchen, but unfortunately, it is a very common weapon in domestic disputes.

That's true, crime is already done many times on internet and now we have bitcoin currency and it can also be used as tool for any internet crime like just wannacry did on there ransomeware attack, they used bitcoin as payment of there crime.

mrcash02

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Quote from: Omega Weapon on July 05, 2017, 09:04:00 PM

Quote from: rickbig092 on June 29, 2017, 04:56:31 AM

Yes i think there is a relation because of bitcoin nature as an anonymous currency usable online and offline it might have increased some online crimes like cross-continent drug dealing and with no ID's and evidence. And so some criminals had the idea of using bitcoins to use bitcoin in their crimes.

Criminals have been conducting crimes on the internet for a very long time, way before bitcoin was even close to being an idea in satoshi’s head, people use stuff for uses the inventors never even imagined, a kitchen knife was created to cut fruits and vegetables, meat and other stuff in the kitchen, but unfortunately, it is a very common weapon in domestic disputes.

That is true, an inanimate creation can't do nothing by itself, no one could say if it's evil or good, everything depends the person who is using this, if it's being used for the good or for the evil. Bitcoin is used by both, and it's not Bitcoin fault or its creator fault. Anonymously or not people will continue buying and selling drugs, doing money laundry and many other crimes, also Bitcoin isn't 100% anonymous.

Omega Weapon

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Quote from: rickbig092 on June 29, 2017, 04:56:31 AM

Yes i think there is a relation because of bitcoin nature as an anonymous currency usable online and offline it might have increased some online crimes like cross-continent drug dealing and with no ID's and evidence. And so some criminals had the idea of using bitcoins to use bitcoin in their crimes.

Criminals have been conducting crimes on the internet for a very long time, way before bitcoin was even close to being an idea in satoshi’s head, people use stuff for uses the inventors never even imagined, a kitchen knife was created to cut fruits and vegetables, meat and other stuff in the kitchen, but unfortunately, it is a very common weapon in domestic disputes.

jekjekman

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Bitcoin is a criminal's paradise in terms of storing their money if you want to say it as that but criminality is all around the world in all things so Bitcoin is not exempted in criminal works though, in every each one of the fiat currency that exist today is being use by bad and good people so what is the difference.

Just accept the fact that it is evil if you use it as one, it depends on how responsible you will use your Bitcoin in your life and other else's life.

Topic: Criminality and Bitcoin - page 74. (Read 31307 times)