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Topic: Criminality and Bitcoin - page 89. (Read 31307 times)

hero member
Activity: 1036
Merit: 504
Becoming legend, but I took merit to the knee :(
May 24, 2017, 12:26:58 AM
#5
Criminal activities have been linked with any currency for eons, before money like seashells, farmers were exploited for livestock, after that seashells, than came paper money, gold, jewelry  , and the likes of it.

Just because bitcoin or cryptos are used for illegal activities is not proof or proper statistics that bitcoin is the reason for more crimes in the world.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
May 24, 2017, 12:23:26 AM
#4
The same thing was said about the internet and now people use the internet more for legal business than crime. All technology has a "dark" side. Telephones are used to harass and exploit people, but most telephone calls are legit. Do we throw away all telephones, because a small percentage of people use it for crime? NO... The good will triumph in the end.

Do not listen to the government shills, they have reason why they want Bitcoin to fail. ^grrrrr^
legendary
Activity: 1834
Merit: 1036
May 24, 2017, 12:19:04 AM
#3
Not all criminal activities can be linked with Bitcoin
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.
hero member
Activity: 714
Merit: 501
May 24, 2017, 12:17:59 AM
#2
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.
hero member
Activity: 994
Merit: 544
May 24, 2017, 12:11:25 AM
#1
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.
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