Criminals and Bitcoin - page 28. | Bitcointalksearch.org

BennyK

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Quote from: Janation on May 17, 2018, 06:52:32 AM

Quote from: RedzoneASE on May 17, 2018, 05:34:41 AM

Quote from: brawdias on April 28, 2018, 10:41:12 AM

I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.

Yes, but I so believe that the police do have ways in order to track illegal activities that involves bitcoin as thier medium for payment. We all know that within local bitcoin trading site offer common kyc and this is one of the preliminary measure to help the government on detecting criminals that is using bitcoin.

KYC? As far as I know. KYC is usually used on investing on ICO Projects so how can they know the criminals lurking in there? And do you think that criminals will let themselves send their real identity on the internet where they will know that someone can know him or her? Criminals are not that easy to catch, especially the ones lurking on the internet, we just need to be very careful.

You are right, KYC cannot effectively detect a criminal using Bitcoin for illegal purposes as no criminal will deliberately give out their identity. For ICOs, the developers can be tracked through the KYC and AML they provide for SEC especially in America because these developers or team host seminars to unveil their project to others.
But the truth is, illegal transactions are not associated with only Bitcoin. You can find terrorists being funded with USD, EURO and whatever currency you can think of yet the governments are always on the one arising from Bitcoin. Quite weird, perhaps they have an ulterior motive.

Mofoblitz

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Its quite unfortunate that Bitcoin has been related to crime, there are a number of outlaws out there who re utilizing Bitcoins to make illegal transactions, The platform provides a free and secure medium of pay that is untraced not not monitored by anyone, Bitcoin itself dos not chose whom transacts and its not possible to know who makes what kind of transactions, on the other hand. With or without Bitcoins, there still could have been crimes, so the bLAME cannot entirely rest on BTC

setialovers

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Quote from: brawdias on April 28, 2018, 10:41:12 AM

I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.

I am believe that bitcoin or others cryptocurrency dont have relation with criminal activities. With growing cryptocurrency market, criminal using crypto for their activities and Its not related with cryptocurrency because they can use fiat money for their activities.
I think thats one of many reasone why cryptocurrency or bitcoin prohibite in some country and government

kidoseagle0312

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Your'e right the problem isn't with Bitcoin but with the people that abuse and exploit Bitcoin for their selfish gains. The government is still trying to make some things work in order to solve this kind of problem, that's why they put up regulations left and right about cryptocurrencies. These regulations are not bad and will only hinder the illegal affairs that Bitcoin has to address to.

trutel

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now is not a new thing anymore, banwasanya many drug transactions that use bitcoin. The reason is that transactions using bitcoin are easier and less complicated. The solution is that the governments of each country must make a fair regulation so that bitcoin and bitcoin receivers are not harmed.

S.R Rikto

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We all know Mattamata. Many financial experts alert Bitcoin trading and the risks associated with the existence of virtual currency systems in general. Due to limited supply, if the price goes up, there will be no buying position of Bitcoin, at the same time, the amount of electronic money raised by the brokers increases the security risk.

evanstinger

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Quote from: chiggip on April 28, 2018, 01:14:19 PM

Bitcoin is not responsible for this.Criminal commit their crime anyhow.Before bitcoin here was crime and it will be if bitcoin don't exist

True! Long before the days of bitcoin, criminals already exist and kicking!
With bitcoin or not, they will do what ever the f they gonna do anyway, no need to blame the cryptocurrency.

careCentre

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We human being is to blame because People commit the crimes, not bitcoin. Its a form of mechanism which people and the government just use as an excuse. Governments will not allow a decentralized currency, they cannot control. And the authorities cannot just bluntly ban bitcoin. That's why they use all kind of these stupid excuses to get rid of bitcoin. It's not because of the internet, nor because of dollars or bitcoin, those crimes are committed.

qwertyuiop0987654321

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Quote from: ranochigo on April 28, 2018, 10:44:57 AM

Hmm haven't we discussed this to death?

It is not possible for the police or any entity to tell, just by looking the transactions themselves. In fact, without any actual link to evidence, the transactions can't be identified. If the authority can get one of the addresses/transactions involved, they could get the whole link of addresses that are related but that isn't possible all the time and its rather inaccurate and useless.

Bitcoin is not responsible for any crimes that happen in crypto world. It is the people that commit crimes their own. Bitcoin is just their factor or instrument of making crimes.

chichigirl

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HELENA

Quote from: chiggip on April 28, 2018, 01:14:19 PM

Bitcoin is not responsible for this.Criminal commit their crime anyhow.Before bitcoin here was crime and it will be if bitcoin don't exist

Yes, of course bitcoin is not responsible for any crime because it is just a currency that we use to make our transaction more easy than usual.

jlong187

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hi, you are right i think, people are different - someone use it for earning money, it is good, someone for buying guns. It is the theme for police in that country, but not for the Crypto

ubander

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I agree with you, we can get tighter regulations but criminals will always be amongst us.

Stromspirit

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there is no single authority of any entity to notify illegal transactions in bitcoin, with no actual link to the proof of the transaction can not be identified. If the authority can get one of the addresses / transactions involved then they can get the entire address. only humans should be controlled with these errors should not be associated with any bad action with the emergence of cryptos.

Yudai

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Gric Coin - Redefining Agriculture and Increasing

Quote from: Remainder on May 29, 2018, 11:42:25 PM

Bitcoin as a crypto currency can be used in any illegal activities by cyber criminals because it can't be trace, it's up to the authority on how to found out thus guys, that is why some country banning bitcoin to protect their people from scammer or cyber criminals.

Indeed, the anonymously factor of the bitcoin somewhat carries a problem. It is hard to accept that there are some bad people who tries to take advantage of bitcoin.

rahimali

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In every sector there will be a culprit. If we count them as major then nothing can happen. We just have to find a way out to prevent it. Think about the sweet. If we cant keep it safe, it will be eaten by ant. There is no fault of the sweet. Just find the way to prevent it and use it for the good.

Ronni

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This is normal, well know that bitcoin is free for all and it is up to the people who use it if they want to make crime and do bad things with their bitcoin. Bitcoin is not responsible of these acts, the responsible for these are the people who once used it and leaved a negative image for bitcoin because of the act the he/she had done.

Cynooza

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Quote from: Blackwhite69 on June 01, 2018, 09:52:40 AM

Quote from: Remainder on May 29, 2018, 11:42:25 PM

Bitcoin as a crypto currency can be used in any illegal activities by cyber criminals because it can't be trace, it's up to the authority on how to found out thus guys, that is why some country banning bitcoin to protect their people from scammer or cyber criminals.

There are advantages that can be from Bitcoin and will have the shortcomings that will happen as criminals will be easier to make transactions.

Well, criminals also use fiat money and that can be done more or less anonymously as well. I think authorities should focuse more on the cause of crimes that on the tool.

Blackwhite69

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Quote from: Remainder on May 29, 2018, 11:42:25 PM

Bitcoin as a crypto currency can be used in any illegal activities by cyber criminals because it can't be trace, it's up to the authority on how to found out thus guys, that is why some country banning bitcoin to protect their people from scammer or cyber criminals.

There are advantages that can be from Bitcoin and will have the shortcomings that will happen as criminals will be easier to make transactions.

online73

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Ecowatt.io

Hello everybody. The offender acts like a worm under the ground, - bumping into an impassable obstacle, he just bypasses it. Just here, any criminal will pay for one or another illicit product, the money that is most easily hidden and most difficult to track. If not Bitcoin, then another financial system will be operated. In addition, it is easiest to pay in cash. The assertion that Bitcoin is a currency for criminals is not true, this is not an excuse for banning digital gold.

Remainder

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Bitcoin as a crypto currency can be used in any illegal activities by cyber criminals because it can't be trace, it's up to the authority on how to found out thus guys, that is why some country banning bitcoin to protect their people from scammer or cyber criminals.

Topic: Criminals and Bitcoin - page 28. (Read 4576 times)