Criminals and Bitcoin - page 57. | Bitcointalksearch.org

Spontebob

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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.

This is why bitcoin cannot be legalized in some countries since there are people who use bitcoins in form of illegal transactions, it cannot be tracked by the government. It is considered as a haven for black markets and money laundering by the government.

DoublerHunter

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Criminals and bitcoin are so connected back then when bitcoin is just getting started because bitcoin is a anonymous cryptocurrency that helped them to transact under the radar but as of now, there is a lot of altcoins that do better than bitcoin in terms of privacy so bitcoin is now more into investment or being an asset rather than a currency that is being use to transact illegally.

ismelda_ita

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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.

every bitcoin transaction is done using a wallet account. I think to prevent or minimize such incidents required KYC every wallet account registration on every platform.

Pejoh Asu

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Quote from: ottopk on May 01, 2018, 02:39:11 AM

Almost half of all Bitcoin (BTC) transactions sent to date have been associated with illegal activity, a new report has revealed.

Researchers at the University of Sydney have uncovered that a quarter of Bitcoin users have ties to criminal activity and that a little less than half of all Bitcoin transactions have been linked to illicit industries, like drug trafficking and hacking.
Shocked

These customers are thought to conduct somewhere in the region of 36 million individual transactions per annum, with a total value of around $72 billion. They’re also predicted to hold around $8 billion worth of Bitcoin collectively.

Cool

This is what makes many countries choose bitcoin banned for fear of being used for illegal transactions, but by making the regulation then it can be overcome and it is tightening control of exchanges, because the thing we can do is look into the where the money from the bitcoin.

perfryan

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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.

The Dubai police arrest suspects behind $1.9 million bitcoin heist.

The Chinese police seize 600 bitcoin mining computers over electricity theft.

Bigbitcoin heist suspect escapes prison in Iceland flees to sweden.

Crypto scammers face 21 years in prison,warns Philippines regulator.

bitvalak

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SecureShift.io | Crypto-Exchange

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.

it all depends on their intentions. The illegal thing by using bitcoin is only done by some person. There are still many positive things that use bitcoin if we want a little eye opening. Many people who helped the economy because of making money through bitcoin, call it bounty and others. The task of the media and the government is to turn off bitcoin because it is not in line with government objectives. Media only as a tool to do that.

tungaqhd

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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.

Bitcoin wasn't made for criminals, just because people use it for illegal work.
But it's hard to control this as Bitcoin transactions are anonymous and everyone can use bitcoin.

bitbargains

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You're completely right. Bitcoin being used for crime isn't because Bitcoin is evil or bad. Anything can be used for malicious purposes, and criminals just happen to use Bitcoin.

ottopk

newbie

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Almost half of all Bitcoin (BTC) transactions sent to date have been associated with illegal activity, a new report has revealed.

Researchers at the University of Sydney have uncovered that a quarter of Bitcoin users have ties to criminal activity and that a little less than half of all Bitcoin transactions have been linked to illicit industries, like drug trafficking and hacking.
Shocked

These customers are thought to conduct somewhere in the region of 36 million individual transactions per annum, with a total value of around $72 billion. They’re also predicted to hold around $8 billion worth of Bitcoin collectively.

Cool

ottopk

newbie

Activity: 154

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Police in Russia have developed a case against two organizers of a cryptocurrency mining farm in Orenburg, according to Irina Volk of the Ministry of the Interior of the Russian Federation, RIA56, a Russian news source, reported.
BTCBTCBTC
More than 6,000 pieces of computer equipment were discovered at the former plant of the RTI which police believe was a mining farm. Police had installed agents at the site. The bitcoin farm used 8 million kilowatts per hour without taking into account power consumption.
Sad

Police found equipment connected to the power grid, as well as power supply cables leading to a nearby substation.

ottopk

newbie

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Australian federal authorities have pinned multiple charges on a 32-year-old Brisbane woman for purchasing illicit drugs from the United Kingdom, using bitcoin. Undecided

‘People shouldn’t assume the dark web is invisible to Australian agencies’ warned Australian Border Force (ABF) Queensland regional commander Terry Price while announcing details of a joint-investigation with the Australian Federal Police (AFP) on Friday. BTC

Elmer1

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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

Yess . Some of the people use bitcoin for crimes ex: scammers . Because there are so many people used bitcoin . And so on scammers are active to stole bitcoin to someone . Be carefull of scammers

evermak

newbie

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I do not think that bitcoin is encouraging any illegal activities. Majority of people are using it as an investment medium only. Some people might be using it for illegal activities but they are not going to become saints even if bitcoin is banned.

groomsxxx

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Get Up To 100% Your Profit Every Day. Really

I'm really sorry that these two things could be such as to communicate with each other and many people use bitcoin for illegal purposes and actions

bitfocus

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Terrorists are using Cash, Gold, Internet, Mobile Phones, Banking, even foods and breathing the air - so, you wanna stop breathing? eating food? using Cash, Gold, Internet, Mobile Phones, Banking?

MasterCATZ

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it's a pity that bitcoin is really starting to be linked to crime.I hope that with time and its legalization all problems of this kind will disappear

James_H

sr. member

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Merit: 250

Before bitcoin exists, evil on earth has already happened. Therefore it all depends on the personality of each person. If used for good, then the results of the bitcoin daari I believe will be good. However if done for a crime I believe it does not go well for that individual.

kucritt

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yes i know that bitcoin usually sed by the criminals, like the terrorist distributed money, hacker in ransomware, illegal things like narcotic, guns, and other illegal things. its hard to trace it, because the blockchain is very secure, we know that blockchian is tranparent its mean that we can see the transaction on it but we can't try to identify who ise the owner of that address, who is the senders, and who is the receiver

Snaic

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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.

First, according to the study, bitcoin is used only as little as ten percent for any illegal purposes precisely because it is not completely anonymous. To commit crimes, a coin like monero is used, which by the level of anonymity far exceeds bitcoin. Using the public address of the desired bitcoin purse and the contents of this purse, that is, what coins are there and how much, and also having the opportunity to trace all the transactions of this purse, law enforcement agencies can go to the exchange or exchanger, where the owner of this purse, performing operations with the crypto currency, identified itself. Thus, it will be installed. At the request of law enforcement agencies, exchanges and exchangers will be required to provide an opportunity to take pictures of these financial transactions, as well as provide other data that will serve as evidence for the court.

vorseb

newbie

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There is the reason why it's resricted in m country. However, sooner or later they will definitely receive Bitcoin because they have to keep up with technology.

Topic: Criminals and Bitcoin - page 57. (Read 4576 times)