Topic: Criminals and Bitcoin - page 61. (Read 4498 times)
Of course, criminals use all the resources that provide them with anonymity. And bitcoin is no exception. Its decentralized system is very useful for ensuring anonymity. And for the police it becomes impossible to unravel the identity of the criminal who carried out the transaction. Authorities can only view transactions and everything.
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.
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Yes, I agree to you that illegal trasaction are one of the reasons why governments and media are trying to depreciate bitcoin. I think this activities are also the reason why goverments are banning bitcoin. I hope that this criminals will catch soon even though it is hard to track.
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.
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Yes, I agree to you that illegal trasaction are one of the reasons why governments and media are trying to depreciate bitcoin. I think this activities are also the reason why goverments are banning bitcoin. I hope that this criminals will catch soon even though it is hard to track.
Hmm haven't we discussed this to death?
Absolutely we have, but what's one more unnecessary spam topic amongst friends, right?My mother knows I'm into crypto and I just saw her today, and she saw I had the forum pulled up on the screen, so she asked me if 'bitcoin had gone back up' and 'they keep saying it's being used for illegal things'. The second part I tried to explain to her like I'd explain to anyone who creates a thread like this. Yes indeedy, it's used for really bad goods & services, some of the worst things known to man, and that's because it's quick to send and there's a little bit of anonymity involved. But it also is used to buy some really good electronics on sites like Newegg and some really bad, overpriced stuff on Overstock.com.
Bitcoin is never going to wash off the stain of its birth, so to speak. Early on it was very strongly associated with Silk Road, and them getting busted was very high profile. It's burned into people's minds that bitcoin is a currency for black marketeers, and I doubt that can be unburned.
I second your opinion OP. I actually wrote about that.There is too much FUD over something that is not Bitcoin-specific.
Criminals can be seen every where, not only in bitcoin, its just so unfortunate that bitcoin has to be fully associated with criminal activities just because they used it for scam purposes and money laundering. Its so unfortunate that the government bad name bitcoin because of all this criminal activities. Even criminals can be seen in the popular fiat currency too.
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Your right nothing will happen because of Bitcoin, but that is the narrative the media will try to push on us. They will say the criminals, pornstars, and whoever else who is bad will begin to use Bitcoin. Well they aren't technically incorrect, the first people to adapt to emerging technologies are people who generally don't have many options when it comes to financial services. Some of those are illegal like criminals but some are purely discriminated against for their profession, which is the pornstars and strippers.
Bitcoin is not totally untraceable but it is hard to do it.
Bitcoin transactions are very easy to trace with how its blockchain is like an online book that everyone can browse through. People don't actually enjoy any form of long term privacy. At some point you may and will likely be linked to specific transactions, which is something people don't think about currently. I am quite sure that a large percentage of the malicious usage located itself to crypto currencies focused on offering people the privacy they are looking for. Bitcoin's open nature is exactly why I strongly believe that it will never be outlawed, where the coins offering privacy features will likely undergo a less friendly treatment, but it's not really a problem with how decentralized exchanges gain more popularity. Privacy coins will function mainly as entry and exit points.
I don't think that this is true. Bitcoin and other cryptos are mainly used by investors due to the high daily price change, the easy of using them and from those who want to hide their funds or make international payments. I believe that less than 0.1% of transactions belong to criminal activity. Don't forget that criminals don't care about currencies. You think that a criminal can't use USD or other currency to make a transaction? Except if you mean as a criminal someone that wants to hide his money from tax authorities.
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 special law enforcement services still have methods of work, often without computers. only at the expense ties. But using bitcoin, you can make a long chain of logic and come out a criminal. 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.
we can not clarify a deliberate crime or not if bitcoin is used for a crime they must have evidence of whether it is true or not because the police can not prove it right or wrong, we have heard this news many times but where the proof is just an unnecessary piracy we respond.
It will be hard to track it if they use some kind of mixer or the one who made the transaction doesnt really have much information about the profile.
IP tracking of where the last transaction could somehow do it but that is also if they are not using any VPN or something to scramble the IP.
A hard to task to give a good solution to it.
It had talked here most of the time just so to clear the bitcoin name which is being stained by those kind of illegal transactions.
IP tracking of where the last transaction could somehow do it but that is also if they are not using any VPN or something to scramble the IP.
A hard to task to give a good solution to it.
It had talked here most of the time just so to clear the bitcoin name which is being stained by those kind of illegal transactions.
Bitcoin and Cryptos has nothing to do with crimes, people commit crimes. I guess that the greatest criminals in the world uses USD not cryptos.
There are crimes in many areas in this world and in crypto isnt excluded.
Bitcoin is not totally untraceable but it is hard to do it.
There are crimes in many areas in this world and in crypto isnt excluded.
Bitcoin is not totally untraceable but it is hard to do it.
it is unfortunate that bitcoin can be for very negative things, because if that happens then many countries will make tightening and regulation very difficult and will have an impact on the continuity of bitcoin.
but hopefully the country can intervene to prevent the use of bitcoin for any form of criminalization. hope to be resolved .........
I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
Everything that can be used by criminals is or will be in the near future. THat's a fact.
How the police can find about these transactions?
By tips? Investigations? Bitcoin has to be spent somewhere.
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.
It's not. It's like saying that dogs are a problem to society because once in a while a dog wounds or kills a man.
At present forums, Bitcoin is said to be a valuable currency for investors, and in many countries with economies of slow development, bitcoin is thought to be a currency that can cause a significant crisis. Alarmed by the economic growth of the nation.
Yes, I agree. this is a good point. BitCoin can really help developing countries which lack full infrastructures to develop faster...
I believe that every technology can be use for both good and bad.
For example, the internet has its dark side, "the dark net", where many bad things can be traded etc.
This doesn't mean that the whole internet is bad!
BitCoin gives us the possibility to share money directly without any interference.
This is of course a good thing, but can be used for bad things as well...
For example, the internet has its dark side, "the dark net", where many bad things can be traded etc.
This doesn't mean that the whole internet is bad!
BitCoin gives us the possibility to share money directly without any interference.
This is of course a good thing, but can be used for bad things as well...
At present forums, Bitcoin is said to be a valuable currency for investors, and in many countries with economies of slow development, bitcoin is thought to be a currency that can cause a significant crisis. Alarmed by the economic growth of the nation.
Not only bitcoins but other crypt I currencies like monero,ether and litecoins are all untraceable and anonymous. But I don't think all these coins are responsible for the criminality. Any good thing had bad side,like fire. And bitcoin is not exception.
every thing that can make money there is a lot of criminals, in the world of the Internet there is a heker, so they are in this bitcoin they are quite easy to steal our assets because in the bitcoin world there is no name of the person responsible if happened something, more so in my country the government does not allow this bitcoin, yes if we lose our assets, we can not take responsibility for it
news like this must have been anticipated before appearing in bitcoin ... because every authorities has prepared everything to anticipate the crime of the corrupt and as his invested his funds in bitcoin
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