Topic: How police think about Bitcoin enthusiasts ? - page 2. (Read 3776 times)

Large amounts I would worry about potential money laundering issues,especially if you are caught with a lot of money in a public setting.
If I was American I would have more worries because they have some odd laws that entrap people.

You really do not know until they target the issue and people start getting hit in stings through say localbitcoins.

A example here in my neck of the woods a whole wack of pot dispensaries where allowed to open up shop.
Pot is illegal but the municipal level decided to turn the other way and this made a stampede to open up these shops.
Its illegal to sell pot on all levels of government but the local police decided they had better things to do with their time then bust pot smokers.
So flash forward a year and we have a circus going on. The municipal are telling a majority of these shops to close because the new rules
are making them illegal. These shops are refusing to close and willing to pay the fine. All the well pot is going to be legal in the next year
right through Canada.
It a trend I have noticed though right across Canada is cops are doing big raids with big media campaigns to show all the drugs they took off the streets to get brownie points from some one,who knows who! It makes little sense to crack heads when its legal in less than a year but they are tripping over themselves trying to shut these places down.
So that example should tell you the mindset of what could happen with bitcoin,seems to be a trend in my Country of the police making examples of people right before a issue is going to be legal. The ole "Its not legal yet" gambit.

I do not even think a lot of police people are thinking about it and the cops that are in my eyes not talking bad about it.
Some maybe are and some are not talking bad about it but positive, its laying about your interests.

In my country, police don't care about bitcoin enthusiasts and i think they even don't know what and how is bitcoin. I never heard a man get jailed by police about bitcoin though.

I thought btc-e required identification and proof of address for wire transfers. Are they not actively enforcing that rule?

Police dont know what is the true usage of bitcoin, except some intelligent ones.
Majority of them think that Bitcoin is the medium of exchange for drugs and other illegal activities.

The basic knowledge of Bitcoin needs to be taught to them.

It also depends on which exchange you are using to do your trading at.

BTC-E for example doesn't force you to verify yourself in order to use their exchange.

It means that there is no personal information that the exchange has about you beside your IP address.

But then again, that exchange has been operating like it does for years. They won't work together with governments to hand them over your IP address and your trading history.

Depends what country you live in and how much time the Cops have on their hands.

I agree with everything said here. 

You can bet that if you are trading large amounts of BTC daily that someone knows.  If you file and pay appropriate taxes it should not be a problem and it makes your trading legitimate.

Lets be honest here:

1. Society knowledge about cryptocurrencies and bitcoin in general is really poor. Most people heard the word 'BITCOIN' but that's it.

2. People are usually only repeating information they heard on Tv - and we all know what kind of info mass media are spouting about bitcoin usually.

3. Most people lack basic knowledge about monetary system and economics, they take FIAT + Bank hegemony is ideal and the best system.

I do not think that they are thinking like this, I even know someone that is a cop and using the bitcoin.
I honestly think they are not thinking very bad about it.

If someone is trading huge amounts of Bitcoins on a daily basis that will certainly raise some red flags for the police and they will probably put the traders under surveillance so as to determine the source of the funds and if the money was obtained legally in the jurisdiction the suspects are in but I don't think this would automatically make any high-profile Bitcoin enthusiast a criminal. Actually there are special police departments that investigate cyber crime and digital heists and fraudsters so they are probably very well aware of the current criminal cases on the Bitcoin scene. The lower-level policemen wouldn't understand how Bitcoin works and they shouldn't be investigating things they don't know anything about because that is just preposterous 

even so, police still need proof to judge if those who have bitcoin earn their bitcoin or use it in illegal activities.

I recently talked to an (older) policeman. He has heard the word bitcoin, but did not know anything about it.
Probably the way most policemen in my country would react. Bitcoin here is just not established yet.

Most countries police were not aware of this growing technology. Only the higher officials have been notified with it when because of illegal activities done in the large scale.

Police think that we are criminals because we are earning free money out of nothing.

They are actually to dumb to understand the positive features of bitcoin and take everything as a crime which they fail to understand.

Police force is basically employed by the country and they will do whatever the country says. 

in my country using bitcoin aren't breaking the law as long it is not used for illegal activities such as buying drugs or something else and if police found some bitcoin users has used bitcoin for criminal acts they will only arrest for those who abusing bitcoin and not all bitcoin users in my country

Indeed, this all depends on which country we're talking about, in some it may well be illegal to use Bitcoin itself. But in most western countries, they will only investigate if there is sufficient reason to believe you may be involved in criminal activities.

In what country? Tradingw Bitcoin is not a crime, even not in large amounts but if it's connected with money laundering then is a problem. And trading large amounts maybe couldw risew some suspicion of it but you have to have some evidence. Andw I don't think that police all over the world thinks that Bitcoin people and enthusiasts are criminals.

do you think police will getting hard to arrest people with bitcoin crime?because bitcoin not listed on their regulated and not legal on goverment?i dont think so,police will arrest people with every crime,include related with bitcoin,and police have special regulation for extra ordinary crime.

For me police think about us as a Deep web user. They think that we are using our bitcoin to sell and buy some illegal stuffs like drugs and firearms but they didn't know that we bitcoin enthusiasts using it right and making money from it. I think the only thing that making us an illegal user is those people who using it on deep web.