Topic: How to treat bitcoin as a cyber crime tool? - page 2. (Read 216 times)
Bitcoins have no value in legal trade in goods, at least for the time being, but they do indeed have immense value in the illicit trade. And the huge profits from illegal activities are the fundamental value of bitcoin. Through bit It is very easy to translate illegal profits into legal revenue, which is enough to establish an underground world that can not be regulated. That is why governments are reluctant to recognize bitcoin.
Bitcoin is free and easy. A single transaction with a few mouse clicks without the need to pay a central bank fee and without inflation due to some of the features of the legal tender issued in the world gives everyone who believes in Bitcoin free and Convenient means of trading and many other benefits. This is the same thing as everything else, and everything must be there because it gives people some benefits. Criminals are human beings, and criminals can avail themselves of these benefits. Such as the emergence of civilization, such as the emergence of guns and other weapons, such as the emergence of the phone, such as the emergence of the network. These things have brought convenience at the same time, gave birth to a new method of fancy crime. However, these are not the problems of these things themselves.
The argument that Bitcoin is a criminal tool is inappropriate. This is like a criminal who robbed you with a knife and asked you to give him your wallet. At this time you can say that "the knife is a criminal tool" and cannot say "the wallet is a criminal tool." Criminals use encryption to attack people’s computers and ask people to give them Bitcoin. Similarly, you can say “cryptography is a criminal tool” instead of “bitcoin is a criminal tool”. Of course, encryption is not a crime tool is another thing, there is no need to discuss here.
Do you think bitcoin will turn into a crime tool? Many people use bitcoin to do some illegal activities, what do you think?
no because we are way past that point.
you see when bitcoin was new and it was the only thing around, this is when the misconception about bitcoin anonymity was still strong, by that time bitcoin was used more for illegal activities than anything else. although it was very very negligible compared to criminals using USD.
then slowly people realized bitcoin is not anonymous and never was and never was advertised as one either!
also real anonymous coins with focus on this were introduced. coins such as Monero and they are now satisfying that purpose. but it is still negligible compare to USD
Do you think bitcoin will turn into a crime tool? Many people use bitcoin to do some illegal activities, what do you think?
Bitcoin is NOT a cyber crime tool.Cyber crime tools are viruses,malware,phishing methods,doxing and all the other software and hardware tools used by the cyber criminals to steal money and personal data.Bitcoin is just a currency,and by the way,most of the cyber criminals use monero or other altcoins.
Your question in the title is pointless.We can`t threat btc as such tool.
Do you think bitcoin will turn into a crime tool? Many people use bitcoin to do some illegal activities, what do you think?
Anything that is used as a tool to finance criminal activity should be treated same way regardless of what it is - USD, Gold, Bitcoins, other fiat currencies, anything else that can be used as an exchange medium.
It is crime world should fight with, not the tools used in crimes.
That argument aside - bitcoin transactions are actually much more transparent and traceable then conventional cash that is pretty much used as universal medium to finance shady stuff.
Yes but not as much as the USD
Do you think bitcoin will turn into a crime tool? Many people use bitcoin to do some illegal activities, what do you think?
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