Topic: Is bitcoin a criminal tool? - page 3. (Read 721 times)
All types of currencies are used by criminals to carry out their nefarious activities, I don't think it's peculiar to bitcoin alone although the anonimity that comes with bitcoin helps them to hide their money and their funding.
Yes Bitcoin has many advantages in trading and investment in our currency market. Bitcoin is not just good direction. These coins are sometimes used by terrorists in their illegal activities. Because terrorists feel safe to deal with these coins, So bitcoin is said to be the criminal tool.
In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
I don't think so. Only a small fraction of bitcoin is used by criminals. I don't think bitcoin is a criminal tool. If criminals use cash crimes, and whether cash is a criminal tool, I think the answer is no, cash is not a criminal tool. In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
no. how we use investing is the most appropriate
It's possible to be used into something evil. Since it's decentralized and people can transact without showing their real identity.
Quite a strange name in this topic. you can draw an analogy and ask a question. Is the dollar a criminal tool.
Everything depends on the goal and not on the means of achieving this goal. correct me if I'm wrong
Bitcoin is just a currency that exists in digital form and due to its anonymity, many people use it in illegal activities but that does not mean, bitcoin is the culprit. It was never created for this purpose. Besides, many other currencies and assets are also misused this way. Like you said, it is not the fault of these inventions but the people who have wrong aims. Bitcoin has helped many people in earning good profit. That should also be counted here. Everything depends on the goal and not on the means of achieving this goal. correct me if I'm wrong
It could be ... just as fiat or any other type of payment a criminal may ask for. However, Bitcoin is not anonymous, it is pseudonymous. Sure, it might be harder to track, but it does not grant you the anonymity you incorrectly mention.
Bitcoin can be a criminal tool as much as cash. The cash is even worse because it has absolutely no traceability. Bitcoin, on the other hand, even if many transactions are anonymous, has some form of traceability
In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
Bitcoin is not a criminal but bitcoin is an electronic currency, it can be said to be the initial bitcoin of a criminal, such as account theft, theft of money and so on, so bitcoin can be said to trigger a criminal form In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
Bitcoin has been very dark. After all, Bitcoin is anonymous. You use Bitcoin to trade just like cash, and there are no real-name records such as online banking, Alipay, and WeChat.
Based on its decentralized and anonymous nature, Bitcoin is inherently a tool suitable for crimes - please note that I am not saying that the original intention of the person who invented Bitcoin is to use it to commit crimes, nor is it to say that all its users are It is crime. Based on the limited number of features and the above-mentioned anonymity and decentralization characteristics, I prefer that the original intention of the inventors is to design a drum flowering scam that can maximize their own security (or any profit). It was not intended to be used for illegal purposes such as money laundering in the first place.
This is one prejudice that follows bitcoin from the begininig. But bitcoin isn't criminal tool although could be used for criminal and illegal activities, like any other currency btw. Maybe is just more convenient than fiat currencies because it's still harder to track bitcoin transactions.
Every individual should take responsibility for its own actions, including those with criminal character, and the blame for something like that shouldn't be put on the whole instrument, like bitcoin could be.
Every individual should take responsibility for its own actions, including those with criminal character, and the blame for something like that shouldn't be put on the whole instrument, like bitcoin could be.
Bitcoin is not a criminal tool. It is a digital currency. If you want not to be scammed, think before you click as simple as that. We can't blame bitcoin in that situation. You are responsible in performing transactions, so be careful .
bitcoin is criminal tool because criminal transfers large amount of money through bitcoin. there was no any investigation if money.
yes it can be a tool for illegal transactions, actually anything of value can be a tool for schemes and all kinds of illegitimate activities, it depends on the persons transacting that tool, even cash is an obvious tool for such acts, that is why i think regulating bitcoin transactions is needed, if it is regulated, backed by laws or legalities, we can lessen this kind of awful schemes. since bitcoin is just a tool with so much potentialities, almost everything can be done just like on cash or fiats. again, it is based on human intervention. bitcoin can good or bad, depending on the user.
I agree with you, all Depending on one hand, as well as real money, many are often used for crime, but many people are turning on that person, why this is the opposite instead most people who think bitcoin is the illegal transaction penyebatnya or for use as illegal materials. but we know each person is different there is a positive nature there is also a negative ..
Bitcoin naturally comes with concealed aura, which is easy for criminals to launder money, so don't wash this place. It is a dark property. It is not necessary to not admit it.
But there are more dark attributes, LEGO toys also have dark attributes, why do you still use bitcoin? Because Bitcoin is convenient!
But there are more dark attributes, LEGO toys also have dark attributes, why do you still use bitcoin? Because Bitcoin is convenient!
I don't mean to disable Bitcoin either. I just wanted to say: "Bitcoin is a criminal tool." This is not a nonsense but a fact we have to face. Whether it is a technology developer or a policy maker, it is necessary to recognize this matter instead of holding high the "innocence of tools" as a shield.
yes it can be a tool for illegal transactions, actually anything of value can be a tool for schemes and all kinds of illegitimate activities, it depends on the persons transacting that tool, even cash is an obvious tool for such acts, that is why i think regulating bitcoin transactions is needed, if it is regulated, backed by laws or legalities, we can lessen this kind of awful schemes. since bitcoin is just a tool with so much potentialities, almost everything can be done just like on cash or fiats. again, it is based on human intervention. bitcoin can good or bad, depending on the user.
In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
It all depends upon the holder itself. Just like other things. The purpose of the bitcoin not for criminals, their goal to be the welfare of the people. If there is a plurality of persons who abuse the bitcoin bitcoin, not bitcoin to blame. But the people who hold the bitcoin. In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
Bitcoin has a variety of uses, most notable being the fact that its used as a means of paying for goods and services, you cannot limit the people who uses it for whatever reason so if criminals are using it, there is little that can be done about it,But BTC is not a criminal tool
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