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Topic: Is bitcoin a criminal tool? - page 6. (Read 721 times)

newbie
Activity: 117
Merit: 0
March 19, 2018, 06:04:50 AM
#57
Bitcoin is not a tool for criminals, why don't you ask the same question for dollar or euro or any FIAT. FIAT money is tools for criminals and cryptos are tools for preventing criminals from robbing us.
newbie
Activity: 238
Merit: 0
March 19, 2018, 05:59:49 AM
#56
Everyone has a purpose. Some use good faith. He struggles to make money.

Some are malevolent. Money is missed. Cheat people up.

People are like that.
sr. member
Activity: 357
Merit: 250
March 19, 2018, 05:57:04 AM
#55
It is certainly not a criminal tool .
It's just a digital decentralised crypto currency

Though it is used by some past criminal events like silkroad sites as a mode or payment because of its anonymous nature but that does not make it a criminal tool .
Every currency has been used as a mode to fund criminal activities, not just bitcoins in their respective regions.
newbie
Activity: 16
Merit: 0
March 18, 2018, 04:15:51 PM
#54
No, the dollar is a criminal tools used by corrupt governments.  As a wise man once said “Rebellion to tyrants is obedience to God.”
full member
Activity: 416
Merit: 104
March 18, 2018, 04:13:11 PM
#53
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.

First, bitcoin paid the most in darknet. But now he is not so good for these purposes. I think that anonymous cryptocurrencies are used as a payment for all sorts of criminal things, not bitcoin.
full member
Activity: 196
Merit: 100
March 18, 2018, 03:53:42 PM
#52
In addition to criminal activities, bitcoin is also used for tax evasion as it ensures absolute anonymity.
newbie
Activity: 31
Merit: 0
March 18, 2018, 03:41:43 PM
#51
People are stupid, that's their biggest weapon. No matter if they use Bitcoin, knife, gun or a rocket launcher.
It has always been like that and it will be in the future.
hero member
Activity: 2170
Merit: 528
March 18, 2018, 03:22:01 PM
#50
This is a sticky argument. Bitcoin is a tool being used by criminals to perform their stuff. Not 100% true, but it is for some scenarios. We can't do anything if people decides to pay with bitcoin. The same people may use other money, like dollars or pounds. That makes them criminal tools?

Everything can be used for a criminal action. Even such harmless things like a pen can be used to stab someone in the eye! Bitcoin wasn't made for criminals but so wasn't the internet and it's being used to hack and steal data as we speak. Should we really care that while all people are using cars to drive around some other guy filled his car with explosives and blew it up? World isn't perfect!
newbie
Activity: 182
Merit: 0
March 18, 2018, 03:14:55 PM
#49
This is a sticky argument. Bitcoin is a tool being used by criminals to perform their stuff. Not 100% true, but it is for some scenarios. We can't do anything if people decides to pay with bitcoin. The same people may use other money, like dollars or pounds. That makes them criminal tools?
full member
Activity: 462
Merit: 101
BitcoinSN - The Real Bitcoin!!!
March 18, 2018, 02:57:19 PM
#48
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 being anonymous has created a good criminal tool for the criminals so that they could easily cheat and fraud the innocent people with their Ponzi schemes and other criminal activities. Crimes like Drug Dealing, Buying the arms and ammunition and Money laundering is been made a successful business with the help of the Bitcoin and other crypto coins. Just fearing what will happen when terrorists are going to make use of this activities with the help of the bitcoin.
sr. member
Activity: 1274
Merit: 293
March 18, 2018, 12:39:16 PM
#47
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 think bitcoin is not a considerable a criminal tool because as you can see it can help many people in making some money and profit also an income to use it by some people in many things and many ways
.
member
Activity: 280
Merit: 10
★Bitvest.io★ Play Plinko or Invest!
March 18, 2018, 12:28:29 PM
#46
If users use this in bad reasons then its possible but proclaiming that bitcoin is a criminal tool is a bit overwhelming since we dont know if its true or not. We need proof or evidence if that situation truly exists. With that we dont need to panic because as long as good users is more than the selfish ones then its next to impossible that bitcoin is a criminal tool.

Yes, I will agree with your conclusion,  it depends upon the user of the bitcoin if He or She has a bad or good intentions of this cryptocurrencies. I think bitcoin is design for good reasons,  but we can not also control those people who has a bad influences like terrorist,  the criminals, drug syndicates and etc.They like to use bitcoin as payment to their transaction, because they can not easily monitored by our law inforcement agency.because bitcoin is decentralized.
sr. member
Activity: 826
Merit: 263
March 18, 2018, 12:22:58 PM
#45
If bitcoin is a criminal tool than so is any other currency like dollar a criminal tool. Also dollar is used by terrorists and criminals for laundering money, does that make it also a criminal tool? Calling bitcoin a criminal tool is just to create bad press for bitcoin by the banksters as bitcoin threatens their monopoly over money.

Perfect hit back bro. I see many shit people keep on says bitcoin is illegal world tool to buy the drugs and other things. I knew that Dollar has been widely used to hide their black money on Swiss banks and elsewhere.
There are many people still having their fund dollar with their hidden undergrounds, their country's taxation department missed to get that and just blaming bitcoin is doing criminal work. 
I believe banks are fraud then bitcoin. May be much better than any money and transaction medium.
newbie
Activity: 45
Merit: 0
March 18, 2018, 12:09:35 PM
#44
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.

No bitcoin is not a criminal tool as most of the people using it are common people. It is actually one of the best things mankind has ever seen and is very promising.
sr. member
Activity: 676
Merit: 319
March 18, 2018, 12:07:03 PM
#43
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.

Monero is already more of a criminal tool. Bitcoin has already become less anonymous in this matter
sr. member
Activity: 490
Merit: 255
March 18, 2018, 12:03:47 PM
#42
If bitcoin is a criminal tool than so is any other currency like dollar a criminal tool. Also dollar is used by terrorists and criminals for laundering money, does that make it also a criminal tool? Calling bitcoin a criminal tool is just to create bad press for bitcoin by the banksters as bitcoin threatens their monopoly over money.
full member
Activity: 322
Merit: 101
March 18, 2018, 12:00:06 PM
#41
People are criminal tools.
People uses a magnificent invention for their dirty jobs, just because of its safety.
full member
Activity: 257
Merit: 101
March 18, 2018, 11:55:50 AM
#40
Maybe those criminals use this bitcoin to buy alot of cocaine, weeds, and marijuana to sell it to other peoples. They have possiblity to become rich or a millionare someday but they are not really careless on ehat they doing everyday or every night. Actually they will do it when the sun comes down it will be starting to earn some bitcoin and money to buy anything that they wanted...
newbie
Activity: 2
Merit: 0
March 18, 2018, 11:42:41 AM
#39
Just because some people are using it for illegal activities, you cannot blame bitcoins. What about the other benefits associated with bitcoins like the huge returns it has given in past.
jr. member
Activity: 246
Merit: 2
March 18, 2018, 11:35:52 AM
#38
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's the person who holds/uses Bitcoin make him a criminal, it depends on how you use it. We all have the decisions if we'll going to use it on bad things, or to use it for good. Proper usage and handlinh of bitcoin is what we need to stay in good track.
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