Topic: Is bitcoin used by criminals ? - page 24. (Read 5073 times)
By presumption decentralization is good, anonymity as well, but people are bad. I am asking myself more often recently do we need it. Mostly shady people are using those features and regular Joe is not giving a shit about it.
Roads, trains, cars, planes, bridges, cash, credit cards ect ect are all also used by criminals. Should we shut them down too?
The whole argument that because BTC is used by some of the illegal elements in society, and as such it serves no purpose are ridiculous imo.
The whole argument that because BTC is used by some of the illegal elements in society, and as such it serves no purpose are ridiculous imo.
Maybe bitcoin will be used my those criminals, becouse bitcoin is a digital money. But I don't think how they used it in crimes. The bitcoin connot stop those criminals. Bitcoin is easy to use because it is decentralized. It is possible that criminals will also use bitcoin.
Something that can make money is usually there are many criminals no matter what kind it is and bitcoin is not different, since bitcoin is the new thing for the financial world they might use it. But that doesn't mean that bitcoins aids criminals. Bitcoin only a thing but people have a brain they know what is good and wrong.
This is possible due to bitcoin features.
I feel that if money and internet is being used by criminals, I see no reason why bitcoin won't be used by criminals. How much more that Bitcoin transaction is decentralized and can't be traced to a particular persons. It avails criminals more leverage to store up their wealth.
Probably most of the criminals are doing this as they say but i hope it will not happen that illegal activities can do here in crypto currency because criminals have no place here in crypto currency only for the poor people wanted to rich in bitcoin.
Here's a link for some insights.
https://www.luno.com/learn/en/article/is-bitcoin-used-by-criminals
This question has been asked for several times on this forum but remained to be an interesting topic for many simply because we are involved in the same system. Unfortunately, there are bad elements that are using the system for fraudulent activities. We must understand that the system is not the culprit, but the people behind these illegal movements.
https://www.luno.com/learn/en/article/is-bitcoin-used-by-criminals
This question has been asked for several times on this forum but remained to be an interesting topic for many simply because we are involved in the same system. Unfortunately, there are bad elements that are using the system for fraudulent activities. We must understand that the system is not the culprit, but the people behind these illegal movements.
there is no criminal word when people use bitcoin, only in countries that prohibit bitcoin from saying that. because now this bitcoin is a work and it does not violate the law as long as the user does not use for negative and disadvantage.
it will come down to how much.
bitcoin is a currency and like any other currencies like USD,... it is used for a wide variety of reasons by different types of people. if 90% of the usage were for illegal activities then talking about it was justified. but the usage of bitcoin for anything illegal is less than 5% and possibly now it is near 0% because of the fees.
at some point in the past it may have been different though. by the time bitcoin was new and people didn't know that bitcoin is not anonymous and also by the time the real anon coins like Monero were not around or popular. now everyone who wants to do something illegal and remain anonymous either uses USD cash or uses anon coins like Monero.
bitcoin is a currency and like any other currencies like USD,... it is used for a wide variety of reasons by different types of people. if 90% of the usage were for illegal activities then talking about it was justified. but the usage of bitcoin for anything illegal is less than 5% and possibly now it is near 0% because of the fees.
at some point in the past it may have been different though. by the time bitcoin was new and people didn't know that bitcoin is not anonymous and also by the time the real anon coins like Monero were not around or popular. now everyone who wants to do something illegal and remain anonymous either uses USD cash or uses anon coins like Monero.
Well, this could be the negative side of bitcoin, that it could be used for illegal purposes since its character is anonymity. This could indeed be capitalized by those whose motives are crooked. Let us just hope that this will not be the only consideration for bitcoin to be banned.
I think in nowadays criminals use more anonymous coins like dash, xmror zcash.
I already thought about this, that in fact, bitcoin and crypto currency were created, for weapons and money laundering, drugs, and propaganda
I think now criminals are more likely to use monero or zcash because they are more anonymous than bitcoin.
Criminals have used almost everywhere around the world.Just not Bitcoin. To say that the majority of the criminals are using the greater number. The most dangerous is that they are clearly using fiat. According to my knowledge, some terrorists are still using Bitcoin. Bitcoin authorities can not track them easily. But Bitcoin is not just using criminals.
yes i also got my first bitcoins while i whant to buy my first weed on the clearnet 
and i was sucessfull and since there iam also in touch with bitocin!
regards
and i was sucessfull and since there iam also in touch with bitocin!
regards
I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.
i have read and hear about bitcoin use for watching porn because there are lots of porn that is very rare and very illegal. they also use this bitcoin for buying drugs and weapons in some cases. and also read about bitcoin use to hire some people as hitman. this is the what my first impression to bitcoin.
Bitcoin is used by more people specially in the recent days were cryptocurrency function like fiat money as a medium of exchange and Bitcoin has all the fundamental fuction of a fiat money. Any ordinary criminal could used fiat money as well as bitcoin and altcoins for their illegal activities.
bitcoin is open crypto currency which can be using by every one on the Internet so if the criminal have access to this currency they will also used for this and with this the people can do only online transactions which can be processed through Internet so it is open to every one like the criminals are using other forms of money so they can also use this but according to my opinion i will say that bitcoin is using by the educated people and this is using for online buying and selling and the trading.
I strongly disagree with it, not a bitcoin if used as a criminal, all dependent users, physical money can also be used for crime
All people can be criminals. All the currency can be used in crimes. All the thing sharp can be used for crimes like axe or scissors this stuff can be used to kill a person, but it doesn't mean that these two things should be prohibited. These things have a good purpose that why some create it to make our life relaxed and comfortable. Bitcoin created by Satoshi because he thinks that bitcoin can help us in the future and HE doesn't create it because of the bad reasons. Bitcoin only a thing but people have a brain they know what is good and wrong.
I think that's quite true, because Bitcoin is so decentralized that it's not dominated and managed by the mainstream government, so criminals love to use Bitcoin in black trading.:_)
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