If a criminal uses BTC as payment method he is clearly stupid and does not know the privacy limitations of Bitcoin. There will always be criminals, and they will always find creative ways to pay for their operations.
The crypto space have developed a few privacy coins which will assist the criminals but it is important to realise that privacy is not equal to illegal. Even if you have nothing to hide I'm sure that you do not want everybody to have access to your account.
Image that your neighbor can access your BTC account if they have your public key.
Privacy is a right, what you do with it is dependent on the motives of the individual. Obviously the best, and most private currency is cash.
Just my thoughts
Topic: Is bitcoin used by criminals ? - page 36. (Read 5073 times)
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 don't have any news or hear any news that criminals are now using bitcoin but if they are knowledgeable to it they can use it to
With many good things came with BTC and Blockchain, the features which can be used negatively are its "Immutability" & "Decentralized nature".
Some people are using this in illegal activities as it is not traceable, but this is how it is. "Wanna cry ransomware" is one of the example of how it can be used to rob people.
Some people are using this in illegal activities as it is not traceable, but this is how it is. "Wanna cry ransomware" is one of the example of how it can be used to rob people.
The majority of Bitcoin users are law-abiding people who are motivated by privacy issues or just want to cultivate curiosity. But Bitcoin anonymity is also a powerful tool to help crime: virtual money can keep transactions secrets that are temporary. In fact, in fact the paradox of cryptocurrency makes all the related data create a sudden forensic trace that can make all your financial information into public information that can be accessed by anyone.
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.
Bitcoin is more secured and by that time.if people used it wisely thats the better thing to do. SOME people doing bad for the sake money like they used bitcoin in illegal way . Dont do negativity in bitcoin since it helps you a lot in every aspects just waot until you get the higher value.
When it is said that bitcoin can be used for some terrorist purposes and everything else, it is ridiculous. Bitcoin is probably the most recent tool that would be used if it was necessary to Finance an illegal event. The current global financial system is essentially a pyramid scheme based on the United States dollar. The whole world understands this, and many are looking for an alternative settlement system and a way out of this financial pyramid. There will always be attempts to crush bitcoin. But I am sure that we will still move on to a decentralized financial system. It will be built on bitcoin or some other cryptocurrency, but it will definitely happen
Unsecured wallets pave a way for scammers to get your bitcoins if you are not wise. And i believe criminals, hackers and scammers use bitcoin to lure their victims into ponzi schemes etc.
Criminals will always be criminals, they always used any kind of payment to transact their needs. They always have ways, whether they used bitcoin or not bitcoin should not be blame on this instead the one to be blame is the government because it is their job to stop this terrorist. Whether there is bitcoin or not criminals will always be there and will always have ways. They can use gold, paper money or everything that has value.
Some criminals use bitcoin because users can open a wallet to send and receive bitcoin without giving a name or identity. There is no bank or central authority, like a government, to control this information. Bitcoin also became a popular method for making payments when a computer system is taken over by ransomware. Researchers have also linked a quarter of bitcoin users with crime, such as hacks, money laundering and the trading of drugs and illegal pornography. Worryingly for investors, they believe that the sheer popularity of the cryptocurrency amongst criminals is a major contributor to its value. However, they also believe that bitcoin could become less useful and less valuable if criminals turn away from it.
It is very possible, we all know that users and transactions of bitcoin are anonymous so that everyone including the krmininal make bitcoin for transactions compared to fiat or transfer banks.
Bitcoin owners can spend it on the plan but remember that bitcoin is never introduced for use in a negative way or fund terrorists.
Yes it is for sure and why wouldnt it be. They always want to trade in drugs and illegal weapons without the sole concern of authority.
I read many articles they told, maybe it's true. Bitcoin are more secure and easy to payment. It's virtual money so they can use it for bad things but people are using bitcoin for good purpose now a day and government can't do any thing with bitcoin. People have faith on it . Most good side is it's easy for donations.people use it for invest and business so it's not for crime.
I think that this is true, unfortunately.
Article from yesterday at "The New York Times":
Bitcoin Thieves Threaten Real Violence for Virtual Currencies:
https://www.nytimes.com/2018/02/18/technology/virtual-currency-extortion.html
yes most of the cases criminals use bitcoin but criminals are caught by law enforcement authority through chain analysis software
Criminals can do anything to achieve what they want, they can use a variety of ways and means, they can use the internet and many eyes as a means of payment, if someone uses bitcoin, it is their best choice that they think will not be traced.
And that's just a small part of the negative mindset about bitcoin, there are still many positive and fun things to do with bitcoin.
And that's just a small part of the negative mindset about bitcoin, there are still many positive and fun things to do with bitcoin.
Is bitcoin used by criminals ?
There is no clear evidence of the use of Bitcoin by criminals and terrorists, and even if we find a few class is bad deal with Bitcoin because of the fact that the Bitcoin is not central and can not be followed by the government does not harm the Bitcoin absolutely no currency as there are those who use the good and there are those who use the evil but The media are interested in showing the bad side of anything useful in society so that people alienate it, but if we look at its positive side will find it the future currency and a symbol of technology and progress.
There is no clear evidence of the use of Bitcoin by criminals and terrorists, and even if we find a few class is bad deal with Bitcoin because of the fact that the Bitcoin is not central and can not be followed by the government does not harm the Bitcoin absolutely no currency as there are those who use the good and there are those who use the evil but The media are interested in showing the bad side of anything useful in society so that people alienate it, but if we look at its positive side will find it the future currency and a symbol of technology and progress.
Criminals can use whatever they want to use. You can not say that if we use the same as criminals do then we encourage them. Not true
Criminals and terrorists will use whatever they can have access to. For example they already are using dollars or euro. This doesn't make the currencies bad
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