Topic: is Bitcoin used to extort people? - page 5. (Read 1997 times)
In the new era of technology people were misusing Bitcoin to claim ransoms from people with crypto coins as a pay off since Bitcoin is a decentralized network and there is no identity of the users is collected and the anonymity of the cryptocurrency it is used in ransomware attacks . I don't think that only Bitcoin can be used for criminal activities only criminal activities have been operated with fiat currencies too we have seen several medias spreading news that using Cryptocurrencies are not good .
For me the use of dark bitcoin will continue but not increase significantly. there are many coins that focus on the privacy they can use. Some instrumental time in the hands of thieves who always manipulate the system to be able to support them have a bad purpose like personal criminals, even on bitcoin technology is very difficult for everyone to be able to manipulate it because it's high security software that always makes it almost impossible to be manipulated and if anything happens then most come through the account holder later on. 
We live in such a world that it is cruel. People are killing each other for money.Good things are always badly used in the name of humanity
Bitcoin is preferred by thieves for the convenience of transactions, and in fact thieves should be easily researched, because bitkoyn has a decentralized character that makes it visible to everyone and can not manipulate with anyone.
Such people will destroy the reputation of Bitcoin.
Blockchain-based Bitcoin technology makes it easy for cybercriminals, with the operation of Bitcoin as a decentralized currency, people will easily make dark transactions, because this transaction has no intermediary.
No they will not destroy the reputation of bitcoin what will happen is that the media is going to try to use that to destroy the reputation of bitcoin which is not exactly the same but it does not matter if bitcoin can resist the assault of banks and governments a few bad articles are nothing. Blockchain-based Bitcoin technology makes it easy for cybercriminals, with the operation of Bitcoin as a decentralized currency, people will easily make dark transactions, because this transaction has no intermediary.
I think not, but it is the individual nature of the mechanism of extortion technique through crypto transactions. Why do so many people use the reason that bitcoin is often used for crime or negative transactions. in fact, the individual itself is the source of evil. When they start to blackmail we can not give them what they ask because if we do not guarantee when the money will come they will not do the same.
Yeah it's not the bitcoin or the cryptocurrency has the problem we as people are so brilliant to find ways how to take advantage on the loopholes in every technology. Even the fiat money had been exploited with those types of people.
bitcoin is a digital currency that allows users to transact in private or invisible, it is used criminals to transact with bitcoin in the form of crime.
there are some people who abused Bitcoin and can be normal back when those people want to do good with Bitcoin.
but Bitcoin transactions can be seen from Blockexplorer, and when entering local Exchange, just catch when there Bitcoin entered from the address for the blackmail.
but Bitcoin transactions can be seen from Blockexplorer, and when entering local Exchange, just catch when there Bitcoin entered from the address for the blackmail.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
Well, no, I would certainly not say, because it is not so, this cryptocurrency is really expensive, but still in its measures, so do not speak so sharply, because many people also use it and are looking for a plus.
It is undeniably that Bitcoin can also used for illegal activities because it is very hard to trace every transactions, but we should think about this first, there are lots of cryptocurrencies which offers untraceable transactions which can also catch the eye of criminals (like monero) and we have seen a lot of criminals gets caught by using Bitcoin doing bad things and this brings Bitcoin to the good side and those coins to a bad side.
You do have a point because if you really think of it, it is traceable for as long as they can track the blockchain. They would know how much and where the transaction was sent through, I mean to what bitcoin address it was withdrawn to.
There is a high possibility of bitcoin used to extort people, specially bad guys who ingage bitcoin, they are same like scammers, they want instant money.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
This is the major problem with anonymity. There was a kidnapping in South Africa recently and I heard the criminals demanded to be paid in Bitcoin before releasing the victim is released. I think if the trail can be traced on blockchain it will be a good way to nab miscreants.
If you are smart enough, it will never happen
To solve these, we need KYC and AML integration - and fyi, fiat, gold and everything that has value is being used for criminal activities since the day they were born - but you guys are only to blame bitcoin!
Bitcoin is certainly used to blackmail people just like any other currency. There will always be people who are malicious, All transactions on Bitcoin blockchain are public. So it is possible for these people to be tracked if they transfer their coins to an exchange that requires personal information.
No, bitcoin not use to extort people because they are not a illegal business in field of in this industry
because they are very well known business in different country and at the same time useful to the investors to gain a huge amount of income.
because they are very well known business in different country and at the same time useful to the investors to gain a huge amount of income.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
is Bitcoin used to blackmail people? No
now bitcoin gives me the greatest advantage I expect, and huge profits can be made for future savings, because what is promised is all there is, as the greatest guidance I now get from bitcoin, bitcoin is undoubtedly, when compared with others, but according to what I think is not the only Indonesian who believes bitcoin, many outsiders believe that bitcoin promises great benefits, even by hearing bitcoin japan being used as a medium of exchange.
yes indeed sometimes there are people who abuse bitcoin as a negative thing when this event is very damaging the development of bitcoin in the future, so hopefully the bitcoin future can grow again and the hackers can be destroyed by the government.
Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
You talk alot of hearsay but you didnt even bother to put atleast links about whats your sentiments here,how did school and hospitals been victimized?and by whom,those hackers?in what point ,dare to share some proof?Youre crying like a cow here but what issues you putted wasn't even exist.i dont buy this topic unless he will provide some supporting links here
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