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.
Yes bitcoin can be usesd o extort people if that certain person will easily believe scammers that doesn't show proof of evidence asking bitcoin to you then anyone could be a victim specially in doing transactions without legitimacy.Anyone could be a victim and everyone must be wise and vigilant. 
Topic: is Bitcoin used to extort people? - page 8. (Read 1997 times)
meh, bitcoin have an anonymous system that can make people don't know who the person behind who giving an address and that using some unresponible people to getting advantage of it for their own profit
That is the highlight of btc that many people have liked about this point. In my opinion, we should be careful above all, because the BTC anonymously should attract many people to invest. They are free to hold the BTC because they do not have their identity revealed 
meh, bitcoin have an anonymous system that can make people don't know who the person behind who giving an address and that using some unresponible people to getting advantage of it for their own profit
Although bitcoin address has no name association, it doesn't mean that you are complete anonymous. They can still track everything on blockchain. If criminals is going to take advantage of crypto, bitcoin is not the best suitable coin to hide their money.
Yes, as cyber criminals do, with Bitcoin being a decentralized currency, one can make transactions without intermediaries such as banks or other financial institutions, this lack of intermediaries makes bitcoin users gain anonymity and uninterrupted level of confidentiality third-party hands. Bitcoin is often used by ransomware hackers, a type of malware or virus that takes windows based computer data, then they ask for ransom, which is sent via Bitcoin.
Its because bitcoin is now a household name. The price skyrocketed and criminals prefer it as a ransom or sort. Its been taken advantage of criminals that's why we witness how government dislikes its decentralize nature.
In my opinion, it depends on who does it, if you are making negative words, if we are good people, we will not do that .. However, bad guy, he could have done that ..
Extortionists accept bitcoins as ransom payment. I don’t have any idea on how bitcoin can be used to extort people.
Yes, as cyber criminals do, with Bitcoin being a decentralized currency, one can make transactions without intermediaries such as banks or other financial institutions, this lack of intermediaries makes bitcoin users gain anonymity and uninterrupted level of confidentiality third-party hands. Bitcoin is often used by ransomware hackers, a type of malware or virus that takes windows based computer data, then they ask for ransom, which is sent via Bitcoin.
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.
Just like cash, Bitcoin has gained flexibility in terms of its usage. Unfortunately, it has also become a tool to bribe or force people into doing something. Dark forces will always be around to seek for ways in order to enforce their objectives. And Bitcoin has become one of their weapons! meh, bitcoin have an anonymous system that can make people don't know who the person behind who giving an address and that using some unresponible people to getting advantage of it for their own profit
Yes. Because of the incognito mode, they have extorted money through the BTC, and now I do not think it can make BTC go out of incognito mode. They move from one person to another often. 
The fact that Bitcoin is used in illegal activities means nothing - fiat is used way more than BTC, yet no one makes a big deal out of it. We shouldn't stop the progress because some wicked people would benefit from it, if people were doing so, we would still live in stone age.
even when Bitcoin will be converted to conventional money through the Bank, its owner can be traced...hopefully, the governments can think of this, the positive side of Bitcoin and Blockchain.
Mixing makes transactions pretty hard to trace, so chain analysis is usually used only in big investigations. Also, there are some developments that can potentially add new privacy features to Bitcoin, meaning it will be nearly impossible to trace transactions. I think that honest people would benefit from it way more than criminals, so it's not a problem from moral point of view. The government might use is as an excuse to attack Bitcoin, but that's another topic.
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 what I really admire about Bitcoin, we can trace wherever Bitcoin is because all transactions are recorded in Blockchain.even when Bitcoin will be converted to conventional money through the Bank, its owner can be traced...hopefully, the governments can think of this, the positive side of Bitcoin and Blockchain.
Mixing makes transactions pretty hard to trace, so chain analysis is usually used only in big investigations. Also, there are some developments that can potentially add new privacy features to Bitcoin, meaning it will be nearly impossible to trace transactions. I think that honest people would benefit from it way more than criminals, so it's not a problem from moral point of view. The government might use is as an excuse to attack Bitcoin, but that's another topic.
They have an unknown currency, which they can use. Bitcoin will run as ransomware and will be easy to buy through coinbase and I think bitcoin is used to squeeze people. 
It is but so is any other currency. If people are able to use something in crime they will do it. It's not something new.
Bitcoin is using to extort and squeeze because it's money and criminals being the most innovative group right after startup investors are quick to learn about its possibilities.
We should learn to adapt to the circumstances instead of whining how this or that is bad.
meh, bitcoin have an anonymous system that can make people don't know who the person behind who giving an address and that using some unresponible people to getting advantage of it for their own profit
They have an unknown currency, which they can use. Bitcoin will run as ransomware and will be easy to buy through coinbase and I think bitcoin is used to squeeze people.
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 what I really admire about Bitcoin, we can trace wherever Bitcoin is because all transactions are recorded in Blockchain.even when Bitcoin will be converted to conventional money through the Bank, its owner can be traced...hopefully, the governments can think of this, the positive side of Bitcoin and Blockchain.
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.
Precisely because bitcoin is semi-anonymous, it is relatively rarely used by criminals. By tracking transactions, you can easily go to the exchange where criminals can leave their data, or simply calculate their IP addresses. I read recently that such a probability now exists and while they are considering options, how can this be removed.
I would agree with that. So many cases where people have demanded money in bitcoin to extort others
Well, I would certainly not say, bitcoin is a good and convenient coin, which is used by a lot of people, where it is of course allowed, as well as I remember the opinion of a good coin.
Tracking bitcoins is not as easy as you might think, plus any person's identity will remain secure
Tracking Bitcoin transactions is the most easy thing to do, and everyone can do it. The far majority of the people enter the market through centralized exchanges where they have verified themselves at. In other words, people's identities in most cases are not 'secure' or private at all. If the exchange hands over its data to the authorities in case they ask for it, you'll be busted for sure. Coinbase's case was an example of how the authorities are trying to give a clear warning to everyone using exchanges. It's impossible to avoid the authorities in these cases. Bitcoin's anonymity only exists in people's minds due to how the mainstream media keeps brainwashing newbies.
Tracking bitcoins is not as easy as you might think, plus any person's identity will remain secure, so growth in returns is also an additional incentive. With cash people can give you counterfeit money but with bitcoin you can not do it. However, there are very few such cases reported.
There are people who use Bitcoin for good purposes, and there are people who use it for malicious purposes.
If a person has bad intentions, he will misuse everything.
There are people laundering money using bitcoin. Crypto money transfers can not be tracked. That's why governments are against it.
I find it very important in terms of technology and future crypto money.
If a person has bad intentions, he will misuse everything.
There are people laundering money using bitcoin. Crypto money transfers can not be tracked. That's why governments are against it.
I find it very important in terms of technology and future crypto money.
Anything that has value and can be used for financial gains will definitely attract criminals. This is why we see several financial crimes today and bitcoin and other cryptocurrencies are not exempted. To a very large extent, bitcoin transactions can be traced and if the culprits decide to route their withdrawal through an exchange, they can be nailed because the exchanges require KYC to sign on users.
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