Only a Crime Tool | Bitcointalksearch.org

trickyriky

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Activity: 882

Merit: 251

Quote from: crwth on August 05, 2019, 10:28:49 PM

Basically, you are just describing how evil can be, and it's already a given fact knowing that it's always like that, we are the monsters in our nightmares, and we all have to know what to do with it. I remember a story where there are two wolves, a good and a bad one. So who is the stronger one? The one you feed. That's the most straightforward analogy and quite a simple story, a lot of people must have known this already.

If criminals know how to use Bitocin they will use it. However, it will not affect the growth of criminal activity. They do their stuff with fiat with the same success. The worse thing is that with the appearance of crypto, thousands of people were already deceived by scammers - they bought fake Bitcoin. Additionally, crypto crimes with BTC have need activated.

zeingrind777

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I agree with you, the crime always uses what is around them, including Bitcoin. The criminals use bitcoin because this cryptocurrency is anonymous. It's easy to do illegal activities with bitcoin.

javadsalehi

member

Activity: 364

Merit: 13

Medias are usually in control of governments and governments try to control people and what they do. As cryptocurrencies cannot be controlled and people who use them can not traced, what is going on is completely normal. Unfortunately, there are still many people believe everything said by governments and medias.

crwth

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Quote from: trickyriky on August 08, 2019, 02:27:11 PM

If criminals know how to use Bitocin they will use it. However, it will not affect the growth of criminal activity. They do their stuff with fiat with the same success. The worse thing is that with the appearance of crypto, thousands of people were already deceived by scammers - they bought fake Bitcoin. Additionally, crypto crimes with BTC have need activated.

Hmm. I'm just curious about how they transact. There must be an escrow for them because we all know that bitcoins transactions are irreversible and cannot be retracted anymore when sent. Maybe they have created some release or something with the BTC.

That's the wrong side of people, using the image of BTC to deceive. That's why it's impossible that everyone is going to use it.

Youghoor

sr. member

Activity: 1036

Merit: 275

Only people with shallow mind will see Bitcoin as a criminal tool for money laundering and other criminal activities. Its high time people spend good quality of time to read and study the whitepaper of Bitcoin to help them truly understand the purpose and reason behind the development of it...

Finestream

hero member

Activity: 3052

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Quote from: ghost424 on August 08, 2019, 07:16:49 AM

Quote from: pandowoe on July 25, 2019, 08:18:31 PM

The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

Bitcoin started as an Digital Asset and was only meant to be used for payments. Intellectual Users always have something on their sleeves to gain advantage over others. They may started to use it as funds to transfer dirty money but it doesnt mean that we should start to think bad of Bitcoin. There will be always some users that will use Bitcoin incorrectly but we should set them as an example NOT to follow.

Bitcoin has really good intentions for all the people who uses it but when foolish people start taking an advantage through the use of bitcoin,crimes start taking place.It's the foolish people themselves who should be blamed about the negativity news being spread about bitcoin and not bitcoin itself.

ghost424

full member

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Quote from: pandowoe on July 25, 2019, 08:18:31 PM

The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

Bitcoin started as an Digital Asset and was only meant to be used for payments. Intellectual Users always have something on their sleeves to gain advantage over others. They may started to use it as funds to transfer dirty money but it doesnt mean that we should start to think bad of Bitcoin. There will be always some users that will use Bitcoin incorrectly but we should set them as an example NOT to follow.

diahsw

full member

Activity: 756

Merit: 105

Quote from: pandowoe on July 25, 2019, 08:18:31 PM

The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

that's a very good idea. There are some people who deliberately use bitcoin as a tool of crime, but what actually creates a negative image of bitcoin is not bitcoin but it is a person who makes bitcoin a tool of crime.
The use of bitcoin is not controlled by the government or an authorized financial institution. As a result, these conditions open up great opportunities for committing criminal acts such as money laundering and tax avoidance.
The lack of government control also makes bitcoin seem worthless. In addition, some financial observers consider bitcoin to be an illegal currency because it is not encouraged by law that is legal.

RealMalatesta

legendary

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Merit: 1124

When there is a new system, there is always tendency of people to bring its weakness out and without bringing that weakness out, it would be impossible for it to be strengthened, there are many other areas where people commit fraudulent practices, and bitcoin is even the least of them, but sooner than later, it would get to a point also where the crime rate in crypto will be reduced to almost minimal,

Crypto crime is easier to control than even other system, even the Fiat money is still getting very difficult to control the crime rate through it but with blockchain technology and regulation, cryptocurrency can still be very control to have little or no scam in the system, but until we have regulation, there might be noting much that can be done.

Lawrenzoo

jr. member

Activity: 378

Merit: 2

Quote from: shield132 on August 06, 2019, 06:45:11 PM

OP how you and most of the people look bitcoin is very wrong. To start from the begining, problem are we, humans because we do illegal things. Next problem is money, fiat money, it's used in our everyday life and even bitcoin is calculated in USD value. Next problem is technology, let's blame technology before bitcoin. Without internet, computer and etc you wouldn't be able to use bitcoin so why not to consider technology as a tool of crime? I think with that logic that's the main reason and problem.
Then what about banks? Just see Deutsche bank and others, they were involved in money laundering and in other things. Also when does bitcoin comes finally? On exchanges, so let's blame exchanges because they give us possibility to exchange bitcoin into usd and other currencies.
So to sum up, that logic is "out of logic".
Everything has it's pros and cons and everything can be abused or misused, bitcoin isn't a problem.

Hi, sometimes when we responds to post like this, we have to ensure that we do not only reply to the topic, but we have to look deep into the content too, the topic might be misleading, but the content will bring out the true picture of the intention of writer,. the op was never against bitcoin, and he said very similar thing to what you said also.

michellee

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Although bitcoin can be used for an illegal thing, we should not use bitcoin for that because we can use bitcoin for a good thing. We don't want to break the law by using bitcoin for an illegal, so we need to prevent or avoid that so we don't have to worry with anything. Besides that, by using bitcoin as a good thing, we can get the benefits that will help our lives too, and we can make money with bitcoin, and we can help bitcoin to be spread in many places.

setialovers

member

Activity: 812

Merit: 11

Quote from: pandowoe on July 25, 2019, 08:18:31 PM

The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

I agree, everything depends on the holder. If we use bitcoin for criminal activities like money laundering, it is not the fault of bitcoin but it is our own fault. Marijuana can be used for medical purposes but can also be used for negative things. All depends on its use

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: ?? on ??

There are different transaction going on with cryptocurrency, good and bad but we all focused on the good part of it as an asset. We can't neglect the fact bitcoin has been used as crime tool for payment. No currency that hasn't been used as such before, so its not the first or will it be the last. So we all accept the fact

What is a bad transaction for you can be a good one for someone else. In a country where gambling is illegal such transactions are bad but in other regions they are good. You can't know for sure which transaction is good and which is bad. For a drug addict buying drugs is a good transactions and for the police it is bad. We shouldn't judge!

shield132

hero member

Activity: 2352

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OP how you and most of the people look bitcoin is very wrong. To start from the begining, problem are we, humans because we do illegal things. Next problem is money, fiat money, it's used in our everyday life and even bitcoin is calculated in USD value. Next problem is technology, let's blame technology before bitcoin. Without internet, computer and etc you wouldn't be able to use bitcoin so why not to consider technology as a tool of crime? I think with that logic that's the main reason and problem.
Then what about banks? Just see Deutsche bank and others, they were involved in money laundering and in other things. Also when does bitcoin comes finally? On exchanges, so let's blame exchanges because they give us possibility to exchange bitcoin into usd and other currencies.
So to sum up, that logic is "out of logic".
Everything has it's pros and cons and everything can be abused or misused, bitcoin isn't a problem.

barlo357

full member

Activity: 574

Merit: 100

Quote from: mk4 on July 25, 2019, 10:30:08 PM

Pretty much. The thing though is, the media is most likely just simply incentivized to release such news, because I assume these types of news gets the most clicks; along with those "bitcoin is dead" or "bitcoin price crashes" articles. The masses will simply not be that interested when the articles are going to be about bitcoin's fundamentals.

I find them cherry picking when it comes to this. I was on a different place before and I heard people talking about bitcoin and they don't want to get involve in this because they say there are a lot of news about bitcoin price crashes and it has stability issues. They don't know that the volatility helps a lot in earning profit. But there are rare news about good things in bitcoin when it comes to mainstream media.

ccryptopark

jr. member

Activity: 300

Merit: 5

I think with proper technology we can avoid crimes before they happen. Bitcoin is a public ledger and we have blockchain forensics companies like Ciphertrace that are developing incredible technology to monitor money laundering scams.

There are going to be bad actors in every situation but with advanced technology and machine learning, I think we could dramatically alter the amount of scams that are currently occurring. From there we can figure out consequences

seoincorporation

legendary

Activity: 3346

Merit: 3125

Bitcoin is a tool used for crime, but not only for all, but bitcoin has also already been used to support and make donations to people who really need it. It could be used for good or bad, but sadly all media like more the bad news than the good news, and fake media doesn't help at all, so, it's hard for bitcoin to grow in a hostile ambient like this.

kaya11

full member

Activity: 1344

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It is a hot topic as of now, but later on after sometimes passed it would be forgotten again, so people would still go back to where it is. Bitcoin or fiat, both can be used as a criminal tool, so why the hell brought up the issue of Bitcoin being worst than any other types of currencies. That is how the media works, giving the information as if Bitcoin is never a good help in the financial business, but hey, there are also people that believes in it and it's capabilities so again why the hell bother bringing this up.

vladimirhf

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Activity: 590

Merit: 39

Quote from: Kakmakr on July 26, 2019, 12:57:18 AM

100% Correct. We have seen how one of the biggest Ponzi schemes started to use Bitcoin as a payment option and how that gave Bitcoin a bad name. Previously all kinds of payment options were used to fund these Ponzi schemes and the media did not blame the Banks or the credit card companies for this, but now that Bitcoin is used for the payment method, it is labeled as the culprit. Shocked

Bitcoin is a currency and economic crimes needs a currency to commit their crimes, so they use Bitcoin as a tool to commit these crimes. Is Bitcoin a better tool for these crimes.... well that is open for debate. Wink

Bitcoin ponzi schemes are being advertised on tv in Brazil. The government is totally incompetent in oversight. They only investigate later, when people have already lost money.

maydna

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Bitcoin is a tool for us, and it depends on how we use it in our life. We see that bitcoin can be used for a good thing like, for example, we can use bitcoin as the investment, for making transaction and the others. But bitcoin can also be used for a bad thing like for example to buy the illegal thing in the dark market. We don't know what bitcoin will be used for, but I am sure that there are many people who will use bitcoin for a good thing and they will prevent from doing bad things.

Topic: Only a Crime Tool (Read 1051 times)