Of course critics of Bitcoin always like to use news like this, just to 'prove' their point that Bitcoin is mostly used by criminals.
In reality, I'm sure that the absolute majority of criminal transactions are still done with either cash or through bank accounts even (by mules).
Heck, the other day I even saw a website that allowed you to buy various drugs and pay with a SEPA transfer. (on the clearnet mind you)
I do think that once Bitcoin or crypto in general is used by more and more people, news like this won't even matter that much anymore.
Then people might actually start seeing it as a form of digital cash, while also knowing that sometimes technology is used by bad people. It doesn't mean that the technology itself is bad.
Topic: South Africa Kidnappers demands Ransom in Bitcoin to free teenager - page 3. (Read 433 times)
May 24, 2018, 05:00:50 AM
May 24, 2018, 04:54:14 AM
Because of the anonymity of bitcoin, it has been able to collect money efficiently, and some illegal activities like to use bitcoin payment. This is part of the encryption world. We need not be surprised. This is not that bitcoin is a bad technology. We should know that people use the US dollar illegally every day in the world.
May 24, 2018, 04:43:40 AM
A criminal gang in South Africa who kidnapped a teenage boy on Sunday are demanding a ransom in bitcoin crytocurrency of nearly $120,000, police said.
http://www.africanews.com/2018/05/23/south-africa-kidnappers-demand-ransom-in-bitcoin-to-free-teenager
How will such news affect critics view of bitcoins?
This is not the first time we have read about this kind of happening online. Sometime last year it was about a Spanish who was also held to ransom and bitcoin demanded. This is a dangerous development and it will continue to give bitcoin a bad name. http://www.africanews.com/2018/05/23/south-africa-kidnappers-demand-ransom-in-bitcoin-to-free-teenager
How will such news affect critics view of bitcoins?
May 24, 2018, 04:38:05 AM
How many of you'll thought that is another attempt to bring down the use of bitcoins. Look how the mainstream media is sharing this news, it's as if bitcoins is a person and that's is guilty. People ransom used to and even till date happens in fiat, what is the guarantee that this is a real kidnapping and not just a ploy by the bankers, media and government to bring Ill reputation to bitcoins.
May 24, 2018, 04:32:54 AM
This is the dark side of bitcoin. You are the only holder of your money.
You can't hide under bank's privacy.
So talk with caution and choose wiselynthe people you talk to.
You can't hide under bank's privacy.
So talk with caution and choose wiselynthe people you talk to.
I wonder why these terrorist groups do not require other anonymous tokens.
Because bitcoin transfers can be traced back, anonymous token transfers cannot be found.
Yeah, they have a plan.Because bitcoin transfers can be traced back, anonymous token transfers cannot be found.
Get bitcoin then exchange with another token. So they will be safe. and then, they are will sell all tokens again.
It might worsen their subjective opinion of bitcoin, but it won't greatly affect us because bitcoin being used for criminal activities(sometimes) is already a well known fact.
This could be a new way for the terrorist groups to obtain ransom fee without getting compromised with their identity.
You might want to read this articles from bitcoin.com, express.co.uk, and coindesk to enlighten yourself. My point here is that it is already being used by terrorist groups to fund their terrorism way back January 2018, and it is not a new way for them because they have used it already.These topic makes negative views in Bitcoin but for us holders and investors we knew the inside it is good and very respectful Bitcoin is we set aside those bad people bullying bitcoin we ignored them.
Making the adoption of bitcoin even more difficult,especiaally with goverment.Criminals,terrorists,kidnappers,moneylaunders,have found a safe haven with the use of bitcoin..Its just a matter of time b4 strict regulatory policies are introduced..
Please do not listen to social media when you are talking about cryptocurrencies . We know all that all crypto world is manipulated by social media "China bans ICOs/mining ; Japan bans Bitcoin" . And in the second way Africa is the last country in the world.
looks like a new movie is about to be made
It might worsen their subjective opinion of bitcoin, but it won't greatly affect us because bitcoin being used for criminal activities(sometimes) is already a well known fact.
This could be a new way for the terrorist groups to obtain ransom fee without getting compromised with their identity.
You might want to read this articles from bitcoin.com, express.co.uk, and coindesk to enlighten yourself. My point here is that it is already being used by terrorist(like ISIS) to fund their terrorism way back January 2018, and it is not a new way for them because they already have used bitcoin to ask for ransom according to another article.
I wonder why these terrorist groups do not require other anonymous tokens.
Because bitcoin transfers can be traced back, anonymous token transfers cannot be found.
Because bitcoin transfers can be traced back, anonymous token transfers cannot be found.
This could be a new way for the terrorist groups to obtain ransom fee without getting compromised with their identity. Well they are using bitcoin for there illegal activities and this is not a good thing about posting it here in the forum. This will lead to more negativeness on bitcoin system. As we all know that bitcoin is being designed for any decentralized transactions that will not required identity in getting involve with it to keep oneself security.
A criminal gang in South Africa who kidnapped a teenage boy on Sunday are demanding a ransom in bitcoin crytocurrency of nearly $120,000, police said.
http://www.africanews.com/2018/05/23/south-africa-kidnappers-demand-ransom-in-bitcoin-to-free-teenager
How will such news affect critics view of bitcoins?
http://www.africanews.com/2018/05/23/south-africa-kidnappers-demand-ransom-in-bitcoin-to-free-teenager
How will such news affect critics view of bitcoins?
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