Indeed it does. Because the users are anonymous, it makes it hard to track down the owners. This has led to people to take unfair advantage of it, and they end up scamming people. But if one is smart he/she will be able to track the IP address, even a simple email id can help too.
Topic: The anonymous structure of the blockchain technology encourages crime? (Read 487 times)
July 06, 2018, 12:22:40 PM
July 02, 2018, 07:13:44 AM
No, it definitely doesn't encourage the illegal activities. But illegal activities find it's way as the transaction occurs anonymously here. Steps need to be taken to abort this kind of activity.
July 01, 2018, 12:41:50 PM
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
Well I will not say that this is not true but please look at all the benefits it is giving. It can be partially true as I have no right to negate your statement. If we look at coins like Lamden, DRGN etc, these are brilliant coins that are or will be using Blockchain too. July 01, 2018, 12:06:59 PM
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
It might be possible, but I will say there is so much good about Blockchain that it is almost stupid for anyone to point out anything like this. Apart from that, there re so many coins that are deciding or are using the blockchain and are working great in terms of security like ICX, Lisk, PRG etc.
July 01, 2018, 02:26:37 AM
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
No, pseudo anonymity of Bitcoin does not encourage criminal activities. The fact that we are dealing with something that has value, gives it more incentive to be used for crime. Do not forget that Cash is more anonymous than Bitcoin. Criminals do not have to be encouraged to use anything of value for crime, they just do.
Bitcoin transactions are traceable on the Blockchain, under certain conditions, which makes using this for criminal activities a very stupid idea.
Very well said sir. Its just that criminals could receive their money online without the worries that someone could track physically. After all, all the rules and regulations that is implemented in every countries is to make sure that there are no illegal activities involve in using money that is why in some places, you should put where the money come from and where will it be used to get the remitted money.
July 01, 2018, 01:07:43 AM
Because no one can modify the blockchain data at will.
And the blockchain is anonymous, so it's good for criminals to use because it's hard to track down.
And the blockchain is anonymous, so it's good for criminals to use because it's hard to track down.
July 01, 2018, 12:58:35 AM
Bitcoin is just a tool which can be used for different causes. Therefore, it cannot encourage people for doing anything. People launder money because they don't want to pay coerced taxes, war in drugs doesn't work. So are these things really crimes?
Among the use of crypto is just what it is in the mind of a criminal wants to use it the way they want it, it can be done. Same thing with fiat. Fiat are owned by government and yet they still can't control the use of it. Which is why I'm not sure whether the regulations are suppose to be imposed. Let the crypto space be what it is right now. Its not like they can control someone anonymous enough from creating another coin.
June 30, 2018, 08:23:47 PM
if it were true it would be beautiful in the fox. because do not hurt the bitcoin lovers of the world. should not let the crypto world be upgraded to always be clean of criminals and pera ahocer .
June 30, 2018, 02:28:46 PM
Bitcoin is just a tool which can be used for different causes. Therefore, it cannot encourage people for doing anything. People launder money because they don't want to pay coerced taxes, war in drugs doesn't work. So are these things really crimes?
June 30, 2018, 01:58:57 PM
When people doesn't have good thoughts about bitcoin, and still if someone close to them force to use they'll give reasons same as the thread title. From my experience only people who love to be a part of the growing technology will use it for good deeds.
June 30, 2018, 01:44:59 PM
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
I once said something like this, “anonymous or not criminal does exist”. In real world with identification card and cctv’s criminal activities is rampant.
If you’re born to be a criminal and addicted as one then you don’t need blockchain technology to hide yourself. It is only you who will expose it.
Look for the biggest corrupt individuals in the world, they’re standing as public servant.
June 30, 2018, 09:40:03 AM
Yes, bitcoin and cryptocurrency transaction anonymous and very easy than fiat transaction. It not a help to grow the crimes related transaction. All ways criminal find a better, safe and the fastest way to do their activities. It is not a bad quality of bitcoin, but it is bad quality of criminals. Bitcoin does not encourage crimes, peoples' mindset encourages the bitcoin usage for crimes.
June 29, 2018, 02:56:53 PM
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
Whenever a so-called ‘expert’, official, or other talking head starts pontificating on the evils of Bitcoin, one argument that never fails to get trotted out is how people are using Bitcoin to hide their money from the government. That argument, of course, usually segues in with the “Bitcoin is cryptocurrency of preference for criminals and Very Bad People” argument. But Bitcoin wasn’t designed to hide wealth from the government. It was designed to allow people to control their own wealth. There is a difference. And frankly, if anonymity is a user’s primary concern, there are far more privacy-centric cryptocurrencies out there. Bitcoin is hardly anonymous – in fact, there is an entire growing industry dedicated to tracking transactions. June 29, 2018, 01:08:58 PM
So can cash be used for trafficking and criminal activities and there won't be any way for the government to track it. Now is cash also breeding ground for illegal activities? I don't see you complaining about that. if you want decentralization than this is the price that everyone needs to be ready to pay.
June 29, 2018, 08:06:04 AM
Yrs it does and this the reason some government has be scared to make it legal to his people because they fear the misuse of it for something bad...
June 29, 2018, 07:58:01 AM
In some way it does. The anonymous nature of the technology makes it difficult to track those who commit money fraud.
June 29, 2018, 07:56:47 AM
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
Not really if the end use case has not been to harm someone by other party, else not just blockchain, but even real money will work as a means in the surge for criminal activities. About drug trafficking, why don't people consider smuggling of gold and other precious metals as well as chemicals in exchange of these drugs instead of blaming blockchain alone every time? I've had been watching this since the beginning and can say that Bitcoins' use is least in such malicious happenings compared to those that are used in real world already like fiat, gold, etc.
June 29, 2018, 07:49:41 AM
And about the BTC being so non-anonymous...
Just how many of the scammers here on the forum have been traced out of 8200 scam accusations topics? 0.1% ? 0.2%?
Sounds pretty anonymous to me.
Just how many of the scammers here on the forum have been traced out of 8200 scam accusations topics? 0.1% ? 0.2%?
Sounds pretty anonymous to me.
There are several reasons for them not being found and convicted. I think one of the biggest ones, pirateat40, got prosecuted. They also managed to get Ross, so those who are treated as "high profile" are found.
As for this forum, I believe that at least half of the accusations don't even mention money. The people involved are accused of hacking accounts, scamming signature campaigns for a couple bucks, taking loans and disappearing... That 10% (at most) that steal big money, still can be considered small fish. Nobody is going to spend days or months trying to trace wallets when there's only a couple thousand USD at stake, but BTC is by all means traceable. You just have to spend the coins somewhere for it to work. If the thief hoards the coins tracing is pointless.
As cellard said just above, I'm not so sure you can track coins that easily. Especially with the service both of us advertise on the forum.
A large number of coins maybe it will leave tracks but 100-200 coins spread over a few days, with chips then tumbled again and deposited on multiple accounts on localbitcoins for example, have fun tracking that...
With fiat and banks it's pretty simple, no matter where you transfer the money there is always an account with a label, you just can't erase money from one account and then have an account 3 weeks older credited with the same amount on the other side of the world.
June 29, 2018, 04:30:11 AM
This always the fear of some countries in legalizing the use of bitcoin's in their country as they know the risk involved which is anonymous transactions and can also be use for illegal transactions
June 27, 2018, 02:43:31 PM
The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?
No, pseudo anonymity of Bitcoin does not encourage criminal activities. The fact that we are dealing with something that has value, gives it more incentive to be used for crime. Do not forget that Cash is more anonymous than Bitcoin. Criminals do not have to be encouraged to use anything of value for crime, they just do.
Bitcoin transactions are traceable on the Blockchain, under certain conditions, which makes using this for criminal activities a very stupid idea.
I think this is delusional. Anyone with a brain that's about to commit crime would use a mixer to hide their tracks. I tested a mixer out of curiosity once with some BTC, and it really makes it a mess to track the coins back. Unfortunately I can forget about cashing out these coins now to buy some property because I will not be able to justify its origins after the inputs became all a mixed mess, and I don't want to be labelled a criminal.
It is what it is, despicable criminals will profit from Bitcoin, just like how good people that need to move or hide wealth from totalitarian governments and other attackers will profit from it. It's a double edged sword, but then again what weapon isn't.
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