The Bitcoin busts: Its anonymity made Bitcoin popular among criminals.

BitcoinSupremo

copper member

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Quote from: Grillo on April 13, 2016, 04:27:22 PM

anonymity on the internet does not exist anymore, who thinks the opposite is a fool.

Doesn't exist for average Joe-s but for people which are very experienced in computers, it exists and can be accessed by anyone who wish to remain anonymous on the net, using TOR browser and TAILS version of Linux which is a live OS with TOR incorporated, chances are very slim to find who you are and for that the government needs to spend lots of money. So yeah if you use Bitcoin by using the 2 systems above, it can become anonymous although it can be tracked later on but not in the beginning. Any criminal can be in some paradise Island, the moment its address become identified with its real IP so yeah in the end bitcoin can be anonymous, but as per se its pseudo-anonymous.

KennyR

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Bitcoin as a pseudo-anonymous currency is used by a very little percentage for criminal and illegal activities. So currently who were aware of the growing technology and have some knowledge is found more in bitcoin.

thretolium

newbie

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Merit: 0

Quote from: vrm86 on April 13, 2016, 01:58:42 PM

How is the cash money easier to track than bitcoins? Cheesy

I'm afraid, that more retarded articles like this one are waiting for us - why make an effort to learn anything, when you can burn on stake anything you don't understand? Wink

Mainstream press hiding bitcoin secret because banks scared cant onboard or understand how to diruptive technology revolution is new paradigm shift.

Grillo

full member

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Merit: 100

anonymity on the internet does not exist anymore, who thinks the opposite is a fool.

owm123

sr. member

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Merit: 250

Quote from: cmbartley on March 12, 2016, 04:55:40 PM

"Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable."

http://science.sciencemag.org/content/351/6278/1144.full

Did they finnally read http://www.bitcoinisnotanonymous.com/? Its surprising that still ppl think that bitcoin is anonymous, when it was known since 2008 that btc is only pseudo-anonymous.

Superways

hero member

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I don't think that the criminals are here to use bitcoin, there are even a large number of educated people who do not know about bitcoin yet, then how the criminals found some time to set in front to their computer and started to learn about bitcoin,

vrm86

hero member

Activity: 676

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How is the cash money easier to track than bitcoins? Cheesy

I'm afraid, that more retarded articles like this one are waiting for us - why make an effort to learn anything, when you can burn on stake anything you don't understand? Wink

cmbartley

full member

Activity: 140

Merit: 100

Quote from: Bitcoinpro on March 18, 2016, 11:57:36 PM

Quote from: cmbartley on March 12, 2016, 04:55:40 PM

"Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable."

http://science.sciencemag.org/content/351/6278/1144.full

Mods block these full retard accounts please

Ha, what is the blocking policy? Whimsy?

NordicRanger

sr. member

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Merit: 250

Yes this is the reason why criminal make use of Bitcoin because they cannot me traced or tracked down. But this is also a reason why normal people use Bitcoin because they do not want to get their information out there.

Bitcoinpro

legendary

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Quote from: cmbartley on March 12, 2016, 04:55:40 PM

"Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable."

http://science.sciencemag.org/content/351/6278/1144.full

Mods block these full retard accounts please

ranochigo

legendary

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Merit: 4418

Crypto Swap Exchange

Bitcoin is pseudonymous and is a great alternative for money laundering. However, Bitcoin has a significantly less adoption rate compared to fiat. Fiat is accepted almost everywhere in the world and it is easy for anyone to spend them. When laundering money using Bitcoin, they have to get past the verification of exchanges and even with face to face trades, there is little volume.

unamis76

legendary

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When was Bitcoin invulnerable? If it was, we wouldn't be caring this much about it...

Crazygreek

sr. member

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Merit: 251

Quote from: onlinedragon on March 17, 2016, 02:16:44 PM

Criminals don't care about it believe me. Even when Bitcoin will not useful anymore they will find another way to do the transaction.

It's really a truth. Criminals worked before bitcoin and will do this after. Bitcoin now just a good tool in criminals hands and anonymity is not only the reason. Bitcoin have a lot of advatages for it .

RealPhotoshoper

legendary

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Quote from: cmbartley on March 12, 2016, 04:55:40 PM

"Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable."

http://science.sciencemag.org/content/351/6278/1144.full

so far they right,bitcoins beloved by computer scientist,libertarians and criminal. but until now,not only that people who love bitcoin,and i believe general people will also love bitcoin in future.

onlinedragon

hero member

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Criminals don't care about it believe me. Even when Bitcoin will not useful anymore they will find another way to do the transaction.

Lauda

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Terminated.

Quote from: cmbartley on March 12, 2016, 05:19:52 PM

It's an article for quasi lay people. Science is one of the most widely read scientific research journals so their readership has a high capacity for technical understanding but Bitcoin, believe it or not, is still not mainstream at all. This article serves to continue to insert bitcoin and other cryptos into mainstream conversation which should bolster adoption over time.

I'm most certainly aware that Bitcoin is not mainstream yet. I understand your viewpoint.

Quote from: Hirose UK on March 12, 2016, 09:43:01 PM

I agree. because of the transparent transaction of bitcoin, people can believe to them who send bitcoins although the sender is anymous, but I'm not saying that all people is honestly using this stuff.

Well, you have to consider another aspect. As a user, you can view thousands of transaction of the blockchain and you have no idea from who they are nor where they're going. This is why it is pseudo-anonymous. Just because there's a possibility that you could be uncovered (a lot of research and information gathered) that does not mean that this aspect is lost.

Kprawn

legendary

Activity: 1904

Merit: 1074

The biggest criminals are those people raping poor people with sky high fees in the fiat remittance and banks environments. Most people think Bitcoin is anonymous, including criminals and then they

get caught. There are several other Alt coins, offering much better anonymity than Bitcoin {Dash} for these criminals. The whole Bitcoin = criminals association were hyped up by the press on crack,

after the whole Silkroad fiasco. We cannot tell criminals not to use Bitcoin, and the same goes for cash. Roll Eyes

avikz

legendary

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Every innovation will have a brighter and a darker side.

No doubt that its anonymity made bitcoin popular among criminals but the majority of bitcoin users are not criminals. They are just normal people like you and me.

Bitcoin is a blessing and not a bane.

Amph

legendary

Activity: 3248

Merit: 1070

it's not a tool of crimanl and everything illegal, just because criminal choose to use it

i cna argue that the first criminal is the government sitting on unfair taxes and huge inflation, purposely created to suck even more money from average joe

vero

hero member

Activity: 518

Merit: 500

A lot of the revenue that banks make from transaction fees and money laundering will be lost if bitcoin or another cryptocurrency really becomes mainstream as a store of value. that's why they called bitcoin is criminals

Topic: The Bitcoin busts: Its anonymity made Bitcoin popular among criminals. (Read 1380 times)