Topic: What is the fate of Scammers if bitcoin later becomes a traceable Currency. - page 5. (Read 2195 times)

but I think fraudsters must have looked for other ways to manipulate transactions. but if it can happen I am sure that fraud can be reduced, because the way to stop them might close some of their access to where they commit fraud. Although I'm sure that not all fraud will disappear, I think it can be reduced

Unless you use a mixer....
That way nobody will be able to reproduce such mentioned steps thus making it impossible for tracing them.

There should be a rule for such cases where mixers would be forbidden which will deny every sorce of hiding traceable data from such scammers.

This is one of the problems and people really need to stop being greedy. They fall for the most ridiculous things. Never listen to promises people will make you. They will be doing I themselves if they really had such a proposition. Always ask why they do not use their own money? Much better to invest in something you can see, like someone else's business or even your own. Then you can see the profits the costs and the loses with your own eyes and make a proper educated decision. People invest in things they don't even know what they investing in and some people cannot get buyers for legit things they sell. It disgusts me.

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Absolutely agree.
It's better than that.

It only works if the cryptography on elliptical curves is reliable. If the elliptical curves used in the blockchain have no weak points.

But there is a danger that nobody understands, but the consequences of which are observed by very attentive people.

If you are interested in details, take a look at the subject:
https://bitcointalksearch.org/topic/how-long-will-existing-encryption-last-5209297.

so if thats the case then we should answer the main question mate and that is the Fate of Scammers since they are one of the important reason why tracing is must be in place.

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for me?even traceable or not?scammers will continue their journey and nothing can stop them,but we can prevent from happening if we will close our doors to become a victims.

never be greedy and always follow the rules in engaging transactions here in crypto,remember that they're sweet words can attract people at any time specially when we are a greedy person.

Scammers will use all sorts of currency to do their dirty work, Bitcoin is actually more traceable than hard Cash because every transaction is recorded on the Blockchain because that is what the blockchain, is a ledger where transactions are recorded lol, which makes it more transparent to use than FIAT ever was. We have had criminals and scammers using FIAT for centuries, so Bitcoin is much safer to use, but you need to be more aware of how to look after your wallets and also to not go to dodgy sites to so-called invest when they promise you shining lights, Lambos and fast money. If you look after your Bitcoin well, you won't get scammed so easily. Many now Bitcoin using criminals get caught because their transactions on the blockchain can be traced back to their nasty little wallets. We can nab then now easier than those who hoard and launder cash around.

I don't know what the argument is about?
People, read the special literature, there's knowledge on the subject.

Here's the simplest example, which is easily tested by everyone in practice. And there's nothing to argue about here, it's for a decentralized P2P logical network - you're anonymous, relatively centralized, and for ordinary network routers - you're an ordinary client with an ordinary set of identifiers.

I don't understand those who here talk about anonymity in the network in principle.

It's a self-deception.

The CryptoLux group, back in 2014, published their paper investigating bitcoin and transaction anonymity on the network. It follows from their work that it is possible to bind bitcoin addresses to users' ip addresses, even if they are behind a NAT or firewall, or using a Tor network. Only a couple of ordinary computers and a budget of $2000 are needed to bind them.

Previously, network research has been done to correlate different transactions and bind them to one user by analyzing a chain of blocks.

The approach from this work is based on real time network traffic analysis.
When you intend to make a transaction on the network, your client connects to a set of eight servers.
These are input nodes and the set is unique for each user.
When you make a transaction through your wallet, the input nodes send information about the transaction to the bitcoin network.
The essence of the method is to identify the set of input nodes, through them - the purse, and through it - the user.
In this case, the client's ip-address can be linked to its transactions.

Even if several users are behind NAT and are simultaneously working with the network, each of them will have its own set of eight nodes, which will distinguish it from the others.

In addition, a few simple technical steps will make it possible to forbid Tor output nodes to perform transactions.

So what's to argue about?

What the content creator wants to say is what if the bitcoin transaction becomes more transparent or what we called becomes lighten the transactions that we are doing, what would be happen to those people who are doing bad activities like scamming other people and etc. Maybe what will happen is it will be pretty simple to arrest and get those scammers and hackers in order to revenge or get the money or the properties that are being scam on us buy them, but before that happens it would be more great if we will be assured that they are the one who really scam or hack our accounts and money in order to not waste the newly improve transparent transactions. I hope that after a few years, the transaction according to the cryptocurrency becomes more variant and transparent.

i think thats enough to keep safe our money here in crypto,but that is "For the Mean time" because we already knew what is the capacity of these people and they always find ways to victimized.
sooner they will have another option on where they can hide their personality and continue their stupid style of profiteering .

When Bitcoin becomes a trackable currency, it is difficult for scammers to perform their actions. When monitored, employers will better manage their money. We should find ways to destroy the crooks that harm us. Do not lose money to protect your account.

Their fate does not change traceable or not for sure they will be caught or if not by doing bad things they lower their morals as a person. Although some exchanges are communicating with each other if there is a proven stolen fund. Centralized exchanges can do that easily, But sometimes it's scary to use a service like that what if you are just framed. But I doubt these hackers uses centralized exchanges. If there is specific info attach to each bitcoin address it is not bitcoin anymore.

For one, the theft would need to be large enough that international authorities would want to get involved, and that is extremely unlikely.

Two, Bitcoin would need to be considered property of value by any jurisdiction handling the case, without this, it's no different than stealing some in-game currency from another player.

That said, Bitcoin is already traceable, there are dozens of analytics platforms that are already looking to piece together ID, IP and transaction information to put a face to as many wallet addresses as they can.

Every time you provide your KYC info, you're helping to build this mesh.

Bitcoin is already traceable. We don't know who sent it for Bitcoin. We don't know who's the buyer. But we can follow the journey of bitcoin. IDs will appear if shooting in a Kyc Exchange. There's not that much privacy in real life.

A scammer will just fond other ways of scamming. Scammers even open a bank account and don't care id you know them. They will use stolen info and other peoples names. In court, you need much more than this to convict someone or else everyone would be convicted for such small things. You need a good lawyer and all your ducks in tow to convict someone. It will help but it will never make for an open shit case. But at least they can watch for activity on the suspected addresses.

I also hope that in the future scammer will disappear from the world of cryptocurrency. But it is a very difficult one because there is nothing against scammer in this market, cryptocurrency cannot be monitored, and if in the future if crypto cryptocurrency is to be monitored and controlled, I think this market will quickly collapse. Currently we can only protect ourselves against scammer

I think it was just the same thing since bitcoin was traceable in the blockchain but still have an anonymous transaction, all of the transaction in the network was recorded in the blockchain so it was kinda traceable in away. Almost all the people will be comfortable when those features will be implemented because anyone can locate and retrieve their lost money because of the scammers. It will not also be not just for the scammers but also for the wrong transactions or transferring money from one to another. If you think about it could easily help scammers to trace the bitcoin but also it could help us trace them also.

These Centralized exchange contributed to Bitcoin's being traceable of course apart from the blockchain explorer where all transactions are recorded, so far many hackers are being caught but these exchanges must keep up to battle these hackers, there are so many exchange hacking happens this year.

Why do you need a central office when you have the capability to transact without a centralized structure and who said it is not traceable when every transaction is in a public ledger and there are companies who are investigating dubious movement of coins and in the future we might see all the scammers been dragged to court in the coming years.

Scammers certainly have many ways, but we must also have ways to avoid their projects. and if crypto can be tracked easily and cannot be manipulated again, transaction scammers can be reduced, I really hope scammers can disappear from the crypto space

Well if the scammers are professionals and even new, I think they would not do such things in the first place. Only dumb people who are ready to get jailed or messed up will certain engage on those illicit activities. As of now lets just avoid being scammed an the likes, that way we can minimize criminal activities in the crypto space.