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Topic: Criminality and Bitcoin (Read 31324 times)

fedorkr6

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Re: Criminality and Bitcoin

November 05, 2017, 01:28:12 AM

#841

Bitcoin has become the forex of decision for cybercriminals. Its exclusive traits of decentralisation and pseudo-anonymity are also eye-catching to prison actors in general, and however Bitcoin has been assessed as representing only a minimal money laundering risk. In numerous respects, cryptocurrencies are still considered as an unfamiliar, marginal phenomenon limited to the purview of experts. Bitcoin constitutes a considerable threat in terms of criminal organization and to promote the situation for higher awareness amid legal justice professionals and law enforcement officers in certain.

PointHope

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Re: Criminality and Bitcoin

November 05, 2017, 01:34:35 AM

#842

The real criminals are the central governments who print money with no accountability.

krulviper

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Re: Criminality and Bitcoin

November 05, 2017, 01:37:20 AM

#843

yes i believe there is a lot of criminality using bitcoin. Because with bitcoin we do not need the verification of personal data. I've seen on youtube many deep web users who use bitcoin as a means of payment.

XFlowZion

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Re: Criminality and Bitcoin

November 05, 2017, 01:42:20 AM

#844

Quote from: Xester on May 24, 2017, 05:11:25 AM

https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/

Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.

This just shows that as bitcoin develops both advantages and disadvantages will tag along.

These people are hypocrite. They blame bitcoins when there are big names on the criminal world that are still free doing what they want because either they are afraid to stop these people or they are paid to shut up.

dsaijz03

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Re: Criminality and Bitcoin

November 05, 2017, 01:47:27 AM

#845

I believe that it is not the point here because crime are already here. Even outside crypto world crimes are there. Criminals will use you iether you are in a crypto world nor on our local areas as long as they believe they can get something from you.

Flor1982

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Re: Criminality and Bitcoin

November 05, 2017, 01:48:25 AM

#846

Quote from: Xester on May 24, 2017, 05:11:25 AM

This is biased because these high rate of criminality and illegal activities are already existing using the paper money therefore it all already been there before bitcoin appear. It just happen that the criminals are now have the options either to use the paper money or the digital currencies to their illegal activities. In order to make bitcoin to be clean in these accusations people should support the regulations thru exchanges and ICO by these bitcoin will not be surely use in criminality.

yusupjatigumilar

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Re: Criminality and Bitcoin

November 05, 2017, 02:07:41 AM

#847

Many countries ban bitcoin for security reasons, as many bitcoins are used for criminal acts, such as the purchase of illicit goods. Criminals choose bitcoin to make transactions because the bitcoin is anonymous so it can not be tracked from whom and where the bitcoin is flowing.

NikolayRaev

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Re: Criminality and Bitcoin

November 05, 2017, 02:09:45 AM

#848

Bitcoin has inspired yet another technology that has some in the investor world worried that it will be used for the one thing bitcoin is commonly associated with: criminal activity.

Cryptocurrencies such as bitcoin remove the need for trusted third parties from basic monetary transactions and offer anonymous (more accurately, pseudonymous) transactions between individuals. While attractive to some, these features have a dark side. Bitcoin has stimulated the growth of ransomware, money laundering, and illicit commerce

ihsanskanzaone

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Re: Criminality and Bitcoin

November 05, 2017, 02:34:07 AM

#849

It's not a new thing that we hear there are some drug cases that use bitcoin as a transaction tool because in bitcoin transactions are considered easier and certainly more secure from the police and government so that drug dealers choose bitcoin as a means of transaction. So the end of the bitcoin is very close to the crime because in technological progress not only have a positive impact but also a negative impact depends on the personality of each mawu used for good or evil.

Oppang Inamo

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Re: Criminality and Bitcoin

November 05, 2017, 02:57:29 AM

#850

These two objectives are connected to each other and these are related to both. Many people think that bitcoin is a scam, bitcoin is illegal and many people prove that bitcoin is used in criminality and in any crime, thats why people doesnt want to try, and the other reason why government doesnt allow bitcoin because it is uswd in gambling, crime, drugs, illegal recruitings and any negative doings. Thats why these are related to each other.

Okuman

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Re: Criminality and Bitcoin

November 05, 2017, 03:14:12 AM

#851

The remittance of Bitcoin is fast and is cheap.
It is an advantage that BITCOIN does not have an intermediary,
but can find out a criminal as it is not a currency of the anonymity.

francesyrus

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Re: Criminality and Bitcoin

November 05, 2017, 03:25:51 AM

#852

Quote from: Xester on May 24, 2017, 05:11:25 AM

Yeah it is the bad side of bitcoin having use for illegal activity by some anonymous user. And i think it is being use by some drug lords in transacting their illegal activity because it is secure and fast. No identity of sender and receiver could be trace.

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ehrz22

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Re: Criminality and Bitcoin

November 05, 2017, 03:35:33 AM

#853

Quote from: francesyrus on November 05, 2017, 03:25:51 AM

Quote from: Xester on May 24, 2017, 05:11:25 AM

Agree, it will be much harder to trace owner of bitcoin address,and the transactions is very fast that they can transfer it from one account to another and another account so there will be no chance to catch the criminals.

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MCVXYZ

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Re: Criminality and Bitcoin

November 05, 2017, 10:09:01 AM

#854

there is a nuance:All the major players of the market are willing to disclose information if the investigating authorities are suspicious of the operation that will be carried out by bitcoin.Thus, in the course of time, bitcoin is the most undesirable currency for drug trafficking, trafficking and other illegal activities, since investigation of all unlawful transactions is faster and easier than in centralized currencies.The main attractiveness of blockchain is detentralization

Criptolog90

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Re: Criminality and Bitcoin

November 05, 2017, 10:26:19 AM

#855

It just a reason to make bitcoin have bad image, criminal was happened before bitcoin become public money.

Keeping Up

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Re: Criminality and Bitcoin

November 05, 2017, 10:39:39 AM

#856

I do believe that one of the very reason why bitcoin became so popular today is due to the fact that it has been used with illegal activities.
And sad to say us in this community can do nothing about this. Criminals will always find a way to make their business prosper using every way they could.

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shendeaz

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Re: Criminality and Bitcoin

November 05, 2017, 10:41:36 AM

#857

Anything has advantages and disadvantages. At present, the shortcomings of bitcoin are being found in various countries. The anonymity of bitcoin can not be denied for increasing the crime rate. Criminals can use bitcoin to carry out some illegal transactions and the government can not control it. Undecided

PrasannaPR

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Re: Criminality and Bitcoin

November 05, 2017, 10:59:03 AM

#858

Bitcoin want no identity to transfer , store or deal. So that mean Its obvious that bitcoin can increase criminality. If I describe it simply, anyone can plan a criminal case and pay the criminal with bitcoin. This transaction will never be found. Black money also can store as bitcoin.

wisdomcn

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Re: Criminality and Bitcoin

November 05, 2017, 11:00:57 AM

#859

There is advantage and disadvantage in almost every invention in the world. Because bitcoin have added positively in transactions across the globe. However because of the easy in transaction many people will use it negatively. It all depend on individual intentions.

mmmmyah

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Re: Criminality and Bitcoin

November 05, 2017, 05:33:02 PM

#860

Crime increases due to bitcoin is just nonsense - please have them show objective numbers. Criminals will continue to use any means necessary for laundering their money and committing crimes. In fact since bitcoin is a public ledger that is easily audited, it's harder for criminals to hide their tracks.

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