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Title: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: alyssa85 on January 02, 2018, 11:50:51 AM https://www.bloomberg.com/news/articles/2018-01-02/criminal-underworld-is-dropping-bitcoin-for-another-currency
Bitcoin is losing its luster with some of its earliest and most avid fans -- criminals -- giving rise to a new breed of virtual currency. Quote Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of analytic firms such as Chainalysis are getting better at flagging digital hoards linked to crime or money laundering, alerting exchanges and preventing conversion into traditional cash. The European Union’s law-enforcement agency, Europol, raised alarms three months ago, writing in a report that “other cryptocurrencies such as monero, ethereum and Zcash are gaining popularity within the digital underground.” Online extortionists, who use ransomware to lock victims’ computers until they fork over a payment, have begun demanding those currencies instead. On Dec. 18 hackers attacked up to 190,000 WordPress sites per hour to get them to produce monero, according to security company Wordfence. For ransomware attacks, monero is now “one of the favorites, if not the favorite,” Matt Suiche, founder of Dubai-based security firm Comae Technologies, said in a phone interview. ...Princeton University researchers recently developed a tool that helps them analyze Zcash transactions at least to some extent -- but they haven’t been able to crack monero. And Zcash high-security features can’t be used on disposable burner phones, a favorite of criminals eager to stay anonymous. Title: Re: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: penig on January 02, 2018, 12:03:52 PM Guess criminals dont want to pay high fees either :P
Title: Re: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: davis196 on January 02, 2018, 12:24:29 PM All the stupid bitcoin haters,who think that bitcoin is a currency for criminals and terrorists should read this
article and shut up.The bad thing is that goverments will be forced to put more regulations over the altcoins and this will hit the cryptocurrency markets.If coins like monero and Zcash become more regulated,the people that hold these altcoins might sell them and buy more btc. Title: Re: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: Tavarez on January 02, 2018, 12:35:37 PM Guess criminals dont want to pay high fees either :P cannot agree more with you, it was real statement. On the other hand they choose monero for their dirty jobs. Monero even hides the amount transacted between the different parties. It is a real quest to discover how much monero owner has is possession. Verge looks very safe and anonymous coin as well. Title: Re: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: fiulpro on January 02, 2018, 12:37:46 PM I do think that it's a nice thing .
If the criminals will stop involving with bitcoins then the government won't have more complains about bitcoins bothering them. It might decrease the price of bitcoins for a short while but it's for the good so we must go through it . This way.. bitcoins can truly be free from all the negative comments that comes their way. Title: Re: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: BitcoinHodler on January 02, 2018, 12:40:56 PM any criminal who has been using bitcoin whilst monero exists is the biggest on earth.
and they have not dropped bitcoin now, they have dropped using bitcoin a very long time ago. it started when SilkRoad was shut down back in 2013(?)ish and people either went back to good old cash or monero. the question i have in mind is why bloomberg is writing about it now and pretends it has happened now. Title: Re: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: Vatimins on January 02, 2018, 12:48:36 PM I don't know wether this is a good news or not. Because either way, the whole crypto world will suffer because of this. Yes, this might be good for bitcoin because it proves that bitcoin is just the same with other cryoto currency or fiat that can be taken advantage by criminals. But the fact that authorities already have ways to track users, i do mot think it is worth the profit. I sure am going to find better currencies that have better security and decentralization options. And monero won't be one of it anymore since it is hot with authorities now.
Title: Re: Criminal Underworld Is Dropping Bitcoin for Another Currency Post by: Farul on January 02, 2018, 12:53:14 PM Guess criminals dont want to pay high fees either :P You are RightBut There Are More Factors Why They're Migrating To Monero & Zcash Like: -Fast Transaction Speed -Low Fee (Not For Monero) -More Anonym |