Criminals Love The Blockchain Technology

[ShintoshiBTC]

Do you agree that Blockchain Technology, A Haven For Cybercriminals
http://bitforum.info/t/blockchain-technology-a-haven-for-cybercriminals/706

Will the authorities find a way to foolproof Blockchain and just secure the technology from people who just think of themselves?

[Beliathon]

"Your Honor, years ago I recognized my kinship with all living beings, and I made up my mind that I was not one bit better than the meanest on earth. I said then, and I say now, that while there is a lower class, I am in it, and while there is a criminal element I am of it, and while there is a soul in prison, I am not free."
- Eugene V. Debs, Statement to the Court Sept. 18th, 1918

http://en.wikipedia.org/wiki/Eugene_V._Debs#Arrest_and_imprisonment

[Snail2]

Do you agree that Blockchain Technology, A Haven For Cybercriminals
http://bitforum.info/t/blockchain-technology-a-haven-for-cybercriminals/706

Will the authorities find a way to foolproof Blockchain and just secure the technology from people who just think of themselves?

That's a heaven for everyone who know how to use it.

Authorities will find ways to exploit it first. Then they will try to "secure" it by regulation and centralization. IBM already working on the first attempt.

[factor280]

Anything that the government can get their hands on and charge tax dollars, they are going to try and implement. The beauty of bitcoin is that the regulation does not exist. Hopefully we won't have to run into regulation any time soon. That would kind of kill the whole point of bitcoin in my opinion.

[NyeFe]

The internet is a haven for many innovative technologies, and criminals.

Bitcoin is a haven for many innovative technologies, and criminals.




~NyeFe © 2015

[CryptoConfusion]

yeah, criminals like it, so do non criminals..

Same as Guns, Money, Drugs etc..

[samson]

"Your Honor, years ago I recognized my kinship with all living beings, and I made up my mind that I was not one bit better than the meanest on earth. I said then, and I say now, that while there is a lower class, I am in it, and while there is a criminal element I am of it, and while there is a soul in prison, I am not free."
- Eugene V. Debs, Statement to the Court Sept. 18th, 1918

http://en.wikipedia.org/wiki/Eugene_V._Debs#Arrest_and_imprisonment

I've never heard of this guy before but it's impressive all the same.

[SirChiko]

Anything is exploitable when it's in wrong hands and it's also heaven for anyone who can use it propertly.

[manselr]

Do you agree that Blockchain Technology, A Haven For Cybercriminals
http://bitforum.info/t/blockchain-technology-a-haven-for-cybercriminals/706

Will the authorities find a way to foolproof Blockchain and just secure the technology from people who just think of themselves?

Same discussion as always. Again, just because criminals use cash, should be ban cash?
Bad people using a great technology shouldn't ruin it for the rest.

[OpenOcean]

Everyone loves blockchain technology.

I bet criminals love fiat currency, too.

[Meuh6879]

criminals ?
war ?
theaf ?

politics.


so, yes ... they don't like Bitcoin.

https://www.youtube.com/watch?v=joITmEr4SjY&feature=youtu.be

[seethevalue]

Do you agree that Blockchain Technology, A Haven For Cybercriminals
http://bitforum.info/t/blockchain-technology-a-haven-for-cybercriminals/706

Will the authorities find a way to foolproof Blockchain and just secure the technology from people who just think of themselves?

No. they all can be tracked it's going to catch up to them..

I can hire an investigation team right now to track down my stolen funds from 2013 but I can't afford it.

however you can donate to 1Fo1atLWjHmkUMVd1vXaqM1Nzn7Y1G6uCQ

an put money towards one to see if it really can be done.

[Bizmark13]

The internet is a haven for many innovative technologies, and criminals.

Bitcoin is a haven for many innovative technologies, and criminals.




~NyeFe © 2015

It's a fair comparison but not a perfect one IMO. The Internet is still mostly centralized - i.e. we rely on centralized ISPs to connect to the Internet, the DNS system that we use to access websites is under the control of a single centralized entity, and most importantly, the websites themselves are housed on centralized servers which can be shut down at any moment. And while the process isn't always straightforward, the identity of those who use the Internet for dishonest purposes can more often than not be obtained by law enforcement too. Bitcoin, in contrast, cannot be shut down due to its decentralized nature and unlike the Internet, it is pseudonymous by default. A more fitting comparison would be to other decentralized networks such as Freenet and to a lesser extent, Tor.

[Btcvilla]

Of course, its an easy way to stay anon without doing person to person cash exchanging.

[Ingatqhvq]

Yes, you  can  steal peoples bitcoin, and  almost  not be punished.
But, this problem may be solved in the future.

[H.W.Z]

I think The Blockchain Technology will come up with a solution. At least it is still at its infant stage. There are a lot of things, which need to improve.