Criminality and Bitcoin

[Xester]

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.

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[Sniper44]

i doubt it.
criminal activities were happening even before bitcoin. for example the ransomware that everyone is talking about these days have been around a very long time before bitcoin was created!

and besides since bitcoin doesn't offer real anonymity it can not really help the criminals as much as things like hard cash helps them.

[nydiacaskey01]

Not all criminal activities can be linked with Bitcoin
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.

[Kakmakr]

The same thing was said about the internet and now people use the internet more for legal business than crime. All technology has a "dark" side. Telephones are used to harass and exploit people, but most telephone calls are legit. Do we throw away all telephones, because a small percentage of people use it for crime? NO... The good will triumph in the end.

Do not listen to the government shills, they have reason why they want Bitcoin to fail. ^grrrrr^

[Quartx]

Criminal activities have been linked with any currency for eons, before money like seashells, farmers were exploited for livestock, after that seashells, than came paper money, gold, jewelry  , and the likes of it.

Just because bitcoin or cryptos are used for illegal activities is not proof or proper statistics that bitcoin is the reason for more crimes in the world.

[Xester]

i doubt it.
criminal activities were happening even before bitcoin. for example the ransomware that everyone is talking about these days have been around a very long time before bitcoin was created!

and besides since bitcoin doesn't offer real anonymity it can not really help the criminals as much as things like hard cash helps them.

Ransomware is a different issue. Bitcoin has open a new portal to a world of opportunities and that includes investment and as a mode of payment in exchange for goods and services.But  the moment bitcoin was kicking big in the market the scammers and other cybercriminals have widen their area of operation. Compared to fiat currency they can only transact within their political bounds but since bitcoin can be used globally without passing any banks cybercriminals can now find a victim in any place in the world using the web.

[Seville]

all currency is  succeptible to crime.. just gotta keep your eyes peeled for crypto scammers.. I learned the hard way by getting into cloud mining  XD

[Kemarit]

Even before bitcoin was introduced to us by Satoshi, criminals has used various ways to make illegal activities. This is also the case with fiat as well. So don't blame bitcoin for the increase crimes. criminals will be criminals no matter what. They just found bitcoin and exploit its "flaws". Will criminals be caught it ever they used bitcoin. Absolutely. They putting a red paint of bitcoin as if those criminals using it can't be caught. They are looking bitcoin in one side only and they are biased. They should also look at how bitcoin can be used in other aspects financially, not just in illegal activities.

[Nevis]

Yeah i also see some statements about this bitcoin being a cause of criminal things like drugs and terrorism,they are abusing bitcoins anonimity feature in order to do that illegal things freely

[FlightyPouch]

i doubt it.
criminal activities were happening even before bitcoin. for example the ransomware that everyone is talking about these days have been around a very long time before bitcoin was created!

and besides since bitcoin doesn't offer real anonymity it can not really help the criminals as much as things like hard cash helps them.

Criminal Activities are always happening in the world, it is done everyday in our world. And with bitcoin, it is more easy to do some transactions to buy something without knowing who you are and where you are. I think they are not using bitcoin, but they are more like abusing the use of bitcoin.

[Creepings]

Yeah i also see some statements about this bitcoin being a cause of criminal things like drugs and terrorism,they are abusing bitcoins anonimity feature in order to do that illegal things freely

I think this criminal activities using a bitcoin has been predicted by many people especially big names and the government, but with the popularity of bitcoin, I think they can't stop people from using them, and the fact that it also helps their country to develop their economy.

[TravelMug]

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.

I agree. bitcoin has both advantage and disadvantages. But one disadvantages that really stands out is that is pave the way for criminals to used it to import or buy drugs in the dark market. Even terrorist has found bitcoin weaknesses and used it to transfer their funds. But do not put all the fault on bitcoin technology all along, but they should not undermined the advantages of bitcoin as well.

[aoluain]

Of course bitcoin and crypto currency has increased the amount
Of criminalitynin certain countries and areas.

Increase in criminality is because of a lot of factors like social issues
And the widening divide between the people who have money and
Those that dont. Employment in my opinion is slowly reducing and we are
on the first step in the ladder as regards artificial intelegence which
Will further reduce employment.

The internet alone and the darknet have also contributed to a rise in criminaliy

[davis196]

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.

Definitely no.
Some criminals started using bitcoin ,but that doesn`t mean that bitcoin increased the number of criminal cases.
This another ignorant anti-bitcoin propaganda.

[magneto]

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.

I think that criminals won't just start being criminals because bitcoin came along, i strongly don't think that's the case. Criminals will be criminals whatever currency they use, not just because bitcoin is out.

Criminals have criminal wills at heart - and they'll go act that out no matter what currency is available not just btc.

However i have to say that drug sales have probably increased due to bitcoin and monero, however maybe that's just because more states are legalising drugs recreationally, or maybe it's because of btc.

[Ucy]

What stops criminals from creating fake  USD online account like PayPal and making their victims pay in the account via online transaction? Absolutely Nothing! It's pretty easy to use a dedicated VPN  to fake ones country and get paid through PayPal. Dedicated  VPN  is cheap by the way. Bitcoin or No Bitcoin, crooks will still exist

[CryptoBry]

Criminal activities have been linked with any currency for eons, before money like seashells, farmers were exploited for livestock, after that seashells, than came paper money, gold, jewelry  , and the likes of it.

Just because bitcoin or cryptos are used for illegal activities is not proof or proper statistics that bitcoin is the reason for more crimes in the world.

Quite true. Criminals have been in existence since the beginning of time and blaming a relatively newcomer like Bitcoin for the mess may not really be that fair. The truth is that with Bitcoin criminals may found a tool they can use but it does not mean that it is the fault of that tool.  Far from that. Bitcoin is not really so anonymous after all as record of the transactions can still be trace and in fact the record is in public.

[cryp24x]

I do not think bitcoin encourage people to be criminal or increase its activity.  This criminal activity will still happen even if bitcoin does not exist.  One of the proof is the criminal activity that was recorded even before Bitcoin were created.  Criminals will use all possible means to do their illegal activities whether they are using Bitcoin or not.

[DoublerHunter]

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.

We don't need to be surprise to the relationship of bitcoin and the criminality because bitcoin is already used even on its first few years in the black market because of its being anonymous so the authorities cannot trace them down and that is the advantage of using bitcoin for the criminals but such a huge disadvantage to us. If i were satoshi nakamoto, i will remove that anonymity to avoid crimes.

[Ucy]

Internet too is notoriously anonymous, Imagine if countries had banned it in its early days for fear that it may increase crime. Ofcourse it ended up increasing crimes and as well helped solve so many societal problems such as slow banking, millions of jobs created, online shopping, online verifications,... Cryptocurrency like every other things has its advantages & disadvantages but I bet its advantages far outweigh the disadvantages.