Criminality and Bitcoin

[skorupi17]

Having a mindset that Bitcoin is a contributor to the increasing number of crimes throughout the world is a narrow-minded person.

Criminals are just smart enough to see the potential of bitcoin in order to gain and at the same time, cover their tracks. What is the main reason why these criminals do crimes? To earn money, then let us blame money (fiat) for that. What does these criminals (particularly the cybercriminals) use in order to commit crimes? The internet, then let us blame internet for that.

They are blaming Bitcoin for the deeds of criminal which is very illogical and a complete nonsense.

[btc_angela]

Bitcoin is an Double edged sword , you can either use for good or criminal activity , because bitcoin is anonymous its very hard for the governing bodies to control the criminal activities with bitcoin

i agree with you !!! depends on how you use bitcoin correctly and Dont abuse it.... 

Correctly said it is upto the users of bitcoin to use bitcoin in which way and about talking about criminality of bitcoin then even before bitcoin existed this type of hacking and asking ransom in fiat currency was common so we should not blame bitcoin for this fault but we have to blame the users who have used bitcoin for this illegal activity

Indeed its a double edge sword. As we find bitcoin to be a safe haven say like for investors, criminals also find it a safe haven, exploiting it and used it for criminal intent, like buying drugs online and using it as payment for hacking activity because of its anonymity. Satoshi didn't design bitcoin to be like this, and so don't put all the responsibility or criticism on bitcoin technology.

[gabbie2010]

Yes there is tendency that some criminals may want to use  bitcoin to perpetuate crime mostly money laundering. Even terrorist might launder bitcoin.  Well it 's up to INTERPOL to be at alert and monitor virtual currency transfer.

[alexsamudra]

 I've also seen and heard some statements about this bitcoin as a tool that causes criminal things like drugs and terrorism, some of which light up using the prohibited bitcoin feature freely.

[pecson134]

In my country the criminality is zero percent with bitcoin as in my country the criminals are not able to regulate bitcoin as they are not educated and other users of bitcoin are educated people and they are using bitcoin for their better future and for their better country future.

I don't think it would be zero percent. Maybe at least there were still people on your place that is educated and have the information about bitcoins and used them illegally. There is a possibility that they were undetected and being bypass by securities so I can't say it is zero percent as what you said.

[strugmo]

You're wagging the dog.

Bitcoin doesn't encourage or aid in criminality.  Does a shovel encourage you to kill someone and bury a body? No. However, criminals  - especially tech savvy ones - will use every tool at their disposal, plain and simple.  These are ALL the same discussions we had with eGold.  "Is it real money?"  "Will it last?"  "Is it a tool of criminals?"  

Don't blame the technology. Blame the people who make their living stealing from others.

[jc89]

I do not quite comprehend why people are blaming bitcoin for the increasing number of crimes currently. It is not bitcoin's fault that it is much reliable over fiat, that it is almost untraceable compared to fiat, and that it is preferred by criminals over fiat. Bitcoin was not made in order to support crimes so why the hell they blame bitcoin for that? This is a complete nonsense.

[BunnyShibe]

In my country the criminality is zero percent with bitcoin as in my country the criminals are not able to regulate bitcoin as they are not educated and other users of bitcoin are educated people and they are using bitcoin for their better future and for their better country future.

i am sure that same is the case here, in my area even the actual number of bitcoin users are also very low, i do not think that in current position there will be a single criminal who may be using bitcoin for criminal activities.

[panganib999]

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

That is the some of the saddest thing about bitcoin it is being abused by some users. Using it for criminal acts. Yes criminal acts was done wayback where there is still no bitcoin but how sad that bitcoin is being acknowledge and used by many people nowadays and it is starting to boom but it is being used by many criminals and being misinterpreted for criminal things.

[SaShiRaJaVu]

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.

If there is a prediction like that then i would call them as bluff as you really can trace all the transactions done through bitcoin and so it is really not anonymous as you call it is,people who are ignorant would come to a conclusion like these,criminals will always find ways to carry on with their criminal activities even if there is no bitcoin.

[Hutalar]

Those countries who are saying that with bitcoin criminality is increased actually do not know much about bitcoin or before that they have not checked their country criminality as if they look then they will find that before bitcoin the same number of people were involve in crimes and they were using their own currency now as everyone like bitcoin and so they are preferring it so the criminals also have bitcoin which do not means that bitcoin is convincing them

[ModGirl]

it is wrong that the crimes are increasing with bitcoin. As the criminals are using their currency and any currency they find. Like if they find USD then they will accept USD and if they will find euro then they will accept euro. They accept any currency and they have their goal. We cannot blame bitcoin.

[ActiveP]

Bitcoin does not commit crime, human beings do. A lot of criminal acts have been committed using Fiat.

credit card fraud, check fraud, killing for  oil, gold and their likes. I don't hear anybody sating they are bad and should be put away.

Yes, a few people have found ways to get away with cyber fraud, and bitcoins has been exploited, due to its semi anonymous nature.  You cannot blame Bitcoin for how a tiny minority choose  to use it, the same for other financial instruments.

[uneng]

Bitcoin does not commit crime, human beings do. A lot of criminal acts have been committed using Fiat.

credit card fraud, check fraud, killing for  oil, gold and their likes. I don't hear anybody sating they are bad and should be put away.

Yes, a few people have found ways to get away with cyber fraud, and bitcoins has been exploited, due to its semi anonymous nature.  You cannot blame Bitcoin for how a tiny minority choose  to use it, the same for other financial instruments.

I agree with you. The fault will never be of currencies or objects, but of persons. Even if you forbid persons to use bitcoins they will find another way to act like criminals, they can find another currency, another method...
And bitcoin isn't impossible to track. If there are serious investigations, authorities can reach to the thieves to make them pay for the crimes.

[squatz1]

No I wouldn't believe this at all, criminal activities are going to occur with Bitcoin are not due to the simple fact that the demand is there for people who want money from activities such as selling drugs, Bitcoin MAY help to facilitate this process with more anonymity (considering you follow strict rules) Though I think Bitcoin is simply just a minor player when it comes to helping facilitate these transactions and isn't even close to other levels such as cash.


So, I wouldn't think there is any correlation between criminal activity and Bitcoin usage - that's a narrative the MSM or the government puts out to degrade Bitcoin users.

[GreenBits]

it is wrong that the crimes are increasing with bitcoin. As the criminals are using their currency and any currency they find. Like if they find USD then they will accept USD and if they will find euro then they will accept euro. They accept any currency and they have their goal. We cannot blame bitcoin.

Eh, let me temper this a little. Suffice to say I know a few drug dealers bitcoin is popular only among the most computer literate, and successful dealers. Why? Bitcoin isn't spending money folks. If you make enough illicit funds to have to hide them for the IRS, bitcoin is the most perfect vehicle for money laundering since the casino or the vending machine. But if you make enough to live well, and not save massive amounts of cash for later, cash will be your king. Not worth the conversion fee, and never worth the block chain if the amounts of money are big enough for the IRS to give a fuck. The block chain is permanent, you don't want ATF crawling a public record to make a case for you in court. These things don't occur to low level drug dealers, but for those that truly profit off of vice, operational security is key. With perfect hygiene, bitcoin provides the anonymity a dealer needs to operate and live normally. But that's hard, and the FCC just made it a bit harder.

Trust me on this one there is a reason why people where willing to use Silk Road. And I don't mean customers, I mean merchants.

[arcanayou]

Indeed, even before bitcoin was acquainted with us by Satoshi, crooks has utilized different approaches to make illicit exercises. This is the situation with fiat also. So don't point the finger at bitcoin for the expansion violations. lawbreakers will be offenders regardless. They simply discovered bitcoin and adventure its "defects". Will hoodlums be gotten it ever they utilized bitcoin. Totally. They putting a red paint of bitcoin as though those lawbreakers utilizing it can't be gotten. They are looking bitcoin in one side just and they are one-sided. They ought to likewise take a gander at how bitcoin can be utilized as a part of different perspectives monetarily, not simply in illicit exercises. i additionally observe a few explanations about this bitcoin being a reason for criminal things like medications and terrorism,they are mishandling bitcoins anonimity highlight keeping in mind the end goal to do that illicit things unreservedly

[Azkabal]

Completely agree that bitcoin has both pluses and minuses) but I believe that security can also be developed) in general the criminal side exists in all major spheres, so we are surprised at nothing (we hope that everything will be cool.

[kidmodo]

i additionally observe a few statement or news about this bitcoin being a reason for criminal things like medications and terrorism,they are manhandling bitcoins anonimity highlight keeping in mind the end goal to do that illicit things uninhibitedly

[MingLee]

i additionally observe a few statement or news about this bitcoin being a reason for criminal things like medications and terrorism,they are manhandling bitcoins anonimity highlight keeping in mind the end goal to do that illicit things uninhibitedly

Well it makes sense as to why they would talk about those things so commonly though. Since Bitcoin is something that is typically not a good thing for "business" (if you're catching my drift) and there are a lot of people in opposition to something like that, it only makes sense for it to be brought up when it is found in some illicit manner.
Bad news is good ratings news anyways. Few people want to hear that Bitcoin is fine n dandy.