geniabelty
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August 19, 2017, 05:35:18 AM |
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Syndicates and Criminals are well equipped of information about Bitcoin, In which they could use to transact under the radar. Decentralization and Anonymity is an advantage for them and abuse it. They can freely do whatever they want and they are total in control of their money without the Government interfering them.
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carlisle1
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August 19, 2017, 05:42:51 AM |
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Syndicates and Criminals are well equipped of information about Bitcoin, In which they could use to transact under the radar. Decentralization and Anonymity is an advantage for them and abuse it. They can freely do whatever they want and they are total in control of their money without the Government interfering them.
they are using this as an advantage since decentralized will help them doing their evil act but who can control it even fiat can be use in illegal activity criminals will do what they seen an opportunity, bitcoin is currency and it will served its purpose even if criminals will use it.
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nuela
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Blocklancer - Freelance on the Blockchain
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August 19, 2017, 06:32:10 AM |
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Many who already use bitcoin as a crime like drugs they do and terrorism do, they abuse the anonymity feature of bitcoins to do illegal things freely. With the wrong use bitcoin then we all hrus more heart again again to people People around us.
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PokerFace3
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August 20, 2017, 08:32:59 PM |
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Syndicates and Criminals are well equipped of information about Bitcoin, In which they could use to transact under the radar. Decentralization and Anonymity is an advantage for them and abuse it. They can freely do whatever they want and they are total in control of their money without the Government interfering them.
they are using this as an advantage since decentralized will help them doing their evil act but who can control it even fiat can be use in illegal activity criminals will do what they seen an opportunity, bitcoin is currency and it will served its purpose even if criminals will use it. Well, I have news for you then! FBI has tracked down illegal activities of Ross. He misused Bitcoins. Pathetic of him! As far as, we do not indulge ourselves in wrong deeds, we can enjoy bitcoins but now don't get the wrong idea that you are being traced also. You see, people like Ross are the most wanted and FBI has been chasing him for years now. Nobody is gonna snatch our facilities from us until we make a wrong move first.
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cybersofts
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Merit: 284
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August 20, 2017, 10:02:01 PM Last edit: August 20, 2017, 10:13:42 PM by cybersofts |
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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. One man's tool is another man's weapon. When internet was invented some perverts introduced porn online. And you can't blame the internet for the guys that puts porn online. That is same thing bitcoin, you can't blame bitcoin for some criminals. Bitcoin has more advantages than all of these negative thoughts that you lazy police have.
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gundala
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August 21, 2017, 02:28:43 AM |
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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. Yes I agree with you. Whether used for good or not depending on the user. It's just that today many are using bitcoin technology for crime, as the case of HBO hacked and hackernya request ransom of bitcoin.
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Dhaaaw
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August 21, 2017, 03:28:04 AM |
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Of course bitcoin and crypto currency has increased the amount Of criminalitynin certain countries and areas.
The internet alone and the darknet have also contributed to a rise in criminaliy
I couldn't disagree more with what you said. People are either criminal or they're not and cryptocurrency or the internet or anything cannot make someone into a criminal they just expose them to the outside world. It's kinda what they used to say in the media about the violent video games, well i spent all my childhood playing GTA and counter strike and i'm still a peaceful guy that wouldnt hurt a fly.
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bitcoinorcash
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August 21, 2017, 03:41:34 AM |
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Yes bitcoin may be considered as a contributor to criminalities but,you cant change the fact that fiat money is also used more in different criminal activities such as trades and exchanges of different illegal products.
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ocid
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August 21, 2017, 03:58:46 AM |
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Criminal acts always follow the development of technology and even criminality can be more sophisticated than existing technology, it causes one of the deficiencies in bitcoin that can be used by anyone, including those who commit crimes they can take advantage of the features of bitcoin, and even misuse the bitcoin function.
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ufaiz50
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August 21, 2017, 03:59:30 AM |
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Syndicates and Criminals are well equipped of information about Bitcoin, In which they could use to transact under the radar. Decentralization and Anonymity is an advantage for them and abuse it. They can freely do whatever they want and they are total in control of their money without the Government interfering them.
they are using this as an advantage since decentralized will help them doing their evil act but who can control it even fiat can be use in illegal activity criminals will do what they seen an opportunity, bitcoin is currency and it will served its purpose even if criminals will use it. Well, I have news for you then! FBI has tracked down illegal activities of Ross. He misused Bitcoins. Pathetic of him! As far as, we do not indulge ourselves in wrong deeds, we can enjoy bitcoins but now don't get the wrong idea that you are being traced also. You see, people like Ross are the most wanted and FBI has been chasing him for years now. Nobody is gonna snatch our facilities from us until we make a wrong move first. using bitcoin for criminal activity is not completely able to go smoothly because as he said we are always being watched by tracking our transactions (Relayed by IP ). the criminality can be done using any currency just only bitcoin BTC not fully known by many people and because decentralized for the laity maybe it is a good tool for it.
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jamids
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August 21, 2017, 04:06:34 AM |
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Yes bitcoin may be considered as a contributor to criminalities but,you cant change the fact that fiat money is also used more in different criminal activities such as trades and exchanges of different illegal products.
This is one of the reasons others use to discourage others from using bitcoin because they would give the example of how bitcoin plays a role in some of the illegal activities so for someone who doesn't know anything about bitcoin, it would be his presumption that bitcoin is use for illegal means and would reject the possibility of being involved with it. If someone would just research further then he will know bitcoin is more than that. Fiat is more use in criminal activities because most of the small time criminals would prefer instant money.
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JanpriX
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August 21, 2017, 04:11:33 AM |
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We are aware that many criminal activities happening right now involved BTC as their mode of payment but people should open their minds about this notion. We all know that criminal acts are there even before BTC was created. People should not just allow others to tie BTC to all the criminal activities in the world. What's happening right now just proves that our government is way behind with their solutions to solve these problems. And we, the community should just provide information to the world that BTC's main purpose is to do good and not the other way around.
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GrayFullbuster
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August 21, 2017, 04:12:28 AM |
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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. Many Idiot people using bitcoin in a bad way like buying drugs, illegal weapons and fire arms and also different organ of human body. I saw it in a site of a deep web, the payment that is using is bitcoin. That is one of the disadvantages of the bitcoin.
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seattletu
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August 21, 2017, 07:32:18 AM |
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Bitcoins are not really anonymous, There are open records that track the spending of bitcoin.
However there is a component of protection engaged with the crypto currency and also it being difficult to fake, insusceptible to deceitful charge backs and exchanges being irreversible. This, and also the money being worldwide, have prompted worries that it is an alluring cash for criminals.
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8Habits
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August 21, 2017, 08:42:03 AM |
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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.
I have a normal idea about it. In world criminal activities are increasing day by day. Most criminal are used bitcoin. Actually they can not use bitcoin ,they abuse bitcoin. Now, in my country criminals are abuse bitcoin. It,s very harmful for any country. Bitcoin is a trusted site, so don,t abuse it. I don't understand, you mean people that are criminal in your country are abusing bitcoin and can not use it? I guess what you are trying to imply is that criminals are not using bitcoin for normal good transactions and instead they use it for illegal transactions, right?
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syaripudin
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CryptoTalk.Org - Get Paid for every Post!
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August 22, 2017, 02:52:41 AM |
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Bitcoin is a very promising form of investment. This is what makes criminals commit criminals dibitcoin, some very great features in bitcoin is certainly very profitable for everyone. And this does not rule out the perpetrators of criminals will take advantage of existing features in bitcoin to make transactions for crimes they committed. The many forms of criminalization of the existence of bitcoin certainly must diwaspadi by bitcoin users, lest we lose the actions of criminals who can harm us.
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HasHe
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August 22, 2017, 05:57:54 AM |
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Already,there is an accusation against bitcoin that its widely used for illegal activities.now,adding fuel to the fire,some critics say that cyber crimes are being unded with bitcoins and bitcoins have become the first choice of cyber criminals for payment.They like it due to its anonymity but i don't understand why they would choose bitcoins since it is only pseudo anonymous.but it is said that to trace such bitcoin transactions beyond boundaries abroad is not possible.Bitcoin gaining popularity and big companies accepting it as a payment has attracted the attention of all towards bitcoin.Bitcoin is a new currency and so cyber crime laws must be improved to avoid such uses.But just as USD is used for funding crimes,same is the case with bitcoin and bitcoin could not be blamed in any way for such activities.
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masterwakokok7
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Activity: 112
Merit: 10
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August 22, 2017, 06:22:29 AM |
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I will not be shocked if it's factual or not. Bitcoin's decentralization and anonymity attract syndicates and/or powerful people/families, to transact under the radar of the Government. Being anonymous would give them an edge to freely do their dirty works and they have total control on it, also this is an advantage towards their competitors. Plus, These syndicates are now working with advanced technology and the fact that they have access on the web they could easily adapt to a better payment and transaction system which is Bitcoin. They could manipulate it if they want to, and nothing could stop them.
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Juggy777
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August 22, 2017, 06:29:46 AM |
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Bitcoins is getting a bad name and it's nothing that's it has done to get it, it's due to Game of thrones, the alleged Mr Smith, has demanded 6 million in Bitcoins and every time leak news comes, people are highlighting Bitcoin and sooner or later we are going to see a major anger of people directed at us, Bitcoin users. So many of my friends have taunted me that's it's bad and one should not use it and I am really worried that the hackers are really spoiling the name of Bitcoins.
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mostkey
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August 22, 2017, 06:31:22 AM |
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I will not be shocked if it's factual or not. Bitcoin's decentralization and anonymity attract syndicates and/or powerful people/families, to transact under the radar of the Government. Being anonymous would give them an edge to freely do their dirty works and they have total control on it, also this is an advantage towards their competitors. Plus, These syndicates are now working with advanced technology and the fact that they have access on the web they could easily adapt to a better payment and transaction system which is Bitcoin. They could manipulate it if they want to, and nothing could stop them.
A bitcoin facility that can make users anonymous is very beneficial to many, including high-ranking state officials who want to launder money, and this will be very profitable for them in many ways either through their transactions or the sending and receiving that will not be known to anyone
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