Criminality and Bitcoin

[tyronecoinbit]

Bitcoin offers anonymity which is a safe haven for people with malicious intentions. But IMO, it doesn't matter whether bitcoin has this feature or not since people will still use it for criminality like how fiat are used too in illegal transactions.

Bitcoin has become the currency of choice for cyber criminals. Because of its anonymity, many criminals are attracted to use bitcoin for their illegal activities. That is why in other countries, their Government ban bitcoin to avoid more illegal activities. Although, there are a lot of criminality around the world even without bitcoin. And as for me, you can't really avoid crimes even if you ban bitcoin. Criminals will find more ways for them to able to continue their illegal activities.

[HalfDeck]

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.

Indeed bitcoin can be used for crime. With bitcoin's value, a lot of heinous activities can be thought of. Like smuggling and drug dealing, there are lots of crimes that can be incorporated with bitcoin. I guess we just need to have the initiative to report it.

Before Bitcoin released, which currency the offenders use for payment? Dollar or other currencies? Why do you just blame the cryptocurrency world while there are many people using FIAT for crime? Remember, Bitcoin or FIAT are currency and the primary function are help us transfer money.

[FrankGismo]

That was expected because why should people not be a criminal in bitcoin? bitcoin is worth 7.2k it should already have like a couple of thousands hackers and criminal after it but the joke is they cannot do anything much if you know how to secure everything very good.

[ABIR HASAN]

BTC is very popular in any other country. So Bitcoin cannot be used with any kind of criminal activities. But we can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.

[ruslango]

Is caused by the huge number of men and women who feel that Bitcoin is anonymous, when in reality Bitcoin is so opposed to it - all transactions Bitcoin transparent and everyone in the world can see the ongoing Bitcoin transaction. People could not be capable to hook up a certain personal identity to a Bitcoin transaction right (this is why at times Bitcoin is also called pseudo nameless), but if they locate it, then they can see all the transactions you have accomplished on the Bitcoin community. This is why Bitcoin is the incorrect way if you use it for things that are not correct.

[Astvile]

it's not surprising that criminal activities increased after the release of cryptos. its because crypto offers fast transaction than fiat, anonimity and it cannot be counterfeited

[Kotone]

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.

Aside if there would be a scientific for this then this is just conjcture. However if you think about it logically then it might be that there is a world wherein criminals can use the pros of bitcoin or cryptocurrency for doing their dealings as it is something that can be exploited

[Joyawan13]

crime is already there when bitcoin has not appeared, and I think it's not true that bitcoin is used as a criminal reason, here we help each other and exchange experiences, because now we can recognize it. each other and helping each other, for example there are people who commit crimes, it is the person whose responsibility is less.

[lagista]

crime is already there when bitcoin has not appeared, and I think it's not true that bitcoin is used as a criminal reason, here we help each other and exchange experiences, because now we can recognize it. each other and helping each other, for example there are people who commit crimes, it is the person whose responsibility is less.

I agree with you that criminals are already there before bitcoin appears, here maybe a crime involving bitcoin is a hacker case that befell many participants because the hacker's actions cause a lot of losses.

[Aryanto28]

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.

If you say believe or do not believe in the criminality that associates bitcoin in it, we all know and hear it from the news that has been circulated. If the news spreads then it can not be said not to believe it. But we also can not blame bitcoin at all because bitcoin is a tool used for criminality used and bitcoin is not its suspect. If bitcoin is used for good use then bitcoin is not bad in the eyes of the law.

[ramayor]

We all know that trading bitcoin has this total transaparency. Anyone could buy or sell anything with btc and never be tracked. But still, criminals cant't hide. The majority of Bitcoin users are law-abiding people motivated by privacy concerns or just curiosity. But Bitcoin’s anonymity is also a powerful tool for financing crime: the virtual money can keep shady transactions secret. But great computer scientists and masters of bitcoin make actions to know the criminal's entire financial history public information.

[Epimetheus]

Criminality and Bitcoin are 2 interconnected thing. They are linked with each other. Antisocial people use bitcoin for their criminal activities. Money laundering type serious crime are done by the help of bitcoin and also illegal money transaction between terrorist organisation and criminal people because bitcoin provide safe untraceable transition between Clint and owner without involvment of third person like bank, government. Kidnapping, child pronography, bomb blasting, murdering type other criminal activities also associated with bitcoin.

[Mersterious]

Not all people are criminals just a lot of greedy money

[CryptoMoar]

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.

everything give negative and positive side. like bitcoin, will give you 2 perspective.
people will use very efficient, i dont know for what. but it can use to helping people around or use to criminal

[perrysaico]

With or without Crypto, people will always find all means to do crime.

[nandasiri]

Bitcoin is made to be a tremendous step ahead to make funds safer and may also act like a substantial security against any kinds of financial crime. For example, bitcoins are fraud-safe. Users have the complete control over their transactions and are not able to receive unapproved costs like credit card scams. Bitcoin exchange transactions are irreversible and safe from fraudulent chargebacks. Bitcoin exchange enables money to be protected against identity theft and loss using strong and beneficial mechanisms like backups, encryption, and many signatures.
Some issues has been brought up that Bitcoin might be more attractive to scammers mainly because it may be used to make personal and irreversible payments. However, these features are already available with cash and wire transfer that are commonly used and well-established. The usage of Bitcoin for exchange will definitely be exposed to similar restrictions that had been available in current financial methods, and Bitcoin is unlikely to stop criminal findings from being carried out. Overall, it is popular for crucial discoveries to be thought of as being debatable before their advantages are very well recognized. The Internet is a great sample among others to illustrate this.

[Sale_man]

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.

Bitcoin name was tagged to some criminal activities and business in it's early days and was called "criminals paradise" due to the smooth transactions he ensured and the unfamiliarity of authorities with it thus making it the perfect crime tool for lots of drug lords and criminals since they didn't need to get out of the dark any more and remain anonymous literally . But even if it increased criminal products deals i'm pretty sure it did a good thing such as reducing gang related violence due to the less physical contact whenever deals were made .

[cryptomato]

Bitcoin offers anonymity which is a safe haven for people with malicious intentions. But IMO, it doesn't matter whether bitcoin has this feature or not since people will still use it for criminality like how fiat are used too in illegal transactions.

Bitcoin has become the currency of choice for cyber criminals. Because of its anonymity, many criminals are attracted to use bitcoin for their illegal activities. That is why in other countries, their Government ban bitcoin to avoid more illegal activities. Although, there are a lot of criminality around the world even without bitcoin. And as for me, you can't really avoid crimes even if you ban bitcoin. Criminals will find more ways for them to able to continue their illegal activities.

Unfortunately that is true. I even believe that the fact that bitcoin is rising very fast has reasons behind it and that reason is the black world (criminality, drug traficing etc). Anonymity of bitcoin is playing very important role for this.

[mardaed]

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.

Bitcoin is one of the liquidity source today, may be its centralisation, currency, acceptance, regulation is a lateral part. People might choose bitcoin mode for demanding but bitcoin itself is not a criminality and with or without crypto, people can find other ways for criminality.
Criminality might happen by any other ways not only with bitcoin mode. It's just based on what way the criminals choose.
However before bitcoin also criminality existed and the hackers taking a key role in choosing bitcoin as their mode of transaction for demanding, hackers demanded even hospitals, top organisations etc to make the payment through bitcoin to avoid hack.
Bitcoin even helping many people around, it's a great platform that many getting benefitted through bitcoin even comparing to the government services to the people, we strongly say Bitcoin is for the people and it is regulated with the demand of the people in economic principle such as demand and price.

[bakunawaaa]

I wouldnt say increase. Its more of it made it easier for them and made it harder for the authorities to apprehend them. The number of criminals is difficult to estimate at the same time, you cannot gauge the direct correlation of such an increase to crypto.