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Author Topic: Criminality and Bitcoin  (Read 31296 times)
markk94
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January 13, 2018, 12:09:32 AM
 #1261

yeah, kinda already know it since several months ago that this popular and promising coin is used by some criminals to do their own thing. but like what you said, good and bad thing will tag along. it is currency, depends on what will people used it for.  Smiley
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January 13, 2018, 12:20:18 AM
 #1262

Criminality is one of the disadvantage of the bitcoin. They said bitcoin is using in the dark web or in the deep web to exchange in some rape,murdering,selling organs and many more. This is the reason why many country doesn't like to accept the bitcoin.
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January 13, 2018, 12:32:45 AM
 #1263

Criminality is one of the disadvantage of the bitcoin. They said bitcoin is using in the dark web or in the deep web to exchange in some rape,murdering,selling organs and many more. This is the reason why many country doesn't like to accept the bitcoin.

Criminality isn't a feature of Bitcoin and it's not BTC's fault for being used by these criminals for their illegal or shadowy transactions. What made Bitcoin connected for crimes, frauds, scams and the like were due to its feature and not 'Criminality'. Bitcoin is a digital currency that is somehow being used worldwide, it can be send or received by any person in the world without giving personal or confidential information regarding either the sender or receiver. Criminals see through this and took advantage of this feature. However, since the creation of Bitcoin, there are too many illegal activities that is happening throughout the worldwide web. It's just that when Bitcoin arrives, these activities bloom much further.
Jembut Ireng
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January 13, 2018, 01:05:01 AM
 #1264

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.
Does this means there was lesser crime when we had cash transactions? Its just creating some negative buzz for bitcoin. There are always two types of people in the world. One who use an investion as a virtue while other use it as a vice. So better be the one who you use it as a virtue. There is just one flaw in bitcoin which is its anonymity which gives rise to such suspicious activities.

LONG time ago 20 years even when bitcoin was not invented cybercrimes in uk was highest!! billions and billions losses even more ,guess so much no-one  even have not counted the actual losses!! and there was no bitcoins used at all...only pure cash !
and yes partly its correct since a lot illegal money been loundered in uk specially london...but its only speculation..
and no-one really knows what money and purpose its for only court can find out ,and it is not our right to judge anyone~!


I think it's excessive to associate bitcoin with a criminal act, without a massive criminal bitcoin and where it all depends on a person and our way of thinking, bitcoin is made not a criminal purpose but to improve the economic system.
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January 13, 2018, 01:11:00 AM
 #1265

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.
In that situation I think, the Bitcoin manager should place a security that will help to avoid hacking and using for crimes of the Bitcoin. I read something about the bitcoin currency it states that it was surely use for crimes which was use by the cybercriminals. To prevent this kind of case we must need to be prepared always and know the different principles to prevent this kind of crimes.

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Anya Doreen
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January 13, 2018, 01:14:44 AM
 #1266

Maybe, and if there are criminals who use bitcoin in their transactions I think these are the criminals who have high levels of thought and education. and I think if there are criminals like them that are using bitcoin, I think it's the criminals who have confidence in each other.

cramcram21
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January 13, 2018, 01:41:08 AM
 #1267

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.
Then the existence of money has already increased the number of criminality .
Criminals use's everything that can be converted into money so basically they are also using gold and other currency .

Hotel_Prodeo
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January 13, 2018, 02:18:50 AM
 #1268

When the banks closely monitor the money circuits there is an anonymous bitcoin, of course the most feared police officers and the government is because of anonymous bitcoin so that everyone is free to store and transact without need of identity so that criminals use bitcoin for transactions.


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ehrz22
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January 13, 2018, 02:40:48 AM
 #1269

To be honest, bitcoin is partly connected with criminal activity, there are criminals who, for illegal activities, they hide their cash flows, evade taxes  Roll Eyes

Is it proven now? Maybe there is a high percentage now that criminals are hiding their illegal activities using bitcoins as their payment processor. And I am sure a lot of them that is now aware of using bitcoin will be encourage to use it once they learn about it.

marroxas
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January 13, 2018, 02:42:08 AM
 #1270

You could say bitcoin into a virtual currency because bitcoin is stored in the form of digital files that are called with the wallet. In use, this wallet file is similar to the function of the cash storage wallet. Wallet files that are stored on hard disk or other electronic equipment are very susceptible to damage. Not only that, the virus can also attack the hard disk that can make the bitcoin stored just like that. In fact, this digital can also be retashed even stolen through malware. Not to mention if the contents of the hard disk owner bitcoin deleted accidentally. It will be more painful than loss of cash, because lost this wallet file you can not catch this bitrain.
cepedacharles29
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January 13, 2018, 02:43:41 AM
 #1271

Criminals can enter the bitcoin they can steal your earned money when you're about to withdraw from course that will help them to get your cash withdrawn money. And In mid-May, countless people across the world were attacked by a malware program that locked their computers and demanded money to unlock, in an attack dubbed WannaCry. The attackers received thousands of dollars in the form of Bitcoin.
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January 13, 2018, 02:59:14 AM
 #1272

Right. In our society today, probably they're some criminals who do bitcoins to invest or hide something they got from doing illegals. But as much as what do right people do, I think we should be aware not be scammed by these people.
 
Criminals can enter the bitcoin they can steal your earned money when you're about to withdraw from course that will help them to get your cash withdrawn money. And In mid-May, countless people across the world were attacked by a malware program that locked their computers and demanded money to unlock, in an attack dubbed WannaCry. The attackers received thousands of dollars in the form of Bitcoin.
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January 13, 2018, 03:06:00 AM
 #1273

in many aspects of life there must be people who do evil, especially in the world of currency, various ways bad people will find opportunities to steal or deceive for the sake of his personal interests. with careful caution and strict tech support and security our transactions will be well preserved.
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January 13, 2018, 03:18:17 AM
 #1274

No one will dispute that fact that bitcoin has lead to the increase in criminal and criminality, what ever that has an advantage also have a disadvantage as bitcoin has help criminals to carry out they activities in notice so is also the bank and so many other financial institutions. But the fact still remains that due to the decentralized mature of bitcoin criminals will fine it as a safe heaven for the illegal payments for arms, drugs and even corrupt government officials will choose bitcoin to launder money out of the country unnoticed.
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January 13, 2018, 03:23:00 AM
 #1275

No, I don't think so that due to bitcoin criminality is increased.
Criminality is directly proportional to a money and BTC is a money and it depend on the user of money that how he want to use his money. While some people are thinking that people are using BTC for criminality while its not true. Because criminal can use any currency for criminality if they have.
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January 13, 2018, 07:06:58 AM
 #1276

I think not only bitcoin being made access or a means of crime and even any aspect there is always a side of crime in it, maybe the future bitcoin will have or apply rules that can reduce the number of crimes using bitcoin.
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January 14, 2018, 10:02:10 AM
 #1277

I think not only bitcoin being made access or a means of crime and even any aspect there is always a side of crime in it, maybe the future bitcoin will have or apply rules that can reduce the number of crimes using bitcoin.

Crime will always be there no matter what currency there is. Criminals will always find ways how to transact with their illegal activities. Even in fiat money, there is rampant illegal transactions out there and it is not the fiat money concern to eradicate it but the enforcers of the country - same thing with bitcoin, it is not the one who deals with criminals but the enforcers.
andrei214
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January 14, 2018, 11:49:50 AM
 #1278

Maybe bitcoin helps to decrease unemployment rate in a country.It gives the opportunity to people to have work and gain money.But bitcoin are still a currency which are can be use in crimes and other rule breaking activities which involves the usage of money or bitcoins.

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January 14, 2018, 04:47:15 PM
 #1279

No, I don't think so that due to bitcoin criminality is increased.
Criminality is directly proportional to a money and BTC is a money and it depend on the user of money that how he want to use his money. While some people are thinking that people are using BTC for criminality while its not true. Because criminal can use any currency for criminality if they have.

The crime was before Bitcoin and will be after Bitcoin. I do not see a connection between Bitcoin and the growth of crime.
Government just afraid of bitcoin and try to find some labels to put in Bitcoin.
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January 14, 2018, 04:58:24 PM
 #1280

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.
Yeah Its balance for every action there is a opposite reaction same for the bitcoin. Bitcoin will help the people but it will also help the criminals in the cyberworld. It is a balance effect because if we upgrade the criminality will also upgrade. Vice-versa effect, by the way bitcoin is being us by the criminals in the deep web way back 2009 to transact with other.
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