Criminality and Bitcoin

[Goti]

Despite the adoption of bitcoins in individual countries, many still believe that crypto-currencies are evil and should be banned. But if we are to speak in essence, then let's be frank with each other - crime has always been, is and will be, the appearance of bitcoin on its prosperity had no effect.

[mysacrifice]

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.

Bitcoin's Global Circulation, Low Transaction Costs, Anonymous, Duty Free, Regulatory Immunity and Low Transaction Costs determine that it is vulnerable to criminals.

Unfortunately true. That is the saddest part of bitcoin together with many advantages. I even kind of believe that criminal money has a lot of impact on current bitcoin prices. As their demand grow, price did the same with that.

[Tonygold1967]

bitcoin has a lot of benefits, which make it more attractive for illegal activities, but we cannot say that existence of bitcoin leads to increasing of number of crimes, I would say it makes it difficult to investigate some crimes.

[maltize]

Recently, an article appeared in which it is proved that the percentage of bitcoins-transactions related to crime is 1%. This is negligible and one can not even talk about the connection between crime and bitcoin.

[RAMSHIVDEEPAK]

I don't think ,it increases criminal activity.evry type of currency has been used by the criminal.so it is unfair to blame Bitocoin for this.Now ,KYC is very strict in every  exchange, So it is very difficult to use bitocoin for crime.

[drukoz2]

This is another trick of skeptics against bitcoin, to create a negative image for him. Criminals use all kinds of currencies, and attributing bitcoin negativity because of this is meaningless. You will not stop using the dollar, euro or pounds, because criminals buy weapons, drugs, etc. on them.

[Lorin]

When it comes to money there is always a bad impression on it.Like here in Bitcoin because of it's increasing popularity, some make ways to show the negativity of it.
Maybe there are some who use it of criminality because of it's features( transaction is not traceable ).We never tell who use it for criminality but for me Bitcoin is useful because it helps me to earn money.

[Ponzi Shame]

Bitcoin is an open source where majority of the individuals believers of bitcoin knows this things.
But it doesn't mean we must be scare of it, of course not! Bitcoin can be use for illegal activities if the user are one of the abusers.
But if not, most often bitcoin being use to help others not to harm anyone. And I never heard that bitcoin being use in criminality ever since I started here, I don't know in the other country if that happen.

[BountyX]

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.

Bitcoin's Global Circulation, Low Transaction Costs, Anonymous, Duty Free, Regulatory Immunity and Low Transaction Costs determine that it is vulnerable to criminals.

Unfortunately true. That is the saddest part of bitcoin together with many advantages. I even kind of believe that criminal money has a lot of impact on current bitcoin prices. As their demand grow, price did the same with that.

Hmm, let me point out again that the US Dollar's Global Circulation, 100% Anonymous when in cash, non traceable when in banknotes and Zero Transaction Costs while carried inside a suitcase determine that it is even more vulnerable to criminals.

[okchain]

The decentralization of bitcoin determines its uncontrollability and its uncontrollability gives others the opportunity to commit crimes. Indeed, bitcoin needs to be improved in this regard.

[Kahoy01]

Sure the number of criminality in some countries did rise since the boom of bitcoin's popularity and value. However, bitcoin had done measures to fend off hackers and cyberthieves alike. There might be someone that has a neglective nature that might have been the cause of the incident.

[bad_apple]

It is true that as bitcoin increases, so as the criminality. Why? It is because most people take this to their advantage and use their ''hacking skills'' as their main tool in committing crimes. However, we cannot avoid these situations because there are always things such as good and bad, right and wrong. Thus, we should not be like those who commit crimes, we should be the ones who help and promote good deed among our crypto friends.

[manoj kumar k]

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

[DexterLox]

The tracking of the currency is actually null, you can not affirm or discredit the information because probably if they use the cryptocurrency to commit a crime, purchase weapons, purchase drugs, child pornography, purchase of organs and any type of crime. I do not rule it out since it's something that has manifested itself with parallel fiat coins, so blaming bitcoin seems completely absurd to me.

[PrasannaPR]

It is obvious that criminality can be increased due to the effects of bitcoin!! the reason is anyone can invest any amount of black money in the crypto world, which can be categorized as money that doesent have a method of earning.

[Rascar Capac]

This is one of the reason why many people have negative perception to the bitcoin. Some people used the bitcoin in the bad way, some of them are selling and buying drugs by using bitcoin this one of the reason why the some of the government didn't accept the bitcoin.

[Rascar Capac]

Actually by using Bitcoin then some crime can be reduced, cash will continue to be the preferred medium for criminal activity as it is more difficult to trace. All Bitcoin transactions are recorded and publicly viewable. Only the identity of transactions that can not be seen but still can be obtained with little effort.

[cizatext]

You are right bitcoin has help criminals to be able to pay for they illegal transactions unnoticed and untraceable because bitcoin is decentralized and at that the security agencies are not able to keep watch on it activities, most of the business that take place in the dark market are paid for using bitcoin and even corrupt government officials now use bitcoin to launder money out of the country unnoticed.

[HitbtcSCAM]

The biggest criminal is the USA government their website hitbtc.com stole 300k usd in bitcoin from me.
Before you talk about criminality in bitcoin world think about the big picture criminality in the world and then see who the real criminal is.
The usa government murdered 3000 people on 9/11
Then they attack Iraq for weapons of mass destruction that never existed an murdered over 100k people beause of the 9/11 atack where the us government placed explosvies in the world trade towers and used remote operated no windows, non commercial planes to fly into the towers
Then they attack afghanistan so they can plant more heroin popies and then pay us soldiers to protect them , see it online.
The oil in Iraq is now controlled by the United Nations/Illuminati scam connection

The people are the victims trying to be free, satans governments are behind all the conspiracy in the world.The people who dont believe are the sheep to be sheared

[Tsugihara]

criminality and bitcoin may hold tightly or together. Although Bitcoin may be the safest and not the most 'bad' way to use money, it does not mean that no criminals use it. Bitcoin is very useful for criminals who want to hide their criminal money . Because if they save money in the bank, the money from the crime can be easily traced.