Crime funded by bitcoin

[vvong]

Bitcoin is not the perfect tool for criminals. Because as soon as they move their money, it will hit the news. FBI,CIA will track them, down! They can't spend it easily, they can't go to the banks. Stolen bitcoins are pretty much dead coins.

[vinceey]

They use Bitcoin for transaction that's why there's a lot of illegal activity or transaction online.. bitcoin is a black market coin and soon people will recognize it!

[Bitshan]

Bitcoin can be seen, so it is not anonymous. But there is a crypto currency which is totally anonymous, it is called Zcash,Monero and verge with that coin you can't see who and where the transaction accepted. No doubt  this coin can be used for some illegal activity.

[Senpai17]

i am not sure how true those things are and how they are going to work,either way it is an interesting concept. i would care less if crimes are funded by bitcoin concoin or fiat,if the legal system is strong the criminals will be caught no matter what method they use.
It has a high possibility, because of it's anonymity and price, no one would be declining the offer. And even these criminals used bitcoin as a payment to the crimes they commit,we can't stop them from doing so.

[btc-facebook]

people are using bitcoin for good and bad, many people assume that bitcoin can carry out a crime transaction, and that could weaken the bitcoin

That's why my government still forbid bitcoin usage since bitcoin can be use for corruptor or money laundry since bitcoin is untraceable and anonymous
My government want to regulate bitcoin in order to prevent criminal things get worse but for now people able to use bitcoin but with their own risk

[lionheart89]

the title you made is incorrect, should be 'bitcoin used to found crime'.
excess bitcoin can be sent anywhere via the internet without going through a bank or delivery agent. can be used in any country and can not be frozen. that is one factor that makes bitcoin used to found crime.

[Dexion]

I do not believe it before there is real evidence to show that statement .. !! but it is also possible to happen, sometimes bitcoin is used by criminals because of its security that can not be traced, maybe back to the user .. for what bitcoin is utilized ??

[senne]

Without any doubt I can say Yes, Bitcoin will be a great help to criminals because of its anonymous nature. Now criminals just need to give their address and the money will be transferred in their accounts, due to this it is becoming highly popular on dark web. It will promote the criminals and thing like  kidnapping, killing, extortion, ransom will increase. Also in the recent WannaCry ransom made use of Bitcoin as a payment. So, yes Bitcoin can help and boast crime.

[Wingo]

This is happening. This happens when bitcoin is used by a person who does not have a righteous thinking. Have you watched the series Mr. Robot, there is a particular episode there where a site that sells drugs, guns, and children for pornography and it is funded by bitcoin. But in the end the site was discovered by the police because it was revealed by the main character. There are two types of bitcoin users, the responsible one and the unrighteous, and we all should be the responsible one.

[Dhaaaw]

Yeah Bitcoin can be used to fund crimes because of it's partial annonimity, but criminals are criminals they won't stop doing what they do just because bitcoin is banned they will always find other ways so thinking that bitcoin is making it easier is just wrong.

[djkyno]

Since Bitcoin was ever released, I've thought of the possibility of this. Will crimes be easily funded now due to bitcoin and it's anonymity? How do you think the authorities will combat this? Will this lead to a decline in the price of bitcoin? I've had this on my mind for a while now and I would like to hear your guys opinions.

I think Bitcoin is known since its creation as a decentralized and anonymous crypto currency, and this fact wasn't leading to a decline in its price , but to high rising. Fiat is also used (and a lot more than Bitcoin) to funding the illegal crimes.

[J Gambler]

This is happening. This happens when bitcoin is used by a person who does not have a righteous thinking. Have you watched the series Mr. Robot, there is a particular episode there where a site that sells drugs, guns, and children for pornography and it is funded by bitcoin. But in the end the site was discovered by the police because it was revealed by the main character. There are two types of bitcoin users, the responsible one and the unrighteous, and we all should be the responsible one.

We cannot avoid that. We are given a freewill on where are we going to use bitcoin, on whether for good or for bad. But it ot depends on us. We should learn our limits. We should be responsible on our actions so that we will not regrets the thing that we are going to be done. All in all just be responsible.

[donGeilo]

Yes , bitcoin is being used by many criminals. Bitcoin is a very good platform to perform some criminal activities by opportunists. The identification of bitcoin user is hidden so many potential crimilnals use the bitcoins in order to get ransoms after hacking or doing some other criminal activity.
Criminal activities associated with bitcoins has led to the negative publicity to a great extent i.e one of the main reason why governments are not ready to accept bitcoins as a mode of currency.
Till the time bitcoins will stay criminal activity is going to stay with it as the anonymous feature of bitcoin is inveitable to all this.

[Pumapipa]

Hmm. Your post made me think too. But if you come to think of it, it can be possible because of the anonymity and the big bounty that ine can get from campaigns. This can be used as a source of funsing for terrorist groups as well. Imagine the hierarchy of it. One group is for combat while the other one is the one getting funds or finding ways for funding like bitcoin. Everything is possible. But i guess the secure part of it is the ID system for online wallets.

[Flodemaga]

Bitcoin and any crypto coin can be used for good things as well to bad things, remember that the fact it being digital doesnt means people will use it for good things just, bitcoin and crypto are into the same situation as fiat for several years, being used and abused intot he ilegal schemes, and it wont change no matter what a country try to do to forbid.
Bitcoin can be traced to the adress, even not being able to frozen the coins something that can be done with the banks, sure crypto has some advantages that can be used for ilegal purposes.

[xCryptoManiaX]

I don't see Bitcoin being the problem, there was gonna be something like this eventually.

[Zeveru1001]

Bitcoin truely does support some criminals because of the most illegal part of it known as deep web.

[Zeveru1001]

I don't see Bitcoin being the problem, there was gonna be something like this eventually.

Yes but in fiture there may be some serious problems in bitcoins as they are the major currency in all the illegal needs like selling or buying drugs, etc. It is not safe perhaps then.

[yangjun1991]

A lot of crimes are being committed on a daily basis by using local currencies as medium for payment. I guess bitcoin is not immune to that and you can definitely say that it is another option that criminals the world over can make use of. But we have to understand that all currencies or anything that has value can be used as an instrument in committing any kind of activity, be it legal or otherwise. It is us humans who decide whether something is bad or good and we are naturally born to do some bad things from time to time, especially that the tools for doing so are just at our disposal.

[godfredmanu]

Yes it is highly possible for crime to be funded very easy than normal banks services. That is the main reason why government is doing everything to regulate and discourage bitcoins use. It will be very hard to trace crimes funded by bitcoins.