mevmike
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October 17, 2017, 06:54:58 AM |
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for me the one that made bitcoin really expensive nowadays was its usage in illegal activities. many have said that bitcoin during its early ages wouldn't have become popular if not for the use of it in crimes. therefore it is absolutely true to say that bitcoin is indeed used in crimes not only in the present day. but also in the past and will be in the future.. "
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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Images21
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October 17, 2017, 07:06:26 AM |
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Yes, bitcoins are now being used in crimes. But I would just like to remind all of you guys that it is not the fault of bitcoin. Crimes will always do whatever tools they can to make whatever it is in their minds successful. These are people who can easily set aside and trample upon virtues and morals. They don't care much about anything except their shit motives.
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criz2fer
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October 17, 2017, 04:01:53 PM |
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Crimes are not only in bitcoin present. Of course anyone can use bitcoin then it can also be use crime specially for transfer or paying money which are not being detected or traced. Good and bad are present in everything, bitcoin is not an exception to it.
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EddyGameta
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October 17, 2017, 05:21:44 PM |
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Since Bitcoin is decentralized and can be used without proper identifcation, it has been used in crimes eversince it was created. Let's not judge it because of that. Let's look on the brighter side. Bitcoin is now giving hope to people and helping them to reach their dreams. It is teaching us the alue of investing.
You’re right, actually bitcoin is created with a very noble purpose. Bill Gates once said that with the bitcoin existence it can help to reduce poverty in this world, and the problem is there are still people who misused bitcoin for crime and scam that can incur losses to the victims . many poor people have helped by bitcoin, become better in financial because of additional income from bitcoin
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hovrah
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October 17, 2017, 05:26:34 PM |
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Since Bitcoin is decentralized and can be used without proper identifcation, it has been used in crimes eversince it was created. Let's not judge it because of that. Let's look on the brighter side. Bitcoin is now giving hope to people and helping them to reach their dreams. It is teaching us the alue of investing.
You’re right, actually bitcoin is created with a very noble purpose. Bill Gates once said that with the bitcoin existence it can help to reduce poverty in this world, and the problem is there are still people who misused bitcoin for crime and scam that can incur losses to the victims . many poor people have helped by bitcoin, become better in financial because of additional income from bitcoin we must understand that if Bitcoin is very heavily involved in the underworld, law enforcement agencies will be very interested in crypto currency for buying or selling illegal drugs or guns. And it can very hard to hit the user.
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BITDV
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October 17, 2017, 06:10:10 PM |
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actually it’s not just bitcoin can be used as a tool for crime, the government’s fiat money is also used ass tool for crime, so either we want or not we have to accept the bad news about bitcoin because there are many people who still misuse the bitcoin. I've also read a thread with a title bitcoin is used to buy drugs and I hope governments in the world who have accepted bitcoin can prevent crime by using bitcoin.
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2bfree
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October 17, 2017, 06:17:11 PM |
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Cash is used way more in crimes then BTC ever will !
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Evilmorty69
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October 18, 2017, 11:59:44 AM |
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Yes, I know that a lot of people are using btc for selling drugs or even worse. But the point is that government can not ban it because it’s oblind money and it’s so hard to track it.
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rey.fudz15
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October 18, 2017, 12:00:41 PM |
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There are a lot of cases that bitcoin has been use for illegal transaction and i think that is one of the reason why it is being thought as a scam by most people.
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hypersonic1
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Endless Horizons!
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October 18, 2017, 12:05:41 PM |
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Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
Look, most of the money in your wallet is coated with trace ammounts of illegal drugs. Diamonds that end up o our streets are traded for the deaths of child soldiers in Africa. basically everything has a bad element to it. To keep associating Bitcoi with drugs is to ignore the fact that criminals simply use any means that works and Bitcoin is only 1 part of that.
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prehisto
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Your Data Belongs To You
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October 18, 2017, 12:14:55 PM |
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Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
First of all there is no "NOW" in bitcoin usage in illegal activities. Also there are several levels of illegality so to speak since , you can speak of illegality when people do not pay taxes from their bounty campaigns also. Second " with complete anonymity " bitcoin does not give you complete anonymity. There always be some DarkSide of any currency. I think that worst thing about BTC and alt-coin use is that nations like NorthKorea can use them to bypass International sanctions.
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rodel caling
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October 18, 2017, 12:16:08 PM |
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I agree with you, although reluctant to accept it, I have to say that there are a lot of transactions in bitcoin traders, such as the Silk Road website. It is one of the base currencies of the dark net. I can only hope that the users of bitcoin will become more civilized and welcome this peaceful era.
this issue bitcoin are now used in crimes are not good for the cryptocurrency reputation i suggest need to study how to prevent bitcoin used by the criminals people, i think have an solution to resolve this problem to kickout the criminals into the crypto world.
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Kotone
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October 18, 2017, 12:17:40 PM |
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Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
OF course they are it was only a matter of time when the criminals or the syndicate heck the mob figured out how to integrate this into their schemes. With bitcoin it is digital fast, paperless almost gives off no trace and can be accessed anytime which is very perfect for them.
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Xenrise
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October 18, 2017, 12:20:32 PM |
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Actually this is not the time where this certain matter occurs. In fact, the main currency in deep web is the main cryptocurrency we've known. Bitcoin. Bitcoin is the currency in which they use in buying drugs and Etc.
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Flor1982
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October 18, 2017, 12:22:43 PM |
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Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
That is why some nations are unified thinking of bitcoin adoptation in their country because beside of advantages of bitcoin is also used by bad elements as disadvantages but other nations who supported the bitcoin they just find ways by regulating their exchanger and the ICO to address these problems and some nations decide to ban bitcoin to ensure the safety of their nations and to protect the welfare of their people.
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smith136
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October 18, 2017, 12:23:37 PM |
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Actually this is not the time where this certain matter occurs. In fact, the main currency in deep web is the main cryptocurrency we've known. Bitcoin. Bitcoin is the currency in which they use in buying drugs and Etc.
It looks like you are contradicting yourself yes, bitcoin has been the most popular mode of payment because of its anonymity and very secured from the other party you are dealing with, and besides I think they chase the gain they get from accepting bitcoin due to volatile feature of it.
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bitcampaign
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October 18, 2017, 12:39:12 PM |
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Indeed bitcoin is not directly used in crime because bitcoin is difficult to track with allegedly prohibited purchases of banned substances so bitcoin can also make the lives of bitcoin users and only wrong people use bitcoin as a crime tool they use and why in every country do not accept bitcoin and it is still illegal because every government will be afraid of abusing by buying illegal drugs or buying weapons they use for crime.
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Slipknot79
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October 18, 2017, 12:43:46 PM |
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All money - not just Bitcoin is used by criminals. Just a cold fact of life.
It's not about Bitcoin - its just about money.
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Jordan_Hodge
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October 18, 2017, 12:50:59 PM |
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Although today Bitcoin is quite anonymous I think in a few years time we wont think of oit like that, rather, as a fully transparent method of moving value. Check out this organisation - looking to track your BTC https://blockchaingroup.io/
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qwertyuiop0987654321
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October 18, 2017, 12:56:13 PM |
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Exactly! Some crimes are fraud, scams. Have you heard ransomware? Some ransomware payments are made via Bitcoins. If your computer is affected by ransomware, your files will be encrypt and before you can get back your files or be decrypt it. You need to pay hackers some amount of money, some payments are made via Bitcoin.
Bitcoin is now used in different crimes such as scams, etc. Some people kidnapped someone whom has an account in BTC and ask for it intentionally. They were getting what they want through harassment. Some people steals BTC. Lastly, that what they so called ransomware wherein you need to pay via BTC as a ransom at certain something.
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