Bitcoin Are Now Used in Crimes

[erickkyut]

Not just now but even the early years of Bitcoin, it is already being used in crimes. One of the characteristics of Bitcoin is being decentralized and anonymous. That is why it is being used in crime. In fact, it is one of the most used mode of payment in deep web and the black market according to what I have read.

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[nkarm1]

This is one of the setbacks of decentralization, but let's just don't focus on this thing. Because bitcoin so far has so many advantagee compared on those things. In this world criminals are likely won't be eliminated on every fields so we have no other choice but to accept that. Despite all of those things bitcoin is still amazing because of decentralization, because we are free from corruption of some greedy middleman out there.

[taxmanmt5]

Everything may happen, but do not look at the bitcoin from the negative side, the positive side of bitcoin is also very much. Such as helping us who hate the current bank system, taxes and other things.

That's the main reason why some people hate bitcoins. Anyways there's some more people who use bitcoin for some money laudring Drungs also in porn sites. Most of people are scammer because they no there's no identity required in order to pay. Just single click and your money sent.

It can decrease the use of bitcoin in our society. Countries may banned bitcoin like china does. But everyone know about this fact that nobody's can control bitcoin and no one can completely end the bitcoins.

[Gasotard]

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.

Crimes are everywhere, why would Bitcoin make it any different than cash? People are playing too much.

[Mike Mayor]

You can and always could sinoky hide hard cash away. The LE can't find it how? They can't trace it back to you either how?
Bitcoin brings nothing new. Nothing new at all. If you think that you are increadibly gullible. You can stash stolen gold away for years and years and noone will know and sell it off slowly and still noone will know so I wish people would stop acting like idiots and thini the LE have mstic powers to know where money and stolen items are. They don't. They won't be able to trace it and even if they do how will they prove it. Seriously people who know such little about the law should rather just keep quite.

[shafi alam]

bitcoin is big surprise create in 21 century.  And it have so much Amezing system which will blow your mind.  but we are people use it not for good thing. People use it for so much bad work like rent hitman, hacking meny more thing. its good thing don't use it for bad way.

[Vatimins]

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.

I agree. We humans surely have gotten very far already from where we were back then. And every progress has its own share of good and bad effects on people, things, or the world in general.
It is a proven fact that criminals always adapts to challenges their crimes face. And always finds ingenious ways to continue doing criminal activities. I think instead of bringing down bitcoins(which is impossible), the government should accept it and try to adapt the the same way criminals did. Law enforcers should understand the mechanics than to hate it. That's the onky way i can think of to make law officers catch up to this criminals.

[loof99]

i know bitcoin used as payment for crimes lately but now i know bitcoin will be the online money using bitcoin you will buy anything you want

[Ris88]

Everything may happen, but do not look at the bitcoin from the negative side, the positive side of bitcoin is also very much. Such as helping us who hate the current bank system, taxes and other things.

Only from someone who does not know much about the existence of bitcoin, so they think bitcoin is just a figment, so not knowing what we get from bitcoin ...

[Gcee02]

Yes i agree in this topic, they use bitcoin to kill people they want to die or just to trip someone. Its very alarming, i wish it will stop but not all our government knows about these kind of crimes.

[Bitcoin_BOy$]

Same as any currency, You can use money to do good things and to do bad things. I think You want to say that criminals use bitcoin to be unknown, unfortunately
this may be true,  but in case of investigation, bitcoin addresses can be traced to know the final destination.

[buytheeffinD]

Its like you thought this wasnt going to happen with a semi-anonmyous currency that has no central backing. Seriously bitcoin was ripe to be used for crimes and should be to nobodys surprise. How much it occurs though is

probably less than you think and media has warped some of our perceptions. Lets not forget that the currency used most worldwide which is USD is also the currency that is used the most worldwide for illegal activities. I am

not saying one caused the other but a pretty good deductive reasoning can be made from such two activities. Therefore if people are getting uppity that bitcoin is used for illegal means, lets get more uppity about USD being

a currency then 

[Lady Coquet]

Its like you thought this wasnt going to happen with a semi-anonmyous currency that has no central backing. Seriously bitcoin was ripe to be used for crimes and should be to nobodys surprise. How much it occurs though is

probably less than you think and media has warped some of our perceptions. Lets not forget that the currency used most worldwide which is USD is also the currency that is used the most worldwide for illegal activities. I am

not saying one caused the other but a pretty good deductive reasoning can be made from such two activities. Therefore if people are getting uppity that bitcoin is used for illegal means, lets get more uppity about USD being

a currency then 

Maybe this is one of the reasons why some government in some countries banned bitcoin because bitcoin is only used for such crimes. This is not new to us that people will do everything just to earn bitcoins and money, so they do this illegal things just to.make themselves more rich.

[xBitHodler]

Bitcoin was always used in crimes. Bitcoin is fairly easy to use and anonymous if you take proper steps. Bitcoin should be available for anyone without any restrictions. Thus, we can't ban the "illegal" usage of Bitcoin. They are paying for transaction fees and trading on the exchanges do they are somehow contributing to our community.

[BADecker]

All fiat is used in crimes. All usage of fiat is criminal... even buying groceries. Why? Because the whole fiat system is criminal. The banks are criminal in their operation and creation of fiat. Fiat is a complete Ponzi. Using it is a criminal activity.

At least Bitcoin isn't criminal at its core like fiat is.

[sheryl26]

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.

Yss bitcoins are being used in crimes i already knew that before i get involved in this and as a matter of fact, I first knew about bitcoins as a money for crime because it is a decentralized coin so government cannot track them down. And as a red an article it is about a Year ago, yeah it is used to buy drugs used to hire for a hitman and anything that bad. I don't knqo today if it is atill used for crime I hope not because that will be a cause of banning of bitcoins and we dont want this to be banned because this is our source of income.

[whoisyourking]

This is definitely right there are some cases that bitcoin is use in a i legal transaction like buying drugs, guns human trafficking and i also read on a deep web articles that bitcoin is now being implemented to use as a main medium of payment in deep web.   

[PrasannaPR]

Bitcoin has effected in both wrong and good ways among the people. As bitcoin can use as black money its obvious that crimes can be conducted using Bitcoin market. Reason is that sender and receiver of the bitcoin is unknown.

[sourjain]

Bitcoin might be used in Crimes but now they are in limelight governments are more concerned and aware of various aspects. Sooner we might see the regulations in crypto space and thus use of Bitcoin in crimes would be decrease if not stopped. 

[millgates]

Actually bitcoin now is mostly used by good people, most of bitcoin transactions are in exchange site and online business. The number of crime using bitcoin now is smaller than the past.  So bitcoin now is very positive, and it also give the users a lot of benefits.