Bitcoin Are Now Used in Crimes

[BAGOBO]

indeed the online world is very dangerous if there is theft in the real world can still be on the search for who the thief but if the online world is very difficult to be on the search. then be careful

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[armansolis593]

Its has been used for crime,gun smuggling,drug etc long long ago it was during the silk road event but up until now it is widely for such activities, theres no stopping this from happening again it will just be used for such deeds just like a normal currency.

[Rotellian]

Yes Bitcoin is used in crime.   So is just about everything else.  Lets ban the lot and go back to bartering.

[poisonivy77]

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.

surely there are instances where bitcoins are use for crimes and other mediums. they use it since it can't be trace both the doer and the sender. but it all depends on the person, if you're right and just you'll never do such things as committing crimes.

[killerfrost]

A good coin always has two sides. It's good and bad, so besides the good side that Bitcoin brings as anonymity, decomposition, global trading, .... then we can recognize the bad side it brings. users and government. DDoS is an ideal place for illegal activities such as money laundering, bribery, corruption, illegal trading, etc. This is why the government does not accept Bitcoin.

[andrey.u]

The same goes for the United States Dollar and the Chinese Yuan...they are used for criminal activity. It doesn't define Bitcoin because it's found on the black market, 80-90% of people who use bitcoin use it for legitimate purposes.

The most appropriate post here in the thread. I like the subject - bitcoin is NOW used in crimes. So actually it's used in crimes just NOW. And gold coins, dollar papers, euros, roubles, etc were used since the beginning of the time - name changed and value. And sure the way how you identify and keep it.

[ritsel02]

You're right criminals will always find ways in order to fulfill their negative plans ,using any means to transact; in fiat,gold, and now taking benefits on the anonymity of cryptocurrency transactions.The government should do any means to regulate it, upgrade their forces and will hire computer experts to trace big transactions especially in the dark web transactions.In my country, only the exchanges were regulated since bitcoin will always be bitcoin where government cannot control.

[Sanu Simon]

Maybe in the past bitcoin might have got used into crimes. Now this has decreased a lot, and people has started to give importance to bitcoin as an investment that can be used for grow ourselves better in all perspectives of life.

[rocketbits]

A good coin always has two sides. It's good and bad, so besides the good side that Bitcoin brings as anonymity, decomposition, global trading, .... then we can recognize the bad side it brings. users and government. DDoS is an ideal place for illegal activities such as money laundering, bribery, corruption, illegal trading, etc. This is why the government does not accept Bitcoin.

As bitcoin is used in the crime activities that’s the pure negligence of the government where it is used in illegal manners and this is not the fault of bitcoin as cash money is also used in the crime activities and all this will be more effective if bitcoin anonymity will get controlled and in future when more people use bitcoin then the organizations will observe each and every transaction to take bitcoin to fair most usage.

[Siren]

Maybe in the past bitcoin might have got used into crimes. Now this has decreased a lot, and people has started to give importance to bitcoin as an investment that can be used for grow ourselves better in all perspectives of life.

Actually it has been used in the past already. Silkroad was built on top of bitcoin because they think that its really anonymous. But as the saying goes, crimes does not pay, they have been taken down already. Again, its not bitcoin was design by Satoshi, criminals sees loopholes on it and take it to the next levels.

And I'm sure that criminals would now take a second look because bitcoin is not completely anon, there are coins that is better than bitcoin if you want to hide your criminal activities such as Monero.

I don't think it will decreased though, it will still be there, however, just what I have said above, better think of other coins not just bitcoin if you want to be invisible to the authorities.

[synapsisxxx]

Fun fact!

Fiat has endorsed and still endorses trillions of dollars of criminal activity over the years, compared to Bitcoin's millions or billions of dollars. Food for thought!

[Flame-]

This is especially possible because bitcoins are also a kind of money. Hopefully Indeed many have been victimized by evil related to bitcoins. It's one of the tools to use In bitcoins to make a payment In an investment that's the best way to get rid of us. It is difficult for lawmakers to make it because bitcoins are decentralized and there are no representations of the founders of the investments.

[leexhin]

I think it was also used to crime when it was created,
They are using bitcoin to buy some drugs and some illegal stuff in the dark net as I remember I have watch some documentary before.

[TIDOVEE]

there is almost nothing that is good that does have its bad side. money attracts everyone and bitcoin is money, it definitely attracts the good and the bad people. in this technologically developed world crime itself has technologically developed internet crime has been the style in vogue. and it has not been controlled  yet.

[wjchong]

Yes this true but sad. I am also very shocked to know that now Bitcoin is also used in crimes. A true Bitcoiner will never do such things. The people who use Bitcoin in crimes they are not belong to Bitcoin community.

[beezunus]

for criminals, anything could be an opportunity for them to commit a crime including in bitcoin because in bitcoin their deeds are hard to trace and there is no law that can protect the bitcoiner from losing their money, it's unfortunate there are people who do that, harming others

[thomassaba]

more than 10$ fee no one will use bitcoin in any thing not in crime.

all just holding and wallet give notification

[Dmitry.Vastov]

In today's world crime rate increase speedily and somehow bitcoin playing a effective role in it. Although bitcoin is used for various good propose it is also used  in many criminal activities. Anti money laundering is of the serious issue related with it. Many Anti social activities are also associated with like kidnapping, bomb blasting, child pronography, etc. Many terrorists organisation use bitcoin for their criminal activities, they use bitcoin for their money transaction, because money transaction through bitcoin doesn't need any third party like banks, so it is difficult to trace.

[Fazal]

It is sad to say that Bitcoin is taken advantage by the criminals to transfer the bigger amount of money from one country to another country. This practice is widely used by most of the companies located in China. According to the report, the money-laundered already reached to millions of dollars. You can check this link for the detailed information: http://www.bitcoinsan.com/2017/11/the-volume-of-laundered-money-is.html

[Ryan Dugan]

Dude anything and everything is used in crimes. Also it is funny you say that bitcoin transactions are hard to trace in crimes. When has it ever been easy to trace criminal activity? That is the point to make it as untraceable as possible. Do you think before bitcoin was born that criminals never had other methods? Then people also go on about laundering money, that has also been going on for many many years long before bitcoin ever came along.

A pillow can be used in a crime to suffercate someone. Does that make the pillow bad? Bitcoin is a tool. People use tools or abuse tools. If a criminal can abuse something then they will. It does not matter what it is. If it can be abused and used to make money they will use it.