bling-bling
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December 17, 2017, 11:38:51 PM |
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Yes indeed...Just like cash, Bitcoin is now also being used as an exchange medium in illegal activities. Even more today since the price is consistently rising and Bitcoin demand is massively increasing. Due to Bitcoin anonymity, criminals can freely use Bitcoin in their trades. This is sad, but since Bitcoin is an open access digital currency, criminals also have the benefit of an easy transaction.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Snub
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December 17, 2017, 11:43:01 PM |
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Yes, it can be used in crimes, like any other currency. But for true - gorernment can track all BTC transactions, and can track people who payed for some crimes.
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triettman
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December 18, 2017, 12:03:49 AM |
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This kind of publicity it's what big media wants to convince people that bitcoin it's bad, it's used for ilegal things.
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Cryptoshaft
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December 18, 2017, 12:07:07 AM |
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what if bitcoin are made by the crimes and for crimes ? have anyone thought like this ?
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handsomes
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December 18, 2017, 12:20:10 AM |
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Yes, it is true bitcoin is used crime like deep web you command to kill someone or anything that you hate in earth but consequence you give a bitcoin to move and work what you say base on my opinion.
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COINISM0001
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December 18, 2017, 12:26:24 AM |
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yes obviously coz its untraceable and thats why its banned in few countries.
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ZZ8ZZ
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December 18, 2017, 12:28:10 AM |
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That's 1 insanely broad discussion if you ask me.People use paper money in crimes, what's so strange about BTC and crimes ? I can't really find a difference tbh. Your thread subject should be renamed to "Money (in general) is now used in crimes" lmao. Everything has it's pros and cons if you ask me ... sadly nothing can be done about it.
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kidoseagle0312
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December 18, 2017, 01:05:49 AM |
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From the very start, we all knew here that Bitcoin is very much an open source to use it for good and bad purposes, depending on the users of bitcoin if that people is a bad person. But I know which everybody knows it too that Good people are prevails in entire world. So, still majority of the bitcoin users are using it for good purposes and legal activities as well.
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denzkilim
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December 18, 2017, 01:48:08 AM |
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From the very start, we all knew here that Bitcoin is very much an open source to use it for good and bad purposes, depending on the users of bitcoin if that people is a bad person. But I know which everybody knows it too that Good people are prevails in entire world. So, still majority of the bitcoin users are using it for good purposes and legal activities as well.
I think the title should be "Bitcoin Can Be Used In Crimes". That's right only few people use it in bad ways and the majority use it for good. In my opinion any kind of currency can be used in crimes as long that it has value and it only needs common sense to understand that. (don't get me wrong) Additionally, We are in a free world we can do what ever we want but in the end we will be accountable on all things that we do even if it's good or bad.
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senin
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December 18, 2017, 01:56:23 AM |
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Any advanced technology was used primarily for military purposes and crimes. Therefore, it is not surprising that the digital currency is now used by criminals, given its anonymity and decentralization. However, this should not affect the prospects of introducing a digital currency into our life, which makes it much more convenient and comfortable.
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MerrickMaverick
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December 18, 2017, 01:58:00 AM |
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The single most criminal currency on the planet is US dollar. Black market all over the world relies on cash dollars. So, in order to destroy the black market, cut of the terrorists money supply and install democracy all over the planet, we shall abolish the dollar.
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bristlefront
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December 18, 2017, 02:14:17 AM |
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Not the bitcoins fault for the crimes made. The criminals are just taking advantage on bitcoin's anonymity. Don't make the bitcoin become the suspect here and remember that bitcoin has more helpful features than helping criminals.
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bestbiz9
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December 18, 2017, 02:17:15 AM |
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Bitcoins are being banned in some of the countries because the government are avoiding problems like this, Bitcoins is a digital currency and can be used for illegal transactions by the terrorist and government are only taking precaution that's why they are banning bitcoins.
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andylioe78
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December 18, 2017, 02:37:11 AM |
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Bitcoin is used for crime. You can look back and see for yourself. I doubt it will change soon in the near future, but that should not be a reason for people not to accept Bitcoin. Because bitcoin can not be traced.
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Crown1
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December 18, 2017, 03:14:03 AM |
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In the first two years, bitcoin was more money laundering, but this year it has changed, and bitcoin has begun to play a big role, and its role has changed.
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dantheman666
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December 18, 2017, 03:15:26 AM |
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Bitcoin was and still used for illegal stuff in the dark web. Being untraceable was the main reason for bitcoin being used on illegal stuff.
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AlaitisalKhayr
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December 18, 2017, 03:16:48 AM |
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The illegal activity which use bitcoin is transaction methode is reduced, now most of people are use their bitcoin in exchange site and online shop or service. Its more positive now.
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loof99
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December 18, 2017, 07:19:59 AM |
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From the things what I read about bitcoins some people use this as opportunity to deal with illegal activities. This kinds of activities are not tolerated and allowed by the company of bitcoins. They have a coordination with the government to stop this illegal activity
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Bakemat
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December 18, 2017, 07:22:48 AM |
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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.
Yeah. It is one of the reason of the some government ehy they banned or illegalized the bitcoin in their country because bitcoin is used for the crime activity. And bad people used the advantage of bitcoin to do what they want like the bitcoin is untraceable so they safe if they had a negotiations like in the black market and other illegal site.
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lionjuvs08
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ARIZN - Tokenised Crowdfunding Platform
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December 18, 2017, 07:32:05 AM |
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Not only bitcoin, because nowadays any one who have a value can use in crimes. And we do not control it though.
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