Bitcoin Are Now Used in Crimes

[Gheka]

It is normal that bitcoin is using in many crimes because bitcoin is a money. I know that we all are aware that money is the root of evil! It is one of the disadvantage of bitcoin because it can use in different crimes.

Bitcoin has so many great features to help illegal activities and crime occur easily and more convenient, that makes the criminals prefer to use bitcoin more than ever, everyone wants to be rich, no one wants to be poor and want to get rich quickly can only do illegal things. We can not say this is the disadvantage of Bitcoin because without these features, we would not be able to make a lot of money from bitcoin, if not used easily for crime, bitcoin will not be supported and pump the price as strong as it is now

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[_Mikasa_]

Of course it is. Transactions using bitcoin are untraceable. You remain anonymous for every transactions thats why bitcoin is convenient to use as a payment for something illegal like drugs.

[cyptosunny]

the payments are untracable so this is the best option for the criminals to make online purchases for the crimes by bitcoin and hide the amount what they have in black in form of bitcoin so that no body can claim to say it black because bitcoin is totally a pure white new tech liked by most of the people around the globe

[cloud.runner]

So, ZCash will be more and more popular?

[thebanker28]

I find the best think to counteract anyone who complains about Bitcoin being used by criminals using bitcoin, is to remind them that long before bitcoin, criminals used cash, and cars and phones - and we never banned those. Criminals also use the internet - we dont ban that, they eat at restaurants, we dont ban that?

[jaaeeeyyyy]

One of the disadvantage of bitcoin is its untraceable, the only thing it can be able to give is the recepient's address and the sender address , time and date of transaction so its very easy to use in crime like staffa , ransom and block mailing. Its being taken advantage by criminals who has access on computer and knowledge about cryptocurrency but its minimal and most of bitcoin users has a good way of dealing with it.

[Kiiti1]

Yes... It was first used widely by hackers for medium of exchange of information

[jbarrera05]

yes because bitcoin is now popular nowadays. so other will use it for scams, etc. to all bitcoiners think before you click

[iamryan]

Real money also used for crime .. you can also use anything for crime like gold .. so bitcoin not a different ..

Its secure . and you can do it anonymously ...

[JTEN18]

One of the disadvantage of bitcoin is its untraceable, the only thing it can be able to give is the recepient's address and the sender address , time and date of transaction so its very easy to use in crime like staffa , ransom and block mailing. Its being taken advantage by criminals who has access on computer and knowledge about cryptocurrency but its minimal and most of bitcoin users has a good way of dealing with it.

Maybe that is one of the reason why bitcoin can be use in scamming people since it can easily use by everyone without any further evidence in case of investigation since btc is anonymous that is also the main reason why most of the countries don't like bitcoin to enter their territory.

[ace4549]

There is no doubt that it may happen. All criminals will use all things to earn dirty moneys which are the company and management of bitcoin strictly prohibits this kind of illegal activities.
They have coordination with the local government to stop and monitor these illegal acts.

[hernandezrnh]

Since we can anonymously transact with other person using bitcoin as payment, it may lead to crime like buying drugs and other illegal transactions. It was being used nowadays in the dark web, bitcoin as mode of payment.

[Teskje]

Bitcoin was used for trading crimes at the first time due to the anonymous but after all they know it's a good feature anyway. I think everything isn't good or bad, just how you're using it for will turn it into that way.

[SkyFlakes]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

You know if thats the case this should be solved early cause this might affect the insights of the people towards Bitcoin ,yes its not the oirpose of the Bitcoin but the fact that Bitcoin allows this to happened will threaten also this platform, this is not a good thing for a newly sprout system like this, dangerous.

[VladG]

Yes bitcoin was or is used to buy illegal stuff and more others if you go more in details.

[Walrus1]

There were several reports on the news today about the governments concern of Bitcoin funding terrorism and even "white supremacist who say merry Christmas". This will be the best way for government to regulate Bitcoin.

[BabyFacedGuy]

BTC is being used in crimes since it's inception, this is the reason why you ask someone who never researched anything about cryptocurriencies what Bitcoin is and they will tell you is a coin used by hackers

[chukaday]

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.

And you think what fiat money is not being used to fuel crime as we speak? If you are going to say bitcoin is used for crime then you should look no further than the US dollar as a major player in crimes all across the world. With that we can't be ignorant and only place blame on bitcoin the blame goes both ways and we should realize that in order to stop being hypocrites.

[Fappanu]

This is true because bitcoin transactions are not traceable by the government. I think that most big crime groups are using bitcoin to do their dirty transactions because it is more convenient and safer for them than to pay or receive fiat money personally.

[Skieleton]

According to a study conducted at a British school, more than half of the still active websites available in the dark web contains illegal content. Researchers reviewed over 300,000 pages, of which 5,200 are still updated and alive. Over 2,700 of these have been classified as illegal because of the content or the possibility of obtaining information, goods or services through them that could be used to break the law.

The vast majority of them were bitcoins, the main or only method of payment. The most popular commodity for which we will pay BTC is, of course, drugs. Often much more expensive than obtained independently on the street, but as stated in the report: it is a purchase in white gloves. Interestingly, the research also found offers of hacker groups that, for the equivalent of USD 2,500, promised to break the desired anonymity of the chosen user and provide us with his full personal details.