Quietman
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October 14, 2017, 10:19:25 AM |
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Well, everyone is free to use bitcoin. It always depends on how it should be used and who is using it. We cannot change the fact that bitcoin is being used with evil things but it can also be used with good things.
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Gunpaycity
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October 14, 2017, 10:24:17 AM |
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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.
criminals are now very well informed about bitcoin, because the price is high and it is not hard to bring them they ask for a bitcoin ransom, it turns out they are also interested in bitcoin
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◆ Taking Cryptocurrency Exchange to a New Height ◆
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nightxglow
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October 14, 2017, 10:24:57 AM |
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I think it's not 'now'? Because i've known this fact for a long time already. And also, i don't think it really matters. Well of course we actually need to care, but still, we can't prevent somebody to be bad. Not only bitcoin, everything valuable can be used by criminals for their own needs. What we can do is only use bitcoin for positive things so bitcoin reputation won't be bad. We shouldn't follow them and use bitcoin for criminal too, but we need to use it for good deeds.
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rayneh
Sr. Member
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MatrixCoin - Creating Bright Future Together
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October 14, 2017, 10:57:08 AM |
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Well, everyone is free to use bitcoin. It always depends on how it should be used and who is using it. We cannot change the fact that bitcoin is being used with evil things but it can also be used with good things.
There is a freedom name which is mentioned on the top which is called decentralize. Bitcoin is decentralized everyone can use bitcoin everywhere around the world because now a days bitcoin is a latest and new technology which is making everyone better so i'd prefer to say to people that enjoy in bitcoin freely because it is more interesting then other local financial companies.
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kiver
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October 14, 2017, 11:17:26 AM |
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well that maybe true but i always like to focus on the positive Bitcoin is also used for many good purposes.
P.S Humans always tend to use almost everything in the dark side and the history can prove that in many ways
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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October 14, 2017, 11:27:40 AM |
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Bitcoin is a form of money/currency. So obviously the criminals may opt to use bitcoin to commit crimes. This does not mean that bitcoin is a bad thing. Before bitcoin they use prepaid cards to commit such crimes. We don't hate prepaid cards, do we? In fact prepaid cards are more anonymous than bitcoin and can be resold without any trace. It's just the government who wants us to hate bitcoin.
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worle1bm
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October 14, 2017, 11:49:09 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.
Bitcoin has gained popularity in past few years but there are negative aspects also.As BTC is decentralized currency it is impossible to trace it so now it is being used in illegal crimes.Illegal goods are purchased with help of bitcoin and criminals do their business online which poses threat to cyber-security.Still some agencies say that they can trace it but is impssible to do so.cyber cell needs to do much improvements if they want to stop illegal crimes.
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aryaadikariyansyahsuwarto
Full Member
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This Is Promissing Project
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October 14, 2017, 11:54:13 AM |
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actually depends on us who live it, if we want to be incorporated in a good bitcoin, then many roads. But on the other hand dibitcoin also many crimes, and we must be more careful for it.
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JohnHero
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Activity: 168
Merit: 10
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October 14, 2017, 11:55:07 AM |
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Cash money are also used in crimes, no difference.
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coinholic
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October 14, 2017, 12:02:49 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.
This is not a surprise. Criminals will always find ways to use anything in anything illegal. May it be fiat, gold, diamonds, precious stones, precious metals, etc. They will manipulate and use these things in their illegal trades. And bitcoin is no exemption..
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50ouncebrew
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October 14, 2017, 01:16:23 PM |
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What do you mean now? There has always been uses like that and there always will be. Same with cash. Thing is these bankers make it seem like we're the bad guys when really their the financial terrorists.
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FasTroy
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October 14, 2017, 02:25:32 PM |
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What do you mean now? There has always been uses like that and there always will be. Same with cash. Thing is these bankers make it seem like we're the bad guys when really their the financial terrorists.
Not only bitcoin can used in crimes activities, cash also used in this domain too. Most of people says that bitcoin is used for crimes activities and bad things because they know about darknet, and people use it in darknet marketplaces, because it's more secure for them.
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Gunpaycity
Member
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Activity: 294
Merit: 10
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October 14, 2017, 11:22:36 PM |
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It's inevitable especially in this digital era since bitcoin have an advantage that can be use for criminal so that why my government still not want to legalize bitcoin yet Just hope that every country already aware of this bad side effect on bitcoin and they can prevent any criminal things because of bitcoin transaction
true, the role of the government to regulate the regulation and the role of the police as a legal apparatus will make bitcoin more appropriately used by businesses as an investment tool, so bitcoin will not be used by criminals
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◆ Taking Cryptocurrency Exchange to a New Height ◆
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Armstand
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October 15, 2017, 12:07:07 AM |
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Well, every form of money is used in crime, cash, credit cards, any money. So we can't say that Bitcoin is the only one and that it is bad for that reason. It is not Bitcoins fault that criminals use it because it is untracable. Money is money and we can not stop it from being used for illegal purposes.
For there is still a way to be untraceable today, like Anonymous group and their activities, There group always attacks government website and database but still they are not been identified and arrested, They are using advance mode to cover their location/IP address so that even government will not detect them. The innovation on this world is limitless, So if the tracing system will be upgrade then mode will be upgraded too. And there will be no way to stop criminals if it's their intention.
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ClvrGmr
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October 15, 2017, 12:13:19 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.
No wonder this will likely to happen. With bitcoins value reached about 5000$+ it opens several opportunities to the people and ofcourse also on the criminals. Bitcoin has been part of the deep web ever since, because it is the currency used to pay jobs in there. Therefore you can't expect people to refrain from doing crimes using bitcoin, it will be and always be part of it. The government can't do anything about it for now, but i guess they will in time but i hope this won't go to the point that bitcoin will be banned world wide.
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MiF
Sr. Member
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Reward: 10M Shen (Approx. 5000 BNB) Bounty
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October 15, 2017, 12:32:39 AM |
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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.
These are the reasons why some countries wont legalize bitcoin because they think of the disadvantages may ruin the nation interest that instead bitcoin will helping the people it might sent them to chaos because of these bad elements in the society. That is why some nations will only adopt bitcoin after if it was fully regulated.
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hajimasan
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October 15, 2017, 01:07:49 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.
You are right , In the starting it was totally in the trend that people were using it for simply earnings purpose but most of the bad people were using it for illegal purpose . But you can see exactly very well that what is the reality in the current time , every country is looking toward the legalisation of bitcoin and also looking to the digitisation of the payment system . Means to say that if everything will be online then there is no chance of use of bitcoin for ilegal purpose ( and also happening the same thing in my country because for every bulk transaction we need to give statement that from where we got that money ) , so Money laundering like system is going to stop very well .
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valentine401
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October 15, 2017, 01:14:59 AM |
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It is possible that bitcoins can be used in crimes like drugs transactions online and it will be hard for the N.B.I. to find out, I think that is the reason why china banned ico's in their country because of the motives of drug laundering.
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Reid
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October 15, 2017, 01:19:03 AM |
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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.
These are the reasons why some countries wont legalize bitcoin because they think of the disadvantages may ruin the nation interest that instead bitcoin will helping the people it might sent them to chaos because of these bad elements in the society. That is why some nations will only adopt bitcoin after if it was fully regulated. It is true. If there is something that have been reported which deals with the bitcoin technology being used for illegal transactions in one country it could really be dealt as a bad item hence will be banned for usage to avoid it. Even if just a percentage of the crime gets down, that is still something.
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ghost07
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October 15, 2017, 01:22:20 AM |
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yes they are using bitcoin in crimes and illegal stuffs because it is untraceable. they will use bitcoin to buy and to sell drugs, so the police or investigator cant get evidence or clue.
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