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Author Topic: Is bitcoin used by criminals ?  (Read 5044 times)
Luckyji
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March 19, 2018, 11:07:14 PM
Merited by bright4mech (4)
 #1101

Bitcoin is crypto currency, that is use for online buying and selling of goods and properties across the nation, in a digital way, by making life easy. 

Your right, because Cryto currency is acceptable, but not for criminal activities. is online business made for trading, buying and selling for a full time business...
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seramania
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March 19, 2018, 11:13:42 PM
 #1102

there are some issues that say if a criminal act is what makes bitcoin banned in some countries, this happens because basically traders are made up of various life backgrounds, so I think we can not know if cryptocurreny is used for the most important criminal role the government should be more strict to prevent it.

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March 19, 2018, 11:34:51 PM
 #1103

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.
Yes it is. But don't be fooled. Fiat money or conventional currency is much more used by criminals than bitcoin and other cryptocurrencies. Media just wants to rid of bitciin because it wouldn't benefit those greedy capitalists that's why they are doing whatever they can to make a bad public image for bitcoin. Although bitcoin is used by criminals because of its anonymity feature.

BlockchainPromoter
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March 19, 2018, 11:54:08 PM
 #1104

This is unfortunately possible. Bitcoin offers this possibility of anonymity.
wasaisi
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March 19, 2018, 11:57:48 PM
 #1105

It depends on the criminals they know about bitcoin or not. But i think that bitcoin can be used by anyone in this world. Because bitcoin is freely used by anyone. I believe in this world many criminals use bitcoins if they understand.
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March 20, 2018, 12:22:00 AM
 #1106

I think that Bitcoin is digital currency and anyone can buy Bitcoin and can transfered Bitcoin anywhere and everyone can used Bitcoin. There is no mistake of Bitcoin, the mistake are the criminals.

Criminals also feel safe and secure in committing crimes because bitcoin keeps the user's true identity meaning that it would be difficult for someone in government to track and track their transactions in this illegal activity. Anyone can use bitcoin and it is not impossible that it is also used by criminals in committing a crime. Because it is easy to use for transactions, it is also easy to use in conducting illegal activities.
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March 20, 2018, 12:48:28 AM
 #1107

Crypto currrencies and bitcoins can be used by criminals to pay for ransom and to purchase weapons and others. Terrorists can also use bitcoin to provide support to their counterparts in different parts of the world. So every country's government today is thinking about how to regulate the use of bitcoin.

#Datarius
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March 20, 2018, 12:50:23 AM
 #1108

they used bitcoin, but i think most criminals still use fiat money more often than bitcoin. maybe they stop using bitcoin, when they realise, that bitcoin is not 100% anonymous.
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March 20, 2018, 01:10:19 AM
 #1109

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

It is possible that bitcoins can be used by criminals because the currency is possible for everyone to obtain. People can use fiat on a illegal way as well as bitcoins because it is a digital currency so they should not ban bitcoins because it helps people to sustain their daily needs.
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March 20, 2018, 01:15:58 AM
 #1110

Yes, bitcoins are used by bad people and they are used by good people. Anyone can use bitcoin, which is also the advantage of BTC, decentralization.

Of course, bad people can do bad things in dollars, not just BTC.

Often the media will catch these things and make a big deal about how bad the BTC is.

I believe that bitcoin will be recognized by more people.
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March 20, 2018, 01:26:17 AM
 #1111

Bitcoin is an investment and for very popular transactions, I'm sure that all the people use bitcoin for transactions including for criminal activities, this is what many people fear so make bitcoin banned.
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March 20, 2018, 01:27:58 AM
 #1112

It may or may not be.

Not just Btc i guess but also different digital currencies. Digital currencies have made their way to market making it easier for people to transact business, payments and many others. Criminals may use these type of platforms to do illegal transactions without hesitations. Yet on the other hand technology comes hand in hand with cryptocurrency and there are ways to trace transactions, this may alarm criminals that are not technology wise so they might refrain from using cryptocurrency.
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March 20, 2018, 01:33:18 AM
 #1113

Real money has exhausted its resource, now large payments are made online, no one transfers from hand to hand large amounts of cash. Bitcoin is more profitable, it is anonymous and can be sent to anyone regardless of its location. Criminals of course convenient to use bitcoin, but we believe that they do not.

There is no fault in investing in the Bitcoin service platform, but this virtual currency can easily be used as a tool for money laundering crimes because it is not regulated by the government.
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March 20, 2018, 01:34:10 AM
 #1114

Crypto currrencies and bitcoins can be used by criminals to pay for ransom and to purchase weapons and others. Terrorists can also use bitcoin to provide support to their counterparts in different parts of the world. So every country's government today is thinking about how to regulate the use of bitcoin.

#Datarius


lol. No. criminals dont use it , these kind of stories are just a rumor. criminals will only use fiat money because that can give them an instant payment without the hassel. why should they used bitcoin if they are always in hurry? I mean using a bitcoin do always require an adequate work because you need to do some things before you access your wallet and operate a transaction.this kind of stuffs is a bit too hassel for them. that is why they will only use a regular curency such as usd in order to purchase or do whatever they wanted to do.
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March 20, 2018, 01:35:32 AM
 #1115

Bitcoin, as a dispersive and anonymous digital currency, is indeed very easy to be used by criminals. This is one of the reasons why big countries do not dare to accept Bitcoin. After all, Bitcoin community management still has many bug.
Turagsoy02
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March 20, 2018, 04:14:19 AM
 #1116

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

 It still a rumors until it's not proven maybe their are some people using it in a bad way, but still bitcoin is still holding its name clean cause many good are using it in a correct way.
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March 20, 2018, 05:42:11 AM
 #1117

the point is that not only bitcoin is being used by criminal but all currency are being used but the anonymity offer by bitcoin and other cryptocurrency make it easier for criminal to use because their identity cannot be traced. scammers are taking advantage of the same anonymity to scam people using bitcoin and finally the rate at which investors are being rob the ICO project startup this days is alarming. The recent one is Denaro. all this is make possible due to anonymity of the crypto
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March 20, 2018, 05:42:59 AM
 #1118

Even fiat money are being used widely by criminals from all over the world for illegal activities, so I would not be surprise if some criminals are using bitcoin to send payment to another person for unknown activities that are consider illegal in some countries.

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March 24, 2018, 12:24:33 PM
 #1119

Unfortunately Yes, some other bad people uses the bitcoin for their fraudulent activities in our society through this their name is being ruined by other people; where in fact the purpose of bitcoin is to promote common good.
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March 24, 2018, 12:28:04 PM
 #1120

Unfortunately Yes, some other bad people uses the bitcoin for their fraudulent activities in our society through this their name is being ruined by other people; where in fact the purpose of bitcoin is to promote common good.

Things that should not be right for an example commit a crime by having a record with Bitcoin because there are many other ways to make a profit.
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