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Author Topic: Is bitcoin used by criminals ?  (Read 5044 times)
globalking
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April 18, 2018, 01:56:22 AM
 #1441

it is not the right argument fiat currency is also used by criminals since years so did we stop printing fiat we have not.

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"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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Crislyn4116
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April 18, 2018, 02:09:03 AM
 #1442

Before the bitcoin will created. The blockchain will not created. The transactions will not be detected. The bitcoin use by a bad people in the deep web use as a payment in the different item like a drug and smuggle fire arms.

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April 18, 2018, 02:28:45 AM
 #1443

Large BTC transactions will certainly attract the attention of many people!

Although criminals can hide their identities with BTC, they can still be found through the data transmission of blockchain.

Because every transaction of BTC has a block chain, it cannot be modified!
mi56374100
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April 18, 2018, 02:33:32 AM
 #1444

Bitcoin transactions are traceable and are much easier to track than expected, and every transaction can be traced back to the past.

All the expenses of the terrorists, the rent, the food, the weapons, etc. must be paid in legal currency, and the payment of bitcoin into legal currency will leave a clear written record.

As a result, terrorists will not use bitcoin as they do now.
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April 18, 2018, 02:37:37 AM
 #1445

Yes, It's true.
Used by criminals: weapon, drugs..
Famous example is Road Silk Smiley

But this is very bad!
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April 18, 2018, 02:48:20 AM
 #1446

Yes, many criminals use bitcoin as a way of trading. I don't think it can blame bitcoin. If there is no bitcoin, there may be other COINS that will replace bitcoin as a way of dealing with criminals. Many countries ban bitcoin for this reason, which I think is unwise.
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April 18, 2018, 02:53:06 AM
 #1447

all there is value is to use by criminals so yes bitcoin must be too
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April 18, 2018, 03:01:23 AM
 #1448

Yes, many criminals use bitcoin as a way of trading. I don't think it can blame bitcoin. If there is no bitcoin, there may be other COINS that will replace bitcoin as a way of dealing with criminals. Many countries ban bitcoin for this reason, which I think is unwise.
We all know that how bitcoin works it is not like a fiat currency, bitcoin just require internet and mobile to access it so anybody can use bitcoin at any place, so no wonder if bitcoin used for illegal activities and by the criminals.
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April 18, 2018, 03:02:00 AM
 #1449

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, any forms of currency 'digital or fiat' can be used by criminals  but bitcoin is the safest way because they cant easily track transactions.
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April 18, 2018, 03:05:07 AM
 #1450

I hope it never happened but in fact the media preach it. Sad to hear it. Something that offers more positive benefits is actually used by irresponsible people doing negative things. It can not be avoided that anonymous transactions are the main attraction for criminals to do the action. The advantages that at the same time be a bitcoin weakness if I say.

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SnapDown22
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April 18, 2018, 03:21:57 AM
 #1451

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.
bitcoin is accessible to anyone and anywhere it does not close the possibility that it can happen the use as a crime, back again to people or groups who invest with bitcoin goals and what desire they invest with bitcoin
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