Is bitcoin used by criminals ?

[Andri ansah]

I think the internet and bitcoin are flexible, anyone can access it when and wherever they are. either bad depending on our own, can use it well or not.
I think, the readers here also can judge which is bad and not.

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[djselery]

Criminals use all currencies and not only Bitcoin, since very long time. In fact they are using fiat money a lot more than Bitcoin and crypto currencies, because Bitcoin and crypto in general still not really supported everywhere around the world.

[LorenoCoin]

Yes it is in fact very used by criminals and possibly terrorists, the reason is that it is an excellent way to make transactions for bad things, but we must remember that weapons were made for peace and still cause death and sadness. Bitcoin is a tool, and people decide whether to use it for good or for evil.

[Netnox]

Criminals use all currencies and not only Bitcoin, since very long time. In fact they are using fiat money a lot more than Bitcoin and crypto currencies, because Bitcoin and crypto in general still not really supported everywhere around the world.

You are right. Even now it is quite difficult to convert Bitcoins to fiat cash or vice versa. And nowadays the majority of the exchanges are asking for KYC documents and other ID proof. The best possible payment method for the terrorists remains fiat cash, in physical form. The anonymity offered by physical cash is unmatched to any other form of payment method.

[boyshx]

All popular currencies are used by criminals all over the world. USD, EURO, Rupee all are used by criminals settling their trades. Bitcoin is currently the most valuable asset. Its unique features like decentralised nature, peer to peer exchange system is making its users more and more secured. Its quite difficult to trace bitcoin`s buyer and seller. That why criminals, money launders, drug trafficking business and even terrorists are using bitcoins. By knowing these riske countries like China, Indonesia, Australia banned bitcoin currency from their economy. I hope this will reduce use of bitcoin in criminal activities.

[sgenuine]

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 unbelievably good thing for laundering money, corruption and financing of terrorism. Because of its anonymity states authorities can not reach and investigate the criminals around the world.

[teejayrichard2]

Bitcoin is open for use to anyone so everybody who wishes to use it for whatever purpose can use it. Criminals are definitely using it for transactions and this shouldn't be a surprise to us. If you can use it for transactions then anyone can.

[Jumli]

It is clear that bitcoin can be used for criminal or money laundering, but not because bitcoin is basically bad, but because of its valuable, anonymous and decentralized features, it offers great benefits for those who like to do illegal things. But it must be pointed out that there are still many illegal activities in the world continuing through paper money, but I do not see anyone promoting a cash ban for this fact.

[HoaNguyen]

Having Bitcoin secure transactional information gives the criminals the opportunity to abuse it for malicious purposes. Recently, hackers exploited Bitcoin to gain personal advantage. The truth is that Bitcoin is currently primarily used by money laundering and criminal anonymous organizations.

[batang_bitcoin]

Before I started to buy and get some bitcoin I already knew this thing from my friend that introduced me to bitcoin. He's been living in the deep web and I don't know much about it and I don't dig about his life. How about dollars? How about your local money? Isn't that being used by criminals or people to commit such crimes and can be used to buy drugs? You are only elaborating bitcoin before it was used before there but forgetting what's the reality about fiat.

[biboy]

Before I started to buy and get some bitcoin I already knew this thing from my friend that introduced me to bitcoin. He's been living in the deep web and I don't know much about it and I don't dig about his life. How about dollars? How about your local money? Isn't that being used by criminals or people to commit such crimes and can be used to buy drugs? You are only elaborating bitcoin before it was used before there but forgetting what's the reality about fiat.

Some were really afraid to use bitcoin because they know that it is used by criminals in making an illegal transactions, so some were really thinking that bitcoin was really an illegal thing, so it took a couple of years before people finally adapt and consider this to involve in investing and trading.

[CoPil]

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.

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[Liquid01]

yes it is true bitcoin as a virtual currency that is peer to peer no one manages either company or organization and in any bitcoin transaction is very unknown or unknown FBI itself will not be able to know whose transactions with whom it is clear that some people use bitcoin with way of deviation, with it bitcoin also provide many benefits for us especially in economic terms

[blue_dragon]

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.

Actually yes, everyone can use bitcoin because bitcoin is a money and anyone can hold it. And this crimes are actually happen in darkweb and deepweb which is limited people can access it.

[pixie85]

yes it is true bitcoin as a virtual currency that is peer to peer no one manages either company or organization and in any bitcoin transaction is very unknown or unknown FBI itself will not be able to know whose transactions with whom it is clear that some people use bitcoin with way of deviation, with it bitcoin also provide many benefits for us especially in economic terms

Please, don't use google translate to write forum posts or you'll end up banned.  

Bitcoin is unbelievably good thing for laundering money, corruption and financing of terrorism. Because of its anonymity states authorities can not reach and investigate the criminals around the world.

Are you really this blind? The anonymity in Bitcoin exists only until you decide to buy something or exchange for fiat. Fiat gives you much more of it because transactions aren't open to public and kept in the blockchain forever and a fake ID buys you as much anonymity as you want. You've been listening to mainstream media for too long.

[Cointertrade]

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.

Since bitcoin now continually increase and become the strongest cryptocurrency that's why a lot of hackers is really motivated to hack or to scam. Hacking and scamming is a crime that's why I can say that bitcoin wiplnbe used by criminals or the hackers and scammers is a criminal. So that I am wishing that bitcoin will be more secured.

[Casey7]

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.begitu also with bitcoin which also 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.

There have been a lot of instances wherein Bitcoins were used for Frauds etc. You can actually check the Scam Accusations and Reputation section of this forum to see the ways of how they utilize cryptocurrency to get money. Since Bitcoin transactions is irreversible, it's easy for them to get the money and just run away. There is no way for governments to go after the criminal since it's not yet regulated in some countries.

With bitcointhe criminals get their back up money easier than before. Excpet bitcoin is irreversible, bitcoin also anonymous so its impossible for police or government to know te circulation.

[annicketucufaw]

Before I've been into this forum, I ready some blogs/articles/news about bitcoin. It was years ago and it says that bitcoin is used in deep web as payment for criminal acts. I am aware that before it is used in the surface web it was used by wealthy people when purchasing in black markets like weapons, drugs, pornography, etc. So I would say yes and everything will be used for criminal acts as long as it will be easy money. I haven't tried to dive in deep web but there are reliable source and proof that it was and still used today. You can try to join groups or like pages if you need more information. Don't forget that curiosity killed the cat.

[Renai0925]

As long as there are new things appear everyday, let it be discovered, invented, or created, there are ways when the wicked will surely exploit it for their evil deeds and purposes.

It's inevitable, really, which is quite sad.

[drm]

Of course bitcoin is being used by criminals as well. So are cash, bank accounts, credit cards, boats, cars, helicopters.. You get the point