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Author Topic: Is bitcoin used by criminals ?  (Read 5044 times)
gudanggaremfilter
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February 19, 2018, 11:31:07 PM
 #741

Bitcoin owners can spend it on the plan but remember that bitcoin is never introduced for use in a negative way or fund terrorists.
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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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February 19, 2018, 11:55:34 PM
 #742

It is very possible, we all know that users and transactions of bitcoin are anonymous so that everyone including the krmininal make bitcoin for transactions compared to fiat or transfer banks.


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February 20, 2018, 12:12:28 AM
 #743

Some criminals use bitcoin because users can open a wallet to send and receive bitcoin without giving a name or identity. There is no bank or central authority, like a government, to control this information. Bitcoin also became a popular method for making payments when a computer system is taken over by ransomware. Researchers have also linked a quarter of bitcoin users with crime, such as hacks, money laundering and the trading of drugs and illegal pornography. Worryingly for investors, they believe that the sheer popularity of the cryptocurrency amongst criminals is a major contributor to its value. However, they also believe that bitcoin could become less useful and less valuable if criminals turn away from it.
sicnarfkswiss
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February 20, 2018, 12:40:54 AM
 #744

Criminals will always be criminals, they always used any kind of payment to transact their needs. They always have ways, whether they used bitcoin or not bitcoin should not be blame on this instead the one to be blame is the government because it is their job to  stop this terrorist. Whether there is bitcoin or not criminals will always be there and will always have ways. They can use gold, paper money or everything that has value.
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February 20, 2018, 12:42:46 AM
 #745

Unsecured wallets pave a way for scammers to get your bitcoins if you are not wise. And i believe criminals, hackers and scammers use bitcoin to lure their victims into ponzi schemes etc.
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February 20, 2018, 05:22:04 AM
 #746

When it is said that bitcoin can be used for some terrorist purposes and everything else, it is ridiculous. Bitcoin is probably the most recent tool that would be used if it was necessary to Finance an illegal event. The current global financial system is essentially a pyramid scheme based on the United States dollar. The whole world understands this, and many are looking for an alternative settlement system and a way out of this financial pyramid. There will always be attempts to crush bitcoin. But I am sure that we will still move on to a decentralized financial system. It will be built on bitcoin or some other cryptocurrency, but it will definitely happen
kalawang
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February 20, 2018, 05:28:16 AM
 #747

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 more secured and  by that time.if people used it wisely thats the better thing to do. SOME people doing bad for the sake money  like they used bitcoin in illegal way . Dont do negativity in bitcoin since it helps you a lot in every aspects just waot until you get the higher value.
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February 20, 2018, 05:28:36 AM
 #748

The majority of Bitcoin users are law-abiding people who are motivated by privacy issues or just want to cultivate curiosity. But Bitcoin anonymity is also a powerful tool to help crime: virtual money can keep transactions secrets that are temporary. In fact, in fact the paradox of cryptocurrency makes all the related data create a sudden forensic trace that can make all your financial information into public information that can be accessed by anyone.
parweshparva@gmail.com
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February 20, 2018, 05:31:55 AM
 #749

With many good things came with BTC and Blockchain, the features which can be used negatively are its "Immutability" & "Decentralized nature".

Some people are using this in illegal activities as it is not traceable, but this is how it is. "Wanna cry ransomware" is one of the example of how it can be used to rob people.
paras20
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February 20, 2018, 05:38:32 AM
 #750

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.
I don't have any news or hear any news that criminals are now using bitcoin  but if they are knowledgeable to it they can use it to
mickymax777
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February 20, 2018, 05:44:50 AM
 #751

If a criminal uses BTC as payment method he is clearly stupid and does not know the privacy limitations of Bitcoin. There will always be criminals, and they will always find creative ways to pay for their operations.

The crypto space have developed a few privacy coins which will assist the criminals but it is important to realise that privacy is not equal to illegal. Even if you have nothing to hide I'm sure that you do not want everybody to have access to your account.

Image that your neighbor can access your BTC account if they have your public key.

Privacy is a right, what you do with it is dependent on the motives of the individual. Obviously the best, and most private currency is cash.

Just my thoughts

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cimanu
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February 20, 2018, 05:57:47 AM
 #752

Maybe for now, yes. Or other more secretive alternative coins. It seems to me that the time will come that criminals will escape from the world of crypto currency into the phat calculation - because, I think, law enforcement bodies will also improve the search for transaction chains, even in the most hidden crypts. My opinion.
cryptotaste
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February 20, 2018, 07:16:00 AM
 #753

Every person are allowed to use bitcoin, even the criminals. Bitcoins has no limitations .BTC is a currency just like other currency and you can used it for any kind of activities.
garen21
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February 20, 2018, 08:22:21 AM
 #754

so the criminals use bitcoin because they scam them by bitcoin investors because nvestors can easily dispose of them as big as they invest, and so people do not believe in bitcoin is because of thieves who are fooling the investors.
huanzhong644306
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February 20, 2018, 08:28:08 AM
 #755

Anyone can use bitcoin. There are many instances of bitcoin being used for fraud. That's one reason why countries manage bitcoins.

Bitcoin is a currency that, like other currencies, can be used for any type of activity.
BrowneFlora
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February 20, 2018, 08:28:46 AM
 #756

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 true that many bitcoin is now being used by many criminals as a payment tool for crime. But we can't deny bitcoin for this reason. These criminals hold only a small fraction of bitcoin's holdings.
Bacotan Bae
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February 20, 2018, 09:00:15 AM
 #757

The reasons used for criminal activities are the basis of many countries for bitcoin banned, they fear that a decentralized and anonymous system will make criminals easy to transact safely without fear of being frozen as in banks.


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Zsywt1024
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February 20, 2018, 09:05:00 AM
 #758

The reasons used for criminal activities are the basis of many countries for bitcoin banned, they fear that a decentralized and anonymous system will make criminals easy to transact safely without fear of being frozen as in banks.
Agree with your point of view, what the government needs is a stable financial market,But before the birth of Bitcoin, in fact, the amount of legal currency used in crime is much more than Bitcoin,So regulation is no harm,However, the concern of the community is the normal use caused by over-regulation
siddu67
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February 20, 2018, 09:13:08 AM
 #759

Of course Bitcoin is used by criminals. there is no limitation in the matter of using Bitcoin. it is open for everyone anyone can use Bitcoin. Anyone can use Bitcoin anytime from anywhere.many criminals also uses Bitcoin to payment to those who works under them.

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DoublerHunter
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February 20, 2018, 09:46:17 AM
 #760

Of course Bitcoin is used by criminals. there is no limitation in the matter of using Bitcoin. it is open for everyone anyone can use Bitcoin. Anyone can use Bitcoin anytime from anywhere.many criminals also uses Bitcoin to payment to those who works under them.
They are using bitcoin because they know that they will stay unknown if they will be using bitcoin because the process of transferring money to another person is so easy and it doesn't require them to fill up some personal information because with just the bitcoin address then they can easily send money and receive money from any criminal.
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