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Author Topic: Is bitcoin used by criminals ?  (Read 5044 times)
rexter
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March 11, 2018, 12:04:08 AM
 #881

We actually dont know and who knows? Bitcoin online trasactions as of now is untracesable except i think in canada they said iits tracesable already but im not so sure yet. They said the tax of bitcoin in canada is 40% . Anyhow lets get back to the main question, basically internet has a lot positive feedbacks comapred to negative one just like bitcoin, lets say if this was used to do any crime act,i think there are more positive way bitcoin had offer to each everyone. The opportunities that has given people on which we earn in so man ways by workingon on it. There are always a positive and negative outcome in everything we do. Crimes are just always their because we cant control peoples attitude or what they think and do. I think thats the reason why every country Governments are very vigilant and skeptical with any crytocurrencies around the world. Lest just hope for the best and think positive.


I agree with this comment,we cannot control what kind of people and attitude using Bitcoin but in any case this currency invented for good purpose not for bad purpose,so many unemployment person given a good opportunity because of Bitcoin and they change there financial stability,the negative side of Bitcoin is we cannot only control whether if it will use for crime.
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March 11, 2018, 12:04:53 AM
 #882

It used to be the primary payment method for anything that needed to be anonymous, bitcoin was known for it mainly before its world conception the last couple of years
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March 11, 2018, 12:20:23 AM
Last edit: March 11, 2018, 12:36:49 AM by dyablo
 #883

Every person are allowed to use bitcoin, even the criminals. Bitcoins has no limitations on whom person were allowed. Even a common people who has the money to invest on it.

I believe that bitcoin is used by criminals. They have the guts to use it because they think that the transaction happens is anonymous.
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March 11, 2018, 12:22:58 AM
 #884

Everyone can use Bitcoin even you so Criminals can use it too. Bitcoin is decentralized cryptocurrency so All of people can use it some of Criminals use Bitcoin to scam like they making ICO then they will run the money you invest in their ICO.
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March 11, 2018, 12:30:16 AM
 #885

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 think there is a possibilities that bitcoin will used by the criminals because we all know that bitcoin is very open to every people and we didn't know each other because all bitcoin users is very anonymous.So that the criminals free to do what they are thinking to have their own money in easy ways.So we have to be careful in our own account and be careful in managing our bitcoin.
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March 11, 2018, 12:39:04 AM
 #886

I think they use bitcoin as criminals. I do not think that bitcoin is an obstacle because criminals can not use it. they have the right to use them.
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March 11, 2018, 01:52:41 AM
 #887

there are all catagories and challenges in life so we have to deal wisely between good and ugly things and if many bad things we corrected to be a better, more positive like that life or in the business world or cryptocurrency so bad or negative we avoid for a more comfortable life and the law will govern all.
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March 11, 2018, 02:04:56 AM
 #888

It is possible, everyone can have access to bitcoin and criminals are not exception to that. But I am not saying that bitcoin is no longer safe for anyone because of the criminals, but we must be extra careful with every stuffs we made here. Have a high security with the important details you have, prevention is always better than cure.
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March 11, 2018, 02:08:19 AM
 #889

It is possible, everyone can have access to bitcoin and criminals are not exception to that. But I am not saying that bitcoin is no longer safe for anyone because of the criminals, but we must be extra careful with every stuffs we made here. Have a high security with the important details you have, prevention is always better than cure.

Although Bitcoin was the most watched virtual currency in the technology industry in 2017, some of the earliest and most loyal fans have quietly left it. In the past Bitcoin was the most widely accepted currency for criminal groups and people engaged in illegal activities. Now they are turning to other virtual currencies.
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March 11, 2018, 02:14:54 AM
 #890

I think that Bitcoin has double-faced nature. It makes people's payment methods more convenient, and it also causes some criminals to commit another crime. But I think Bitcoin still outweighs disadvantages. Many countries have gradually recognized bitcoin. This proves the significance of its existence and is beneficial to people.
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March 11, 2018, 02:23:10 AM
 #891

We cant totally say that it is being used by criminals because we dont know what people are really doing. There are chances that it is used by criminals but not a hundred percent, there are underground markets which uses bitcoins as the mode of their payment for different illegal things. Everyone is free to use bitcoin and so are criminals.
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March 11, 2018, 02:27:37 AM
 #892

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 hate to say that this is indeed a bad possibility that anonymity is acting out of a blockchain system
now it is needed programmers who can track terrorist activities
we prove that bitcoin will be a payment gateway with verified owners
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March 11, 2018, 02:30:03 AM
 #893

When Bitcoin is just starting it is widely used in illegal activities especially in deep web but Bitcoin is just another currency (digital) that can be used by anyone, but even fiat currency is also used by criminals, drug lords, terrorist or used in any different kinds of illegal things. But the thing is Bitcoin is more on the positive side right now because it is possible to trace Bitcoin and possibly get caught if you use it on inappropriate way, and there are already altcoins that can give fully anonymity to its users when transacting, like Monero and Verge and I think criminals are now switching to those altcoins.
Bitcoin used Criminals. Bitcoin is Virtual currency.Criminals currency interacts with bitcoin.
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March 11, 2018, 04:26:19 AM
 #894

obviously Bitcoin is utilized by hoodlums, even fear based oppressors, in light of the fact that Bitcoin is mysterious. A few nations like France, South Korea and my Nation,, now stress to bitcoin, in light of the fact that bitcoin is utilized by assess dodgers and fear based oppressor. South Korea now restrains the bitcoin exchanges in their local as it were. Their natives can't exchange bitcoin to different nations. France will control strict principles about bitcoin. also, Indonesia even deny bitcoin to be utilized as arrangement trade.
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March 11, 2018, 04:37:29 AM
 #895

A few of the criminals may be using Bitcoin. But what difference that is going to make? The vast majority of the criminals deal with fiat currency, and I haven't seen anyone blaming the fiat for that.

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March 11, 2018, 04:57:40 AM
 #896

bitcoin is as a means of payment and of the internet as a medium, through the internet all can be connected though different continents
I think everything is use by criminals, not just bitcoin.
because of the high bitcoin exchange rate, criminals will prefer the bitcoin for large transactions.
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March 11, 2018, 05:20:25 AM
 #897

Bitcoin can be used by criminals and it's been happen before just like ransomeware malware attack that affect all of computers worldwide and maybe it will happen again sooner, it can also bought illegal items in blackmarket so anything is possible in bitcoin.
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March 11, 2018, 05:57:48 AM
 #898

Some one bitcoin users against on terrorist level project.Bitcoin is anonymous and easy, which means its a favorite among criminals. Just how is Bitcoin used by criminals, how can you protect yourself from some Bitcoin scammers, and should Bitcoin face higher regulation to prevent criminals from being able to use the cryptocurrency This article shall delve into the dark side of Bitcoin, and look at some of the negative aspects that present themselves.some one people scammers project to btc
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March 11, 2018, 06:40:06 AM
 #899

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.

When you really think about it, it is not impossible that criminals and terrorists are using it. Because transactions are anonymous, their identities are protected when they made transactions. However, as you have said, there are more advantages of using bitcoin by those people who are using it for legal business than its drawbacks. As for those like us who are using it for our lives to be better,I think we have greater number that those ho use it for illegal purposes.
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March 11, 2018, 06:45:05 AM
 #900

It is highly likely the case, that some people involved with crimes concerning FIATs, also see the potential of the BTC being used in crimes. A perfect example is in the UK were a hacker infiltrated the central network for the Health Department, and due to this infiltration, the system could not be used for several hours to a day, and the hacker was asking for 300BTC.
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