avikz
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Activity: 3080
Merit: 1500
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March 17, 2018, 06:16:15 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics. Bitcoin is not a pyramid scheme in any angle. If you are thinking so, then you don't have much knowledge about the blockchain technology. But since you are thinking it as a pyramid scheme, you are welcome to transfer your bitcoins to me. I promise to take good care of them. In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost. Do you think criminals activities did not happen when bitcoin wasn't there? Criminals will always be there, in every form and every true sense. But that doesn't mean to discourage the common people like us. In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
Again same question. Do you think these crimes can't be done through cash? Obviously yes! Criminals will always try to use new technology to hide their trails. But what about us, the common people? Should we stop using it because some drug mafia has started using bitcoin? Speak sense! |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Kingofbitcoin12345
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March 17, 2018, 06:17:41 PM |
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Are we talking about fiat?? It sounds the same,, likely..
Illegal activities related to bitcoin is not what it is made for,, but anyone with criminal characteristics are abusing it for money.. Does fiat and bitcoin are different,, definitely not.. What is better in both currency,, the fiat that controlled by the elites or bitcoin that is decentralized and is dependent only to demand and supply.. It is up to you to choose..
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cloudproject
Jr. Member
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Activity: 238
Merit: 3
ImmVRse | Disrupting the VR industry
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March 17, 2018, 06:19:52 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
if you have some kitchen knife to cutting some vegie or meat to cook but the knife instead using to kill people ? is that kitchen knife is a criminal tool ? ofcourse not, someone made/invent new tool to make human easier to doing task, the purpose is for the good one not for bad, and einsten made atom is for good purpose but some evil mean people using that to make some creepy exploding masscare so using bitcoin wisely |
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dear53
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Activity: 322
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March 17, 2018, 06:21:31 PM |
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Bitcoin fall is a very common news now in a few days.I think bitcoin can not scam but its price ups and down is going to be a crime now.Bitcoin is not a criminal tool but suddenly it is create many problems.
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[Frederick]
Newbie
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Activity: 126
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March 17, 2018, 06:29:04 PM |
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About money laundering, actually some are being arrested because they don't know the limit they need to withdraw with in a day, most of people caught of money laundering are innocent about the sin they've done since they don't have enough knowledge on proper way of withdrawing a lot or big money in a day. But bitcoin is not a criminal tool, some are just using it for crimes.
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Avdotiy
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Activity: 168
Merit: 10
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March 17, 2018, 06:30:07 PM |
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Bitcoin is a tool for crimes, no doubts, but black market, slavery, assassinations and money laundering existed long before bitcoin, there always will be something criminals would use. It is important to mention that bitcoin is a tool for many important illegal organisations like wikileaks too. Soon all our transactions will be printed at the suitable govermental agency.  |
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AriannaSantosUU
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March 17, 2018, 06:33:10 PM |
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I believe it can be use as a tool for pyramid scam but people can invest now on their own, online. I don't think you need to trust other people to invest you in the market. You can do it your self.
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mdripon
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March 17, 2018, 06:46:25 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
I am not agree, because bitcoin one kinds of crypto coin and bitcoin is fund of bank. bitcoin control money market in the world. many country use bitcoin available. if Bitcoin was the tool of crime, then all countries prohibition bitcoin. |
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cmacwiz
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March 17, 2018, 06:54:36 PM |
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Bitcoin can you in both condition. People use it for both bad and good thing. It depends upon people mentality. Bitcoin is ban in many country due to certain criminal activity  . First of all Bitcoin is mainly used by many terrorist organisation and anti social people for illegal money transaction. Bitcoin provide its user an uninterrupted money transaction in and no one can trace that transaction  . And it also used for many other criminal activity like kidnapping, murdering, childprongraphy etc. And many bad people use Bitcoin to fraud innocent people. So these are some criminal activity that related with Bitcoin. |
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candy69
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Activity: 392
Merit: 12
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March 17, 2018, 06:57:06 PM |
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It is certainly not a criminal tool, but anti-social elements are using it in their own benefit. It is not the fault of bitcoin. It is definitely a project for the future.
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2girls
Sr. Member
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Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
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March 17, 2018, 07:03:55 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
Since bitcoins is volatile which has no fix price. People may consider "volatile" as disadvantage but i believe its a big Advantage of bitcoins. If volatile won't exist we'll never earn easy money with btc. Leave alone if its used positive or negative, its people fault and not the bitcoin's. |
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Rupok
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March 17, 2018, 07:24:31 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
I do not think,this may be the case with Bitcoin it may also be in the case of general money.People can use Bitcoin in many ways to meet their needs.I do not agree with Bitcoin use of the crime. |
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joebrook
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CryptoTalk.Org - Get Paid for every Post!
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March 17, 2018, 07:30:40 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
And who is to blame? The coin or the people and their ignorance? The tool is never responsible! It's an inanimate object. That gun that needs you to aim and fire, that knife that needs you to hold it. And you can use it to do good or bad, just like money can be used to pay for an assassination, or to buy your girl flowers. In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
What are you talking about? What's the cost of using cash? AFAIK there's none. So how can BTC be cheaper to use than cash? In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
Which must mean that you're against cash? Is cash a bad thing? Should it be banned just because criminals are using it? It's definitely the fault of the people and their ignorance and even without the existence of bitcoins, criminals have always and will always find ways and means to blackmail, con and steal from people whiles being anonymous. |
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DAVETUN
Full Member
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Activity: 728
Merit: 101
Bitcoin is the currency of this age
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March 18, 2018, 03:09:16 PM |
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Bitcoin was not coin to be use for criminal purpose, but every good thing will always have it's disadvantage, for us that use bitcoin for legal purpose, the privacy advantage is quit cool, but this gives room for criminals who take advantage of this to increase there access to arms, ammunition,and drugs.
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Marinduque
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Activity: 37
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March 18, 2018, 03:26:35 PM |
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Since Bitcoin is opened to everybody, and doesn't care if the users are bad or not it can really be a tools for illegal purposes that's the reality thing happen. And there are some of the bitcoin abusers doing this things and it can't be stop because of pseudonymous concept it has.
yes some point your right, some people use bitcoin in bad ways, like scamming and other bad activities connected to bitcoin. |
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loginova
Newbie
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Activity: 2
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March 18, 2018, 03:27:50 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
Some people might be using bitcoins for criminal purpose but you cannot name it a criminal tool because of that. Some people also use cash for illegal activities, will you stop using it as well ? |
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hatun
Newbie
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Activity: 167
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March 18, 2018, 03:32:25 PM |
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participating in haypah, I lost less money, but the fact that bitcoin is a clever pyramid, I doubt.
Since bitcoin is decentralized digital currency, it can be used for criminal purpose. But one thing we must remember- knife is used for medical surgery as well as robbery. We can not claim knife as criminal tool, rather we should be careful regarding its usage. Similar is bitcoin. Good use of it can ease our life. |
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johnine
Jr. Member
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Activity: 246
Merit: 2
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March 18, 2018, 03:35:52 PM |
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In bitcoin's pyramid scheme, criminals have exploited the greed of people's ignorance and dreams of the currency. The essence of pyramid selling is a ponzi scheme, where a bitcoin is not fundamentally different from a tulip or a box of cosmetics.
In the event of an hacker blackmail, criminals use the anonymity of the currency, trying to escape legal sanction, COINS and cash here, there is no essential difference between just more convenient, lower cost.
In money laundering, drug trafficking, and terrorist crimes, criminals use the anonymity and high mobility of bitcoin to hide the flow of funds, which is the same as the effect of using cash.
It's the person who holds/uses Bitcoin make him a criminal, it depends on how you use it. We all have the decisions if we'll going to use it on bad things, or to use it for good. Proper usage and handlinh of bitcoin is what we need to stay in good track. |
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fevroni
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March 18, 2018, 03:42:41 PM |
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Just because some people are using it for illegal activities, you cannot blame bitcoins. What about the other benefits associated with bitcoins like the huge returns it has given in past.
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Bitcoinislifer09
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March 18, 2018, 03:55:50 PM |
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Maybe those criminals use this bitcoin to buy alot of cocaine, weeds, and marijuana to sell it to other peoples. They have possiblity to become rich or a millionare someday but they are not really careless on ehat they doing everyday or every night. Actually they will do it when the sun comes down it will be starting to earn some bitcoin and money to buy anything that they wanted...
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