Is bitcoin a criminal tool?

[CHENIEN]

This is something a kind of question that having a negative issue about bitcoin. For me, how can bitcoin as a tool of any criminal acts? Although bitcoin has a good contributions to all people who access and knows about bitcoin. However, bitcoin can be use as a term of payments to any actions of criminalities, but does not mean that bitcoin are having any liabilities on what any acts of criminalities. The liabilities are only beyond those people who used bitcoin and acts any bad actions that against the law of government.

[ayamboy]

This is a typical example of a banking fud. Where did you get that you can anonymously change bitcoins to Fiat. That isn't possible. Criminals know it too and therefore will never use this currency for criminal purposes. Maybe you want to say that criminals commit crimes and keep their bitcoins for the future? Lol.

In fact, everything has a good and bad two aspects. It depends on personality Because if anyone uses anything, all the way will be open to him. Besides, if a person uses Bitcoin's honest behavior without using it, then its responsibility is not of Bitcoin. Because the good aspects of Bitcoin are more visible. Whoever has a bad intention, can not accept anything better. So it can be said that Bitcoin is not a criminal device. It depends on the user.

[gordeevaverona]

I think that bitcoin is not a criminal instrument in its essence but simply a common currency that can also be used as its purpose and can be used by any

[sari_]

if I think the crypto world is really helpful to the community how many people who have become millionaires or their economic life has improved since investing in bitcoin .
if anyone had said the criminal crypto world was up to them.
the most important is proof is not just a rumor .

[joshua05]

In this world full of unknown people and doubts it isn't new for us to doubt the safety and to everything that is navigated in means of the security of things that we own and will be owning. But, for the given references and the proven works gathered and given by bitcoin, we can see the trust and reliability given by its affiliates to it. And to think, investors have trusted their money, even millionaires does, and that is just a one good reason to think that bitcoin isn't a criminal tool.

[dekudota2]

However, regardless of whether you believe cryptocurrency is all about facilitating crime vs. crime being but a small, unfortunate side effect of the rise of crypto coinage, there’s no arguing with the fact that global law enforcement recognizes that cryptocurrency is the criminal’s playground.

In fact, four primary areas of criminal activity lend themselves to cryptocurrency: tax evasion, money laundering, contraband transactions, and extortion – not to mention the theft of cryptocurrency itself, which is all too easy with Bitcoin.


Cryptocurrencies have actually led to a massive cat and mouse game with law enforcement, as agencies get better at identifying criminal behavior, while criminals come up with new evasion techniques and increasingly anonymous cybercurrencies in order to defeat the efforts of law enforcement.

While much of this innovation in the greater cybercurrency/blockchain arena aligns with the interests of criminals, there is another side to this story: the increasing recognition that law enforcement requires its own technological innovation in order to keep up.

[jemarie20]

Definitely not, Bitcoin is just a money or internet money in the world that we can use to buy something but in other side bitcoin is easy to use in many transaction even in criminal activity but is not enough reason to say bitcoin is just a criminal tools.

[Gotottack]

Yes, you may say that. But just like anything else, everything can be a criminal tool so long as the actor utilizes the same to proliferate illegal causes. Hence, you would have to qualify further if you would like to delve more on the possibility of Bitcoin being used as a criminal tool. I would say, however, that using Bitcoin per se does not amount to doing criminal acts. In the same vein, I can say that not using Bitcoin is no guarantee that one is not doing illegal acts. By all means, Bitcoin, paypal, among others, are definitely designed to be a payment system. But as to how people will utilize the same for any other causes, that is no longer within the control of the one who created it.

[leonardian_project]

I do not think so, because while Bitcoin users can withhold their identities, they can’t avoid revealing other information that can be useful to investigators. Every Bitcoin transaction is recorded on its blockchain, a publicly accessible record of all transactions made using the currency.

[Thiekungan]

Blockchain technology is created for the world to be better, but that's what humans are always there is evil wherever we are. Utilizing the advantages of a technology for something bad and irresponsible that name is greedy and evil. This is the advantage of a technology that also becomes a weakness.

[Xxmodded]

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.

depending on you take advantage of bitcoin. if you are a law-conscious person. of course, would not do such a thing.
for ponzi scheme. you have to learn the bitcoin journey and its technological form again. do not let your logic go upside down just because of the oblique news of some people who do not like bitcoin.

[AGD]

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.

In bitcoin fiat'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 fiat 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 fiat to hide the flow of funds, which is the same as the effect of using cash.

[nanda1280]

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.

Many public misconceptions about the many uses of Bitcoin by criminals, but the thought is wrong thinking. This thinking is caused by the large number of people who think that Bitcoin is anonymous, when in fact Bitcoin is so opposed to it - all transactions Bitcoin transparent and everyone in the world can see the ongoing Bitcoin transaction. People may not be able to connect a particular individual identity to a Bitcoin transaction directly (this is why sometimes Bitcoin is also called pseudo anonymous), but if they find it, then they can see all the transactions you have done on the Bitcoin network. This is why Bitcoin is the wrong way if you use it for things that are not true.

[CryptoJedi1]

Bitcoin is not a criminal tool, it was designed to do good in this world. But, if people use it for criminal purposes, it's not the Coin's fault. Just like money is used for good and bad things.

[bitfocus]

Bitcoin is no pyramid scheme. I guess you are no investor or someone who listens to other people's opinion, loses money and call bitcoin a pyramid scheme. Well, please use your time on something you really love and understand, that would help you to be successful. Please stop wasting your time on Bitcoin. Let us, the matured people, handle Bitcoin.

[Artifex]

Quite a strange name in this topic. you can draw an analogy and ask a question. Is the dollar a criminal tool.
Everything depends on the goal and not on the means of achieving this goal. correct me if I'm wrong

[Altf4]

I do not considered bitcoin  a criminal tool , its function is just like money only that it is a cryptocurrency which has property to gain profits depends upon the value of the market, if syndicate uses bitcoin as price the labor doing crimes we can not hold that because bitcoin holder has the right ,how and when he or she spend his bitcoin, it is only the payment of every job done , its just a simple medium of exchange.

[organelles]

Bitcoin has a variety of uses, most notable being the fact that its used as a means of paying for goods and services, you cannot limit the people who uses it for whatever reason so if criminals are using it, there is little that can be done about it,But BTC is not a criminal tool

[Sar elok]

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 all depends upon the holder itself. Just like other things. The purpose of the bitcoin not for criminals, their goal to be the welfare of the people. If there is a plurality of persons who abuse the bitcoin bitcoin, not bitcoin to blame. But the people who hold the bitcoin.

[gambitcoin53]

yes it can be a tool for illegal transactions, actually anything of value can be a tool for schemes and all kinds of illegitimate activities, it depends on the persons transacting that tool, even cash is an obvious tool for such acts, that is why i think regulating bitcoin transactions is needed, if it is regulated, backed by laws or legalities, we can lessen this kind of awful schemes. since bitcoin is just a tool with so much potentialities, almost everything can be done just like on cash or fiats. again, it is based on human intervention. bitcoin can good or bad, depending on the user.