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zakalwe (OP)
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March 25, 2018, 04:54:21 PM |
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Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
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blackdon01
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March 26, 2018, 09:36:20 PM |
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Tracking bitcoin transaction is becoming easier. The rest depends on the regulations of the government.
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5ensei
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March 26, 2018, 10:02:47 PM |
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I think dark uses of bitcoin are going to continue but not rise significantly. There are more privacy focused coins that they can use, and it seems monero is the weapon of choice. I think bitcoin will continue as ransomware however as it is easier to buy via coinbase
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asyakashi
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Just.bet - Decentralized On-chain Casino
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March 26, 2018, 11:34:56 PM |
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Ransomware has aggravated the argument about bitcoin, nothing is impossible. and FIat has been used for crimes such as extortion, illegal trade and other crimes.
we need strict rules and laws.
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Manoharachan
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March 27, 2018, 12:09:48 AM |
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Bitcoin is favored by thieves for ease of transaction, and in fact thieves should be easy to investigate because bitcoin has a decentralized nature that makes it visible to everyone and can not be manipulated by anyone.
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Bervelukan
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March 27, 2018, 12:24:05 AM |
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Although many combat thieves are bidding for payments via bitcoin which is now famous, but I understand that it is not the ultimate goal for bitcoin, but with a decentralized system we can more easily track down the blackmailers.
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Isolation
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March 27, 2018, 12:28:42 AM |
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I think Bitcoin is certainly used to extort people as with any currency. There will always be people that act maliciously, and that doesn't change just because the currency they use is Bitcoin.
All transactions on Bitcoin's blockchain are public though. So its possible for these people to be traced if they transfer their coins to an exchange that requires personal information. However, they're probably smarter than that and avoid letting their real identities known.
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yanxuanyunshan4
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March 27, 2018, 12:33:29 AM |
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Although bitcoin transactions are public, they can make the flow of money untraceable.
BTC address belongs is anonymous, and due to the currency of decentralization, the characteristics of globalization, law enforcement is unable to check the currency address of the owner, nor seizure freeze BTC address, thus become criminals new blackmail tools, BTC blackmail is given priority to with cyber crime at present.
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iconternal
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March 27, 2018, 01:08:17 AM |
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Thieves have now sought the opportunity by using bitcoin as the currency used for ransom by thieves to their hostages.
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Mandoy
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Aurox
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March 27, 2018, 01:18:07 AM |
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Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
Bitcoin can be used in a lot of ways since it is a currency online. It all depends on a person how he must use it. Bitcoin is made to be a medium of exchange and not to be used by criminals. But sad to say that people are just stubborn and have find a new means of extortion by means of bitcoin. They say that bitcoin can be traced using blockchain but it is just difficult to trace them since they can just send it to many addresses and sometimes they place it on a gambling site or an exchange to whitewash their bitcoin. |
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VitKoyn
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March 27, 2018, 03:45:58 AM |
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Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
It is undeniably that Bitcoin can also used for illegal activities because it is very hard to trace every transactions, but we should think about this first, there are lots of cryptocurrencies which offers untraceable transactions which can also catch the eye of criminals (like monero) and we have seen a lot of criminals gets caught by using Bitcoin doing bad things and this brings Bitcoin to the good side and those coins to a bad side. It is also easier to track Bitcoin transactions when we use centralized exchanges which allows you to convert it to fiat currency. But one thing is for sure, anything in this world that has a value, will always be used on illegal activities. |
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idgaf007
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March 27, 2018, 04:06:25 AM |
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It can possible used in that way because blockchain is an open ledger which anyone could look at but I think in any currency it is possible to extort people it would be a case to case basis. Just have extra caution when transacting or using your bitcoins.
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peter0425
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March 27, 2018, 04:10:03 AM |
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Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
Although wallet address has no name and irreversible, still we can track it through public ledger (blockchain), and then we can used this ( https://www.chainalysis.com/), its a software to track bitcoin address to track cyber criminals. So if the hackers think they are safe, they are not. If government or agencies works and cooperate with other bitcoin tracking software, they can easily caught those hackers. So I think hackers should used more privacy coins and not bitcoin. So at least remains fully anonymous. |
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cryptolet
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March 27, 2018, 08:31:03 AM |
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Bitcoin has a business problem -ransomware. So buying the currency has a form of short- term protection though secured against attacks.
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Mlowo
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March 27, 2018, 08:36:53 AM |
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if the idea that bitcoin is to blackmail the person is wrong, bitcoin is used for working materials, bitcoin is good for use by society and bitcoin will develop in the future.
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pekavcilar01
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March 27, 2018, 08:41:37 AM |
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It's hard to understand. We live in such a world that it is cruel. People are killing each other for money.
Good things are always badly used in the name of humanity. It's hard to understand.
Some are using bitcoins to make money, others are trying to defraud people.
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MilfordGannon
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March 27, 2018, 01:42:27 PM |
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Criminals will always be there. And they will try doing these. I'm convinced that if they receive Bitcoin at least there will be a tinny trail behind. And then again, you got a gun, it’s up on you whether you wanna fight crime with it or kill people. Intention is the main issue.
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Qwantoom
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April 03, 2018, 01:28:27 AM |
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Because of the semi-anonymous nature of Bitcoin, it’s used in ransomware attacks. Hackers breach networks and hold them hostage until payment is made to them. Hospitals and schools have been victims of these types of attacks. However, unlike cash, which was favored by thieves in the past, Bitcoin always leaves a trail in the blockchain that investigators can follow.
It would leave trail? No, because there are bitcoin mixers and privacy coins on exchanges that they can use very easy. |
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keping1
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April 03, 2018, 01:34:26 AM |
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The good thing about bitcoin is the technology it uses blockchain. by using this technology it will be very difficult for criminal acts to remove their traces when they commit crimes
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Persiville
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April 03, 2018, 01:39:57 AM |
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Before bitcoin has been popular because of those illegal usage by those shady people, because they think it would be harder for the authority to track their trails, that is also one of the reasons why most people are afraid of using bitcoin, not only because it has been relatively used by illegal means but because of the risks involved. For now tracking down the trails are a bit easy and i think there are not much shady transactions occurring currently compared to then.
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