Criminals and Bitcoin

[david.super]

More amount of criminal deals are done with fiat money that with cryptocurrency. But media and lawyers like to say that BTC is dangerous technology. People use bitcoin because of the ease of transacting. Any currency will not be able to guarantee not to use or avoid in illegal activities. The guilty ones are criminals not a currency. Bitcoin appears to be just another option for people to transact and also as the latest innovation in solving economic problems worldwide.

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[kangen riko]

Bitcoin is not the only reason for people committing a crime, bitcoin is money, just a tool. Bitcoin is very valuable and people will always fight over it.
When it comes to money laundering, I do not think there is money laundering associated with bitcoin. Fiat money is also dangerous if its use is misused.

[JPS2K5]

I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes)  and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.

Bitcoin is decentralized and no can even control or manipulate it, through it, anyone can have it. Thus making it possible to become a medium of illegal transactions, as what I know, bitcoin is currently beem used in the darkweb, we ain't know what is happening out there but bitcoin is used in it. The main problem is the people itself, there are good and bad people existing in this planet. If bitcoin will be banned because of this, well then many will protest because even fiats are used in illegal ways. Bitcoin s purpose why it was created is for the people, so we hope that we should use it wisely.

[amsiran_irene]

Bitcoin is ultimately a product of human knowledge, continued innovation and research, it was developed to purposely solve complex mathematical problems. Likewise, as it is untraceable negative impacts will optimize it to cover crimes, and unlawful transactions

[pragna]

Yes it is really very very hard to identify criminals who are doing their works with BTC. There is no recored in blockchain society that govt can identify their evil activities.  Actually illegal works is doing from beginning of society that you said. At present time BTC can not only subsequent for Illegal activities. We may take it positively that may save valuable times of our life to make us familiar.

[CoinboyBebop]

All those criminals also used fiat money long before bitcoin was created. SO but nobody screama bout fiat money. Nobody want to forbidd fiat money? Why? Of course these criminals are using it. Because they are smart and they know all the benefits from cryptocurrencies. And as long as they will exist, they will find always a payment method for them who is safe and anonymous. So i can not understand all those people who rant about that.

[Musia]

I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes)  and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.

Currently, the Internet has divorced a lot of scammers who want to lure you out of the information that will follow the hacking and robbery, so first of all you need to be careful on the Internet.

[doroshok]

In fact, bitcoin is in some ways... let's imagine that there is no bitcoin. And, once ceased to be an illegal transaction? Of course not. Cheaters always were before bitcoin. So it's about people.

[Baskin61]

Yes Agree, bitcoin is also by used criminal and i this is just normal because any forms of money can be used in illegal activities., criminal like hackers and terrorists and illegal traders will always finds its way to get what they want and even banks which protected by high security are also victim of bad people.

[AllenTurner]

Bitcoin is just a subject if criminals use it for their own interest then it is not the fault of it.

[ShawnJessie]

criminals also use fiat currency in order to full fill their derise so, it is not a big deal that criminal use bitcoin because it is impossible to find the purpose of using bitcoin.

[adjong]

for me so once a payment is made or a bitcoin is transferred to a different address, then it is finished. No one party can return the bitcoin to the owner,Bitcoin is not a completely anonymous coin. Anonymous cryptocurrencies such as monero or dash can be used for criminal purposes.but it doesn’t say that bitcoin is created through that reason maybe people take the advantage of using this currency because bitcoin provide greater anonymity. Even though bitcoin ledger is public.

[John vera]

If there is money where the criminals follow such as hackers and scammers, its a cycle

[cryptojaani]

Hackers, terrorists, and other criminals are unavoidable. You must protect your account carefully. Other criminals is in charge of the government.

Bitcoins have nothing to do with this criminals because it is created as a payment system just like the fiat. Fiat has been used by the bad elements in our society for their illegal activities and now they to turn to bitcoin because it is more profitable and and the transactions are almost anonymous. These are the reasons why some governments are imposing some regulations to prevent their citizens from being victimized by online scams and monitor those people who use bitcoin in money laundering, drug trafficking and in terroristic activities.

[ekeh]

Bitcoin is not a criminal business, is an asset which is in form of digital currency that can be convert to any country of your choice to a real paper money, therefore, bitcoin need a strong password to secure your wallet, to avoid criminal attack.

[makatia]

Bitcoin here is a crime and it would be if bitcoin does not exist, most of the bitcoin owners are upright people who just want to invest in blockchain technology.

[D3m1r4wanti]

bitcoin is very vulnerable to be used as a crime tool. although not just the bitcoin crypto currency that can be used as a crime tool. police will find it very difficult to find evidence to uncover crime using bitcoin

[Ekimzjames20]

bitcoin is very vulnerable to be used as a crime tool. although not just the bitcoin crypto currency that can be used as a crime tool. police will find it very difficult to find evidence to uncover crime using bitcoin

I think criminals is always there even without bitcoin. Because that people fined idea on how they can chaet others. So we can't blamed bitcoin, because that is there pathway they select.

[kiumilo0o]

Due to the anonymity of bitcoin and uncontrolled crime, criminals can use this currency as a trading method. Hacker may be trying to attack multiple bitcoins to steal large amounts of money and money laundering can happen easily.

[mr.robot21]

Criminal activities are all about a person's perspective and psychology. Bitcoin is anonymous and people cannot be traced or tracked and this is why people who are into criminal activities use BItcoin in dark web and some other places to get access to illegal things.