Criminals and Bitcoin

[kobratuz]

Some of case criminals use it to crime such as weapons, kidnapping, killing etc

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[Hypnosis00]

Please be aware of some hackers nowadays, we all know that bitcoin is mostly accessible in the internet and we have this certain account that we use in order for us to do something to gain money from bitcoin. But be more careful of the presence of the hackers, once you get stolen from bitcoin, it will be a hard time for you trace that criminal and what's worse is that they might also steal your ccount and use the amount that you have there or play bitcoin with it.

[untugede]

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.

if for me bitcoin we can not make excuses with the existence of a crime, before bitcoin exists, the crime is already there, so the crime for me bitcoin we can not make excuses with the occurrence of all that, the government that can not legalize bitcoin, I think the new government being looking for a good solution to be able to accept and legalize it.

[sr32703]

Criminals & bitcoin These two issues are related to both. some time some criminals use bitcoin to payment process.

[btcmura]

Haha, another funny accusation on bitcoins, how were these criminals transacting before bitcoins ? You should stop using cash also as it is also used by criminals a lot.

[manish9841]

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.

Because the blockchain technology is hugely decentralized, and it takes time and money to invest on the technology. Not all governments are sophisticated to track the illicit amount of money used in bitcoin. This was one of the reasons why India had to tight grip on bitcoin. However, as time matures this will change.

[MrRiuss]

yes, there are many person use bitcoin for "illegal" things and every government concern about this issue. need to try hard to find the way to minimize that.

[rolerVX]

Bitcoin doesn't have any business with criminals. But criminals have business with bitcoin. When they hire an intelligent person and master on how to manipulate or hack the secure system, criminals can have an access to millions accounts all over the world. And withdraw the money to expend in bombs or what ever hard weapon.

[lodcoling]

There is no relation between criminals and Bitcoin. Many criminals do their crime by using their conventional currency. Is it liable the conventional currency in this case. There always exist the criminals. But nothing is liable for them. So, BTC is not liable for the criminals.

[callmeback]

For me i guess all we need to do is to be careful on every transaction we made. Not all governments are sophisticated to track the illicit amount of money used in bitcoin. This was one of the reasons why India had to tight grip on bitcoin. However, as time matures this will change. I think the new government being looking for a good solution to be able to accept and legalize it. There is a lot of altcoins that do better than bitcoin in terms of privacy so bitcoin is now more into investment or being an asset rather than a currency that is being use to transact illegally.

[Golftech]

There is good and bad thing on every thing but not always. As you aware, Recently world had faced hackers attack. To release victims docs, they should pay in BTC. Hackers used this method to hide destination and get money at home. Its delayed to got rid off the attack

They use it to avoid direct and easy trace with their identity, we can't deny  the fact that bitcoin is really providing everyone an easy access
to transact so even criminals can enjoy that benefits, but just the same case with fiat and other currency related platform they have their
strength and weaknesses, we shall need to be very careful in the time.

[burner2014]

There is good and bad thing on every thing but not always. As you aware, Recently world had faced hackers attack. To release victims docs, they should pay in BTC. Hackers used this method to hide destination and get money at home. Its delayed to got rid off the attack

They use it to avoid direct and easy trace with their identity, we can't deny  the fact that bitcoin is really providing everyone an easy access
to transact so even criminals can enjoy that benefits, but just the same case with fiat and other currency related platform they have their
strength and weaknesses, we shall need to be very careful in the time.

There are things that we cannot control no matter what, even our government or our national police can't too, but what we can do for now is to report if we have found out any illegal activities that we may caught in the future, especially if it involves investment scheme or hyip.

[BillyTalent]

You are absolutely right. The problem of smuggling lies in society and it does not matter what currency or commodity is involved.

[kapustin]

Some people might be using crypto for illegal purpose, but you should not ban crypto because of that. With that logic, you will have to ban a number of things like internet.

[JackyLon]

I think there is no relationship between the criminals and the bitcoin, but the criminals can use bitcoin, the bitcoin is now well known and uses it so bitcoin will not prevent someone from having it and use it.

[cunguks]

criminals use everything good in their bad work and they ll keep doing the same always so there is no way of blaming a good technlogy i think

The criminals will do anything that facilitates his work in committing a crime. If bitcoin can make their easier, they will absolutely use it. Actually either bitcoin or fiat, they don't care. It will remain in use as long as it is needed.

[vazarii]

You should catch the criminals instead of banning the medium they are using. If you ban bitcoins, they will use another option like cash or PayPal.

[TheGodFather]

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.

To me bitcoin would always have its pros and cons and it is very evident to things when this is overblown by the media. It is understandable however that bitcoin can be a tool in which we can be able to bypass some of the laws and guidelines due to it being new and that the constitution or the things availabe to regulate have not encountered bitcoin for so long with its available data. But every good thing has its bad thing and that is what I wish to focus on

[Gandam23]

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.

Probably bitcoin can be used in black market today or it can be really use by now, we don't know, because as bitcoin is free to all, anyone can use it in everything on the internet so if someone wants it to use to buy drugs on the internet he can use it freely without noticing the government and other people. Also I think it is kinda hard to find people who use bitcoin to buy drugs because it leaves all the transaction on the internet.

[loopx]

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.

While I want to agree so much with you because I am a great supporter of bitcoins, I simply cannot. Because although crime has been here since the dawn of time and the internet, there is no denying the fact that bitcoins or any other cryptos out there gives criminals more options to do crime and to take advantage of the innovation it gives. So we can never really say that bitcoins are somewhat innocent since like money, if not there, no one will be stealing money or using money for crime. That's just that.