Criminals and Bitcoin

[FUD Expert]

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.

It is really true that no one would agree to shutdown internet even it makes an easier connection for terrorists and recruit on social media as well. We don't blame the internet because we are benefiting from it. So it's technically wrong to blame bitcoin for all those drugs and money laundering crimes.

[Mr.grin]

Cyber criminals find easy money in crypto by hacking or scams and I think government crypto regulation can utilize this illegal activities but we don't know how it is being effective because criminals always found a way, they used the opportunity in crypto for their actions because bitcoin transaction is anonymous and they will not be trace.

you are right, nowadays there have been so many scam cases regarding crypto. many irresponsible people use crypto for crime, or criminals. well, crypto does have an anonymous transaction, but it's not 100%

[Adairbillcoin]

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.

Everything is good and bad, the US dollar is so, gold is so, and Bitcoin is the same. People who are merely criminals take advantage of Bitcoin's anonymity. This has no effect on Bitcoin itself. It cannot be said that Bitcoin is a bad thing. It can also be used legitimately.

[danielwang2112]

The illegal goods are not the only problem here. If bitcoin is taken advantage by criminals, people will see bitcoin as bad and will ruin its volatile image and respect from the public. I think the government just needs something to blame on and since bitcoin has the spot light, they just waved it over which is both sad and dumb.

[FrankHilk9]

Criminals are in every sector with or without BITCOIN crime will still go on.
The recent one happened in south Africa where kidnapper's where requesting payment in BTC, but the truth is with BITCOIN they will still do their business.

[jcarlo]

Police always find a way to find criminal actor even using bitcoin. They can track their transaction on exchanger or blockhain. But i dont believe that bitcoin can increasing criminal action, because criminal is depend on the human or user and bitcoin is just a tool

[tayecrypto]

Bitcoin is one of the platform for criminal use in raising funds or to transfer funds. But now there is a private coin that more privacy that criminal would prefer because the blockchain allow the users to track and someone manage to track down a few of the criminal activities.

[egberthill]

 bitcoin will always have its advantages and disadvantages as well as its strengths and weaknesses, which some hackers should be aware of right now. Don't forget that criminals don't care about currencies. 

[Doterti]

bitcoin will always have its advantages and disadvantages as well as its strengths and weaknesses, which some hackers should be aware of right now. Don't forget that criminals don't care about currencies. 

Criminal will always take advantage of the Bitcoin.

[rumexx]

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.

This is just the truth. There is nothing wrong with Bitcoin ideology rather it is a fundamental tools to better the society financially. Man is the source of all evil and create them (evil) and use them. If criminal will not use bitcoin for illicit transaction bitcoin will not transfer itself for the evil tendencies. Every thing is in our hand .

[DimensionsOfHell]

If we talk about more frequent criminal schemes, when bitcoin is used, then it is worth remembering about blackmailers and extortionists. This crypto currency is required as compensation for Ddos attacks and PC blocking by cryptographic viruses. And such hackers attack not only ordinary mortal users, but also crypto-exchange exchanges, and government websites.

[Hua cuong]

It is quite unfortunate that the independence and freedom of Bitcoin has earned it association with criminal activities, Bitcoin doesn't chose who uses it and what they use it for.  We cannot please anyone to use Bitcoin for good things, it will depends on them on how they use Bitcoin.

[miti251194]

I think it all depends on its use. like a knife, if used for cooking then it is good, but when used for crime then it is bad

[TooDumbForBitcoin]

bitcoin will always have its advantages and disadvantages as well as its strengths and weaknesses, which some hackers should be aware of right now. Don't forget that criminals don't care about currencies. 

Criminal will always take advantage of the Bitcoin.

Old bad tiny myth. With strictly KYC's they can't use large amounts through Bitcoin. For e.g. only 1 percent of all Bitcoin transactions were used for money laundering https://www.coinwire.com/money-laundering-less-than-1-percent-of-all-bitcoin-transactions

[PM.coins]

Today bitcoin has not been globally accepted as digital currency or digital asset. Some countries have accepted but some others still ban it to operate and grow legally. We all should support it to grow better,faster and formally accepted. It must be understood that btc existence can be used by people for criminal purposes. This case must be controlled or avoided under certain regulation accepted together. We strongly need regulations like in fiat money to avoid illegal use like money laundry, buy weapons, terrorist funding, etc. Both btc as digital money or fiat money can be misused for illegal use and we must do the best to controlle or minimize this illegal activity.

[newcryptocurrency]

Criminality and illegal trade should be distinguished from bitcoins. Lets not forget that before the invention of cryptocurrencies; issues of hacking, terrorism and other nefarious activities were still on record; why do we now associate every bad act to the advent of cryptos. I believe bitcoin have nothing to do with criminals

[arguelles84]

Theft of powerful processors in companies and illegal use of official equipment for personal mining is another type of offense directly connected with bitcoins.

[Water_Crane1234]

Criminals adapt to technological advancements that's a fact whether its hard currency or digital currencies like Bitcoin or Ethereum if theres a way to reamain anonymous and use these innovations to their advantage they will continue to do so, It's up to innovators and creators to aid in attempts to promote apropriate use of Crypto and regulate the use accordingly to users who will use it without malicous intent.

[GilbertQuintanilla]

It is not the fault of bitcoin it is the fault of those criminals because they are misusing it.

[jessequick]

Criminals are always present in every time and society, they are using different currencies for their different purposes. Using Bitcoin as payment for their illegal operations due to its decentralization and anonymity.