Criminals and Bitcoin

[brawdias]

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.

[ranochigo]

Hmm haven't we discussed this to death?

It is not possible for the police or any entity to tell, just by looking the transactions themselves. In fact, without any actual link to evidence, the transactions can't be identified. If the authority can get one of the addresses/transactions involved, they could get the whole link of addresses that are related but that isn't possible all the time and its rather inaccurate and useless.

[Heisenberg_Hunter]

Shouldn't this question be posted on Discussion board? This question has nothing to do with Technical Discussion.Use the Move Topic button on the bottom left of your thread to move the topic.

Coming to your question, even fiat money are being used in illegal trades. It's certainly very difficult to track the line of transactions during a theft. Most of them use mixing services for mixing their coins and make them untraceable.

[chiggip]

Bitcoin is not responsible for this.Criminal commit their crime anyhow.Before bitcoin here was crime and it will be if bitcoin don't exist

[RuslanSamui]

Hello everyone, in Russia you can now buy drugs for crypto currency. I think it's not very good. As it is necessary to fight this

[nick_nick]

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.

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

[Gozie51]

Yes whether bitcoin existed or not, people would still steal. So stealing or criminalism would persist. Bitcoin is not the problem but human psychological make up. Scamming has been since the beginning of life even from the bible stories.

[Driggers95]

Yes, in my country the people involved in Bitcoin are considered criminals because our government bans the virtual currency from being present in the national economy, besides there are a lot of people being arrested but They still participate in Bitcoin after being released.

[Washball]

Criminal activities are of all times. It's not because of the internet, nor because of dollars or bitcoin, that crimes are committed. Humans are to blame, they commit the crimes, not bitcoin. The government just uses this as excuse. Governments will not allow a decentralized currency, they cannot control. And the authorities  can not just bluntly ban bitcoin. That's why they use this excuse to get rid of bitcoin.

[Shewar]

No need to worry because every big country that legalize bitcoin must have formed a cyber team to track transactions from corruptors and criminals...

[laryillary]

The use of decentralized crypto currency for money laundering and the withdrawal of capital was one of the official reasons for limiting Crypto-Exchange trade and the emergence of ideas for the creation of a national crypto currency.

[bobo012]

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.

Who cares. It is the same question as electricity consumption. Nocoiners get so hot when they think about it, when in reality electricity is spent on billion things, and it is dumb, but nobody is talking about it. Same is with criminals and bitcoin...

[Israel712]

Well criminality and crime have become part of human nature and the best those charged with responsibility of curbing it can do is to reduce it. Bitcoin ugly experiences of hacking is unfortunate as it is yet to gain any government backing. Until then , protect your wallet at all cost.

[Nuex]

news like this must have been anticipated before appearing in bitcoin ... because every authorities has prepared everything to anticipate the crime of the corrupt and as his invested his funds in bitcoin

[mull99]

every thing that can make money there is a lot of criminals, in the world of the Internet there is a heker, so they are in this bitcoin they are quite easy to steal our assets because in the bitcoin world there is no name of the person responsible if happened something, more so in my country the government does not allow this bitcoin, yes if we lose our assets, we can not take responsibility for it

[boakyei]

Not only bitcoins but other crypt I currencies like monero,ether and litecoins are all untraceable and anonymous. But I don't think all these coins are responsible for the criminality. Any good thing had bad side,like fire. And bitcoin is not exception.

[Bolivar_Tony]

At present forums, Bitcoin is said to be a valuable currency for investors, and in many countries with economies of slow development, bitcoin is thought to be a currency that can cause a significant crisis. Alarmed by the economic growth of the nation.

[geula4x]

I believe that every technology can be use for both good and bad.
For example, the internet has its dark side, "the dark net", where many bad things can be traded etc.
This doesn't mean that the whole internet is bad!

BitCoin gives us the possibility to share money directly without any interference.
This is of course a good thing, but can be used for bad things as well...

[geula4x]

At present forums, Bitcoin is said to be a valuable currency for investors, and in many countries with economies of slow development, bitcoin is thought to be a currency that can cause a significant crisis. Alarmed by the economic growth of the nation.

Yes, I agree. this is a good point. BitCoin can really help developing countries which lack full infrastructures to develop faster...

[pixie85]

I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.

Everything that can be used by criminals is or will be in the near future. THat's a fact.

How the police can find about these transactions?

By tips? Investigations? Bitcoin has to be spent somewhere.

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.

It's not. It's like saying that dogs are a problem to society because once in a while a dog wounds or kills a man.