Criminals and Bitcoin

[Wasaisisi]

I've also thought about how police can catch severe bitcoin thieves (hackers) or illegal bitcoin users. Is the central developer who holds the entire database of transactions in this world will help? or the police will only track it based on IP and transaction history only. Perhaps the best way to reduce the crime of cryptocurrency is to form a special team such as a cyber police to combat the crime of cryptocurrency.

[Google+]

criminal acts using bitcoin in my opinion it is a bad action and will make a good name bitcoin become polluted so that many will consider bitcoin as a place for crime, better bitcoin should not be used for that.

[brengoskandel]

Illegal things like this are a lot and we can not prevent it. As you say BTC is not a bad thing, the bad is the person who abuses it. This we need to convey to others so that others do not misunderstand.

[CrystalPham]

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.

[godrey123]

yes some of the people your bitcoin to process their illegal trade, that is because transactions using bitcoin are hard maybe even impossible to track, that is also the reason why the government try to ban the use of cryptocurrency in countries.

[maloibtc]

I have heard about many scams and criminals but never thought that I could face the one. My friend has an unpleasant situation when he met a scam and lost money. Now I am extremely careful

[poletando]

this is the one big factor that makes bitcoin is not legalize in some country, it anonymous and untrackable and make it can used for bad activity like hacking and other things, but maybe government can makes the policy in their country that all of bitcoin user and investor fill the KYC form to the government, so if something happen, the government can track it and find the suspect

[GDragon]

Why are tou bothered with this thing? It is just a normal facts that you need know. Have you ever know that bitcoin user used to be anonymous so it's up to the bitcoin owner where they will put it either good or bad.

[jovs]

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.

Anything that has value and can be use as a source of wealth, will always be a target for criminals and outlaws, because that is what they really do. Money, jewelries, technology and even human beings are being corrupted by criminals. So, moreover at bitcoin, look at the price, it is even more expensive than gold. So for us, who are into bitcoin investment must learn precautionary measures in securing our bitcoin safely at all times.

[Dr.Nina]

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

I have also seen some news that people transfer their money through letter of credit(LC) by undervaluation and over valuation. It is also a kind of money laundering. That does not mean the LC is responsible. So hackers, terrorists, and other criminals uses BTC that does not mean that the BTC is responsible.

How the police can find about these transactions?

Police have their own way to find it out. They have the ICT team through which they may find out the transaction. If the don't, then the fault is them. I think, the police will come to know the all transaction soon by their own way. Then no one can make BTC guilty.

[Tayata2005]

This is one of the reasons governments across nations are reluctant to legalize bitcoin usage but rather than outright ban they can promulgate laws and policies to control its usage and transactions. Also cyber crime unit can be established to monitor activities of users but this will also lead to another trouble of privacy infringement.  Above all there should be a way to accommodate bitcoin usage and not outright ban

[Skarga94]

the appearance of bitcoin drew special interest to him those who have something to hide. The idea that digital money is completely anonymous, unleashed the hands of villains of different colors and they began to actively use it, thinking that no one will ever know about their dark deeds. But in practice it turned out a little wrong, and all the secret once became clear.

Many articles of the Top blog mentioned that bitcoin is not anonymous. But it became known about it not so long ago, before no one could think that dumb transactions can tell something about their owners. All users were sure that they are geniuses of conspiracy and to reveal any of their traces is simply unreal. As it turned out, is only somewhere to light up, and the whole chain of crimes will get out. For example, if the attacker made an illegal purchase for paper money and at this moment he will be caught red-handed, then he will be charged with a specific episode. Those who lit their name in the dark Affairs with the cue ball, fly in full, as in the blockchain, as in the palm of your hand, you can see absolutely all operations. Such a grief-criminal will pull everyone who was not lucky enough to deal with him.

[lehamay]

Criminal activities are of all times. They commit the crimes, not bitcoin. Criminals often threaten the country so as to make difficult bitcoin accept bitcoin because countries fear the results of the criminal. The government just uses this as excuse. Governments will not allow a decentralized currency, they cannot control.

[alkiw21]

Yes indeed the community is the problem in bitcoin. Negative behavior of people who use bitcoin for negative actions. So it's on each and do not blame the bitcoin. We must change our negative behavior and replace it with something positive.

[Jerson]

I do not think there is any way to find that transaction and it's so anonymous so no one will know it. This has two sides of benefit and harm. Therefore, the government still can not accept it if it is not publicly transparent. This will lose the character of Bitcoin so no one will participate in it.

[resty]

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.

I don't think that's their reason in shutting down Bitcoins. Like what you have said the problem is the SOCIETY so what the hell they will shut Bitcoin down if the problem was the people itself. Also, it is so hard to track those illegal activities since those criminals are also upgrading and become more intelligent in running their bad doings. Thanks to the apps where you can change your location every single minute.

[MountainConqueror]

I do not think there is any way to find that transaction and it's so anonymous so no one will know it. This has two sides of benefit and harm. Therefore, the government still can not accept it if it is not publicly transparent. This will lose the character of Bitcoin so no one will participate in it.

But lot of criminals use fiats for their crafty things, mostly we can't track that. The cryptocurrency is a tool, not an evil thing.

[Wish 107.5]

Yes indeed the community is the problem in bitcoin. Negative behavior of people who use bitcoin for negative actions. So it's on each and do not blame the bitcoin. We must change our negative behavior and replace it with something positive.

Bitcoin is a great coin so some of the people are using it for negative purposes. Some people are becoming hackers just to get a coin and take it as their own. Hacking an account is considered as a crime.

[Kinkadeinspired]

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.

[v0rtecxz]

Actually bitcoin can't be blamed entirely as a result of existing criminal incidents. because everything depends on each bitcoin holder, will be used for good or bad.

yes the use of bitcoin is entirely in each person, of course if the person is using bitcoin properly, bitcoin will not have an adverse effect on life, but it is different if it is used for illegal actions such as money laundering, crime funding, of course will bring a bad impact in the eyes of society