The anonymous structure of the blockchain technology encourages crime?

[StarKay]

I don't get why people are so defensive on BTC that they sometimes deny things that are obvious.
Yeah, BTC can be used for illegal activities, yeah BTC has been used for buying all kinds of stuff on dark markets and dark markets have boomed with the adoption of cryptos for payments.
BTC has attracted a lot of fishy activity, there is nothing to hide here.

It's not about being defensive, Blockchain is not as anonymous as the OP puts it and it definitely doesn't encourage criminal activities.
Criminals have made use of blockchain based currency and they'll continue to do so because it is valuable same way they make use of Dollars, Pounds and other Fiats; Elephant tusks and valuable mineral resources are not spared so I don't agree with the OP on this.
Criminals don't need encouragement, they make use of what is available.

[Slow death]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

as many people have already answered, it does encourage crime. The internet has become home to many criminals because it's hard to find and imagine when you create an anonymous coin? is how to give sweet to a child. yet people use any means to commit crimes. for example the knife you use to cut food, some people use that same knife to commit crimes. today KYC exists precisely to prevent crimes.

Yes. Whether we like it or not, that is the truth about bitcoin. The anonymity part will keep encouraging crimes unless drastic actions are taken

drastic measures are already being taken

[Olalomi]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

Well said but the bottom line is that in the process of exchanging a huge  laundered money to fiat could probably resulted to proper scrutiny of the source by the financial institution handling the transaction thus if it is a fraudulent source then the account will be frozen.

[Aum Ram]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

This is noncence. This is the same as saying that knives contribute to an increase in the number of murders. But we use knives every day in the kitchen when we cut bread. A knife is just an instrument. Blocking is also just an instrument. Everything always depends on who will use this tool.

[rosstiller]

I would say that anonymity of transaction is not helping criminals to make their works easy. Because with cash it is the same. The crime depends on only the intention of a criminal. Criminal can attack with hammer that doesn't mean hammer is helping them to crime.

[collins_89]

There is nothing like pure blessings in Earth. It can certainly have some harmful sides. Maybe this is the drawback of blockchain. We must not say this anonymous feature is bad just it is being misused. It has many good sides too.

[Accertarsi]

In some cases, this is true. Due to anonymity, criminals can move out easily. But the number of that smart criminals are not so huge. So I think proper laws should be set to protect the cryptoworld.

[aoluain]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

I wouldnt agree with the statement.
You make it sound like before blockchain there was no criminality.
Criminals have always existed and blockchains have given them another tool
to use in their trade just like cash and credit cards.

This is something that the media in general has been pushing and creating
FUD. Focusing on the criminality behind bitcoin and crypto.

[Kakmakr]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

This is noncence. This is the same as saying that knives contribute to an increase in the number of murders. But we use knives every day in the kitchen when we cut bread. A knife is just an instrument. Blocking is also just an instrument. Everything always depends on who will use this tool.

Excellent comparison, but he is saying Bitcoin <knives> are more suitable for crime than say, PayPal <forks> and we need to debate that angle. I am saying that it is not more suitable, because the knife has 1 sharp point and other payment methods like PayPal <forks> and Ice picks <Cash> is better suited for that purpose.

Most financial crimes are still being done with cash <drug deals on streets> because more people know how to use cash than people who know how to use Bitcoin. <A disadvantage to use Bitcoin for crime is the complexity of the technology>

[setialovers]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

Bitcoin or blockchain technology dont have relation with criminal activity. Bitcoin or blockchain is just a tool and its depending on who use it. Dollar can be used for criminal acitivity but media never covering that story.

[Ridwan Fauzi]

This is the effect of the FUD that has been realized during this time, whereas in fact every person's cryptocurrency assets can be traced even with relatively easy to do, compared with the use of fiat money used for illegal things that will be difficult to track. You have to change your mind like this, skip some things to learn about blockchain and cryptocurrency.

[avikz]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

I strongly disagree with your statement. Bitcoin is not completely anonymous in nature, we can say it pseudo-anonymous. Everything can be seen through the public ledger but it is hard to identify which account belongs to whom. That's where it looks like anonymous. But bitcoin is not at all a breeding ground for criminal activities. Money laundering, drug trafficking and terrorism financing was always there before bitcoin ever existed. So it makes no sense to call bitcoin as a breeding ground of such illegal activities. Probably bitcoin has given them a new platform to make the financial transactions for such activities, but it is certainly not a breeding ground. Such kind of crimes existed since the history of mankind, bitcoin did not give birth to this issues. Watch before your draw a conclusion.

[foxbat]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

And that is why many governments are willing to remove bitcoin even though it provides a lot of resources for the economy. And if you think broader, once the criminal organizations exist, bitcoins are also used.

[feny.blackpink]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

That is the negative way to think but it is possible. Any peoples can transact with private coin if they dont want to be traced.
Maybe this is one of reason why some countries still doesn't allowing their peoples use cryptocurrency.

[stompix]

I don't get why people are so defensive on BTC that they sometimes deny things that are obvious.
Yeah, BTC can be used for illegal activities, yeah BTC has been used for buying all kinds of stuff on dark markets and dark markets have boomed with the adoption of cryptos for payments.
BTC has attracted a lot of fishy activity, there is nothing to hide here.

It's not about being defensive, Blockchain is not as anonymous as the OP puts it and it definitely doesn't encourage criminal activities.
Criminals have made use of blockchain based currency and they'll continue to do so because it is valuable same way they make use of Dollars, Pounds and other Fiats; Elephant tusks and valuable mineral resources are not spared so I don't agree with the OP on this.
Criminals don't need encouragement, they make use of what is available.

Let's take the latest scam :
Dwarf FPGA – the anti-ASIC

They've only accepted crypto, of course, no PayPal, no nothing.
Would the scam have worked with a payment that had some kind of buyer protection? No! A payment option that would have helped the users tracing him? No!

And about the BTC being so non-anonymous...
Just how many of the scammers here on the forum have been traced out of 8200 scam accusations topics?  0.1% ? 0.2%?
Sounds pretty anonymous to me.

Yeah, BTC has attracted a lot of shady individuals just like churches have attracted fanatics that have nothing in common with Christianity, just like the internet has allowed me to become a Nigerian King. (although I'm still waiting to inherit that wealth and my throne)
So? Big deal! I don't give a damn! Everyone is free to use it as it wants as long he will face the consequences of his actions.

But turning into a cult that worships the blockchain and burns any infidel that dares to criticize it is not the solution.

[CHENIEN]

Actually cryptocurrency business are joined by groups of anonymous persons, like us we are here with unknown of personal identity, and our accounts are named by different invented title, but I really like this system in order to be safe to every people who joins this business, but the disadvantages also on this system are most attracted by many criminals like hackers and scammers because of hidden of identity system.

[zxrcoin]

After invention of tech there is always pros and cons because if you use this tech for good purpose then it will be great but if you use this for illegal purpose then its really matter of shame because of this blockchain yes its happens so it need to monitor.

[tranduc2101]

I agree. Many criminals are using bitcoin for money laundering purposes. So I think the government should accept bitcoin and then we should let the government control the crypto market

[jackky]

The anonymous structure of the blockchain technology is a breeding ground for criminal activities life money laundering, drug trafficking?

I think you should not be concerned about this issue. Criminals can use different forms to commit crimes. they can use another cryptocurrency to trade and exchange drugs and weapons

[kulsuma]

We all connect with technology and we all know about its bad and good site. Blockchain technology provides security for the investor. But sometime this technology can’t provide 100%security.