Only a Crime Tool

[Eildosa]

It is very silly to consider bitcoin dangerous because it is used for illegal purposes. A lot of things can be used for such purposes, but it doesn't make these things bad. It's all people's fault. If we follow this logic, then Fiat money should also be dangerous.

[1715034764]

1715034764

[1715034764]

1715034764

[JPSelzer]

It is very bad that there are people who consider bitcoin an instrument of crime. Among my friends, too, there are such people. They are convinced that bitcoin is dangerous and discourage me from investing in it. I'm just tired of telling them otherwise.

[Gi01]

Everything that has a value is a tool, like money, but you can blame it to the tool and bitcoin is a good tool for people to be anonymous that's why the government is keeping an eye on it and putting all the regulations as possible to minimize the risk of illegal activities such as money laundering.

I don't think I will agree with you on this. Bitcoin transactions are not all that anonymous. Every transactions on the network are stored permanently and can be easily traced no matter how long it takes. I believe the only reason why the government is concern and wants to regulate the use of cryptocurrencies is very simply. They just want to control the amount of cryptocurrencies in circulation and also the amount people can transact within 24 hours. They just want to control the use of cryptocurrencies just like physical fiats.

[xiboothrezi]

Bitcoin and crypto is not a crime tool. 

1- Anything can be hacked online and not just Bitcoin.
2- Money laundering can also be done with fiat and not just Bitcoin.
3- Bitcoin and local fiat can be used for drugs and other illegal means and we cannot blame only Bitcoin for this purpose

We can conclude that it is the use by the humans which make the Bitcoin good or bad. A good human can use bitcoin in a positive manner and bad human can use it in an evil manner.

These three points are very true. Anything can be used as a criminal tool, depending on the user. It's just that, it's different when it comes to bitcoin, which basically becomes a taboo for ordinary people. Even though there are many benefits that can be obtained, the explanation is very reasonable by the OP.

[noormcs5]

Bitcoin and crypto is not a crime tool.  

1- Anything can be hacked online and not just Bitcoin.
2- Money laundering can also be done with fiat and not just Bitcoin.
3- Bitcoin and local fiat can be used for drugs and other illegal means and we cannot blame only Bitcoin for this purpose

We can conclude that it is the use by the humans which make the Bitcoin good or bad. A good human can use bitcoin in a positive manner and bad human can use it in an evil manner.

These three points are very true. Anything can be used as a criminal tool, depending on the user. It's just that, it's different when it comes to bitcoin, which basically becomes a taboo for ordinary people. Even though there are many benefits that can be obtained, the explanation is very reasonable by the OP.

I can give you an example of a knife and knife can be used to  hurt people but mainly the  knife used to cut the fruits and vegetables so you cannot claim knife to be a bad invention.
Same is the case with bitcoins.  It is used for transferring of money and sale and purchase of goods but few people are using it for the illegal task and business.

[deisik]

Bitcoin and crypto is not a crime tool. 

1- Anything can be hacked online and not just Bitcoin.
2- Money laundering can also be done with fiat and not just Bitcoin.
3- Bitcoin and local fiat can be used for drugs and other illegal means and we cannot blame only Bitcoin for this purpose

We can conclude that it is the use by the humans which make the Bitcoin good or bad. A good human can use bitcoin in a positive manner and bad human can use it in an evil manner.

These three points are very true. Anything can be used as a criminal tool, depending on the user. It's just that, it's different when it comes to bitcoin, which basically becomes a taboo for ordinary people. Even though there are many benefits that can be obtained, the explanation is very reasonable by the OP.

I can give you an example of a knife and knife can be used to  hurt people but mainly the  knife used to cut the fruits and vegetables so you cannot claim knife to be a bad invention.
Same is the case with bitcoins.  It is used for transferring of money and sale and purchase of goods but few people are using it for the illegal task and business

Well, let me try playing a devil's advocate here

Indeed, knives can be used for anything other than being kitchen inventory, including a murder weapon. But you can't ban knives because their home use (other than homicide, obviously) by far exceeds their other uses. Thus it is out of the question as entirely impractical. Further, some varieties are actually banned from possession unless you have a license (e.g. hunting knives and anything looking more like a sword than a knife). On the hand, banning Bitcoin will not have a lot of side effects and unintended consequences apart from a bunch of nerds wining and crying over here and over there. Simply put, banning Bitcoin is not a big deal

[btc78]

The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

What ever your concern is mate the thing is all of this happens inside the crypto community and even that it’s a human actions still the main source is Bitcoin or the cryptocurrency so if there isn’t no crypto there’s no crypto related crime(but ofcourse even there is no crypto still crime will happen in some areas or life)

Good interpretation here mate and maybe this will be enough to understand what what is happening here the best way is to keep secure and take care of our currency

[noormcs5]

Bitcoin and crypto is not a crime tool. 

1- Anything can be hacked online and not just Bitcoin.
2- Money laundering can also be done with fiat and not just Bitcoin.
3- Bitcoin and local fiat can be used for drugs and other illegal means and we cannot blame only Bitcoin for this purpose

We can conclude that it is the use by the humans which make the Bitcoin good or bad. A good human can use bitcoin in a positive manner and bad human can use it in an evil manner.

These three points are very true. Anything can be used as a criminal tool, depending on the user. It's just that, it's different when it comes to bitcoin, which basically becomes a taboo for ordinary people. Even though there are many benefits that can be obtained, the explanation is very reasonable by the OP.

I can give you an example of a knife and knife can be used to  hurt people but mainly the  knife used to cut the fruits and vegetables so you cannot claim knife to be a bad invention.
Same is the case with bitcoins.  It is used for transferring of money and sale and purchase of goods but few people are using it for the illegal task and business

Well, let me try playing a devil's advocate here

Indeed, knives can be used for anything other than being kitchen inventory, including a murder weapon. But you can't ban knives because their home use (other than homicide, obviously) by far exceeds their other uses. Thus it is out of the question as entirely impractical. Further, some varieties are actually banned from possession unless you have a license (e.g. hunting knives and anything looking more like a sword than a knife). On the hand, banning Bitcoin will not have a lot of side effects and unintended consequences apart from a bunch of nerds wining and crying over here and over there. Simply put, banning Bitcoin is not a big deal

Bitcoin has a lot of benefits like transferring money from one country to another in blink of second without consuming any extra third party fee etc.  Banning bitcoin will have a serious impact on economy and whats more better is that due to decentralization, no one can completely ban bitcoin and people will still be able to find the ways to use it.  

[astadbtc]

I've never watched a news report for Bitcoin explaining what it actually is.
Most of the times when they talk about Bitcoin in TV you can see that they are really happy only when price falls. Probably this makes the people that just scratched the surface feel better. Return to sanity or whatever.
Since they talk about this subject which we understand, where it is clear to realize their lies and propaganda, can you think of all the subjects that we don't understand how much they manipulate us?

[deisik]

Indeed, knives can be used for anything other than being kitchen inventory, including a murder weapon. But you can't ban knives because their home use (other than homicide, obviously) by far exceeds their other uses. Thus it is out of the question as entirely impractical. Further, some varieties are actually banned from possession unless you have a license (e.g. hunting knives and anything looking more like a sword than a knife). On the hand, banning Bitcoin will not have a lot of side effects and unintended consequences apart from a bunch of nerds wining and crying over here and over there. Simply put, banning Bitcoin is not a big deal

Bitcoin has a lot of benefits like transferring money from one country to another in blink of second without consuming any extra third party fee etc.  Banning bitcoin will have a serious impact on economy and whats more better is that due to decentralization, no one can completely ban bitcoin and people will still be able to find the ways to use it

I'm no longer sure about the blink of a second

Nowadays, it is actually more like hours than seconds (let alone a couple blinks). Third party fees are also irrelevant here as miners are that third party anyway, so under these circumstances it is the size of the fee which ultimately counts. But in this department Bitcoin doesn't shine either. Regarding Bitcoin's effect on the economy, it is greatly exaggerated, and if the role of a devil's advocate should be played to perfection, this effect exists only in the minds (read, imagination) of Bitcoin holders. As you can see, banning Bitcoin in its entirety will turn out mostly unnoticed by the wider public

[Distinctin]

Oh well, crimes are everywhere and you were right all along. Bitcoin is just a tool used to mask their identity and to stay anonymous. The reality is that, some people uses bitcoin for illegal purposesand that is the dark side of bitcoin. Authorities may hard to bust the criminals because of the anonymoty transactions. Lately, i found an article on how can bitcoin be used as a crime weapon. It is worth to read. Here's the link.

The authority sees the growing risk in crypto, so they are making ways to prevent it.

Bitcoin through a mixers can be uses for illegal activities but we know that the authority now are very strict to prevent illegal activities such as money laundering. Criminals will abuse crypto if they see it has lax of regulation but we are not in the early stage, lots of mixers are closing now and some are seize, so this is an evidence that the government are making an effort to minimize this illegal activities.

[crwth]

Basically, you are just describing how evil can be, and it's already a given fact knowing that it's always like that, we are the monsters in our nightmares, and we all have to know what to do with it. I remember a story where there are two wolves, a good and a bad one. So who is the stronger one? The one you feed. That's the most straightforward analogy and quite a simple story, a lot of people must have known this already.

[Periodik]

The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

In the same manner that a knife could be used both for slicing stuff in the kitchen and slashing someone's throat. I share your perspective on this. Bitcoin is invented for all the beautiful purposes Satoshi had in mind. But it does not mean that it could not be used in a negative way. Just as fiat and gold, it could also be used by the bad people in financing or as payment of illegal goods and services. At the end of the day even as helpful to life as a medicine could also be used to take it away.

[imstillthebest]

The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

In the same manner that a knife could be used both for slicing stuff in the kitchen and slashing someone's throat.

bitcoin or cryptos are a currency or a payment medium so its normal if they will be used for paying or buying and it does not matter if what will you buy with , it maybe a good or bad service but a knife that you mentioned earlier is mainly being used for slicing and using it for other purpose ex. for killing someone is already considered to be a crime or illegal   .  bitcoin/cryptos isnt only a crime tool or its not a crime tool rather because its primary purpose is for paying/buying/selling  and not for doing criminal acts  .

[abdeldayemwebas]

Before bitcoin appeared there were fiat currencies that were used for crime. I'm sure that nowadays fiat currencies are still the number one payment tool for bribes, illegal weapons and even drugs. I'd like to say it's not the problem of the payment tool, it's a problem caused by people who connected their lives with such activities.

[bering]

I understand why crypto image is so bad because there was large number of scam investment growing use crypto as a tool lately and unfortunately people recognized those globally and says all of crypto users are bads but i think the problem is the people themself that how we will use crypto because in the good hand crypto can be utilize to helping people massively but in the wrong hand crypto can be used to scamming people

[maydna]

Bitcoin is a tool for us, and it depends on how we use it in our life. We see that bitcoin can be used for a good thing like, for example, we can use bitcoin as the investment, for making transaction and the others. But bitcoin can also be used for a bad thing like for example to buy the illegal thing in the dark market. We don't know what bitcoin will be used for, but I am sure that there are many people who will use bitcoin for a good thing and they will prevent from doing bad things.

[vladimirhf]

100% Correct. We have seen how one of the biggest Ponzi schemes <MLM> started to use Bitcoin as a payment option and how that gave Bitcoin a bad name. Previously all kinds of payment options were used to fund these Ponzi schemes and the media did not blame the Banks or the credit card companies for this, but now that Bitcoin is used for the payment method, it is labeled as the culprit.  

Bitcoin is a currency and economic crimes needs a currency to commit their crimes, so they use Bitcoin as a tool to commit these crimes. Is Bitcoin a better tool for these crimes.... well that is open for debate.  

Bitcoin ponzi schemes are being advertised on tv in Brazil. The government is totally incompetent in oversight. They only investigate later, when people have already lost money.

[kaya11]

It is a hot topic as of now, but later on after sometimes passed it would be forgotten again, so people would still go back to where it is. Bitcoin or fiat, both can be used as a criminal tool, so why the hell brought up the issue of Bitcoin being  worst than any other types of currencies. That is how the media works, giving the information as if Bitcoin is never a good help in the financial business, but hey, there are also people that believes in it and it's capabilities so again why the hell bother bringing this up.

[seoincorporation]

Bitcoin is a tool used for crime, but not only for all, but bitcoin has also already been used to support and make donations to people who really need it. It could be used for good or bad, but sadly all media like more the bad news than the good news, and fake media doesn't help at all, so, it's hard for bitcoin to grow in a hostile ambient like this.