Wipeout2097
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January 17, 2020, 12:12:23 PM |
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Bitcoin transaction is traceable either it confirmed or not and the main problem people avoid to make transaction with bitcoin is if they mistakenly send to anther wallet or hacked then how to recover it or who will be responsible for it.
Its solution is also in pipe line but if government legalize the crypto and contract with different countries platforms that in case of hacking of losing money will co operate with officials.More innovations on its way and the scared investors will find the solution soon.
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hatshepsut93
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January 17, 2020, 01:42:18 PM |
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If bitcoin later becomes a traceable currency or can be tracked by the government. I think the fate of scammers might be dangerous for them to trick people with their illegal activities because there will be chances that they could now get arrested or go to jail and the money that they stoled would return.
Dont be deceived by the decentralized in nature of bitcoin because Bitcoin transaction are still traceable since all transaction are ever saved on blockchain ledger and if bitcoin tx are not traceable those online previous crypto scammer who're once captured wont be and there will be no need for the use of bitcoin tumbling site. It's also a misconception that Bitcoin is completely and easily traceable - when you know what you are doing it's actually quite hard and expensive to trace transactions with existing tools, which is why scammers, hackers and other criminals walk free - its just not worth the effort, unless the crime is truly large. It's also easier to hide smaller amounts of coins than larger amounts, so that's another reason why scammers are getting away with stealing bitcoins. |
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Sanugarid
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★Bitvest.io★ Play Plinko or Invest!
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January 17, 2020, 02:20:09 PM |
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By trace, OP meant, finding the details of the owner of any account. From 1 account money was sent into another. Suppose Mr x sent money to Mr y. Who is Mr x? Who is Mr y? No one knows. Unless y send funds into centralized exchanges. What if they sent money into BTC mixer? What if they trade for p2p?
And no one really cares if the BTC amount is small. We only caught a few hackers.
Of course, if someone sends Bitcoin from one wallet to another and these funds remain motionless, then in the absence of other transactions, no one will establish the owners of these wallets. Also, if someone steals the cryptocurrency and transfers it to a new wallet and it remains without movement, the thief can not be installed. However, cryptocurrency is not stolen so that it is without movement. Most often, thieves and scammers lack patience and they make mistakes. Now states are joining together to fight crimes related to cryptocurrency. This is quite natural. the good news with the joining of countries to fight the crime of bitcoin, I think it will foster trust in anonymity. and I don't think it's hard to track down the bad guys. sometimes it is better indeed for the government to find out, despite tax transparency but there is definite protection from the government government data collection is important because if there are data on crypto users, then crimes like this can be tracked by him, and if crypto can really be tracked then fraud will be reduced, but to expect absolutely no fraud might not be able to because they certainly will find a way to manipulate the transaction. If this is gonna happen, I think that is the best way to know who the scammers are by knowing their every transaction. I think also if we upgrade some of the things here in the forum or in every exchange like we should have better KYC in which you need some personal ID that only admin can see so they can see if you are scamming other people. If you lose your money because of them that is their fault and can report them. I am just thinking and giving my own idea maybe there are also disadvantages to that but if we continue thinking we can come up to a better way to trace every scammer. |
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Voland.V
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January 18, 2020, 10:05:55 AM |
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The owners of Bitcoin are the most advanced, progressive and brave people.
Not knowing anything for sure, only "maybe" we buy something we do not fully understand.
You have illusions that we create for ourselves. If you do it for fun, it's exciting, it can be like a game for adults.
If you invest a lot of money in Bitcoin, your money, use this technology to store your capital - that's not clear.
Money loves a solid foundation.
Bitcoin has, so far, a very raw, unambiguously undefined foundation for anyone. Although it is a modern tool for financial freedom, it is not complete...
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Ozero
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January 18, 2020, 04:52:35 PM |
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Cryptocurrency fraud has always been, is and will be. The global Internet is very convenient for all sorts of scammers. We cannot see them and do not know where they are, and cryptocurrency is very susceptible to various abuses with trust. In addition, the efforts of many state law enforcement agencies are necessary here, and this is a complex bureaucratic system that works very slowly and while fraudsters feel very comfortable. It will take a lot of time to clearly establish an international struggle against this evil.
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Boov
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January 18, 2020, 05:46:19 PM |
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Cryptocurrency fraud has always been, is and will be. The global Internet is very convenient for all sorts of scammers. We cannot see them and do not know where they are, and cryptocurrency is very susceptible to various abuses with trust. In addition, the efforts of many state law enforcement agencies are necessary here, and this is a complex bureaucratic system that works very slowly and while fraudsters feel very comfortable. It will take a lot of time to clearly establish an international struggle against this evil.
If and only if the cryptocurrencies transactions will be traceable in the future, I think the number of the population if the scammer will be leasen because they will be afraid on what punishment awaits for them if they will still imvolve in scams in the future. And I think those scammer who will be left are those who are too smart and intelligent to think always an idea for a great escape. |
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acroman08
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January 18, 2020, 06:31:21 PM |
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Cryptocurrency fraud has always been, is and will be. The global Internet is very convenient for all sorts of scammers. We cannot see them and do not know where they are, and cryptocurrency is very susceptible to various abuses with trust. In addition, the efforts of many state law enforcement agencies are necessary here, and this is a complex bureaucratic system that works very slowly and while fraudsters feel very comfortable. It will take a lot of time to clearly establish an international struggle against this evil.
If and only if the cryptocurrencies transactions will be traceable in the future, I think the number of the population if the scammer will be leasen because they will be afraid on what punishment awaits for them if they will still imvolve in scams in the future. And I think those scammer who will be left are those who are too smart and intelligent to think always an idea for a great escape. there was news a few months ago that a massive dark web child porn users were tracked using bitcoin transactions and the Authorities made arrests in different parts of the world after they tracked the people who used bitcoin to transact to the website. bitcoin has been traceable all these years as long as you know where to look or how to do it but I'd like them(criminals) to keep thinking that bitcoin is untraceable and hope to make a mistake just like the paedophiles did. |
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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January 18, 2020, 06:52:14 PM |
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From the very begininig Bitcoin was misused because of anonimity, that is not the secret, and not only for scams but also for much more serious crimes like child pornography, drugs, illegal weapons, money laundering and similar.
Comparing to years ago Bitcoin has lost a great deal of anonimity and transactions and Bitcoin wallets are much more traceable. That is maybe bad news for honest Bitcoin users but it's good for law enforcement agencies that will much easier trace the criminals. To my opinion loss of anonimity has also a good component.
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RealMalatesta
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January 19, 2020, 02:00:32 PM |
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Even right now Bitcoin can be traced and it has been done a lot of times. I have even seen someone that traced his scammer Bitcoin to Binance, though I don’t know if he later got his money back or whatever happened because I didn’t follow up with his story. You can trace a coin but the thing is that you won’t know the identity of the person, I guess only if it lands on an exchange.
Crypto scammers has been caught a lot of times. That’s why a lot of them are now making use of crypto mixers so that they can’t be traced, just like the Binance hackers. Scammers are stubborn, even if Bitcoin becomes traceable they will still trying their luck lol.
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Mihaylovic
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January 20, 2020, 05:48:08 AM |
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Bitcoin as a currency that is decentralized, they is no Headquarters for Bitcoin and it has no Central office where they distribute information concerning Bitcoin, Like illicit transactions that money was lost but recovered after some investigations through the distributed information.
like someone said on my previous thread that more people will be comfortable using bitcoin if these features comes into place.
Share your thoughts.
you can track the transactions already on blockchain. You can see from which wallet to which wallet. The amount of the transaction. Date... The only thing is the wallet addreses. It is very hard to find whose wallet it is. If the owner didn't identify or announce his address in somewhere or some platform... |
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Mihaylovic
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January 20, 2020, 07:50:51 AM |
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you can track the transactions already on blockchain. You can see from which wallet to which wallet. The amount of the transaction. Date... The only thing is the wallet addreses. It is very hard to find whose wallet it is. If the owner didn't identify or announce his address in somewhere or some platform...
Yes, if we do not fill KYC on an Exchange platform, it will be difficult to track the address that we use when transaction with Bitcoin. We can use addresses that are not from Exchange and we can sell Bitcoin with peer to peer, person to person. I don't think anyone can trace it. Exactly. If you want to stay anonymous. It is not very hard. You have to avoid using your own wallet when you transfer to exchange platforms or other people. And you should avoid from making KYC very often. |
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ice18
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January 20, 2020, 08:20:39 AM |
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Bitcoin can be traced but the questions is "What is the purpose of tracing them if theres no case charged " like for example if one scammer is from country 1 and the victim is in country 2, and they finally traced the location and name of that person, will you really push to file a case? the expenses of filing a case might be bigger than the amount scammed thats why tracing them is not useful, just be very careful not to trust anybody online especially if involves money.
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