Bitcoin has nothing to do with crime

[Plaguedeath]

I've been saying this since the beginning but it seems like the anti bitcoin people are always saying nonsense about bitcoin being a crime but they don't want the facts because they say that almost every year in order to undermine bitcoin.

There are a lot stupid people out there and they always have something to say, they think they're always correct and other people who disagree with their' opinions are wrong. The best way to respond against those people is silent and move on.

When you're debating with a stupid people, you will not win and there's nothing you can learn.

[Z-tight]

I've been saying this since the beginning but it seems like the anti bitcoin people are always saying nonsense about bitcoin being a crime but they don't want the facts because they say that almost every year in order to undermine bitcoin.

Some of the people who say that BTC is easier for criminals to use do not understand how BTC works, they do not know that BTC has a public ledger, and all transactions can be seen and traced from there, why would criminals want to use a currency that can help authorities trace and apprehend them.

That is not to say that criminals do not use BTC, but the number of them that use it is fewer than those who use cash or privacy coins, only criminals that are skilled in the blockchain and know how to keep their identity hidden can use BTC, and not too many people know how to do it, so they'll just use other less transparent payment methods.

[alastantiger]

Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate.  The privacy features of bitcoin is very important to humanity,  which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.

I think that the first place where people get it wrong particularly those who have not carried out their research is that since bitcoin is almost associated with being anonymous it therefore means that its transactions cannot be traced. Wrong. The reality is that blockchain operates as a public ledger where if there bitcoin is used for say, laundering, this crime can be traced with a "simple" forensic analysis of the block chain. From Chainalysis report, crimes carried out with bitcoin is not even up to 1%. Criminals still prefer the US dollar over bitcoin.

Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021 despite the raw value of illicit transaction volume reaching its highest level ever. As always, we have to caveat this figure and say that it is likely to rise as Chainalysis identifies more addresses associated with illicit activity and incorporates their transaction activity into our historical volumes. For instance, we found in our last Crypto Crime Report that 0.34% of 2020’s cryptocurrency transaction volume was associated with illicit activity — we’ve now raised that figure to 0.62%.
https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/

[Luzin]

I've been saying this since the beginning but it seems like the anti bitcoin people are always saying nonsense about bitcoin being a crime but they don't want the facts because they say that almost every year in order to undermine bitcoin.

Bitcoin is just a technology and it will have a judgment that results from the owner. So people say Bitcoin is a problem it's his right, but he doesn't seem to understand it very well. In this world, there are good and bad, the two always stand together. The good and bad image of Bitcoin depends on the user. But ever since I introduced bitcoin, bad and good news has always existed. That's nice even without it we can't take advantage of the instability caused by the existence of news of crime from Bitcoin or crypto. So as long as users still have trust that continues to be built, Bitcoin will continue to grow. IMO

[KiaKia]

Whatever gives you money online is scam in the face of many people who have no idea what Bitcoin is all about, I have found myself in a situation where I have to explain ways I make money to some people because I am always absent when they need me most, even after I honored them due to the position they have in the family they start believing that I am into something that has everything to do with crime, I blamed myself for speaking up after, I was thinking they would understand, but they instead got it all wrong.

If people think Bitcoin has everything to do with crime, leave them be, they will soon understand what they have missed and some won't even regret because they have vow to never have anything to do with the internet, don't be surprised, some people still thinks this way.

[AicecreaME]

I agree with you.

However, we can't stop people give their own opinion about what they've seen and heard in different social media platforms regarding about bad news in scamming scenarios that happened using cryptocurrency as a bait. We should expect the instant discrimination of cryptocurrency from the people who don't know how Bitcoin and Blockchain works.

[Blitzboy]

Whatever gives you money online is scam in the face of many people who have no idea what Bitcoin is all about, I have found myself in a situation where I have to explain ways I make money to some people because I am always absent when they need me most, even after I honored them due to the position they have in the family they start believing that I am into something that has everything to do with crime, I blamed myself for speaking up after, I was thinking they would understand, but they instead got it all wrong.

If people think Bitcoin has everything to do with crime, leave them be, they will soon understand what they have missed and some won't even regret because they have vow to never have anything to do with the internet, don't be surprised, some people still thinks this way.

In today's era, and by era I mean, the last couple of years, we have seen an undeniable shift towards digital currencies, especially Bitcoin. I totally get where you're coming from. It's disheartening when close family members, who are supposed to support you, turn around and, for a lack of better word, label you as a criminal or at least, associate you with criminal activities. But don't you think it's kinda ironic? Many were quick to trust traditional banks even though some of them were, let's be real, shitty at best.

Bitcoin, as you rightly put, is much more than just some currency involved in criminal dealings. And while trash humans may equate it with crime, they forget or maybe ignore, the vast potential it offers. Also, not everything that glitters on the internet is gold. Or, I mean, Bitcoin isn't gold, but it's, uh, valuable?

Also, support for Bitcoin should never go away. Those who think it's all shady should learn from time and technology. Even if it takes two or three decades. Who's keeping track? Still, always back Bitcoin.

[Furious 7]

I've been saying this since the beginning but it seems like the anti bitcoin people are always saying nonsense about bitcoin being a crime but they don't want the facts because they say that almost every year in order to undermine bitcoin.

There are a lot stupid people out there and they always have something to say, they think they're always correct and other people who disagree with their' opinions are wrong. The best way to respond against those people is silent and move on.

When you're debating with a stupid people, you will not win and there's nothing you can learn.

I agree with what you said because this will only waste time if it continues to be debated especially since their goal is also clear only to weaken without caring whether it is the truth or not they don't care because as long as there are cases in bitcoin they will immediately claim that this is destructive and if you look at the existing history of criminality and environmental destruction being one of the repeated reasons they continue to use.

I've been saying this since the beginning but it seems like the anti bitcoin people are always saying nonsense about bitcoin being a crime but they don't want the facts because they say that almost every year in order to undermine bitcoin.

Bitcoin is just a technology and it will have a judgment that results from the owner. So people say Bitcoin is a problem it's his right, but he doesn't seem to understand it very well. In this world, there are good and bad, the two always stand together. The good and bad image of Bitcoin depends on the user. But ever since I introduced bitcoin, bad and good news has always existed. That's nice even without it we can't take advantage of the instability caused by the existence of news of crime from Bitcoin or crypto. So as long as users still have trust that continues to be built, Bitcoin will continue to grow. IMO

Actually, if we realize that everything that exists has its pros and cons, I don't think things like this will be too much of a headache because as you said that something is good or bad depends on how we use it. on the other hand, when viewed from the current percentage of criminality in bitcoin, it is only a small part when compared to the benefits provided from bitcoin, but indeed when something is good, the bad things will be discussed more than the benefits provided.

I've been saying this since the beginning but it seems like the anti bitcoin people are always saying nonsense about bitcoin being a crime but they don't want the facts because they say that almost every year in order to undermine bitcoin.

Some of the people who say that BTC is easier for criminals to use do not understand how BTC works, they do not know that BTC has a public ledger, and all transactions can be seen and traced from there, why would criminals want to use a currency that can help authorities trace and apprehend them.

That is not to say that criminals do not use BTC, but the number of them that use it is fewer than those who use cash or privacy coins, only criminals that are skilled in the blockchain and know how to keep their identity hidden can use BTC, and not too many people know how to do it, so they'll just use other less transparent payment methods.

As I said in the previous article because this happens only when there are some people or circles who are not responsible for taking actions that actually damage the image of bitcoin itself but that does not mean that all of us who are in bitcoin are damaged because it is only a small part of us who have bad intentions.

We cannot hold someone's intention to commit a crime because when there is something profitable they will definitely do their own way to benefit including crimes that we need to pay attention to in this case is that we only need to anticipate that such crimes do not accept us. not that I support crime but something like that cannot be prevented because we don't even know the intentions in everyone's heart especially in bitcoin.

[Kelvinid]

However, we can't stop people give their own opinion about what they've seen and heard in different social media platforms regarding about bad news in scamming scenarios that happened using cryptocurrency as a bait. We should expect the instant discrimination of cryptocurrency from the people who don't know how Bitcoin and Blockchain works.

It was their opinion and I respect that but that is wrong. We have correct them as early as possible in order to stop spreading false information and would stop confusion. Indeed, Bitcoin has nothing to do with the crime but people make it as a tool to promote criminalities and fraud, it was the tool for the success of their evil plan and so many people hated Bitcoin. They need education, they need clarification about Bitcoin and so these speculations spreading around will be over otherwise, we still hear negative things about Bitcoin.

[crwth]

I think it's the wrong way of thinking about it. It's not promoting crime but it's attracting users for it to be used in illegal stuff in transactions. Well, I think you would find that cash is being used more with illegal stuff because it's harder to track. For BTC, it's all public and you just have to connect the dots, but it's definitely hard. 

People should learn why it is not promoting it and it's always the people that are using it in illegal ways that are evil.

[uneng]

People should learn why it is not promoting it and it's always the people that are using it in illegal ways that are evil.

Yes, Bitcoin is a neutral tool which can be used for the good or evil, depending who is using it and what their intentions are. It's true many people feel encouraged to use BTC for the wrong reasons, assuming their criminal schemes could run smoothly by using a decentralized, anonymous, digital currency. However, they forget it's not entirely anonymous, and someone involved in shady activities dealing with BTC can still be caught by local or international intelligence services.

[RewFrew]

Bitcoin is a publicly accepted coin. Everyone can use it. It’s transaction is fully secured. As everyone can use it so some bad people can laso use it for crime. Criminals can occur crime many ways. They can use gold, dollar, Bitcoin and many currency for crime. I think it is not fault for Bitcoin. We saw many country’s doing restricted Cryptocurrency to avoid crime. But i think criminals will crime many ways not only with Bitcoin. They can crime by using skrill, netaller, paypal. But it also true that with use Digital currency government can found senders and receivers identity. But i think it is not problem to any specific currency, it is also a Global problem. So we have to found solution with different wayes.

[Fivestar4everMVP]

Bitcoin is a publicly accepted coin. Everyone can use it. It’s transaction is fully secured. As everyone can use it so some bad people can laso use it for crime. Criminals can occur crime many ways. They can use gold, dollar, Bitcoin and many currency for crime. I think it is not fault this, not fault for Bitcoin.

I think a simpler explanation is that fact that before bitcoin ever came into existence, crime has been, and strived around us, the government, including those who are complaining now and seeing bitcoin as a major source or currency through which criminal activities are funded, did nothing, or let me say that all their efforts yielded no positive fruit.

And today, we have bitcoin around which is a decentralized currency open for everyone to use, both the good, the bad, and the ugly, any body now claiming that Bitcoin is promoting crime in our society, is doing nothing but lying to themselves, they themselves know that they are saying or believe such out of maybe dislike for bitcoin, but the beautiful thing here is that, such believe will not deter or stop bitcoin from growing, anyone who see that as a reason not to buy or invest in bitcoin is only messing with their own future.

[tjtonmoy]

~Snip

What is Bitcoin trying to solve? The answer is - problems with centralized banking systems and fiat currency. So we can say that fiat and Bitcoin hold two different meanings. How did criminals do crimes back in the day, when there was no such thing as Bitcoin? They used currency that was available back then. What was it? yes, it was fiat money. Or valuable things that have value. Just for that reason, can we call money the reason for crime? No one calls it that and no one ever will. So why is it that people are calling Bitcoin a source of crime?

Bitcoin has many advantages that can keep your privacy safe and your identity hidden. But that does not mean that you should do crimes with it. Everything is good until you choose it to use for bad purposes. The same goes for Bitcoin. You can use it on a daily basis just to live day-to-day life, or you can use it to commit a crime. What you choose is up to you. And Bitcoin can never be the reason for that.

[Mr.suevie]

Bitcoin is a publicly accepted coin. Everyone can use it. It’s transaction is fully secured. As everyone can use it so some bad people can laso use it for crime. Criminals can occur crime many ways. They can use gold, dollar, Bitcoin and many currency for crime. I think it is not fault this, not fault for Bitcoin.

This is exactly what most people fail to understand because fraud and criminal activities have been long existing and even the so treasured fiat currency is used for so many illicit activities so this fact can't be blame when it's comes to Bitcoin. Most people adopted because of its decentralized nature and the easy use of it but what we should focus on is the actual purpose of its creation which is to eradicate financial slavery and so far it has been serving it's purpose to the fullest.

[Agbe]

Bitcoin has nothing to do with crime

The decentralized nature of the technology is making people use it for criminal activities. Since the coin is decentralized, nobody knows and control your funds. No currency support crime but it is the criminals use them to commit their crime. Bitcoin came and see crime so nothing can be done to bypass that angle of the bitcoin activities. Crime is not written on the forehead of the criminals so they use it to execute there plans and transfer their money from the victims account to there wallet.

[serjent05]

Bitcoin has nothing to do with crime

The decentralized nature of the technology is making people use it for criminal activities. Since the coin is decentralized, nobody knows and control your funds. No currency support crime but it is the criminals use them to commit their crime. Bitcoin came and see crime so nothing can be done to bypass that angle of the bitcoin activities. Crime is not written on the forehead of the criminals so they use it to execute there plans and transfer their money from the victims account to there wallet.

That may be the case and the blockchain transparency should be the one to nullify this intention but the presence of mixers restrict the transparency to do its work of tracing coins if ever there is a transaction made to pay for the crime or used as money laundering.

We all know that things are neutral they don't have evil minds and have no self control to do crimes.  It all goes down to the person and how he used that thing.  While Bitcoin is being used to launder money, Bitcoin is also used to save lives by funding charities that support and maintain the lives of our less fortunate neighbors.

[qwertyup23]

Bitcoin isn't inherently a privacy coin; rather, it stands as a genuinely decentralized cryptocurrency. Your level of privacy is determined by the measures you take to safeguard it, given that Bitcoin transactions are publicly accessible. If I possess your specific Bitcoin address, I can still trace your activities. Bitcoin's objective is to establish a decentralized payment system, eliminating the need for third-party intermediaries.

I do think that when most people have understood on how to utilize BTC, they somehow used it as a currency under the dark web in which it gained its popularity negatively. Sure, BTC may have the aspects of decentralization and its other effects may provide anonymity but its effects are more than that.

Bitcoin has nothing to do with crime

The decentralized nature of the technology is making people use it for criminal activities. Since the coin is decentralized, nobody knows and control your funds. No currency support crime but it is the criminals use them to commit their crime. Bitcoin came and see crime so nothing can be done to bypass that angle of the bitcoin activities. Crime is not written on the forehead of the criminals so they use it to execute there plans and transfer their money from the victims account to there wallet.

During that time, people were unaware of its true potential when you can definitely utilize it in a more efficient way. It just so happened that they were able to take advantage of one aspect in which it became the focal point of media. I just find it very unfortunate that media capitalized on this idea, thus increasing the stigma that BTC had been used for criminal activities.

[Agbe]

I just find it very unfortunate that media capitalized on this idea, thus increasing the stigma that BTC had been used for criminal activities.

anyone that so saying that bitcoin has been used for criminal activities so bitcoin is for criminal purpose, lack the reason of creating bitcoin and also don't know the uses of bitcoin and he is even confused about bitcoin so he need extra moral classes on bitcoin so he can develop the understanding of bitcoin and can talk about in anywhere. I have heard people saying that bitcoin is meant for criminal activities. They don't even know anything about bitcoin.

[serveria.com]

Because of bitcoin does not give public details of people who make transaction with it, some people do say it promote crime. People needs to understand one of the features of bitcoin is freedom that anybody can get access to it, it does not discriminate.  The privacy features of bitcoin is very important to humanity,  which I know one of its advantage is for safety by using cryptography that makes all transactions safe and encrypted.

Privacy in transactions of bitcoin is much important,  if their was no privacy it would have cause several criminal attacks.  For those who think bitcoin encourages crime because of hiding  public data of users don't understand the importance of bitcoin being private.  Before bitcoin  started  existing monetary crime have been existing.  Bitcoin is not a reason for monetary crime,  bitcoin is just for everyone and does not discriminate but accept everyone.

Anonymity and privacy is not a crime! Although Bitcoin is only quasi-anonymous and transactions could be traced down to an exchange account/address for example. There are some ways to avoid detection though by using Bitcoin mixers, Tor and DEX exchanges. Everybody should have a right to stay anonymous.