The most stupid tool for criminals to use is Bitcoin

[Crypt0Gore]

Criminals are now realising that Bitcoin is not on their sides, atleast not like the likes of Fiat currency.

It's easier to get bursted doing your crime using Bitcoin as your means of payment, it's only criminals with zero knowledge that will choose Bitcoin as their money for funding their crime.

The power that Bitcoin gives us has never been seen before, if someone told you in 2005 that sooner we will start seeing the worth of our leaders you will say impossible.

Today we can know how much Trump Bitcoin wallet is worth, the more popular you are in this world the easier it is to figure your Bitcoin worth, unless you don't share your address at all, this is the only way your identity remain unknown.

Who dares go to the bank and ask for a governer's bank account balance? But now we can know because BTC is open source and traceable, isn't Fiat the perfect one for crime than Bitcoin? With power you can be dirty with Fiat, but not Bitcoin, you will eventually be bursted.

Making it the wrong place for crime to exists.

[Hatchy]

Nahh, people still get away with stolen funds using bitcoins.It's still possible to hide your trace of your coins using privacy tools like coinjoin or mixers. The idea is that people of high status like Trump, usually have a lot of eyes on them, not that their name was written in their wallet address to specify they own it, but literally they made certain announcements when they had bought their coins, making it's not private but a public agenda.

Criminals won't be so stupid to do such, they are very much aware of the implications that follows so, they would literally use those privacy tools to hide tracks.. fact is, they give good mixing services bad reputations like we have seen alot on the forum, not that they get caught..

[Josefjix]

The way you were posting your topic was just seeming like names are now tied to Bitcoin wallet address, but that's not what you were meaning. If I decide to scam you using my newly generated Bitcoin address from decentralized wallet, can you trace me and get me caught? You can only do so if you forcefully ask the centralized exchange I trade the Bitcoin to Fiat for the details of my information, and I doubt you won't be given.

It's impossible to identify the owner of a Bitcoin wallet address except the owner publicize it, only then you can track the transactions and balance on it.

[Woodie]

Its definitely a 50/50 situation when it comes to being tracked,  if say a kidnapping happened and this guy wasn't smart enough not to know that he/she could be tracked if they used an exchange address to receive these funds and went ahead anyway..then for certain using police and all that there might be a 70% chance of bursting such a criminal...but for the exposed , let's just say they could easily cover their tracks and get away with it.

Otherwise when it comes to crime it's just not worth it if anyone wants to go this road because you give up your freedom and always on the lookout,  let's think twice..

[Bastketsrus]

Criminals are now realising that Bitcoin is not on their sides, atleast not like the likes of Fiat currency.

It's easier to get bursted doing your crime using Bitcoin as your means of payment, it's only criminals with zero knowledge that will choose Bitcoin as their money for funding their crime.

The power that Bitcoin gives us has never been seen before, if someone told you in 2005 that sooner we will start seeing the worth of our leaders you will say impossible.

Today we can know how much Trump Bitcoin wallet is worth, the more popular you are in this world the easier it is to figure your Bitcoin worth, unless you don't share your address at all, this is the only way your identity remain unknown.

Who dares go to the bank and ask for a governer's bank account balance? But now we can know because BTC is open source and traceable, isn't Fiat the perfect one for crime than Bitcoin? With power you can be dirty with Fiat, but not Bitcoin, you will eventually be bursted.

Making it the wrong place for crime to exists.

So true. People still think Bitcoin is good for crime, but it’s actually the worst choice. Everything’s traceable, and once you slip up, it’s all out there. Fiat’s way easier to hide behind.

[Despairo]

You have to know crime often happen via online, fiat is great asset for crime, but it's only used in offline. If a criminal hack banks, they till leave a trace because they need to access the system and they have to convert the money to something untraceable, in this case it's usually cryptocurrency.

I think in cyberattack they're forced to use cryptocurrency because they won't withdraw the money through banks.

Even Bitcoin isn't as anonymous as cash, but it's one among many options for cyberattack.

[CryptSafe]

For this reason, some country leaders have refused to get themselves involved with bitcoin as a result of its transparency and accountability that would not allow them to do their dirty work with it, but choose to stick to their fiat and old financial way of transacting so that they could be able to play their dirty games and no trace could be found if there is any allegation against them.

As for criminals who plan using bitcoin for their dirty games, sorry is their name because they would definitely be caught in the act and I am curious if they have no sense in trying such looking at the fact that even criminals who tried stealing huge amount of money in bitcoin in the pst were all tracked and arrested. Maybe any criminal who thinks of such is inundated with happenings around the crypto space and any of such mistake would definitely get them exposed and arrested as well.

[GreatArkansas]

People will still do it regardless.
Just take a look at how Fiat works with criminals; it's still happening. So for me, in Bitcoin, it will just become fiat in terms of criminal activities, like it will become a nature of it and can't be avoided.

[zasad@]

A long time ago, a famous speaker said that all traces of a crime remain in the blockchain for life, and any researcher can try to study the chain of transactions.

Although it is not a problem for known criminals to store their assets in bitcoins and cash them out.
Lazarus Group
https://intel.arkm.com/explorer/entity/lazarus-group

[Patikno]

I think what OP means is true that actually what criminals do using Bitcoin can still be traced, even though they use a service to make it difficult to track, but I think it can still be traced even though it is difficult for now, and I think it could be possible in the future to track it easily, because we know that technology is developing, so it is possible to do it. I also see that some cases can still be revealed in money laundering involving crypto or Bitcoin as a tool, and I think this is also one of the proofs that there are still loopholes, and I also see that it involves blockchain analysis to do it, cmiiw.

[avp2306]

Criminals are now realising that Bitcoin is not on their sides, atleast not like the likes of Fiat currency.

It's easier to get bursted doing your crime using Bitcoin as your means of payment, it's only criminals with zero knowledge that will choose Bitcoin as their money for funding their crime.

The power that Bitcoin gives us has never been seen before, if someone told you in 2005 that sooner we will start seeing the worth of our leaders you will say impossible.

Today we can know how much Trump Bitcoin wallet is worth, the more popular you are in this world the easier it is to figure your Bitcoin worth, unless you don't share your address at all, this is the only way your identity remain unknown.

Who dares go to the bank and ask for a governer's bank account balance? But now we can know because BTC is open source and traceable, isn't Fiat the perfect one for crime than Bitcoin? With power you can be dirty with Fiat, but not Bitcoin, you will eventually be bursted.

Making it the wrong place for crime to exists.

Nope this is still friendly for them since they still have lots of ways to take out those stolen funds since there are lots of platforms they can use to exploit things and make everything goes in their favor.

Also no criminals would use regulated platforms since they know that they won't succeed on their crimes especially that most of these platform ask KYC.

But criminals have fewer option since government make sure to regulate everything they know that can possibly block their investigation. Maybe there would be some time that Bitcoin will be not friendly to criminals especially if government knows how to track every transaction they made. Also if they can take down all the mixers which usually help this people to wash their illegal funds.

[Alpha Marine]

Knowing how much a person has in Bitcoin doesn't mean you know how much he has because there are many other places his money can be. Additionally, we are expected to know the value of public servants and politicians. Their worth shouldn't be a secret, whether it's in bitcoin or otherwise, they have to declare their assets.

Although Criminals still get away with crimes with Bitcoin, I've never understood the propaganda of "Bitcoin is for criminals" because the numbers show that less crime is committed through Bitcoin compared to other crimes. The blockchain is too transparent for criminals wouldn't like all their business in the open like that, even though it cannot be linked to them. As long as it's in the open, time is all that's needed to link those transactions and addresses to them.

[348Judah]

Criminals are now realising that Bitcoin is not on their sides, atleast not like the likes of Fiat currency.

To start with, you may not have to bolden all your content before your point of view could be heard, you can read more on posting etiquettes from here https://bitcointalk.org/index.php?topic=5184741.0#post_altgiveaway

To furthermore emphasize on the subject matter, we cant stops criminals from using their desired currency to perpetrate scam, the way they can use crypto for this same purpose, same also they can choose to use fiat as the case may applies to them.

However, it is not perfect enough that we assumed all bitcoin transactions are under the pretends of an illegal transaction, because we are all not scammers that uses bitcoin to stole on what belongs to others, bitcoin scam is less compared to that of fiat, yet the governments are seeing it that the intention for its creation was to harbor scam, which they have always been wrong about.

[pooya87]

Compared to cash, it is obvious that cash provides the ultimate privacy and anonymity but compared with fiat (using banking system) it is obvious that it is impossible to use fiat for anything criminal. When it comes to international criminal activities, it also seems like bitcoin is the best choice for criminals!

For example for the past weeks Iranian law enforcement and security services have been arresting terrorists and dismantling terrorist networks created by and funded by the NATO-Zionist-Takfiri Axis as I explained here. It turns out that the US regime has been paying many of them with bitcoin and tether!

It shows a couple of things. First is the fact that US regime has adopted cryptocurrencies more than we thought. Second is that they are using it for criminal activities (namely funding terrorism) and finally it proves that it appears that the US regime prefers bitcoin and tether for their criminal activities instead of fiat.

[Marykeller]

Nahh, people still get away with stolen funds using bitcoins.It's still possible to hide your trace of your coins using privacy tools like coinjoin or mixers. The idea is that people of high status like Trump, usually have a lot of eyes on them, not that their name was written in their wallet address to specify they own it, but literally they made certain announcements when they had bought their coins, making it's not private but a public agenda.

Criminals won't be so stupid to do such, they are very much aware of the implications that follows so, they would literally use those privacy tools to hide tracks.. fact is, they give good mixing services bad reputations like we have seen alot on the forum, not that they get caught..

Because of the reason you gave about the mixer(hiding the traces of coins), that is the main reason why some countries governments are against mixers, not in support of them, because through mixers, terrorism can be funded and other illegal activities can be carried out without traces. And those involved won't be made known.

It wouldn't sound nice in a government hearing that a transaction run in Bitcoin they want to find out about is untraceable to them

[OcTradism]

Today we can know how much Trump Bitcoin wallet is worth, the more popular you are in this world the easier it is to figure your Bitcoin worth, unless you don't share your address at all, this is the only way your identity remain unknown.

I really don't think we can know Trump's Bitcoin wallet, honestly. I am not the USA citizen and don't know about mandatory responsibility of the USA President to share all of his information including wealth and Bitcoin wallet adresses to their citizens.

If you know it, and know the source link of such mandatory responsibility as well as the Bitcoin wallet addresses owned by Donald Trump, you can share. I believe not only me but many people are curious to know it.

Bitcoin with open source, and non custodial wallets can give us rights and good tools to have privacy and even anonymity but it depends on our practice.

[Zaguru12]

The way you were posting your topic was just seeming like names are now tied to Bitcoin wallet address, but that's not what you were meaning. If I decide to scam you using my newly generated Bitcoin address from decentralized wallet, can you trace me and get me caught? You can only do so if you forcefully ask the centralized exchange I trade the Bitcoin to Fiat for the details of my information, and I doubt you won't be given.

It's impossible to identify the owner of a Bitcoin wallet address except the owner publicize it, only then you can track the transactions and balance on it.

This is probably what the OP might be saying using a centralized exchange without it the trace to a wallet owner  not that easy and almost impossible, yes the blockchain is a public ledger where all transactions are publicly seen but the transactions been tracked to a person is something not easy expect the person himself actually gives a clue and the clue is the address must have been used in a centralized platforms before or must have interacted with an address from centralized exchange before and if so the government can easily get the information from the exchange must especially those under their regulations.

But for someone to use different addresses, spend on decentralized exchange or even mixed them it becomes hard to trace, although some sophisticated chain analysis can still trace the address to all addresses it interact with but without centralized exchange interaction it is difficult to get the real identity of the owner. So total anonymity is still possible

[shield132]

Criminals are now realising that Bitcoin is not on their sides, atleast not like the likes of Fiat currency.

It's easier to get bursted doing your crime using Bitcoin as your means of payment, it's only criminals with zero knowledge that will choose Bitcoin as their money for funding their crime.

Bitcoin has always been a bad choice for criminals because every transaction is stored on blockchain. Blokchain is like a public book where everyone can see anything at any time. Every transaction of criminals is publicly stored on it, so it's a very bad choice for it but since recent years, we didn't know how to track it, that's why people were saying that Bitcoin is anonymous.

The power that Bitcoin gives us has never been seen before, if someone told you in 2005 that sooner we will start seeing the worth of our leaders you will say impossible.

Today we can know how much Trump Bitcoin wallet is worth, the more popular you are in this world the easier it is to figure your Bitcoin worth, unless you don't share your address at all, this is the only way your identity remain unknown.

Who dares go to the bank and ask for a governer's bank account balance? But now we can know because BTC is open source and traceable, isn't Fiat the perfect one for crime than Bitcoin? With power you can be dirty with Fiat, but not Bitcoin, you will eventually be bursted.

Making it the wrong place for crime to exists.

How do you know how much does Trump's Bitcoin wallet worth? Consider that exchanges are very popular these days. Trump can be holding Bitcoin on his exchange account, which is no different from bank account. If Trump stores his Bitcoins on Bitcoin address and publicly states that information, then you'll know how much Bitcoins he owns on that wallet but otherwise you'll have no idea.

[BitGoba]

Bitcoin is created to serve as decentralized money, peer-to-peer cash. Now many ask what money is. Money is a means of exchange, a means of storing value, a means of expressing value.In order for everyone to be able to trust that monetary system, it is necessary to know how much money is in circulation. We must know that no one manipulates that monetary system, that they don’t print money for themselves like, for example, in the fiat system when a small group decides and everything is secret, and then they can devalue our money whenever they want and we cannot see anything. Ordinary people only feel the price increases and loss of purchasing power later, while criminals and insiders within the fiat system who are the first to receive that new money can buy assets, property, or other resources at lower prices.Cantillon efekt. With Bitcoin, there is no such thing because Bitcoin is a transparent monetary system... but of course, when Bitcoin replaces fiat, Bitcoin will be completely private in a circular economy.

[cabron]

This is if the person publicly shows his wallet but for the most part its the government who can access the wallets of someone when the exchanges who holds out KYC documents partnered with the governments. This is when we know surveillance is for real.

Sooner exchanges will act like banks and these days, there are exchanges backed by the government already.  So if the government wants to check your finances, the go to place is the exchanges.