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Author Topic: Europol Cybercrime Report: The Dark Side of Bitcoin is Coming Into Light  (Read 2243 times)
traderman (OP)
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February 24, 2015, 09:58:33 PM
 #1

Looks like there is some evidence emerging of bitcoin being used by some bad actors.

http://www.btcfeed.net/news/dark-side-bitcoin-coming-light/
odolvlobo
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February 25, 2015, 01:51:13 AM
 #2

Quote
“The continuing evolution in the technology of payments, particularly with Bitcoin, raises interesting ethical questions.”

All new technologies raise ethical questions because they give people the abilities to do things that have never been done before.

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Satoshi is rolling in his grave. #bitcoin


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February 25, 2015, 01:57:55 AM
 #3

"uncovered hard evidence, of anonymous groups running bitcoin fundraisers for the Islamic State on the dark web”
so if they were to use gold and/or usd, they would be terrified of that ability also?

cheers
CtrlAltBernanke420
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February 25, 2015, 02:27:01 AM
 #4

Anything you can do in bitcoin I can do in dollar but better…
traderman (OP)
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February 25, 2015, 02:32:34 AM
 #5

Not exactly true. The whole argument that dollars are the same as bitcoin is bs. You can't send dollars with same speed and convenience as bitcoin.

Anything you can do in bitcoin I can do in dollar but better…
mercistheman
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February 25, 2015, 03:41:00 AM
 #6

$s are less tracable
koelen3
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February 25, 2015, 05:16:48 AM
 #7

There have been always a Dark side to everything and bitcoin being used for child pornography , ransom and labour is n new story , that happens all the time with fiat and with the increase in scientific area , it's getting worse .
But would things really stop for that reason???
koelen3
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February 25, 2015, 05:17:55 AM
 #8

Anything you can do in bitcoin I can do in dollar but better…

Every dollar have a unique number which can be traced
Though in case of bitcoins , services like bitmixer or other ideas if used carefully can avoid it
bitbaby
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February 25, 2015, 05:25:04 AM
 #9

Guns were invented to protect us but now bad people are using it to kill innocent people. Planes & Ships were invented to reach the farthest corners of the world but now bad people are using it to transfer illegal materials all over the world. The list can go a long way for the inventions that were made for good and are being used to do bad. Why blame bitcoin??

Bitcoin is just another good invention that's being used by some bad people also.

koelen3
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February 25, 2015, 05:28:29 AM
 #10

Guns were invented to protect us but now bad people are using it to kill innocent people. Planes & Ships were invented to reach the farthest corners of the world but now bad people are using it to transfer illegal materials all over the world. The list can a long way for the inventions that were made for good and are being used to do bad. Why blame bitcoin??

Bitcoin is just another good invention that's being used by some bad people also.

Yes ! I never saw a gun killing someone , it has always been the bad guys
Lauda
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Terminated.


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February 25, 2015, 05:32:18 AM
 #11

It is their job to spot illegal usage of things.
Obviously, they aren't good at it.

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February 25, 2015, 05:40:18 AM
 #12

It's rather unfair that the blame is placed onto bitcoin when in reality criminals also use fiat to commit illegal activities. Think on the good side. Anonymous feature will allows us to keep our personal information safe. Bitcoin is a good invention the problem here is that it has been misused.

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February 25, 2015, 05:50:40 AM
 #13

I would have been dissapointed, if it could not be used for "bad things" ....it is a currency after all... if I could not buy drugs and illegal goods with it, it would have been good for law enforcement and bad for the Bitcoin users... that would mean, that it has no value. { A currency MUST be able to buy ANYTHING ...good and bad... if not... it would be worst than fiat/credit cards etc... }

People use all other payment methods to do illegal things, why should Bitcoin be different?

On the other side of the virtual coin. {pun intented} .... It would be great to have a currency, where you could trigger "tracing" markers for law enforcement to use, to track coins being used for these purposes. {Some people says... color coins} The trigger should only be "disabled" once the coins are cleared, rendering it useless.

There are lots of discussion, if this is the solution, but it's a step in the right direction.... The protocol can be changed to accomodate for that, but the application is a whole other ball game. {How do we stop the human factor, from doing the wrong things with this?}

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traderman (OP)
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February 26, 2015, 01:18:17 AM
 #14

How would the protocol be changed?

I would have been dissapointed, if it could not be used for "bad things" ....it is a currency after all... if I could not buy drugs and illegal goods with it, it would have been good for law enforcement and bad for the Bitcoin users... that would mean, that it has no value. { A currency MUST be able to buy ANYTHING ...good and bad... if not... it would be worst than fiat/credit cards etc... }

People use all other payment methods to do illegal things, why should Bitcoin be different?

On the other side of the virtual coin. {pun intented} .... It would be great to have a currency, where you could trigger "tracing" markers for law enforcement to use, to track coins being used for these purposes. {Some people says... color coins} The trigger should only be "disabled" once the coins are cleared, rendering it useless.

There are lots of discussion, if this is the solution, but it's a step in the right direction.... The protocol can be changed to accomodate for that, but the application is a whole other ball game. {How do we stop the human factor, from doing the wrong things with this?}
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February 26, 2015, 08:38:08 AM
 #15

Bitcoin is just neutral tool. Different ppl can use it in different way, bad or better. The one who blames it is the one who don't like or is affected by it. It is not the fault of bitcoin. It just depends on who are dealing with it.

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February 26, 2015, 09:41:32 AM
 #16

Bitcoin is just neutral tool. Different ppl can use it in different way, bad or better. The one who blames it is the one who don't like or is affected by it. It is not the fault of bitcoin. It just depends on who are dealing with it.

Or rather on who is using it
Hamuki
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February 26, 2015, 09:59:09 AM
 #17

How many USD in BTC is used for drugs, and other illegal stuff?

And how many USD in Fiat Currency is used for Drugs and other illegal stuff.

That is the problem people see when they hear about BTC.

They never hear about all the good stuff that people donate a lot to charity and its being used for normal
purchases on the web for games and physical items.

criptix
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February 26, 2015, 10:20:01 AM
 #18

you people dont see the main culprit, it is the internet!
ban the internet!

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turvarya
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February 26, 2015, 11:46:17 AM
 #19

Guns were invented to protect us but now bad people are using it to kill innocent people. Planes & Ships were invented to reach the farthest corners of the world but now bad people are using it to transfer illegal materials all over the world. The list can a long way for the inventions that were made for good and are being used to do bad. Why blame bitcoin??

Bitcoin is just another good invention that's being used by some bad people also.

Yes ! I never saw a gun killing someone , it has always been the bad guys
Have you missed the last episode of Breaking Bad? Wink

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February 26, 2015, 11:49:56 AM
 #20

Guns were invented to protect us but now bad people are using it to kill innocent people. Planes & Ships were invented to reach the farthest corners of the world but now bad people are using it to transfer illegal materials all over the world. The list can a long way for the inventions that were made for good and are being used to do bad. Why blame bitcoin??

Bitcoin is just another good invention that's being used by some bad people also.

Yes ! I never saw a gun killing someone , it has always been the bad guys
Have you missed the last episode of Breaking Bad? Wink

The gun was mounted in the trunk by a human.
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