Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Quantum X on December 03, 2020, 04:54:55 PM
-
(https://i.imgur.com/5rOwZzB.jpg)
We are so much delighted when we came to know this type of creation in technology since it helps us in many ways specially when you want to be anonymous. Crypto currency allowing us to make money in a passive way through investment, trading, and the last one is by promoting the project we like to be part of.
But are we aware the dark side of crypto currency? We might think about hacking, phishing sites, and scams. Yet these are just a skin-deep problem as far as my personal opinion is concern.
Have you heard about Dark Web? It is the place in the digital world where everyone is anonymous and so illegal activities like criminals use to traffic drugs, arms trafficking, stolen and counterfeit documents such as identities, credit cards and bank credentials, hacking and technological crime services, including malware, distributed denial of service attacks, and hacking for hire. Child pornography, images of violence, and other types of abuse are in there.
Because of the use of bitcoin and other private cryptocurrencies the persons involve in these illegal transactions is hard to reveal the identities. The reason why Korean exchanges are delisting Monero since it has the infrastructure that protects the identity of the transaction of every user.
I am thinking if there is a way to stop them abusing crypto currency for their illegal matters. Any opinion?
-
Bitcoin is a popular cryptocurrency but some people using it's in a illegal ways . Most of the people using cryptocurrencies in money laundering case , smaggling . But I think bitcoin is a good platform but people can abuse it .
-
Cryptocurrency still rules the software market till date. Yet like a coin has two sides, cryptocurrency too has a dark side.Cryptocurrency is a form of digital currency which has no physical form. It contains of a block which has all the transaction details and a chain which secures the block forming a blockchain. As the transaction goes on, a huge network of blockchains form. We have various currencies across the globe.
-
Bitcoin is a popular cryptocurrency but some people using it's in a illegal ways . Most of the people using cryptocurrencies in money laundering case , smaggling . But I think bitcoin is a good platform but people can abuse it .
Bitcoin is a popular currency. It is possible to do a lot more transactions through Bitcoin. So there are many users all over the world. However, the administrations of some countries compare bitcoin transactions with money laundering. The economic situation of the governments of that country is not so easy. Bitcoin is used in all major countries of the world. Bitcoin will emerge in a new way in the next world.
-
I read a study that says people rarely use the dark web for illegal activities. Basically, people love anonymity and do not want excessive attention to their own personality. Does this mean they are doing something illegal? Of course not.
-
Unfortunately, a lot of different scammers launder money through cryptocurrencies and there is nothing to be done about it, since scammers have already gained experience of fraud in other areas before the cryptocurrency sphere, and in the cryptocurrency sphere, it is even easier for them to do dirty business, but you should not pay attention to it because there are various organizations trying to fight with scammers.
-
I think a lot more scammers launder money through fiat money than through cryptocurrencies. Although in the future this problem may become more significant and states will have to learn how to deal with it.
-
Point 1 - Just so everyone understands, the dark web precedes bitcoin. With or without bitcoin, criminals will continue to use the dark web to trade illegal items. If you can claim there is a dark side to cryptocurrency, then you must acknowledge the dark side of fiat first because they have been using that for the longest time.
Point 2 - If the authorities are serious about bringing someone down, even the dark web or cryptocurrencies cannot save these criminals. Remember the infamous store "Silk Road"?
-
There is always a bad side of every good thing, even when they don't exist, there are people in some other part of the world that will create it.
There are some cases where USDT tether confiscating user funds because they are tide to fraud and scams, making them accessible.
Since privacy coins aren't really regulated, there is little that can be done by federal agencies. They can't be track, that's why dark web keep using this coins for illegal purposes.
My little advice, stay away from privacy coins no matter how promising.
-
There have been several calls from different sectors calling for the abolishment and disbandment of blockchain and cryptocurrency technologies owing to the dark side or negative effects of blockchain. Several people have alleged that it could be use as a way of laundering money and others have said it could be a source for terrorism funding. Above all, the advantages of blockchain technology outweighs its disadvantages.
-
I want the op to think about something....
Before Bitcoin and every other cryptocurrency came into existence, all this crimes you mentions have been in existence, one thing i discover is that whatever good thing that is developed into this world must be abused in one way or the other... so criminals using crypto as a form of transaction to cover their identity is normal..Cars were invented and given to us to drive it carefully, but some of us abuse that by driving recklessly,and as a result, end up crashing the car and some unlucky ones loosing their life in the process,...this has not stopped people from buying cars and driving them the way they wish.
-
But are we aware the dark side of crypto currency? We might think about hacking, phishing sites, and scams.
We cannot say the dark side in crypto only based on them. Hacking, phishing sites, and scams don't only happen in crypto. They can happen in all digital fields. People just try to blame crypto industry for nonsense reasons. We should know that all the bad sides are a part of the digital world.
-
The dark side of cryptocurrency? Without crypto, there is a dark side of this world, the dark side of money, the dark web, and also many other dark things in this world. The problem is that we must be careful and also ready for any things that happen to them. but we also do not only focus on things.
-
But I think bitcoin is a good platform but people can abuse it .
This is the reason why I'm thinking if bitcoin will become a centralized asset I think there might have a chance to limit the the illegal motivation.
The dark side of cryptocurrency? Without crypto, there is a dark side of this world, the dark side of money, the dark web, and also many other dark things.
You are right. But as human we couldn't stop ourselves to think the possible solution to aproblem brought from a certain product not because the author intended it to happen but because of those individuals who are skilled enough to pervert the useful product into something unacceptable operation.
I want the op to think about something....
Before Bitcoin and every other cryptocurrency came into existence, all this crimes you mentions have been in existence, one thing i discover is that whatever good thing that is developed into this world must be abused in one way or the other... so criminals using crypto as a form of transaction to cover their identity is normal..
That is why I said this
I am thinking if there is a way to stop them abusing crypto currency for their illegal matters.
Above all, the advantages of blockchain technology outweighs its disadvantages.
Indeed! And I'm afraid nothing can disclose this matter.
My little advice, stay away from privacy coins no matter how promising.
I consider this as noble advice. Yet we can't deny the fact that a promising project is always a good choice and even I myself won't get rid of it since my entire intention is just to make profit. And besides who knows that you are participating in a project which could be useful for evil matters.
Point 1 - Just so everyone understands, the dark web precedes bitcoin. With or without bitcoin, criminals will continue to use the dark web to trade illegal items. If you can claim there is a dark side to cryptocurrency, then you must acknowledge the dark side of fiat first because they have been using that for the longest time.
Agree! Yet blockchain and cryptocurrencies make the dark web community safer and much easier to work on.
Point 2 - If the authorities are serious about bringing someone down, even the dark web or cryptocurrencies cannot save these criminals. Remember the infamous store "Silk Road"?
Well, the most sophisticated criminal market place in the internet. To be honest, I admire the creator of this web—
Ross Ulbricht (https://en.m.wikipedia.org/wiki/Ross_Ulbricht). Because of his talent I can't get rid asking a question, what if he is related to Satoshi Nakamoto (https://news.bitcoin.com/the-search-for-satoshi-nakamoto-a-look-at-7-suspected-bitcoin-creators/)?
Basically, people love anonymity and do not want excessive attention to their own personality. Does this mean they are doing something illegal? Of course not.
Yeah! But doing that might leads to suspicious because of the idea that not all anonymous transactions are legal.
-
Any useful invention can be used to harm people. With a knife, you can cook food, or you can kill a person. Cryptocurrency is a financial instrument in the hands of a person. It depends on the person whether something will be used for good, or for harm. Crime has always been, is and will be as a manifestation of the eternal confrontation between good and evil. Therefore, you should not pay special attention to the fact that a certain number of people are using cryptocurrency for illegal purposes. This is human nature and nothing can be done about it.
-
Being an Anonymous user in crypto transactions is someone's choice, therefore if I want to invest and trade crypto, I would choose a centralized exchange like binance, although binance exchanges have DEX, sometimes we will see centralized exchanges have a bigger volume, this is an option .
Nothing can stop fraud in crypto, I think we just need to be careful, because no crypto police or legal entity can handle this case of fraud if the user is Anonymous.
it's better to make transactions on a trusted exchange or choose a trusted online shop that accepts payments using crypto, to avoid fraud
-
The Dark side of Cryptocurrency is that a lot of shadow money can be spinning here without any tracking, which gives opportunities for many scammers to transfer large amounts of money and withdraw cash out of the law without any obstacles and problems. Also, these are large armies of hackers who consistently show everyone that do not underestimate them and reckon with them, no one can escape from them, but it is a cryptocurrency exchange or a government site or body. Over the past 10 years, hackers have stolen more than 70 billion dollars, so this is the dark and shadow side of cryptocurrencies that makes a lot of money and you are always in danger.
-
~
Agree! Yet blockchain and cryptocurrencies make the dark web community safer and much easier to work on.
There is no clear evidence that bitcoin and privacy coins made their operation/s easier. I can also assume that authorities have been watching them for a long time but wouldn't bust them yet because many of them are small time criminals. IIRC, two other big time illegal drug store on the deep web were busted after Silk Road.
~
Well, the most sophisticated criminal market place in the internet. To be honest, I admire the creator of this web—
Ross Ulbricht (https://en.m.wikipedia.org/wiki/Ross_Ulbricht). Because of his talent I can't get rid asking a question, what if he is related to Satoshi Nakamoto (https://news.bitcoin.com/the-search-for-satoshi-nakamoto-a-look-at-7-suspected-bitcoin-creators/)?
I fink that a weird hypothesis but who knows? I just don't think someone like Satoshi would need to sell for bitcoins when he already has a lot of them.
-
You can name different possibilities of manipulation and abuse of cryptocurrencies, ranging from illegal trade in prohibited goods, up to receiving bribes, but first of all, we should not think about criminals, but ordinary people who can protect their savings with the help of cryptocurrency, and can actually receive better services in everyday life. In addition, if governments have the ability to manipulate and deceive their citizens with fiat money, then people will seek protection in the cryptocurrency market.
-
(https://i.imgur.com/5rOwZzB.jpg)
We are so much delighted when we came to know this type of creation in technology since it helps us in many ways specially when you want to be anonymous. Crypto currency allowing us to make money in a passive way through investment, trading, and the last one is by promoting the project we like to be part of.
But are we aware the dark side of crypto currency? We might think about hacking, phishing sites, and scams. Yet these are just a skin-deep problem as far as my personal opinion is concern.
Have you heard about Dark Web? It is the place in the digital world where everyone is anonymous and so illegal activities like criminals use to traffic drugs, arms trafficking, stolen and counterfeit documents such as identities, credit cards and bank credentials, hacking and technological crime services, including malware, distributed denial of service attacks, and hacking for hire. Child pornography, images of violence, and other types of abuse are in there.
Because of the use of bitcoin and other private cryptocurrencies the persons involve in these illegal transactions is hard to reveal the identities. The reason why Korean exchanges are delisting Monero since it has the infrastructure that protects the identity of the transaction of every user.
I am thinking if there is a way to stop them abusing crypto currency for their illegal matters. Any opinion?
You have described really well about the dark side of crypto .I think everything have advantages and disadvantages as well .If you think about fiat it also has a risky use you can use it for any crime secretly but we need to think about usefulness .It is a platform you can use easily and lots of using on blockchain .So mate i think it is better to use it on right way we need to care ourself and don't appear on any crime with it .
-
Although cryptocurrencies are very secure, exchanges are not that secure. Most exchanges store the wallet data of users. This data can be stolen by hackers, giving them access to a lot of accounts. Most exchanges are highly secure nowadays, but there is always a potential for another hack.
-
(https://i.imgur.com/5rOwZzB.jpg)
We are so much delighted when we came to know this type of creation in technology since it helps us in many ways specially when you want to be anonymous. Crypto currency allowing us to make money in a passive way through investment, trading, and the last one is by promoting the project we like to be part of.
But are we aware the dark side of crypto currency? We might think about hacking, phishing sites, and scams. Yet these are just a skin-deep problem as far as my personal opinion is concern.
Have you heard about Dark Web? It is the place in the digital world where everyone is anonymous and so illegal activities like criminals use to traffic drugs, arms trafficking, stolen and counterfeit documents such as identities, credit cards and bank credentials, hacking and technological crime services, including malware, distributed denial of service attacks, and hacking for hire. Child pornography, images of violence, and other types of abuse are in there.
Because of the use of bitcoin and other private cryptocurrencies the persons involve in these illegal transactions is hard to reveal the identities. The reason why Korean exchanges are delisting Monero since it has the infrastructure that protects the identity of the transaction of every user.
I am thinking if there is a way to stop them abusing crypto currency for their illegal matters. Any opinion?
IMHO, I think its part of the system and we cant do anything about it. As a private citizens our capacity and capability to stop this illegal activities in the dark web is very limited, But our respective governments has a capacity to do that, Like what South Korea has doing the government has the power to order those exchange to delist those privacy focus cryptocurrencies like Monero, Zcash etc that quite hard to tract the illegal transactions using the said cryptocurrencies.
-
There is no clear evidence that bitcoin and privacy coins made their operation/s easier.
Indeed. Yet the comfort of blockchain is more than enough to ease their worries and the security they have from it is a shrine of blessing to their evil concerns.
I fink that a weird hypothesis but who knows? I just don't think someone like Satoshi would need to sell for bitcoins when he already has a lot of them.
What clears for me is that only miracle has zero possibilities in human conception with those guys brilliant guys. And that is why I can say that this is an open-ended possibility.
IMHO, I think its part of the system and we cant do anything about it. As a private citizens our capacity and capability to stop this illegal activities in the dark web is very limited, But our respective governments has a capacity to do that, Like what South Korea has doing the government has the power to order those exchange to delist those privacy focus cryptocurrencies like Monero, Zcash etc that quite hard to tract the illegal transactions using the said cryptocurrencies.
No doubt, common people is limited or even powerless in such case and our participation can only seen through our trust in the authorities. Yet even them is limited and can be more powerless when money can make them quiet.
You have described really well about the dark side of crypto .I think everything have advantages and disadvantages as well .
Thanks mate! You're right about advantages and disadvantages
So mate i think it is better to use it on right way we need to care ourself and don't appear on any crime with it .
Well to us this is agreeable but not to some who always want more without considering the way to choose.
-
Wherever, no matter in the real world or cyberspace, there will always be an opening to commit crimes. But to minimize crime, I think time will tell. Nothing can prevent people from misusing their crypto, because each individual's personality is different "the more sophisticated the security system the more sophisticated the virus will be made"
-
Every platform have their postive and negetive use , same as well bitcoin also . Bitcoin are used for illegal activities as well used by terrasist activities also. On other hand bitcoin is really perfect coin for generate good income as well .
-
As you know bad people are everywhere and from start to now most the hacker using cryptocurrency and misusing the funds because most of the cryptocurrency is decentralized and they can't be caught for stolen funds of peoples, so all hacker is using the dark web and dealing with cryptocurrency there is not using any other currency except Cryptocurrency.
-
Every platform have their postive and negetive use , same as well bitcoin also . Bitcoin are used for illegal activities as well used by terrasist activities also. On other hand bitcoin is really perfect coin for generate good income as well .
Well good sides are given and that is actually the very helping tool of those people who does not want to leave something traceable that can lead the authorities to there actual locations.
-
Be negative in contrast to every positive action; As Bitcoin is a popular decentralized cryptocurrency, it is being used for good as well as bad purposes. Bitcoin is being used in various black markets, especially smuggling and money laundering. Being a decentralized cryptocurrency, Bitcoin has the advantage of being used on the black market, as there is no transaction information.
-
Almost all cryptocurrency enthusiasts know this, and are not surprised that this is what other payment systems don't have. The decentralized system is the main reason many people choose bitcoin over Fiat.
Monero is the pioneer of the privacy coin, and if any country removes monero it is fine, because as long as there are many communities that support monero, then there's no need to worry about it.
-
Cryptocurrency and its dark side is mostly the breaking through of illegal transaction of people that want to arcguire crypto by all means I think this issue has made a lot of think that crypto is not save to invest on but it's also occure in our mind not to store our crypto assets in an exchange because these are the major reason people coins are been hacked.
-
We cannot deny that every human creation has its negative and positive effects. Especially cryptocurrency which was originally created for freedom of transaction. We should be able to see the positive side more than the negative.
-
Bitcoin or cryptocurrency are both created for all people who will choose to invest in here. Which means if the people is one of the bad guys He/She can use Bitcoin or cryptocurrency in illegal activities for sure. And this type of people is the scammers and hackers can do this 100%.
-
"The dark side of crypto - being abused by bad guys for bad intentions" - this topic is always hot, I have read everyone's opinion, and found that most of the time it is easy to accept that negative/dark side of crypto.
I never think that we need to accept any negative, we acknowledge their existence but need to fight to limit it to the maximum.
But when we find the solution to that problem of crypto, we put ourselves in the shoes of governments who feel that their power is threatened by crypto :)
As of now, we have not found a solution to this problem, and perhaps that is the biggest weakness exploited by the opponents of crypto. KYC on exchanges or platforms does not completely solve the problem, even is abused by hackers.
Perhaps we have to wait more time for advancements in legal technology to create the best solution, while ensuring anonymity and keeping crypto from being abused.
There are many people talking about CBDCs, but it's currencies controlled by governments, they're not 100% crypto.
-
I agree with you that the dark side of cryptocurrency is the mismanagement of crypto these are usually hacked by scammers crypto cannot be eliminated this requires caution since crypto is not legally recognized no legal action can be taken. You need more than luck to succeed in affiliate business then it will be possible to keep some investment safe.
-
The most important thing in cryptocurrencies market that it is running in a illegal ways. Now a days most of the exchanges , projects new projects, are being seized by hackers. Another problems is that international smuggling, money transferring, laundering and casino.
-
The dark side like this is also in the real world. So, it will not end so easily because we cannot control the world. the only thing we can do is avoiding them as can as possible. Additionally, the way is by not involved in them and be one of the crypto holders that really support the crypto for sure.
-
The dark side like this is also in the real world. So, it will not end so easily because we cannot control the world. the only thing we can do is avoiding them as can as possible. Additionally, the way is by not involved in them and be one of the crypto holders that really support the crypto for sure.
Agree, the most important thing is we are not involved in it, at least we can tell the people around us not to do the same,
Using bitcoin for illegal transactions has been done for a long time, and it cannot be avoided because this is what decentralization is all about.
-
What kind of popularity has actually increased but a lot. I think if there was no project scam, but the popularity of cryptocurrency would have increased. I have seen many people doing many projects but no love is due to the scam project. Action must be taken against scammers so that they do not run any scam project. Then I believe cryptocurrency will definitely go much further.
-
Wrong people are everywhere Most hackers are using cryptocurrency and misusing funds because most cryptocurrency is decentralized and cannot be caught for people's stolen funds, so all hackers are using the Dark Web.
-
I think everything in this world has the dark side so the cryptocurrency space is not exempted? so for me, it's common and usual and there's nothing we can do about it.
-
The dark side and the reason for which most of the countries do not make crypto legal is the use of cypto in dark web and many corrupted people send money from one country to another which is illegal. This is the most important reason why many people think Bitcoin is a bad thing.
-
The dark side and the reason for which most of the countries do not make crypto legal is the use of cypto in dark web and many corrupted people send money from one country to another which is illegal. This is the most important reason why many people think Bitcoin is a bad thing.
You are absolutely right, and that is why we have a choice, or we will subject Bitcoin and our proceeds to verification by the state and relevant structures in order to fight crime, or we will leave Bitcoin in the shadows. Although, in fact, little depends on each of us, and all the work will be done by the legislators of one or another state.
-
Cryptocurrencies are the most important and popular phenomena in whole world. But cryptocurrencies have both side positive and negative. Most of the criminal activities occurring by cryptocurrencies, international smuggling and killing missions occurring by cryptocurrencies payments. Money laundering and vat free transactions easily occurring by cryptocurrencies payments.
-
Yesterday, I saw a post on Twitter from Chainalysis that the revenue of Darknet markets in 2020 exceeded last year's figure, reaching a new high of over $1.5 billion. Do not forget that this does not include December. The amounts are certainly impressive, some countries have less GDP.
-
I think cryptocurrency couldn't stop the illegal activities in that particular dark side area where almost against the law are in there.
If that place is anonymous, then I assume even higher political persons are possible in there. Maybe they execute to judge criminals not base in the law but there law as in the dark. The hidden place where the players involve are unnamed. We called it for a layman term underground place.
I hope they will do good things than bad things.
-
Nowadays, cryptocurrency is a well-known transaction system. By using cryptocurrency, one can easily transfer money at a low cost. One can make private transactions. By doing some small tasks, one can also earn cryptocurrencies.
But there are some dark sides of cryptocurrencies. Unfortunately, some people are using cryptocurrencies for illegal activities. Criminals are using cryptocurrencies for kidnapping, ransomware, and terrorism in the darknet marketplaces. Even cryptocurrencies are being used for drug dealings, child pornography, and even for murder on the dark web. Seizing this opportunity, hackers are also hacking cryptocurrency system and stealing a lot of money. Some people have been using cryptocurrencies for laundering dirty money, scamming and so on.
Cryptocurrencies are very useful and breathtaking for all of us, but we also can not deny it's dark sides.
-
Around the world, cryptocurrencies have taken the traditional financial system by storm, offering people different ways to invest, earn and trade money using blockchain technology. But increasingly, they’re also being used to commit fraud and fund criminal activity.
-
The dark web existed even before cryptocurrency created. So in that time how they made deals in the Dark web. And there are probably very few people from the dark web use crypto for making payments. Arms dealers and other criminals use not only crypto but also fiat in their way. So it's just to de-frame crypto.
-
This is true, in dark web they are using bitcoin as a payment for doing illegal. I had read and watch documentary how they use bitcoin in paying for killing and torturing someone in front of the live camera. If im not mistaking it called Red room.
-
Yes it is. Darknet was officially launched 20 years ago, on March 20, 2000 with the release of “Freenet“: a peer-to-peer, decentralised network, designed to make it less vulnerable to attack and snooping by authorities and states.
-
Besides having many positive sides, this crypto has negative sides. Where many illegal transactions are taking place. For example, for payment of things that are strictly prohibited. And also bad business. This is what makes many countries hesitate to formalize and accept Crypto.
-
I heard about it that cryptocurrency is used not for something special and important, but for illegal affairs. And I think it will be difficult to do something about it. But I have a hope that all illegal actions with cryptocurrency will end.
-
Bitcoin is a popular currency around the world, but many people use Bitcoin as a legal tender. Again many people use Bitcoin as illegal.
-
It is not bitcoin who made it but the people who are those seeking something that can help them for their bad intention. Bitcoin turn into a tool but it is illogical to think that bitcoin has a dark side. That is not what bitcoin for hat is a man made ways to fulfil their greediness.
-
Cryptocurrency is very prone to fraud, hacking hat pishing. But it should have been aware of the beginning, because this cryptocurrency is to use the internet network or can be said it is always online. Therefore we have to anticipate it as much as possible so we do not enter the chairman of the fraud and the hacker, which is definitely this cryptocurrency has a bright future and the people in it have the potential to benefit greatly.
-
As with all kinds of innovations and new products, bad guys will always be able to find their use cases out of them, similarly some bad guys are using crypto for the bad things called dark web, I hope there will be a way in the future to stop them.
-
many people still launder large amounts of money without using cryptocurrencies and the government is weak to fight this,you just need to spend more time on the development of people and form immunity to fraud!
-
Phishing or fake site is a part of crypto space. Also, we know that many scammers ask for money in various ways. We must know about this, so we cannot be trapped by the scammers. We need to learn about the dark side of cryptocurrency as well. It will be very helpful to make us be more selective and careful.
-
The dark side of cryptocurrency is especially dangerous for beginners here, because otut can cause regret and sadness. Therefore enough experience and good communication are needed between fellow Cryptocurrency players, so that we don't get trapped by scammers!
-
(https://i.imgur.com/5rOwZzB.jpg)
We are so much delighted when we came to know this type of creation in technology since it helps us in many ways specially when you want to be anonymous. Crypto currency allowing us to make money in a passive way through investment, trading, and the last one is by promoting the project we like to be part of.
But are we aware the dark side of crypto currency? We might think about hacking, phishing sites, and scams. Yet these are just a skin-deep problem as far as my personal opinion is concern.
Have you heard about Dark Web? It is the place in the digital world where everyone is anonymous and so illegal activities like criminals use to traffic drugs, arms trafficking, stolen and counterfeit documents such as identities, credit cards and bank credentials, hacking and technological crime services, including malware, distributed denial of service attacks, and hacking for hire. Child pornography, images of violence, and other types of abuse are in there.
Because of the use of bitcoin and other private cryptocurrencies the persons involve in these illegal transactions is hard to reveal the identities. The reason why Korean exchanges are delisting Monero since it has the infrastructure that protects the identity of the transaction of every user.
I am thinking if there is a way to stop them abusing crypto currency for their illegal matters. Any opinion?
Yes if in anyway stop them abusing crypto currency for their illegal matters, cryptocurrency will be legal everywhere like Bank , school, Hospital, shopping mall, stock exchange, airport, local transport even people pay their electric bill by cryptocurrency . We will use it in legal way it's our wish .
-
Cryptocurrency is the most popular technology now a days in the world and the popularity is going to the space .But it has a big issue that the biggest site in cryptocurrency used in dark side . Some people abuse this technology for transaction like drag , child sex , arms buy and sell etc so I wish by hook or by crook it will be stop .
-
Cryptocurrency is like a coin that has both good and bad sides. If we look at the bad side, cryptocurrency can be used for various kinds of crimes. But we should be able to see more of the good side. Because with the advent of cryptocurrency, there are many things that were created that we never imagined before.
-
(https://i.imgur.com/5rOwZzB.jpg)
We are so much delighted when we came to know this type of creation in technology since it helps us in many ways specially when you want to be anonymous. Crypto currency allowing us to make money in a passive way through investment, trading, and the last one is by promoting the project we like to be part of.
But are we aware the dark side of crypto currency? We might think about hacking, phishing sites, and scams. Yet these are just a skin-deep problem as far as my personal opinion is concern.
Have you heard about Dark Web? It is the place in the digital world where everyone is anonymous and so illegal activities like criminals use to traffic drugs, arms trafficking, stolen and counterfeit documents such as identities, credit cards and bank credentials, hacking and technological crime services, including malware, distributed denial of service attacks, and hacking for hire. Child pornography, images of violence, and other types of abuse are in there.
Because of the use of bitcoin and other private cryptocurrencies the persons involve in these illegal transactions is hard to reveal the identities. The reason why Korean exchanges are delisting Monero since it has the infrastructure that protects the identity of the transaction of every user.
I am thinking if there is a way to stop them abusing crypto currency for their illegal matters. Any opinion?
Before the invention of bitcoin/altcoins in the world, they were these criminal activities, and to say that cryptocurrecy is used to finance these activities this days is just an added joke.
You see, even before this dark web or criminal groups were carrying out their activities, there was no cryptocurrecy and for the fact that they are now using monero coin to perpetuate their activities has not put cryptocurrecy on any the dark side.
This criminal activities, in my opinion must exist whether there is crypto or no crypto, the means of carrying out these acts from other sources will still be there.
-
The state of Bitcoin is currently very bright. Bitcoin Dominance has increased a lot. At present the demand in the market has increased tremendously, the price has increased due to the increase in the demand for bitcoin in the market. No one can predict the future of Bitcoin, but everyone makes predictions.
-
I do not have any prejudice for cryptocurrency because this cryptocurrency depends on who is using it.
Even cryptocurrency can be useful for everyone with Blockchain technology which is very transparent.
But if you look at the bad side, everything has a downside, including in terms of gold trading, a lot of illegal gold trade in every mine.
-
I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities
-
I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities
cIn any event, fraudsters and criminals will use any form of payment that exists at the time. It cannot be said that cryptocurrency prevails in criminal activity, since dollars and precious stones and metals appear to a greater extent in criminal transactions. I believe that there is no need to dwell on this, and not to attribute "dark" merits to the cryptocurrency.
-
I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities
But in my opinion it is the same because the cryptocurrency is used after the purchase is used with Fi or paper money.
Or vice versa, paper money is bought cryptocurrency and eventually traded for illegal trade.
This is my opinion because the money from every cryptocurrency transaction will eventually return to crypto, or vice versa.
-
Digital money actually manages the product market till date. However like a coin has different sides, cryptographic money also has a dim side.Cryptocurrency is a type of computerized cash which has no actual structure. It contains of a square which has all the exchange subtleties and a chain which makes sure about the square framing a blockchain. As the exchange goes on, a gigantic organization of blockchains structure. We have different monetary standards across the globe.
-
I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities
But in my opinion it is the same because the cryptocurrency is used after the purchase is used with Fi or paper money.
Or vice versa, paper money is bought cryptocurrency and eventually traded for illegal trade.
This is my opinion because the money from every cryptocurrency transaction will eventually return to crypto, or vice versa.
Illegal trading in cryptocurrency or cashing cryptocurrency into fiat funds can be considered such only if the state has any restrictions on this. In most cases, this activity is not illegal or complex with such consequences.
-
Lamentably, a variety of tricksters launder cash through cryptographic forms of money and there is not something to be done about it, since con artists have just picked up experience of misrepresentation in different zones before the digital currency circle, and in the digital currency circle, it is much simpler for them to do messy business, yet you ought not focus on it on the grounds that there are different associations attempting to battle with con artists.
-
Any good deed can be turned into harm if people, for whom universal values mean nothing, put their hands on it. Criminals and fraudsters will use all the possibilities of cryptography for their dirty deeds. But that doesn't mean anything. The fight against this evil will never end.
-
What can we do to stop them from using this Cryptocurrency for illegal activities, it is like criminals fighting the government so if they are caught they must be punished to have a deterrent effect. And also we must continue to campaign that these bad or illegal activities are very detrimental to all parties.