Quote from: Wind_FURY on December 02, 2016, 03:05:41 AM

Quote from: deisik on December 01, 2016, 01:47:02 PM

Quote from: buwaytress on December 01, 2016, 01:29:05 PM

Quote from: Snorek on December 01, 2016, 03:54:07 AM

Ransomware is natural evolution of cyber crime, it is not because bitcoin was invented we have this problem - it is the the other way around.
Blaming BTC for ransomware is like blaming RSA encryption schemes or any other encryption method - because thanks to them our files can be targeted...
Cryptocurrency is a just a catalyst for every cyber crime but it is too late to back off, if not BTC they would be using LTC, ETH, XMR or Dash - it doesn't matter.

Scare tactics and economic propaganda seem to be working as these misconceptions are still pervasive - even within the crypto community it seems.

If you think about it, BTC is actually NOT an excellent tool for doing stuff online - not when you have to go through the trouble of washing your bits a billion times (and believe me, the most dogged Tom, Dick or Harry can still trace back your bitcoins).

Doing fiat with corrupt bank officials is still the choiciest and easiest way for criminal activity. You can't "fix" the blockchain.

You are talking about big time criminals, for example, illegal arms merchants or human trafficking operators. And I suspect that the latter are not very interested in doing stuff online altogether, they are more "mundane" in this respect. Smaller fish like scammers, fraudsters and darkmarket users whose illegal activities are conducted mainly through Internet might not have such option readily available to them. And this is where Bitcoin gets quite handy...

Even if you have to wash your dirty coins a few times

There is one use case where a big time crime ring could make use of Bitcoins. What about kidnapping for ransom? It would be a lot easier for them to collect money if it was done thru Bitcoin. Let us all wait for the day that a Mexican cartel ransom demand is done in Bitcoin. Or do you see how the big time hit men in the movies only use their computers to send and receive funds? That could happen with the use of Bitcoins. It will be much easier for them and safer.

I don't think it's not more easier to loot bitcoins like regular Fiat. You need a wallet.dat or private key to sweep your wallet. Else it's not at all a possible one until you open and send it