Quote from: coynedterm on January 21, 2018, 12:01:49 PM

Quote from: Jake052478 on October 10, 2017, 12:43:35 AM

Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.

These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.

Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.

Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement wont be able to get a handle on this new cybercrime.

I don't think now bitcoin is at that level were it is uses by the illegal workers to make illegal deals because bitcoin now not more anonymous currently because the main reason is that online attention of the transaction is now more by the governments of the countries ,so no chance for the person to use bitcoin for illegal works .
And also we can see that people are mostly paying tax for the use of bitcoin and everything is in online ,so no one will try to use bitcoin with wrong person .
It was old time when few people were using bitcoin for such types of works which were not good , but now bitcoin is more clear and people are using for trading and payment system .

I agree with you but now that people know more about it the crimes are also getting higher nobody knows how much money you send for something illegal because it is anonymous.