Post
Topic
Board Bitcoin Discussion
Re: Criminality and Bitcoin
by
mysacrifice
on 28/01/2018, 10:36:37 UTC
Not all criminal activities can be linked with Bitcoin
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.

Bitcoin's Global Circulation, Low Transaction Costs, Anonymous, Duty Free, Regulatory Immunity and Low Transaction Costs determine that it is vulnerable to criminals.

Unfortunately true. That is the saddest part of bitcoin together with many advantages. I even kind of believe that criminal money has a lot of impact on current bitcoin prices. As their demand grow, price did the same with that.