And the worst feeling ever is when the words Bitcoin and crime/criminal are in the same sentence. That's when Bitcoin is dismissed as a dirty currency. And, as such, it has to be severely regulated in such a way that its wings are clipped hard. This means government resources and powers are utilized to arrest the freedom that Bitcoin is providing to the people.
bad feeling? that thing that you're thinking is already happening. Bitcoin tracking, blockchain analysis, tracking of users, etc, none of that is new to the crypto ecosystem. The latest news about Coinbanse[1] was pretty much a confirmation that big exchanges are working hand-to-hand with the govt
It is difficult in the sense most people want to trade anonymously but bad eggs are using it in a wrong way. Cryptoscam addresses are being stamped but the problem is that when it is being mixed, the scammer receive a new coin into addresses that were not be stamped. The only way forward is if the mixing services can detect crypto from addresses associated with scam which might be generally against their services. I literally think it is impossible to separate tracking from bitcoin if you want to retrieve stolen coin
Yet they can't be trace, what can we do more for bitcoin address flagging? we can't do much on that thing tho, they can just create bitcoin addresses with simple clicks. All we can do is track all the transaction interconnected to the addresses made for scam and fraud, then we can just warn the others to stay away from those addresses and that's it. It would be more challenging for a particular organization to find these criminals than they think of it. So it is more like of just an online blotter, nothing more, nothing less.
I'm getting a bad feeling as in I feel like it's only getting worse every time a new article pops up with these two terms.
This shows how silly and lazy the world has become. It literally takes you one "USD used in crimes in 2019" Google search to find out how manipulated you get by reading the press. Personal opinion: most of the people who get different things shaped up in their minds the wrong way are the same people who only read article titles and get to a conclusion solely based on them
I understand there are criminals out there, but it's not my fault and I don't think it's right for them to take yet another right/freedom away from me because a douche is using BTC for his illegal activity. Nor is it okay at all to try censoring a free currency. This is probably going to be a continuous cat-and-mouse chasing game where at one point there's going to be a winner: the authorities or us.
Yes and that surprises me! I know bitcoin is not completely anonymous. But unless and until the money is flown into a regulated business like exchanges, payment services, it's very difficult to track the sender. So this bold statement is really surprising. Quote from the article below
Exchanges can freeze an account if anything needs to be investigated, you can actually see this on their terms and conditions, by this authority ( cyber crime group ) can enter the scene to look for something shady in relation to any crime that can be committed online. Tracking is easy, in fact every one can do this since the blockchain is publicly stored however the tracing for who is the one using the address is nearly impossible, I haven't heard any one that has been tracked because they located their IP, just remember the fact that IP can be faked using VPNs.
