building a crypto criminal database

Kaiden

Member
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
my previous statement is further confirmed. So how are we going to flag criminal wallets so that they cannot be used in the future? Because that's censorship, and Bitcoin is a censorship-free cryptocurrency.

As others have told me in a previous thread of mine about mixers, at one point we will most likely all own Bitcoins that came from addresses that have been used in criminal activity or in mixers. So are we going to flag all these addresses? How do you censor a censorship-free system?
 

Giovanni

Member
Yeah I feel you on being uneasy about tracking and flagging wallets. Seems like something a centralized system would have levied on it. That said, countries have their best interests in mind. The crimes being committed with cryptos in SK seem pretty bad so they probably want to mitigate that any way they can
 

Jesus

Member
Its easy to track they say. Its their project so if they can track criminals and put it in a database then tis their call. Blockchain tracks can be used to build cases and proof just how as we find it useful in finance.

Korean exchanges and probably the rest of the exchanges in Asia like Binance had already grabbed a lot of information from us as part of their database to scrape
 

Calvin

Member
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
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.

When these two words are almost equated, that's when the mere mention of Bitcoin evokes fear in people and a stereotype is created.

I guess it is not enough to implement the likes of KYC and all. There might come a time when people will have to register their Bitcoin address.
Cheesy
 

Stone

Member
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
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
 

Jair

Member
There are a lot of people are making a crime with the use of the cryptocurrency because they think no one will detect and find out them because with the use of the transactions they made but they are wrong because once you are a criminal into the world of the internet let's say you are a hacker everything you made there is a digital footprint this is called for the things we are doing to the Internet and we can not avoid leaving a footprint on it that's why they caught immediately I don't think so why they are still doing this job because this is an illegal I know they want to earn money but still there is another way to do this.

That's the reason why some of the platforms requiring the use of the KYC so they can verify all of their users and avoid getting too many problems and the help if there is. trouble might happen with their platform even in data.
 

Ahmir

Member
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
my previous statement is further confirmed. So how are we going to flag criminal wallets so that they cannot be used in the future? Because that's censorship, and Bitcoin is a censorship-free cryptocurrency.

As others have told me in a previous thread of mine about mixers, at one point we will most likely all own Bitcoins that came from addresses that have been used in criminal activity or in mixers. So are we going to flag all these addresses? How do you censor a censorship-free system?
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
 

Diego

Member
I honestly don't know how I feel about this. While I obviously do want these cybercriminals to be found and arrested, I have a bad feeling whenever I see the words "Bitcoin" and "tracking" in the same sentence. It only looks like the "let's find a way to identify BTC users" plot thickens every day.
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
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.
 

Cole

Member
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
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.
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.

When these two words are almost equated, that's when the mere mention of Bitcoin evokes fear in people and a stereotype is created.
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
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
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.

There surely has been an instance even you have been through where you paid in cash at a shop and the banknotes you've used have once been used in an assassination or some other crime. This "used in crimes" excuse is just without sense .. honestly. It's a stupid excuse for abusive control.
 

Maxwell

Member
Its easy to track they say. Its their project so if they can track criminals and put it in a database then tis their call. Blockchain tracks can be used to build cases and proof just how as we find it useful in finance.

Korean exchanges and probably the rest of the exchanges in Asia like Binance had already grabbed a lot of information from us as part of their database to scrape
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
 

Ivan

Member
Its easy to track they say. Its their project so if they can track criminals and put it in a database then tis their call. Blockchain tracks can be used to build cases and proof just how as we find it useful in finance.

Korean exchanges and probably the rest of the exchanges in Asia like Binance had already grabbed a lot of information from us as part of their database to scrape
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.
 

Kingston

Member
Companies like chainalyses can easily track BTC already so that´s not the point. I´m afraid to gain more users and to reach some sort of mass adoption it needs to be safer to use Bitcoin, perceived safer from the newbies! A criminal database could help emowering that feel of security, again especially for rookies
 

Juan

Member
It's as if most of them are finding a way or two to monitor the movements of people, and are just using the words "criminals' vaguely to further their agenda and have a justification on what they do. I do not condone criminal activities and any activities relating to it, but if it crosses the line on civilian's privacy and right to keep their information safe and secure, that's when I step up. Besides, there are tons of analysis tools that law enforcement use to catch criminals on their feet doing nefarious things, why add yet another method on doing so? Idk, perhaps they are exaggerating their response to criminal activities concerning crypto, when in reality most of the dirty stuff happens in fiat.
 
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