Does bitcoin facilitate criminal transactions?

in bitcoin •  6 years ago  (edited)

npd_17_00_00.v1.png

I'm interested in hearing from as many people as possible on whether you think bitcoin makes black market transaction easier or harder at the current point in time.

Years ago bitcoin was used to allow a large number of illegal transactions to be conducted on silk road - https://www.theguardian.com/technology/2013/oct/02/alleged-silk-road-website-founder-arrested-bitcoin.

Just recently bitcoin was discovered to have been used in Russia's election meddling - https://www.cryptocraft.com/news.php?do=news&id=792504.

The questions here are:

Did bitcoin aid Russia in moving money in ways that they could not have using traditional fiat?

Did bitcoin (or blockchain technology more specifically) ultimately provide investigators with a more effective method to track the flow of funds?

Have the tools to investigate such crimes become more sophisticated since the silk road incident?

What is the future of crypto-currencies in relation to crimes in both committing them and investigating them?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

To the question in your title, my Magic 8-Ball says:

It is decidedly so

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

Congratulations @helgastrxd! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

Award for the number of comments

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update
SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @helgastrxd! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!