If anyone wants to break the law they will find the means to do so. Theres more to worry about the pixel in secret communications than bitcoin. And as you do bitmining are you sure your not part of some terrorist secrect communication platform?

Or as we all know, drugs is a major fund raiser for the terrorists & he does smoke weed, so is he a terrorist supporter?

@Glenn - No you still don't get it. Regardless of how controllable or uncontrollable, Cryptography is just that - A means to encipher data. You highlighted the answer yourself - you blame the person who pulled the trigger & not the gun so where is Cryptography different?

Frequently Asked Questions
Find answers to recurring questions and myths about Bitcoin.
https://bitcoin.org/en/faq

I wonder with modern computers if the code used by the Navaho code talkers could be broken?
Yes its an obscure language spoken by few. But still a language.
Could it be broken?

Of course.
All you need a translation layer on top.
For instance use a modified Goggle translate to check what language it is.

I dont quite follow you.
Coded messages are always sealed by a key.
Perhaps you should watch this.
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
All cryptography works this way.

You are seriously confused because you are focused on bit coins. They are not the only virtual currency and that is not the only way to create coins.

However, consider when the first bit coin was minted it had no value. Not even the value of the electricity needed to run the computations. How did it acquire value? Someone was willing to accept it in exchange for a non-virtual thing. It is essentially the same for paper money, that is just printed paper. Until it is "monetized" it is worthless.

But lets look at a different virtual currency, say the coins used in a virtual game. You can get them by finding them (computation) or by exchanging non-virtual money for them. But this is only assigning their value. It does not trade them between two people. Many games allow this.

To trade them you need to exchange them. You could do it out in the open and hope there are no thieves nearby. You could do it in private. Most people want to do it in private. If you are doing so between two computers on the public internet, unless you encrypt you are doing it in public and any thief can steal the exchange. If you encrypt then you are doing it in private.

Monetization does not require encryption. Bitcoin may use it, but it is not a requirement to exist. Technically trading doesn't, but only a fool wouldn't.

I'm not confused.
But its very difficult to explain cryptography in just a few lines.

Cryptography is the branch of mathematics that lets us create mathematical proofs that provide high levels of security. Online commerce and banking already uses cryptography. In the case of Bitcoin, cryptography is used to make it impossible for anybody to spend funds from another user's wallet or to corrupt the block chain. It can also be used to encrypt a wallet, so that it cannot be used without a password.

P2P

Peer-to-peer refers to systems that work like an organized collective by allowing each individual to interact directly with the others. In the case of Bitcoin, the network is built in such a way that each user is broadcasting the transactions of other users. And, crucially, no bank is required as a third party.

Most people have Credit cards then there Pay Pal so payments are just as easy through the normal system as with Crypto currency's but can be traced if need be and stoped not so with Crypto currency's

"Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime.

Some concerns have been raised that Bitcoin could be more attractive to criminals because it can be used to make private and irreversible payments. However, these features already exist with cash and wire transfer, which are widely used and well-established."

Glenn the "bitcoin" of the 30's/40's/50's was called Enigma & it got broken. If you're that concerned, contact Tony Abbott asking that Australia set up their own "Bletchley Park" to crack the Enigma of the 10's known as bitcoin.

After all with the right "tools" it can be broken.

After all with the right "tools" it can be broken.

What code do you mean can be broken?
You brake keys not code.

After all with the right "tools" it can be broken.

What code do you mean can be broken?
You brake keys not code.

I can't see the word "Code" in that post. Can you?
If one has the key, the code is cracked...Correct?

If one has the key, the code is cracked...Correct?

Yes:) Too early in the morning...

And as you do bitmining are you sure your not part of some terrorist secrect communication platform?

Or as we all know, drugs is a major fund raiser for the terrorists & he does smoke weed, so is he a terrorist supporter?

Darn there is was thinking none of you would figure out I'm a terrorist dealing drugs and passing the money on to my brother muslims .....Crap I better start packing my crap up and figure out how I'm going get out of this Infidel country .

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Bitcoin Cryptocurrency Crash Course with Andreas Antonopoulos.
https://www.youtube.com/watch?v=JP9-lAYngi4
It takes an expert to do an explaination of Bitcoins and it takes more than a hour to explain it:)

Code Kat said:

It takes an expert to do an explaination of Bitcoins and it takes more than a hour to explain it:)

Takes a second to whip out from pocket Cold Hard Cash. Couple more seconds to Swipe Dat CredCard, and a couple more to type info and click.

No BitCoins, nor Explaining needed.

A Caveman can Do 'it'.

Mine Dat.

Yep.

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May we All have a METAMORPHOSIS. REASON. GOoD JUDGEMENT and LOVE and ORDER!!!!!

Despite a big increase in the number of merchants accepting bitcoin, the cryptocurrency doesn’t have much momentum in retail transactions. Unlike credit cards, any fees are paid by the purchaser, not the vendor. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or chargebacks.

The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies,law enforcement, and media. They listed money laundering, financing of illicit activities, theft, fraud, tax evasion, and use in black markets as possible. As of 2013, the criminal activities centered around theft and black markets. Officials in countries such as the United States also recognized that bitcoin can provide legitimate financial services to customers.

I wouldn't touch it with a bargepole!!

Some concerns have been raised that Bitcoin could be more attractive to criminals because it can be used to make private and irreversible payments. However, these features already exist with cash and wire transfer, which are widely used and well-established."

Code Kat said:

It takes an expert to do an explaination of Bitcoins and it takes more than a hour to explain it:)

Takes a second to whip out from pocket Cold Hard Cash. Couple more seconds to Swipe Dat CredCard, and a couple more to type info and click.
No BitCoins, nor Explaining needed.
A Caveman can Do 'it'.
Mine Dat.
Yep.

You dont walk around with your Bitcoin wallet.
You have it in your computer back home.
It's your responsibility to keep that wallet safe.

Without the wallet it takes an astronomical time to whip out from pocket Cold Hard Cash

Cash is King:)

Despite a big increase in the number of merchants accepting bitcoin, the cryptocurrency doesn’t have much momentum in retail transactions. Unlike credit cards, any fees are paid by the purchaser, not the vendor. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or chargebacks.

The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies,law enforcement, and media. They listed money laundering, financing of illicit activities, theft, fraud, tax evasion, and use in black markets as possible. As of 2013, the criminal activities centered around theft and black markets. Officials in countries such as the United States also recognized that bitcoin can provide legitimate financial services to customers.

I wouldn't touch it with a bargepole!!

Some concerns have been raised that Bitcoin could be more attractive to criminals because it can be used to make private and irreversible payments. However, these features already exist with cash and wire transfer, which are widely used and well-established."

Of course:) And virtual money has existed for decades!

Of course if you are a crook and you deal with other crooks, who do you turn to when they make off with all your virtual money

BBC-Big dark-web drug market goes offline

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Code Kat said:


It takes an expert to do an explaination of Bitcoins and it takes more than a hour to explain it:)


Takes a second to whip out from pocket Cold Hard Cash. Couple more seconds to Swipe Dat CredCard, and a couple more to type info and click.

No BitCoins, nor Explaining needed.

A Caveman can Do 'it'.

Mine Dat.

Yep.

good to here you think Bitcoin is not needed so why did you guys allow it to be released then.

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owwww Brnie that ones a bit rude but fair enough i'll pay that one after my post about being a secret terrorist . heheheheheehe

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Of course if you are a crook and you deal with other crooks, who do you turn to when they make off with all your virtual money
BBC-Big dark-web drug market goes offline

Your example from BBC doesn't include any Codes or Cyphers or Cryptography.
What's your Point?
Virtual money exists in many forms such as Bitcoin.
Bitcoin however doesn't exist without Cryptography, transaction blocks computed by only two parts, the buyer and the seller. And of course key mangement.
The buyer or the seller can be crooks but it's up to the communite to decide that.

Of course if you are a crook and you deal with other crooks, who do you turn to when they make off with all your virtual money

BBC-Big dark-web drug market goes offline

They must have watched this :-)

BBC mentioned this however.
The Tor network conceals information by bouncing data through several different machines and encrypting it at every step.

Tor has been praised for providing privacy and anonymity to vulnerable Internet users such as political activists fearing surveillance and arrest, ordinary web users seeking to circumvent censorship, and women who have been threatened with violence or abuse by stalkers. The U.S. National Security Agency (NSA) has called Tor "the king of high-secure, low-latency Internet anonymity", and BusinessWeek magazine has described it as "perhaps the most effective means of defeating the online surveillance efforts of intelligence agencies around the world".[32] Other media have described Tor as "a sophisticated privacy tool",[33] "easy to use" and "so secure that even the world's most sophisticated electronic spies haven't figured out how to crack it".