BITCOIN BEING USED TO PAY FOR DEPRAVED ACTS ONLINE - EVEN RAPING AND BURNING BABIES - Top cop complains that legislators and big business resist clamping down on Bitcoin crimes

The other side of the coin.  Bitcoin was celebrated as a way to free consumers from greedy and corrupt Banksters.  But Bitcoin is  being used to pay for acts of evil against the innocent, and other illegal transactions.

 

DAILY MAIL - Disturbing new internet child abuse sees toddlers raped and burned live on webcam as paedophiles use Bitcoin to stop being traced, warns police chief. 

Mark Wainwright, director of Europol, warned of depraved new trend

Paedophiles pay for sick online 'shows' using untraceable Bitcoin

Mr Wainwright warned that police and politicians struggle to keep up  

He said: 'The level of depravity seems to be descending year on year, frankly, including what seems to be in vogue now, which is live webcam 'shows' of toddlers not just being raped but being burnt with cigarettes.   Mr Wainwright warned that Bitcoin - a 'crypto-currency' based on mathematical formulae and independent of any government or central bank - is propping up a criminal black market. 

Mr Wainwright warned that the principle that everyone's online activity should be anonymous by default needs to be challenged in order to police the internet effectively. 

 

He criticised the sluggish response from the police, politicians and big businesses, saying that equivalent levels of crime in the physical world would be 'front page news.'  He told The Times: 'It is frustrating that we are not getting the message out, at least not loud enough for legislators to hear it.'

 

The Internet Watch Foundation pressure group has recently claimed to have found evidence of an email scam directing people to underground websites where the sick 'shows' could be seen in exchange for Bitcoin.

 

Source

http://www.dailymail.co.uk/news/article-2609971/Disturbing-new-internet-child-abuse-sees-toddlers-raped-burned-live-webcam-paedophiles-use-Bitcoin-stop-traced-warns-police-chief.html

 

NOTE:

 

Mr Wainwright complains of the "sluggish response from the police, politicians and big businesses".   Could it be that some people in power and their friends are making fortunes with this alternative currency and don't want to it to stop the flow of profits - regardless of its costs to human lives and society? 

 

That's pretty much the same way why the ruling elite does not want to legalize street drugs.  Banks are reaping a fortune from drug trade money laundering.

 

RELATED

 

ESQUIRE MAGAZINE - Bitcoin Wound Up Being Just As Broken as the Corrupt Banking System It Was Trying to Kill

http://www.esquire.com/blogs/news/just-like-banks-bitcoin-is-broken

 

March 2014 - Whistleblower threatens to expose corruption at Bitcoin Foundation.

http://valleywag.gawker.com/whistleblower-threatens-to-expose-corruption-at-bitcoin-1538965958

 

Bitcoin is basically for criminals

http://www.businessinsider.com/claim-bitcoin-is-basically-for-criminals-2013-11

 

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Who profits from the drug trade?  The big banks.

Banks allow drug cartels to launder money, and help move huge amounts of money to terrorists

http://www.nytimes.com/2013/01/03/opinion/how-bankers-help-drug-traffickers-and-terrorists.html?_r=0

 

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