Celebrities That Own Bitcoin

We are living in a world where cyber crime is growing and growing. In such digital era, there are not many ways to tackle cyber criminals. However, the authorities in Arkansas, the United States, found that Bitcoin can actually be the answer to preventing cyber crime.

‘How is that even possible?‘ – you are thinking.

Well, mining Bitcoin gives criminals pseudonimity. However, since it is possible to track every transaction occurring on the network, it would be difficult for those investigating the matter to remain undetected by their target. Therefore, the Benton County sheriff’s office has taken a step and set up a cryptocurrency mining operation and therefore create ‘clean’ Bitcoins that can be used to gather evidence on these dark web rings.

Most of the cyber crime has been related to child pornography on the dark web and on the Internet. Here, the criminals would accept bitcoins and not payments. Since they can’t use the credit card, knowing how to get the material via Bitcoin can actually help the authorities to gather evidence and potentially identify who they are getting the material from.

That being said, the sheriff’s office in Benton, Arkansas deserves nothing but credit in the battle for cyber crime. Even though there haven’t been any significant results from this initiative, setting up a sufficient hashing power to mine Bitcoin is definitely a big investment nowadays, especially for local authorities like these.
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While some people argue that this may increase the taxes on the citizens of Benton County because of the ‘unprroven scheme’, we believe the very opposite – it can scare off the cyber criminals worldwide and prove them that one way or another, their crimes online can be tracked as soon as they see fresh payments in their wallets.