Why do bad actors use Bitcoin for money laundering if it's superior?

I'm not against Bitcoin or anything, just looking for some straightforward answers to help me understand it better since I'm new to this whole scene. I've stumbled upon news that paints a negative picture of Bitcoin, like scams on Telegram, drug cartels using it for laundering money, and thieves robbing shop owners who accept it. If Bitcoin is really better than regular currency, then why are criminals able to use it or clean their illicit gains through it? We can trace money in banks, but Bitcoin can be pretty anonymous if it's kept in wallets without KYC. Doesn't that make it a prime option for money laundering? It sure seems that way to me. So I'm here to get some clarity on why I shouldn't see it as an ideal tool for criminals to launder money.

It's crazy how you demonize Bitcoin and yet the fiat money from your country or even the USD has been used to launder money by corrupt folk in your jurisdiction, commit fraud, buy drugs and, finance crime and terrorism since time immemorial. Ever since Bitcoin came into the picture, Government looked for the perfect scapegoat but the amount of money "Laundered" through BTC is far less than that that has been laundered through fiat. So let's cut the crap of saying that BTC is only used for laundering.

Bitcoin was the victim- meaning it was used by criminals in order to transfer and purchase illegal items due to its anonymity on its transactions making it difficult for the government to track the whereabouts of these buyers. The fault here lies on the comparison. Meaning, fiat has long been used by all sorts of criminals to purchase or launder money from one place to another. Additionally, fiat is still continuously used today as the main currency for transactions. Now, do these faults still make BTC worse than fiat or the other way around? Instead of looking at the negative aspects of BTC, check the other way around. The application of the blockchain technology not only on payments but in promoting transparency has helped numerous transactions all over the world. It even found its application on some government framework in order to combat against corruption, which would definitely be the ideal situation as a whole.

It's out of hate for Bitcoin that someone thinks Bitcoin is a major tool that scammers and criminals use most to carry out their ugly plans, without including fiat among them. Nothing on earth that hasn't been used for good and bad purposes. Still, people are using them in ways they can. On that note, if we go ahead to talk about what fiat is being used for, I'm not sure you will be happier using it. Here you are, despite all, using it in your daily spending without reasoning in a day about what it has been used for by the government and individuals who use fiat for ugly purposes. Don't allow the bad things you hear about something to blind you from seeing the good side of that. Because in everything the good of that overshadows the bad. So, don't judge Bitcoin wrongly because of what the media says

You misunderstand the context of "better." Bitcoin is better for eliminating middlemen, not better for eliminating criminals. Yes, and there should have been no money laundering stories before Bitcoin was introduced. However, it's important to note that Bitcoin isn't completely anonymous. That's why so many money laundering cases have been uncovered.

Before Bitcoin there has been scam, drug cartels, fraudsters money launderers all using the fiat currency to do transactions for their deals and transactions. Imv, bitcoin is the victim in this cause Bitcoin was not created for this purpose but bad actors decide to abuse it privacy and anonymity attributes. With what you expressing it is obvious you are ignorant about bitcoin been open source giving everyone access to see the Bitcoin blockchain with all transactions tied to every addresses. No body or authority can clean any traces as it is done with the fiat transactions by banks clearing data that will lead to fraudulent related transactions. Nothing is classified in the Bitcoin blockchain, it is a ledger for all to view and analyse how and where transactions stopped. Bitcoin is the wrong currency to use for fraudulent transaction cause ones your identity is tied to an address used in those transactions you will be easily caught as there can not be any form of erasing it as it can be done with the real fraud currency called fiat.

The news about fiat abuse is greater than bitcoin. Bitcoin is digital which we can track it each satoshi, while Fiat, as paper money, is tangible and commonly used for direct criminal transactions and is untracked. Criminals know well how to treat fiat. They don't keep it in the bank so cannot be monitored, cannot be seen, and cannot be known, while bitcoin, you know well who owns it on the explorer, You'll find out who the owner is when he transfers it to an exchange. Bitcoin for money laundering is nonsense. There must be someone know who the owner.

I don't think he's trying to demonize Bitcoin per se. This sounds like someone who wants to be sure he's not doing the wrong thing by investing. When you have the Jamie Dimons and Warren Buffetts and every other opposer of Bitcoin who have made it their lives mission to criticize the coin and reduce it to nothing with their negative takes, it's sure going to put some form of doubt in the minds of people.  Op is trying to analyze Bitcoin but from a very confused perspective, and it's the duty of those who know better to set him right.  Fiat isn't regarded as evil because that's what everyone is used to meanwhile, before paper money came into circulation, there where other means of paying for goods and services but I doubt that paper money received much criticism the way Bitcoin is taking. It just goes to show that people will argue and bitch about that which doesn't favor them or they're not used to.

Bitcoin is like a kitchen knife. Its function depends on its owner. If held by a chef, it will produce delicious food, but if held by the wrong person, it will become a deadly weapon. Bitcoin is just a (neutral) tool, just like fiat money, the one who determines whether it is good or bad is the holder. It's important to clarify that Bitcoin is not a perfect way to launder money or avoid tracking. In fact, all Bitcoin transactions are recorded permanently and transparently on a public ledger (blockchain). Although there is no requirement to register a name when creating an anonymous wallet, this permanent record actually allows law enforcement agencies such as the police and FBI to track the flow of funds more easily. So, Bitcoin is not a perfect way to commit crimes, on the contrary, Bitcoin becomes very risky for criminals because all their fund movements are permanently published.

It's because every technology in the world has it's pros and cons despite it was not designed to be used like that. Just like Bitcoin, the vision of Satoshi is very different. However, there are minds that find it's loophole and take advantage of it. But it doesn't mean that Bitcoin is bad, on the contrary, it's not a good tool for criminals as everything can be seen in blockchain and can be trace to them. If there is crypto that those criminals that you are referring to, then they should use Monero and not Bitcoin as the latter is pseudo-anonymous.

Bitcoin is a double edge, good and bad so people can use for those two things whether they will use for good or bad things. We see criminals used Bitcoin for illegal things but we should see that many people used Bitcoin for legal things and even they are make money from Bitcoin. We can't just see it from one side only but take a look from both side and choose it. If we don't want to use for bad things, we can choose the good things. Bitcoin like fiat in any currency which can be used for good and bad things so that depend on how people use it.

It has nothing to do with Bitcoin being the best and then there are groups that actually commit crimes through money laundering. Money laundering models existed in various places long before Bitcoin was created. Bitcoin like fiat currencies, is a victim of illegal activities carried out by groups or individuals involved in money laundering. Sometimes Bitcoin isn't completely anonymous, which is why some cases are exposed due to activities carried out by greedy individuals or individuals. My understanding is that Bitcoin is far better at eliminating intermediaries in transactions and other things. Bitcoin wasn't created to eliminate illegal activities like money laundering because it involves individuals or groups. Even if it weren't with Bitcoin, they would do it with other forms of activity.

Money laundering is everywhere and people can use many means available for their money laundering, and Bitcoin is not an exception. Bitcoin is only one of many things used by criminals for money laundering, not the only one, and initially Bitcoin was not created and launched for money laundering purpose. You can read about gun power that was innovated not for wars, not for killing people but you surely know how it has been used after its appearance in human civilization. Bitcoin is used for criminals, money laundering is a favorite reason used to attack Bitcoin. https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms https://casebitcoin.com/critiques/bitcoin-is-used-by-criminals https://nakamotoinstitute.org/mempool/bitcoin-is-not-for-criminals/

Before i even got to know about bitcoin, the fiat has been long used as a means of collecting ransom and some kidnappers still collect their ransom via payment into the banks of other countries without the account being traced and the kidnappers being brought to book. if we are talking about kidnapping and money launder, it exist as an isolated problem to the society than a thing that is engineered because they can afford to take up their ransom in the form of bitcoin. there are certain of them that have grown to the level that they no longer accept ransom from people. what do you then call those kind of people? kidnappers are getting more exposed to technology than they were in the past. with or without bitcoin, they will still device a means of taking their ransom. just don't become a victim, that is the most important.

If your identity were leaked and used by someone else to commit a crime that could put your life at risk, would you forgive them and not care at all? You say you’re not against Bitcoin, but here you’re trying to disparage Bitcoin even though you’re asking a question. Criminal acts occur because there is an intent to commit them. Money laundering can be done using fiat currency as well. Bitcoin is highly transparent. Every transaction is recorded and can be traced. If someone intends to commit a crime, they can actually do so more easily with fiat currency.

Fiat is even more untraceable if that's about the illegal activities where it can be used for. Bitcoin isn't perfect because anything that has a use for can be used for either good or bad things. Bitcoin isn't a saint for thinking that it can't be used for those criminal activities, it had even used for that mostly in the past but when it became mainstream, that use isn't gone yet the usage of it has grown up to this point where it's now a public knowledge as an asset instead of being used for payments. To be honest, if you have no intention for money laundering you won't even think of that. Even fiat can be used for money laundering with the use of brick and mortar businesses like the casinos.

Some news about traditional money is also associated with less than positive events. Bitcoin is better than fiat money for other reasons. No financial instrument is perfect, protection from use by criminals. Bitcoin can be used by anyone, just like traditional money, because there's no "only law-abiding citizens" filter. I don't think bitcoin is a good way to launder dirty money because it's pseudonymous, whereas traditional money is ideal due to its 100% anonymity. Isn't it a bit suspicious when a newbie asks about using bitcoin for money laundering in their first post?

Cash is the perfect means of laundering money for criminals as well yet why do all the people in the world still uses cash ? Bitcoin was created as a P2P payment mechanism eliminating the middle man but some people are using it for their advantage. This is something no can control. Bitcoin still serves the purpose and it so depends on us on how we want to use it.

Maybe you forgot to recall where I mentioned that I am not against Bitcoin i only came up this topic cause i expect Bitcoin to be better and free from the usage of criminals. And I needed to be convinced on why I should take Bitcoin seriously even knowing that criminals make use of it too. I guess it shouldn't be too tough for you to convince me cause I noticed you've been a Bitcoiner for long and should have better knowledge of it.

These negative stories about Bitcoin should not bother anyone. These were the agendas pushed by critics and haters of Bitcoin just to tarnish its image and kill the great idea behind its creation. Those were myths, and Bitcoin has really grown past that stage where such agendas can hinder its growth. Fiat has been used for ages, even before Bitcoin was introduced, and fiat has never been considered bad for society. This explains how biased critics of Bitcoin can be. It is true that criminals also use Bitcoin. If the government wants to stop that, they should strengthen security in their areas of jurisdiction and not put the blame for insecurity on Bitcoin, a currency that cannot endanger lives on its own.