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Author Topic: Could bitcoin prevent crime?  (Read 9301 times)
Reid
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March 05, 2017, 12:53:19 PM
 #181

Actually in my opinion it is the other way around.
The bitcoin thing could actually lift up the crime. I am not giving a good opinion but it is the truth.
I have seen so much in the deep web and been offered a lot to sell my bitcoins to them.
This things should be avoided to prevent more crime.
It is just hard though. When they say they will double the price to how much you would sell them you could not just resist it easily.

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March 05, 2017, 01:33:20 PM
 #182

This would be very hard. Unfortunately bitcoin is largely being used for illegal transactions and activities and therefore it got to the bad reputation. But everything could be misused and so the bitcoin too and honestly I can't see how bitcoin could be used to prevent crime.
we are not too hypocritical although we do not know what people does with their bitcoin, but I'm sure with the anonymous nature of bitcoin, This makes bitcoin used for illegal activities.. this certainly

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March 05, 2017, 02:08:32 PM
 #183

Hats off to your way of thinking. Bitcoin is not a magic wand which will prevent crime. Bitcoin is being used for illegal transactions as well from a long time. Specially in money laundering industry bitcoin is a big hit! So it can't prevent crime in any way.

 

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March 05, 2017, 02:39:43 PM
 #184

Hats off to your way of thinking. Bitcoin is not a magic wand which will prevent crime. Bitcoin is being used for illegal transactions as well from a long time. Specially in money laundering industry bitcoin is a big hit! So it can't prevent crime in any way.

 
it all happened because of a mistake the culprit. they can not control the use of the money is right. as well as good a financial system there must be a crack / things that can be used by people who are not responsible.

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March 05, 2017, 03:02:45 PM
 #185

Hats off to your way of thinking. Bitcoin is not a magic wand which will prevent crime. Bitcoin is being used for illegal transactions as well from a long time. Specially in money laundering industry bitcoin is a big hit! So it can't prevent crime in any way.

 
it all happened because of a mistake the culprit. they can not control the use of the money is right. as well as good a financial system there must be a crack / things that can be used by people who are not responsible.

I think money could not be blamed if used for ilegal thing. That is not the money dude, but users who are not responsible use it for crimes. I think it has become the authority of the authorities, let us leave it up to them. The most appropriate way to prevents the crime itself is to start from ourselves to not commit a crime. thank you
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March 05, 2017, 07:27:12 PM
 #186

Could bitcoin prevent crime?

I believe Bitcoin transactions via online wallets could prevent crime. People are going to use Bitcoin for legal and illegal transactions, however criminal transactions are susceptible to crime as cash is used for the transaction...which encourages theft. If bitcoin were used for these shady transactions, perhaps with escrow, there would be no opportunity to steal currency - couldn't this prevent crime? (Aside from the original criminal transaction of course!)

I don't think bitcoin can prevent crime, it is because if bitcoin can be use for legal and illegal activities transaction there's now way to resolve any crime situation. Unless if all bitcoin users are gonna use bitcoin for legal or good purposes only, perhaps that's possible.

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March 05, 2017, 08:38:33 PM
 #187

For me it would help prevent crime because of the ability of bitcoin users to be anonymous, and digital currency is not that visible to human eyes unlike when you're  holding a fiat currency cash bicoin has more advantages. Btc cannot be stolen directly from your direct position, which you compared from fiat currency cash it can be easily stolen like crimes of money roberry or crime related on hold ups.

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March 10, 2017, 05:52:15 AM
 #188

Could bitcoin prevent crime?

I believe Bitcoin transactions via online wallets could prevent crime. People are going to use Bitcoin for legal and illegal transactions, however criminal transactions are susceptible to crime as cash is used for the transaction...which encourages theft. If bitcoin were used for these shady transactions, perhaps with escrow, there would be no opportunity to steal currency - couldn't this prevent crime? (Aside from the original criminal transaction of course!)

No it can't never help to prevent any crime via bitcoin. Though bitcoin was an open source, and can be use  for any illegal or legal activities. this could be the reason of some other country of why bitcoin is not welcome to their place.

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March 10, 2017, 08:05:51 AM
 #189

i don't think if bitcoin can prevent crime but otherwise bitcoin can be used to criminal activity
like money laundry buy some drugs or etc because bitcoin is anonymous the government can't track it easily
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March 10, 2017, 08:23:41 AM
 #190

Bitcoin cannot completely prevent or eradicate crime, but with the successful blockchain development in all investigation sector can make effective tracking and locking of the criminals in a very short time.

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March 10, 2017, 10:13:21 AM
 #191

Could bitcoin prevent crime?

I believe Bitcoin transactions via online wallets could prevent crime. People are going to use Bitcoin for legal and illegal transactions, however criminal transactions are susceptible to crime as cash is used for the transaction...which encourages theft. If bitcoin were used for these shady transactions, perhaps with escrow, there would be no opportunity to steal currency - couldn't this prevent crime? (Aside from the original criminal transaction of course!)

That is not possible, bitcoin as we really all know was very open to anybody, which means whether good or bad person they can used bitcoin for good and bad also. Meaning in that  case, we can see that it can't be happen even there is an escrow it will b useless.

,



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March 10, 2017, 10:24:57 AM
 #192

It will be the home of criminals!  Grin
Crime is created by human bitcoin cannot prevent that. It will always be the user who will be responsible for his actions and not the thing that he used.
Now there are a lot of illegal transactions that is done under the use of bitcoin because they know they can hide with it. Imagine this knowledge being passed to new users. It will be a chaos.

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March 10, 2017, 10:31:11 AM
 #193

It will be the home of criminals!  Grin
Crime is created by human bitcoin cannot prevent that. It will always be the user who will be responsible for his actions and not the thing that he used.
Now there are a lot of illegal transactions that is done under the use of bitcoin because they know they can hide with it. Imagine this knowledge being passed to new users. It will be a chaos.
True,bitcoin could really be used more on crime because of its anonymity features and you are right there are people who will use it to commit crime since they know they could able to make money and cant be traced if they do something illegal. This is the disadvantage of bitcoin does depend on users aims on how to use it.


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March 10, 2017, 10:53:12 AM
 #194

Could bitcoin prevent crime?

I believe Bitcoin transactions via online wallets could prevent crime. People are going to use Bitcoin for legal and illegal transactions, however criminal transactions are susceptible to crime as cash is used for the transaction...which encourages theft. If bitcoin were used for these shady transactions, perhaps with escrow, there would be no opportunity to steal currency - couldn't this prevent crime? (Aside from the original criminal transaction of course!)
Has invention of guns prevented crime or deterr criminals?
Bitcoin can not prevent crimes on its own.It is neither an objective of bitcoin.
Bitcoin is a currency and it can be used for good or bad purposes alike.
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March 10, 2017, 10:54:46 AM
 #195

bitcoin government precisely in order to bring disaster in addition to facilitate criminals to launder their money and many criminals will take advantage of anonymous bitcoin for selling drugs, etc

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March 10, 2017, 11:03:46 AM
 #196

bitcoin government precisely in order to bring disaster in addition to facilitate criminals to launder their money and many criminals will take advantage of anonymous bitcoin for selling drugs, etc
That's not a big problem now because in reality bitcoin is not really that anonymous as you think, blockchain is very transparent and the government has the power to verify transactions and that is their job to prevent illegal activities regardless of the means. Bitcoin cannot prevent crime but it is widely used making crimes and only the government can prevent the crime despite bitcoin is decentralized by nature.

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March 10, 2017, 12:01:13 PM
 #197

A big no. Some of bitcoin transactions are being used in illegal activities only the officials of the government can prevent crime. I've seen in deepweb that you can hire a hitman using your bitcoins

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March 10, 2017, 12:03:22 PM
 #198

Bitcoin preventing crime i think will be possible.But much risk still just like youre paying a real money for something.Bitcoin i think is anonymous enough to identify if it is used for bad or not.They are invulnerable of traces in making illegal transactions so they can freely make a purchase of illegal things like drugs,prostitution and many other

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March 10, 2017, 12:17:57 PM
 #199

I don't see any possibility bitcoins could ever protect anyone from crime or prevent it because just like fiat, it is also being used as a mode of money laundering as well as terrorism activities which is shaping a bad image in the views of newer investors that are coming in daily, and most of them get out of this with some profits as this currency has no hold as well as impossible to know how the funds are being moved by whom... Sometimes, this advantage becomes a disadvantage for us too...

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March 10, 2017, 01:52:02 PM
 #200

I think it is actually preferred by the people involved in these kind of things to prefer exactly BTC for their use,it's not like they would prefer cash and they can be traced,so I don't think BTC is a good example of a prevention,it's rather an encouragement

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