Could bitcoin prevent crime?

[HabBear]

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!)

[thepo1m]

Bitcoin can't prevent crime, the way BTC is design, it is faceless transactions and this is the concern of people in government that it is likely to be used by terrorist. Even with escrow, Escrow is just to guarantee trust.

[Kakmakr]

Bitcoin will not prevent crime, but it can be used to trace the criminals and this will lead to their capture and hopefully imprisonment. The Blockchain is a excellent tool to follow money. Yes, there are ways for these criminals to make it more difficult for authorities to follow the money, but with enough paper work this can be done.

Interpol can use Bitcoin as a forensic tool, to audit all financial transactions that were done with Bitcoin. ^smile^

[HabBear]

Sorry, let me rephrase - not prevent crime exactly, but prevent violence during criminal transactions.

In a criminal transaction Escrow would be the safest option because if the escrow jets with the money he'll have two criminals after him, not just one!

[Vaskiy]

Bitcoin won't prevent crime, because it has been developed to make transactions faster with less transaction fee and increased security features. At the same it doesn't reveal the identity of the sender and receiver. At its initial stages countries opposed much, the reason is that its been used more for illegal needs.

[jacaf01]

Sorry, let me rephrase - not prevent crime exactly, but prevent violence during criminal transactions.

In a criminal transaction Escrow would be the safest option because if the escrow jets with the money he'll have two criminals after him, not just one!

It would be better to close this thread and open another, the title of the thread will likely stick in their head and you won't get the desired responds to your question

[novemberwoah]

Usage bitcoin is very dependent on users, so it is used for both legal and illegal activities it was all very dependent on its users. I think despite using escrow in bitcoin transactions can still be criminal purposes, because escrow I think only the third person in the transaction and will not ask for any such transaction. I think it is very difficult to prevent the bitcoin transaction to be used in criminal or illegal. Only bitcoin users who can prevent to use illegal transactions.

[Idrisu]

Sorry, let me rephrase - not prevent crime exactly, but prevent violence during criminal transactions.

In a criminal transaction Escrow would be the safest option because if the escrow jets with the money he'll have two criminals after him, not just one!

Crimes is the thing of the hearts and the only way crimes can be prevented is through reorientation of human mind. Bitcoin can only help in face to face transactions crimes, Bitcoin transactions is faceless but the decentralization nature allowed criminal minds people to transfer bitcoin from one wallet to another criminal person to use it and purchased ammunition and used against law abiding human beings.

[lol3c]

This question should not be asked by a veteran member like you. We all know that hackers and illegal individuals have already used Bitcoin before us for years so that Bitcoin certainly encourage shady activities and illegal products. Therefore, Bitcoin can never prevent crime, it only make cyber criminal stronger

[diegz]

Sorry, let me rephrase - not prevent crime exactly, but prevent violence during criminal transactions.

In a criminal transaction Escrow would be the safest option because if the escrow jets with the money he'll have two criminals after him, not just one!

If I have to do a crime and want to sell something illegal, I won't use escrow, I'd rather sell it directly to the person who wants to buy than to put it in the hands of escrow. Paying it directly, I'll give you the contraband but before I release the keys, send me the amount, you still have time to check the items while I am waiting for the confirmation. Usually, like what we see in movies, criminals when they have transactions with other criminal, they do it themselves without any third party.

[ivanst776]

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!)

Not at all, even though using bitcoin does not give you 100% privacy there is still some (legal) ways to hide your identity.

For example there are some bitcoin mixers that mix your coins and there are very small chances that someone can know that it was you.

But on the other hand the governments are trying to identify every bitcoin users on exchanges, businesses etc so it's problematic.

[Amph]

it's the opposite due to the decentralized nature and thus more hard to control, it's strengthen the crime activity

but i guess future algorithm that can search very fast for some type of address that might be relatded to criminal can make this better

[Sadlife]

I dont think so, crime cannot be stopped by a currency lol.  Violence is a standard form of human nature that is basically what humans are. There many illegal activities happening in dark nets and the currency they are using there is bitcoin.

[aarturka]

The most hideous crime is that, goverments control our finances. Bitcoin succesfully prevents this crime   

[Zadicar]

Bitcoin cant really prevent crime instead it would be used to create a crime specially on money laundering and shady illegal transactions online. Bitcoin could only prevent taxation but not illegal transactions since it being designed that way and we cant change that and people do really love to use it in any way as they want.

[bettercrypto]

Sorry, let me rephrase - not prevent crime exactly, but prevent violence during criminal transactions.

In a criminal transaction Escrow would be the safest option because if the escrow jets with the money he'll have two criminals after him, not just one!

Bitcoin might prevent this kind of violence but it will never prevent crimes, actually in my opinion the anonymity somehow encourages the other kind of crimes like money laundering and other underground activities that depend on Bitcoin's anonymous transaction.

[Mr. Big]

No it won't... The escrow that you will be hiring might be the one that will screw you both in the transaction...  Kidding... Anyway Escrows could really prevent two parties from taking advantage, but why would you still need another party to do that, isn't it that the two could inspect their products before agreeing to their terms and before paying?... 

[adza_fortune]

i think bitcoin can prevent crime.
if not? why do people use bitcoin.
bitcoin can prevent crime because when we use bitcoin we can make money.
so, bitcoin can prevent crime. this is my opinion.

[szpalata]

Bitcoin through the blockchain technology can prevent criminals by monitoring suspicious transfers of huge sums of money or Bitcoins (monies used for criminal activities) from one trade point to the other but it cannot expressly deal with their illegal business as that's the sole responsibility of the country's in which they perpetuate their crimes.

[andrei56]

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, if anything governments of the world are worried about the opposite that bitcoin facilitates crime by giving you a currency that cannot be confiscated and that has no policy like know your costumer so you can open a wallet anywhere there is a computer.