Could bitcoin prevent crime?

[boybugs18]

bitcoin is not batman who can solve crimes the purpose why bitcoin is created is not for that thats why we have police/investigator to look crimes for us , we use bitcoin for currency (even if they call it commodity) online maybe if you use bitcoin for paying some people who can be hired privately then bitcoin will just help you with that.

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[Windpower]

I don't see anyway that Bitcoin could prevent crime. There is no stopping the illegal deeds that the people in this world wish to do. I think that Bitcoin has made it easier for criminals to work. Now they have a currency that can only see the addresses of the people participating in the trade. This makes it pretty much impossible for the police to track them down. Not many criminals want to deal with escrow so that doesn't really help. Bitcoin was created for the users to be anonymous, I guess it is good in some situations and bad in others.

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

Maybe you could stop posting for your signature campaign and actually post something constructive.

[maydna]

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 think bitcoin can not prevent crime, it is about the user want to do with their bitcoin, they to use for legal or illegal and we don't know what activity do when transaction is created. escrow is like a bridge between two people which want to make transaction and the escrow agents will be holder of the fund when buyer wants to buy the product. but at last, escrow agents don't know what purpose behind the transaction, the agents is only hold the fund.

[Xester]

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!)

Bitcoin cannot prevent crime. Like fiat currency it cannot stop crime. As a currency they just play their function as a currency and nothing more. If we talk about addresses a person can make multiple addresses and it is hard to detect who are the users and what transaction is done by the users. If the government can control all miners including all wallets generated then its easy to prevent crime.

[Nivir]

Should be "How bitcoin prevents crime?" Here in crypto it's like those victims that lack knowledge will never get justice from scammers. No matter how clear you tracked their transactions still it is unreversable.

[Sponsoredby15]

It cant prevent crime but it helps us trace the criminal who stole the money with btcoin

[mkmdoc]

Should be "How bitcoin prevents crime?" Here in crypto it's like those victims that lack knowledge will never get justice from scammers. No matter how clear you tracked their transactions still it is unreversable.

I think it is not possible with bitcoin transaction to prevent crime because many people are keep transferring there to different address. Those who are not using bitcoin wisely will keep on changing their address how can we identify those people.

[Wowcoin]

Yes it will be a big help to prevent crime like robbery of money unlike fiat money if you hold it in your hands and put in on your pocket, there maybe a situation that you will be robbed or pick pocketed by those theives. Unlike bitcoin in your online wallet you won't be a crime victim if you use every btc transaction online because its secured  through wallet admin unless you are being hacked. But possibilities is less than 10% to happen, few crimes like this will happen so digital currency has more advantages.

[Superways]

Besides your point I have another point which say that bitcoin is preventing crimes. That is in some societies there are extreme unemployment in those societies the youngsters often start crimes to get the money in any way. While with the coming of bitcoin now the youngsters will not serach for jobs but they will start their online works and after earning some money they will start their own business.

[20kevin20]

No matter if Bitcoin was here or not, the crimes cannot be prevented this way. Do you really think Bitcoin's end would stop crimes? No, before Bitcoin there were crimes too and the criminals could transfer money through many different ways. Bitcoin is great for anonymity. I don't care if criminals are using it - as far as I am using it legally, I don't care.

[harizen]

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 will not goes a way like that. The way bitcoin transaction is performed and execute, it's more convenient and appropriate to use in illegal transactions. If doesn't then we should not seeing reports about bitcoin having used in illegal activities or simply as all government in the world will accept bitcoin 100% without any doubts.

One thing that some of countries aren't hugging the bitcoin system is because it's really more prone in money fraud acitivities. Even being regulated and centralized somehow couldn't be an assurance that no fraud will happen in bitcoin. Look at fiat now being a centralized one, still lots of usage in terms of illegal activities.

[Text]

Bitcoin could prevent crime in terms of making transactions because it is very safe, every address is not able to hack as long as you use the available security features, Google Authenticator is the best.  We know that some users engage in illegal activities so meaning to say it is already a crime.

[TastyChillySauce00]

Bitcoin could prevent crime in terms of making transactions because it is very safe, every address is not able to hack as long as you use the available security features, Google Authenticator is the best.  We know that some users engage in illegal activities so meaning to say it is already a crime.

Your words "as long as you use the available security features" means an address is still able to be hacked and taking over its control from you and it's contradictory with your statement which said "every address is not able to hack" though, even if you have the finest security, the chance of getting hacked is still there even it's lower than having poor security.
Everything in this world has a hole, and nothing in this world is impossible, I say that if some hackers know how to access your wallet or just gaining access to it, your wallet and all of your address will be taken easily.

[xuan87]

Well i don't think so, by using bitcoin then its mean we don't need to use carry cash around, in this case maybe we can decrease the chances becoming the target of criminality, but it won't prevent any crime and in fact now there are more case of ransomware because of bitcoin

[GoodLuck2]

i dont think that it prevent crime i dont understand that how a person can use it for black money or illegal money but i think it is much more safest than bank accounts and bait currency.....!!!!!

[marcoman22]

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!)

Bitcoin cannot prevent crime.Even if you use an escrow, he would only give assurance of transaction and he doesnot know what the two parties are going to do with that bitcoins.There is always a criticism that bitcoins are used for illegal activities and parties indulging in such activities would never use an escrow.They two would have good co ordination between them.Bitcoin has nothing to do with preventing crime.

[MFahad]

bitcoin is not batman who can solve crimes the purpose why bitcoin is created is not for that thats why we have police/investigator to look crimes for us , we use bitcoin for currency (even if they call it commodity) online maybe if you use bitcoin for paying some people who can be hired privately then bitcoin will just help you with that.

Yeah thats funny. Bitcoin is not a batman or superman to change the world. Its just a currency. Has anyone ever told that US dollar or EURO can prevent crime? Rather crime happens because of money and it will contiune to happen for bitcoin as well.

[audaciousbeing]

Yes bitcoin can prevent crime from the way I see it, bitcoin provides a way to earn some decent income legitimately for quite a number of people even on this forum alone is enough compared to other forums as well. we have had coders and IT experts coming here to earn something in which case they would have engaged in something else if this is not provided for them which there is possibility that it might be illegal. So, whether we like it or not, that counts and it means less people engaging in criminal activities.

[kryptqnick]

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!

Escrow is a very nice system, enabling people to trust each other and do business irrelevant to it being criminal or not. However, escrow is not tied specifically to bitcoin, because it is just about the third party in a deal, Payment Services Directive is an example. And taking into consideration the pseudonymousity of bitcoin it would rather help crime than prevent it. Violence is prevented but crime isn't.

[Kolder]

Yes bitcoin can prevent crime from the way I see it, bitcoin provides a way to earn some decent income legitimately for quite a number of people even on this forum alone is enough compared to other forums as well. we have had coders and IT experts coming here to earn something in which case they would have engaged in something else if this is not provided for them which there is possibility that it might be illegal. So, whether we like it or not, that counts and it means less people engaging in criminal activities.

LOL. your reason is too general, That means all things in the world can stop crimes because it is just a matter on how they use it.  In my opinion bitcoin can do both prevent and reason to made a crime. Bitcoin is money no matter what angle we see it. And money is common reason for crimes, Then it will prevent a crime once it is used on good things just like helping poor people so that they will not do bad things just for money