Could bitcoin prevent crime?

[iamTom123]

I believe it is the other way around. Bitcoin is not really designed to prevent the occurrence of any type of crime per se nor should it encourage anybody to commit the same. However, the concern is that due to its seeming anonymity it can be used by criminals to launder money. But to be fair to Bitcoin, any form of money can be utilized by criminals so singling out Bitcoin may not be that all right.

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[Rinder]

Bitcoin can be used to hide crime transactions, and there is no way to know where the money camed from. Only exchanges able to see where the money comes, with their rules to trade and invest big ammounts, soo criminal has several tiny accounts and stay out of radar always, without the need to wash the money with a regular business anymore.

[coinplus]

Bitcoin can be used to hide crime transactions, and there is no way to know where the money camed from. Only exchanges able to see where the money comes, with their rules to trade and invest big ammounts, soo criminal has several tiny accounts and stay out of radar always, without the need to wash the money with a regular business anymore.

Yeah, probably many people don’t really know this but the amount of bitcoin is used in the black market for drugs guns and other illegal stuff, is more the amount of bitcoin used in the good way like investments and trading, and that gives a bad reputation for it and makes people think that it is something that is used by bad people only and we as a community who believe in bitcoin’s potential we need to change that.

[iqlimasyadiqa]

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

all depends on the people who use. people who had evil nature must always take advantage of everything that exists. bitcoin basically created as digital currency to help finance our activities. good people using bitcoin for positive activities. while bad people using bitcoin to a criminal act.

[btccashacc]

Basically transaction on the blockchain are publicly visible, and permanently stored on blockchain, you can discover where bitcoins are allocated and sent, so for this reason i might say that bitcoin could prevent crime, but there are many ways for people to increase it's anonimity in order to protect their privacy like use a new bitcoin address each time you receive a new payment and also use a mixing service, well it's not a secret anymore.

[BitFinnese]

Basically transaction on the blockchain are publicly visible, and permanently stored on blockchain, you can discover where bitcoins are allocated and sent, so for this reason i might say that bitcoin could prevent crime, but there are many ways for people to increase it's anonimity in order to protect their privacy like use a new bitcoin address each time you receive a new payment and also use a mixing service, well it's not a secret anymore.

It maybe permanently recorded but the problem is tracing who is the owner of such Bitcoin address.  We all know as long as the transaction does not link the personal info of a person, it is really hard to track.  One of the example is Satoshi Nakamoto.  We are still guessing who he is until now.

[betlord90]

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!)

At the first place we are knowledgeable that bitcoin is not designed to prevent crimes. Instead it is schemed for transactions to be  ttansacted quickly and efficiently. Therefore theres no assurance that it can prevent crimes especially its anonymity that could possibly be used by illegal doings.

[Farma]

Basically transaction on the blockchain are publicly visible, and permanently stored on blockchain, you can discover where bitcoins are allocated and sent, so for this reason i might say that bitcoin could prevent crime, but there are many ways for people to increase it's anonimity in order to protect their privacy like use a new bitcoin address each time you receive a new payment and also use a mixing service, well it's not a secret anymore.

if all bitcoin transactions recorded, I think we can follow the footsteps of transactors, and can prevent crime. but, if bitcoin has been in the mix, we will be very difficult to trace. besides, it is very difficult to know the real identity of bitcoin.

[agustina2]

It maybe permanently recorded but the problem is tracing who is the owner of such Bitcoin address.  We all know as long as the transaction does not link the personal info of a person, it is really hard to track.  One of the example is Satoshi Nakamoto.  We are still guessing who he is until now.

If a person involved will use bitcoin address came from bitcoin exchange that needs an identity verification, chances to track that person is possible. If it will just look at the blockchain record then it will took a deep investigation and lots of time to make it successful and honestly odds are low that it will become a success.

Bitcoin can prevent crimes on some of the ways but also it can also be used to play an important role during a crime. That's how vulnerable bitcoin is because of it's non regulated status.

[PanZerrr]

I think that the use of bitcoin in the form as it is now does not affect the level of crime in any way. Bitcoin is anonymous and nobody wants to change it. So, the criminal will be able to hide his identity

[bitllionaire]

Bitcoin can be used to hide crime transactions, and there is no way to know where the money camed from. Only exchanges able to see where the money comes, with their rules to trade and invest big ammounts, soo criminal has several tiny accounts and stay out of radar always, without the need to wash the money with a regular business anymore.

Yeah, probably many people don’t really know this but the amount of bitcoin is used in the black market for drugs guns and other illegal stuff, is more the amount of bitcoin used in the good way like investments and trading, and that gives a bad reputation for it and makes people think that it is something that is used by bad people only and we as a community who believe in bitcoin’s potential we need to change that.

i think not only bitcoin but all kind of coins are used for criminal affairs. i think bitcoin is a very new currency and very little number of people still know about this therefore it may not be used for criminal activities. i think that it is the duty of the government and law and forces agencies to stop crimes and criminal activities.

[Viscore]

I think that the use of bitcoin in the form as it is now does not affect the level of crime in any way. Bitcoin is anonymous and nobody wants to change it. So, the criminal will be able to hide his identity

Think deeper, do you think this criminal will not cash out their bicoins to enjoy it? One can hide his identity with his transactions online but when it comes to the exchange sites, we are required to comply with the KYC and all information must be real before we can be approved and use their services. I don't know with other countries if their government is not strict now, but in my country we are required by our exchange site to comply with the basic requirements, it's like the same process as the bank does before approve your account application.

[coynedterm]

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!)

You can see the bitcoin in two ways .
In one direction bitcoin is fully a open source where we can see every transactions which is making is everything clear without hide anything about the transaction payment in the bitcoin .
But opposite of this you can see that use of Bitcoin doesn't need any verification of documents . Most of the wallets directly available to use without any email/mobile number , the best example for this is mysellium wallet , where you don't need to give your any detail .
So it is only the way of thinking in the bitcoin to prove it bad and good .
For me the bitcoin is only that can kill criminal activities for illegal payment but it need some changes .

[chixka000]

How can bitcoin exactly prevent a crime? This is not possible especially if bitcoin provides privacy feature(which is very high). Stop thinking about it. For me that is nonsense bitcoin is a currency not a some sort of police or citizens security

[ASHLIUSZ]

How can bitcoin exactly prevent a crime? This is not possible especially if bitcoin provides privacy feature(which is very high). Stop thinking about it. For me that is nonsense bitcoin is a currency not a some sort of police or citizens security

Through the usage it won't prevent crime, but the blockchain contracts management and other technology advancing. Crime investigation were much supported by the technical real time identification of the individual involved into the activities.

[upsidedown75]

For me that is nonsense bitcoin is a currency not a some sort of police or citizens security

Why not ? I believe both bitcoin and blockchain technology could be used to for a transparent transaction system so that we could track where the money flows is occurring. But we need more advanced technologies for implementing it but there are many conceptual implementations are taking place worldwide for such a system.

Wait and watch how blockchain technology will work for preventing crimes in very near future.

[Gembul]

For me that is nonsense bitcoin is a currency not a some sort of police or citizens security

Why not ? I believe both bitcoin and blockchain technology could be used to for a transparent transaction system so that we could track where the money flows is occurring. But we need more advanced technologies for implementing it but there are many conceptual implementations are taking place worldwide for such a system.

Wait and watch how blockchain technology will work for preventing crimes in very near future.

Are you sure, dude? bitcoin desirable because it can anonimous although it was not entirely because by the way the authorities can still track it.
Just imagine if bitcoin and blockchain implement such technologies, which certainly is closely connected with the police and the police are part of the government. So we are not directly make bitcoin is not decentralization, rigth? IMO, thank you

[00hash01]

For me that is nonsense bitcoin is a currency not a some sort of police or citizens security

Why not ? I believe both bitcoin and blockchain technology could be used to for a transparent transaction system so that we could track where the money flows is occurring. But we need more advanced technologies for implementing it but there are many conceptual implementations are taking place worldwide for such a system.

Wait and watch how blockchain technology will work for preventing crimes in very near future.

Are you sure, dude? bitcoin desirable because it can anonimous although it was not entirely because by the way the authorities can still track it.
Just imagine if bitcoin and blockchain implement such technologies, which certainly is closely connected with the police and the police are part of the government. So we are not directly make bitcoin is not decentralization, rigth? IMO, thank you

I do not understand how the technology of blockchain can be connected with the police. Already everyone knows that the banking system is successfully testing the technology and many banks are implementing blockchain. But I do not see communications with the police. But if there is control over bitcoin, then it will not be difficult to link it to a crime, if someone dares.

[Ipwich]

For me that is nonsense bitcoin is a currency not a some sort of police or citizens security

Why not ? I believe both bitcoin and blockchain technology could be used to for a transparent transaction system so that we could track where the money flows is occurring. But we need more advanced technologies for implementing it but there are many conceptual implementations are taking place worldwide for such a system.

Wait and watch how blockchain technology will work for preventing crimes in very near future.

Are you sure, dude? bitcoin desirable because it can anonimous although it was not entirely because by the way the authorities can still track it.
Just imagine if bitcoin and blockchain implement such technologies, which certainly is closely connected with the police and the police are part of the government. So we are not directly make bitcoin is not decentralization, rigth? IMO, thank you

Blockchain is very transparent as all transactions involving bitcoin are recorded on it, that way it's easy for the authorities to trace transactions if they will search for it. Of course there are millions of transactions in blockchain and the government will not look into all of that, they will only priorities those transactions that are under in their watch list. Now if you are doing illegal activities, you will surely belong to the watch list.

[pinkpanther03]

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

Hahahah but true, this can't be deny at least we cannot by control by them because bitcoin was decentralized, I think that's one of the powers of bitcoin can' t be control by the government or any private sector company. We keep and control our own bitcoin, but to prevent in real crime bitcoin can't do anything for that things due to its an open source.