Can Bitcoin help to reduce crime?

[Uhwuchukwu53]

Yes Bitcoin just as many has said has been a beacon of crime reduction in many society who full adopt Bitcoin with good policy through a good leadership of the government, what Bitcoin had done is crime reduction of many society most time deem infinitesimal because of some unfavorable policy of the government and hardship that has already overweight the people, it would have even become worst that what many experience in terms of crime rate if not of the Bitcoin cutting down the unengage population that would have facilitate more crime as they are been fully engaged in Bitcoin with by trading, mining and all sort of activities in Bitcoin that one can still find his daily bread.

The fact that crime can't be totally eliminated in humanity despite any favourable measure or medium in which human is involved doesn't make Bitcoin not curving crime  just that human want is insatiable and crime is inevitable in human existence but the introduction of Bitcoin had save many life's and has save nation and society in peace keeping from what would has happened when millions of youth and people engage in Bitcoin is idle, the saying of idle man is devils workshop would have been the order of the day mostly the third world countries where unemployment rate is hitting high on daily basis .

[AYOBA]

The main causes of the crime is that when there's lack of the job in the country, but when the cryptocurrency come they very popular in the country so many of people's are engaging themselves into and it saves so much people's life, because it has reduced the crimes in some of the community. We all know that no matter how the popularity of the Bitcoin investment the country not all people's can introduce themselves into, because is deserved a patient and somes are lack of patience.

One thing about this life is that we cannot underrate some people's as we understand that bitcoin has helped a lot of people's expecially jobless youths, they might some that they will still engaged thereslef into crime which means they didn't appreciate what they have achieved from Bitcoin investment. And the reason why if some people's introduce themselves into Bitcoin investment they will lack hold back is because they didn't have much knowledge about it, and they don't want to focus to learn about the Bitcoin investment.

[Juicyhome]

The main causes of the crime is that when there's lack of the job in the country, but when the cryptocurrency come they very popular in the country so many of people's are engaging themselves into and it saves so much people's life, because it has reduced the crimes in some of the community. We all know that no matter how the popularity of the Bitcoin investment the country not all people's can introduce themselves into, because is deserved a patient and somes are lack of patience.

One thing about this life is that we cannot underrate some people's as we understand that bitcoin has helped a lot of people's expecially jobless youths, they might some that they will still engaged thereslef into crime which means they didn't appreciate what they have achieved from Bitcoin investment. And the reason why if some people's introduce themselves into Bitcoin investment they will lack hold back is because they didn't have much knowledge about it, and they don't want to focus to learn about the Bitcoin investment.

Nigeria you  hardly hear about cult crash or other related crimes,  some youth's had diverted to Bitcoin mining and trading which required time to get a profit, so they dint have time for crime any more,  people only think evil when they don't have anything that's fetching them money, and they stop when they see what fetch them money. Bitcoin has contributed for crime reduction, Bitcoin has made some many Nigerians rich and independent.

All we need to do is to spread the good news of bitcoin and it benefits to more youths, so to gain more of them that's constituting nuisance in the community to stop.

[Nangiconference]

Before u pass proper judgment on this topic, you need to consider several factors. Which are not limited to;
1. Bitcoin adoption
2. The purpose
3. The cost of bitcoin as at today.

1. Bitcoin adoption.
We all know that bitcoin is still not popular and known by so many Nigerians. Many that have known about it has no interest in it as they take it to be a thing for the people that are using it meaning that they do not want to be part of it. People are yawning for inventions that are profit oriented. Bitcoin is a risky business as one can loose his money in form of fraud, losses in trading and high transaction fees. Mind you, person wey Neva chop belle full no Dy invest. Since investment is guaranteed.

2. The purpose of your bitcoin usage might vary from my own. Bitcoin can also amplify crime in terms of money laundering, scamming people, frauding people. Someone can grand you now and deposit the funds in his bitcoin wallet so that you can't trace him or her since we pack knowledge in that area. Many other persons bitcoin has been hacked and stolen, all these are criminal offences.

3.i do not think bitcoin can help in reducing crime since it is expensive to buy the asset(bitcoin). For instance, a prospective criminal that would have engaged himself with bitcoin may not be able to buy the coin. Especially for we using naira to buy it. Therefore the criminal will be left with no choice than to commit crime.