Can Bitcoin help to reduce crime?

[bestcandy]

Although, there are so many factors facilitating the increase in the rate of crime in our society but if we critically deepdown on the root of incessant increase of crime and other criminal activities in our society today it will be so notable that poverty and unemployment especially among the youth are the major anchor to the increase in crime and criminal activities in the society. I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.   

[Orpichukwu]

In truth, crypto currency has reduced the rate of unemployed youth in society. Most people are now into different kinds of crypto currency trading, both spot and future trades, and they have been making profits from them depending on the area that they are good at. 
 
It's true that someone who is busy with his life can't start thinking about crime because there will be no such time, and he or she will also cut off the kind of friends he associates himself with and mingle with people who speak the same language as him.
 
@Op, One thing you need to know is that bitcoin doesn't give instant profit, which means that even if you teach unemployed people how to invest in bitcoin, they can't still start having a sustainable income that instant; they still need something that can earn them a daily, weekly, or monthly income in order for them to foot their bills and be able to hold whatever they buy for a long period of time. 
 
What the youth need is empowerment in the tech industry and their area of interest so that they can meet the rising demands of digital works that are flying around on the internet.
 
Na who get Watin they give am money suppose they reason to invest for bitcoin, 

[Marvelockg]

From the way I look at it, Bitcoin can't help to reduce crime. I understand the angle you're coming from and it's that if they can make money by coming into the Bitcoin ecosystem they won't think about criminal activities right? But that's actually not the case. To make profit from Bitcoin in general involves you having patience and other strong streams of income that will back your investment up or else you can't even buy much of it that will place you in a good profit to even consider selling and using it to take care of yourself and not considering engaging in criminal minded activity.

Even if you're talking about crypto trading in general, most of the guys that are into criminal activities like kidnapping, stealing, organ harvest and other sort of activities don't have the patience to learn trading to the point of getting profit from it. Understand that to even get good returns from trading you have to learn it as a skill and master the art to some extent or else you will end up gambling all your money away and never get any profit from it. Some of these guys aren't even educated to think about reading chats and going into complex stuff as trading and that's why they just steal from people or engage in activities that will fetch them quick Money.

Regardless of how you look at it, Bitcoin is not for everyone and it's not designed to help reduce crime. If you can't learn a skill that will take you off the street and make you a productive person, you wouldn't be able to learn about Bitcoin and maybe make profit from it. As a matter of fact, it's even easier to learn some of this regular skills like barbing, carpentry, welding, shoe making, driving, painting, tilling etc and then establish yourself first and then from the money you're getting from those jobs, you can take out an amount that's going into Bitcoin investments.

If you advice someone that's desperate to have money to start investing in Bitcoin or to go into trading, if it gets bearish, you're in problem and when they see some looses, you're also in problem cause they will assume you lured them into it.

The best remedy to crime is to get them to learn a skill, empower them through that skill or attach them in a place that will engage them actively and this is what the government should have been doing but unfortunately, we've not seen a government that's concerned for her citizens.

[AVE5]

I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.   

It's unfortunate to say that the probabilities of Investors or traders earning in bitcoin doesn't instigate crime limitations on the individuals because bitcoin doesn't have probational features rather, bitcoin blockchain is is on the formations that fraudsters operating under the system can be tracked.
Unlike most persons may think that since bitcoin is a decentralized digital currency, there'd be no way and no one would be responsible to have criminal activities on track on the digital currency.

[Egii Nna]

~~snip~~

Yes, bitcoin can reduce crime, but the first question is: can everyone who is engaged in those criminal activities be patient enough to invest in bitcoin? Will they focus on frequent research in order for them to trade bitcoin? Who will give them funds to trade or invest in bitcoin? All these are questions that should be considered because most of these people who engage in criminal activity do so for a reason, and most of the reason is poverty, so their joining any criminal activity is for them to be able to have money for survival. 

One fact is that no one will support them with free money or income that will be able to start bitcoin investment or trading, and most of the criminals are very intelligent because, in the crime space, you can never be a criminal if you are dull because they also follow some strategies in order not to be arrested and all that deals with intelligence and activeness.

For instance, the Yahoo boys create a place called HK so that they will be teaching other young ones how to do fraudulent activity so that they will not grow up and end up joining armed robbery or kidnapping. On the other hand, they are also doing something good even though they are also scamming people, but if we can still do that to bitcoin and other crypto currency’s in Nigeria, I think we will reduce it, but the main issue to be considered is the money that will be used. 

[Iamgoat]

Although, there are so many factors facilitating the increase in the rate of crime in our society but if we critically deepdown on the root of incessant increase of crime and other criminal activities in our society today it will be so notable that poverty and unemployment especially among the youth are the major anchor to the increase in crime and criminal activities in the society. I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.   

I think if you talk about bitcoin as a new technological inventory in the world, it will make plenty sense to conclude that Bitcoin can really help and has assisted in many job creation in the country. This point of view makes bitcoin another alternative source of income to young people who are jobless and are willing to learn to adopt new technologies and opportunities. Having looked at the massive increase in the adoption of Bitcoin over the world and in some specific developing countries, it will make sense to say bitcoin have the ability to reduce poverty from the people of a state or country if propely informed and educated in the different aspects of the technology.

[Coyster]

Bitcoin na money, just telling someone about bitcoin does not mean the person would immediately start making money (bitcoin). This is no money making scheme, and you need to have money to be able to buy/invest in bitcoin, which the poor cannot do, and if they manage to do so, the amount and possible ROI would be so small and inconsequential.

Bitcoin can neither end crime nor get people employed. If you wan dey employed by crypto companies/projects, you go still get skill wey you go offer them na, and the number of people available for such employment dey very small. Na your government go fight crime and unemployment, and not a decentralized money (bitcoin).

[Kelward]

Bitcoin fit to help to reduce crime unto say na store of value wey people fit to invest in and earn profit to take better dem lives, also cryptocurrency in general fit to help reduce crime because e de profitable to trade and invest. But Bitcoin and other cryptocurrency no de enough to combat crime for any country, no matter how profitable e be, crime na choice because even di super rich de involve for crime. Wetin cryptocurrency de do in general na to provide avenue to do business and earn profits, di advantage be say person no need to write application to any establishments before dem go start, na just to learn about di required skills, raise money and start, meaning say di crypto industry no get restrictions.

[Charles-Tim]

Is bitcoin reducing kidnapping, bandits and terrorism? No. Education, increase in employment and increasing standards of living are some of the reasons these can reduce.

Can bitcoin reduce Internet fraud? No. Employment can reduce internet fraud to an extent but as the population of a country is increasing, there would certainly be increasing in internet fraud.

Bitcoin is not also a get rich quick investment, while also the price may be disappointing for a short time at times. Although, I am not disputing the fact that it is an appropriative asset in long term.

[Odogwu-Blockchain]

Can bitcoin reduce Internet fraud? No. Employment can reduce internet fraud to an extent but as the population of a country is increasing, there would certainly be increasing in internet fraud.

Do you know that Nigerian youth uses crypto especially Bitcoin as a means of receiving payment by scamming from their foreign clients, to me crypto increases Internet fraud in various sections. Many youths taking the chance and advantage by misusing the important of crypto to scam innocent people, that's a criminal act, so it's not stopping any crime in the society, instead, it's increases crime the more.

[Coyster]

Do you know that Nigerian youth uses crypto especially Bitcoin as a means of receiving payment by scamming from their foreign clients, to me crypto increases Internet fraud in various sections. Many youths taking the chance and advantage by misusing the important of crypto to scam innocent people, that's a criminal act, so it's not stopping any crime in the society, instead, it's increases crime the more.

Internet fraudsters and criminals all over the world don dey use fiat and other tools take dey scam people, long before dem even begin to dey use bitcoin and other cryptos, and the number of criminals wey dey use fiat and other tools still plenty pass those wey dey use bitcoin. Bitcoin blockchain also dey transparent, and e follow for wetin make am no too dey suitable for criminals.

[Charles-Tim]

Do you know that Nigerian youth uses crypto especially Bitcoin as a means of receiving payment by scamming from their foreign clients, to me crypto increases Internet fraud in various sections. Many youths taking the chance and advantage by misusing the important of crypto to scam innocent people, that's a criminal act, so it's not stopping any crime in the society, instead, it's increases crime the more.

If more research is made about how Yahoo guys are receiving their money, fiat and gift card would be the most common ways. Many of them could probably have convinced their victim but the victim may not know how to use bitcoin to make transaction or how to go about it. In reality, this is how it has been.

The illicit transactions in fiat is far more than illicit transactions in bitcoin. Despite that there have been a research that bitcoin contributed to less than 1% of illicit transactions in the past, the bitcoin linked to illicit activities continue to decline year after year as scammers are using other coins, most especially USDT for the illicit activities.

[Franctoshi]

Can bitcoin reduce Internet fraud? No. Employment can reduce internet fraud to an extent but as the population of a country is increasing, there would certainly be increasing in internet fraud.

Do you know that Nigerian youth uses crypto especially Bitcoin as a means of receiving payment by scamming from their foreign clients, to me crypto increases Internet fraud in various sections. Many youths taking the chance and advantage by misusing the important of crypto to scam innocent people, that's a criminal act, so it's not stopping any crime in the society, instead, it's increases crime the more.

Well, I don't know how you gathered your statistics on this subject matter to be able to know this, as I believe this is based on mere assumptions, And to your knowledge, Bitcoin was not designed to be use in running criminal activities or carry out fraudulent transactions but the players optioned to do so, and I don't think you can compare the rate of fraudulent activities that has been going on with the fiat currency to the one going on with Bitcoin because majority of people are yet to know Bitcoin and understand the use of Bitcoin.

[Hewlet]

I find it hard to understand why we make a big deal out of the role Bitcoin has to play in solving basic problems our leaders are supposed to be solving. It's the same mistake that the federal government are making while they were busy attacking crypto as though that's the main problem we are facing in this country.

What are the major causes of crime in our society? is it not due to the financial gap between the rich politician and the poor masses that makes the poor masses to resort I to criminal activities? Do you think if they are doing well financially most of them will go to the creeks and bushes to look for valnourable people to steal from? Do you expect them to come out of those hideout to invest into Bitcoin? If we're not ready to set the right structure in place that will ensure that those engaging in criminal activities are engaged and works provided for them, forget about any criminal activities coming down.

Bitcoin is just like Money. That money exist doesn't mean that you have money. Until they have a means to get money, they can't invest into Bitcoin.

[Zigabel]

Although, there are so many factors facilitating the increase in the rate of crime in our society but if we critically deepdown on the root of incessant increase of crime and other criminal activities in our society today it will be so notable that poverty and unemployment especially among the youth are the major anchor to the increase in crime and criminal activities in the society. I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.   

Going by that which you are saying I want to believe you seem not to understand Bitcoin completely because if you do, the application of it to crime reduction you just mentioned isn't looking real enough, venturing into bit don't just get your probably rich and of the street or not wanting to get a job, getting into Bitcoin alone isn't a job rather the thing you are doing with Bitcoin is what could get you the form of saying you have got a job. If you just buy Bitcoin, that can be said that you are into Bitcoin but that isn't a job enough to get you off the street and reduce crime, if you are trading Bitcoin full time probably all day, then we can see a job there, if you are providing a service that has a link with Bitcoin , probably payments or education then we can aswell see a job in there but any less I doubt if there will be a full time job in it enough to probably get one off the street and reduce crime as you proposed.do in future discussion if it does arises, be specific about the Bitcoin opportunity that can be considered a job enough to take people off the streets and probably curb crime.

[Cryptomultiplier]

Although, there are so many factors facilitating the increase in the rate of crime in our society but if we critically deepdown on the root of incessant increase of crime and other criminal activities in our society today it will be so notable that poverty and unemployment especially among the youth are the major anchor to the increase in crime and criminal activities in the society. I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.  

Trading Bitcoin as well as hodling Bitcoin can help alleviate the living conditions of many unemployed people in our society today, but they have to own a smart device that is well connected to the internet and can help them improve on the knowledge and practical processes of the application of cryptocurrencies.
Still, one of the reasons why Bitcoin and cryptocurrencies in general has faced backlash from government and security agencies is due to the increase in online fraud and money laundering and other criminal activities.

If Bitcoin and cryptocurrencies get regulated am sure it would sooth the government as a balm to their freyed nerves as regards money laundering claims and activities that may include sponsorship of terrorism, drugs and purchase of illegal arms and goods that isn't documented and very private.

[Tungbulu]

In truth, crypto currency has reduced the rate of unemployed youth in society. Most people are now into different kinds of crypto currency trading, both spot and future trades, and they have been making profits from them depending on the area that they are good at. 

While this is very true, let's also consider the other side effects of the emergence of cryptocurrency to our youths today.
Because of the introduction of cryptocurrency, a lot of Nigerian youths have also taken advantage of the crypto and now use the knowledge gotten from it to defraud and scam others who are naive and ignorant of cryptocurrency.

Now we have lots of youths who are involved in all sorts of crypto scams, I'm not saying that Nigerian youths introduced crypto scams, even before crypto was introduced to Nigeria, crypto scam has been in existence, when crypto came to Nigeria, while other Nigerians took advantage of the positive benefits of crypto, otger youths also took advantage of the negative benefits of crypto.

So crypto has its advantages and disadvantages to Nigerian youths.

[promise444c5]

Replying according to the topic itself...
I believe this is related to our country Nigeria
IMV, Bitcoin is being used for the opposite  more than the positive in our country why??? It's simple they're not willing to take any risk, or patience  for their growth, what they are after is just the quick money.
Bitcoin investment comes with patience for a Nice ROI.
However,some of  those willing to take such positive path still end up getting defraud by those taking the negative path which is really bad , might still serve as a reason for why some term it as a Scam ..
Thus we can come into conclusion that it's reduce crime as people engage their time with something new but not totally as there's an increase in cyber crimes

[Zanab247]

Yes, it can reduce crime from society if the leaders in the society will give free access to BTC users to impact those that don't have the ideal of BTC, I guess it will improve employment in the society and it will eliminate unemployment from the society.

Once people are engage in BTC business, it will be difficult for them to think of how to commit such crime in the society because they will be thinking or busy on how to focus on their BTC business that will turn them from nobody to somebody in the society which is the reason it is advisable to make BTC legal to the society.

Like the area of criminality in the society, it will be a thing of the past, if they can spread the information about BTC and what people can do with BTC to grow financially and materially with BTC business, I believe it will attract more people to embrace BTC business not to fall victim to criminality in the society.

[Doan9269]

Bitcoin have solved a lot of community problems and this has reduced the rate of violence among the citizens to have reduced because the young ones have seen opportunities in bitcoin adoption whereby they can make use of the time they have to learn and earn as well in bitcoin, invest and still make more earnings from their investments, these are rare opportunities their political leaders cant afford to give and bitcoin is freely offering to everyone.