Can Bitcoin help to reduce crime?

[Adams0001]

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.

It will be difficult for bitcoin to reduce crime because, as I understand it, people who engage in crime are looking for money, which is why they do such things, and Bitcoin requires money to invest before you can begin making money. That is why they suggested that before starting an online business or investing, you need have a source of income. People who do crimes do so to make money, and I doubt they can be patient enough to invest in bitcoin for a long time. I don't think even bitcoin will enter to their head, and such people require daily money, so in my opinion, only government entities can end crime in a county not bitcoin.

To begin bitcoin, you must first obtain funds to invest in it, so it will be difficult for someone who has been involved in crime for a long time to stop and engage in bitcoin; he will see bitcoin as a waste of time because he will not benefit from it, and no one can stay for long and calm down and conduct research on bitcoin. It will be difficult to see a country devoid of crime because every country has challenges, and bitcoin is not something that can end crime because if it could, I am sure every government would have already done so. Where some countries don't like cryptocurrency, how can he combat crime when certain governments don't.

[Miles2006]

I never really get your point but be like you dey talk about airdrops and other crypto wey you fit win prize or giveaway because for anyone to fit hold bitcoin the person go get money first. Aside say we need to get money first other ways dey wey you fit own bitcoin clean and smart like when you get skill mostly technical skills you fit still render your service and your payment method for come as bitcoin that one be say na your skill you give out. Definitely na person wey dey idle dey always think negative things like causing harm or kidnapping as nothing fit come out but if them fit get the privilege to get knowledge and work bitcoin can still be an option as bitcoin investment na better investment.

[Juicyhome]

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.

It will be difficult for bitcoin to reduce crime because, as I understand it, people who engage in crime are looking for money, which is why they do such things, and Bitcoin requires money to invest before you can begin making money. That is why they suggested that before starting an online business or investing, you need have a source of income. People who do crimes do so to make money, and I doubt they can be patient enough to invest in bitcoin for a long time. I don't think even bitcoin will enter to their head, and such people require daily money, so in my opinion, only government entities can end crime in a county not bitcoin.

To begin bitcoin, you must first obtain funds to invest in it, so it will be difficult for someone who has been involved in crime for a long time to stop and engage in bitcoin; he will see bitcoin as a waste of time because he will not benefit from it, and no one can stay for long and calm down and conduct research on bitcoin. It will be difficult to see a country devoid of crime because every country has challenges, and bitcoin is not something that can end crime because if it could, I am sure every government would have already done so. Where some countries don't like cryptocurrency, how can he combat crime when certain governments don't.

I think you are not understanding OP question,  OP is trying to know  the contribution of bitcoin in crime reduction,  if Bitcoin has the capability to reduce crime among the youths.

To me, the question is difficult to answer,  because it's a debatable question, to some people they will say bitcoin has Been able to reduce crime in their neighbourhood, because most guys won't be stealing goods or breaking into their houses are a result of their involvement in bitcoin.  That's to the layman understanding.

But for us that's into bitcoin investment,  you should know bitcoin  has increased cyberfraud, we have more cyberfraud than before in Nigeria or in thr world,  people use some fake bitcoin projects to scam people online.  This is to say  the physical stealing as gone into cyberspace. So this topic is debatable.

[DaNNy001]

I never really get your point but be like you dey talk about airdrops and other crypto wey you fit win prize or giveaway because for anyone to fit hold bitcoin the person go get money first. Aside say we need to get money first other ways dey wey you fit own bitcoin clean and smart like when you get skill mostly technical skills you fit still render your service and your payment method for come as bitcoin that one be say na your skill you give out. Definitely na person wey dey idle dey always think negative things like causing harm or kidnapping as nothing fit come out but if them fit get the privilege to get knowledge and work bitcoin can still be an option as bitcoin investment na better investment.

Normally we all know say one of the reason wey make governments dey fight against crypto Na because them feel say people dey use am do bad things because of em decentralised nature, especially hackers, if them get you down e go dey almost impossible to trace until dem make one careless mistake. But on the other hand, if our government dem decide to use crypto come make the wallet address of the country transparent, anything wey happen we all go see am, and that one go put fear for their body to collect anything outside signed and budget.

[sotelorene]

I never really get your point but be like you dey talk about airdrops and other crypto wey you fit win prize or giveaway because for anyone to fit hold bitcoin the person go get money first. Aside say we need to get money first other ways dey wey you fit own bitcoin clean and smart like when you get skill mostly technical skills you fit still render your service and your payment method for come as bitcoin that one be say na your skill you give out. Definitely na person wey dey idle dey always think negative things like causing harm or kidnapping as nothing fit come out but if them fit get the privilege to get knowledge and work bitcoin can still be an option as bitcoin investment na better investment.

Normally we all know say one of the reason wey make governments dey fight against crypto Na because them feel say people dey use am do bad things because of em decentralised nature, especially hackers, if them get you down e go dey almost impossible to trace until dem make one careless mistake. But on the other hand, if our government dem decide to use crypto come make the wallet address of the country transparent, anything wey happen we all go see am, and that one go put fear for their body to collect anything outside signed and budget.

You are right to an extent but I don't understand what you mean by government making wallet address transparent however, even if they make it transparent it won't prevent hackers or scammers from doing what they are suppose to do or what they want to do, remember the more people increase their knowledge in order not to get scammed, so are scammers and hackers also improving in their techs and skills. so I don't think making it transparent is the remedy to anything, I don't know why the government have refused to look on how to solve economical problems etc and be fighting something that has been in existence for years.

[NurseHub]

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.

Bitcoin is like a double-edged sword.

On the one hand, Bitcoin blockchain technology can make transactions more traceable, which could in one way reduce fraud as it's transparent compared to some other transmissions that no one can know.

Another is the rate of unemployment, and your mopping around for money is also ready with the help of crypto currency, which, with a mix of 5 youth, 2 or 3, is doing well in a legit way. Which also helps reduce financial crimes. 
But on the other side, which is anonymity, there can be unserious or illegal activities that, before you might realize it, it's gone.

It has also given some youth a more advanced way to commit fraud, giving them a better idea of how to use it, mainly for those who aren't patient enough but want quick money. 
But Bitcoin alone can't reduce crime in an environment because it's not a job unless you are doing other things in it. 

[DubemIfedigbo001]

I never really get your point but be like you dey talk about airdrops and other crypto wey you fit win prize or giveaway because for anyone to fit hold bitcoin the person go get money first. Aside say we need to get money first other ways dey wey you fit own bitcoin clean and smart like when you get skill mostly technical skills you fit still render your service and your payment method for come as bitcoin that one be say na your skill you give out. Definitely na person wey dey idle dey always think negative things like causing harm or kidnapping as nothing fit come out but if them fit get the privilege to get knowledge and work bitcoin can still be an option as bitcoin investment na better investment.

Normally we all know say one of the reason wey make governments dey fight against crypto Na because them feel say people dey use am do bad things because of em decentralised nature, especially hackers, if them get you down e go dey almost impossible to trace until dem make one careless mistake. But on the other hand, if our government dem decide to use crypto come make the wallet address of the country transparent, anything wey happen we all go see am, and that one go put fear for their body to collect anything outside signed and budget.

If you try this kind thing, you dey incur more harm than good, scammers, kidnappers and other outlaws fit use this opportunity take track how much dey your waley abs come for you. E go really increase crime rate as everybody know the money wey dey your wallet and the service providers for conspire with these bad guys to play dirty games.

If the government want to track security activities, they should install CCTV cameras at strategic places as seen in developed countries and empower the security agents with sophisticated gadgets to track law brakers. We have the funding to achieve that in this country. Make them no dey blame crypto for them inconsistencies.

[Stable090]

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.   

Hope you know bitcoin is not a get rich quick scheme, and our youths wey Dey into fraud no go fit get that patient to even invest in bitcoin, most of them na quick money wey dem go use flex and buy expensive cars dem Dey look for, but quick  money no Dey crypto ooo, you go need get patience and follow the right way.

Also plenty people no really get the money to invest in bitcoin, you no fit just make free bitcoin, is either you work for it, or you use your own money buy am. But how you want make person wey never chop see money invest in bitcoin, e no go possible now, even if d person get small money invest, any time wey hunger hold the person, him go sell am back.

But Bitcoin don help plenty people also, people wey you go Dey reason say na fraud them Dey do, some of them na bitcoin dem Dey into lowkey, if not for cryptocurrency, crime rate for pass like dis for this country, because some youths Dey wey Dey rely on crypto for survival.

[Hopila]

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.   
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This topic sweet me for Wella.

Honestly,this your suggestion of sensitizing society about Bitcoin and its potential impact on reducing crime na interesting perspective. Bitcoin and other cryptocurrencies get the potential to provide alternative financial opportunities for individuals, even those wey been dey marginalized or dey face some economic challenges. By promoting education and awareness about Bitcoin, individuals fit explore legitimate ways to engage with the digital currency and leverage its advantages for financial inclusion and empowerment. So for me, I fill say e go really help reduce crime for our society.

[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.   

Hope you know bitcoin is not a get rich quick scheme, and our youths wey Dey into fraud no go fit get that patient to even invest in bitcoin, most of them na quick money wey dem go use flex and buy expensive cars dem Dey look for, but quick  money no Dey crypto ooo, you go need get patience and follow the right way.

Also plenty people no really get the money to invest in bitcoin, you no fit just make free bitcoin, is either you work for it, or you use your own money buy am. But how you want make person wey never chop see money invest in bitcoin, e no go possible now, even if d person get small money invest, any time wey hunger hold the person, him go sell am back.

But Bitcoin don help plenty people also, people wey you go Dey reason say na fraud them Dey do, some of them na bitcoin dem Dey into lowkey, if not for cryptocurrency, crime rate for pass like dis for this country, because some youths Dey wey Dey rely on crypto for survival.

If I'm not mistaking I think all these you've outlined of being challenges to the youths on looking away from criminal indigences if only they can head towards the positive potentials of bitcoin is why bestcandy said "If only adequate scrutinization about bitcoin could be carried on".
I aslo agree with you Stable090 because economy is hard hard and so also means of survivor is becoming a serious challenge so, it's uneasy for everyone to adopt investing on bitcoin when they can't find food to eat first and stay alive before chasing long term goal of riches or planning ahead of their future. But if the technology and the society system is scrutinized, people would surely find means to benefit from it and it bitcoin blockchain securities is reviewed and enhanced, of course it could venture to crime reduction.

[Perfectbaby]

Crime doesn't controlled by bitcoin neither would it reduced through bitcoin and like i know crime can only be reduced from bitcoin when they engages themselves into trading bitcoin but for those who are not inclined about bitcoin could still go ahead with their crime and criminal activities except for those that has decided to be useful to themselves or had decided not commit any further crime. Haven't you seen that people criminal are increasing every day by day through bitcoin that is why most of the exchanges are being hacked on some basis. Bitcoin created for positivity but lot of people had seen the other way round as an easier way to illegal activity just as the news that came up saying cryptocurrency is used to collect ransom from victim relatives.

[Obari]

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 what slot of people lack is information, you’re member of a community like this, is simply because you’re informed on this  and bitcoin and the forum at large has also made me realized that, the saying that, success isn’t necessarily hard physical works but by more smart mental works and I’ve  and frankly I can’t get to disputes this facts.

Gainful employment by the government will help reduce crime just as bitcoin will if not better than how fast bitcoin will. Hunger and anger are two things that work together and this two things can make a person indulge in activities they really don’t expect and since bitcoin has at some time been described as the hope of the common man, I think if there is money to invest in bitcoin wisely, then that should be one wise thing anyone can do but I doubt if an individual who is struggling to feed would even consider investing in bitcoin now considering how much acquiring a reasonable fraction of bitcoin cost now, so I think rather than hoping on bitcoin to do all the basic role of government, we should rather beacon on government to provide jobs and employment for people and watch them run an amazing economy and country.

[Baki202]

Crime doesn't controlled by bitcoin neither would it reduced through bitcoin and like i know crime can only be reduced from bitcoin when they engages themselves into trading bitcoin but for those who are not inclined about bitcoin could still go ahead with their crime and criminal activities except for those that has decided to be useful to themselves or had decided not commit any further crime. Haven't you seen that people criminal are increasing every day by day through bitcoin that is why most of the exchanges are being hacked on some basis. Bitcoin created for positivity but lot of people had seen the other way round as an easier way to illegal activity just as the news that came up saying cryptocurrency is used to collect ransom from victim relatives.

I think what op means is that as bitcoin done they available it can help reduce crime and i feel say if the government can make use of this opportunity make them train most of these boys caught doing fraud but the government will feel they have other things to attend to and this na little, little things wey fit take their mind away from fraud. teach them how to trade, and even those that have been covinted for one crime or the other make them they learn trade and when they finish make them settle them it will help reduce crime. not just charging and persecuting them allowing them waste in jail, because boiz no get waiting to do na why them they do fraud and that one no be excuse because if government no help you, you no go help yourself. i notice say people they done catch before still they go back go comitt more crime so the thing just better say make them engage them when they finsh serving they settle them with tools that can help them become useful. and bitcoin is a very good example and some that are good with softwares government-fit; they make use of those type of people that is how we reduce crime.

[Tmoonz]

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.  

Bitcoin is not a quick and get rich scheme, it values appreciates for a substantial overall return only if viewed on a long term perspective hence I don't think if the knowledge of Bitcoin can reduce crime rate but rather it is employments opportunities that is meant to reduce crime rate and considering the fact that there must be a source of income before any one can successfully invest in Bitcoin, anyone considering investing in Bitcoin must have a good source of income in order to invest consistently through the DCA which will help in accumulating a good size of Bitcoin up to a reasonable amount and hold as long as possibly 4 to 10 years of having a compounded value of your investment of changing your financial status.

[Perfectbaby]

Crime doesn't controlled by bitcoin neither would it reduced through bitcoin and like i know crime can only be reduced from bitcoin when they engages themselves into trading bitcoin but for those who are not inclined about bitcoin could still go ahead with their crime and criminal activities except for those that has decided to be useful to themselves or had decided not commit any further crime. Haven't you seen that people criminal are increasing every day by day through bitcoin that is why most of the exchanges are being hacked on some basis. Bitcoin created for positivity but lot of people had seen the other way round as an easier way to illegal activity just as the news that came up saying cryptocurrency is used to collect ransom from victim relatives.

I think what op means is that as bitcoin done they available it can help reduce crime and i feel say if the government can make use of this opportunity make them train most of these boys caught doing fraud but the government will feel they have other things to attend to and this na little, little things wey fit take their mind away from fraud. teach them how to trade, and even those that have been covinted for one crime or the other make them they learn trade and when they finish make them settle them it will help reduce crime. not just charging and persecuting them allowing them waste in jail, because boiz no get waiting to do na why them they do fraud and that one no be excuse because if government no help you, you no go help yourself. i notice say people they done catch before still they go back go comitt more crime so the thing just better say make them engage them when they finsh serving they settle them with tools that can help them become useful. and bitcoin is a very good example and some that are good with softwares government-fit; they make use of those type of people that is how we reduce crime.

How can government train boys about bitcoin while they are Anti bitcoin?
This is not possible to happened so soon because government they said are looking for every best way to eliminate bitcoin entirely from people that are using it currently. Crime is crime and nothing can reduced crime, you don also look at well developed country how crime rate is increasing everyday despite they had all it takes to live comfortably in their country.
what just matters is that people should channel themselves to develop the skill in acquiring things that related to digitalization for easier way to make them reduce some illegal activities.

[Salahmu]

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.   

Yeah of course if we traced deep down the reason why the rate of crime in the country has increased drastically on a daily basis could actually be as a result of poverty and employment in the country because how can a person graduated from school after spending numerous of years in the school and come back home without government providing a job, though we no that sometimes after graduation people are supposed to use their knowledge of what they have learned to balance their life but however it was supposed to be the duty of the government to empower the youth if they are not privileged financially because so many persons has an idea of so many kind of business or agriculture they wish to venture into but capital is their problem, so perhaps if somebody like has stayed for number of years without anything to show for, what would you think will come to his mind? Of course at that moment he will be vulnerable to accept anything that would fetch him money whether illegal or not.

Though I no that even if the government provides work or decided to empower the youth crime will not completely be eradicated but at least it would have actually reduce it a lot, however sometimes when I watched news and see how the government is talking about fighting crime in the country I can't help but wonder if they are not really seeing that the root of the problem is as a result of poverty and high rate of unemployment in the country.

However Bitcoin would have actually be a game changer if everybody would actually venture into it but though it will not also completely stop the rate of crime but instead it will only reduce unemployment rate abit in the country because the focus of majority of people will be channel on Bitcoin investment.

[Jaycoinz]

As e be say the block chain dey transparent for everybody to see, people wey get trust issue with each other fit employ am to take dey monitor their money for themselves should in case anything move dem go know. Them fit use this kind technique for contribution meetings and other societal gathering. Bitcoin Na one of the best invention ever. It's over a decade now and the technology still look brand new except the skyrocket in price which is also a plus for the network. Bitcoin get more advantage than we fit think of now Na just to hold be the main thing.

[AmaGold70]

Every investment needs time and patience if you really want something to come out from it and investing in Bitcoin needs time and patience as well which a lot of our youths don't have especially with the inflation rate of everything in the country. Everybody wants quick money/wealth and Bitcoin isn't a quick scheme to riches, there's poverty, hunger and unemployment in the country so an unemployed youth can never make it through Bitcoin investment because there must be a side hustle too if you want good results from Bitcoin, so I'd say that Bitcoin can't help reduce crime but rather it will/has help reduce the rate of unemployment in the country.

[Reincarnated Sat]

Bitcoin has really helped the society, a lot of people has become rich through the help of Bitcoin and there by reduced crime, a lot of youths are now investing in Bitcoin and this has given them hope to stay positive and think on more cryptocurrency opportunities.
Bitcoin has helped in reducing crime I know of a guy that was so addicted to hard drugs which lead him to start stealing in other to buy those hard drugs for himself, but later changed when someone helped him so he can start a Bitcoin investment because it was discovered frustration of not having any investment was the cause of his addiction to drug's now he feels he has a good future and all he those now is work and grow his Bitcoin.

[Kliss]

Bitcoin can offer new and better opportunities, for youths and individuals to get good income for those who are ready to engage in acquiring knowledge about Bitcoin and having investment in bitcoin.  There are so many youths out there, despite the opportunities available to them to make profit, there are youths who still choose to participate in criminal activities.  There are individuals who know about Bitcoin but instead of using it for their advantage and betterment of their life, they engage using bitcoin on illegal activities. So the idea that bitcoin can reduce crime it's not certain if an individual mindset is not ready to embrace positive changes. Investing in Bitcoin, is a long term investment that requires patience and discipline,  most individuals in our country likes"sharp sharp means" to earn money. Without having a proper mindset  and  being disciplined, no matter the positive impact of bitcoin is having in our society there people who will commit crime.