Can Bitcoin help to reduce crime?

[Egii Nna]

Bitcoin no fit help reduce crime for crime still dey go higher higher though I believe it would have been worst if not for crypto, if we notice well we will see that somany person has involve there self into crypto currency investment but you will still notice that the high rate of crime is much but I believe it would have been worst if not for crypto because crypto currency and other online investment has kept some many mind busy and away from thinking about committing crime, for there is a saying that goes thus that an idol man is a devils workshop. I think it is the Government that can help to reduce crime.

Expectations wey we day carry give government don they too much, nah why anything wey come up we go put all hope for government be that let take an instance of bitcoin to stop all this criminal act why be say many youth day join robbery or yahoo nah because say e day very easy to join so why not we try that strategy for crypto investment nah.

If a yahoo boi succeeds him go open HK. Nah this place him go take the responsibility of this upcoming bois him go day feed them join and him go dat teach them yahoo after then cash out him get him own percentage so let say nah so you go cry space to teach people how to lear crypto and you fit give them some money to start u after they get profit you go collect back your money and some percentage in this place help them Abi you no help them? All this boi nah lack of capital they make them do this and you provide that we day you no go lose but for naija anybody wey open crypto academy the money we him go collect for feed 10 people for lie 3 month how did you expect per we no get kobo to join am?

[Mr.right85]

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.   

Eventually, crime wasn’t a major consideration with the Bitcoin innovation given that, this is supposedly a currency for everyday use by anyone around the globe and being a decentralized currency that exists within the web, it’s been used by many for the wrong reasons as well as the right reason, it wasn’t meant to checkmate crime but, at the CEX level, this can be easily traced back with measures been taken to apprehend and contain criminal masterminds but, it wasn’t the purpose as I know it:

[Blink star]

Bitcoin can only reduce crime rate in the society for the ones who knows how to read and write because someone who don't go to school can't just wake up one morning and start talking about Bitcoin. The important thing is anything that has positive also have negative... Bitcoin can reduce crime and can not also reduce crime.

[Makus]

Bitcoin can only reduce crime rate in the society for the ones who knows how to read and write because someone who don't go to school can't just wake up one morning and start talking about Bitcoin. The important thing is anything that has positive also have negative... Bitcoin can reduce crime and can not also reduce crime.

Though you correct sha, as people need education to be able to understand and thrive in crypto but I just wan ask you weda, people wey no go school, no dey use bank? For our country both the educated and uneducated persons dey fit use phone, sometime our mama dem go call is to help dem dail person number or save number wey dem fit dey call. And small small dem fit do am by them selves. But talking about Bitcoin even if then no fit make trades and transactions by themselves dem fit call one of their trusted children to help dem dey make transactions. Majority of persons in this world are getting digitalized but the few wey no fit meet up, no problem, because no matter how people adopt reach, no be everybody go fit hold Bitcoin, some by choice while others Na by restriction.

[Nonstop_H]

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.   

Op that sound good in the ear, creating a thread that that will curtail the rate of crime expecially among the youth is nice, it is said that a labourer deserve wages, as you go about in life to to work, you also need patience to get ur wages, Bitcoin as we all know is not a get rich quick scheme, one of the problem of crime perpetrators is inpatient. Otherwise why will a youth who has both hands and leg and healthy prefer to comit crime.instead of to labour be patient and get paid or wages for your labour.

[Tungbulu]

Bitcoin can only reduce crime rate in the society for the ones who knows how to read and write because someone who don't go to school can't just wake up one morning and start talking about Bitcoin. The important thing is anything that has positive also have negative... Bitcoin can reduce crime and can not also reduce crime.

Though you correct sha, as people need education to be able to understand and thrive in crypto but I just wan ask you weda, people wey no go school, no dey use bank? For our country both the educated and uneducated persons dey fit use phone, sometime our mama dem go call is to help dem dail person number or save number wey dem fit dey call. And small small dem fit do am by them selves. But talking about Bitcoin even if then no fit make trades and transactions by themselves dem fit call one of their trusted children to help dem dey make transactions. Majority of persons in this world are getting digitalized but the few wey no fit meet up, no problem, because no matter how people adopt reach, no be everybody go fit hold Bitcoin, some by choice while others Na by restriction.

Inasmuch as Bitcoin don stay Tay for the world, we no fit overlook the fact say it's still relatively a new technology, compared to other technologies that have been and still in existence, and it'll still take several years for Bitcoin to gain mass adoption, although millions of people around the globe are actively involved in the cryptocurrency business, but compared to the overall population of the world, you'l go know say plenty people never even dey involved for Bitcoin, that is to say that bitcoin still need more time to reach that level of mass adoption wey traditional banking systems don attain.

So when time reach wey Bitcoin go gain such popularity for this world, both old folks them go follow use am too, but for now, the thing go too dey complex for them, even when you explain am for them, them fit talk say na scam self.

[Makus]

Inasmuch as Bitcoin don stay Tay for the world, we no fit overlook the fact say it's still relatively a new technology, compared to other technologies that have been and still in existence, and it'll still take several years for Bitcoin to gain mass adoption, although millions of people around the globe are actively involved in the cryptocurrency business, but compared to the overall population of the world, you'l go know say plenty people never even dey involved for Bitcoin, that is to say that bitcoin still need more time to reach that level of mass adoption wey traditional banking systems don attain.

So when time reach wey Bitcoin go gain such popularity for this world, both old folks them go follow use am too, but for now, the thing go too dey complex for them, even when you explain am for them, them fit talk say na scam self.

Not too go far, ma bro. Currently like this many of our old men for house still dey tell us say one day this tin fit crash come latter be scam, say make we mind the amount wey we put inside. No matter how hard we try to explain dem no dey gree, but if to say our government don legalize am to the extent wey we dey use am for our daily transactions sef e for make plenty person believe say Bitcoin no be scam and that go increase the amount of investors for this network. I no know why many of the governments dem no wan free learn from EL Salvador. You can imagine the growth and success wey Bitcoin don carry out for El Salvador body since when dem accept am as legal tender, but yet government go dey think say Na Bitcoin wan fall Thier economy.

[Tungbulu]

Inasmuch as Bitcoin don stay Tay for the world, we no fit overlook the fact say it's still relatively a new technology, compared to other technologies that have been and still in existence, and it'll still take several years for Bitcoin to gain mass adoption, although millions of people around the globe are actively involved in the cryptocurrency business, but compared to the overall population of the world, you'l go know say plenty people never even dey involved for Bitcoin, that is to say that bitcoin still need more time to reach that level of mass adoption wey traditional banking systems don attain.

So when time reach wey Bitcoin go gain such popularity for this world, both old folks them go follow use am too, but for now, the thing go too dey complex for them, even when you explain am for them, them fit talk say na scam self.

Not too go far, ma bro. Currently like this many of our old men for house still dey tell us say one day this tin fit crash come latter be scam, say make we mind the amount wey we put inside. No matter how hard we try to explain dem no dey gree, but if to say our government don legalize am to the extent wey we dey use am for our daily transactions sef e for make plenty person believe say Bitcoin no be scam and that go increase the amount of investors for this network. I no know why many of the governments dem no wan free learn from EL Salvador. You can imagine the growth and success wey Bitcoin don carry out for El Salvador body since when dem accept am as legal tender, but yet government go dey think say Na Bitcoin wan fall Thier economy.

The difference between El Salvadoran government and Naija government long, as small as El Salvador dey, you still no fit compare am with our own country because the difference loooong.
That case na pure example of leaders wey get vision and better plan for their country and citizens, and they gradually dey work towards am. Before who Sabi El Salvador, but after their new presido choose to adopt Bitcoin on a very large scale, na so the country just turn around.
News been come out that time say the presido announce say the country itself go dey buy 1btc every day, which i believe never dey for him own personal investment.
Just imagine say them buy 1btc every single day until the next bull run, you know how much profit wey the country go get for their reserve?

Naija government too dey greedy to take such bold step walahi, because instead of legalized bitcoin, them go reason how much them go lose from stealing citizens money all in the name of saving their money in the bank and how much tax them fit no collect from people, because with Bitcoin everybody go dey in charge of their own money without government telling them wetin to do or how to move their money, this go make them always dey fight crypto, except better leader enter seat, leader wey get the interest of the citizens for mind.

[Bright0515]

The way me I take see this matter dey different from the way other people dey see am oo. For true true if u look am well well Bitcoin Dom really help the society to reduce crime the rate of theft and cultism Dom reduce because the major factor wey been dey cause these things na poverty and now many people Dom dey cash out on cryptocurrency on a steady and wen funds dey ur hand u no go even reason too much bad thing oo. That one na the area wey cryptocurrency take help the society.

Before our young youths been dey very serious for work and Dem dey learn hand work but now the young girls dey follow Young boys wen dey make am from crypto currency and from that they no wan work, our boys now no wan stress themselves because them dey eat from cryptocurrency trading now them no dey think of tomorrow as many no dey even invest at all I get nigga wey been dey claim big bobo dey flex because him dey earn every week for here him come forget say this place no be him get am when Dem come remove an from campaign this guy now dey beg dey waka but him parents been dey beg am to go complete de work wen him dey learn him no gree now he wan start from square one and him no save anything him no reason future him eat him today and yesterday the same time.

Moral lesson: anything wey get advantage get disadvantage too use ur time well crypto no be u get am person wey Dom enjoy come broke again no fit with stand  the pressure na from there crime dey start use ur head.

[Agbe]

Cybercrime is increasing daily and those fraudulent elements have creeped into the cryptocurrency ecosystem and using cryptocurrencies to deceive people and scam them. But upon all that cryptocurrency has helped a lot of people from poverty line and they have achieved great things in their life. But bitcoin can't reduce crime. Anyone was was committing crime and join bitcoin then he go still do. There are some guys that are here and di way they are talking through their contributions to other people comments looks scammers. They were doing it before coming to dis forum so the blood e still dey. But that doesn't mean say dem no fit change, dem fit change but not because of bitcoin but from the mindset. Unemployment can really make people to commit crimes which normally they wouldn't.

[Odohu]

I know say the OP dey reason in the aspect of earning money from Bitcoin but I wan digress small to the practical use of Bitcoin. I don take small time take review how bitcoin fit dey useful to take fight crime especially for our Naija but the truth be say, e no get much wey Bitcoin fit do unto the matter. Fear dey catch me self if I imagine wey our politicians fit do if them get full update on how to take use Bitcoin, that one be say we no go even hear anything about recovered loot because them go use Bitcoin take syphon the money still run the Bitcoin through mixers make nobody for know where the coins from and who get am.

Even as e be say Bitcoin no fit help reduce crime, blockchain wey be the technology wey them take build Bitcoin fit really help stop crime or reduce up for public service. If government fit run their matter in some ministry through blockchain, I believe say e go help well. Like for public procurement, contracts awarded, employment record and many other data fit dey loaded into blockchain and made available for public to see as e dey be. This way we no go hear ghost workers, audio project and inflated budget because everything dey public. This na ways wey me think say blockchain fit help reduce crime for we governance.

[Obari]

Yes bitcoin is already doing the most in helping to fight criminality because a lot of youths have found a career in cryptocurrency and are now gainfully making good use of their time and minds rather than waiting on the government and not getting anything at the long run.

We can’t just point hands at just the youths but that also at the government because they also play a very major role in fighting this criminality in a more appropriate and calm way which is by maybe a peaceful dialogue and the rest of them would really go a very long way to reduce crime as the government will be able to answer tot the direct needs of the youths and his people.

[Juicyhome]

Yes bitcoin is already doing the most in helping to fight criminality because a lot of youths have found a career in cryptocurrency and are now gainfully making good use of their time and minds rather than waiting on the government and not getting anything at the long run.

We can’t just point hands at just the youths but that also at the government because they also play a very major role in fighting this criminality in a more appropriate and calm way which is by maybe a peaceful dialogue and the rest of them would really go a very long way to reduce crime as the government will be able to answer tot the direct needs of the youths and his people.

crime reduction is a personal thing,  some people no matter the resources in their pockets, they eyes is still in another man's pocket. They won't rest until they steal that one in your pocket. Because since wey bitcoin come out, Nigeria suppose be free from some kind criminality,  like ritual and cultisim. Bitcoin has helped many youths from poverty in this country,  yet some are still doing drugs and cultisim that doesn't pay atall. The government Don try ,bitcoin Don try too, na person decision from out youths remain to ealnd crime for our country.

[Derekfunds]

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.   

Op, you are right and I believe even if there was an adequate sensitization of Bitcoin nothing would still happen I mean people would have still engaged themselves in anything they feel is good for them. You wey dey this forum like this you been get adequate sensitization of Bitcoin before you join this forum. there's something I strongly believe and that thing is no matter how much awareness you create on a particular thing someone who will not participate will not participate what am saying is that there are people who have decided to engage themselves in immoral activities no matter what they gave to them. In summary I don't think Bitcoin reduce any crime rather it create an opportunity for people who are willing and have the believe that they can make it or sustain themselves through it.

[asarfiar]

In fact, sufficient awareness of Bitcoin may not be the main reason for the decrease in crime. but I think that a handful of people in society who are involved in criminal activities in society may be a bit addicted to the knowledge of Bitcoin, which will show that the criminal has something to spend instead of 20 hours Time It will take some time to gain knowledge of Bitcoin. You will also notice in the future youth that Bitcoin is coming to analyze the connection between previous studies and the anonymous cryptocurrencies they will be used for. As mentioned here, some methods are used to make Bitcoin crimes less detectable, such as: money laundering, terrorist financing, confiscation, tax evasion and fraud. It can also be inferred that as Bitcoin usage increases crime rates will decrease.

[Marykeller]

Get a job, learn a skill or start up a trade. Na wetin I know wey go fit stop crime for society be that.

When peso get busy with their life, them go find am hard to engage any crime of any nature because of sae, them have something doing wey d get them busy and take most of their time.

You see as bitcoin investment d so, na another source of income. No be wetin person go depend on cos you no fit invest on am and becomes idle without doing anything that will keep your busy and provide for you until when your bitcoin investment go yield you better profits to consider selling out of the profits made from your bitcoin investment

[Cryptoprincess101]

Bitcoin no fit help reduce crime for crime still dey go higher higher though I believe it would have been worst if not for crypto, if we notice well we will see that somany person has involve there self into crypto currency investment but you will still notice that the high rate of crime is much but I believe it would have been worst if not for crypto because crypto currency and other online investment has kept some many mind busy and away from thinking about committing crime, for there is a saying that goes thus that an idol man is a devils workshop. I think it is the Government that can help to reduce crime.

I understand what you are saying mate because there are some fraudsters hiding under the disguise of being into Bitcoin investments so crime is crime the only thing I can agree is that Bitcoin has helped a lot of jobless youths and graduate because so many people are into Bitcoin investments now and they are succeeding already. But even though a lot of people are into Bitcoin don't mean that some of them don't engage in crimes. Human wants are insatiable thereby there will always be people that are not contented with the amount of money they are making legitimately online and will still want to get involved in some fraudulent activities in order to get more money.

When we are talking about the government, it is you and I because most of us know this guy's that commits crimes so it is our duty as a citizen to make sure we help the government by advising those fraudsters to stop and invest in something meaningful or if possible we report them to security agencies because even if you are not a victim of these fraudulent people, your loved ones or relatives can be affected and when it get to your knowledge you won't be happy with them.

[Plan well]

While Bitcoin has the potential to reduce crime, it'simportant to note that it's not a silver bullet. Criminals may still attempt to use Bitcoin for illicit activities, and new forms of crime, such as cryptocurrency fraud and hacking, have emerged.

[Judith87403]

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.   

Actually crime has been in existence even before the adoption of bitcoin, I think is even going to be worst now reason is because most of this internet fraudsters have been using bitcoin to scam people. so therefore I don't think if bitcoin can help to reduce crime in our society, rather the rate of crime will still increase the more. However Crime can only be reduced through the help of the government, they're the only one who's in the right position to reduce the rate of crime in our society.

Talking about adequate sentization of bitcoin in our society that it will help in the reduction of crime, what makes you think that those criminals will pick interest in bitcoin investment? Even if they venture into bitcoin unlike as you said but that doesn't mean that they're going to withdraw from their criminal act, rather they will be Investing in bitcoin and at same time using bitcoin for other fraudulent activities at this point what shows that bitcoin has reduced crime in the society?

[Abbatty]

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 we need to know what kind of crime you talking about, like weather na cyber crime you de talk about Abi na normal theft crimes for our society. If na cyber crime I go say YES bitcoin have really reduced the rate of cybercrime for Naija. Most boys wey de into yahoo left yahoo because of one reason or the other( involvement of juju, needing to buy expensive tool e.t.c) and are into bitcoin investment today. But in na for theft crimes I no sure say e reduce that one because I can say for sure that the rate of theft in every community in Nigeria today is on increase.

But I will still advise anyone who is think of going into bitcoin investment or any other alt coin, know that it not a get rich fast kinda scheme, it’s something that need your patience and research so you don’t panic when the market is not going the way you want. So make a lot of research, ask questions where you seems lost or confused before investing.