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Topic: Could bitcoin prevent crime? - page 10. (Read 9664 times)

sr. member
Activity: 462
Merit: 250
January 26, 2017, 03:23:39 AM
#65
The crime will be significantly reduced, if people stop carrying physical cash and credit cards in their wallet. They can make the payments using the Bitcoin wallet in their mobile phones. Even if someone steals the mobile phone, it will be of no use. The wallet will be protected by 2-factor authentication and by the time the thief manages to crack it, the coins will be transferred somewhere safely.
yes good thinking bitcoin can really reduce such kind of crime to snatch the physical money from a person or to steal a check book and then cash it illegally, because if you have bitcoin in you wallet they it so safe form stealing unless some one steal your pass key, and that can only be possible because of your carelessness. otherwise it is not so easy to steal the passkey of a online wallet of a person.
hero member
Activity: 854
Merit: 500
January 26, 2017, 02:18:50 AM
#64
Bitcoin is just a tool for financial transaction and it is upto the user how they gonna use bitcoin. You may be talking about using escrow in middle to not get scammed during some deal, than yes escrow can prevent someone from scamming others but this can't be taken as preventing crime.

Bitcoin is being used for both legal and illegal transactions and businesses.
legendary
Activity: 1120
Merit: 1000
January 26, 2017, 01:23:42 AM
#63
Yes bitcoin can prevent crime from the way I see it, bitcoin provides a way to earn some decent income legitimately for quite a number of people even on this forum alone is enough compared to other forums as well. we have had coders and IT experts coming here to earn something in which case they would have engaged in something else if this is not provided for them which there is possibility that it might be illegal. So, whether we like it or not, that counts and it means less people engaging in criminal activities.


LOL. your reason is too general, That means all things in the world can stop crimes because it is just a matter on how they use it.  In my opinion bitcoin can do both prevent and reason to made a crime. Bitcoin is money no matter what angle we see it. And money is common reason for crimes, Then it will prevent a crime once it is used on good things just like helping poor people so that they will not do bad things just for money
Maybe he never thought that bitcoin is a currency not a police.
Preventing crime isn't a job of the bitcoin, i might say that it can't prevent crime, but with it's technology the blockchain people will think twice before do something criminal, however people can increase their anonimity like using 3rd party such a mixing service so it makes the police hard to trace who's behind that address.
member
Activity: 112
Merit: 10
January 26, 2017, 01:12:40 AM
#62
I am not sure, it depends of the user bitcoin. quite the contrary, the existence of the bitcoin is very prone to be used as a place of criminal transactions, such as purchases of drugs, money laundering and so on. but I say once again that it depends of the user bitcoin.
legendary
Activity: 2450
Merit: 1047
January 26, 2017, 12:38:04 AM
#61
I have no idea how bitcoin could and can prevent crime,in fact they are being used illegally in the dark web,people can set up an escrow company but still many people will prepare without an escrow as long as he company or the person they are sending their bitcoin are trusted.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
January 26, 2017, 12:29:06 AM
#60
Yes bitcoin can prevent crime from the way I see it, bitcoin provides a way to earn some decent income legitimately for quite a number of people even on this forum alone is enough compared to other forums as well. we have had coders and IT experts coming here to earn something in which case they would have engaged in something else if this is not provided for them which there is possibility that it might be illegal. So, whether we like it or not, that counts and it means less people engaging in criminal activities.


LOL. your reason is too general, That means all things in the world can stop crimes because it is just a matter on how they use it.  In my opinion bitcoin can do both prevent and reason to made a crime. Bitcoin is money no matter what angle we see it. And money is common reason for crimes, Then it will prevent a crime once it is used on good things just like helping poor people so that they will not do bad things just for money
While money is one of the most common reasons for any crime I was under the impression most crimes in the world are still passionate in their nature, basically people do them because they fell something about committing the crime, envy, jealousy, anger.
What about greed? Is this still a crime of passion if one is greedy? Grin
Sure, crimes of passion are the most common and usually the victim and the attacker know each other, but there are other feelings responsible for the wave of crime. One of the most common is boredom. Kids from both good and bad families want to try out something new, with a kick of adrenaline, so they go shoplifting or attack and rape some girl, just to see how it feels. Bitcoin won't prevent such crimes from happening, nothing will.
sr. member
Activity: 840
Merit: 254
January 26, 2017, 12:19:26 AM
#59
Yes bitcoin can prevent crime from the way I see it, bitcoin provides a way to earn some decent income legitimately for quite a number of people even on this forum alone is enough compared to other forums as well. we have had coders and IT experts coming here to earn something in which case they would have engaged in something else if this is not provided for them which there is possibility that it might be illegal. So, whether we like it or not, that counts and it means less people engaging in criminal activities.


LOL. your reason is too general, That means all things in the world can stop crimes because it is just a matter on how they use it.  In my opinion bitcoin can do both prevent and reason to made a crime. Bitcoin is money no matter what angle we see it. And money is common reason for crimes, Then it will prevent a crime once it is used on good things just like helping poor people so that they will not do bad things just for money
While money is one of the most common reasons for any crime I was under the impression most crimes in the world are still passionate in their nature, basically people do them because they fell something about committing the crime, envy, jealousy, anger.
hero member
Activity: 1106
Merit: 638
January 26, 2017, 12:02:07 AM
#58
Are you kidding?!

Every BTC transaction for a good or a service on this forum involves the use of an escrow because regular bitcoin transactions are irreversible and technically anonymous.

Escrow is almost the most frequent service offered on this forum, second only to signature campaigners.

Moreover, the way I see it bitcoin is only a P2P payment system without the need of third trust entities. No police, no god no more no less.
hero member
Activity: 628
Merit: 500
No banking,Only Bitcoin!
January 25, 2017, 11:56:47 PM
#57
Perhaps the nature of bitcoin is anonymous. People like terrorist and cybercriminals can easily abuse Bitcoin seeking to take advantage from payment method and payments technology. I think we've heard some news about criminal news that smelled bitcoin and bitcoin couldn't prevent crime but only help them.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
January 25, 2017, 11:44:44 PM
#56
The crime will be significantly reduced, if people stop carrying physical cash and credit cards in their wallet. They can make the payments using the Bitcoin wallet in their mobile phones. Even if someone steals the mobile phone, it will be of no use. The wallet will be protected by 2-factor authentication and by the time the thief manages to crack it, the coins will be transferred somewhere safely.
You must be dreaming. In some parts of the world they will rob you at gunpoint just to steal the phone. They won't even know how to use your bitcoin wallet nor will they care to learn.
If you have trezor you still aren't safe as it is worth more than the cash many people carry in their wallets.
sr. member
Activity: 434
Merit: 250
January 25, 2017, 11:35:23 PM
#55
No it will not prevent a crime actually its strengthen and give confidence to the criminals to commit a crime because of its anonymous nature , When dealing with large sum of money I advice not to use bitcoin because you have no assurance of the identity of the buyer and can easily scam you.
hero member
Activity: 850
Merit: 504
January 25, 2017, 11:32:19 PM
#54
it's the opposite due to the decentralized nature and thus more hard to control, it's strengthen the crime activity

yes due to decentralization, it wouldnt prevent crime. since it will be so hard to control the in and out of bitcoins. its hard to control all the transaction and due to this, bitcoin can be a MEDIUM or TOOL to do crime or any illegal activities.  since identities are hidden, so it will be a great way for criminals (or people who have criminal minds) to do an illegal acts. and sadly, this is the biggest DISADVANTAGE of bitcoin and decentralization.

Yes, that is true with bitcoin anonymity bitcoin can not prevent crime, in addition it can used as a tool to encourage make a crime. Bitcoin is simply lioke our fiat money. Whatever you do with yopur money, whether for fraud or not its up to you.
hero member
Activity: 560
Merit: 502
January 25, 2017, 11:12:32 PM
#53
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!)
Are you aware of the amount of bitcoin related scams attacking? It is unbelievable. Most bitcoin thefts are nothing more than simple embezzlement.
How can you prevent scams like fake cloud mining company or HIYPs Ponzi schemes stealing our money?
hero member
Activity: 2646
Merit: 686
January 25, 2017, 10:54:39 PM
#52
How can Bitcoin prevent crime, first of all we all don't really know who the other user is and so don't our hi tech agencies. Terrorists could well be using it and they would not even be leaving a paper trail behind. If you are indicating that instead of cash, if money is paid in Bitcoin crime is not crime or can it be prevented, how op. Won't the user of Bitcoin immediately convert it to Fiat money? There's absolutely no way of stopping crime from using Bitcoin, though if we all come to know we any such shady activities, we can report it but doubt it will help much.
hero member
Activity: 2464
Merit: 594
January 25, 2017, 10:46:15 PM
#51
no it can't, more users here in bitcoin is do scamming other users also some corporation do that already by starting investment site which has promising interest to lure more users to invest. Thats the only thing i know to have crime in bitcoin.
Yeah, scammers are criminal, they don't belong here. We should be aware and not be tempted on investments  where their primary purpose is to get our own money. Just invest on those most trusted company like having a good reviews/feedback and testimonials.
legendary
Activity: 1442
Merit: 1025
January 25, 2017, 10:32:57 PM
#50
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!)
I have read an article in some countries, due to bank cards thieves and pickpockets are go starving and started to switch over their "job". If it is really happening then bitcoin also will bring revolution just due to cash-less transactions.

But I am very much sure, bitcoin payments will eliminate corruptions and bribes if governments start using it.
sr. member
Activity: 532
Merit: 280
January 25, 2017, 08:11:18 PM
#49
no it can't, more users here in bitcoin is do scamming other users also some corporation do that already by starting investment site which has promising interest to lure more users to invest. Thats the only thing i know to have crime in bitcoin.
sr. member
Activity: 504
Merit: 250
January 25, 2017, 08:06:51 PM
#48
it's the opposite due to the decentralized nature and thus more hard to control, it's strengthen the crime activity

yes due to decentralization, it wouldnt prevent crime. since it will be so hard to control the in and out of bitcoins. its hard to control all the transaction and due to this, bitcoin can be a MEDIUM or TOOL to do crime or any illegal activities.  since identities are hidden, so it will be a great way for criminals (or people who have criminal minds) to do an illegal acts. and sadly, this is the biggest DISADVANTAGE of bitcoin and decentralization.
legendary
Activity: 1834
Merit: 1520
January 25, 2017, 02:20:34 PM
#47
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!)

Only this way it can prevent crime.

However, I'm sure that bitcoin would be used more for illegal activities (such as gambling and ponzi schemes) than good activities.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
January 25, 2017, 02:10:11 PM
#46
Sorry, let me rephrase - not prevent crime exactly, but prevent violence during criminal transactions.

In a criminal transaction Escrow would be the safest option because if the escrow jets with the money he'll have two criminals after him, not just one!


I am pretty confident when people decide to do a criminal activity they don't use escrow. The same is, when people use fiat money almost all of the times they use only cash and no web banking and debit/credit cards and so on. Moreover, the way I see it bitcoin is only a P2P payment system without the need of third trust entities. No police, no god no more no less.
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