Topic: Could bitcoin prevent crime? - page 5. (Read 9664 times)
Nothing can prevent crime, there are so many technologies that are able to help us on pursuing criminals but even with all of this technology it is not enough to stop crime and the same applies to bitcoin.
I think no. Because as you can see the bitcoin transactions is on the web and the transactions and wallet address is still anonymous because of that, So simply the bitcoin is not preventing crime and somehow it the source of the crime because you will be anonymous if you will use bitcoin. So for overall I think bitcoin is not preventing crime. All of kind of money is used at the crime even fiat money so It is normal that bitcoin is use in crime.
Bitcoin cannot stop or prevent crime just like the traditional currencies. As a currency its function only is to serve as a currency and not on crime prevention. Crime monitoring is not the job of bitcoin technology but on the police department. But it is possible to stop criminality if the authorities will create a task force to monitor and trace the monetary activities of criminals.
I once read an article that drug dealers in jail because of a trade using bitcoin, but many say that bitcoin is a tool for crime because many loopholes that exist in the currency bitcoin as anonymity
They are not loopholes but people use it for the negative purposes. The OP is asking as if it can prevent scams, well, if you use a trusted escrow service then most probably yes and if you think, Bitcoin can indirectly prevent crimes as people can earn them for their daily needs rather than thinking of doing crimes..
I once read an article that drug dealers in jail because of a trade using bitcoin, but many say that bitcoin is a tool for crime because many loopholes that exist in the currency bitcoin as anonymity
I think no. Because as you can see the bitcoin transactions is on the web and the transactions and wallet address is still anonymous because of that, So simply the bitcoin is not preventing crime and somehow it the source of the crime because you will be anonymous if you will use bitcoin. So for overall I think bitcoin is not preventing crime. All of kind of money is used at the crime even fiat money so It is normal that bitcoin is use in crime.
Bitcoin cannot stop or prevent crime just like the traditional currencies. As a currency its function only is to serve as a currency and not on crime prevention. Crime monitoring is not the job of bitcoin technology but on the police department. But it is possible to stop criminality if the authorities will create a task force to monitor and trace the monetary activities of criminals.
If anything in my opinion it will create crime. Since bitcoin is untraceable people can use it for illegal stuff such as drug selling, etc.
This is a very serious concern
This is a very serious concern
I think no. Because as you can see the bitcoin transactions is on the web and the transactions and wallet address is still anonymous because of that, So simply the bitcoin is not preventing crime and somehow it the source of the crime because you will be anonymous if you will use bitcoin. So for overall I think bitcoin is not preventing crime. All of kind of money is used at the crime even fiat money so It is normal that bitcoin is use in crime.
It is difficult to answer such a question.
Bitcoin is being a crypto currency helps us definitely ,
To keep our privacy and details safely.
But this asset of bitcoins can be misused too.
Many blockchain accounts may get hacked by hackers.
Activities like bribing, gambling etc have increased drastically.
Bitcoin was created to ease the transition but its this feature is being misused.
Bitcoins can definitely increase the scope of trade.
But I don't think it can prevent crimes.
Bitcoin is being a crypto currency helps us definitely ,
To keep our privacy and details safely.
But this asset of bitcoins can be misused too.
Many blockchain accounts may get hacked by hackers.
Activities like bribing, gambling etc have increased drastically.
Bitcoin was created to ease the transition but its this feature is being misused.
Bitcoins can definitely increase the scope of trade.
But I don't think it can prevent crimes.
I totally agree with you. Many may think it can reduce crimes like theft etc. And its right too.It can reduce small crimes like theft etc but frankly speaking ,it will only increase illegal activties such as weapon trades , drug trades etc because there is no proof or evidence.
In my opinion usage of bitcoin will only increase the crime rates.
It is difficult to answer such a question.
Bitcoin is being a crypto currency helps us definitely ,
To keep our privacy and details safely.
But this asset of bitcoins can be misused too.
Many blockchain accounts may get hacked by hackers.
Activities like bribing, gambling etc have increased drastically.
Bitcoin was created to ease the transition but its this feature is being misused.
Bitcoins can definitely increase the scope of trade.
But I don't think it can prevent crimes.
Bitcoin is being a crypto currency helps us definitely ,
To keep our privacy and details safely.
But this asset of bitcoins can be misused too.
Many blockchain accounts may get hacked by hackers.
Activities like bribing, gambling etc have increased drastically.
Bitcoin was created to ease the transition but its this feature is being misused.
Bitcoins can definitely increase the scope of trade.
But I don't think it can prevent crimes.
No, it increase the crime rate imo xd
Look at credit cards, banks fraud. Everything is registered with personal details, names, age, gender, address and so.
But look at bitcoin, look at all the cryptos, Look at zcash.
Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain
It hides the sender, recipient, value of transaction.
It doesn't prevent crime i suppose
Look at credit cards, banks fraud. Everything is registered with personal details, names, age, gender, address and so.
But look at bitcoin, look at all the cryptos, Look at zcash.
Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain
It hides the sender, recipient, value of transaction.
It doesn't prevent crime i suppose
No, bitcoin can not prevent crime because bitcoins can be used for good and bad everything
depend on users bitcoins what will do with bitcoins,
bitcoin is same with other money although bitcoin can be tracked via wallets and the peoples can see it
but bitcoin is more like new technology for save value than prevent crime.
depend on users bitcoins what will do with bitcoins,
bitcoin is same with other money although bitcoin can be tracked via wallets and the peoples can see it
but bitcoin is more like new technology for save value than prevent crime.
Yes I almost agree with the comments above, Bitcoin will not be able to prevent crime on the Internet, while in the real world Bitcoin will be relatively safer because transactions.
If it's safe or not an issue, then it's back to the individual self, how strong you are to protect and prevent the crime itself.
don't be used for something illegal is like for money laundering,
because the impact will make image of bitcoin is bad.
It is impossible for bitcoin to prevent crimes as it is firstly known to be used for Illegal activities although it is not made for the said purposes bitcoin is designed for anonymity in the early years and even all the transactions of bitcoin could be traced now there are many cryptocurrency that can used as an alternate for bitcoin and which is totally not traceable.
I think you got it wrong. What the OP wants to know is if during the transaction, bitcoin could be the best solution for scammers to keep out and escrows could make it happen. Anyway, I think if the purpose of the thread is for those who has illegal transaction hiring a escrow so the conditions in their trade is being followed, it is possible.
But if the escrow that you find on a big deal is one sided, or probably there is a conspiracy between the other guy, then I think it will just be a mess if the other side notices that it is what you did.
Remember that no software is un-hackable. There's always a way...
It is impossible for bitcoin to prevent crimes as it is firstly known to be used for Illegal activities although it is not made for the said purposes bitcoin is designed for anonymity in the early years and even all the transactions of bitcoin could be traced now there are many cryptocurrency that can used as an alternate for bitcoin and which is totally not traceable.
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 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!)
Lol, bitcoin itself has nothing to do with crime. It's like does fiat money prevents crime? Bitcoin is neutral, it depends how do you use it. Criminals can always find some way to use bitcoin, like criminals can use cars or guns, but there's nothing wrong with cars or guns.
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 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!)
Lol, bitcoin itself has nothing to do with crime. It's like does fiat money prevents crime? Bitcoin is neutral, it depends how do you use it. Criminals can always find some way to use bitcoin, like criminals can use cars or guns, but there's nothing wrong with cars or guns.
Haha bitcoin is not a social program, bitcoin can do miracles. This headline is funny, thread have sense and some logic but again people who wish yo do illegal things will use different altcoins for that. Criminals will always find a way!
Criminals will anyhow make an alternate path for their criminal activities. Even with fiat the majority of crimes taking place though it has got several tracking accessibility. As suggested bitcoin can do miracles but the miracle has a dependence upon the user who is responsible for that. 
I do not know, maybe bitcoin could not prevent it, even bitcoin may increase crime. Well, excess bitcoin make a lot of people to do things that are illegal. but, perhaps bitcoin able to do that, if used in the best possible. it all just depends on the person using it.
Definitely it can increase fraudulent activities and crime. The volatility and high profit will make people greedy. And as it is not possible for back tracking or claim back payments, people will fall prey in fraud services. But absolutely all this can be avoided, so this is just general assumptions.
Haha bitcoin is not a social program, bitcoin can do miracles. This headline is funny, thread have sense and some logic but again people who wish yo do illegal things will use different altcoins for that. Criminals will always find a way!
i think in some cases it can be helpful to prevent crime. for example if a person is carrying an lot of fiat money in his pocket from one place to another for business or whatever. so there is a a possibalities that some snatcher may snatch the money form him, but if he is using bitcoin and blockchain technology then he is quite safe as he can sent the money to some one online in seconds. 
Bitcoin is a lubricant for crime like alcohol is a lubricant for sex.
You can get her to say yes without it but alcohol makes it so much easier.
You can commit online crimes without bitcoin but it makes it so much easier.
You can get her to say yes without it but alcohol makes it so much easier.
You can commit online crimes without bitcoin but it makes it so much easier.
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