Re: Bitcoin adoption and increase in crime rate, how correlated are they?.
Just to highlight a paragraph from the article;
Some positivity here is the article, made it clear that majority of the crimes are still been committed in fiats but still I want us to discuss how an increase in adoption can correlate to increase in crime rate and possibly prevention methods to deploy to combat this trend if it's true.
Quote from: Kidnappers Kill Venezuelan Citizen for Not Paying Ransom Requested in Bitcoin
The popularity of cryptocurrency in the country has caused an increase in scams and crime using these new assets. Cryptocurrencies, due to their innovative design, can sometimes be more difficult to track than money moved via traditional fiat avenues.
https://news.bitcoin.com/kidnappers-kill-venezuelan-citizen-for-not-paying-ransom-requested-in-bitcoin/
https://news.bitcoin.com/kidnappers-kill-venezuelan-citizen-for-not-paying-ransom-requested-in-bitcoin/
Some positivity here is the article, made it clear that majority of the crimes are still been committed in fiats but still I want us to discuss how an increase in adoption can correlate to increase in crime rate and possibly prevention methods to deploy to combat this trend if it's true.
I don't read the same as you Brainboss, the article says that with these new coins there has been an increase in scams using them but it doesn't say there is an increase in crime because of that. Perfectly may have moved some of the crime that was done in fiat to cryptocurrencies, without increasing crime in general. I don't see an article attacking cryptocurrencies.
On the other hand, even if I wanted to establish a correlation it would take a lot more, remember the supposed relationship between people drowning in swimming pools and movies featuring Nicolas Cage:
