Post
Topic
Board Bitcoin Discussion
Re: Bitcoin adoption and increase in crime rate, how correlated are they?.
by
Wind_FURY
on 17/08/2021, 09:58:30 UTC

Just to highlight a paragraph from the article;
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/


Read the sentence again, “The popularity of cryptocurrency has caused an increase in scams and crime USING these new assets”, not necessarily “an increase in scams and crime BECAUSE of these assets.”

It’s a fallacy, OP. Correlation doesn’t mean causation.