Quote from: AVE5 on June 10, 2024, 05:50:57 AM

Quote from: bestcandy on June 10, 2024, 01:31:33 AM

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.

It's unfortunate to say that the probabilities of Investors or traders earning in bitcoin doesn't instigate crime limitations on the individuals because bitcoin doesn't have probational features rather, bitcoin blockchain is is on the formations that fraudsters operating under the system can be tracked.
Unlike most persons may think that since bitcoin is a decentralized digital currency, there'd be no way and no one would be responsible to have criminal activities on track on the digital currency.

Bitcoin is like a double-edged sword.

On the one hand, Bitcoin blockchain technology can make transactions more traceable, which could in one way reduce fraud as it's transparent compared to some other transmissions that no one can know.

Another is the rate of unemployment, and your mopping around for money is also ready with the help of crypto currency, which, with a mix of 5 youth, 2 or 3, is doing well in a legit way. Which also helps reduce financial crimes.
But on the other side, which is anonymity, there can be unserious or illegal activities that, before you might realize it, it's gone.

It has also given some youth a more advanced way to commit fraud, giving them a better idea of how to use it, mainly for those who aren't patient enough but want quick money.
But Bitcoin alone can't reduce crime in an environment because it's not a job unless you are doing other things in it.