Cryptocurrencies: Role in decreasing/lowering crime rates.

[coinholic]

Good day! I would like to get some of your insights regarding the role of cryptocurrencies in possibly lowering crime rates acrros the globe. It was foreseen that a cashless trading system will be established in the future, meaning zero cash! Being said, since cash will be obsolete and scratched out of the scene, do you think that crime rates will decrease?

[FlightyPouch]

Good day! I would like to get some of your insights regarding the role of cryptocurrencies in possibly lowering crime rates acrros the globe. It was foreseen that a cashless trading system will be established in the future, meaning zero cash! Being said, since cash will be obsolete and scratched out of the scene, do you think that crime rates will decrease?

Crimes do not change online or offline. The thing is most of the criminals online are little population than in criminals offline. But if we are talking about online or the digital currency, I doubt that Crime activities will be increasing. Most of the digital currencies can still be tracked so you can say that online transactions are not safe. So yes, I think that Crime will decrease and if someone will be trying to do a crime online, I think it is mostly fraud.

[coinholic]

Thank you for that great insight sir/ma'am FlightyPouch! Since you believe that crime will decrease, will you then be in favor of a cashless trading system? As in totally no cash! Possible effects would be lesser hold-ups in the streets due to absence of cash, no bank robberies since there will be no cash to rob, etc... 

[Sithara007]

The dark markets such as Alphabay and Silk Road 2.0 had a positive role in reducing the crime rate. The drug users didn't had to go out in the inner city ghettos to source their drugs, and this reduced the crime rate by a lot.