Would a Crypto Based Economy Make Things Safer?

[worldtraveller321]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

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[CryptoBry]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc? Your thoughts why or why not?

Personally, I do not believe that cryptocurrency can be the solutions to societal problems like crimes, substance abuse and similar things. What cryptocurrency is providing is the empowerment of the people away from the glaring control and influence of the government so that we can free from the ill-effects of government's tendency to print paper money anytime which is acutely robbing the people of the value of the money they are holding. Crimes will still be here and can even be enhanced by cryptocurrency because perpetrators will be thinking that they can easily go away with anything they do due to "anonymity" of cryptocurrency (they are not 100% right with this assumption, of course). As to substance abuse, there is no way that cryptocurrency can be able to deal with it. People will still be doing many stupid things even if they are dealing with cryptocurrency, the same situation if they are into fiat money. People will still have the freedom to choose right or wrong, to do bad or good things even if we are going to be under a cryptocurrency economy.

[joniboini]

You're throwing a lot of social issues that are not related to each other, and the roots for some of them aren't event related to money at all, such as substance abuse.

Crypto exist because there's a flaw in the fiat system, which is the lack of decentralization. There might be some side-effects such as an increase of transparency, etc, but it's not a one size fit all solution. Judging from your post, it seems 'safer' means that the number of crime and etc would decrease. I'd say no for that. There's no guarantee. But it will be 'safer' in terms of transactions security & decentralization.

[avikz]

A society and an economy is always built on a mix of social issus. everything can't be great and everything can't be bad! A balanced mix is what always exists in all societies and in every economic scenario!

So crypto can't make things safer. A crypto based community will  have its own flaws and own problems. Which can either be different than the current scenario or be same! Crypto will only make financial transactions more convenient to the common mass and nothing else!

Obviously, different people will see this matter differently but that's my take on this matter!

[joelsamuya]

You're throwing a lot of social issues that are not related to each other, and the roots for some of them aren't event related to money at all, such as substance abuse. Crypto exist because there's a flaw in the fiat system, which is the lack of decentralization. There might be some side-effects such as an increase of transparency, etc, but it's not a one size fit all solution. Judging from your post, it seems 'safer' means that the number of crime and etc would decrease. I'd say no for that. There's no guarantee. But it will be 'safer' in terms of transactions security & decentralization.

I don't understand why some people are looking at cryptocurrency as some kind of miracle cure for different issues affecting the global society that we are in. No, cryptocurrency is not meant for that. Still, we should still thank this kind of interest with cryptocurrency no matter what. This concern is all about what can happen if more and more people will be adopting cryptocurrency and what if one day the global village is waking up to its massive adoption or use. I am sure that it can be a big game-changer but it does not mean that things as we know them now on other aspects of living aside from money, banking and finance can be changed for the better. We all are dreamers and certainly cryptocurrency can have some good roles to play but expecting too much from something may end up with some disappointments.

[DreamStage]

That will still make things continue the same way.
Since both currencies (Fiat and Crypto) have price fluctuations it means there will always be someone poor and someone rich on both sides.

Remember you can gamble and lose everything you have worked for and end up into being a robber even with Cryptocurrencies.
Asume you are someone trying to hack some Casino cause you lost something, that is still making you a bad person as same happens on real world with fiat.

You can not split both since they have a value on this world. Either virtual and real fiat.

[Wind_FURY]

OP, not safer, just different. But it would remove one of the most powerful criminals and cartels in the world. The banksters/banking cartel.

[Sanugarid]

You're throwing a lot of social issues that are not related to each other, and the roots for some of them aren't event related to money at all, such as substance abuse. Crypto exist because there's a flaw in the fiat system, which is the lack of decentralization. There might be some side-effects such as an increase of transparency, etc, but it's not a one size fit all solution. Judging from your post, it seems 'safer' means that the number of crime and etc would decrease. I'd say no for that. There's no guarantee. But it will be 'safer' in terms of transactions security & decentralization.

I don't understand why some people are looking at cryptocurrency as some kind of miracle cure for different issues affecting the global society that we are in. No, cryptocurrency is not meant for that. Still, we should still thank this kind of interest with cryptocurrency no matter what. This concern is all about what can happen if more and more people will be adopting cryptocurrency and what if one day the global village is waking up to its massive adoption or use. I am sure that it can be a big game-changer but it does not mean that things as we know them now on other aspects of living aside from money, banking and finance can be changed for the better. We all are dreamers and certainly cryptocurrency can have some good roles to play but expecting too much from something may end up with some disappointments.

Probably, yes. It will help us to have a safer and faster transactions while paying or selling something. Maybe coins or a product, we can use crypto in shopping or eating in some restaurants. It has a lot of benefits and it is less hassle when our country adopts it.

Lesser crimes, holduppers will have nothing to do with the victim because all they will obtain is a gadget. Crypto needs an account for them to access it and that's a good thing about crypto, it is digital.

[BlackFor3st]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

With regards to fiat, the only advantage of crypto currencies is not everyone can easily bypass it and steal it from other especially those people whom other labelled them as poor because it's kinda difficult for them to gather the resources and knowledge to do this hacking staff due to their standing in life.

But still, the possibility to be rob you is there as they can easily ask for your private key in exchange of your life so if there is a little chance of crimes then we cannot say that we can create a safer community. Though everything will always depend on the government on how they are going to fight this kind of problems in the community in order to give us the safer life.

[blckhawk]

First of all, cryptocurrency isn't a solver of slow economies. It won't magically close the gap between the rich and the poor. It could solve some corruption in the government through transparency, but it would pretty much be their own government-made cryptocurrency. There's also a reason why fiat is made inflationary. Here is a quote from Investopedia^[1] that summarizes why it is ideal:

Ideally, an optimum level of inflation is required to promote spending to a certain extent instead of saving, thereby nurturing economic growth.

Which in basic terms, forces people to use the currency instead of just hoard it once the value is too high, because the latter would slow down or kill the economy.

Source/s:
https://www.investopedia.com/terms/i/inflation.asp^[1]

[Slow death]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

look at this section:

Scam Accusations

And look at this:

Is Plustoken scam about to dump eth 105m moves to unknown wallet

19 year old suspect charged with 1 million crypto heist via sim swaps

crime will always exist

substance abuse? etc?

it has nothing to do with cryptos... it has to do with social and psychological problems

[TravelMug]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

If people are going to treat crypto as sound money then everything will be the same with fiat system. So it doesn't makes any difference at all. Even today we have seen reports of criminals being caught because they scammed someone, or terrorist, underworlds entity using crypto to hide their track.

So with that said, crypto is not the solution and not the magic bean that will totally solved the problems around communities or the world itself.

[Mpamaegbu]

No system is perfect and so the crypto business won't be too. It's even obvious from the look of this that the escalating number of altcoins we have are as a result of Bitcoin's failure to address all issues relating to transaction. Again, no system has completely wiped out crimes. Fait hasn't been able to solve all that and I don't expect that the cryptocurrency industry can.

[Wapfika]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

Everything that is use for good will result good same with bad will result bad. If one user intends to use crypto in illegal then it's their choice. It will all depends on how we will use it as we are the one who decide in the effects of this crypto to us. It is helpful in many ways in doing transactions and transparency but also helpful to others to do illegal stuff.

[yazher]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

If people are going to treat crypto as sound money then everything will be the same with fiat system. So it doesn't makes any difference at all. Even today we have seen reports of criminals being caught because they scammed someone, or terrorist, underworlds entity using crypto to hide their track.

So with that said, crypto is not the solution and not the magic bean that will totally solved the problems around communities or the world itself.

The only thing that the crypto industry can do is to help innovate our view of our current technologies. with the help of cryptocurrency, we can solve the problem with the inflation of other big countries to the other 3rd countries by suffering from boycotting their national currencies. with the help of crypto, their kind of bullying will no longer work.

[Polar91]

The only thing that the crypto industry can do is to help innovate our view of our current technologies. with the help of cryptocurrency, we can solve the problem with the inflation of other big countries to the other 3rd countries by suffering from boycotting their national currencies. with the help of crypto, their kind of bullying will no longer work.

Its actually depends on how the factors affecting the growth of the economy respond and put their efforts to make the said economy better. Because wealthy and developed countries with the best regulation will just make their economy shaken with the intrusion of cryptocurrency when people suddenly forget the essence of their crypto. Though, with the said negative effect to their economy, it will surely undergo to market correction because I'm pretty sure, these rich economies have brilliant people and leaders as well, they know what to do to this kind of situation.

[bobitza]

Not necessarily that the economy based on cryptocurrencies is safe and there are many cases of scams. But cryptocurrencies help the economy thrive. Countries with strong economic growth have very high participation in cryptocurrency investments. Cryptocurrencies trade quickly, costly, and high profits.

[mlmdaily]

Just check how many hacks were in 2020. I dont think that crypto may be really safer

[Ucy]

I think cryptocurrency will help bring in competent people into the running of societies. But it runs the risk of being handed back to incompetent people in the future. Hopefully this won't happen.

I have no doubt in my mind that poverty reduction and other societal problems will be better handled on decentralized systems. To be honest, fixing most societal problems shouldn't take more than two years.
Poverty can be eliminated without budget
. . I mean running things on just ideas and policies. Many failed politicians are imposed to create poverty. You could be destroyed quickly for actually fixing things or doing things right. I think it's best to fix things anonymously and in decentralized manner

[hatshepsut93]

Crypto will make some communities more dangerous. With bank cards it's harder to rob someone, because there's a lot of countermeasures like withdrawal limits, added personal verification, and the victim can freeze their card at any moment. But crypto is much like cash, which is why we hear about armed robberies, home invasions and even kidnapping involving crypto. If everyone adopted crypto, criminals would have a much bigger pool of targets. This doesn't automatically mean that there would be more crime, but it can happen if other factors are there.

[seoincorporation]

I don't think this will work because a crypto-based economy doesn't mean the people will have more access to jobs or more access to money. The ones who work for fiat will be working for cryptos but the ones who decide to take the evil way will stay there.  

A crypto-based economy will just substitute crypto for fiat, but think will be the same, the rich would stay rich and the poor will stay poor.

[Lambowei]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

My thought is it would reduce state-based violence. Banks won't be too big to fail anymore because you can be your own bank. The state can imprison you but they can't access your hard-earned money.

[adjed]

Some of the crime commited worldwide are not even commited for monetary gain and many people who abuse drugs are among the upper echelons of society and it is no news to see celebrities who are under the influence of one substance or another and some even dying from overdose of those substances.. my point is that while a fair and equal financial society might greatly reduce crime, it definitely wouldn't stop it entirely because some people do it for the thrill.

Additionally I don't think that this equal financial society can be done with bitcoin because Bitcoins total supply is just 21million and there are billions of people world-wide and majority of the bitcoins in circulation are held by few people compared to the world's total population.

[pjcaruci]

I hope that this will happen. But you need to think through this system to the smallest detail, so that it was safe and did not have backdoors.

[Artemis3]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

If you mean wealth redistribution, the answer is no. But, it can trigger better economies, that will eventually improve conditions of life to everyone. If, only if, they adopt Bitcoin and with it, the Austrian school of economy.

Until then, the world will still be plagued with bubbles and their nasty pops, of whom only a select few survive. By going Austrian, things would slow down, and what little is gained, is solid. Much like Bitcoin's price, the slower it gains, the better.

Substance abuse is probably unrelated as this occurs in all levels of society. You could bring the legal/illegal discussion in another thread (there is one or more in offtopic or politics iirc).

[Ridwan Fauzi]

Cryptocurrencies are not something that can help everything for human life. You have to limit your braind when you look cryptocurrency. Just think that cryptocurrency is money and you can use them for transaction such as fiat but when you use it you'll have more compinent rather then when you use money fiat.

Beside of that, I'm sure cryptocurrencies won't help anything. I agree with someone who says in above that community culture will be created by the people who life in the community itself. You can't be sure that the community will give a good thing or the bad thing.

[squatter]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

Crime is linked to poverty. Outside of mental illness, it's a socioeconomic issue, not a matter of technology or the type of money being used. In other words, cryptocurrency doesn't address the sources of poverty -- namely maldistribution of property and capital.

Inflation makes us poorer, but it makes everyone equally poorer, so eliminating inflation still doesn't address the fundamental issue.

[Theb]

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

Before the crypto market ever existed we already have fair markets where not only the rich can invest but also the poor from forex to the stock market there are no restrictions to who can invest in it yet does this solve the crime rate going down? No because even if there are more fairer investment vehicles created for their country it won't be the solution to solve the crimes from happening. Opportunity to become rich here is not the problem because poverty and inequality in society is. Not until we figure out how to solve the main roots of these problems we can solve or even lessen the crimes from happening in our country.

[dimox]

when crypto be economic system, im sure there is poor and rich people. we already have the rich and poor people in this crypto world, and when enlarge the scale, it not give much effect on that different, but maybe will helped by bitcoin. like the advantages of bitcoin will spread significant, not only for investment but they will use bitcoin like a bitcoin

[G00DFe77a]

What if the economy revolved around a smart contract and the smart contract had a bug in it that a hacker can explore to drain the economy. Whether Crypto or Fiat, it is just a store of value. You still have to have systems in place to maintain and secure that value.

[coolcoinz]

There's one thing I'd like to correct in OP's statement. You said that in fiat economy there's a lot of substance abuse and crime that comes from poverty. It's not always like that! Rich people abuse substances just like poor people. We frequently hear about celebrities dying from overdose or killing themselves in car accidents. Rich people are also gangsters and violent offenders. Saying that fiat money leads to poverty and poverty leads to crime is oversimplifying things.

[mikehersh2]

Crypto will make some communities more dangerous. With bank cards it's harder to rob someone, because there's a lot of countermeasures like withdrawal limits, added personal verification, and the victim can freeze their card at any moment. But crypto is much like cash, which is why we hear about armed robberies, home invasions and even kidnapping involving crypto. If everyone adopted crypto, criminals would have a much bigger pool of targets. This doesn't automatically mean that there would be more crime, but it can happen if other factors are there.

I totally agree^
Crypto may not make the world a more dangerous place, but it certainly won't make it much safer. With bitcoin, it becomes much more convenient for a criminal to make illegal purchases or steal with full anonymity. Items that one can purchase online via illicit sources/websites are much more accessible with crypto, and we see this manifesting itself in the dark web and other places. Crypto may give the individual user a sense of security, in terms of the safety of their money, but in terms of danger in society, crypto is probably not helping, and if anything, it can enable danger.

[maxreish]

It's nothing to do with it. I mean, yeah a bitcoin friendly economy will make our economy a lighter one with those crypto payments, etc but there are also disadvantages of it. As you know, bitcoin was also used in some "unlawful" acts and it does contribute to some problems because of it's anonymity. Others may say it will become a calamity instead of what anybody is expecting.

[julius caesar]

I really do not think so. We all know that cryptocurrency works around the internet. Everything on the internet is vulnerable to hacking cases such as stealing of private information and use it to log in to your cryptocurrency wallet. In that case, they would be able to steal some of your money there.

[Oasisman]

Crimes exist with or without cryptocurrency. Fiat isn't the root of evil in this world, but it's the people itself. Do you personally think crime was made because of fiat money? No, I dont think that's always the gonna be the case. As you mentioned substance abuse, do you think all those who are influenced under these substances always needs fiat to satisfy their demonic needs?
Nothing would really change to the economic state if we fully adapt on cryptocurrency, but forcing banks to take extra step ahead to control the monetary gains of the retail investors in crypto space.

[Murat]

Basically, I don't agree with those people who believe that the Cryptocurrency based economy would bring a safe and sound economic system, due to the decentralization system, we can't control over cryptocurrency which is sometimes a curse for us, a lot of intentional manipulation creates people's afraid of investing and trading further purpose, I don't say that Conventional economic system is perfect, It's also a default system, There are also a lot of crime within centralization system, So now can you imagine, how much we will suffer when it is totally decentralized?

[Youghoor]

In as much that cryptocurrency introduces a decentralized environment, it does not really assure people that it is safe. The safety of the economy is solely rely  on how people understand how the entire cryptocurrency ecosystem operates and its vulnerabilities. Once we understand these vulnerabilities, we can determine our safety using crypto. Cryptocurrency will make the entire economy transparent and make transactions simple and easy but the safety of the economy solely depends on the knowledge of people in the entire ecosystem..

[the rise]

In as much that cryptocurrency introduces a decentralized environment, it does not really assure people that it is safe. The safety of the economy is solely rely  on how people understand how the entire cryptocurrency ecosystem operates and its vulnerabilities. Once we understand these vulnerabilities, we can determine our safety using crypto. Cryptocurrency will make the entire economy transparent and make transactions simple and easy but the safety of the economy solely depends on the knowledge of people in the entire ecosystem..

on a micro basis all the advantages and vulnerabilities in crypto are still based on free will. all forms of intention for crime will still look the same. But globally there will be many who use it positively to remain in a sustainable ecosystem. to keep within the principle of safe limits, the role of regulators is still needed to anticipate negative things, there must still be a form of balance to create a new economic system in a healthy threshold.

[slaman29]

I don't think this will work because a crypto-based economy doesn't mean the people will have more access to jobs or more access to money. The ones who work for fiat will be working for cryptos but the ones who decide to take the evil way will stay there.  

A crypto-based economy will just substitute crypto for fiat, but think will be the same, the rich would stay rich and the poor will stay poor.

This is something people keep failing to understand. You don't just bring crypto into the country or state and expect everything just booms just because. Jobs and economies are not simply created, they have to be backed by needs for products and services first of all, which is what crypto should bring, as needful solutions and not mere promises of artificial creation of demand.

[airdnasxela]

A safer community? I don't think so. First thing is that everything has a negative side. In crypto, crimes can still occur. If we're going to adopt a crypto based community, all criminals will move to cyber crimes which is not safe. Fair financial market? It can still be controlled even in digital. I just think that whatever we use, fiat or crypto, things won't be fair. The advantages are still at the higher class. Even if we try so hard to digitalize things, they could still create ways that'll favor them. Even with crypto there's no assurance of safety.

[darkangel11]

A safer community? I don't think so. First thing is that everything has a negative side. In crypto, crimes can still occur. If we're going to adopt a crypto based community, all criminals will move to cyber crimes which is not safe. Fair financial market? It can still be controlled even in digital. I just think that whatever we use, fiat or crypto, things won't be fair. The advantages are still at the higher class. Even if we try so hard to digitalize things, they could still create ways that'll favor them. Even with crypto there's no assurance of safety.

But it will still make it safer. Fiat crimes usually leave no trace. You break into a home steal everything and run. If you're not caught there on the spot you probably never will. Stealing from a crypto wallet leaves a trace and you will only be safe as long as you don't spend it. In a crypto economy with advanced KYC you will have to identify yourself with every purchase you make. This will make people unable to hide and open them to personalized advertising but it will also make it impossible to steal from them.

[acdc]

With what I know about cryptocurrencies today, it certainly doesn't make society safer. People use cryptocurrencies because they don't like government control over their assets. Cryptocurrencies are anonymous and it can move around the world quickly, the very advantages that make cryptocurrencies a vehicle for smugglers, money launderers and many other criminals.

[Lee01]

In as much as crypto ain't gonna make things 100% safer it sure would Increase transparency of transactions
Since all blockchain and cryptocurrencies transactions are automated and digitized, they are all tracked in a ledger and this cannot be manipulated by either people or companies, which largely reduce the risk of fraud and corruption. This means that developing countries also have a better opportunity of entering the financial transactions game and boost their own economy. citizens will be able to keep track of where state funds will be oriented and will thus have a say within their own political climate and when this happens it would be of great advantage to the people.

[Edraket31]

I am not expert in economy but I think it would be better in the future if we will have the crypto based economy, but not at the moment, it will take few decades more before the fully adoption, so it's not a good idea for the moment to have a crypto based, since it will  be too hard for those who are in poor areas who doesn't know how to operate computer. So, it will take more time. 

[marcous]

but at least the crypto-based economy does not see in terms of the rich and the poor and who he is, women or men in the crypto world all have the right to make money. there is no difference here. but it's undeniable that bitcoin has changed someone's economy for the better I guess.

[yulionoo]

I don't think cryptocurrency is a solution to the economic problem. cryptocurrency exists as an alternative means of payment and decentralized cryptocurrency allows us to fully control our money without government control. and using crypto doesn't mean the transaction process is safer. in cryptocurrency there is often fraud and hacking. so in my opinion crypto cannot be a solution of economic or social problems. cryptocurreency is simply the currency that we can use for trading and investing.

[bitcoindusts]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

I do not think that it will make things safer.  All are susceptible to attacks and manipulation.  Even if we use cryptocurrency, if the one running the scene is the same (government), it will make no difference.  They can even make the blockchain private so I guess, we need to change our leaders first and implement new rulings that will make the economy safer from manipulations.

[salty]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

In fact, if you take the basic concept of many cryptocurrencies, then wealth should be distributed evenly.That is, it follows that at least the poor should not be.As regards crimes, both how they were committed by people, they will continue to be committed. Humanity cannot get rid of this ailment.As well as alcohol abuse.On each label with a bottle of vodka it is written: it is harmful to Your body.But still everyone uses it.So the point is absolutely not in the development of the cryptocurrency industry, but in the absence of the mind of many people.

[imutlinda]

actually depend again on the user, if people use it uncontrollably then there will always be evil and I think in life there will be evil and good, so in this context we must be able to choose and also defend ourselves. and if crypto is chosen then I think people will have to learn a lot of these basic things

[Eugenar]

A safer community? I don't think so. First thing is that everything has a negative side. In crypto, crimes can still occur. If we're going to adopt a crypto based community, all criminals will move to cyber crimes which is not safe. Fair financial market? It can still be controlled even in digital. I just think that whatever we use, fiat or crypto, things won't be fair. The advantages are still at the higher class. Even if we try so hard to digitalize things, they could still create ways that'll favor them. Even with crypto there's no assurance of safety.

With that it seems that you've just generalized cryptocurrencies as having a negative impact to the economy which could not impart positive implications. Why not to think of positive implications? then later we'll focus on thinking things that would lessen the risk of cryptocurrency as a tool of cyber criminals in the world. One idea I have regarding this is to conduct KYC so that we could be aware of the transactions created by the people with their cryptocurrency. In addition, we should also keep into considerations to regulate websites and to make sure there's no illegal selling of items there.

[Astvile]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Pretty sure that it wouldn't make a safer community of people will base on cryptocurrency rather than fiats. Cryptocurrency can't remove crimes, even substance abuse or drug addiction. It may instead make a more dangerous environment. Plus cryptocurrency has nothing to do with all these problems at all so how do you think it will help the community to be safer?

[bitbunnny]

I am not expert in economy but I think it would be better in the future if we will have the crypto based economy, but not at the moment, it will take few decades more before the fully adoption, so it's not a good idea for the moment to have a crypto based, since it will  be too hard for those who are in poor areas who doesn't know how to operate computer. So, it will take more time. 

The question is if another few decades will be enough. Adoption is getting rather slow, many countries still don't know how to regulate cryptocurrencies and how to introduce them into economy system. This might take a while.
Blockchain technology could make economy more transparent although I'm not sure if that would increase safety too.

[FaithInCrypto]

In my own opinion NO. If crypto will really make our economy safer then there won't be any hacking incidents happening every now and then. I see crypto working together with fiat and not replacing it, probably like a debit card you can use as a payment option in your daily spend.

[Finestream]

I do believe that crypto will be very useful in our world, in every border of the world because it provides transparency and fast transactions.
Transparency is better with decentralize things like crypto, so if the government will embrace on it, we will be able to minimize the risk level we are at now.

[altcointalk14]

We can’t say things will be 100% smooth if current economics system is shifted to crypto. Bad guys will find their way in this new setup also. In fact crypto is safe haven for illegal activities. You can’t recover your coins if they are lost or stolen.  While fiat has some answers for these two problems.
Our social problem will continue to exist, as long as human community is there. No matter what economic model we follow.

[cryp24x]

With what I know about cryptocurrencies today, it certainly doesn't make society safer. People use cryptocurrencies because they don't like government control over their assets. Cryptocurrencies are anonymous and it can move around the world quickly, the very advantages that make cryptocurrencies a vehicle for smugglers, money launderers and many other criminals.

That's what others think I guess. But if it will be regulated, there will be a big difference on how we use it. Sooner or later, those illegal activities will be lessen if not totally eliminated. There is hope for Cryptocurrency if we will use it responsibly. Don't waste a good technology. Is it safe? Nothing is safe now but it will make those culprits a hard time to do something because everything will ne recorded.

[kotik085]

Yes, I think that it will be much more efficient to use bitcoin and it will become a reliable support in the financial situation. And whether the person who invested in bitcoin will take drugs and drink alcohol, this is his business and health.

[jostorres]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

I’m still trying to understand how cryptocurrency is going to reduce crime in a society and also circulate wealth. What even makes people say that wealth will be distributed through cryptocurrency, seriously I don’t get it. If the world should go for cryptocurrency does that mean that money will be shared to everyone equally?

I know for sure it’s never going to be like that, even if a country decides to make a move to crypto it will be the Central Banks that are in charge, and what you get as a cryptocurrency will be equivalent of what you have stored in your bank as fiat, so if you have zero dollars you’re also getting that, zero. And cryptocurrency cannot solve crime, there are other ways to solve crime and cryptocurrency is not part of it. Cryptocurrency is just here to make transaction easy for us.

[Boov]

A safer community? I don't think so. First thing is that everything has a negative side. In crypto, crimes can still occur. If we're going to adopt a crypto based community, all criminals will move to cyber crimes which is not safe. Fair financial market? It can still be controlled even in digital. I just think that whatever we use, fiat or crypto, things won't be fair. The advantages are still at the higher class. Even if we try so hard to digitalize things, they could still create ways that'll favor them. Even with crypto there's no assurance of safety.

I am agree with you pal. Whenever in fiat or crypto, crimes can be taken and we cant avoid that scenario because bad people are everywhere and they still have strategies and plans in committing crimes and most especially they are too smart to do bad things because of their own intentions without thinking that their badworks will come into an end and they can be put inside the jail.

[Butwhytho]

You're throwing a lot of social issues that are not related to each other, and the roots for some of them aren't event related to money at all, such as substance abuse.

Crypto exist because there's a flaw in the fiat system, which is the lack of decentralization. There might be some side-effects such as an increase of transparency, etc, but it's not a one size fit all solution. Judging from your post, it seems 'safer' means that the number of crime and etc would decrease. I'd say no for that. There's no guarantee. But it will be 'safer' in terms of transactions security & decentralization.

Exactly my thoughts! The world is not that easy to understand. Various factors influence others. While we can predict, to some extent, what can happen based on history and some theories, it is impossible to tell what the actual impact of crypto will be like in the future. However, it's doubtful that it will solve all of society's problems. If it was the case, crypto should be considered as a higher power or some deity. Let's not go this direction.

[keeee]

A safer community? I don't think so. First thing is that everything has a negative side. In crypto, crimes can still occur. If we're going to adopt a crypto based community, all criminals will move to cyber crimes which is not safe. Fair financial market? It can still be controlled even in digital. I just think that whatever we use, fiat or crypto, things won't be fair. The advantages are still at the higher class. Even if we try so hard to digitalize things, they could still create ways that'll favor them. Even with crypto there's no assurance of safety.

I am agree with you pal. Whenever in fiat or crypto, crimes can be taken and we cant avoid that scenario because bad people are everywhere and they still have strategies and plans in committing crimes and most especially they are too smart to do bad things because of their own intentions without thinking that their badworks will come into an end and they can be put inside the jail.

That was the sad reality in this world.  Crimes are everywhere and will always find their way to easily get money.  I think a crypto base economy is also the same to fist base economy.  What we need to do is be careful to those criminals who tried their best just to do crimes involving currency.

[Bitcoin_bullish]

Bitcoin was created to fill a gap in electronic transactions.

There was need to cut the middleman (debit/credit cards, bank authorization), cut down times and secure transactions.
These could only be reproduced through a decentralized network that was up and running 24/7, with no chance of failing and no need to trust a 3rd party.

This is the problem that Bitcoin solves and there are social effects ofcourse but I don't think it can influence a change in human behaviour and provide solutions for social issues. Perhaps there are effects but they are uknown at the moment.

[Twentyonepaylots]

Well as everything goes cryptocurrencies have their own ups and downs, that being said it is much more theft-proof than regular fiat money but it's unpredictability could be a double-edged blade for anyone who owns cryptocurrencies. Moreso, the fact that it's intangible could be both a good and a bad thing since neither the owner or the potential thief could easily take hold of their specific money.

[johnwest]

Its not that simple to imagine a crypto based economy completely take over the planet. Governments are not that supportive towards crypto where as they are thinking of making a blockchain based currency. It might be safer than what it is right now but the people who use it needs to be educated about it.

[Asuspawer09]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

Compare to other digital cash or digital currency I think bitcoin is a solid and secure type of digital cash, we know that until today no one could hack the bitcoin and I think there is also a lot of bitcoin wallet that is using bitcoin and they are also secured. I think when it comes to economy we could encounter a lot of issues when we use bitcoin or cryptocurrency as a currency but also with the help of fiat money bitcoin could still make it as a currency or even just an alternative currency for every country around the globe.

[Bitcoinislife09]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

I think this kind of economy would be a great if the technology like this is already implemented in a country. Still a lot of hackers could try to go in when it is all about digital currency or cryptocurrency imagine if a hacker could bypass the system they could easily hack the cryptocurrency and I think it will be a huge problem if we cannot protect from hackers.

[hatshepsut93]

Compare to other digital cash or digital currency I think bitcoin is a solid and secure type of digital cash, we know that until today no one could hack the bitcoin and I think there is also a lot of bitcoin wallet that is using bitcoin and they are also secured. I think when it comes to economy we could encounter a lot of issues when we use bitcoin or cryptocurrency as a currency but also with the help of fiat money bitcoin could still make it as a currency or even just an alternative currency for every country around the globe.

Yeah, Bitcoin network is more secure than payment network like Visa or Swift, but Bitcoin wallets are less secure than banking apps, because your coins will be gone forever as soon as someone steals your private key, but with banks there are obstacles like additional verification for large transactions, and you have a chance to recover your money if you notice the theft quickly. Criminals already target cryptocurrency users often, if the whole economy switched to crypto, theft-related cybercrime would be through the roof.

[karanggatak]

in my opinion, even if we change the economic system to be cryptocurrency based, it will not make crime disappear. crime will always be in the fiat economy or cryptocurrency because scammers always have a way to be able to take advantage and deceive others. and in cryptocurrency there are big traders and also small traders so rich and poor will also remain in cryptocurrency. cryptocurrency is not the solution to all economic or social problems

[robelneo]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

No, I don't think it will, this is more of a moral issue and peace and order it's not the monetary system that will set things in order it's one of the components though, it's the political will of the government or the rules that govern its society, and we should not discriminate the less fortunate people as the one that will likely commit the crimes, it's unfair to blame poverty and less fortunate people.

[bitcoinsocial09]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

I think this could make the economy safer than before but surely we are going to encounter new issues probably in the online section since we are going to use cryptocurrency,
Technical problems and issues would be more prone I think we need to strengthen first our security in this kind of technology if we are going to use this.

[Getmon]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

If what you mean by safer is that crypto will keep us away from crimes and substance abuse, I don't think there will be much difference. A crypto-based economy will not suddenly change the disposition of individual human persons. If illegal drugs are sold using crypto as a currency, it will not discourage or stop the buyer from doing so. I mean is there any relation between crypto and all these stuff?

[Ozero]

Not necessarily that the economy based on cryptocurrencies is safe and there are many cases of scams. But cryptocurrencies help the economy thrive. Countries with strong economic growth have very high participation in cryptocurrency investments. Cryptocurrencies trade quickly, costly, and high profits.

The economy of any state cannot be based on cryptocurrency. The economy of the state will always be based on national currency. Cryptocurrency is still little studied, to say now what problems it can solve. It is unlikely that she will be able to solve any global tasks of society at all. Moreover, it cannot solve the crime problem; this problem cannot be solved only with the help of financial leverage.

[arimamib]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

If what you mean by safer is that crypto will keep us away from crimes and substance abuse, I don't think there will be much difference. A crypto-based economy will not suddenly change the disposition of individual human persons. If illegal drugs are sold using crypto as a currency, it will not discourage or stop the buyer from doing so. I mean is there any relation between crypto and all these stuff?

I don't really think that crypto can change human behavior from evil, but in crypto transactions can be seen transparently. Abuse will definitely be there, but crypto transactions can be traced so there is a possibility they will be afraid to commit the crime again

[smyslov]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

The rich can always buy all they want while the poor cannot and had to find ways to accumulate more, nothing will really change just because they implement Cryptocurrency into their system, and a criminals will always commit a crimes because a criminal has a mind of criminals even if they are rich or poor, we are still going to rely on the government for peace and order.

[imutlinda]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

The rich can always buy all they want while the poor cannot and had to find ways to accumulate more, nothing will really change just because they implement Cryptocurrency into their system, and a criminals will always commit a crimes because a criminal has a mind of criminals even if they are rich or poor, we are still going to rely on the government for peace and order.

sometimes the government is needed to control the ecosystem in a country, without people who can make good arrangements, chaos will occur. actually back to the people who use crypto, do they want to seek profits in the normal way or even make fraud and we still need the government to make fraud afraid of the rules.

[crossabdd]

I still doubt if this will create a safe community with full crypto to use. we already know, fiat has strict rules and is a centralized currency. but the crime community is still large. while crypto currencies are decentralized, free and privacy. This is a great opportunity to use on crime. look on the deep web. most transactions are using crypto. crypto can indeed create equal financial markets throughout the world. crypto leaders will have the same value everywhere. but the current transaction function can't be monitored yet.

[AniviaBtc]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

The rich can always buy all they want while the poor cannot and had to find ways to accumulate more, nothing will really change just because they implement Cryptocurrency into their system, and a criminals will always commit a crimes because a criminal has a mind of criminals even if they are rich or poor, we are still going to rely on the government for peace and order.

sometimes the government is needed to control the ecosystem in a country, without people who can make good arrangements, chaos will occur. actually back to the people who use crypto, do they want to seek profits in the normal way or even make fraud and we still need the government to make fraud afraid of the rules.

But a cryptocurrency is not that hard to regulate in a certain country if the government is knowledgeable and know the benefits of it. They will never let a chaos occur as long as they manage it properly and let the citizens use a crypto in normal way. It is normal for the government to ask benefits from something that they know when money is involved.

[shoreno]

what i thought is that the crimes will not lessen but itll be much more   .

 before crypto was used on deepweb for crime stuffs and not just on deepweb but also when a criminal transact on other sites because cryptos are untraceable . so imagine if we all will only use a crypto ? i think we are all gonna be threatened and will live in a scary world   .  but thankfully fiats are still there along with other centralized payment options  despite of the boom of cryptocurrencies   .

[Aying]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

It wouldn't create a safer community like what you think OP. I guess you didn't saw what crimes is already happening while we are using crypto. this things won't end because we can not control what peoples mind, we have our own rules whether we choose bad or not and crypto is not that solution to stop it. crypto is to help us make our transaction more easier, safer environment is not really crypto will intend to do but blockchain will help us to trace all possible crimes that made by other people.

[Pamadar]

Not necessarily that the economy based on cryptocurrencies is safe and there are many cases of scams. But cryptocurrencies help the economy thrive. Countries with strong economic growth have very high participation in cryptocurrency investments. Cryptocurrencies trade quickly, costly, and high profits.

The economy of any state cannot be based on cryptocurrency. The economy of the state will always be based on national currency. Cryptocurrency is still little studied, to say now what problems it can solve. It is unlikely that she will be able to solve any global tasks of society at all. Moreover, it cannot solve the crime problem; this problem cannot be solved only with the help of financial leverage.

Still depends from how the government will allow this system, there's no change that will happen if same people will use it. If the users will choose
to use this  system illegally then there's nothing can stop them and it will be much easier for those illegal doers to facilitate their activities. Crypto
might enhance the process to make it much quicker but in whole it's still depends from what the users will adopt the system.

[tungaqhd]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

I think crypto based economy would not solve these problems. It even becomes a good environment for economic crimes. Fiat money still play an important role in our world.

[slaman29]

You're throwing a lot of social issues that are not related to each other, and the roots for some of them aren't event related to money at all, such as substance abuse.

Crypto exist because there's a flaw in the fiat system, which is the lack of decentralization. There might be some side-effects such as an increase of transparency, etc, but it's not a one size fit all solution. Judging from your post, it seems 'safer' means that the number of crime and etc would decrease. I'd say no for that. There's no guarantee. But it will be 'safer' in terms of transactions security & decentralization.

Exactly my thoughts! The world is not that easy to understand. Various factors influence others. While we can predict, to some extent, what can happen based on history and some theories, it is impossible to tell what the actual impact of crypto will be like in the future. However, it's doubtful that it will solve all of society's problems. If it was the case, crypto should be considered as a higher power or some deity. Let's not go this direction.

Or even the lack of control. Maybe a centralized system could work, but with a way to let people have actual control over their own money (which is to me basically the difference between bitcoin and all the other altcoins, where everything is under your control in terms of private keys but not necessarily decentralized if it isn't bitcoin).

[cryp24x]

Everything has two sides. Cryptocurrency will be so productive and so advantageous if it will be used for good things. But if it was not properly used then it can be abused. As for me, we really need to make a thorough study and create a system that will optimize all the good things about Cryptocurrency.

[CarnagexD]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

The rich can always buy all they want while the poor cannot and had to find ways to accumulate more, nothing will really change just because they implement Cryptocurrency into their system, and a criminals will always commit a crimes because a criminal has a mind of criminals even if they are rich or poor, we are still going to rely on the government for peace and order.

sometimes the government is needed to control the ecosystem in a country, without people who can make good arrangements, chaos will occur. actually back to the people who use crypto, do they want to seek profits in the normal way or even make fraud and we still need the government to make fraud afraid of the rules.

But a cryptocurrency is not that hard to regulate in a certain country if the government is knowledgeable and know the benefits of it. They will never let a chaos occur as long as they manage it properly and let the citizens use a crypto in normal way. It is normal for the government to ask benefits from something that they know when money is involved.

As everything goes it has its pros and cons, advantages and disadvantages that could put everyone in shambles or success. We have to consider that cryptocurrencies like bitcoin are highly volatile which makes it untrustworthy to invest the government's funding on. But on the other hand, it is safe due to the fact that it is intangible and centralised, making thievery much harder to execute. If only there is a type of currency that is not as volatile as bitcoin and is secure, then future governments can consider putting up a cryptocurrency-ran environment

[Duzter]

Everything has two sides. Cryptocurrency will be so productive and so advantageous if it will be used for good things. But if it was not properly used then it can be abused. As for me, we really need to make a thorough study and create a system that will optimize all the good things about Cryptocurrency.

Not only with cryptocurrency, with each and everything there will be advantages as well as disadvantages. The mistake here is the people's mind. Out of 100 persons only ten look the advantages and try to benefit out of the same while the remaining 90 make use of it in the opposite way. This is how cryptocurrencies loss its importance, if regulated the 9, persons who look for the negative side will also try benefiting out of its advantages. Regulated usage of cryptocurrency will always serve to be safe for economy.

[agentx44]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

We can only make assumptions for now since there are no state yet that fully regulated crypto to help their economy and give a fair fight for everyone regardless of the level of the society they belong to. Having a crypto based economy can still be dangerous at some point since crimes and illegal transactions can be easily done with the use of cryptocurrency under the black market but still if this thing would be handled through legal actions and monitored transactions, maybe at some point, it can help a state have a better economy and equality among its citizens.

[kro55]

Crimes are in human nature and they are here since human life started. I don’t think there is any relationship between crimes and economic system. Crimes will remain in the society whether we follow fiat or cryptocurrency. Not all crimes are for money, they can be for power, revenge and other such thing.

[oktana]

Everything has two sides. Cryptocurrency will be so productive and so advantageous if it will be used for good things. But if it was not properly used then it can be abused. As for me, we really need to make a thorough study and create a system that will optimize all the good things about Cryptocurrency.

Not only with cryptocurrency, with each and everything there will be advantages as well as disadvantages. The mistake here is the people's mind. Out of 100 persons only ten look the advantages and try to benefit out of the same while the remaining 90 make use of it in the opposite way. This is how cryptocurrencies loss its importance, if regulated the 9, persons who look for the negative side will also try benefiting out of its advantages. Regulated usage of cryptocurrency will always serve to be safe for economy.

decentralization provides something for both, and regulations must be made to prevent the bad side.

I hope that the two systems can be combined and will immediately erase the physical currency periodically, we are at the two gates of an intersecting economic order and cannot avoid it. If crypto can be implemented well then economic balance can be possible balanced and prevent the bad things that are feared.

[Getmon]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

If what you mean by safer is that crypto will keep us away from crimes and substance abuse, I don't think there will be much difference. A crypto-based economy will not suddenly change the disposition of individual human persons. If illegal drugs are sold using crypto as a currency, it will not discourage or stop the buyer from doing so. I mean is there any relation between crypto and all these stuff?

I don't really think that crypto can change human behavior from evil, but in crypto transactions can be seen transparently. Abuse will definitely be there, but crypto transactions can be traced so there is a possibility they will be afraid to commit the crime again

Again, committing crime does not have anything to do with crypto. Criminals have preferences in terms of currencies most probably but crypto is never a deterrent. In crypto, there are hacking, stealing, robbery, illegal sell of arms, drugs, and many more. That is exactly the same with fiat. The only difference is that since fiat has been here for a while and it is valued quadrillions already and it is the main currency, then it is involved more of these crimes than crypto. If crypto will become the main currency then we will expect a rise of crimes involving crypto as well.

[Eclipse26]

No matter how much we try to avoid crimes by developing, there's still a way for them to commit crime. Even if we say that the government will moderate and regulate things with crypto based economy, they cannot control every actions on the internet. Maybe it will lessen physical thefts but digitally, it will increase. With crypto based, they can have more opportunities to steal bigger amounts than physical theft.

[Polar91]

As you've mentioned, there is a relationship between the state economy and the levels of crime ang living. With this, we need to answer the qiestion would the cryptocurrency impacts poaitively to the economy? In my opiniom, it could really affect the economy especially in the early adoption of people ro it, we might experience allot of market and goods peice fluctuation, inflation and deflatiom but it will be followed by the market correction of cryptocurrency. Then, it could imply positive aspects to the living and levels of crime basically if most people can sustain living, the rate of crime could be lessen.

[electronicash]

unless we create a blockchain that will prevent people from pulling a trigger. our government allow us to arm ourselves which is why there are shooting spree. schools today conduct shooting spree drills already, back in the days there were only earthquake and fire drills so no crypto base community isn't safe still. in fact even if we prevent people form owning guns, the crimes will be more bloody when criminals use knives and axes.

[Eugenar]

This would, in fact, will focus much on the main characteristics of crypto, which is to have an economy composed of people that are anonymous and having a decentralized system of transactions. It might be hard for the community because criminals might be indirectly tolerated, but with good technological innovation, systems might be fitted to be stronger and the centralization of the market is advised. Crypto based economy might be focused very well in electronic herds, and investment, but the fact that people will transact digitally, will be the main advantage of it. Making transactions even more efficient and faster.

[ubercool]

I don't think there is any connections between these type of crimes and cryptocurrency. The people who do these crimes will be doing the same until we have a flawed system.
Cryptocurrency is here because of the loopholes in our current financial institutions, and how governments are manipulating their currency in order to keep control of their power. Governments may create their own centralized currency to track crimes but how popular it'll be..? No one knows.

[wack slacker]

I think the current economic models show signs of manipulation from the national central bank. They launch policies and control cash flow. They benefit their country with virtual data. They seek to exploit labor as well as make money from the poor. The poor are unaware of the ongoing inflation and they continue to Work under the direction of businesses and the state.
I am afraid that if everything is clear, the world economy will not be as stable and developed as it used to be.
I do not know what to say.

[greatr]

A culture that is safer? I don't think that way. First of all, it has a negative side to everything. Crimes can still happen in cryptography. Unless we follow a community based on cryptography, all criminals are going to move to cyber crimes that are not secure. Economic equal market? Even in digital, it can still be controlled. I just think things are not going to be equal, whatever we use, fiat or crypto. The benefits in the higher class are still there. Even if we try to digitise things so hard, they can still create ways that will benefit them. There is no safety assurance even with crypto.

[South Park]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

It wouldn't create a safer community like what you think OP. I guess you didn't saw what crimes is already happening while we are using crypto. this things won't end because we can not control what peoples mind, we have our own rules whether we choose bad or not and crypto is not that solution to stop it. crypto is to help us make our transaction more easier, safer environment is not really crypto will intend to do but blockchain will help us to trace all possible crimes that made by other people.

Some people seem to hold the belief that bitcoin is going to be like a magic wand that is going to resolve the problems of the world and we know it is not true, if a new technology could resolve the problems of humanity then our problems should have been resolved long time ago, bitcoin is just a superior form of money in which we do not need to trust a third party, that is it and we should not expect more from it, as long as bitcoin can keep performing that function that is more than enough.

[Asmonist]

I think the major solution of a safer society is the people living on it. Crypto baser economy can somehow make things safer through a sufficient economic fund for safety and security. But, as I've mentioned the most significant part is how the people act and respond to the safety and security measures implemented.

[Janation]

I think the major solution of a safer society is the people living on it. Crypto baser economy can somehow make things safer through a sufficient economic fund for safety and security. But, as I've mentioned the most significant part is how the people act and respond to the safety and security measures implemented.

Make sense, but I don't think they will be doing this.

If that will be the thing here, that might change a lot. Cryptocurrencies are known to be decentralized, hence it is volatile. If this is applied, then the price of that crypto will depend on the whales or investors using it and the price can be manipulated, just imagine how chaotic the economy will be if that happens. Digital currency it might be, but cryptocurrency? I don't think so.

[takingthis4]

Cryptocurrencies are not something that can help people in every single way. If you look at cryptocurrencies, you need to limit your brand. Just think that cryptocurrency is money, and you can use it for transactions like fiat, but when you use it, you're going to have more security than using fiat. Besides that, I'm sure there's nothing cryptocurrencies can help in besides the monetary value. I agree that in the future blockchain will be big, but it will be big solely because of bitcoin that will change the world.

[cotton ball]

Cryptocurrencies are not something that can help people in every single way. If you look at cryptocurrencies, you need to limit your brand. Just think that cryptocurrency is money, and you can use it for transactions like fiat, but when you use it, you're going to have more security than using fiat. Besides that, I'm sure there's nothing cryptocurrencies can help in besides the monetary value. I agree that in the future blockchain will be big, but it will be big solely because of bitcoin that will change the world.

Cryptocurrency could be way how most safety become saving assets and increase value at the future when bitcoin growing to higher price, other time cryptocurrrency become most friendly way how to be faster payment transaction around the world and look easy when we use bitcoin as payment currency.

[CryptoBry]

Just like with anything that is man-made or man-invented, cryptocurrency can never be a perfect thing most especially in the real everyday world. So we can see there are many advantages and disadvantages as well. This can be the reason why I do not think that there can come a time when the global economy will be fully shifting to cryptocurrency. However, this can be a very good alternative and can be there just waiting for all of us to use and experience, side by side with the traditional system of doing things. Right now, the cryptocurrency industry has become like a very sweet paradise to many hackers, scammers and the likes and if we are going to see a global shift to the cryptocurrency economy then the same menace will be magnified many times over as even those who are already learned in this technology can still be subjected to the problem how much more people who are new and who are not so careful...these people will eventually decide that fiat can be better for them as there is no learning curve to go through. Being technologically-dependent can be good but there will always be disadvantages on the other side of the coin and the same thing can be said on cryptocurrency.

[outatime1]

I don't know about crime, but I think Bitcoin is safer in the sense that it is not bound to a country and the strength f that country.  If a countries economy fails or goes into recession, that countries fiat currency weakens.  Bitcoin is not affected in the same way because it's borderless.

[romero121]

We can't go completely with a crypto based economy, because the manipulative feature it holds will not let the economy to be diversified. Another thing it isn't safe as the present system. Because even a small technical error will cause a big collapse. This won't be fair with governments, as every country will have their own policies.

However if each and everything is integrated within the blockchain technology it is possible to find the flaws, through which one can develop and make things safer.

[Reatim]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

personally?i think even Fiat or Crypto would be used for financial aspect ?yet crime will be there ,Look how huge hacking and scamming happening in this market?we have Billions and Billions of dollars that has been colelcted by these bad humans.

and there is also a Crime that is involving crypto now,there is some case that Kidnapping is done asking for crypto payment,and some robbery or i mean ransacking  houses to find crypto assets.and this is alarming mate.

[Sahyadri]

Cashless economy which runs on bloclchain will be transparent and effecient as well as secure. Nation lose a lot of money because of cash or bank related frauds. With block chain they can easily escape it and save a lot. Also billion dollars can be saved in remittance fees globally. Money laundering can be escaped. In a way it will give this world a more secure monetary outlook.

[oktana]

Cashless economy which runs on bloclchain will be transparent and effecient as well as secure. Nation lose a lot of money because of cash or bank related frauds. With block chain they can easily escape it and save a lot. Also billion dollars can be saved in remittance fees globally. Money laundering can be escaped. In a way it will give this world a more secure monetary outlook.

There is one problem where if the system used is not a genuine product from the respective governments.

I see Alipay so far, their system is possible to have two currency conversion options between fiat from the company's country, and also fiat from the user's country. This is very dangerous because it brings economic effects that will cross each other, if they also use other crypto in their system, it will only generalize the case of worse mixing.

[nicolas1979]

There's no safer when involve money, regulation and protection always needed. Government never release the regulation because the can't control crypto and reject it is solution. Crypto can make people get income I agree with that but when enter financial instrument ( commodity, stock, mortgage, etc ) the story will be different. The transactions can't be tracked and no taxes make illegal activity more easier when using crypto. 

[barabarian1]

I don't think cryptocurrency is the solution to all economic problems. cryptocurrency is just a currency created with the aim of making it easier for us to transact electronically around the world without any third party intermediaries. So that even though cryptocurrency is widely adopted in the future, problems about social inequality, drugs, theft will still exist. and cryptocurrency is very vulnerable to hackers and manipulation.

[suvo05]

Maybe it would bring more chaos in the economy. It would not reduce the crime at all. If you see the scams related to crypto coins then you could see the screamers are all around there are lots of people who are lets educated Scamers will target them . There are many fake ICO, which are also some scam projects.  It not any system or law that would be going to make us safer community, people have the tendency to cheat other.

[hatshepsut93]

Cashless economy which runs on bloclchain will be transparent and effecient as well as secure. Nation lose a lot of money because of cash or bank related frauds. With block chain they can easily escape it and save a lot. Also billion dollars can be saved in remittance fees globally. Money laundering can be escaped. In a way it will give this world a more secure monetary outlook.

And people lose a lot of money in crypto with all the exist scams, ponzi's, investment scams, etc. It's true that crypto removes risks associated with banks and payment companies, but due to it being hard to trace and irreversible, it makes it more attractive to hackers and scammers, so it's a net loss in terms of security - in crypto you are on your own, there's no one who can fix your mistakes, and majority of the population is not ready for it.

[bounceback]

In my opinion crypto is not entirely safe because with digital currency some unscrupulous people can commit several crimes easily such as fraud that often occurs on the internet, because cryptocurrency is anonymous which tends to attract the attention of these people to commit crimes with cryptocurrency and if we see today that some governments do not accept cryptocurrency in their countries maybe for that reason.

[Baoo]

What kind of things are you talking about?
Your question is not accurate to be honest.
Otherwise, there is no stability in most of cryptocurrencies also the market is always volatility. So it is impossible would cryptocurrencies based on economy for any country even the poorest.
In fact,  we all know and assure that crypto in continuous development throughout the future despite the governments are trying to break this technology so hard and  in many ways.

[LUCKMCFLY]

~snip~

In secure systems, whether given by Crypto or not, there will always be crime, abuse and so on. The fact that Bitcoin offers in many aspects of security, scammers, thieves will always look for ways to take advantage of any vulnerability, we have Ransomware cases, daily robberies, the same goes for FIAT money, crime rates are higher in money FIAT, what can be done to avoid all these attacks and at the digital level is to take cyber security measures, the more time passes and the price of Bitcoin increases, all these acts will continue to increase.

[fiulpro]

I don't think a community which comprises of soley either Fiat or the cryptocurrencies would be a safe option I think what will work is having a community using both of them at their own discretion .
It is rather a complicated world where you have to actually use a lot of things and sometimes it gets really hard so it's should be your personal choice to face that situation using the Fiat or the cryptocurrencies .
I think it would be good for the society

[AicecreaME]

<…>
Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

People will never stop committing crimes because of different reasons, but let's talk about money or cryptocurrency. Fiat and cryptocurrency are both money, the only difference is that crypto is digital and has more value than fiat in my opinion, so, you were saying or thinking perhaps that if we all use cryptocurrency, we could minimize the crimes, but let me tell you this, you can't, we can't.

If cryptocurrency will replace fiat, then crimes would still happens, for example is robbery, people will rob other people by in any means just to get cryptocurrency to sustain their needs for everyday lives, so on and so forth.

Crimes that are being committed by different people everyday is all about the person, it is all a matter of choice, even way back then, in the stone age, or old age, people are stealing, killing people, but it can't be called crime since their are no laws yet before, but it is existing already for a very long time, it is like a habit, once you did it, escaping it would be hard. Also people are committing crimes because they are out of options, they can't find a job therefore they steal, they kill for money, it is just what they called "Survival of the fittest"

[malekbaba]

It is more accurate if we utter decentralized digital currency based economy where we dont need any intermediaries. Certainly block chain will make things more secure. Privacy will be ensured. Whole process will be more transparent
But this anonymous (mostly) currency will not prevent any crime. Cause criminal will remain the same. Criminals who used crypto may use any fiat also. They just need a way of transaction.

[jhontwis]

How secure is the Cryptocurrency market? It is a market open to speculation. If an economy of blockchain-based stable coins is created, it would be a successful business. Bitcoin has been trading on the market for 10 years. I think blockchain has proven itself.

[dimastegar]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

I think yes. The use of crypto currencies that are digital can reduce the risk of criminal activity. Because it is digital, the public can reduce criminal activities such as fiat theft.

Even though the use of crypto is also not spared from hacking activities, but this hacking activity is usually very rare.

[alyssa85]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

I think yes. The use of crypto currencies that are digital can reduce the risk of criminal activity. Because it is digital, the public can reduce criminal activities such as fiat theft.

Even though the use of crypto is also not spared from hacking activities, but this hacking activity is usually very rare.

I don't understand your reasoning. How would crypto reduce crime? People steal THINGS. Are you saying a smartphone bought with cryptocurrency is immune from being stolen but one bought with fiat isn't?

And what about violent crime? that's got nothing to do with currency, fiat or crypto at all, but to do with the aggression of certain people.

[TheGreatPython]

All those crimes that you have mentioned here, how exactly do you expect cryptocurrency to stop such crimes? Substance abuse?
Fiat don’t even have anything to do with that. For someone to commit such a crime they must have made up their mind to do it, so it’s a decision.

Cryptocurrency is not going to solve any problem, things are still going to be as they are, except that we will be able to trace money where they are going to and if it’s being regulated the culprits will be caught; this is only in case of scam and related events. That people are using cryptocurrency doesn’t mean an armed robber won’t stop you and demand for your coins.

[atjiat]

All those crimes that you have mentioned here, how exactly do you expect cryptocurrency to stop such crimes? Substance abuse?
Fiat don’t even have anything to do with that. For someone to commit such a crime they must have made up their mind to do it, so it’s a decision.

Cryptocurrency is not going to solve any problem, things are still going to be as they are, except that we will be able to trace money where they are going to and if it’s being regulated the culprits will be caught; this is only in case of scam and related events. That people are using cryptocurrency doesn’t mean an armed robber won’t stop you and demand for your coins.

at least we know what advantages cryptocurrency will provide for society, But in order for cryptocurrency not to be used for fraudulent purposes and for criminal activity, there must be certain controlling structures that will monitor compliance with the law.  The fact is that criminals can use not only cryptocurrency, but they also use fiat funds, and the government cannot completely cope with these problems.

[Lauren Smith]

How will using a different currency help with crime? People will still steal. The only safer thing i can see is not having to keep cold hard cash in your pocket/wallet.

If we live by the principles of crypto that would mean decentralized and free. Sounds good to me.

[electronicash]

How will using a different currency help with crime? People will still steal. The only safer thing i can see is not having to keep cold hard cash in your pocket/wallet.

If we live by the principles of crypto that would mean decentralized and free. Sounds good to me.

not all will need to be decentralized though. not everything will need to be tokenized like some projects thats doesn't need blockchain.

but certainly there is the need for blockchain for things like land ownership, its easy to land grab in some countries as long as they have the power being a politician they can grab lands. but if this land titles are in the blockchain, these lands will not be able top be grabbed by someone else. things are safer with blockchain.

[South Park]

I don't know about crime, but I think Bitcoin is safer in the sense that it is not bound to a country and the strength f that country.  If a countries economy fails or goes into recession, that countries fiat currency weakens.  Bitcoin is not affected in the same way because it's borderless.

And that is one of the main strengths of bitcoin many are not seeing it because they have forgot what that is like, but many years ago that happened in my country and the desperation in the faces of the people when they realized that because of the mistakes in the monetary policy of the government they were losing everything is not something nice to see, bitcoin protect us from that problem which most likely is going to repeat itself just that this time the problem will be a global one and not a local one.

[gundala]

the problems that you describe are inappropriate, some are not directly related to money.  in several aspects, such as transparency and decentralized systems, cryptocurrency is superior, but other issues such as security etc. are also the same polemic.  so, there is no guarantee that crime will decrease with it.  that's why I always thought that fiat and cryptocurrency were complementary.

[bitbunnny]

Maybe you didn't put it the right way. Probably you should have said if blockchain based economy would make things safer. I think that implementation of blockchain technology could contribute to more transparent system probably even safer.
Cryptocurrencies by its nature don't have some special safety and are also very often tool for criminal activities or a target of criminals so I'm not sure that cryptocurrencies itself would not contribute to safety.

[Polar91]

Indeed, a world supported by cryptocurrency for most of its financial aspects great, but to consider the cost, it is nit quite that good since conversion of peopl from traditional payment aystems involves allot of funding especially to teach them.with basic knowledge about crypto where they need to attend seminars or orientations which I see constly. Though, we are in an emerging world of investment, funding could be solve when some of our huge hodlers and investors will try to invest to attract people. You know what, tmost of the people invest for market price, not knowing that the people or demand drives this price to go way up high.

[Webetcoins]

Indeed, a world supported by cryptocurrency for most of its financial aspects great, but to consider the cost, it is nit quite that good since conversion of peopl from traditional payment aystems involves allot of funding especially to teach them.with basic knowledge about crypto where they need to attend seminars or orientations which I see constly. Though, we are in an emerging world of investment, funding could be solve when some of our huge hodlers and investors will try to invest to attract people. You know what, tmost of the people invest for market price, not knowing that the people or demand drives this price to go way up high.

Investors are investing and promoting this method of payment to attract more people and bring improvements in the market. It is the best technology as it offers a transparent and safe way of making transactions. Looking at its leading impact over all other fiat currency we can say that an economy based on cryptocurrency would be more suitable and stable. Also, the emerging trend of investment would take this crypto market to another level.

[wingfield_crypto]

     I do not think that replacing FIAR coins with crypto digital currencies will solve the problems that human society has in 2020.
First of all, it is utopian to talk about the implementation of crypto worldwide as a means of payment. At least not in the next 10 years. Crypto currencies are too fluctuating to think it will solve the material problem of people.
I do not think money thefts would be prevented, because its would exist by fooling the naive people.

[angrynerd88]

Developed countries believe that crypto and Blockchain can play positive role for the strong economy.Most of Bitcoin atm installed in us but still some countries population unaware about the cryptocurrency.Crypto curreny can contribute for the better economy in different ways like jobless people can earn from crypto trading and support the family.Also revenue can be generated from crypto in form of tax.
This is time to government legalize the crypto to stand with global economy.

[South Park]

Indeed, a world supported by cryptocurrency for most of its financial aspects great, but to consider the cost, it is nit quite that good since conversion of peopl from traditional payment aystems involves allot of funding especially to teach them.with basic knowledge about crypto where they need to attend seminars or orientations which I see constly. Though, we are in an emerging world of investment, funding could be solve when some of our huge hodlers and investors will try to invest to attract people. You know what, tmost of the people invest for market price, not knowing that the people or demand drives this price to go way up high.

Investors are investing and promoting this method of payment to attract more people and bring improvements in the market. It is the best technology as it offers a transparent and safe way of making transactions. Looking at its leading impact over all other fiat currency we can say that an economy based on cryptocurrency would be more suitable and stable. Also, the emerging trend of investment would take this crypto market to another level.

seeing the development of technology and the increasingly busy people to their activities, the cryptocurrency provides solutions for transparency and speed, therefore in the current digital era the internet is of course the main thing in supporting one's activities

I dont think that the crypto economic based is not that safe because of the anonimity of the users. For example it can be use mostly in crimes because they cannot trace back the users. It can be safe if and only if they remove the anonimity. But I dont think they will do that because when they build crypto, one of its objective is to hide the identity of its users.

That is exactly what governments are trying to achieve with their KYC policies but it does not matter what they do their solutions are only going to indirectly reveal the identities of those holding bitcoin, once you have it there are many ways for you to maintain your privacy, to give some privacy back to their users was one of the main goals of bitcoin and that is never going to change however that does not mean that the economy will be unsafer, we will just have to adjust to this new form of understanding a currency.

[USBitcoinServices.Com]

In my opinion there is everything possible for the Government,If government seriously get in the crypto will find the ways how to generate revenue from the crypto to invest in more projects make economy more safer.

After legalizing government allow only one platform where crypto can buy and sell,Monopoly of government will be successful to generate massive revenue from the crypto platform for providing crypto services.

There will be many opportunities for centralized businesses to make money with crypto because there are still and there will be many people that do not know or understand how to manage crypto, there is the chance for banksters, centralized third parties, and governments to profit from that niche.


Crypto based economy can become better once people become 100% responsible for managing their own money!

[Murat]

Still, now Cryptocurrency is not a platform which could bring to us a good solution for our social and economic problem what we are facing in our daily life, I think cryptocurrency is still struggling for its credibility because a lot of people have lost their money by investing here, so if you invest in cryptocurrency system you are not safe yet, that's why there are a lot of problems still lies in cryptocurrency, the most important thing is that a lot of crimes is being occurred in this system due to absence of any controlling, so without controlling no economic system could run smoothly so crypto-based economy couldn't be a safe system for the current context.

[pearnapple]

I don't think this will work because it doesn't mean that people will have more access to jobs or more access to money. Those who work for fiat will work for cryptos, but there will be those who decide to take the evil way. A crypto-based economy is only going to replace crypto with fiat, I assume the same thing is going to happen, the rich are going to stay rich and the poor will remain poor. But crypto will give more freedom to the people.

[Artemis3]

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

I think yes. The use of crypto currencies that are digital can reduce the risk of criminal activity. Because it is digital, the public can reduce criminal activities such as fiat theft.

Even though the use of crypto is also not spared from hacking activities, but this hacking activity is usually very rare.

Cashless criminal activity is not done like old fashioned physical theft, but for example by kidnapping. Here they call it express kidnapping. They aim to release you quickly. This was done here before hyperinflation, usually the victims were forced to empty their atm accounts. This is no longer possible because physical money lost its value and ATMs are 99% of the time empty anyway.

The criminals look at you, and check your lifestyle. Here simply owning a good enough car would make them tail you, see where you live etc. By knowing your daily routine they pick the best moment for the attack.

This is why it is so important to not look wealthy, even if you are. In the nice countries this might not be much of an issue, but it is in others. Very important when you travel. The cheapest looking Chinese smartphone is always better than an old iphone, it might even save your life.

So in short it simply changes their modus operandi. Some activities won't be feasible, but they will find new ways as long as the place is bad. Maybe its a little worse for crime, since it can leave more traces, but here are also smart crooks online etc.

The (bad) habits or activities themselves are not changed by the money itself. You can probably make an experiment leaving 1oz of gold or something of equivalent value (ie 1500 USD) and you will see all sort of people reacting the same. Maybe its a good idea for a hidden camera show...

[South Park]

In my opinion there is everything possible for the Government,If government seriously get in the crypto will find the ways how to generate revenue from the crypto to invest in more projects make economy more safer.

After legalizing government allow only one platform where crypto can buy and sell,Monopoly of government will be successful to generate massive revenue from the crypto platform for providing crypto services.

There will be many opportunities for centralized businesses to make money with crypto because there are still and there will be many people that do not know or understand how to manage crypto, there is the chance for banksters, centralized third parties, and governments to profit from that niche.


Crypto based economy can become better once people become 100% responsible for managing their own money!

This is a very old problem that we are never going to resolve, when gold was used as a currency people had the same problem about how to store their currency and they decided to trust in banks instead of doing it themselves since they lacked the means and the ability to do so, most people are going to decide they will prefer that banks store their cons after they get hacked or they lose access to their coins because they forgot their password or their hard drive crashed, and this probably means that we are never going to see the full benefits of a bitcoin economy.

[posi]

In my opinion there is everything possible for the Government,If government seriously get in the crypto will find the ways how to generate revenue from the crypto to invest in more projects make economy more safer.

After legalizing government allow only one platform where crypto can buy and sell,Monopoly of government will be successful to generate massive revenue from the crypto platform for providing crypto services.

There will be many opportunities for centralized businesses to make money with crypto because there are still and there will be many people that do not know or understand how to manage crypto, there is the chance for banksters, centralized third parties, and governments to profit from that niche.


Crypto based economy can become better once people become 100% responsible for managing their own money!

This is a very old problem that we are never going to resolve, when gold was used as a currency people had the same problem about how to store their currency and they decided to trust in banks instead of doing it themselves since they lacked the means and the ability to do so, most people are going to decide they will prefer that banks store their cons after they get hacked or they lose access to their coins because they forgot their password or their hard drive crashed, and this probably means that we are never going to see the full benefits of a bitcoin economy.

Alot have been said but i believe you guys are saying the samething which about the knowledge of coin managing and i dont see any reason the hack issue will be the main reason for us not to see the full benefit of bitcoin economy because new innovative technology are developing these days to tackle hacking problem which also the reason why Binance SAFU gave into picture.

With that been said, I want the OP to understand that crypto currency wont be the main thing to desist people from crime or abuse because some personal home training are needed to achieve that.

[HarmonyA]

Beyond a shadow of a doubt, digital money exchanging is dangerous, security-wise, even as cryptographic money advocates advance Bitcoin as a protected method to purchase and sell merchandise and ventures. That is essentially in light of the fact that the speculator for the most part has absolute power over exchanges, with no focal position.

Sadly, numerous individuals accept that cryptocurrency are by one way or another more secure than normal monetary exchanges.

Actually, utilizing Bitcoin legitimately includes no close to home information at all, thus in such manner, it is amazingly sheltered.

[FaithInCrypto]

Honestly, using crypto doesn't mean a safer community. We have lots of news lately that bad people use Bitcoin as a mode of payment for illegal trade such as drugs, etc because it cannot be tracked down by the government. This is what I am afraid of legalizing the use of Bitcoin as decentralized money. It seems that it will be used rampantly by people who are doing illegal things.

[USBitcoinServices.Com]

Honestly, using crypto doesn't mean a safer community. We have lots of news lately that bad people use Bitcoin as a mode of payment for illegal trade such as drugs, etc because it cannot be tracked down by the government. This is what I am afraid of legalizing the use of Bitcoin as decentralized money. It seems that it will be used rampantly by people who are doing illegal things.

Well, can you please tell if bad people are not using FIAT money (dollars, pesos) to do bad things? why when people talk about crypto to be used for bad people doing bad things, why they don't take the time to take a pause and use their brain and realize that bad person also use dollars for bad things!

And who is tracking down people using dollars for bad things?

Bitcoin doesn't need to be legalized, it is here to stay regardless of legalization or not. However, Bitcoin will be legalized which is even a good thing for bitcoin, more attention, more adoption, more popularity, more value, etc!

[BTCat]

The use of cryptocurrencies is not safe. Too many things can go wrong in the process of transacting.
Money will be lost by:

Mistyping, wrong copy pasting, miscommunication, pc malware, exchanges go dark, projects fail, price volatility, many ways to scam and cover up, fake startups hiring for
coins that never will have any value, games that do not pay the balances.
And many more ways to lose them technically and socially.

Transacting in cryptocurrencies is dodging bullets and if you never lost anything for a few years then concidder yourself lucky.

[AleSergio]

Well basicly from the beginning people were using bitcoin exactly in crime to sell some drugs and etc. The world wont be safier and there would be still a huge difference between poor and rich people. It doesn't matter which currencies people would use.

[LUCKMCFLY]

When we talk about a safer world, it has a lot to do with some factors, such as the security offered by Blockchain, which is incorruptible, obviously, the case of Bitcoin, many of the countries of the world will not accept it because it is volatile in nature, this It's something they can never accept.

The use of blockchain is increasing, and the use of cryptocurrencies is something that they do not see with very good eyes, that is why some countries have chosen to launch their own cryptocurrencies, such as stablecoins, the case of China is what it calls the most attention, now with all this epidemic event, I think that will affect it negatively.

[wozzek23]

Cryptocurrency is not a protector, crime solver or whatever you think it is, it's just about transaction and making it easy and cheap. It does not make a country a safe place to live or maybe reduce crime rate, that can't happen.

Yes, you're right about the economy level affecting the level of crime, because some people, when they are not able to Meetup with providing for their daily needs, they choose to be committing crime such as armed robbery, selling illegal stuff, etc. as a way to provide for themselves. But do you think that cryptocurrency can solve that or make our economy better? If the world should start making use of cryptocurrency, what kind of change would it bring?

[joeperry]

Cryptocurrency increased quality of life and offered comfort in all manner possible. It does not, however, pose as the solution to current societal problems as these would always exist as long as there is disparity in every aspect of life. At some level, by using its features such as anonymity, cryptocurrecy will promote and act as a tool of illegality. Individuals are still going to do a lot of awful things even if they're dealing with bitcoin, the same case when they're in paper money. Citizens will still have the ability to choose moral or immoral, even if the economy would be dominantly in a blockchain environment.

[laris2]

Honestly, using crypto doesn't mean a safer community. We have lots of news lately that bad people use Bitcoin as a mode of payment for illegal trade such as drugs, etc because it cannot be tracked down by the government. This is what I am afraid of legalizing the use of Bitcoin as decentralized money. It seems that it will be used rampantly by people who are doing illegal things.

The same things happen with cash, just because some people use cash for bad things doesn't mean the cash is bad.

[hahay]

At least crime will always be there, who knows what they have applied there to make it safe, it is not a guarantee that any economy will be safe from any actions that really enable a person to become rich and even become very poor. Cases like this will not be easy to get rid of because everyone has different thoughts and of course with that there will be two sides that are always opposite between pros and cons.

[Gumpfire]

As the state of economy does at times really influence levels of crime and social aspects in any community.

Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.

If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/

Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?

Your thoughts why or why not?

We cannot conclude and say that bitcoin and system of cryptocurrencies will lessen crimes and this will change the world. Well, it may change the world but not that way. If we look deeper, we should see that the root cause why there are crimes is the behavior and attitude of people who commit those. A criminal will always find its way to deceive and have its victims, whatever their platform is. Bitcoin is only a mere currency, but we can't depend our lives to it.