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Author Topic: Would a Crypto Based Economy Make Things Safer?  (Read 1791 times)
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February 10, 2020, 04:36:16 AM
 #141

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!



It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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February 10, 2020, 11:41:03 AM
 #142

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.
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February 10, 2020, 08:35:49 PM
 #143

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. Undecided

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February 11, 2020, 02:31:43 AM
 #144

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.

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February 11, 2020, 06:09:13 AM
 #145

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?
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February 11, 2020, 03:34:12 PM
 #146

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.


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February 11, 2020, 06:49:28 PM
 #147

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.

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February 11, 2020, 07:13:29 PM
 #148

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.

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February 12, 2020, 01:27:04 PM
 #149

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.
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