Would a Crypto Based Economy Make Things Safer?

[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.