Would a Crypto Based Economy Make Things Safer?

[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.