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?

[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.