Would a Crypto Based Economy Make Things Safer?

[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.