Would a Crypto Based Economy Make Things Safer?

[cotton ball]

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.

Cryptocurrency could be way how most safety become saving assets and increase value at the future when bitcoin growing to higher price, other time cryptocurrrency become most friendly way how to be faster payment transaction around the world and look easy when we use bitcoin as payment currency.

[CryptoBry]

Just like with anything that is man-made or man-invented, cryptocurrency can never be a perfect thing most especially in the real everyday world. So we can see there are many advantages and disadvantages as well. This can be the reason why I do not think that there can come a time when the global economy will be fully shifting to cryptocurrency. However, this can be a very good alternative and can be there just waiting for all of us to use and experience, side by side with the traditional system of doing things. Right now, the cryptocurrency industry has become like a very sweet paradise to many hackers, scammers and the likes and if we are going to see a global shift to the cryptocurrency economy then the same menace will be magnified many times over as even those who are already learned in this technology can still be subjected to the problem how much more people who are new and who are not so careful...these people will eventually decide that fiat can be better for them as there is no learning curve to go through. Being technologically-dependent can be good but there will always be disadvantages on the other side of the coin and the same thing can be said on cryptocurrency.

[outatime1]

I don't know about crime, but I think Bitcoin is safer in the sense that it is not bound to a country and the strength f that country.  If a countries economy fails or goes into recession, that countries fiat currency weakens.  Bitcoin is not affected in the same way because it's borderless.

[romero121]

We can't go completely with a crypto based economy, because the manipulative feature it holds will not let the economy to be diversified. Another thing it isn't safe as the present system. Because even a small technical error will cause a big collapse. This won't be fair with governments, as every country will have their own policies.

However if each and everything is integrated within the blockchain technology it is possible to find the flaws, through which one can develop and make things safer.

[Reatim]

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 think even Fiat or Crypto would be used for financial aspect ?yet crime will be there ,Look how huge hacking and scamming happening in this market?we have Billions and Billions of dollars that has been colelcted by these bad humans.

and there is also a Crime that is involving crypto now,there is some case that Kidnapping is done asking for crypto payment,and some robbery or i mean ransacking  houses to find crypto assets.and this is alarming mate.

[Sahyadri]

Cashless economy which runs on bloclchain will be transparent and effecient as well as secure. Nation lose a lot of money because of cash or bank related frauds. With block chain they can easily escape it and save a lot. Also billion dollars can be saved in remittance fees globally. Money laundering can be escaped. In a way it will give this world a more secure monetary outlook.

[oktana]

Cashless economy which runs on bloclchain will be transparent and effecient as well as secure. Nation lose a lot of money because of cash or bank related frauds. With block chain they can easily escape it and save a lot. Also billion dollars can be saved in remittance fees globally. Money laundering can be escaped. In a way it will give this world a more secure monetary outlook.

There is one problem where if the system used is not a genuine product from the respective governments.

I see Alipay so far, their system is possible to have two currency conversion options between fiat from the company's country, and also fiat from the user's country. This is very dangerous because it brings economic effects that will cross each other, if they also use other crypto in their system, it will only generalize the case of worse mixing.

[nicolas1979]

There's no safer when involve money, regulation and protection always needed. Government never release the regulation because the can't control crypto and reject it is solution. Crypto can make people get income I agree with that but when enter financial instrument ( commodity, stock, mortgage, etc ) the story will be different. The transactions can't be tracked and no taxes make illegal activity more easier when using crypto. 

[barabarian1]

I don't think cryptocurrency is the solution to all economic problems. cryptocurrency is just a currency created with the aim of making it easier for us to transact electronically around the world without any third party intermediaries. So that even though cryptocurrency is widely adopted in the future, problems about social inequality, drugs, theft will still exist. and cryptocurrency is very vulnerable to hackers and manipulation.

[suvo05]

Maybe it would bring more chaos in the economy. It would not reduce the crime at all. If you see the scams related to crypto coins then you could see the screamers are all around there are lots of people who are lets educated Scamers will target them . There are many fake ICO, which are also some scam projects.  It not any system or law that would be going to make us safer community, people have the tendency to cheat other.

[hatshepsut93]

Cashless economy which runs on bloclchain will be transparent and effecient as well as secure. Nation lose a lot of money because of cash or bank related frauds. With block chain they can easily escape it and save a lot. Also billion dollars can be saved in remittance fees globally. Money laundering can be escaped. In a way it will give this world a more secure monetary outlook.

And people lose a lot of money in crypto with all the exist scams, ponzi's, investment scams, etc. It's true that crypto removes risks associated with banks and payment companies, but due to it being hard to trace and irreversible, it makes it more attractive to hackers and scammers, so it's a net loss in terms of security - in crypto you are on your own, there's no one who can fix your mistakes, and majority of the population is not ready for it.

[bounceback]

In my opinion crypto is not entirely safe because with digital currency some unscrupulous people can commit several crimes easily such as fraud that often occurs on the internet, because cryptocurrency is anonymous which tends to attract the attention of these people to commit crimes with cryptocurrency and if we see today that some governments do not accept cryptocurrency in their countries maybe for that reason.

[Baoo]

What kind of things are you talking about?
Your question is not accurate to be honest.
Otherwise, there is no stability in most of cryptocurrencies also the market is always volatility. So it is impossible would cryptocurrencies based on economy for any country even the poorest.
In fact,  we all know and assure that crypto in continuous development throughout the future despite the governments are trying to break this technology so hard and  in many ways.

[LUCKMCFLY]

~snip~

In secure systems, whether given by Crypto or not, there will always be crime, abuse and so on. The fact that Bitcoin offers in many aspects of security, scammers, thieves will always look for ways to take advantage of any vulnerability, we have Ransomware cases, daily robberies, the same goes for FIAT money, crime rates are higher in money FIAT, what can be done to avoid all these attacks and at the digital level is to take cyber security measures, the more time passes and the price of Bitcoin increases, all these acts will continue to increase.

[fiulpro]

I don't think a community which comprises of soley either Fiat or the cryptocurrencies would be a safe option I think what will work is having a community using both of them at their own discretion .
It is rather a complicated world where you have to actually use a lot of things and sometimes it gets really hard so it's should be your personal choice to face that situation using the Fiat or the cryptocurrencies .
I think it would be good for the society

[AicecreaME]

<…>
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?

People will never stop committing crimes because of different reasons, but let's talk about money or cryptocurrency. Fiat and cryptocurrency are both money, the only difference is that crypto is digital and has more value than fiat in my opinion, so, you were saying or thinking perhaps that if we all use cryptocurrency, we could minimize the crimes, but let me tell you this, you can't, we can't.

If cryptocurrency will replace fiat, then crimes would still happens, for example is robbery, people will rob other people by in any means just to get cryptocurrency to sustain their needs for everyday lives, so on and so forth.

Crimes that are being committed by different people everyday is all about the person, it is all a matter of choice, even way back then, in the stone age, or old age, people are stealing, killing people, but it can't be called crime since their are no laws yet before, but it is existing already for a very long time, it is like a habit, once you did it, escaping it would be hard. Also people are committing crimes because they are out of options, they can't find a job therefore they steal, they kill for money, it is just what they called "Survival of the fittest"

[malekbaba]

It is more accurate if we utter decentralized digital currency based economy where we dont need any intermediaries. Certainly block chain will make things more secure. Privacy will be ensured. Whole process will be more transparent
But this anonymous (mostly) currency will not prevent any crime. Cause criminal will remain the same. Criminals who used crypto may use any fiat also. They just need a way of transaction.

[jhontwis]

How secure is the Cryptocurrency market? It is a market open to speculation. If an economy of blockchain-based stable coins is created, it would be a successful business. Bitcoin has been trading on the market for 10 years. I think blockchain has proven itself.

[dimastegar]

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 yes. The use of crypto currencies that are digital can reduce the risk of criminal activity. Because it is digital, the public can reduce criminal activities such as fiat theft.

Even though the use of crypto is also not spared from hacking activities, but this hacking activity is usually very rare.

[alyssa85]

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 yes. The use of crypto currencies that are digital can reduce the risk of criminal activity. Because it is digital, the public can reduce criminal activities such as fiat theft.

Even though the use of crypto is also not spared from hacking activities, but this hacking activity is usually very rare.

I don't understand your reasoning. How would crypto reduce crime? People steal THINGS. Are you saying a smartphone bought with cryptocurrency is immune from being stolen but one bought with fiat isn't?

And what about violent crime? that's got nothing to do with currency, fiat or crypto at all, but to do with the aggression of certain people.