Would a Crypto Based Economy Make Things Safer?

[TheGreatPython]

All those crimes that you have mentioned here, how exactly do you expect cryptocurrency to stop such crimes? Substance abuse?
Fiat don’t even have anything to do with that. For someone to commit such a crime they must have made up their mind to do it, so it’s a decision.

Cryptocurrency is not going to solve any problem, things are still going to be as they are, except that we will be able to trace money where they are going to and if it’s being regulated the culprits will be caught; this is only in case of scam and related events. That people are using cryptocurrency doesn’t mean an armed robber won’t stop you and demand for your coins.

[atjiat]

All those crimes that you have mentioned here, how exactly do you expect cryptocurrency to stop such crimes? Substance abuse?
Fiat don’t even have anything to do with that. For someone to commit such a crime they must have made up their mind to do it, so it’s a decision.

Cryptocurrency is not going to solve any problem, things are still going to be as they are, except that we will be able to trace money where they are going to and if it’s being regulated the culprits will be caught; this is only in case of scam and related events. That people are using cryptocurrency doesn’t mean an armed robber won’t stop you and demand for your coins.

at least we know what advantages cryptocurrency will provide for society, But in order for cryptocurrency not to be used for fraudulent purposes and for criminal activity, there must be certain controlling structures that will monitor compliance with the law.  The fact is that criminals can use not only cryptocurrency, but they also use fiat funds, and the government cannot completely cope with these problems.

[Lauren Smith]

How will using a different currency help with crime? People will still steal. The only safer thing i can see is not having to keep cold hard cash in your pocket/wallet.

If we live by the principles of crypto that would mean decentralized and free. Sounds good to me.

[electronicash]

How will using a different currency help with crime? People will still steal. The only safer thing i can see is not having to keep cold hard cash in your pocket/wallet.

If we live by the principles of crypto that would mean decentralized and free. Sounds good to me.

not all will need to be decentralized though. not everything will need to be tokenized like some projects thats doesn't need blockchain.

but certainly there is the need for blockchain for things like land ownership, its easy to land grab in some countries as long as they have the power being a politician they can grab lands. but if this land titles are in the blockchain, these lands will not be able top be grabbed by someone else. things are safer with blockchain.

[South Park]

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.

And that is one of the main strengths of bitcoin many are not seeing it because they have forgot what that is like, but many years ago that happened in my country and the desperation in the faces of the people when they realized that because of the mistakes in the monetary policy of the government they were losing everything is not something nice to see, bitcoin protect us from that problem which most likely is going to repeat itself just that this time the problem will be a global one and not a local one.

[gundala]

the problems that you describe are inappropriate, some are not directly related to money.  in several aspects, such as transparency and decentralized systems, cryptocurrency is superior, but other issues such as security etc. are also the same polemic.  so, there is no guarantee that crime will decrease with it.  that's why I always thought that fiat and cryptocurrency were complementary.

[bitbunnny]

Maybe you didn't put it the right way. Probably you should have said if blockchain based economy would make things safer. I think that implementation of blockchain technology could contribute to more transparent system probably even safer.
Cryptocurrencies by its nature don't have some special safety and are also very often tool for criminal activities or a target of criminals so I'm not sure that cryptocurrencies itself would not contribute to safety.

[Polar91]

Indeed, a world supported by cryptocurrency for most of its financial aspects great, but to consider the cost, it is nit quite that good since conversion of peopl from traditional payment aystems involves allot of funding especially to teach them.with basic knowledge about crypto where they need to attend seminars or orientations which I see constly. Though, we are in an emerging world of investment, funding could be solve when some of our huge hodlers and investors will try to invest to attract people. You know what, tmost of the people invest for market price, not knowing that the people or demand drives this price to go way up high.

[Webetcoins]

Indeed, a world supported by cryptocurrency for most of its financial aspects great, but to consider the cost, it is nit quite that good since conversion of peopl from traditional payment aystems involves allot of funding especially to teach them.with basic knowledge about crypto where they need to attend seminars or orientations which I see constly. Though, we are in an emerging world of investment, funding could be solve when some of our huge hodlers and investors will try to invest to attract people. You know what, tmost of the people invest for market price, not knowing that the people or demand drives this price to go way up high.

Investors are investing and promoting this method of payment to attract more people and bring improvements in the market. It is the best technology as it offers a transparent and safe way of making transactions. Looking at its leading impact over all other fiat currency we can say that an economy based on cryptocurrency would be more suitable and stable. Also, the emerging trend of investment would take this crypto market to another level.

[wingfield_crypto]

     I do not think that replacing FIAR coins with crypto digital currencies will solve the problems that human society has in 2020.
First of all, it is utopian to talk about the implementation of crypto worldwide as a means of payment. At least not in the next 10 years. Crypto currencies are too fluctuating to think it will solve the material problem of people.
I do not think money thefts would be prevented, because its would exist by fooling the naive people.

[angrynerd88]

Developed countries believe that crypto and Blockchain can play positive role for the strong economy.Most of Bitcoin atm installed in us but still some countries population unaware about the cryptocurrency.Crypto curreny can contribute for the better economy in different ways like jobless people can earn from crypto trading and support the family.Also revenue can be generated from crypto in form of tax.
This is time to government legalize the crypto to stand with global economy.

[South Park]

Indeed, a world supported by cryptocurrency for most of its financial aspects great, but to consider the cost, it is nit quite that good since conversion of peopl from traditional payment aystems involves allot of funding especially to teach them.with basic knowledge about crypto where they need to attend seminars or orientations which I see constly. Though, we are in an emerging world of investment, funding could be solve when some of our huge hodlers and investors will try to invest to attract people. You know what, tmost of the people invest for market price, not knowing that the people or demand drives this price to go way up high.

Investors are investing and promoting this method of payment to attract more people and bring improvements in the market. It is the best technology as it offers a transparent and safe way of making transactions. Looking at its leading impact over all other fiat currency we can say that an economy based on cryptocurrency would be more suitable and stable. Also, the emerging trend of investment would take this crypto market to another level.

seeing the development of technology and the increasingly busy people to their activities, the cryptocurrency provides solutions for transparency and speed, therefore in the current digital era the internet is of course the main thing in supporting one's activities

I dont think that the crypto economic based is not that safe because of the anonimity of the users. For example it can be use mostly in crimes because they cannot trace back the users. It can be safe if and only if they remove the anonimity. But I dont think they will do that because when they build crypto, one of its objective is to hide the identity of its users.

That is exactly what governments are trying to achieve with their KYC policies but it does not matter what they do their solutions are only going to indirectly reveal the identities of those holding bitcoin, once you have it there are many ways for you to maintain your privacy, to give some privacy back to their users was one of the main goals of bitcoin and that is never going to change however that does not mean that the economy will be unsafer, we will just have to adjust to this new form of understanding a currency.

[USBitcoinServices.Com]

In my opinion there is everything possible for the Government,If government seriously get in the crypto will find the ways how to generate revenue from the crypto to invest in more projects make economy more safer.

After legalizing government allow only one platform where crypto can buy and sell,Monopoly of government will be successful to generate massive revenue from the crypto platform for providing crypto services.

There will be many opportunities for centralized businesses to make money with crypto because there are still and there will be many people that do not know or understand how to manage crypto, there is the chance for banksters, centralized third parties, and governments to profit from that niche.


Crypto based economy can become better once people become 100% responsible for managing their own money!

[Murat]

Still, now Cryptocurrency is not a platform which could bring to us a good solution for our social and economic problem what we are facing in our daily life, I think cryptocurrency is still struggling for its credibility because a lot of people have lost their money by investing here, so if you invest in cryptocurrency system you are not safe yet, that's why there are a lot of problems still lies in cryptocurrency, the most important thing is that a lot of crimes is being occurred in this system due to absence of any controlling, so without controlling no economic system could run smoothly so crypto-based economy couldn't be a safe system for the current context.

[pearnapple]

I don't think this will work because it doesn't mean that people will have more access to jobs or more access to money. Those who work for fiat will work for cryptos, but there will be those who decide to take the evil way. A crypto-based economy is only going to replace crypto with fiat, I assume the same thing is going to happen, the rich are going to stay rich and the poor will remain poor. But crypto will give more freedom to the people.

[Artemis3]

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.

Cashless criminal activity is not done like old fashioned physical theft, but for example by kidnapping. Here they call it express kidnapping. They aim to release you quickly. This was done here before hyperinflation, usually the victims were forced to empty their atm accounts. This is no longer possible because physical money lost its value and ATMs are 99% of the time empty anyway.

The criminals look at you, and check your lifestyle. Here simply owning a good enough car would make them tail you, see where you live etc. By knowing your daily routine they pick the best moment for the attack.

This is why it is so important to not look wealthy, even if you are. In the nice countries this might not be much of an issue, but it is in others. Very important when you travel. The cheapest looking Chinese smartphone is always better than an old iphone, it might even save your life.

So in short it simply changes their modus operandi. Some activities won't be feasible, but they will find new ways as long as the place is bad. Maybe its a little worse for crime, since it can leave more traces, but here are also smart crooks online etc.

The (bad) habits or activities themselves are not changed by the money itself. You can probably make an experiment leaving 1oz of gold or something of equivalent value (ie 1500 USD) and you will see all sort of people reacting the same. Maybe its a good idea for a hidden camera show...

[South Park]

In my opinion there is everything possible for the Government,If government seriously get in the crypto will find the ways how to generate revenue from the crypto to invest in more projects make economy more safer.

After legalizing government allow only one platform where crypto can buy and sell,Monopoly of government will be successful to generate massive revenue from the crypto platform for providing crypto services.

There will be many opportunities for centralized businesses to make money with crypto because there are still and there will be many people that do not know or understand how to manage crypto, there is the chance for banksters, centralized third parties, and governments to profit from that niche.


Crypto based economy can become better once people become 100% responsible for managing their own money!

This is a very old problem that we are never going to resolve, when gold was used as a currency people had the same problem about how to store their currency and they decided to trust in banks instead of doing it themselves since they lacked the means and the ability to do so, most people are going to decide they will prefer that banks store their cons after they get hacked or they lose access to their coins because they forgot their password or their hard drive crashed, and this probably means that we are never going to see the full benefits of a bitcoin economy.

[posi]

In my opinion there is everything possible for the Government,If government seriously get in the crypto will find the ways how to generate revenue from the crypto to invest in more projects make economy more safer.

After legalizing government allow only one platform where crypto can buy and sell,Monopoly of government will be successful to generate massive revenue from the crypto platform for providing crypto services.

There will be many opportunities for centralized businesses to make money with crypto because there are still and there will be many people that do not know or understand how to manage crypto, there is the chance for banksters, centralized third parties, and governments to profit from that niche.


Crypto based economy can become better once people become 100% responsible for managing their own money!

This is a very old problem that we are never going to resolve, when gold was used as a currency people had the same problem about how to store their currency and they decided to trust in banks instead of doing it themselves since they lacked the means and the ability to do so, most people are going to decide they will prefer that banks store their cons after they get hacked or they lose access to their coins because they forgot their password or their hard drive crashed, and this probably means that we are never going to see the full benefits of a bitcoin economy.

Alot have been said but i believe you guys are saying the samething which about the knowledge of coin managing and i dont see any reason the hack issue will be the main reason for us not to see the full benefit of bitcoin economy because new innovative technology are developing these days to tackle hacking problem which also the reason why Binance SAFU gave into picture.

With that been said, I want the OP to understand that crypto currency wont be the main thing to desist people from crime or abuse because some personal home training are needed to achieve that.

[HarmonyA]

Beyond a shadow of a doubt, digital money exchanging is dangerous, security-wise, even as cryptographic money advocates advance Bitcoin as a protected method to purchase and sell merchandise and ventures. That is essentially in light of the fact that the speculator for the most part has absolute power over exchanges, with no focal position.

Sadly, numerous individuals accept that cryptocurrency are by one way or another more secure than normal monetary exchanges.

Actually, utilizing Bitcoin legitimately includes no close to home information at all, thus in such manner, it is amazingly sheltered.

[FaithInCrypto]

Honestly, using crypto doesn't mean a safer community. We have lots of news lately that bad people use Bitcoin as a mode of payment for illegal trade such as drugs, etc because it cannot be tracked down by the government. This is what I am afraid of legalizing the use of Bitcoin as decentralized money. It seems that it will be used rampantly by people who are doing illegal things.