Topic: Would a Crypto Based Economy Make Things Safer? (Read 1791 times)

I think yes, to a large extent, this will affect the reduction of bad individual behaviors and may put an end to no crime, violence or drug use. And that, in turn, will contribute to creating a safer society. If you want projects that rely on the encryption system, it may affect the stability of the economic situation of the individual and the community, then it increases them.

We cannot conclude and say that bitcoin and system of cryptocurrencies will lessen crimes and this will change the world. Well, it may change the world but not that way. If we look deeper, we should see that the root cause why there are crimes is the behavior and attitude of people who commit those. A criminal will always find its way to deceive and have its victims, whatever their platform is. Bitcoin is only a mere currency, but we can't depend our lives to it.

At least crime will always be there, who knows what they have applied there to make it safe, it is not a guarantee that any economy will be safe from any actions that really enable a person to become rich and even become very poor. Cases like this will not be easy to get rid of because everyone has different thoughts and of course with that there will be two sides that are always opposite between pros and cons.

The same things happen with cash, just because some people use cash for bad things doesn't mean the cash is bad.

Cryptocurrency increased quality of life and offered comfort in all manner possible. It does not, however, pose as the solution to current societal problems as these would always exist as long as there is disparity in every aspect of life. At some level, by using its features such as anonymity, cryptocurrecy will promote and act as a tool of illegality. Individuals are still going to do a lot of awful things even if they're dealing with bitcoin, the same case when they're in paper money. Citizens will still have the ability to choose moral or immoral, even if the economy would be dominantly in a blockchain environment.

Cryptocurrency is not a protector, crime solver or whatever you think it is, it's just about transaction and making it easy and cheap. It does not make a country a safe place to live or maybe reduce crime rate, that can't happen.

Yes, you're right about the economy level affecting the level of crime, because some people, when they are not able to Meetup with providing for their daily needs, they choose to be committing crime such as armed robbery, selling illegal stuff, etc. as a way to provide for themselves. But do you think that cryptocurrency can solve that or make our economy better? If the world should start making use of cryptocurrency, what kind of change would it bring?

When we talk about a safer world, it has a lot to do with some factors, such as the security offered by Blockchain, which is incorruptible, obviously, the case of Bitcoin, many of the countries of the world will not accept it because it is volatile in nature, this It's something they can never accept.

The use of blockchain is increasing, and the use of cryptocurrencies is something that they do not see with very good eyes, that is why some countries have chosen to launch their own cryptocurrencies, such as stablecoins, the case of China is what it calls the most attention, now with all this epidemic event, I think that will affect it negatively.

Well basicly from the beginning people were using bitcoin exactly in crime to sell some drugs and etc. The world wont be safier and there would be still a huge difference between poor and rich people. It doesn't matter which currencies people would use.

The use of cryptocurrencies is not safe. Too many things can go wrong in the process of transacting.
Money will be lost by:

Mistyping, wrong copy pasting, miscommunication, pc malware, exchanges go dark, projects fail, price volatility, many ways to scam and cover up, fake startups hiring for
coins that never will have any value, games that do not pay the balances.
And many more ways to lose them technically and socially.

Transacting in cryptocurrencies is dodging bullets and if you never lost anything for a few years then concidder yourself lucky.

Well, can you please tell if bad people are not using FIAT money (dollars, pesos) to do bad things? why when people talk about crypto to be used for bad people doing bad things, why they don't take the time to take a pause and use their brain and realize that bad person also use dollars for bad things!

And who is tracking down people using dollars for bad things?

Bitcoin doesn't need to be legalized, it is here to stay regardless of legalization or not. However, Bitcoin will be legalized which is even a good thing for bitcoin, more attention, more adoption, more popularity, more value, etc!

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.

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.

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.

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.

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...

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.

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.

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!

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.

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.