Topic: Would a Crypto Based Economy Make Things Safer? - page 3. (Read 1886 times)
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
I think the major solution of a safer society is the people living on it. Crypto baser economy can somehow make things safer through a sufficient economic fund for safety and security. But, as I've mentioned the most significant part is how the people act and respond to the safety and security measures implemented.
Make sense, but I don't think they will be doing this.
If that will be the thing here, that might change a lot. Cryptocurrencies are known to be decentralized, hence it is volatile. If this is applied, then the price of that crypto will depend on the whales or investors using it and the price can be manipulated, just imagine how chaotic the economy will be if that happens. Digital currency it might be, but cryptocurrency? I don't think so.
I think the major solution of a safer society is the people living on it. Crypto baser economy can somehow make things safer through a sufficient economic fund for safety and security. But, as I've mentioned the most significant part is how the people act and respond to the safety and security measures implemented.
Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?
It wouldn't create a safer community like what you think OP. I guess you didn't saw what crimes is already happening while we are using crypto. this things won't end because we can not control what peoples mind, we have our own rules whether we choose bad or not and crypto is not that solution to stop it. crypto is to help us make our transaction more easier, safer environment is not really crypto will intend to do but blockchain will help us to trace all possible crimes that made by other people.
A culture that is safer? I don't think that way. First of all, it has a negative side to everything. Crimes can still happen in cryptography. Unless we follow a community based on cryptography, all criminals are going to move to cyber crimes that are not secure. Economic equal market? Even in digital, it can still be controlled. I just think things are not going to be equal, whatever we use, fiat or crypto. The benefits in the higher class are still there. Even if we try to digitise things so hard, they can still create ways that will benefit them. There is no safety assurance even with crypto.
I think the current economic models show signs of manipulation from the national central bank. They launch policies and control cash flow. They benefit their country with virtual data. They seek to exploit labor as well as make money from the poor. The poor are unaware of the ongoing inflation and they continue to Work under the direction of businesses and the state.
I am afraid that if everything is clear, the world economy will not be as stable and developed as it used to be.
I do not know what to say.
I am afraid that if everything is clear, the world economy will not be as stable and developed as it used to be.
I do not know what to say.
I don't think there is any connections between these type of crimes and cryptocurrency. The people who do these crimes will be doing the same until we have a flawed system.
Cryptocurrency is here because of the loopholes in our current financial institutions, and how governments are manipulating their currency in order to keep control of their power. Governments may create their own centralized currency to track crimes but how popular it'll be..? No one knows.
Cryptocurrency is here because of the loopholes in our current financial institutions, and how governments are manipulating their currency in order to keep control of their power. Governments may create their own centralized currency to track crimes but how popular it'll be..? No one knows.
This would, in fact, will focus much on the main characteristics of crypto, which is to have an economy composed of people that are anonymous and having a decentralized system of transactions. It might be hard for the community because criminals might be indirectly tolerated, but with good technological innovation, systems might be fitted to be stronger and the centralization of the market is advised. Crypto based economy might be focused very well in electronic herds, and investment, but the fact that people will transact digitally, will be the main advantage of it. Making transactions even more efficient and faster.
unless we create a blockchain that will prevent people from pulling a trigger. our government allow us to arm ourselves which is why there are shooting spree. schools today conduct shooting spree drills already, back in the days there were only earthquake and fire drills so no crypto base community isn't safe still. in fact even if we prevent people form owning guns, the crimes will be more bloody when criminals use knives and axes.
As you've mentioned, there is a relationship between the state economy and the levels of crime ang living. With this, we need to answer the qiestion would the cryptocurrency impacts poaitively to the economy? In my opiniom, it could really affect the economy especially in the early adoption of people ro it, we might experience allot of market and goods peice fluctuation, inflation and deflatiom but it will be followed by the market correction of cryptocurrency. Then, it could imply positive aspects to the living and levels of crime basically if most people can sustain living, the rate of crime could be lessen.
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