Would a Crypto Based Economy Make Things Safer? - page 5.

bitcoinsocial09

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Quote from: worldtraveller321 on December 23, 2019, 10:54:48 PM

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 think this could make the economy safer than before but surely we are going to encounter new issues probably in the online section since we are going to use cryptocurrency,
Technical problems and issues would be more prone I think we need to strengthen first our security in this kind of technology if we are going to use this.

robelneo

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Quote from: worldtraveller321 on December 23, 2019, 10:54:48 PM

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?

No, I don't think it will, this is more of a moral issue and peace and order it's not the monetary system that will set things in order it's one of the components though, it's the political will of the government or the rules that govern its society, and we should not discriminate the less fortunate people as the one that will likely commit the crimes, it's unfair to blame poverty and less fortunate people.

karanggatak

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in my opinion, even if we change the economic system to be cryptocurrency based, it will not make crime disappear. crime will always be in the fiat economy or cryptocurrency because scammers always have a way to be able to take advantage and deceive others. and in cryptocurrency there are big traders and also small traders so rich and poor will also remain in cryptocurrency. cryptocurrency is not the solution to all economic or social problems

hatshepsut93

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Quote from: Asuspawer09 on January 02, 2020, 10:33:44 AM

Compare to other digital cash or digital currency I think bitcoin is a solid and secure type of digital cash, we know that until today no one could hack the bitcoin and I think there is also a lot of bitcoin wallet that is using bitcoin and they are also secured. I think when it comes to economy we could encounter a lot of issues when we use bitcoin or cryptocurrency as a currency but also with the help of fiat money bitcoin could still make it as a currency or even just an alternative currency for every country around the globe.

Yeah, Bitcoin network is more secure than payment network like Visa or Swift, but Bitcoin wallets are less secure than banking apps, because your coins will be gone forever as soon as someone steals your private key, but with banks there are obstacles like additional verification for large transactions, and you have a chance to recover your money if you notice the theft quickly. Criminals already target cryptocurrency users often, if the whole economy switched to crypto, theft-related cybercrime would be through the roof.

Bitcoinislife09

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Quote from: worldtraveller321 on December 23, 2019, 10:54:48 PM

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 think this kind of economy would be a great if the technology like this is already implemented in a country. Still a lot of hackers could try to go in when it is all about digital currency or cryptocurrency imagine if a hacker could bypass the system they could easily hack the cryptocurrency and I think it will be a huge problem if we cannot protect from hackers.

Asuspawer09

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Quote from: worldtraveller321 on December 23, 2019, 10:54:48 PM

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?

Compare to other digital cash or digital currency I think bitcoin is a solid and secure type of digital cash, we know that until today no one could hack the bitcoin and I think there is also a lot of bitcoin wallet that is using bitcoin and they are also secured. I think when it comes to economy we could encounter a lot of issues when we use bitcoin or cryptocurrency as a currency but also with the help of fiat money bitcoin could still make it as a currency or even just an alternative currency for every country around the globe.

johnwest

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Its not that simple to imagine a crypto based economy completely take over the planet. Governments are not that supportive towards crypto where as they are thinking of making a blockchain based currency. It might be safer than what it is right now but the people who use it needs to be educated about it.

Twentyonepaylots

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Well as everything goes cryptocurrencies have their own ups and downs, that being said it is much more theft-proof than regular fiat money but it's unpredictability could be a double-edged blade for anyone who owns cryptocurrencies. Moreso, the fact that it's intangible could be both a good and a bad thing since neither the owner or the potential thief could easily take hold of their specific money.

Bitcoin_bullish

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Bitcoin was created to fill a gap in electronic transactions.

There was need to cut the middleman (debit/credit cards, bank authorization), cut down times and secure transactions.
These could only be reproduced through a decentralized network that was up and running 24/7, with no chance of failing and no need to trust a 3rd party.

This is the problem that Bitcoin solves and there are social effects ofcourse but I don't think it can influence a change in human behaviour and provide solutions for social issues. Perhaps there are effects but they are uknown at the moment.

keeee

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Quote from: Boov on January 02, 2020, 08:19:39 AM

Quote from: airdnasxela on December 25, 2019, 10:13:54 AM

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.

That was the sad reality in this world. Crimes are everywhere and will always find their way to easily get money. I think a crypto base economy is also the same to fist base economy. What we need to do is be careful to those criminals who tried their best just to do crimes involving currency.

Butwhytho

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Quote from: joniboini on December 24, 2019, 12:26:36 AM

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.

Boov

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Quote from: airdnasxela on December 25, 2019, 10:13:54 AM

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.

jostorres

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Quote from: worldtraveller321 on December 23, 2019, 10:54:48 PM

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.

kotik085

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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.

cryp24x

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Quote from: acdc on December 25, 2019, 11:51:02 AM

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.

altcointalk14

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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.

Finestream

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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.

FaithInCrypto

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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.

bitbunnny

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Quote from: Edraket31 on December 25, 2019, 11:09:12 PM

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.

Astvile

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Quote from: worldtraveller321 on December 23, 2019, 10:54:48 PM

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?

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