Would a Crypto Based Economy Make Things Safer? - page 6.

Eugenar

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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.

With that it seems that you've just generalized cryptocurrencies as having a negative impact to the economy which could not impart positive implications. Why not to think of positive implications? then later we'll focus on thinking things that would lessen the risk of cryptocurrency as a tool of cyber criminals in the world. One idea I have regarding this is to conduct KYC so that we could be aware of the transactions created by the people with their cryptocurrency. In addition, we should also keep into considerations to regulate websites and to make sure there's no illegal selling of items there.

imutlinda

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actually depend again on the user, if people use it uncontrollably then there will always be evil and I think in life there will be evil and good, so in this context we must be able to choose and also defend ourselves. and if crypto is chosen then I think people will have to learn a lot of these basic things

salty

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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?

Your thoughts why or why not?

In fact, if you take the basic concept of many cryptocurrencies, then wealth should be distributed evenly.That is, it follows that at least the poor should not be.As regards crimes, both how they were committed by people, they will continue to be committed. Humanity cannot get rid of this ailment.As well as alcohol abuse.On each label with a bottle of vodka it is written: it is harmful to Your body.But still everyone uses it.So the point is absolutely not in the development of the cryptocurrency industry, but in the absence of the mind of many people.

bitcoindusts

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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 do not think that it will make things safer. All are susceptible to attacks and manipulation. Even if we use cryptocurrency, if the one running the scene is the same (government), it will make no difference. They can even make the blockchain private so I guess, we need to change our leaders first and implement new rulings that will make the economy safer from manipulations.

yulionoo

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I don't think cryptocurrency is a solution to the economic problem. cryptocurrency exists as an alternative means of payment and decentralized cryptocurrency allows us to fully control our money without government control. and using crypto doesn't mean the transaction process is safer. in cryptocurrency there is often fraud and hacking. so in my opinion crypto cannot be a solution of economic or social problems. cryptocurreency is simply the currency that we can use for trading and investing.

marcous

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but at least the crypto-based economy does not see in terms of the rich and the poor and who he is, women or men in the crypto world all have the right to make money. there is no difference here. but it's undeniable that bitcoin has changed someone's economy for the better I guess.

Edraket31

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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.

Lee01

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In as much as crypto ain't gonna make things 100% safer it sure would Increase transparency of transactions
Since all blockchain and cryptocurrencies transactions are automated and digitized, they are all tracked in a ledger and this cannot be manipulated by either people or companies, which largely reduce the risk of fraud and corruption. This means that developing countries also have a better opportunity of entering the financial transactions game and boost their own economy. citizens will be able to keep track of where state funds will be oriented and will thus have a say within their own political climate and when this happens it would be of great advantage to the people.

acdc

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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.

darkangel11

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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.

But it will still make it safer. Fiat crimes usually leave no trace. You break into a home steal everything and run. If you're not caught there on the spot you probably never will. Stealing from a crypto wallet leaves a trace and you will only be safe as long as you don't spend it. In a crypto economy with advanced KYC you will have to identify yourself with every purchase you make. This will make people unable to hide and open them to personalized advertising but it will also make it impossible to steal from them.

airdnasxela

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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.

slaman29

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Quote from: seoincorporation on December 24, 2019, 10:16:15 AM

I don't think this will work because a crypto-based economy doesn't mean the people will have more access to jobs or more access to money. The ones who work for fiat will be working for cryptos but the ones who decide to take the evil way will stay there.

A crypto-based economy will just substitute crypto for fiat, but think will be the same, the rich would stay rich and the poor will stay poor.

This is something people keep failing to understand. You don't just bring crypto into the country or state and expect everything just booms just because. Jobs and economies are not simply created, they have to be backed by needs for products and services first of all, which is what crypto should bring, as needful solutions and not mere promises of artificial creation of demand.

the rise

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Quote from: Youghoor on December 25, 2019, 09:10:40 AM

In as much that cryptocurrency introduces a decentralized environment, it does not really assure people that it is safe. The safety of the economy is solely rely on how people understand how the entire cryptocurrency ecosystem operates and its vulnerabilities. Once we understand these vulnerabilities, we can determine our safety using crypto. Cryptocurrency will make the entire economy transparent and make transactions simple and easy but the safety of the economy solely depends on the knowledge of people in the entire ecosystem..

on a micro basis all the advantages and vulnerabilities in crypto are still based on free will. all forms of intention for crime will still look the same. But globally there will be many who use it positively to remain in a sustainable ecosystem. to keep within the principle of safe limits, the role of regulators is still needed to anticipate negative things, there must still be a form of balance to create a new economic system in a healthy threshold.

Youghoor

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In as much that cryptocurrency introduces a decentralized environment, it does not really assure people that it is safe. The safety of the economy is solely rely on how people understand how the entire cryptocurrency ecosystem operates and its vulnerabilities. Once we understand these vulnerabilities, we can determine our safety using crypto. Cryptocurrency will make the entire economy transparent and make transactions simple and easy but the safety of the economy solely depends on the knowledge of people in the entire ecosystem..

Murat

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Basically, I don't agree with those people who believe that the Cryptocurrency based economy would bring a safe and sound economic system, due to the decentralization system, we can't control over cryptocurrency which is sometimes a curse for us, a lot of intentional manipulation creates people's afraid of investing and trading further purpose, I don't say that Conventional economic system is perfect, It's also a default system, There are also a lot of crime within centralization system, So now can you imagine, how much we will suffer when it is totally decentralized?

Oasisman

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Crimes exist with or without cryptocurrency. Fiat isn't the root of evil in this world, but it's the people itself. Do you personally think crime was made because of fiat money? No, I dont think that's always the gonna be the case. As you mentioned substance abuse, do you think all those who are influenced under these substances always needs fiat to satisfy their demonic needs?
Nothing would really change to the economic state if we fully adapt on cryptocurrency, but forcing banks to take extra step ahead to control the monetary gains of the retail investors in crypto space.

julius caesar

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I really do not think so. We all know that cryptocurrency works around the internet. Everything on the internet is vulnerable to hacking cases such as stealing of private information and use it to log in to your cryptocurrency wallet. In that case, they would be able to steal some of your money there.

maxreish

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It's nothing to do with it. I mean, yeah a bitcoin friendly economy will make our economy a lighter one with those crypto payments, etc but there are also disadvantages of it. As you know, bitcoin was also used in some "unlawful" acts and it does contribute to some problems because of it's anonymity. Others may say it will become a calamity instead of what anybody is expecting.

mikehersh2

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Quote from: hatshepsut93 on December 24, 2019, 10:15:17 AM

Crypto will make some communities more dangerous. With bank cards it's harder to rob someone, because there's a lot of countermeasures like withdrawal limits, added personal verification, and the victim can freeze their card at any moment. But crypto is much like cash, which is why we hear about armed robberies, home invasions and even kidnapping involving crypto. If everyone adopted crypto, criminals would have a much bigger pool of targets. This doesn't automatically mean that there would be more crime, but it can happen if other factors are there.

I totally agree^
Crypto may not make the world a more dangerous place, but it certainly won't make it much safer. With bitcoin, it becomes much more convenient for a criminal to make illegal purchases or steal with full anonymity. Items that one can purchase online via illicit sources/websites are much more accessible with crypto, and we see this manifesting itself in the dark web and other places. Crypto may give the individual user a sense of security, in terms of the safety of their money, but in terms of danger in society, crypto is probably not helping, and if anything, it can enable danger.

coolcoinz

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There's one thing I'd like to correct in OP's statement. You said that in fiat economy there's a lot of substance abuse and crime that comes from poverty. It's not always like that! Rich people abuse substances just like poor people. We frequently hear about celebrities dying from overdose or killing themselves in car accidents. Rich people are also gangsters and violent offenders. Saying that fiat money leads to poverty and poverty leads to crime is oversimplifying things.

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