Topic: Would a Crypto Based Economy Make Things Safer? - page 7. (Read 1791 times)
What if the economy revolved around a smart contract and the smart contract had a bug in it that a hacker can explore to drain the economy. Whether Crypto or Fiat, it is just a store of value. You still have to have systems in place to maintain and secure that value.
when crypto be economic system, im sure there is poor and rich people. we already have the rich and poor people in this crypto world, and when enlarge the scale, it not give much effect on that different, but maybe will helped by bitcoin. like the advantages of bitcoin will spread significant, not only for investment but they will use bitcoin like a bitcoin
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?
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?
Before the crypto market ever existed we already have fair markets where not only the rich can invest but also the poor from forex to the stock market there are no restrictions to who can invest in it yet does this solve the crime rate going down? No because even if there are more fairer investment vehicles created for their country it won't be the solution to solve the crimes from happening. Opportunity to become rich here is not the problem because poverty and inequality in society is. Not until we figure out how to solve the main roots of these problems we can solve or even lessen the crimes from happening in our country.
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?
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?
Crime is linked to poverty. Outside of mental illness, it's a socioeconomic issue, not a matter of technology or the type of money being used. In other words, cryptocurrency doesn't address the sources of poverty -- namely maldistribution of property and capital.
Inflation makes us poorer, but it makes everyone equally poorer, so eliminating inflation still doesn't address the fundamental issue.
Cryptocurrencies are not something that can help everything for human life. You have to limit your braind when you look cryptocurrency. Just think that cryptocurrency is money and you can use them for transaction such as fiat but when you use it you'll have more compinent rather then when you use money fiat.
Beside of that, I'm sure cryptocurrencies won't help anything. I agree with someone who says in above that community culture will be created by the people who life in the community itself. You can't be sure that the community will give a good thing or the bad thing.
Beside of that, I'm sure cryptocurrencies won't help anything. I agree with someone who says in above that community culture will be created by the people who life in the community itself. You can't be sure that the community will give a good thing or the bad thing.
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?
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?
If you mean wealth redistribution, the answer is no. But, it can trigger better economies, that will eventually improve conditions of life to everyone. If, only if, they adopt Bitcoin and with it, the Austrian school of economy.
Until then, the world will still be plagued with bubbles and their nasty pops, of whom only a select few survive. By going Austrian, things would slow down, and what little is gained, is solid. Much like Bitcoin's price, the slower it gains, the better.
Substance abuse is probably unrelated as this occurs in all levels of society. You could bring the legal/illegal discussion in another thread (there is one or more in offtopic or politics iirc).
I hope that this will happen. But you need to think through this system to the smallest detail, so that it was safe and did not have backdoors.
Some of the crime commited worldwide are not even commited for monetary gain and many people who abuse drugs are among the upper echelons of society and it is no news to see celebrities who are under the influence of one substance or another and some even dying from overdose of those substances.. my point is that while a fair and equal financial society might greatly reduce crime, it definitely wouldn't stop it entirely because some people do it for the thrill.
Additionally I don't think that this equal financial society can be done with bitcoin because Bitcoins total supply is just 21million and there are billions of people world-wide and majority of the bitcoins in circulation are held by few people compared to the world's total population.
Additionally I don't think that this equal financial society can be done with bitcoin because Bitcoins total supply is just 21million and there are billions of people world-wide and majority of the bitcoins in circulation are held by few people compared to the world's total population.
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?
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?
My thought is it would reduce state-based violence. Banks won't be too big to fail anymore because you can be your own bank. The state can imprison you but they can't access your hard-earned money.
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.
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.
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 think cryptocurrency will help bring in competent people into the running of societies. But it runs the risk of being handed back to incompetent people in the future. Hopefully this won't happen.
I have no doubt in my mind that poverty reduction and other societal problems will be better handled on decentralized systems. To be honest, fixing most societal problems shouldn't take more than two years.
Poverty can be eliminated without budget
. . I mean running things on just ideas and policies. Many failed politicians are imposed to create poverty. You could be destroyed quickly for actually fixing things or doing things right. I think it's best to fix things anonymously and in decentralized manner
I have no doubt in my mind that poverty reduction and other societal problems will be better handled on decentralized systems. To be honest, fixing most societal problems shouldn't take more than two years.
Poverty can be eliminated without budget
. . I mean running things on just ideas and policies. Many failed politicians are imposed to create poverty. You could be destroyed quickly for actually fixing things or doing things right. I think it's best to fix things anonymously and in decentralized manner
Just check how many hacks were in 2020. I dont think that crypto may be really safer
Not necessarily that the economy based on cryptocurrencies is safe and there are many cases of scams. But cryptocurrencies help the economy thrive. Countries with strong economic growth have very high participation in cryptocurrency investments. Cryptocurrencies trade quickly, costly, and high profits.
The only thing that the crypto industry can do is to help innovate our view of our current technologies. with the help of cryptocurrency, we can solve the problem with the inflation of other big countries to the other 3rd countries by suffering from boycotting their national currencies. with the help of crypto, their kind of bullying will no longer work.
Its actually depends on how the factors affecting the growth of the economy respond and put their efforts to make the said economy better. Because wealthy and developed countries with the best regulation will just make their economy shaken with the intrusion of cryptocurrency when people suddenly forget the essence of their crypto. Though, with the said negative effect to their economy, it will surely undergo to market correction because I'm pretty sure, these rich economies have brilliant people and leaders as well, they know what to do to this kind of situation.
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?
If people are going to treat crypto as sound money then everything will be the same with fiat system. So it doesn't makes any difference at all. Even today we have seen reports of criminals being caught because they scammed someone, or terrorist, underworlds entity using crypto to hide their track.
So with that said, crypto is not the solution and not the magic bean that will totally solved the problems around communities or the world itself.
The only thing that the crypto industry can do is to help innovate our view of our current technologies. with the help of cryptocurrency, we can solve the problem with the inflation of other big countries to the other 3rd countries by suffering from boycotting their national currencies. with the help of crypto, their kind of bullying will no longer work.
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?
Everything that is use for good will result good same with bad will result bad. If one user intends to use crypto in illegal then it's their choice. It will all depends on how we will use it as we are the one who decide in the effects of this crypto to us. It is helpful in many ways in doing transactions and transparency but also helpful to others to do illegal stuff. Your thoughts why or why not?
No system is perfect and so the crypto business won't be too. It's even obvious from the look of this that the escalating number of altcoins we have are as a result of Bitcoin's failure to address all issues relating to transaction. Again, no system has completely wiped out crimes. Fait hasn't been able to solve all that and I don't expect that the cryptocurrency industry can.
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?
If people are going to treat crypto as sound money then everything will be the same with fiat system. So it doesn't makes any difference at all. Even today we have seen reports of criminals being caught because they scammed someone, or terrorist, underworlds entity using crypto to hide their track.
So with that said, crypto is not the solution and not the magic bean that will totally solved the problems around communities or the world itself.
Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?
look at this section:
Scam Accusations
And look at this:
Is Plustoken scam about to dump eth 105m moves to unknown wallet
19 year old suspect charged with 1 million crypto heist via sim swaps
crime will always exist
substance abuse? etc?
it has nothing to do with cryptos... it has to do with social and psychological problems
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