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Topic: Would a Crypto Based Economy Make Things Safer? - page 8. (Read 1886 times)

sr. member
Activity: 1554
Merit: 334
First of all, cryptocurrency isn't a solver of slow economies. It won't magically close the gap between the rich and the poor. It could solve some corruption in the government through transparency, but it would pretty much be their own government-made cryptocurrency. There's also a reason why fiat is made inflationary. Here is a quote from Investopedia[1] that summarizes why it is ideal:
Quote
Ideally, an optimum level of inflation is required to promote spending to a certain extent instead of saving, thereby nurturing economic growth.

Which in basic terms, forces people to use the currency instead of just hoard it once the value is too high, because the latter would slow down or kill the economy.

Source/s:
https://www.investopedia.com/terms/i/inflation.asp[1]
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
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?

With regards to fiat, the only advantage of crypto currencies is not everyone can easily bypass it and steal it from other especially those people whom other labelled them as poor because it's kinda difficult for them to gather the resources and knowledge to do this hacking staff due to their standing in life.

But still, the possibility to be rob you is there as they can easily ask for your private key in exchange of your life so if there is a little chance of crimes then we cannot say that we can create a safer community. Though everything will always depend on the government on how they are going to fight this kind of problems in the community in order to give us the safer life.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
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.

I don't understand why some people are looking at cryptocurrency as some kind of miracle cure for different issues affecting the global society that we are in. No, cryptocurrency is not meant for that. Still, we should still thank this kind of interest with cryptocurrency no matter what. This concern is all about what can happen if more and more people will be adopting cryptocurrency and what if one day the global village is waking up to its massive adoption or use. I am sure that it can be a big game-changer but it does not mean that things as we know them now on other aspects of living aside from money, banking and finance can be changed for the better. We all are dreamers and certainly cryptocurrency can have some good roles to play but expecting too much from something may end up with some disappointments.

Probably, yes. It will help us to have a safer and faster transactions while paying or selling something. Maybe coins or a product, we can use crypto in shopping or eating in some restaurants. It has a lot of benefits and it is less hassle when our country adopts it.

Lesser crimes, holduppers will have nothing to do with the victim because all they will obtain is a gadget. Crypto needs an account for them to access it and that's a good thing about crypto, it is digital.
legendary
Activity: 2898
Merit: 1823
OP, not safer, just different. But it would remove one of the most powerful criminals and cartels in the world. The banksters/banking cartel.
sr. member
Activity: 625
Merit: 258
That will still make things continue the same way.
Since both currencies (Fiat and Crypto) have price fluctuations it means there will always be someone poor and someone rich on both sides.

Remember you can gamble and lose everything you have worked for and end up into being a robber even with Cryptocurrencies.
Asume you are someone trying to hack some Casino cause you lost something, that is still making you a bad person as same happens on real world with fiat.

You can not split both since they have a value on this world. Either virtual and real fiat.
member
Activity: 532
Merit: 41
https://emirex.com
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.

I don't understand why some people are looking at cryptocurrency as some kind of miracle cure for different issues affecting the global society that we are in. No, cryptocurrency is not meant for that. Still, we should still thank this kind of interest with cryptocurrency no matter what. This concern is all about what can happen if more and more people will be adopting cryptocurrency and what if one day the global village is waking up to its massive adoption or use. I am sure that it can be a big game-changer but it does not mean that things as we know them now on other aspects of living aside from money, banking and finance can be changed for the better. We all are dreamers and certainly cryptocurrency can have some good roles to play but expecting too much from something may end up with some disappointments.
legendary
Activity: 3080
Merit: 1500
A society and an economy is always built on a mix of social issus. everything can't be great and everything can't be bad! A balanced mix is what always exists in all societies and in every economic scenario!

So crypto can't make things safer. A crypto based community will  have its own flaws and own problems. Which can either be different than the current scenario or be same! Crypto will only make financial transactions more convenient to the common mass and nothing else!

Obviously, different people will see this matter differently but that's my take on this matter!
legendary
Activity: 2170
Merit: 1789
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.
sr. member
Activity: 1008
Merit: 355

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?


Personally, I do not believe that cryptocurrency can be the solutions to societal problems like crimes, substance abuse and similar things. What cryptocurrency is providing is the empowerment of the people away from the glaring control and influence of the government so that we can free from the ill-effects of government's tendency to print paper money anytime which is acutely robbing the people of the value of the money they are holding. Crimes will still be here and can even be enhanced by cryptocurrency because perpetrators will be thinking that they can easily go away with anything they do due to "anonymity" of cryptocurrency (they are not 100% right with this assumption, of course). As to substance abuse, there is no way that cryptocurrency can be able to deal with it. People will still be doing many stupid things even if they are dealing with cryptocurrency, the same situation if they are into fiat money. People will still have the freedom to choose right or wrong, to do bad or good things even if we are going to be under a cryptocurrency economy.
member
Activity: 512
Merit: 33
The Quest of the Best Information to the Solution
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?
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