Post
Topic
Board Bitcoin Discussion
Re: Would a Crypto Based Economy Make Things Safer?
by
CarnagexD
on 03/01/2020, 16:14:42 UTC
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?

The rich can always buy all they want while the poor cannot and had to find ways to accumulate more, nothing will really change just because they implement Cryptocurrency into their system, and a criminals will always commit a crimes because a criminal has a mind of criminals even if they are rich or poor, we are still going to rely on the government for peace and order.
sometimes the government is needed to control the ecosystem in a country, without people who can make good arrangements, chaos will occur. actually back to the people who use crypto, do they want to seek profits in the normal way or even make fraud and we still need the government to make fraud afraid of the rules.

But a cryptocurrency is not that hard to regulate in a certain country if the government is knowledgeable and know the benefits of it. They will never let a chaos occur as long as they manage it properly and let the citizens use a crypto in normal way. It is normal for the government to ask benefits from something that they know when money is involved.
As everything goes it has its pros and cons, advantages and disadvantages that could put everyone in shambles or success. We have to consider that cryptocurrencies like bitcoin are highly volatile which makes it untrustworthy to invest the government's funding on. But on the other hand, it is safe due to the fact that it is intangible and centralised, making thievery much harder to execute. If only there is a type of currency that is not as volatile as bitcoin and is secure, then future governments can consider putting up a cryptocurrency-ran environment