It's has now become a survival arena place for many in place since we have suffered many lacks of job opportunity, the government has pushed harder to eliminate cryptocurrency from the public but the youths don't have an alternative as there are no jobs, the number unemployment in the country is higher than the available jobs that's why everyone has embrace crypto as safe havn.
The last time I check, even the politicians are also having big investment in coins like bitcoin, ethereum, and bnb. Crypto is run literally by every housjere I think.
Topic: Bitcoin and non-formal workers - page 2. (Read 321 times)
In my country trading and investing in crypto is legal so I know a lot of government workers who also have income from crypto. But if we are talking about blockchain developers, all of them work in private companies, as the government in my country don't consider crypto as a good economic tool for refinancing loans or means of payment.
It's better to inverse in bitcoin for the short period to get good profit in January. Every year is time to add up your investment with some dollars. Keep do it, untill it reach of of 1 Bitcoin. Which is essential one for our life.With this your life will be settled in future. You can get profit at many times using this holding 1 bitcoin. Whenever you need of money
I know that bitcoin is not only made for certain circle where the type of work is a barrier to owning or trading it. I only speak according to the circumstance around me where people I know both online and offline state that generally they are not civil servant. I also think that civil servant in my country have never been prohibited from owning bitcoin or trading them, it's just that the government enforce the same rule for the whole society regarding the prohibition of bitcoin which we cannot use as legal tender.
As far as I know my country doesn't prohibit civil servant from owning bitcoin or crypto, but the amount may be small based on people I know make me a little curious how this is happening in your country and the people you know. I can honestly say that some of the public servant I spoke to about bitcoin and crypto were not interested in knowing more about this digital asset. Few have thought about investing that might ask more, while others just say yes without wanting to know much.
There is none in my nation, there is no law stating that civil servants in my nation can't own bitcoin, in fact there are even few government related branches (minor) that used their funds to buy bitcoin so that they could profit from it (usually pension funds). However that doesn't suddenly made everyone jump into bitcoin neither, that doesn't really change much. I would say that it is definitely something good but that doesn't mean that it is perfect, it is just "decent" way of approaching crypto by the government.As far as I know my country doesn't prohibit civil servant from owning bitcoin or crypto, but the amount may be small based on people I know make me a little curious how this is happening in your country and the people you know. I can honestly say that some of the public servant I spoke to about bitcoin and crypto were not interested in knowing more about this digital asset. Few have thought about investing that might ask more, while others just say yes without wanting to know much.
What you could however do is making a law stating that banks could act as crypto exchanges if they want to (and crypto wallets basically since exchanges hold crypto anyway) and then watch crypto grow to 100x size of right now. That stage of crypto in the future will be the greatest thing ever and I know that it will come, probably soon as well.
What a person does in this private space is not something that the government should bother him about, there is some privacy in some places but at the same time there are countries who are actually very involved with their government workers since this defines their overall financial support and state in a way. There are mayor's urging to recieve their salaries in Bitcoins and at the same times there are presidents making statements *to not involve with cryptocurrencies like bitcoins*
Therefore I do think that this question is basically dependent on where you live. For me, my home country India, I did not personally find any government official engaging with Bitcoins since they were for a fact more dependent on the government and the government doesn't really like bitcoins much, people tend to focus on gold and more traditional investments as well in India.
Therefore I do think that this question is basically dependent on where you live. For me, my home country India, I did not personally find any government official engaging with Bitcoins since they were for a fact more dependent on the government and the government doesn't really like bitcoins much, people tend to focus on gold and more traditional investments as well in India.
For now I am starting to have doubts about what is happening in my country because indeed some time ago there was something that did cause crypto to be one thing that was not allowed religiously (not legally) and indeed many people in my country consider that crypto is included in the one of the tools of gambling and terrorists (as the news often heard some time ago).
on the other hand for now, what I know most of them are indeed working as non-formal employees and only in ordinary social work but some of them are still in the milestones of government even funny there are some of my friends who do work in banks but do not trust the system they are working on at this time and choose crypto.
this is of course not how we work whether formal or not because in my personal opinion it doesn't really matter and crypto is a choice whether we want to be there or not.
on the other hand for now, what I know most of them are indeed working as non-formal employees and only in ordinary social work but some of them are still in the milestones of government even funny there are some of my friends who do work in banks but do not trust the system they are working on at this time and choose crypto.
this is of course not how we work whether formal or not because in my personal opinion it doesn't really matter and crypto is a choice whether we want to be there or not.
If you don't mind, I'd like to know how you came about such numbers/statistics that people who are not civil servants are more in the network than those who are.
I know that bitcoin is not only made for certain circle where the type of work is a barrier to owning or trading it. I only speak according to the circumstance around me where people I know both online and offline state that generally they are not civil servant. I also think that civil servant in my country have never been prohibited from owning bitcoin or trading them, it's just that the government enforce the same rule for the whole society regarding the prohibition of bitcoin which we cannot use as legal tender.As far as I know my country doesn't prohibit civil servant from owning bitcoin or crypto, but the amount may be small based on people I know make me a little curious how this is happening in your country and the people you know. I can honestly say that some of the public servant I spoke to about bitcoin and crypto were not interested in knowing more about this digital asset. Few have thought about investing that might ask more, while others just say yes without wanting to know much.
That means that the policy regarding cryptocurrencies still has leeway for anyone from formal circles even those associated with institutions to own Bitcoin in any amount. Is there a tax set for these civil servants? Could one of the public servants evade wealth tax into Bitcoin as a safe haven from investigating the assets they own?
If you don't mind, I'd like to know how you came about such numbers/statistics that people who are not civil servants are more in the network than those who are.
I know that bitcoin is not only made for certain circle where the type of work is a barrier to owning or trading it. I only speak according to the circumstance around me where people I know both online and offline state that generally they are not civil servant. I also think that civil servant in my country have never been prohibited from owning bitcoin or trading them, it's just that the government enforce the same rule for the whole society regarding the prohibition of bitcoin which we cannot use as legal tender.As far as I know my country doesn't prohibit civil servant from owning bitcoin or crypto, but the amount may be small based on people I know make me a little curious how this is happening in your country and the people you know. I can honestly say that some of the public servant I spoke to about bitcoin and crypto were not interested in knowing more about this digital asset. Few have thought about investing that might ask more, while others just say yes without wanting to know much.
I have been here and around people who support this growing industry such as traders, investors and bounty hunters and others. One fact about these people is that 90% (maybe more) of the people I know who support this industry are not formal workers who usually work as government employees, but they are non-formal workers working part time in some real businesses. There are only 2-3 out of 20 people (not the actual number) who are formal workers as government employees who are currently still trading crypto at my place to this day while the others are non-formal workers. What about those you know in your country, does this happen in your country and the people you know? I don't think there are any restriction governing formal workers involved in this industry as investors or traders.
Well, maybe that’s for your friends. There are many people who are civil servants are still buying and selling cryptocurrencies. There are no specific people that this bitcoin is meant for, it is meant for everyone.Maybe you don’t have much friends who are civil workers? Because, it can be possible that most of the friends you have are not, and that’s why you’re thinking such. There isn’t really any way that you can prove that the number determines how it is in the cryptocurrency community, because there are so many people here who are involved in different areas of life.
In my country trading and investing in crypto is legal so I know a lot of government workers who also have income from crypto. But if we are talking about blockchain developers, all of them work in private companies, as the government in my country don't consider crypto as a good economic tool for refinancing loans or means of payment.
I doubt this stat for my Country though because at the long run it has no effect on Bitcoin.
From my little experience, people who are interested in area like trading are often those who are self employed looking for additional sources of income or those without a job especially students and house wives. I'm not sure I have met any government worker who is interested. Where I live people are mostly self employed. It's not very common to find government workers... people are usually self employed or working for owners of small/medium scale businesses or companies.
In my country we have had several treat regarding crypto trading, investment, bounty and air drops and the closed watched are government workers but so far their treat is becoming empty treats because crypto is becoming a new empowerment scheme even by the so called government operatives. Many non-formal workers no longer strive for government jobs since crypto gives them ease to earn at their own comfort
In third world countries it's true since most of employer already grateful with their fixed income and scared to invest in volatile asset. While freelancer is more up to date about any opportunity to make more money, of course if Bitcoin and cryptocurrency often appeared if you search "How to earn money online" in google.
While in first world countries either employer or freelancer it doesn't matter since they have a better mindset to manage their money.
Do not forget with some countries has no internet access, of course he will never know what is Bitcoin.
So it's really depends on where you live.
While in first world countries either employer or freelancer it doesn't matter since they have a better mindset to manage their money.
Do not forget with some countries has no internet access, of course he will never know what is Bitcoin.
So it's really depends on where you live.
Op, can you clarify what you mean by formal and non-formal workers? Do you mean whether a person is employed by the government or whether the person has a job with taxable income? In my country, we use the terms 'official employment' (any employment for which the taxes are paid) and 'unofficial employment' (any employment for which money is received, but no taxes are paid). Is that what you meant as well, or is it about private vs government sector as some understood? I believe most people who do something with cryptos in my country or work for crypto businesses do that unofficially, but some of these people also formally have a different official job with a salary that is being taxed, so in this sense they are officially employed as well.
In my personal opinion, maybe what is meant by formal work according to the OP is work that has a decent monthly salary according to the minimum wage in the country [government agencies/civil servants and factory employees] or business people while non-formal are labor and private workers who tend to earn less. uncertain. and as the OP stated; the people I know and join here are mostly non-formal workers, maybe because I am a middle class person so I hang out with them a lot, whether it's the other way around 
Op, can you clarify what you mean by formal and non-formal workers? Do you mean whether a person is employed by the government or whether the person has a job with taxable income? In my country, we use the terms 'official employment' (any employment for which the taxes are paid) and 'unofficial employment' (any employment for which money is received, but no taxes are paid). Is that what you meant as well, or is it about private vs government sector as some understood? I believe most people who do something with cryptos in my country or work for crypto businesses do that unofficially, but some of these people also formally have a different official job with a salary that is being taxed, so in this sense they are officially employed as well.
In my country people haven't heard about it two years back. Now people in any business has got basic understanding as bitcoin is much advertised. People to whom I introduced about cryptocurrencies, but haven't made an investment are now feeling bad about their decision. It is true that 90% of the people into the crypto industry are informal workers. In my country one out of hundred seems to be the people into cryptocurrency, with the city people it could differ as 50 out of 100 into cryptocurrency.
Well, the same thing is with me... most of the people I know heard about crypto from me, and just a few of them get more involved, but nothing seriously! I know some guys from the Serbian section that are in crypto seriously for years and that's it! Like in most other things my country is a few years behind the world, so nothing strange about that!
In the last two years, crypto gained a lot of visibility, now it's in newspapers, on TV... Bitcoin is breaking records, Bitcoin dropped a lot, etc... but people read it and ask more questions than before, definitely regretting missed opportunity!
I recognize you as one of the Indonesian users based on your posting history, maybe that's enough to identify how the government regulate bitcoin and cryptocurrency for everyone regardless of what job they have.
Indonesia is known to be friendly with bitcoin and cryptocurrency for a long time and this is an important reason why many people are involved in this industry both as traders and investors and other things that support it. There are many communities spread across Facebook and they have group like the Indonesian trader community and so on so it's only natural that you get to know these people in the real world and online and know what their real work background is.
But so far in my opinion there is no rule that prohibit government employees from being directly involved in this industry but there may be special rule from some agencies such as banks that prohibit their employees from being involved just because bank do not like decentralization. But in general there is no limit saying that Indonesia prohibit government employees from entering the industry as a way of making profit outside of their original job. At least that's what I know about the rule.
Indonesia is known to be friendly with bitcoin and cryptocurrency for a long time and this is an important reason why many people are involved in this industry both as traders and investors and other things that support it. There are many communities spread across Facebook and they have group like the Indonesian trader community and so on so it's only natural that you get to know these people in the real world and online and know what their real work background is.
But so far in my opinion there is no rule that prohibit government employees from being directly involved in this industry but there may be special rule from some agencies such as banks that prohibit their employees from being involved just because bank do not like decentralization. But in general there is no limit saying that Indonesia prohibit government employees from entering the industry as a way of making profit outside of their original job. At least that's what I know about the rule.
What about those you know in your country, does this happen in your country and the people you know? I don't think there are any restriction governing formal workers involved in this industry as investors or traders.
first in my country there is no limit for those who want to stay up late crypto. it is allowed for those who work in government or not, formal or non-formal. all open to the public, there are no regulations that prohibit or limit it. but if you look at the age, probably most of the crypto traders in my country are around 24-40 years old. and the highest average is at the age of 27-30 years. 
I guess OP has drawn rough analysis from the people around him, and i can quiet say that the same is the case for individuals around me as well, that is the bulk of individuals with an interest in bitcoin and cryptocurrency are those not necessarily without a formal education, but those without formal high paying jobs. There is a high rate of unemployment and poverty in my country, people have been forced to become entrepreneurs and small business owners, the money realised sometimes from business and entrepreneurship may not be sufficient to create the dream life that one dreams of, so there is the motivation to seek for more opportunities, and bitcoin creates such to level the playing field with those that have high paying formal jobs who already have a better life, and not necessarily considering or seeking opportunities elsewhere.
There is also another perspective to view this, that is you will have less formal office people in bitcoin trading particularly because the job they already have steals their time, and they may not have the time to monitor the market.
There is also another perspective to view this, that is you will have less formal office people in bitcoin trading particularly because the job they already have steals their time, and they may not have the time to monitor the market.
In my country people haven't heard about it two years back. Now people in any business has got basic understanding as bitcoin is much advertised. People to whom I introduced about cryptocurrencies, but haven't made an investment are now feeling bad about their decision. It is true that 90% of the people into the crypto industry are informal workers. In my country one out of hundred seems to be the people into cryptocurrency, with the city people it could differ as 50 out of 100 into cryptocurrency.
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