it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.
Bitcoin might be an alternative for countries that have an unstable economy, but I don't think it can be for the long term. Because permanently have to paper money. Because the use of bitcoin with blockchain technology does make everything more efficient, so it can reduce unnecessary expenditure and avoid corrupt officials from doing the action. 
Topic: Bitcoin can be useful for a troubled economy - page 11. (Read 33157 times)
Bitcoin is definitely helpful for trouble economy now Venezuela is witnessing the same situation Venezuela now depending on cryptocurrencies for transactions
Why it doesn't work in Venezuela then? OK, they do not use Bitcoin but it's alternative Petri, but the situation is not changing as I see, if someone has anything to add or disagree with me feel free to tell your opinion on the situation in the country and their experience with national crypto.
Some countries with problem economies are already beginning to introduce Bitcoin as a means of calculation, for example, Venezuela.
To me it's kinda weird to think of BTC as of an alternative to national currencies. But I think it has the ability to help national economics, if those countries figure out how to use it right.
perhaps this will help to avoid problems with the waste of funds, because holders do not spend money at the time, while they wait for the growth of cryptocurrency
THis is obvious, or isnt it?
Bitcoin emerged as direct consequences after our regular finacial crisis , which should enebale us to sustain different economy, more stable and more true in its essence.
No money printing ny central banks and private banks. So yes, bitcoin helps and is a lifevest in troubled economical times.
Bitcoin emerged as direct consequences after our regular finacial crisis , which should enebale us to sustain different economy, more stable and more true in its essence.
No money printing ny central banks and private banks. So yes, bitcoin helps and is a lifevest in troubled economical times.
At the moment I understand this technology is still very new, so not many countries want to develop this technology, but if cryptocurrencies are used, it will be very useful for a country that has economic problems, such as countries in Africa and Asia that mostly have economic problems. Hopefully, in the next few years, we will see many countries that use cryptocurrencies as a payment or just as an investment.
Goldman Sachs: Bitcoin can be useful for a troubled economy
According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.
Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.
Goldman Sachs experts: crypto-currencies can help the troubled economy
I'm not sure that btc could be useful for unstable economies as a means of payment for that simple reason that btc is extremely volatile itself. The way I see it is that bitcoin could help to increase the people's income and thus bring more money to the economy. According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.
Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.
Goldman Sachs experts: crypto-currencies can help the troubled economy
it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.
I hope so. Because as of today, we're still living in the traditional banking system which is centralized. Without a doubt, cryptocurrencies like Bitcoin and Ethereum has proven to be viable alternatives against the current financial system. With their decentralized design, anyone can own a share of these cryptocurrencies without fear of downtime or censorship. But, centralized fiat money still has the lead, probably because they're backed by central banks and governments.
These entities have been carefully researching blockchain technology, to migrate their existing solutions into a global distributed ledger which is secure, fast, and transparent for anyone to audit. Due to the success of the Bitcoin blockchain, many people have used it as an alternative currency for troubled times. But, I think that once fiat money transitions to the blockchain, then cryptocurrencies would serve no purpose at all.
These institutions behaved like a sales representive of globalization for decades, developed countries gain a fortune from globalization, and most of the others became poorer except a few countries like China. Now, look at USA is doing to China to keep it poor. I think, it is not the right time for developing countries not to use their own currencies because they could totally lose their control on their economy.
it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.
It is certainly great that cryptocurrency is so highly appreciated, but I think while the time has not yet come to accept it as a replacement for the national currency. I think the process will be slow but sure. Only the most progressive will be able to start the process, maybe Japan, the USA, China, European countries, perhaps. But it will accelerate them very much in development and further countries will follow them - they will see a great benefit.
We've seen Bitcoin as a popular cryptocurrency during the past years. As such, it'll slowly gain traction and mainstream recognition as governments apply regulations to legalize the crypto industry. Since Bitcoin is an alternative currency to fiat, it's the perfect store of value for anyone around the world to enjoy. There are no limits on how to use or acquire it, since Bitcoin was designed to be decentralized after all. For this and many other reasons, Bitcoin is extremely useful for a troubled economy.
Venezuelans have already adopted Bitcoin as an alternative currency to fiat, and people from other countries too. Therefore, I think that in a few more years, Bitcoin would've become so popular and useful that it could displace Gold as a store of value, and possibly fiat as a medium of exchange.
It is certainly great that cryptocurrency is so highly appreciated, but I think while the time has not yet come to accept it as a replacement for the national currency. I think the process will be slow but sure. Only the most progressive will be able to start the process, maybe Japan, the USA, China, European countries, perhaps. But it will accelerate them very much in development and further countries will follow them - they will see a great benefit.
Practically yes, Bitcoin can be a major boost for the economy of a country. With Bitcoin, there is financial satisfaction for everyone as the people get to earn profits for holding Bitcoin. The money will be circulated among the people without any central authority dictating the inflow and outflow of money. Bitcoin generates job opportunities which will further boost the economy.
Yes sir! Bitcoin enables many job opportunities that were never thought possible with fiat currencies. Since it provides freedom to anyone who holds it, it's possible to do much more than with traditional currencies such as the Dollar or Euro. In countries where the economy is collapsing, Bitcoin serves as the perfect alternative currency that's a store of value just like Gold. As the cryptocurrency grows in adoption and usage, you could expect for its demand to rise eventually resulting in an uptick in price over the long term.
Many governments have realized the true potential and benefits of Bitcoin, which explains why they have been against it for quite some time. Some have imposed regulations to help protect investors' funds, but others have completely banned its usage since it's a threat to their economic system. But in the end, as more people realize that Bitcoin brings a lot of wealth opportunities, governments would have no choice but to accept Bitcoin as a legal form of payment for taxing purposes.
All in all, Bitcoin is useful for a troubled economy as it's the Digital Gold of the 21st century.
Pretty true. Zimbabwe is a very good case study and for those who really knew about this country's economy, they would know how shitty it has been for a very long time which made their currency to end up being scrapped and with the government policies and all that has limited the people from being able to make international transactions, bitcoin has really been the best option for the citizens and it has been of huge help for a lot of them. Goldman sach is very right!
This is a great information to know as it is an evidence how bitcoin would really help a trouble economy. And with that, I think here in our country, it would also have the same effect. I think we should maximize the idea that it could be a solution to problems we are facing in our own country in terms of economic aspect. yes of course this bitcoin can be one solution to the existing economic problems because with bitcoin all transactions can be safer and faster and the economy will also be better.
If work is not available, the use of bitcoin is also useless. Because bitcoin as a means of payment has several effects if the troubled country intensifies natural and human resources to create jobs. Bitcoin provides added value to state finances, but bitcoin cannot be an instant solution, everything must go through the recovery process 
yes, bitcoin is very useful for troubled economy. but you know that not all people know about bitcoin? i think just middle and high society that know about bitcoin. its mean we need to spread crypto knowledge to all people, in many village. many job available for al people
For me bitcoin is the beginning of the end of central banks and fiat currencies. It's time for economists to wake up that there is more to human motivation than profit! As she discuses the proliferation of open source. Beyond bitcoin are the introduction of etherium protocol with its smart contracts and the bancor protocol with liquidity all built on block chain. The introduction of local currencies will democratize money in a completely new way.
Venezuela is on this. so far it does the job. until then.
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