Topic: Bitcoin can be useful for a troubled economy - page 20. (Read 33128 times)

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

Yes ,bitcoin can be useful for troubled economy especially the unemployed people , for they are limited in buying goods which is part of the economy and business, because this people have no income , if they are introduced to bitcoin forum  ,so they might be earning income and have some money to sustained for daily needs , as a little things ,bitcoin can help in this economic situations .

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

Bitcoin can be used if the economy has a lot of government restrictions and it is the only instance of fiat money that is causing all the troubles., now mostly the cause of a troubled economy is corruption with the blockchain network the corruption problem can be solved,

yes it can be useful and it can really help but this can be implemented in the future if problems regarding cryptocurrency are fix. just like he said the manipulation of prices if their is no fix price it will be a big problem. and not all can used this because some lived in rural land with no electricity and with those poor people too.

In my opinion, that's right. We need a world currency to import and export and its only the virtual currency which is bitcoin. There are many lives that has been change because of bitcoin, even undergrad are welcome into this.

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

with bitcoin we can find a fairly decent income and the results obtained from bitcoin can help someone who is mired in the economy. So he's just from the economic downturn and indeed very many people who are already in bitcoin are getting better in terms of economy

The problem for governments is that it is going to fuel the bitcoin economy but what they can get out of it is going to be very little since they have no way to know that all of that economic activity is taking place in their country but people are going to benefit from it, but the bad thing is that governments prefer that their citizens remain poor and controllable than rich and free.

If some country's economy is in difficulty it is possible for bitcoin to enter and it will lessen the difficulty as well as they will contribute to the development of that economy just like what bitcoin was. do 2008

I think so. Bitcoin can be useful for building a country's strong economy. Why bitcoin can be useful for the economy? I think there are people who work in this field of cryptocurrency and that certainly reduces the number of unemployed in a country. So of course bitcoin helps the economy.

That's true! Indeed, Bitcoin is not dependent on any bank, government, or centralized entity whatsoever. It's the people's money where anyone regardless of their age, political status, race, or gender, can participate in it without restrictions or limitations. Whereas real world currencies require ID verification most of the times (especially when dealing with them online), and are subject to inflation, cryptocurrencies like Bitcoin are all the contrary making them the ideal haven to protect your capital against undesired events in the real world.

Bitcoin resembles Gold in the way that its value is not determined by a central authority, but rather its scarcity in supply. With a deflationary model, a supply of no more than 21 million coins in existence, and unparalleled security, Bitcoin is an extremely useful currency for a troubled economy. In times where there's political conflict, war, or government disputes, people would turn out to decentralized cryptocurrencies like Bitcoin to help protect their capital. And even if countries decide to ban it, they'll never be successful in removing it from circulation as Bitcoin lives across the internet. Therefore, the whole internet would need to be shut down, for Bitcoin to cease to exist, making it the perfect alternative to real world currencies we're accustomed to.