I definitely think it's very useful and helpful to countries with a struggling and troubled
economy. Third world countries may greatly benefit from it. It may well be the one
thing that might improve people's lives and their way of living, once that happens the
economy improves and stabilizes. This creates openings and opportunities, to it's
citizens bitcoin offers more room and options to earn and even invest for their future.
Topic: Bitcoin can be useful for a troubled economy - page 40. (Read 33157 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
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, definitely it will be a good way to help other poor countries such ours to balance our economy. I truly believe that it will be a great solution someday.
because bitcoin is decentralized, so it will good if some country, which unstable economic, and try accepted bitcoin
Definitely, it is better to enhance and adapt bitcoin in all poor country because i believe that it would be a big help to them specially to their financial stability. In addition, it will be the solution for the unemployment status in their community. People may have the other way of earning profit with the help of bitcoin. And also it may help to the global crisis in the government Yeah, True indeed. Bitcoin and other altcoins is very useful to countries with troubled economy most especially on 3rd world countries where means and outlet of money is rare.
Bitcoin that is in good use will be a benefit for a country, but if it is used in bad things of course it will cause trouble to one country. We cannot say that it can be beneficial to a 3rd world country because in a 3rd world country not all people can use computers and have access to the internet, they are still relaying on fiat money.
Agree with you there - crypto is an opportunity, but that opportunity can be used for good or bad. I can definitely see how a decentralised currency would be useful in countries with troubled economies and Gvt corruption. But it is likely to be more effective in emerging economies where smartphone usage is very high (e.g., Brazil) but might be harder to adopt in countries where internet is not widely used at all.
With a deep sense of humor, Bitcoin can be so helpful and useful not only in troubled economy, also for individual Bitcoinners in Developed economies. If the troubled Economy Government can support Bitcoin and encourages client to study well and trade with caution in Bitcoin, Many of its citizens can have their ways out in Bitcoin trading and investments.
Yeah, True indeed. Bitcoin and other altcoins is very useful to countries with troubled economy most especially on 3rd world countries where means and outlet of money is rare.
Bitcoin that is in good use will be a benefit for a country, but if it is used in bad things of course it will cause trouble to one country. We cannot say that it can be beneficial to a 3rd world country because in a 3rd world country not all people can use computers and have access to the internet, they are still relaying on fiat money.
Bitcoin is very beneficial for troubled economies, especially in my country. Many changes occur after the existence of this bitcoin currency.
Changes can be seen from my friends, who previously had very bad economic problems, and after getting to know the bitcoin world they can meet their individual needs.
And I hope after getting to know this bitcoin world, it can bring change to my economy as well.
Changes can be seen from my friends, who previously had very bad economic problems, and after getting to know the bitcoin world they can meet their individual needs.
And I hope after getting to know this bitcoin world, it can bring change to my economy as well.
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
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 think that Bitcoin and more generally cryptocurrencies could actually help trouble economies, but the fact that Goldman Sachs is stating the same is slightly troubling me. Since when is Goldman Sachs interested in helping troubled economies?
Yes of course.. As far as i know there are countries that make used a new system of currency and a fast growing of using it.. aproximately 34,074/month of transaction has been made.. And as i see bitcoin is a great option for European businesses because it truly become global payment method for them, and maybe next in other country too
I also believe that Bitcoin can be used an alternative solution for conflict on economy of one's country. It can even lessen the unemployment rate of one's country however, it is just for temporary because bitcoin is volatile meaning if we depend on it the value of our money might change whether to pump or dump.
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
Absolutely yes, bitcoin can be useful for a troubled country if and only if, that country accepts bitcoin.If they are really in troubled but they have so much high pride and they didnt trust bitcoin much, then that mus t be a problem.So the decision of letting bitcoin be the answer for there trouble economy,its still there choice. 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
African countries are facing many problems from last so many years. Due to civil war, natural calamities their economies are devastated completely. Fiat currencies are devaluated to such an extent that they are not in a position to support economy. In such case bitcoin or cryptocurrencies seems to be the only ray of hope for them. That is why Bitcoin is trading at 40% premium in African countries. Nigeria, Ghana, South Africa, Ghana, Kenya Zimbabwe are the main bicoin user African countries.
because bitcoin is decentralized, so it will good if some country, which unstable economic, and try accepted bitcoin
With the rise of Bitcoin prices at the beginning of 2017, predicts that Bitcoin prices could soar,
Bitcoin prices are ongoing, in view from eight years earlier until now,
things are very surprising is not it?
Because Bitcoin is more promising.
This is very beneficial for the economy of the troubled person.
Bitcoin prices are ongoing, in view from eight years earlier until now,
things are very surprising is not it?
Because Bitcoin is more promising.
This is very beneficial for the economy of the troubled person.
That is an interesting topic and idea, and i can say that i agree with it. It is possible for bitcoin and other cryptocurrencies to bring some stability to other countries economy, and help people live a bit better. But on the long runs that country would need to deal with its problems, because crypto can not solve everything on its own.
I can understand situation, because in country where i live, if there was not for my earnings in bitcoins i would have harder life. Not much, but bitcoin provide some luxury which i could not have if there was not bitcoin and other cryptos.
I can understand situation, because in country where i live, if there was not for my earnings in bitcoins i would have harder life. Not much, but bitcoin provide some luxury which i could not have if there was not bitcoin and other cryptos.
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.
Bitcoin can't help it self, its doomed to fail because of Miners and PoW. Don't say non sense things, Token economy can help business and people because Tokens are hard wired to real assets.
And what are those "real assets" that you're talking about? Tether is supposedly linked to USD, but nobody can prove if they really have as much real USD as they're claiming. They should want to be transparent about it. If they really had what they are claiming it would only add to their legitimacy and increase the demand. So we have to assume something isn't right.
Financial backing always require proof and this makes the whole thing much more complicated. Dishonest people can lie, confabulate, fabricate...
Bitcoin can't help it self, its doomed to fail because of Miners and PoW. Don't say non sense things, Token economy can help business and people because Tokens are hard wired to real assets.
It is not that bitcoin cannot be upgraded, core protocol is not the final version of the coin. PoW has its own disadvantages but PoS is similarly flawed.Bitcoin can be a good store of value, there is no denying that fact, the only problem I can have with backing economy with BTC is the issue with volatility.
That being said - I would rather have bitcoin backing economy of a country that gold.
Of course it can. The way this works is a country that issues money is directly vouching for it. If its economy is booming so is the value of their money.
In case of troubled countries the currency becomes unstable and loses value to the point where it's no longer convertible to other currencies.
Bitcoin, although called unstable by the bankers, is still pretty stable when compared to some fiat currencies like the bolivar or the zimbabwean dollar.
In case of troubled countries the currency becomes unstable and loses value to the point where it's no longer convertible to other currencies.
Bitcoin, although called unstable by the bankers, is still pretty stable when compared to some fiat currencies like the bolivar or the zimbabwean dollar.
Bitcoin can't help it self, its doomed to fail because of Miners and PoW. Don't say non sense things, Token economy can help business and people because Tokens are hard wired to real assets.
Jump to: