Bitcoin - Can it boost or break a countries economy? - page 10.

chengyinoing

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Quote from: Kakmakr on September 19, 2017, 03:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

Much of the concern about bitcoin is about its threat to the French currency. However, at present, it is difficult for bitcoin to become a daily payment currency due to the constraints of transaction throughput, scalability and other factors.

However, with the continuous development of technology and the constant friction between digital currency and the existing economic system, digital currency is likely to play a role in the global monetary system. The advantages of digital currencies will increase the volume and efficiency of global financial activity.

heartwreck

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I believe that it can boost economy of the country thats why pacquiao are also planning to have his own coins to be establish.

patimahsunda

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Bitcoin will certainly increase the economy of a country. Because there are some people who become bitcoin as their job and can help the economy of each individual. So bitcoin certainly helps also in handling the economy of a country. That's just my opinion only and there are still many important aspects in this regard.

Boh manok

member

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If I think this bitcoin will be able to improve the economy of a country because of the existence of bitcoin people are able to earn a considerable amount of bounty Bounty available in the forum and for those who have the capital can trade and mining, and the country can take tax from the bitcoiners will thus increase the income of the country.

Lehbane

newbie

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Either way, when you use your money that you earned from Bitcoin you are helping few points on your country's economy since you are letting your purchased be tax and this tax will go to your government funds for developments projects like road,. School, community building... It helps. The economy not causing it to break out or something.

HaXX0R1337

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Quote from: trand on May 22, 2018, 07:05:21 AM

Bitcoin does not have the authority or anything to break or boost a country economy. It can only help or destroy individuals only. The government, in general, control most of the thing in the country and they know how to stop economic crisis as well as improve the ecosystem

I am not sure how bitcoin would destroy any individual, the governments around the world could control the flow of money in this market and they can monitor everything if they can come up with a regulation, i am not sure whether a market could help any economy when it comes to economic crisis, bitcoin provides a better solution as a payment solution and that is the biggest advantage of bitcoin.

Osakrita

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The amazing benefits of bitcoin and other cryptocurrencies can not be over-emphasized.It will be a boost to the economy of any country that has a positive tolerance for cryptos as crypto-currency based project can take roots in such countries. Governments may not have full control over it as they do with fiats but can benefit by way of taxation if the necessary modalities are in place and exchanges are closely monitored

xbl1008

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If bitcoin or other crypto is widely accepted from your country it does contribute a lot to the economy because it is bringing money to your country making its economy better and prosperous. But before that happens you need a community whereas they are knowledgeable in crypto on its uses and its operation just the basics will do.

mrsimons121

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Yes bitcoin can boost economy of a country because there are so many ways it has helped people in term of earning money.

ivakar

hero member

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I think that if a crypto currency, will be avail in the country as an alternative to the country's main fiat money, then I guess those crypto currency will be able to contribute to the country's economic growth, which is a good factor I believe. Let's take a look for example to Japan, where use of crypto currency gave an increase to the economy of the country of 0.3 percent for the lest year.

wasaisisisi

newbie

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I think bitcoin can boost the economy of a country that receives bitcoin. Because I think bitcoin is very helpful to change the economy of people who use it.

yoseph

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Quote from: Altcoindealer on June 03, 2018, 10:58:42 AM

I think bitcoin can boost the economy from a country. You see there are a lot of countrys who have a currency, which has just no value. So countrys with hyper inflation can of course profit from a cryptocurrency like bitcoin who is international accepted and has real value. But i dont think that a cryptocurrency can break any economy.

There is no way that Bitcoin can break the economy of any country. Any country that cites this particular reason as why they are banning the currency doesn't have a clue to what they are talking about.

Telogodok

newbie

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Quote from: Dancobit on May 16, 2018, 06:28:26 PM

For a country I think it has not gotten there, because a lot of consideration should be considered about this bitcoin as the price fluctuates when the price drops drastically should gimanq, if it goes up, I think ga need to be explained .. so bitcoin is more suitable for use by individuals and companies. , but yes it can also by the state just to attract taxes ..

I think it will increase shop or store revenue and taxes from that store will go up as well and it will help the country to have a better income that will help itself to improve its system and economy.
Bitcoin can boost a country's economy because it will help people to earn money and people will use the money to spend on the things they want and profit from stores or stores people use to buy things.

Altcoindealer

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I think bitcoin can boost the economy from a country. You see there are a lot of countrys who have a currency, which has just no value. So countrys with hyper inflation can of course profit from a cryptocurrency like bitcoin who is international accepted and has real value. But i dont think that a cryptocurrency can break any economy.

fishball

member

Activity: 336

Merit: 10

Quote from: Kakmakr on September 19, 2017, 03:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

Bitcoin does really have the potential to help one's economy. But again, those bitcoiners are the ones to help the economy by contributing something.

popolite11

sr. member

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I am absolutely confident that Bitcoin can only boost the economy. Really, I do not understand people that state: BTC can kill the economy of our country.

Cryptoproff

member

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as long as bitcoin is not yet accepted in the country, then there is no chance for bitcoin to boost or break a countries economy but maybe it could help people to increase their income because they use bitcoin to make money.

15putriutami

newbie

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I think the bitcoin pushes every economy from the country that receives it. Because bitcoin is very beneficial when used by anyone if they understand how to get the benefits.

Seeker#9

full member

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Bitcoin will only affect the economy of a country if it became a legal tender and use by majority of its merchants and citizens. But many governments are still reluctant to accept it because of its high volatility, rapid fluctuation and its being a decentralized virtual currency. The sudden drop of bitcoin may affect them financially and economically.

West0813

full member

Activity: 504

Merit: 100

Some people said that it can help boost the economy of a country. Because it can lessen the unemployed rate of a country. So why other countries are banning it if it can really boost the economy of a country.

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