bitcoin in developing countries - page 52.

DigitalFox

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Quote from: mrtryonebiggums on April 27, 2018, 04:28:26 PM

Quote from: haroldtee on April 27, 2018, 02:10:00 AM

Firstly, the only thing that has always been causing inflation is the manipulated and monopolized Fiat system.

Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!

Quick mafs right Wink

? True that the current Bitcoin system is deflationary but that doesn't mean it can't disrupt an economy. If enough of the economies money (% wise) goes into Bitcoin, you can be sure the economy will suffer, unless they begin to accept Bitcoin as a national tender. We don't want the whole world to use Bitcoin, not at least simultaneously that would cause a world wide economic collapse, instead you want the change to Bitcoin to be gradual and for it to be over a long period of time say 25-100 years.

I would think even poorest country's economies are much larger than a total crypto marketcap. And most developing countries would swallow it without noticing

mrtryonebiggums

full member

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Revolutionized Rotating Savings & Borrowings

Quote from: haroldtee on April 27, 2018, 02:10:00 AM

Firstly, the only thing that has always been causing inflation is the manipulated and monopolized Fiat system.

Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!

Quick mafs right Wink

? True that the current Bitcoin system is deflationary but that doesn't mean it can't disrupt an economy. If enough of the economies money (% wise) goes into Bitcoin, you can be sure the economy will suffer, unless they begin to accept Bitcoin as a national tender. We don't want the whole world to use Bitcoin, not at least simultaneously that would cause a world wide economic collapse, instead you want the change to Bitcoin to be gradual and for it to be over a long period of time say 25-100 years.

Epimetheus

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Activity: 1120

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Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa Wink

. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country

haroldtee

sr. member

Activity: 644

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Firstly, the only thing that has always been causing inflation is the manipulated and monopolized Fiat system.

Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!

cutikanzilong

member

Activity: 210

Merit: 10

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Topic: bitcoin in developing countries - page 52. (Read 3369 times)