Topic: Bitcoin plays a vital role in the economy - page 21. (Read 2363 times)
yes , Bitcoin plays a vital role in the economy. Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. Every transaction is digitally recorded in blocks which act like ledgers and once a block is filled a new block is created. All blocks are connected to each other using hashtags and a linear chronological sequence of these blocks forms a blockchain. Thus, every transaction is digitally recorded to keep security at a top notch level.The economic power which lies with the governments and financial institutions is at stake which has made them wary of cryptocurrencies.
Good news is that bitcoin's status is increasingly recognizedI'm happy that there are still people who sees the capability of cryptocurrency like I do. Yes, it would definitely impact the economy of a country. So, even with all the issues raised regarding cryptocurrency, I definitely believe that one day, it would be widely accepted.
otherwise The tax is what gives the government income. How can a country's economy change because of bitcoin if they do not impose taxes on people in action using bitcoin in a transaction.
otherwise The tax is what gives the government income. How can a country's economy change because of bitcoin if they do not impose taxes on people in action using bitcoin in a transaction.
Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes. If the governments take bitcoin positively then it would be good for their country.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
I completely agree with what you say right there, bitcoin can influence the economy specially in the third world countries. I am from a country belongs to the third world and bitcoin really help us specially to the unemployed people. It helps reduced the unemployment rate here because through bitcoins and ICO, people here have found jobs online and paid by bitcoins.
That is a good extra income for third world people, good that these people are being benefited from Bitcoin. Now they have the opportunity to save money and use it wisely in the future, learning how to make successful businesses on their countries, consequently improving the local economy.
One of the main problems in these countries is the lack of jobs. Entrepreneurship could be the solution for these people, but it wasn't accessible for them, as it's difficult to save money when you don't have it and the only another option would be to take abusive loans at banks and similar lenders, what is very risky!
Then these online jobs paying in BTCs and Bitcoin investment itself came and helped these people a lot to earn enough money to start their micro businesses, that can grow within time. Consequently BTC will be turned into fiat by these people, helping the local economies to grow strong.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
I completely agree with what you say right there, bitcoin can influence the economy specially in the third world countries. I am from a country belongs to the third world and bitcoin really help us specially to the unemployed people. It helps reduced the unemployment rate here because through bitcoins and ICO, people here have found jobs online and paid by bitcoins.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
I think not, because after all bitcoin can not change the economy of a country. because the value is so very fluctuative and can not be set by anyone.
Yes, our state government also implements taxpayers for every bitcoin provider, they also plan to apply the same to bitcoin users they just have trouble knowing every bitcoiner and the amount of revenue.
I think the taxpayer is the main thing we need to do to build the state economy and return to consciousness with each other
I think the taxpayer is the main thing we need to do to build the state economy and return to consciousness with each other
Indeed, bitcoin is adding a dynamic element to the economy. The economic power which lies with the governments and financial institutions is at stake, making the big players wary of cryptocurrencies.
Cryptocurrency really has a vital role in the economy, and is not limited to crypto holders, it also effects the gaming industry and has a great effect on the advancement of technology. The demand for GPUs dramatically increased, and the need for more advance processor also increased. That's why a more advance GPU that has low power consumption has been made.
Even though bitcoin holders doesn't pay taxes to government but still it can contribute to economy, because as what I observe people who work in crypto and earn bitcoin has drastically changing financial life for better and if there are more rich people in a community then there are increase in monetary circulation because they will buy more goods and services in any establishment that have been tax out by the government. 
Cryptocurrency really has a vital role in the economy, and is not limited to crypto holders, it also effects the gaming industry and has a great effect on the advancement of technology. The demand for GPUs dramatically increased, and the need for more advance processor also increased. That's why a more advance GPU that has low power consumption has been made.
I believe that bitcoin, cryptocurrency or the blockchain system in general has a very vital role to play in the economy. What I'm seeing right now, bitcoin doesn't limit anyone, regardless of your background, status or whatsoever to joined the program. You can invest, work, trade and so on using this platform. That's a new sense of freedom to individuals. That's the fact that I love about it. And that being said, many people could get involve and it will in a long run affect the economy.
In whole world more people have more ways to save taxes. Some are legal and some illegal. So Bitcoin is not only one. Second thing is some government get strict and has full eye on Bitcoin transaction. Because of it getting hard to hidden income by Bitcoin.
If a government regulates bitcoin then it will be hard to invade tax, with it as long as you convert the coin to your fiat currency, the advantage is that we will have more control about our financials because no government can tax me for the assets stored in bitcoin. 
yes you are right in my opinion bitcoin could be an important role of the world economy in the future which have started using digital currency like bitcoin for its main finance. it's better now to have as much bitcoin as possible.
Yes, bitcoin plays a vital role in the economy because bitcoin helps people to participate to the global economy, and it will opens many doors of new markets which affects mainly the economy of many country. Bitcoin gives more advantage for the people than the country. But some countries don't like bitcoin because they don't gives taxes from cryptocurrency.
Yes it is true that many countries that do not like bitcoin because the country can not control bitcoin, should the country take a positive gap.
I agree with your opinion, crypto has a very important role to make a country's economy better, and decentralization is a different system, decentralized system unlike dollars and other fiat currencies. venezuela success by creating petro, swiss will also create crypto.
Crypto always survive, even able to survive from geopolitical conditions, in 2016, the value of the dollar fell because of geopolitics, but cryptocurrency does not get the impact of geopolitics, so the price is stable.
Crypto always survive, even able to survive from geopolitical conditions, in 2016, the value of the dollar fell because of geopolitics, but cryptocurrency does not get the impact of geopolitics, so the price is stable.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
I agree on the fact that they can use it for their advantage, but use its technology not the actual currency it self, because as you said its controlled by none which makes it difficult for them to control it and know where transactions are coming from and where they are going, which could cause some heavy money laundering, i am not against it but if bitcoin is the key to solving some economical issues and bring improvements, than there needs to be a way for transactions to be monitored. Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
No, I do not think that the importance of bitcoin in the current economy is as great as OP thinks, because its market and its level of acceptance is still too small to influence in such a remarkable way in the current economy. I think it is still a long time before the cryptocurrency market can dramatically influence the global economy, and when the conditions are right for that to happen, bitcoin will have to face a great competition of new and more advanced cryptocurrencies that threaten to gradually displace bitcoin from its current hegemonic place.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
No, I do not think that the importance of bitcoin in the current economy is as great as OP thinks, because its market and its level of acceptance is still too small to influence in such a remarkable way in the current economy. I think it is still a long time before the cryptocurrency market can dramatically influence the global economy, and when the conditions are right for that to happen, bitcoin will have to face a great competition of new and more advanced cryptocurrencies that threaten to gradually displace bitcoin from its current hegemonic place.
Bitcoin plays a vital role in the economy because if you look at it , in terms of business this is connected to the economy only that government has no right to employ policy over bitcoin, so bitcoin helps people to participate to the global economy, where in cryptocurrency and the use of mobiles phones access the modern banking and other financial services through the blockchain.
Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate.I don not see how they became disruptive, if you really take a look at it, banks are considered to be more disruptive than we think, whenever there is a project for the economy and banks will be paying for it and not the people's taxes, they can hide from the people, an example is hidden fees that the banks will charge you, banks can also manipulate the stock market and can ruin a good business, but as for crypto currency, if people had adapted to it, we will have freedom on what we buy, for now we do not see any major projects coming from crypto currencies like building a bridge, a mall, security and defense and militarization, if there would be a project like that, we can compare the two, which is really disruptive, and going back to history, whenever there is a war, one banking family is funding both sides of the war, and that is just to get more income. For now, we are just about to see the real importance of crypto currency once, a country will grt out of debt using it and i believe that is one of the reasons why europe wants it to be regulated, sincethe PIGGS could easily pay their debt, even without costing them.
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