Actually it is not bitcoin which reduces unemployment. They are people who are creating various employment opportunities using bitcoin (or cryptocurrencies) as a medium. At most of the part bitcoin doesn't help in employing people directly. I regard it as a medium not the one which generates job. Leaving some entrepreneur and miners, everybody else earn Bitcoin as a side earning by doing some small tasks which can very well be paid in any other currency as well (we just using Bitcoin as a medium).
I agree there are cases where people are earning well in bitcoin. But think, can't those jobs be paid in any other currency as well.
Of course these jobs can be paid in other currencies. But a lot of jobs have been created only due to the creation of BTC! This includes everything related to altcoins, ICOs and whatever else is going on in the cryptocurrency scene. People are getting hired for advertising, translating, reviewing, mining, staking, PR, programming, and all sorts of things.
If Bitcoin didn't exist there'd be less jobs, alas, BTC creates employment opportunities.
I have very well stated that it indeed have created opportunity for new business ideas and for miners and programmers ( who with those skillset would have done many other things too). But most of the community use Bitcoin as a source of investment or do some small tasks which can't be termed as employment. So, bitcoin as major doesn't eliminate unemployment.
Actually it is not bitcoin which reduces unemployment. They are people who are creating various employment opportunities using bitcoin (or cryptocurrencies) as a medium. At most of the part bitcoin doesn't help in employing people directly. I regard it as a medium not the one which generates job. Leaving some entrepreneur and miners, everybody else earn Bitcoin as a side earning by doing some small tasks which can very well be paid in any other currency as well (we just using Bitcoin as a medium).
I agree there are cases where people are earning well in bitcoin. But think, can't those jobs be paid in any other currency as well.
If bitcoin could reduce unemployment it might have been recognized and accepted by the governments of all the countries in this world much earlier than most of us. I agree bitcoin is just a medium and it may have helped people to earn good money but we shouldn't forget that the problem of unemployment especially in Asian and African countries is much bigger than the number of people who may have made fortune with bitcoin. Bitcoin can be the best alternative to almost all the existing currencies crypto or fiat but to say that it reduces unemployment is far from the reality if only you knew how big the problem of unemployment is.
I agree to this. Unemployment is much bigger problem than what Bitcoin can solve at this particular time specially in African and Asian countries. Bitcoin can very well be used as an investment asset or for side earning but not really as permanent job for most.
