bitcoin surely boost the regional economy???

valentinen39

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Bitcoins and other cryptocurrency can boost the regional economy depending on how the government will react on its growth but if they will allow people to invest on cryptocurrency then people in their community can pay taxes easier.

kiloiko

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

You can generate income from Bitcoin but don’t see it as your main job cause it can only be an investment, it’s not a job. Bitcoin can only give back what you give to it either with gains or with loss, it’s all by luck. Faucets can t make you rich, I worked on Faucets for like 8 months or so, but I never earned anything from it. Unless you already have a job doing and you decide to use Bitcoin as means of receiving payments. Or I just forgot, you can make.money by mining Bitcoin or through bounties and signature campaign. But not everyone is lucky.

Indrawan77

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I dont think so, bitcoin cant boost regional economic, it can boost personal economic, but not the country's economic and if its not controlled properly then it can caused deflation or inflation, if too many people using crypto to purchase or investing in crypto then the fiat can lose its value, so actually crypto give benefit for us but not for the country

Ridwan Fauzi

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Quote from: joebrook on July 23, 2018, 09:53:32 AM

Quote from: maculeth on July 23, 2018, 06:49:42 AM

practically, bitcoin helps the economy for people who invest in bitcoin. and has not fully helped the economy of a country. only still in the stage of profit for a few of its people.

With the taxes that are collected from countries who have decided to legalize and regulate the use of bitcoins in their countries, they have been able to discover a revenue stream for the country which was previously not available.

But the question is, are bitcoin users willing to pay taxes on the government?

I guess this is the hardest answer, who I know everyone always avoids the tax bills to the government. They are more comfortable concealing their assets against the government, in addition to the many news circulating bitcoin used by some rich people to avoid tax bills from the government. All we know, one's bitcoin assets will be difficult to trace, so they use this opportunity.

Popov_popov

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Any innovation stimulates the economy, forces something to change, improve.

MiukoOk

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I have not seen the benefits that BTC bring us, I just hold the BTC for the purpose of speculation and make a profit, that is the benefit that I see the BTC bring the highest value.

wyplashdea

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No doubt that countries which low income workers could benefit from digital coins, mainly the workers. The question is: Would countries let this? Money from which the cant earn anything? Its so hard to believe...

jeronimosuykens

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Quote from: darkangel11 on April 02, 2018, 06:44:53 PM

Quote from: mackstuart on November 22, 2017, 04:20:32 PM

Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

WHAT A HEAVY CRAPPY POST, WHY IT IS STILL ALLOWED?
I dont even understand why they are still able to post in this forum only to farm those accounts, and he is only a NEWBIE, it is obviously that in two, or three months from now he is going to start posting and applying to signature campaigns in order to be paid for those crappy posts.

It's a bitcoin bitcoin bitcoin post. That's what I call those spam posts written by idiots who say "bitcoin" every 3 -4 words to make it look like the post is long and on topic.
And he won't get into a campaign with that style. That's why we have the merit system. He'll be "bitcoining" for free till the end of his days Cheesy

Quote

Regarding to the OP, if it has really improved and has something to contribute to the country, (as you have said previously) why would it be a bad thing? But it is very strange to see a country really investing in bitcoin instead of being regulating it, lmao.

Bitcoin can't save the economy. I think there were literally hundreds of similar questions asked on the forum. If your country is in debt or has some real problems like unemployment, it really won't matter what money you choose to use. It's not the problem of weak currency. The currency is only the representation of the local economy. You have no industry, no export, no natural resources, you are screwed, however you choose to play it out.

I think if an area uses bitcoin as a means of trading, then it can be said that they have made the right decision and go ahead one step at a time and still use only the trading tools that I think are faulty. time
With taxes collected from countries that have decided to legalize and regulate the use of bitcoin in their countries, they were able to discover revenue streams for countries previously unavailable.
Belief in bicoin will promote the regional economy as well as the whole territory.

sinta23

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Quote from: talenah kotang on July 23, 2018, 10:05:01 AM

Quote from: ?? on ??

Life of bitcoin people has changed as snow.
Unfortunately bitcoin is not allowed to use in all countries. Bitcoin ban in many countries Otherwise the effect of bitcoin would be more.

yes it is true, in my country bitcoin is prohibited if used for transactions but it does not hinder my intention to be able to change the family economy and I already feel the change.

until now it's a lot of countries that have not approved the bitcoin in circulation, but it does not close the possibility of bitcoin is not received, and we do not do anything. on the contrary, there is no approval yes we do it first, while there is still time. that is by utilizing bitcoin as profit seeker.

mybtcasset

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Bitcoin will create employment for many of the investors and in return, we can expect improvement in the economy so the future financial world of any country is depending on bitcoin and crypto currencies

v3liana

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Well i dont think it could help all people to be rich. i do believe there is always someone who lost in trading and i dont believe bitcoin is made to fight poverty. Bitcoin is made to make our transsction faster, easier and reliable. Its true so many people that have a luck and changes their live but look at in developed country that has a lot poor people who even cannot affor to buy bitcoin and even cant understand how it works. I believe it does can boost economy cause the technology but i dont think it could help everyone out from being poor.

talenah kotang

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Quote from: ?? on ??

Life of bitcoin people has changed as snow.
Unfortunately bitcoin is not allowed to use in all countries. Bitcoin ban in many countries Otherwise the effect of bitcoin would be more.

yes it is true, in my country bitcoin is prohibited if used for transactions but it does not hinder my intention to be able to change the family economy and I already feel the change.

joebrook

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Quote from: maculeth on July 23, 2018, 06:49:42 AM

practically, bitcoin helps the economy for people who invest in bitcoin. and has not fully helped the economy of a country. only still in the stage of profit for a few of its people.

With the taxes that are collected from countries who have decided to legalize and regulate the use of bitcoins in their countries, they have been able to discover a revenue stream for the country which was previously not available.

Marlo0619

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Yes. That is true. Bitcoin makes our economy better than before. Bitcoin makes people lives better and wealthier. The great thing about bitcoin is that we dont need to invest or pay anything, it's not necessary to pay anything. You just need to be active and just keep on posting so that if you have many activities and your rank goes up, then you can make bigger money and other people also who ises bitcoin. Bitcoin makes economy grow and help the country become better.

maculeth

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practically, bitcoin helps the economy for people who invest in bitcoin. and has not fully helped the economy of a country. only still in the stage of profit for a few of its people.

Mhd-Bobbi

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Quote from: daarul50 on November 19, 2017, 03:15:53 PM

Can't be ascertained bitcoin to boost the economy of an area because there are still many people who do not know and trust bitcoin in the added government was not legalized and take responsibility for all transactions using bitcoin. However, if an area already uses bitcoin as a means of a transaction then it can be said they have made the right decision and one step ahead of the area that still only use the tools of transaction that I think is old-fashioned.

Yes, you are right
does not mean an economic rise due to bitcoin. Because there are still many people who do not really understand what bitcoin is. And in some countries I see the government does not legalize the development of bitcoin. I hope the government helps legalize the use of bitcoin for people who already understand. Because bitcoin also includes one unobtrusive job. And beneficial for people who do not have an outside job.

MonaLeeTracy

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Quote from: Arlibtchunt2018 on March 29, 2018, 02:29:52 PM

For now I don't think that bitcoin can boost the regional economy. Although bitcoin is popular but only a number of people adopted btc as their investment which can't demonstrate the true effect of btc to the economy of a certain region.

indeed this time has not happened but over time sometimes it can happen without us know. the development of the bitcoin also includes the rapidly known society.

andrei214

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Bitcoin becomes a big help for the economy.It can become a solution for a problem like the problem of unemployment.Unemployment rate decreases for some countries since people gets connected with bitcoin.Bitcoin gives a chance for people to make their own money and profit for themselves.By decreasing the unemployment rate, the lifestyle of the society gets up and as well as the economy.

darkangel11

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Quote from: mackstuart on November 22, 2017, 04:20:32 PM

Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

WHAT A HEAVY CRAPPY POST, WHY IT IS STILL ALLOWED?
I dont even understand why they are still able to post in this forum only to farm those accounts, and he is only a NEWBIE, it is obviously that in two, or three months from now he is going to start posting and applying to signature campaigns in order to be paid for those crappy posts.

It's a bitcoin bitcoin bitcoin post. That's what I call those spam posts written by idiots who say "bitcoin" every 3 -4 words to make it look like the post is long and on topic.
And he won't get into a campaign with that style. That's why we have the merit system. He'll be "bitcoining" for free till the end of his days Cheesy

Quote

Regarding to the OP, if it has really improved and has something to contribute to the country, (as you have said previously) why would it be a bad thing? But it is very strange to see a country really investing in bitcoin instead of being regulating it, lmao.

Bitcoin can't save the economy. I think there were literally hundreds of similar questions asked on the forum. If your country is in debt or has some real problems like unemployment, it really won't matter what money you choose to use. It's not the problem of weak currency. The currency is only the representation of the local economy. You have no industry, no export, no natural resources, you are screwed, however you choose to play it out.

ganlianshifu1

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BTC's contribution to the economy is small!

BTC mining needs mining machine, the demand for graphics card is large, resulting in many graphics card market price increases! Mining also costs electricity.

In promoting economic development also brought about certain environmental pollution!

Anies_Sandi

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

if for now the bitcoin is still low and still the bitcoin that can help the country's economy, so berkad the existence of bitcoin so that know the bitcoin it can be helped well.

Zentor

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IMHO it will boost economy of those countries who will legalize it first and provide it with all needed support.

Arlibtchunt2018

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For now I don't think that bitcoin can boost the regional economy. Although bitcoin is popular but only a number of people adopted btc as their investment which can't demonstrate the true effect of btc to the economy of a certain region.

tambok

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Quote from: palle11 on March 29, 2018, 01:25:00 PM

Quote from: aoihs00 on November 19, 2017, 02:19:33 PM

But I don't see any point how bitcoin is helping the economy of world or how it will change the face of economy within a specific country.

From my angle, I view this position as bitcoin being a new investment area and if it is an investing opportunity, that means it can provide another investment for people to make money. When people of a country are having means to generate income, it gets them happy, shifting majority of the youths out from social vices.

First, it will reduce crime, it will grow the gdp of the country because the government would have lesser vices to combat which obviously would reduce wastages.

Second, if the government have lesser financial wastages, monies would be channelled into social amenities and other meaningful projects - thereby, creating better standard of living.

I don't think that bitcoin will gonna reduce crime, but for sure the Economy will really increase in Gdp and there is less chance that people will steal their money as bitcoin is secured unlike in bank that is prone to theft and could have the possibility to hacked.

palle11

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Quote from: aoihs00 on November 19, 2017, 02:19:33 PM

But I don't see any point how bitcoin is helping the economy of world or how it will change the face of economy within a specific country.

From my angle, I view this position as bitcoin being a new investment area and if it is an investing opportunity, that means it can provide another investment for people to make money. When people of a country are having means to generate income, it gets them happy, shifting majority of the youths out from social vices.

First, it will reduce crime, it will grow the gdp of the country because the government would have lesser vices to combat which obviously would reduce wastages.

Second, if the government have lesser financial wastages, monies would be channelled into social amenities and other meaningful projects - thereby, creating better standard of living.

Afnan_faizah

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Quote from: ladydark on November 22, 2017, 06:35:40 PM

Even though bitcoin could not help for progress of economy of all countries,but it has definitely helped for the progrs of economy of backward countries indirectly.It has given new ways of earning money for people even if they are from under developed countries.

Bitcoin can make a big revolution. It can throws some big companies out of the business, but it also grow the financial of the users, it has positive and negative side. Decentralization is good, it will make the velocity of money become faster, this can improove regional economy.

Allisgrace

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

It's not yet but if bitcoin already expose and already legalized maybe their is big possibilities that all people especially the national problem economy will end.

Hamstead

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Quote from: jhongzjhong on November 19, 2017, 09:33:31 PM

Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Not totally boost the economy instead its help by individual financial problem, let say this is you source of income for the whole week or month maybe but I think that's not enough for daily needs. Not for sure if this bitcoin boost the economy of countries.

That is not really it is. Though your income weekly isnt enough to support your needs in a week but it is not a basis that bitcoin will never give a boosting capabilities for the economy. Knowing that bitcoin is a great provider in terms of financial and we can certainly depend on. And bitcoin now is become as main source of income, maybe this time you've never get its satifaction from what you've got but I believe in the coming days you will achieve it.

ladydark

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Even though bitcoin could not help for progress of economy of all countries,but it has definitely helped for the progrs of economy of backward countries indirectly.It has given new ways of earning money for people even if they are from under developed countries.

Finestream

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Quote from: shata on November 22, 2017, 04:59:20 PM

Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Bitcoin can change the lives of a individual person as long as he/she is having perseverance in investing/trading btc. But i'm not sure if btc will boost the regional economy. It can be possible but it will becomes so hard. Because everyone does not have the skills in making business decisions and plans in connection to BTC.

Everyone who is willing to work and invest can find their change in bitcoin, it's very profitable here as long as you are earning bitcoin since if you will hold it the value will certainly continue to grow. This is not yet widely accepted in majority of the worlds popular so it would not boost the economy as whole since government also has their own to promote which is more safer and legitimate. We are here investing because we love to take bigger risks and we are expecting we will succeed.

zulkarnaen

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Bitcoin can not improve the economy in an area but can improve the individual economy of its users.
But now in each region must have different populations of bitcoin users and people do not fully know and can use bitcoin.
But I believe with the passing of time bitcoin will become increasingly known and used by everyone to transact or for business.

MakeMoneyBtc

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I dont think Bitcoin is changing in any way the economy of a region/country because: first of all governments doesnt take any taxes from profits earned through bitcoin so the country's budget does not rise. I think that soon they are going to apply some taxes because bitcoin price is keep increasing. Also more and more people are discovering bitcoin and they invest money into it for their future.

Then there is the thing that only a few people actually use bitcoin. Yes, there are millions of people that use it but they are not in the same country, they are a few from every part of the world so this doesnt make anything to help the economy.

shata

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Bitcoin can change the lives of a individual person as long as he/she is having perseverance in investing/trading btc. But i'm not sure if btc will boost the regional economy. It can be possible but it will becomes so hard. Because everyone does not have the skills in making business decisions and plans in connection to BTC.

marcuslong

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Depends if bitcoin will accept it in each of countries since they stoping bitcoin when they knew that its coming from ther cluntry how bitcoin can helps our economy when they stoping it yes the demanda of bitcoin is increasing the same of volume of each user who support bitcoin in the own very way of its best , its gonna happen lets just wait for another years.

sindikat

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Quote from: mackstuart on November 22, 2017, 04:20:32 PM

Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

WHAT A HEAVY CRAPPY POST, WHY IT IS STILL ALLOWED?
I dont even understand why they are still able to post in this forum only to farm those accounts, and he is only a NEWBIE, it is obviously that in two, or three months from now he is going to start posting and applying to signature campaigns in order to be paid for those crappy posts.

Regarding to the OP, if it has really improved and has something to contribute to the country, (as you have said previously) why would it be a bad thing? But it is very strange to see a country really investing in bitcoin instead of being regulating it, lmao.

Bitcoin does not affect the economy. You can of course indirectly to consider is that due to bitcoin growing purchasing power of some people and it stimulates the production but it is too small percentage to examine its influence on a global scale throughout the country. I think much more important is the impact of bitcoin on the minds of people.

mackstuart

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

WHAT A HEAVY CRAPPY POST, WHY IT IS STILL ALLOWED?
I dont even understand why they are still able to post in this forum only to farm those accounts, and he is only a NEWBIE, it is obviously that in two, or three months from now he is going to start posting and applying to signature campaigns in order to be paid for those crappy posts.

Regarding to the OP, if it has really improved and has something to contribute to the country, (as you have said previously) why would it be a bad thing? But it is very strange to see a country really investing in bitcoin instead of being regulating it, lmao.

MCVXYZ

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In my opinion,these process is not such a large scale yet,but i think its very helpful for development countries.For example the company (leader mining company) Bitfury has invested 100 million dollars in my country in Georgia.Which will contribute to the promotion of new labor relations,wich olso will prevent many social-economical problems.so my country will get from this 100 million dollars investition,place on the world map of innovative technologies and Increased number of employees.but it does not mean that bitcoin boost the regional economy yet.

usam_coiner

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Quote from: detector on November 19, 2017, 11:50:51 PM

Quote from: kaya11 on November 19, 2017, 11:10:53 PM

Bitcoin is helping the economy as it makes transactions faster and has transparency. We must not let ourselves be pitty on the bank owners as they are not concern of our well being. If you go loan and borrow some cash it's interest is so high that most people have suffered on paying back causing their other properties to be mortgage at other banks and more sufferings will eventually come, with bitcoin we can lessen those things and continue to do business with less bank's interference.

Imagine if their government also try to use bitcoin as their tax revenue. There will be alternate income for the country that will help boost their economy so I'm wonder if some government still not legalized bitcoin yet.
I know it will break bitcoin as decentralized currency so they must think twice before able to adopt bitcoin for their transaction

if a government accept bitcoin and then taxation system on bitcoin will really help government to do development projects because bitcoin will give alot of room to the progress and the extra income from the taxation department will be served for the sake of citizens and this thing will also give a positive impact to the image of country.

detector

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Quote from: kaya11 on November 19, 2017, 11:10:53 PM

Bitcoin is helping the economy as it makes transactions faster and has transparency. We must not let ourselves be pitty on the bank owners as they are not concern of our well being. If you go loan and borrow some cash it's interest is so high that most people have suffered on paying back causing their other properties to be mortgage at other banks and more sufferings will eventually come, with bitcoin we can lessen those things and continue to do business with less bank's interference.

Imagine if their government also try to use bitcoin as their tax revenue. There will be alternate income for the country that will help boost their economy so I'm wonder if some government still not legalized bitcoin yet.
I know it will break bitcoin as decentralized currency so they must think twice before able to adopt bitcoin for their transaction

Rashid555

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Bitcoin affect the regional economy as well the bitcoin provide the opportunity to the people to get earning through this bitcoin forum. This is helping them and through this the purchasing power of the people are good thus we can say that it is improving the economy as well. Like it reduces the unemployment ratio in the economy it has decreased the poverty level up to a little bit.

creeps

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Quote from: daarul50 on November 19, 2017, 03:15:53 PM

Can't be ascertained bitcoin to boost the economy of an area because there are still many people who do not know and trust bitcoin in the added government was not legalized and take responsibility for all transactions using bitcoin. However, if an area already uses bitcoin as a means of a transaction then it can be said they have made the right decision and one step ahead of the area that still only use the tools of transaction that I think is old-fashioned.

Right, bitcoin must gain the trust of ordinary people before it boost the economy. Its hard to bitcoin to boost the economy when its people don't believe on bitcoin. Yes it can but of course it takes time and a lot of effort. Bitcoin offers great opportunity for our future.

kaya11

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Bitcoin is helping the economy as it makes transactions faster and has transparency. We must not let ourselves be pitty on the bank owners as they are not concern of our well being. If you go loan and borrow some cash it's interest is so high that most people have suffered on paying back causing their other properties to be mortgage at other banks and more sufferings will eventually come, with bitcoin we can lessen those things and continue to do business with less bank's interference.

LuanX3

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Bitcoin cannot help an economy. The economy must work for itself. Think of bitcoins as some sort of currency. Having currency doesn't mean you would be a much more better economy. If you think about it, even if you have a quadrillion and quadrillions of your currency the whole world will not care if the country backing up that currency has no economy. Look at vietnam, everybody there is a billionaire or a millionaire at least, in their currency. But no other country cares about their currency. That is the same with bitcoins, it cannot help if the value of the economy is worthless.

cydrix

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I think it is not like that mate although if youre refering to the users they are improving by themselves independently because bitcoin is decetralized . It has no effect on the regional economy because not all are using bitcoin even now users of bitcoin is i think about only millions so it is not generally for everyone for now.

jhongzjhong

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Not totally boost the economy instead its help by individual financial problem, let say this is you source of income for the whole week or month maybe but I think that's not enough for daily needs. Not for sure if this bitcoin boost the economy of countries.

Chrisjay29

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Quote from: aoihs00 on November 19, 2017, 02:19:33 PM

But I don't see any point how bitcoin is helping the economy of world or how it will change the face of economy within a specific country. There exist nothing beyond the bunch of codes and I think that way because the bitcoin is bitcoin and it is floating in the darkness of the internet wold. The money that we invest is not returning to us and getting sucked worldwide. I mean mining operations, job campaigns in different countries are being done at different level. This means whatever one country put into bitcoin goes indirectly to the strongest contender and leave behind the country with disturbed economy because the money is outflowing and rest world is distributing it in small pieces that it couldn't even help them grow either.

Its boost economy because the more usd or btc come in your country the more economy will grow thats my opinion.

Flomo

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yes, I'm sure bitcoin can improve one's economy, unfortunately bitcoin can not contribute to country, because I am worried all countries will ban the use of bitcoin.

aardvark15

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Quote from: usam_coiner on November 19, 2017, 10:43:02 AM

As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Bitcoin is an economic benefit because is creates jobs and there is a whole industry of products as the result of it. Business like exchanges, gambling sites, etc have cropped up because of Bitcoin. Also companies are making mining equipment, Bitcoin ATM’s, etc because of Bitcoin. There are also blogs, videos and articles that focus on Bitcoin. These are all business related benefits of Bitcoin and this is just the beginning of the Cryptocurrency economy where we will see an explosion of innovation due to this new technology.

palle11

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It is crystal clear that bitcoin has the potential to do this and is already doing it. Bitcoin will not only boost an economy but will make individuals independent of the economy.

For instance, people who are already into bitcoin and making money from bitcoin have no business with the hardship anymore and so, they have extricated themselves from the economy, thereby giving the economy lesser burden to cater for and by that, the economy will keep improving.

daarul50

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Can't be ascertained bitcoin to boost the economy of an area because there are still many people who do not know and trust bitcoin in the added government was not legalized and take responsibility for all transactions using bitcoin. However, if an area already uses bitcoin as a means of a transaction then it can be said they have made the right decision and one step ahead of the area that still only use the tools of transaction that I think is old-fashioned.

deadthings

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It boost everything if it is use corectly like a currency to just improve some trades in real live, like real money... This way it boost economy even for country scale.

aoihs00

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But I don't see any point how bitcoin is helping the economy of world or how it will change the face of economy within a specific country. There exist nothing beyond the bunch of codes and I think that way because the bitcoin is bitcoin and it is floating in the darkness of the internet wold. The money that we invest is not returning to us and getting sucked worldwide. I mean mining operations, job campaigns in different countries are being done at different level. This means whatever one country put into bitcoin goes indirectly to the strongest contender and leave behind the country with disturbed economy because the money is outflowing and rest world is distributing it in small pieces that it couldn't even help them grow either.

HeRetiK

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Quote from: squatz1 on November 19, 2017, 11:25:26 AM

A lot of people are quick to make assumptions like this, but when you think about it using Bitcoin is neutral or even a net negative for the regional / worldwide economy. Because think about it, if people don't need the middlemen (being banks and such) because they have miners and computers pretty much doing everything, that's going to kill a ton of jobs. Even if these jobs are for the bank, it's still normal everyday people that are getting hurt in between because they're going to lost their jobs if Bitcoin was to go mainstream.

So, net negative IMO even if I do love btc.

Anything we can automate, we should. Otherwise we'd still be stuck in the pre-industrial area without any social or technological progress at all.

Free up workforce from unnecessary, menial tasks and put those people to good use elsewhere. It already happened to most manual labor, why should finance be exempt? For every job that becomes obsolete, new opportunities will arise. As a result global productivity and thus wealth will increase, it's just the matter of fair distribution that is worrisome.

50ouncebrew

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Quote from: squatz1 on November 19, 2017, 11:25:26 AM

A lot of people are quick to make assumptions like this, but when you think about it using Bitcoin is neutral or even a net negative for the regional / worldwide economy. Because think about it, if people don't need the middlemen (being banks and such) because they have miners and computers pretty much doing everything, that's going to kill a ton of jobs. Even if these jobs are for the bank, it's still normal everyday people that are getting hurt in between because they're going to lost their jobs if Bitcoin was to go mainstream.

So, net negative IMO even if I do love btc.

Yeah I am not so sure about this. On one hand you do have a point, but on the other you must realize when jobs are lost due to one reason, they are often created for another. For example, computers and robots have taken so many jobs, but think about how many people work on computers or robots and you will see that the jobs simply got shifted in many cases and not necessarily lost. Therefore I think it is not net negative, but most likely neutral.

squatz1

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A lot of people are quick to make assumptions like this, but when you think about it using Bitcoin is neutral or even a net negative for the regional / worldwide economy. Because think about it, if people don't need the middlemen (being banks and such) because they have miners and computers pretty much doing everything, that's going to kill a ton of jobs. Even if these jobs are for the bank, it's still normal everyday people that are getting hurt in between because they're going to lost their jobs if Bitcoin was to go mainstream.

So, net negative IMO even if I do love btc.

usam_coiner

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As bitcoin has changed lives of people and frost world countries are getting huge benefits from bitcoin and surely in the same way bitcoin can give boost to the economy and bitcoin is the key way to the development and progress and i am sure that btc will boost economy as well due to its high prices and people can use bitcoin for their sake to generate income.

Topic: bitcoin surely boost the regional economy??? (Read 774 times)