Can bitcoin improve the economy of a country? - page 29.

cryptojac17

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Quote from: supine on November 09, 2017, 06:04:22 AM

Quote from: prass tyo on May 03, 2017, 12:19:15 PM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Well for me, it actually depends upon the legalization of bitcoin in one country. If it's legal in one country, then yes it can improve that country's economy. However, if it's not legal then it cannot do any good to a country's economy as it is not considered valuable in that country.

yeah its depend on the countries acceptance of bitcoin once it is accepted it will create new investment in a country the economy will improve and gain taxes, when may investors will flood in the country it create new job and that will countries economy.

Frostyroar

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Yes it can if everyone will earn lot form bitcoin then the salary of everyone would increase this will mean the economy will increase and people will earn more in real life and in bitcoin it is beneficial for everyone.

supine

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Quote from: prass tyo on May 03, 2017, 12:19:15 PM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Well for me, it actually depends upon the legalization of bitcoin in one country. If it's legal in one country, then yes it can improve that country's economy. However, if it's not legal then it cannot do any good to a country's economy as it is not considered valuable in that country.

swordling143

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Quote from: prass tyo on May 03, 2017, 12:19:15 PM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Of course it can. With bitcoin's value, I am quite confident that it has the capability to improve a country's economic status. Not just bitcoin but other cryptocurrencies as well. It is considered the next step of advancement in technology.

Gondwanaland

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Quote from: prass tyo on May 03, 2017, 12:19:15 PM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think bitcoin may help to improve the economy of one country. We all know that bitcoin has a great value so if there 's a lot of people using bitcoin in each country it may help to grow the country. Looking forward for the better change of each economy of the country for better livings.

Lecam

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Quote from: prass tyo on May 03, 2017, 12:19:15 PM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I really think it can because it decreases unrmployment. However, government cannot get any taxes from bitcoin since it is not yet taxable, which good for the users because income from bitcoin is sometimes higher compared to salaries from job.

z38630610

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Quote from: prass tyo on May 03, 2017, 12:19:15 PM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

İnvesting with bitcoin is not only enough for imroving the economy of a country. But also governments have to analyse bitcoin in depth. They have to form their economies through bitcoin investments of other countries. They have to keep in touch with other bitcoin countries. Then it will be good for economy of countries.

metenjean

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Quote from: 4U on November 09, 2017, 03:45:57 AM

Quote from: prehisto on November 07, 2017, 06:55:26 PM

Very interesting thread!
I can see 2 ways how BTC can help economy.

1) Bring stability and electronic payments to countries which has high inflation and dont has the grid for electronic payments but has internet and mobile phones.

2) For developed countries btc can bring new technologies and companies thus innovation and new work spaces with jobs.

Yes its true bitcoin is going to help in many countries regarding economy because bitcoin have already reduce unemployment in many countries and in poor country its role is very great and the people they have changed their life just because of bitcoin so I think bitcoin is one of the useful currency for world and that’s why countries are going to accept bitcoin.

I dont really think BTC matters to bring stability since it purpose was to create annonymous transactions and a government will always want to have a control over the economy stability of the country and if you're talking about the poor country changed their life because of bitcoin then i think its just another nonsense because there will be no country in the world yet the people inside who improved because of using another currency than their own. Some people might but if we're talking about the economy of their a country then i suggest you read a book Grin

jepoyr1

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It is a proven reality that Bitcoin has successfully changed the fate of billions of people. Looking forward to change, these people are the people of a country! Because bitcoin has improved the quality of life of people, So, without any doubt, the development of the country is depending on Bitcoin!

Fatanut

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Quote from: 4U on November 09, 2017, 03:45:57 AM

Quote from: prehisto on November 07, 2017, 06:55:26 PM

Very interesting thread!
I can see 2 ways how BTC can help economy.

1) Bring stability and electronic payments to countries which has high inflation and dont has the grid for electronic payments but has internet and mobile phones.

2) For developed countries btc can bring new technologies and companies thus innovation and new work spaces with jobs.

Yes its true bitcoin is going to help in many countries regarding economy because bitcoin have already reduce unemployment in many countries and in poor country its role is very great and the people they have changed their life just because of bitcoin so I think bitcoin is one of the useful currency for world and that’s why countries are going to accept bitcoin.

Would countries accept bitcoin just because people are changing the course of their lives with it or is the government going to take advantage of rising number of bitcoin users in your country? I think it's the latter. The government is going to take as much as they can from you and if they start accepting bitcoins by themselves, then they might not be able to do that. The more tax they can collect, the more money they can corrupt.

If your government is corrupt, no matter how much tax they put in cashing out bitcoins or even if they require you to declare your bitcoin address so they can check its history, you are just going to end up helping your government officials richer than they already are. No matter what we do, the economy is going to stay low because the money that's for the people aren't really going to the people. Even when we donate our money to charity, there's also corruption going on. What you put in the donation box doesn't really go to poor kids. The only way you are actually going to be able to help your country is by helping the people by yourself. You can never improve the economy of a country where the government is corrupt.

4U

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Quote from: prehisto on November 07, 2017, 06:55:26 PM

Very interesting thread!
I can see 2 ways how BTC can help economy.

1) Bring stability and electronic payments to countries which has high inflation and dont has the grid for electronic payments but has internet and mobile phones.

2) For developed countries btc can bring new technologies and companies thus innovation and new work spaces with jobs.

Yes its true bitcoin is going to help in many countries regarding economy because bitcoin have already reduce unemployment in many countries and in poor country its role is very great and the people they have changed their life just because of bitcoin so I think bitcoin is one of the useful currency for world and that’s why countries are going to accept bitcoin.

splat44

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Yes,Bitcoin will improve country in the world. If people know how to barely use bitcoin it will help every human rich, the world needs to have financial stability. People in the middle stage and poverty stage will get improve in society.

_Dawid_

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I think it is more because a lot of people own some bitcoins or any other crypto currency and here is the point. Why a lot of country accept crypto? Because it is a perfect chance to make a new type of taxes and just earn some money it is very easy and apparent. The huge step will be or is currently when country accept crypto as a payment medium for a more serious things.

paul00

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Yes, I think bitcoin can improve the economy of the country since it makes living for the citizens pf each country. Our economy is affected by the financial stability of the people and having more stable finances due to additional income we get from bitcoin makes our economy better. Also, I think bitcoin increases the employment rate and decreases poverty for it really provides people finances once they dedicated theirselves to it.

Raihan050

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absolutely yes. I believe Bitcon may a effective steps to improve the economy of a country. if people know how to earn bitcoins than that country economy will be improved.

Feuerbach

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Bitcoin can improve the socio-economic situation in the country. Reduce the level of unemployment, poverty, increase the purchasing power of citizens, which increase the turnover. But earning on the cue ball, people will not pay taxes from this activity, which is not in the interest of the state.

staywoke081

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Santa Coin

Quote from: prass tyo on May 03, 2017, 12:19:15 PM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

It is smart because bitcoin can not be stopped as an international store of value so you may as well accept it if your citizens are going to use it. Otherwise you increase the underground and illegal activity and as a government or state this is the opposite of what you want to do. Smart countries will start creating their own cryptocurrencies so they can track the users who are using it. We will which country is smart then Roll Eyes

hannahB4

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Bitcoin can improve the economy of a country in the sense of increasing peoples standard of living and welfare, this two are use to measures nation's growth. This will be as a result of people investing money into bitcoin.

Bella Thorne

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Quote from: D2R2 on November 04, 2017, 05:29:06 AM

i guess no . Bitcoin transactions to slow .to many forks was in past and will be in future

Definitely it's a yes, because bitcoin can gives or can open many oppurtunity for many people, so if the people have a chance or oppurtunity to have work or earn money so our economy will be more great because it reduces unemployed person and its helps a student like me to have a chance to graduate and if that will happen the economy of our country will be more good.

Mr.grin

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Quote from: oegarod on November 08, 2017, 11:20:00 AM

Quote from: poldanmig on November 08, 2017, 10:39:08 AM

Quote from: ?? on ??

Indeed, ofcourse. Bitcoin can definitely improve the economic climate of a nation because of this cause. Due to bitcoin you are able to transfer a cash into our nation which way may affect the cost of our nearby cash because the supply of our cash will increase.

it is now proven that bitcoin has changed the economy in a country. but sometimes there are also countries that prohibit the bitcoin to circulate. so it takes quite a while for other countries to trust bitcoin.

With the bitcoin acceptance several countries have benefited and looking upon the growth experienced other countries too make plans of using bitcoin into their country. Surely it'll be helping in the growth of the country's economy. Maybe it takes time but it provides promised growth in the economic situation of the country.

I do not think it's that easy. sometimes the fee from a bitcoin transaction can not enter the typical money of a country. and I think the fee from the transaction cuts becomes very important for a country. unless the country finds a way out of this, and it can all be fixed even though I also feel that it will not be fast.

Topic: Can bitcoin improve the economy of a country? - page 29. (Read 52289 times)