Topic: Can bitcoin improve the economy of a country? - page 46. (Read 52298 times)
Yes It is. Bitcoin will improve the country economy. It is digital currency apparently it will not look that much affective towards economy. But it will contribute a lot to the economy it will improve standard of life of the people and it will improve the literacy rate and the poverty ratio of the world. Beside all this education rate can also be improved if this provide financial assistance for education to those who want to work as part time to earn some money.
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?
In my own point of view,it can definitely address the economies number problem which is poverty. Once this burden be addressed then this alone improves economy of a certain country. Because in bitcoin, its purpose is to earn money, therefore it could solve problems of economy.
And I don't think it will improve a country's economy anytime soon, since the government do not take control over Bitcoin. So basically it is an independent and free currency, its one of its concept really, to be utilized on any way they see fit.
I believe that one country can improve because of bitcoin, if many people in country use bitcoin or do something to earn bitcoin many people can be rich so the economy can also improve because of that.
Bitcoin can no doubt very much capable of making the economic condition of any country very much better. The only condition for this thing to happen is that the people living in that country must be well aware about bitcoin and they use bitcoin for investment and trading. Only then bitcoin can affect the economy of the country. Role of the government carries a significant role in this regard.
Crowdfund through bitcoin its a means for those who wants to raise a business. Such businesses if it succeeds can improve economies. Online store with bitcoin can help trade within and outside the country. Trade ( small and large) can happen between countries. Cryptotrading is a form of job for the unemployed.
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?
every person that play bitcoin will helped their financial by it. didnt rule out, country's economy will helped too if the government believe in bitcoin. because you know, bitcoin give positive impact to all player that play it
if a region discover a way to produce least expensive electrical in the world then indeed. or else bitcoin will not enhance any nations around the world economy
Some states are accepting bitcoin even in exchange for their citizenship.
http://uk.businessinsider.com/vanuatu-accepts-bitcoin-for-citizenship-payment-2017-10
Anyway, generally, everything that can increase country's payment balance (lessen the debt) or GDP improves the economy.
Bitcoin itself can really help countries with underdeveloped financial sphere — no reliable banking sector, volatile national currency, etc. Also, it can become a new globalization way for countries under sanctions like Cuba or Iran.
http://uk.businessinsider.com/vanuatu-accepts-bitcoin-for-citizenship-payment-2017-10
Anyway, generally, everything that can increase country's payment balance (lessen the debt) or GDP improves the economy.
Bitcoin itself can really help countries with underdeveloped financial sphere — no reliable banking sector, volatile national currency, etc. Also, it can become a new globalization way for countries under sanctions like Cuba or Iran.
Venezuela is going to be first to try solving economic problems with bitcoin
https://fee.org/articles/the-first-bitcoinization-of-a-sovereign-state-is-happening-now/
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 can help improve a country's economy if it can come up with effective regulation and implementation. If a country can effectively regulate transactions using Bitcoins that have gone circulating online, surely it can help the government increase its funds for financial freedom. By increase of funds meant that earning through Bitcoins can be taxed as an income tax. This is an added reason for the government to collect those who earn through cryptocurrencies.
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?
We can't say that bitcoin is to high that can change the countries economy but butcoin can improve our econmy because it has a ability to do some action that our country can't do such as taxes or etc. Bitcoin has no taxes it can't bring down our economy although it can utilized the expenses of every people.
Yes it is possible, Bitcoin can improve the country depending on its government if they were gonna use it for good. It was also a great way to buy goods through online using virtual money but still everything will be depending on the government decisions of your country.
Definitely it depends on the government whether they are investing in bitcoins or not. Most of the governments have started investing in bitcoins to support their country’s economy with the help of bitcoins by trading them with altcoins and other currencies during pump period.Where did you get this idea from?
I've never heard that employers in Japan are paying their staff and personnel with bitcoins. I'm not even sure that they can legally do that. Bitcoin has been legalized there as a foreign currency (like the US dollar), but that doesn't mean that businesses can pay the wages in bitcoins. Some may do that unofficially, especially businesses connected to Bitcoin operations but I don't think there are many such and their employees would agree to being paid in crypto (some certainly may, but not the majority)
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?
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?
In my own point of view,it can definitely address the economies number problem which is poverty. Once this burden be addressed then this alone improves economy of a certain country. Because in bitcoin, its purpose is to earn money, therefore it could solve problems of economy.
I believe that one country can improve because of bitcoin, if many people in country use bitcoin or do something to earn bitcoin many people can be rich so the economy can also improve because of that.
Bitcoin can no doubt very much capable of making the economic condition of any country very much better. The only condition for this thing to happen is that the people living in that country must be well aware about bitcoin and they use bitcoin for investment and trading. Only then bitcoin can affect the economy of the country. Role of the government carries a significant role in this regard.
It will always depends upon the government if they are willing to provide services that enables cryptocurrency to function within its economic structure. Like what Japan did, they're now beginning to legalize the use of digital currencies. Also, in most of the countries they might see cryptocurrency as a means for corruption, illegal transactions and tax evasion. I'm really looking forward for a new economic system wherein cryptocurrency is used and optimized.
Yes it is possible, Bitcoin can improve the country depending on its government if they were gonna use it for good. It was also a great way to buy goods through online using virtual money but still everything will be depending on the government decisions of your country.
Definitely it depends on the government whether they are investing in bitcoins or not. Most of the governments have started investing in bitcoins to support their country’s economy with the help of bitcoins by trading them with altcoins and other currencies during pump period.
For me Yes, Because people get involved in bitcoin can produce huge amount of money, and money could be used to buy assorted stuffs and primary needs for living, and every expenses of individual has a tax charges . All the tax collected are used to make projects by government to facilitate comfortable lifestyle for everybody. The more money circulated in ones country the more tax revenues may earn from Government. Economy will rise.
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?
Yes it is possible, Bitcoin can improve the country depending on its government if they were gonna use it for good. It was also a great way to buy goods through online using virtual money but still everything will be depending on the government decisions of your country.
Definitely it depends on the government whether they are investing in bitcoins or not. Most of the governments have started investing in bitcoins to support their country’s economy with the help of bitcoins by trading them with altcoins and other currencies during pump period.
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 and cryptocurrencies are the future money, so a country without a cryptocurrency would be left behind. Bitcoin also improves the economy, why?, because it makes money transfer a lot easier, transactions would be just a click away, and long lines when paying will not be a problem anymore.
I believe that one country can improve because of bitcoin, if many people in country use bitcoin or do something to earn bitcoin many people can be rich so the economy can also improve because of that.
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