Topic: Can bitcoin improve the economy of a country? - page 51. (Read 52298 times)
No.It can be a factor to improve the economy of a certain country but will never be the solution to the problem.The leaders and its people are responsible in making their economy a better economy.
Helps reduce dependancy on the dollar.
Bitcoin can not change the economy of the country. It's just money that you can pay off or earn it. To improve the economy, it is necessary to take action, and not to introduce a new currency.
A solid currency can in fact make a country or even the world more prosperous, when gold was used as the standard around the world we saw one of the biggest growth in investments in the world, because people know that their currency was stable, now that trade is based on the dollar and those dollar keep being printed as if they could print them forever governments are trying to get rid of their dollars as fast as possible.
I think it will help people to purchase items without paying goverment taxes and making the price cheaper, but improve the economy of the country it's not possible, for sure you will be glad to purchase item without paying taxes
Bitcoin can not change the economy of the country. It's just money that you can pay off or earn it. To improve the economy, it is necessary to take action, and not to introduce a new currency.
A solid currency can in fact make a country or even the world more prosperous, when gold was used as the standard around the world we saw one of the biggest growth in investments in the world, because people know that their currency was stable, now that trade is based on the dollar and those dollar keep being printed as if they could print them forever governments are trying to get rid of their dollars as fast as possible. 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?
If bitcoin is legalized the benefits will soon be felt by all countries, it's time the world to replace the financial system with bitcoin so that the economy of all countries getting better.
I think so, bitcoin has the potential that of paper money fiat. But the thing is, it is on an electronic platform. If many countries will be open to this idea of electronic transactions, probably in the long run paper money eventually will be obsolete. With the rise of bitcoin and cryptocurrencies, people will also come to know how to invest more in it like in stock market. Trades using cryptocurrencies will be a factor that will dictate the rise and fall of the economy of a country.
yes , i think can.
because if a country have much poor people , then the poor people know about bitcoin and got money from bitcoin , its make a good economy for a country , i cant think if a country have a full people make income from bitcoin , maybe be a rich country in the world
Frankly, that's the logic of a kid who don't know what's bitcoin. what do you mean income and where does the income comes from? bitcoin is merely a currency and can only be bought.because if a country have much poor people , then the poor people know about bitcoin and got money from bitcoin , its make a good economy for a country , i cant think if a country have a full people make income from bitcoin , maybe be a rich country in the world
it's just nonsense that if bitcoin could fix the economy of a country since it's decentralized, if the people in that country massly switching to bitcoin, the local fiat will lose its value, resulting a crisis.
you should think more before making such nonsense statement.
yes , i think can.
because if a country have much poor people , then the poor people know about bitcoin and got money from bitcoin , its make a good economy for a country , i cant think if a country have a full people make income from bitcoin , maybe be a rich country in the world
because if a country have much poor people , then the poor people know about bitcoin and got money from bitcoin , its make a good economy for a country , i cant think if a country have a full people make income from bitcoin , maybe be a rich country in the world
Yes bitcoin can improve the economy if everyone makes profit everyone would have more money to spend. So everyone would have a profit the shop owners and the people who have earned money. This would make a great improvement on the economy of the country.
Agree, then this is the best time to quickly legalize bitcoin, I think the Chinese government is wrong because bitcoin banned, there is a big impact for china residents because they are prohibited from using bitcoin. 
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 remembered old days: behaviour of Russia's government,to treat bitcoin payments as illegal like money laundering machine of terrorism etc. But today Russia offers huge amount for miners to come and do their job at district of Russia. Now Russia has better vision
If you ask me, that's mostly bullshit
Russia had in fact been very aggressive against Bitcoin in the past, and the Russian government had been threatening both Bitcoin users and miners with severe criminal prosecution. That remained only a bunch of threats, but if you think that the Russian authorities ultimately changed their attitude, then you are pretty much wrong. They are as against Bitcoin as they have always been. Don't take anything what Russian officials might say at its face value. They just admit that they can't cope with Bitcoin, and that they can't outright ban it, but that's pretty much all what can be said regarding the change in their stance toward (or rather against) Bitcoin
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?
Even if bitcoin wasn't accepted yet by the government as regular currency now, gladly banks accepted transaction coming from bitcoin to fiat exchange wallet sites. That's how decentralized type of currency works, not even government can take full control of that, but we freely enjoy the freedom that we have so that people's income will be progressive and they fully enjoy buying local goods. Spending will become higher and eventually make the economy grow because people is not hesitant to spend more money, due to bitcoin earning becoming sustainable.
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 remembered old days: behaviour of Russia's government,to treat bitcoin payments as illegal like money laundering machine of terrorism etc. But today Russia offers huge amount for miners to come and do their job at district of Russia. Now Russia has better vision
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?
As long as the government banned bitcoin then there will be no benefit for the economic progress of the country, we hope that all countries legalize bitcoin so as to improve the country's economy.
We cannot really expect bitcoin to be fully adopted by governments worldwide. Well it is still possible but it takes time. It is well understood that blockchain is the future but governments might opt to create their own version.
As long as the government banned bitcoin then there will be no benefit for the economic progress of the country, we hope that all countries legalize bitcoin so as to improve the country's economy.
Bitcoin is the first cryptocurrency which has mass adoption and so there is high potential for this cryptocurrency to grow which can improve the world economy,another use of bitcoin is trading can be done without revealing the identity of a person and anyone involved with internet can start up with bitcoin network technology. The bitcoin network has its own protocol of 21 million bitcoins which can be created by miners but these coins can be divided into smaller units, the smallest unit of bitcoin is known as "satoshi ". Bitcoin is a revolutionary technology as it can transfer funds immediately and safely without a central authority this digitized form of currency has the potential to expand the global commerce and transform businesses as bitcoin can be transferred easily with low transaction fees. This currency can be otherwise called as the safe money for the poor as this digital currency does not affect inflation, this can even help people who do not have a bank account bitcoins can be used to modify access to global financial markets allowing the unbankers and other bitcoin users to save some currency for them which helps to improve the economy.
Yes bitcoin can improve the economy if everyone makes profit everyone would have more money to spend. So everyone would have a profit the shop owners and the people who have earned money. This would make a great improvement on the economy of the country.
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 don't think it has that huge effect on the countries economy because there are a lot of people who are still not aware that this crypto exist. But it is the most popular virtual money known by the crypto users. I think the main reason that most virtual currency are using it is because it is more convenient to use than others.Maybe effect is not huge now, bitcoin is new currency and it will take time to settle. I try to think simple, what is better?
Bitcoin and alt-coins or Fiat currencies? I think blockchain offers much more, it is technology that is made to do something
better then humans can. Banks and governments took all the money for them and we do not know who prints money and
for whom, with technology we can keep track of everything, and people finally have a tool to control people in power.
Bitcoin can improve the economy of a country if we use it in right way, and not just bitcoin I hope there will be some new
alt-coin that can be so transparent that can stop rich people to make manipulation in this world and gain more wealth in that
way, like they are doing in past years and now.
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