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?
Topic: Can bitcoin improve the economy of a country? - page 52. (Read 52289 times)
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 can improve a country simply because it offers new jobs fore everyone but only for countries who have access in the world wide web. That means countries with no internet access can never enjoy this opportunity.
Most of the countries right now have internet connection because it is now a must to have in every country and house and that is why bitcoin is suited for everybody. Bitcoin is good for everybody and because of bitcoin it can help the people to improve their lives and soon bitcoin will help the country to improve its economy.
Bitcoin has been reported to have been used to facilitate crime which is not something new to some people. The source of income has been to quite a number of people cannot be undermined because whether yes or not, it has increased the economic worth if every individual even if it is in a little way and this will in that little way contribute to the economic development of the country.
It can improve a country simply because it offers new jobs fore everyone but only for countries who have access in the world wide web. That means countries with no internet access can never enjoy this opportunity.
Sure it can improve the economy if any nation through its usage and exchanges. If there happen to be a lot of exchanges of Bitcoin into the local fiat then it will either affect it positively or negatively a it will contribute to a pump and dump of the local currency which will affect the economy.
perhaps it can indeed be influenced by the exchange that occurs to local money.
and getting ahead may make the local currency lift as well and improve the economy
Exactly, I will help control inflation in the economy through the he exchanges and their pump and dump in the economy. It's ripple effect in the local fiat wouldn't be questioned because it will help it gain value if properly integrated to work concurrently.
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?
A big Yes!bitcoin can improve the economy of the country it can decrease the the statistic of unemployed people,if more people have an income,have a business,a crime rate will decrease,many people busy there way of living,and they were busy, the economy will improve. while the economy would improve more and more people invested & learn bitcoin as a source of income.economy will bloom and country will be progress because of bitcoin.
Sure it can improve the economy if any nation through its usage and exchanges. If there happen to be a lot of exchanges of Bitcoin into the local fiat then it will either affect it positively or negatively a it will contribute to a pump and dump of the local currency which will affect the economy.
perhaps it can indeed be influenced by the exchange that occurs to local money.
and getting ahead may make the local currency lift as well and improve the economy
Sure it can improve the economy if any nation through its usage and exchanges. If there happen to be a lot of exchanges of Bitcoin into the local fiat then it will either affect it positively or negatively a it will contribute to a pump and dump of the local currency which will affect the economy.
Bitcoin exchanges are springing up everywhere and in countries around the world. These exchanges when they convert Bitcoin into their local fiat it acts as a means of foreign exchange to their economy and boost it for the better.
I think it could help the economy of a person as individual, but a country is something to much bigger and complex. But also we can think about oportunities or the benefits offered by the crypto currency as increase employment and learn about a new and interesting topic that will continue to be developed over time.
Yes I agree with you. Bitcoin is the future digital currency as well as a sound crypto online business too. Bitcoin is fast growing technology in the field of crypto currency. It gives a lot of opportunities to the people of the country to improve their economy due to investing and trading in bitcoin. It is also profitable for the governments too, to make huge money officially involving in bitcoin.
For sure it can. I would really like that my country use btc.
The answer of course can be, this is very depend on the state policy, if country want to arrange specially bitcoin for example tax rules, it is certain that bitcoin can improve state economy.
I don’t think so it is going to make any changes in economy indirectly, indeed bitcoins are already improving economy of the country directly by providing jobs to many. People are setting up businesses by profits they have made with bitcoins. In short, bitcoins can make a significant difference in the economy of a state. 
as offering also parts with the connectivity to becoming subjects with the world of the business of the finance, the use of the decentralized blockchain system might improves of chance as developer might works as offering goods and service while different subject of personals to gains with involvesment as attaining chance with the wider spheres of region of the business with the crypto currency.
Bitcoin can definitely improve the economy of a country. If they were to start buying bitcoin as much as possible and then pay citizens for their work in Bitcoin.
In this case, bitcoin simply becomes the currency you need to earn, but this will not increase the number of jobs and will not provide the Internet to those who do not have it.
Currently most countries are banned bitcoin, I think this is wrong, bitcoin can be used to improve the country's economy, such as mining industry, exchangers and trading.
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 thats Well yesit is several countries has been accepted bitcoin in countries but the thing is, one majoy way for a country to grow basically when economic status is being involve of course the taxes, taxes are obviously a fund to used for different purposes and before for that will happen of course bitcoin must be legalized and dont be shock soon that we are acquire to give our contribution.
As a new and a powerful currency, bitcoin represents a strong competitator to the universal currencies like Euro and Dollar witch means the fact of improving a country thanks to bitcoin is a predictable and not impossible.
It all depends on the investment of businessmen.
It all depends on the investment of businessmen.
yes i think bitcoin improve the economy of a country by way helping people to have a job and earn a simple living especially those jobless people this is the answer of no poverty in the country..they can build survive secretly 
Bitcoin can not improve the economy of the country, it can improve the financial situation of the person who earns money with him. Bitcoin is just a currency, not a means of regulating the economic situation in the country.
Bitcoins have showed- during its tenure of 8-9 years- an unrealistic fame in public. The lives of people are changing so fast. Families are getting enough moment for their daily needs. So ultimately bitcoin will improve the economy of country. It has potential just need to polish that. Bitcoin can not improve the economy of the country. This requires the actions of the authorities aimed at improving the economic situation in the country, and not the use of any currency.
Bitcoins are not just currency; they are mode of investments and earning as well. Bitcoins indeed all alone cannot improve the economy of a state until and unless government is not actively working to provide people with jobs. Up to some extent, bitcoins can improve economy but not too much. How can bitcoin improve the economy of one country mean while their government never approve this thing? It id hard to say when you do not need to pay any taxes bit you can afford everything? Does government want to take this as mass killing machine? People can buy everything with their coin earned through bitcoin and everyonr accept that? For us it will be a good thing but how about the government?
Jump to: