Can bitcoin improve the economy of a country? - page 87.

uneng

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Quote from: CARrency on May 30, 2017, 08:13:27 PM

Quote from: Qartersa on May 30, 2017, 12:06:02 PM

Quote from: illaslli on May 30, 2017, 07:07:40 AM

Bitcoin is a great asset but it doesn't improve efficiency in any meaningful way therefore I would say no it doesn't and won't improve the economy of a country.

Some altcoins on the other hand do offer some innovative things to improve efficiency through cost reduction (p2p often beats centralization in this regards).

I agree. Bitcoins doesn't really improve anything in the world except the part about finance. Bitcoins are just a medium of exchange and it doesn't really improve our lives in a way that we can efficiently improve aspects of it. But bitcoins could speed up our financial institutions. However, this part of life is not a bottle neck really.

You are using bitcoin and you don't know what can it do to your country? Does not really improve anything? Think of it, you earn money from bitcoin, bitcoin has its value, that means you are earning money externally, you are making a new source of money and adding that money that you've earn on the circulation of money. That means, good economy, you must read articles about it.

If bitcoin improves finances it's already something, and something very important for a country. There are some countries where population suffer with depreciation in their currency. Every day the money values less.
They become poor each new day with a terrible currency, it doesn't give them the chance to store money for future purposes. That is one reason how bitcoin can help them a lot, just one of the reasons...

CARrency

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Quote from: Qartersa on May 30, 2017, 12:06:02 PM

Quote from: illaslli on May 30, 2017, 07:07:40 AM

Bitcoin is a great asset but it doesn't improve efficiency in any meaningful way therefore I would say no it doesn't and won't improve the economy of a country.

Some altcoins on the other hand do offer some innovative things to improve efficiency through cost reduction (p2p often beats centralization in this regards).

I agree. Bitcoins doesn't really improve anything in the world except the part about finance. Bitcoins are just a medium of exchange and it doesn't really improve our lives in a way that we can efficiently improve aspects of it. But bitcoins could speed up our financial institutions. However, this part of life is not a bottle neck really.

You are using bitcoin and you don't know what can it do to your country? Does not really improve anything? Think of it, you earn money from bitcoin, bitcoin has its value, that means you are earning money externally, you are making a new source of money and adding that money that you've earn on the circulation of money. That means, good economy, you must read articles about it.

carlerha

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Quote from: Sled on May 29, 2017, 11:32:18 PM

Quote from: batang_bitcoin on May 29, 2017, 05:29:17 PM

Quote from: gabmen on May 29, 2017, 10:40:44 AM

Quote from: batang_bitcoin on May 28, 2017, 08:45:55 PM

Quote from: legarde23 on May 28, 2017, 03:06:39 AM

Of course it can, bitcoin can improve economy because bitcoin needs cooperation so in order to improve economy we need to cooperate

Yes it's an of course it will! Look on how the demand of bitcoin is increasing day by day. There are some people that are focusing now with bitcoin and a country is trying to observe the avoidance of taxation by these people. And they are seeing the potential of bitcoin,since they can't stop the bitcoin on using it, they will adopt it for it will improve the economy of a country.

well that means that there will be changes with btc once a country adopts it any there's a chance that butcoin itself will be taxed which of course may cause a decline in demand. the last price surge didn't really affect any economy and is mostly felt by people using btc.

The changes will be on the country and not to the whole bitcoin or blockchain technology. Bitcoin is as it is, the changes that are being done to bitcoin today is with it's current problems and confirmation time. The last price increase did really affect only most of us who are into bitcoin and especially to those that take out profit.

Yes it is up to the country if they will accept bitcoin then it will change their system and possibly earn more money with bitcoin because of the possible source of it like the growth of the price and maybe taxing bitcoin for the transactions within their country, the problem and issues of bitcoin is nothing to do for the economy of the country and even about the adoption of bitcoin because they all believe that it will be fixed soon.

yes that is right that bitcoin can improve the economic condition of a country. in fact bitcoin is providing such opportunities to the people through which they can earn a good income, so through this way bitcoin can really improve the economic condition of a country. actually bitcoin is reducing the number of unemployed people of a country and making them as depending people.

freeyourmind

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In the current financial system, a lot of resources are dedicated to banking, and getting money from the central bank, as it passes through the banks until it reaches the end user. So getting money to a productive capacity isn't as efficient as it could be, as the banks become the middle man and take a piece for themselves.

Also wealth and income dictates the cost of debt. The cost of borrowing depends on level of affluence; the more wealthy the cheaper the debt.

From this perspective, Bitcoin would be more fair, as no one would get preference over anyone else. Whether that would actually improve an economy depends on how it's treated, but I think the potential is there. Removing banks from the equation and getting funds directly to a productive capacity would have some benefit to people as a whole, at the cost of the elite and large corporate interests.

Qartersa

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Quote from: illaslli on May 30, 2017, 07:07:40 AM

Bitcoin is a great asset but it doesn't improve efficiency in any meaningful way therefore I would say no it doesn't and won't improve the economy of a country.

Some altcoins on the other hand do offer some innovative things to improve efficiency through cost reduction (p2p often beats centralization in this regards).

I agree. Bitcoins doesn't really improve anything in the world except the part about finance. Bitcoins are just a medium of exchange and it doesn't really improve our lives in a way that we can efficiently improve aspects of it. But bitcoins could speed up our financial institutions. However, this part of life is not a bottle neck really.

wahb

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Quote from: batang_bitcoin on May 30, 2017, 06:48:58 AM

Quote from: Sled on May 29, 2017, 11:32:18 PM

Quote from: batang_bitcoin on May 29, 2017, 05:29:17 PM

Quote from: gabmen on May 29, 2017, 10:40:44 AM

Quote from: batang_bitcoin on May 28, 2017, 08:45:55 PM

Quote from: legarde23 on May 28, 2017, 03:06:39 AM

Of course it can, bitcoin can improve economy because bitcoin needs cooperation so in order to improve economy we need to cooperate

Yes it's an of course it will! Look on how the demand of bitcoin is increasing day by day. There are some people that are focusing now with bitcoin and a country is trying to observe the avoidance of taxation by these people. And they are seeing the potential of bitcoin,since they can't stop the bitcoin on using it, they will adopt it for it will improve the economy of a country.

well that means that there will be changes with btc once a country adopts it any there's a chance that butcoin itself will be taxed which of course may cause a decline in demand. the last price surge didn't really affect any economy and is mostly felt by people using btc.

The changes will be on the country and not to the whole bitcoin or blockchain technology. Bitcoin is as it is, the changes that are being done to bitcoin today is with it's current problems and confirmation time. The last price increase did really affect only most of us who are into bitcoin and especially to those that take out profit.

Yes it is up to the country if they will accept bitcoin then it will change their system and possibly earn more money with bitcoin because of the possible source of it like the growth of the price and maybe taxing bitcoin for the transactions within their country, the problem and issues of bitcoin is nothing to do for the economy of the country and even about the adoption of bitcoin because they all believe that it will be fixed soon.

That will be another good source of income for the country. Because they will make another taxation for the transactions that their people will do with bitcoin. And its going to be an advantage for them as it will make their people pay less when it comes to the transaction fees. So it is very possible that it can improve a country's economy.

bitcoin is in fact providing the opportunities to the people of a country to earn money. it is really helpful in reducing the unemployment ratio of a country, even those people who do not have enough money to invest then can also get chance to make money, through signature campaign and through so many other other ways, providing different services depending on the skill of a person.

illaslli

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Bitcoin is a great asset but it doesn't improve efficiency in any meaningful way therefore I would say no it doesn't and won't improve the economy of a country.

Some altcoins on the other hand do offer some innovative things to improve efficiency through cost reduction (p2p often beats centralization in this regards).

batang_bitcoin

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Quote from: Sled on May 29, 2017, 11:32:18 PM

Quote from: batang_bitcoin on May 29, 2017, 05:29:17 PM

Quote from: gabmen on May 29, 2017, 10:40:44 AM

Quote from: batang_bitcoin on May 28, 2017, 08:45:55 PM

Quote from: legarde23 on May 28, 2017, 03:06:39 AM

Of course it can, bitcoin can improve economy because bitcoin needs cooperation so in order to improve economy we need to cooperate

Yes it's an of course it will! Look on how the demand of bitcoin is increasing day by day. There are some people that are focusing now with bitcoin and a country is trying to observe the avoidance of taxation by these people. And they are seeing the potential of bitcoin,since they can't stop the bitcoin on using it, they will adopt it for it will improve the economy of a country.

well that means that there will be changes with btc once a country adopts it any there's a chance that butcoin itself will be taxed which of course may cause a decline in demand. the last price surge didn't really affect any economy and is mostly felt by people using btc.

The changes will be on the country and not to the whole bitcoin or blockchain technology. Bitcoin is as it is, the changes that are being done to bitcoin today is with it's current problems and confirmation time. The last price increase did really affect only most of us who are into bitcoin and especially to those that take out profit.

Yes it is up to the country if they will accept bitcoin then it will change their system and possibly earn more money with bitcoin because of the possible source of it like the growth of the price and maybe taxing bitcoin for the transactions within their country, the problem and issues of bitcoin is nothing to do for the economy of the country and even about the adoption of bitcoin because they all believe that it will be fixed soon.

That will be another good source of income for the country. Because they will make another taxation for the transactions that their people will do with bitcoin. And its going to be an advantage for them as it will make their people pay less when it comes to the transaction fees. So it is very possible that it can improve a country's economy.

Omegasun

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Quote from: anonbit992 on May 30, 2017, 01:53:51 AM

Yes, obviously. People who do not have banks near by or who doesn't have bank account (talking about third world countries) can use bitcoin.
Government can also tax bitcoin under securities regulations, which can bring in more revenue. They can even study bitcoin and come up with their own crypto currencies which can make fake notes hard to keep up.

Government should not deal at bitcoin for now unless they will find a way to put taxes on it withput engaging in corruption. Though countries adaptability of it will surely make big impact in economy

anonbit992

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Yes, obviously. People who do not have banks near by or who doesn't have bank account (talking about third world countries) can use bitcoin.
Government can also tax bitcoin under securities regulations, which can bring in more revenue. They can even study bitcoin and come up with their own crypto currencies which can make fake notes hard to keep up.

aniespresident

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I think if a nation exploit the possibilities of Bitcoin, it can help the economy of a nation. Basically by authorizing Bitcoin or recognizing it as cash and urge Bitcoin new companies to begin, it might pull in heaps of organization and financial specialists to wander a business, for example, trades or online shops situated in its nation. The administration then can procure from expenses hence expanding the nation income which can be use to upgrade and enhance the nations economy.

Dimelord

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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?

Its not about high price of bitcoin but the survival of bitcoin over the past eight years,its unmatchable block chain functioning and increasing volume of users day by day.It could definitely improve the economy of a country.We could see this clearly in under developed african countries switching to bitcoin since they already suffer from economic crisis.Iran trying to use bitcoin to bye pass US sanctions.Liberland announcing bitcoin as its national currency.Bitcoin is the best solution for countries suffering from inflation and economic crisis.

Sled

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Quote from: batang_bitcoin on May 29, 2017, 05:29:17 PM

Quote from: gabmen on May 29, 2017, 10:40:44 AM

Quote from: batang_bitcoin on May 28, 2017, 08:45:55 PM

Quote from: legarde23 on May 28, 2017, 03:06:39 AM

Of course it can, bitcoin can improve economy because bitcoin needs cooperation so in order to improve economy we need to cooperate

Yes it's an of course it will! Look on how the demand of bitcoin is increasing day by day. There are some people that are focusing now with bitcoin and a country is trying to observe the avoidance of taxation by these people. And they are seeing the potential of bitcoin,since they can't stop the bitcoin on using it, they will adopt it for it will improve the economy of a country.

well that means that there will be changes with btc once a country adopts it any there's a chance that butcoin itself will be taxed which of course may cause a decline in demand. the last price surge didn't really affect any economy and is mostly felt by people using btc.

The changes will be on the country and not to the whole bitcoin or blockchain technology. Bitcoin is as it is, the changes that are being done to bitcoin today is with it's current problems and confirmation time. The last price increase did really affect only most of us who are into bitcoin and especially to those that take out profit.

Yes it is up to the country if they will accept bitcoin then it will change their system and possibly earn more money with bitcoin because of the possible source of it like the growth of the price and maybe taxing bitcoin for the transactions within their country, the problem and issues of bitcoin is nothing to do for the economy of the country and even about the adoption of bitcoin because they all believe that it will be fixed soon.

ilovefeetsmell

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Quote from: cramcram21 on May 04, 2017, 03:22:46 AM

I think it can help lessen the people who doesn't earn or the unemployed,

I do agree with this line. It will help people like students, mother stay at home and what you have said, unemployed people. I am only a student but I earned money because of bitcoin. I worked very hard to earn it. It is very convenient to use and to earn it. Maybe it will help everyone to improve their status in life.

Quote from: cramcram21 on May 04, 2017, 03:22:46 AM

They can earn through this crypto currency and help their family and their selves .

It helped me a lot in terms of financial, I can buy on my own and all my wants and needs. It was very helpful for those people staying at their even the workers. It will give them as other opportunity to earn money or as a part time job.

Zenithar

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Quote from: Mpamaegbu on May 29, 2017, 02:00:52 PM

Yes I think Bitcoin can improve the economy of a country, provided that country adopts its use. Once adopted, it becomes a crucial part of the country's banking and financial systems. Transactions will then be carried out on Bitcoin level which is easier compared to the hurdles in banks.

in fact bitcoin is providing opportunists to the people to make bitcoin. specially for those people who do not have any money to invest, such people can earn bitcoin for free from signature campaign and from faucets, but the income come from these source are limited and if you have a little amount of money to invest then you can really invest a good amount of bitcoin there there there are more chances to make good profit.

jak3

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countries economic is actually depends on some facts, like no matter what other country's do but do your country's person accept Bitcoin as their payment method. do shops in your country accepts it. for me its clearly no sign of acceptency and that's the point where I realized that's it still needs a lot of awareness to began that adoption and when I can see that people around me actually using it then I will feel the true revolution.

batang_bitcoin

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Quote from: gabmen on May 29, 2017, 10:40:44 AM

Quote from: batang_bitcoin on May 28, 2017, 08:45:55 PM

Quote from: legarde23 on May 28, 2017, 03:06:39 AM

Of course it can, bitcoin can improve economy because bitcoin needs cooperation so in order to improve economy we need to cooperate

Yes it's an of course it will! Look on how the demand of bitcoin is increasing day by day. There are some people that are focusing now with bitcoin and a country is trying to observe the avoidance of taxation by these people. And they are seeing the potential of bitcoin,since they can't stop the bitcoin on using it, they will adopt it for it will improve the economy of a country.

well that means that there will be changes with btc once a country adopts it any there's a chance that butcoin itself will be taxed which of course may cause a decline in demand. the last price surge didn't really affect any economy and is mostly felt by people using btc.

The changes will be on the country and not to the whole bitcoin or blockchain technology. Bitcoin is as it is, the changes that are being done to bitcoin today is with it's current problems and confirmation time. The last price increase did really affect only most of us who are into bitcoin and especially to those that take out profit.

Mpamaegbu

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Yes I think Bitcoin can improve the economy of a country, provided that country adopts its use. Once adopted, it becomes a crucial part of the country's banking and financial systems. Transactions will then be carried out on Bitcoin level which is easier compared to the hurdles in banks.

piececake24

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I believe that the bitcoin is the future of my Country not in a way that my nation will become top nation in the world but in a way that the finances of every individual or families in my country will be even more lightly and more sufficient i know that bitcoin can improve the economy of any country becoz of the capabilities of a bitcoin to be earn even if the person have no educational background but through hardwork and perseverance, effort and eagerness this might improve one's life when it comes to financial

oegarod

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When majority of the population learn about bitcoin and starts using it, soon the dependence on bitcoin increases. So in future some situation might arise where the country's economy depends upon bitcoin or the virtual currency network.

Topic: Can bitcoin improve the economy of a country? - page 87. (Read 52289 times)