Can bitcoin improve the economy of a country? - page 88.

gabmen

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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.

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Quote from: ipungadhi on May 28, 2017, 05:25:43 PM

Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I think there will be a way to give tax to bitcoin users, maybe by bitcoin bank? It might be done. But I'm not sure bitcoin users will want to use it

Saying bitcoin bank where bitcoin is basically created in order to make the decentralised financial system just doesn't make sense. If the government themselves want to tax the bitcoin users, the users need to make a letter of recognition in regard to their real amount of wealth, of course, there's always exists some possibilities that the target of taxation's real amount of wealth could be faked.
Rest assured that there will be no silly bitcoin bank.

batang_bitcoin

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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.

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Quote from: BunnyShibe on May 28, 2017, 07:13:13 PM

Quote from: Xester on May 28, 2017, 03:05:39 AM

Quote from: NEWGOODOUBLE on May 28, 2017, 02:34:41 AM

Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I think it could have given a good change to a country. But not from profits to the government. But from the economy of every citizen in the country. Bitcoin can change a person's finances

If bitcoin can increase a persons finances then a person can buy the things he wanted which means that the business sector will improve. When the business sector improves more business will open and more jobs will be made that will lessen the unemployment rate. This just shows that bitcoins can have a huge impact on the economy of a country.

i think yes there is no doubt that bitcoin can increase and improve the financial status of a person if a person have good experience in trading altcoin then he can really make a good profit from trading altcoin, bitcoin already increasing the financial status of a person. and hope that in future it will become more helpful for those people who are jobless and do not have any business.

Bitcoin here is one of the reason why jobless people are earning money and they are all just depending in bitcoin, when i introduced bitcoin to them they are so amazed for the benefits and possibilities of bitcoin and now they are using bitcoin for a living and they are proud to say that most of the bitcoin users here are earning an average to above average money per month which is almost the same or even more than the salary of the employee here.

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Quote from: Xester on May 28, 2017, 03:05:39 AM

Quote from: NEWGOODOUBLE on May 28, 2017, 02:34:41 AM

Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I think it could have given a good change to a country. But not from profits to the government. But from the economy of every citizen in the country. Bitcoin can change a person's finances

If bitcoin can increase a persons finances then a person can buy the things he wanted which means that the business sector will improve. When the business sector improves more business will open and more jobs will be made that will lessen the unemployment rate. This just shows that bitcoins can have a huge impact on the economy of a country.

i think yes there is no doubt that bitcoin can increase and improve the financial status of a person if a person have good experience in trading altcoin then he can really make a good profit from trading altcoin, bitcoin already increasing the financial status of a person. and hope that in future it will become more helpful for those people who are jobless and do not have any business.

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Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I think there will be a way to give tax to bitcoin users, maybe by bitcoin bank? It might be done. But I'm not sure bitcoin users will want to use it

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Quote from: MingLee on May 27, 2017, 10:41:28 PM

Quote from: prass tyo on May 27, 2017, 10:31:54 PM

Quote from: Seansky on May 03, 2017, 08:44:30 PM

Bitcoin can improve a country's economy even if it is just a way to pay, or another currency to use which I think would not help in improving economy especially now that sometimes it can aid on tax evasion. Despite that, many people can earn big on bitcoins via investments but it can really bring harm to those remittance services because it is easier to send money with bitcoins rather than using remittance which is a source of tax collections of the government but still bitcoin can improve people's lives.

Maybe bitcoin is made to facilitate its users, maybe with the reduced unemployment it can change the country's economy is not looking for income in bitcoin as well as work thus per capita income of a country will change because society its income also rise because bitcoin

Bitcoin would be doing next to nothing when it comes to changing the face of a country's economy if it is in any decent shape to begin with

I'd rather say it would actually hurt it

Provided Bitcoin could in fact substitute fiat, which is next to impossible. In a nutshell, if printing of fiat is tightly controlled and currency in general does what money should, i.e. facilitates the free exchange of goods and services, Bitcoin can hardly compete with it. If we forcefully substituted the fiat currency with Bitcoin, it wouldn't be as affective and efficient as the former, and therefore it would necessarily drag the economy down. On the other hand, if fiat gets "overprinted", Bitcoin could potentially be a better currency (given its scalability issues are resolved, of course), but ultimately a properly managed fiat currency would defeat and beat Bitcoin hands down any day of the week (weekends included)

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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?

Now, different countries open in bitcoin as a virtual currency.
Why?
Bitcoin is already used in online advertisement by different companies in from different countries that contribute in economic exchange of two or more countries transact using bitcoin currency.

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Presently bitcoin had not really improve the economy of any country, to improve the economy of such a country firstly, every bitcoin transaction should be taxed this provides more income to the economy.
Secondly, Bitcoin earned through offering of services will create employment opportunities for some individuals in that country which will surely improve the economy.
Lastly, every country should adopt bitcoin as a universal virtual currency this will improve the economic of all the countries.

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Quote from: stevano on May 26, 2017, 11:25:34 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?

At least so because if a country there are many people who use bitcoin at least their per capita income will increase, because we know now that bitcoin is very high value, that is the advantage that can be obtained from bitcoin.

I think the state legalize the bitcoin can make the economy of a country better because they will have many workers who will go in bitcoin and improve one's life

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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 its not because of the price because price in not fixed sometimes its increase but there also time that it decrease. I think it because many bitcoin users in their country. If the government accept bitcoin as a currency of their country it has a big possibility to grow their economy.

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Quote from: Sled on May 28, 2017, 01:32:05 AM

Quote from: BeGoods on May 28, 2017, 12:07:02 AM

Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I agree with you seeing bitcoin can not be traced due to anonymous factors. Even the government will not know anyone who uses bitcoin? Because they are invisible. I think giving taxes to bitcoin users is a stupid thing

Government have a power and they can make a site or exchanger that will enable them to track down the users of bitcoin in their country and we all know that the government is not that small time organization and they are one of the powerful organization in the world so they will find a way to solve that anonymity issue of bitcoin to have more security.

No matter, how powerful is the government of the country, one should keep in mind that no government can un-ban the anonymity feature of bitcoin. And Mind it anonymity is not a issue but a great feature of bitcoins. Most government do not accept and make legal bitcoin in their countries only because they will have no control over it ,if implemented.

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Quote from: Xester on May 28, 2017, 03:05:39 AM

Quote from: NEWGOODOUBLE on May 28, 2017, 02:34:41 AM

Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I think it could have given a good change to a country. But not from profits to the government. But from the economy of every citizen in the country. Bitcoin can change a person's finances

If bitcoin can increase a persons finances then a person can buy the things he wanted which means that the business sector will improve. When the business sector improves more business will open and more jobs will be made that will lessen the unemployment rate. This just shows that bitcoins can have a huge impact on the economy of a country.

Where will you take bitcoins? To gain bitcoins you must withdraw from the money economy. Additionally trading with bitcoin sellers do not pay taxes. Many investors prefer to invest in the real sector, and in bitcoin which leads to deficiency of investment. It will help to develop the economy. I think that bitcoin is destroying the economy.

legarde23

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

Xester

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Quote from: NEWGOODOUBLE on May 28, 2017, 02:34:41 AM

Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I think it could have given a good change to a country. But not from profits to the government. But from the economy of every citizen in the country. Bitcoin can change a person's finances

If bitcoin can increase a persons finances then a person can buy the things he wanted which means that the business sector will improve. When the business sector improves more business will open and more jobs will be made that will lessen the unemployment rate. This just shows that bitcoins can have a huge impact on the economy of a country.

Theb

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Well it can in several ways. From foreigners using Bitcoin as some kind of currency it will increase that country's flow of money. Also if the citizens in general use Bitcoin interchangeably with their Fiat it will have a positive effect on all of the businesses in general. But when you think of it the general use of money will always result into a positive economic growth.

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Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I think it could have given a good change to a country. But not from profits to the government. But from the economy of every citizen in the country. Bitcoin can change a person's finances

Sled

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Quote from: BeGoods on May 28, 2017, 12:07:02 AM

Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I agree with you seeing bitcoin can not be traced due to anonymous factors. Even the government will not know anyone who uses bitcoin? Because they are invisible. I think giving taxes to bitcoin users is a stupid thing

Government have a power and they can make a site or exchanger that will enable them to track down the users of bitcoin in their country and we all know that the government is not that small time organization and they are one of the powerful organization in the world so they will find a way to solve that anonymity issue of bitcoin to have more security.

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Quote from: Azurecde on May 27, 2017, 10:48:21 PM

cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

I agree with you seeing bitcoin can not be traced due to anonymous factors. Even the government will not know anyone who uses bitcoin? Because they are invisible. I think giving taxes to bitcoin users is a stupid thing

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cant say if it can improve economy , but it can destroy the economy , as bitcoin is anonymous it is difficult for government to control the money flow and get tax from that

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