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Topic: Can Crypto redefine current economic models? (Read 932 times)
Currently there are systems that keep the FIAT monetary economy very stable, cryptocurrencies represent a big risk due to the high volatility, it can only represent businesses in countries with high inflation.
We can not forget that this economy is decentralized in nature, and that it moves by the law of supply and demand (according to Wyckoff) and in comparison with economies backed by reserves of gold and precious metals, people prefer what is safe . It is normal because the best economists recommend it.
And if you compare an economy in which it is decentralized in its nature, where it can not have control, which is managed by supply and demand, which can be moved by the whales, it represents for the economists and government advisors a great risk that does not They want to run, but for the economies of the people in particular if it can represent a great way out.
So the impact on the traditional economy has not been experienced yet, because the only country that has tried to do it is Venezuela, but with a poor development, and due to its political problems it has not been possible to implement, since the token that they have created is of a centralized nature.
We can not forget that this economy is decentralized in nature, and that it moves by the law of supply and demand (according to Wyckoff) and in comparison with economies backed by reserves of gold and precious metals, people prefer what is safe . It is normal because the best economists recommend it.
And if you compare an economy in which it is decentralized in its nature, where it can not have control, which is managed by supply and demand, which can be moved by the whales, it represents for the economists and government advisors a great risk that does not They want to run, but for the economies of the people in particular if it can represent a great way out.
So the impact on the traditional economy has not been experienced yet, because the only country that has tried to do it is Venezuela, but with a poor development, and due to its political problems it has not been possible to implement, since the token that they have created is of a centralized nature.
most of the fintech companies are following blockchain and cryptocurrency so we can successfully fin tech field cryptocurrency influenced a lot
in my opinion bitcoin can define the current economy. because currently the economy basically requires demand and supply where bitcoin already has it plus bitcoin already uses blockchain based technology
Of course, bitcoin can be part of a country's financial system changes within the framework of development, because bitcoin uses a blockchain and decentralized system so that it can suppress waste or improper spending.In other words, it can reduce or eliminate corruption that causes losses to the state. In addition, ensuring that the project work or development goes as expected.
On the one hand, this is a good goal, but on the other hand, it can have a very detrimental effect on human development. Already, there are a lot of primers that people and companies that create unique products and work hard will feed and help those people who do not want to work and who are quite happy to live at someone else’s expense without doing anything. Capitalism is so constituted that each of the people understands that in order not to die of hunger and live well he must earn money. Humanity has not yet invented anything more viable. I am in favor of replacing human work with robots but at the same time a person must continue to work. I would create an army of scientists. )
It needs to move on either in good direction or bad direction so both these things are always important to trust about the Bitcoin because if economy was not being good it will definitely needed the support from cryptocurrency especially Bitcoin so I think it can possible to change the economic situation very easily.
A possibility! That is of course if cryptocurrency will be used in totality not just in a country but as well in the whole world which is by now starting to take effect. I don't know how large the effect would be, but he possibility of cryptocurrency is really getting near as people have positive responses to its utility. This could be evidence by so many ICOs that have grown in numbers as the years have passed by since its first usage.
it is true that in the cryptocurrency world all possibilities can happen and the more people who know the ICO and know the benefits of being a participant from ICO it will make a lot of ICO successful.
A possibility! That is of course if cryptocurrency will be used in totality not just in a country but as well in the whole world which is by now starting to take effect. I don't know how large the effect would be, but he possibility of cryptocurrency is really getting near as people have positive responses to its utility. This could be evidence by so many ICOs that have grown in numbers as the years have passed by since its first usage.
of course, crypto currencies are now widespread and have become part of the economy in several countries.
Crypto currency has become a currency that is recognized in several countries around the world, and has become a model of future currency exchange.
true blockchain-based bitcoin promotes the crypto world on the internet with various advertisements installed and several countries glancing and finally legalizing and becoming the currency after fiat money from their respective countries Crypto currency has become a currency that is recognized in several countries around the world, and has become a model of future currency exchange.
in my opinion bitcoin can define the current economy. because currently the economy basically requires demand and supply where bitcoin already has it plus bitcoin already uses blockchain based technology
There are still many who rely on fiat and banks, so bitcoin functions as usual and may only be able to change the economy of individuals.
It is not easy for crypto to define the economic model with many governments that have not been able to adopt it.
It is not easy for crypto to define the economic model with many governments that have not been able to adopt it.
I think socioeconomic goals are human base and at that the whole economic process drive on human involvement and the role of machine can not replace that of human resources so at this cryptocurrency can only enhance human economic situation, but can not drive mean of replacing the economic process of the human populist.
Unless and unill government accepts bitcoin, no change is going to take place. Bitcoin can change the economy standard of a country. To be fact, the government who accepts bitcoin is going to be the top developed country.
Hard for bitcoin to replace current economy system. Our current system dominated by bankers and government like or not depend on central banks to boost growth. Bitcoin have limited supply and its not flexible for government to adopt bitcoin as national currency
I think socioeconomic goals are human base and at that the whole economic process drive on human involvement and the role of machine can not replace that of human resources so at this cryptocurrency can only enhance human economic situation, but can not drive mean of replacing the economic process of the human populist.
Unless and unill government accepts bitcoin, no change is going to take place. Bitcoin can change the economy standard of a country. To be fact, the government who accepts bitcoin is going to be the top developed country.
I think socioeconomic goals are human base and at that the whole economic process drive on human involvement and the role of machine can not replace that of human resources so at this cryptocurrency can only enhance human economic situation, but can not drive mean of replacing the economic process of the human populist.
Unless and unill government accepts bitcoin, no change is going to take place. Bitcoin can change the economy standard of a country. To be fact, the government who accepts bitcoin is going to be the top developed country.
I think socioeconomic goals are human base and at that the whole economic process drive on human involvement and the role of machine can not replace that of human resources so at this cryptocurrency can only enhance human economic situation, but can not drive mean of replacing the economic process of the human populist.
Unless and unill government accepts bitcoin, no change is going to take place. Bitcoin can change the economy standard of a country. To be fact, the government who accepts bitcoin is going to be the top developed country.
I think socioeconomic goals are human base and at that the whole economic process drive on human involvement and the role of machine can not replace that of human resources so at this cryptocurrency can only enhance human economic situation, but can not drive mean of replacing the economic process of the human populist.
Unless and unill government accepts bitcoin, no change is going to take place. Bitcoin can change the economy standard of a country. To be fact, the government who accepts bitcoin is going to be the top developed country.
A more blockchain based economy would increase the level of automation,which means less workforce required,but I'm not sure that it will help for a fair redistribution of wealth.The current tech corporations have little amount of employees,but they have lots of other costs and they invest a lot in startups.
There's no easy answer for your question.
Crypto currency technology can only reach places where there is an internet connection and supporting facilities in the region. something like this is an obstacle for crypto currencies to be able to replace paper currencies. if we see that the current sale and purchase is still dominated by traditional buying and selling and that there are still many remote areas, it still takes a long time to be able to make a blockchain based economy. There's no easy answer for your question.
At present, the transaction volume is too small to have any influence.
But, who knows, may be in the next future...
But, who knows, may be in the next future...
I think socioeconomic goals are human base and at that the whole economic process drive on human involvement and the role of machine can not replace that of human resources so at this cryptocurrency can only enhance human economic situation, but can not drive mean of replacing the economic process of the human populist.
Unless and unill government accepts bitcoin, no change is going to take place. Bitcoin can change the economy standard of a country. To be fact, the government who accepts bitcoin is going to be the top developed country.
I think socioeconomic goals are human base and at that the whole economic process drive on human involvement and the role of machine can not replace that of human resources so at this cryptocurrency can only enhance human economic situation, but can not drive mean of replacing the economic process of the human populist.
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