Topic: Crypto Currencies - Solution for dying Economies (Read 541 times)
I believe that the calculation and adoption of cryptocurrency in the country at the state level further destabilizes the economy
Countries of third world are being controlled by powerful economies. They are always at the risk of Financial recession. Many Countries have valuable natural reserves or potential to do progress.
country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.
yes it is one of the ways of developing independent, as much as it possible in present world, economy and at the same time applying crypto, giving it a chance to work for bigger purpose country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.
I think for now cryptocurrency is not ready to be a solution for economic growth, besides because there are still many governments that have not received crypto, also because the situation is still very unstable
Yes, they have to use it for their economic growth. And I'm with backing it with real value for price stabilization!
I can not say that volatile cryptocurrency is the best solution for third world countries
Of course, if the national currency is very weak, then as an alternative it is wonderful to accept the cryptocurrency at the state level and solve the problem
Already, in some African countries they use cryptocurrency on par with the US dollar. All because the national currency is even more unstable than the cryptocurrency. But I would not consider this a panacea, especially considering the mentality of the population and constant wars. Where war is going on - there can be no stable economy.
Can you explain me how crypto can help the whole country please? Some special services have trade on the market or some certain people who succeed at this will help their country by donating money that they earned?
I am totally agree here, crypto can solve this one very easy and there will be less problems and disadvantages in this system of working. I think crypto is very suitable for replacing even in part.
I think that cryptocurrencies investors can invest their money into something more "real" like oil, diamonds and other stuff that third world countries have and by doing this they will help those countries.
America can no longer support the dollar economy because of the huge national debt, perhaps the cryptocurrency economy will come to replace the dollar.
It can't because the dollar has already supported by regulators and crypto can't do anything with it because the regulators have all of the controls about the regulation and they can do whatever they want. It will be so long for crypto to replace the fiat value consider it's still too early and even the regulators said that crypto is not enough scalable especially for bitcoin
It is a quite great conclusion for the crypto's development. I suppose that crypto will replace economics and its independence will be the general plus there.
Countries of third world are being controlled by powerful economies. They are always at the risk of Financial recession. Many Countries have valuable natural reserves or potential to do progress.
country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.
country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.
That could be good idea but I see that it is coming under the government control only. The oil, gold, and stuff like that is all about the government controlled assets which means if they ever create the coins then that will be all controlled. Just like the ripple which sniffing the money from our pocket the government will do the same thing for sure. The potential is huge, but you know very well how the government and stuff works like, they may start to insure huge taxes and set up different system here. Everything is mystery.
The problem is the uncertainty of the crypto market. Sometimes it can make the people more poor if they invest money in this market. The price is not much stable to bring that kind of a proposal I think.
I think maybe cryptocurrency can be a solution for a country's economic development and in my opinion cryptocurrency with blockchain technology can turn the financial world into a transparent and better
Countries of third world are being controlled by powerful economies. They are always at the risk of Financial recession. Many Countries have valuable natural reserves or potential to do progress.
country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.
country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.
It is also very usefull and be a solution for countries are having the inflation situation such as Venezuela. Crytocurrency are being using a lot at these countries
you are right and that is a promising idea, only the problem now is that in those countries human resources are lacking and maybe they don't see crypto as an opportunity to develop their economy.
Right now crypto is not a one stop solution for anything. Being in infancy still, all this is simply conjecture and pointless too.
Well I think that this problem that was described by author surely may be solved by cryptocurrencies. But only if government of this country itself understands it.
Your purportion is an actual fact that if worldly Economies especially the less developed ones could adopt, recession shall in no doubt be wiped off their society. But many Governments are still not ready to adopt or looked critically into Areas where these Cryptos could be of importance supporting the Growth and Development of such Economy. Gold, Mineral oil and some Agricultural Produces could be aligned with Crypto to breed a more better Economy.
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