Topic: Crypto Currencies - Solution for dying Economies - page 3. (Read 541 times)
yes, you are right, It might help e alot to the economy who don't have the monetary asset but have so many others to compile with. But the biggest barrier here would be the governments of that countries. Hope this idea will work and get introduced.
Yes, I agree with you. This can be a unique thing to do. But, there will be a lot of barrier in this case. First of all, Crypto currency is still not get adopted by many developed countries so how could we think that the underdeveloped and developing country will accept it.
I agree with you, countries with natural resources such as petroleum, gas, coal, copper, iron seeds and other natural minerals can raise funds by inviting investors to join their ICO and fund their projects, if this happens in a country then the economic gap will be reduced and the country society will be happy.
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.
I don't know about that. there are still a lot of people who are very hesitant or somewhat avoiding cryptocurrency. People are scared of it because they don't really comprehend what the capabilities of blockchain technology. How can you expect a government to trust cryptocurrency when people are not yet educated about it.
Your concept is good but what I believe is that there will be so many challenges because of the people itself of that countries. The government may not agree with that, as well as the people might not adopt this in a very positive way.
Yeah i am completely agree with you. Cryptocurrency can be a good option for the countries which have economic problems. Besides it can be an economic solution for all the country of the world.
Many countries are still not yet opened both their eyes and mind about investing in Cryptocurrencies since it's way too risky for them to invest on a fluctuating market. However, this is still a good idea for the government to reach out on cryptocurrency and seek profits for the good of the economy.
cryptocurrency is very popular and used all over the world. if a third world country uses this, they must do something good and in demand. it will make their capital and more profit in the future. I think that in the future it will bring more profit.
Cryptos will be used in far greater numbers in the coming years... by governments I mean.
And hopefully not just corrupt governments like Venezuela.
Countries like Italy could use a crypto alongside Euro so that they could devalue it and counter inflation.
And hopefully not just corrupt governments like Venezuela.
Countries like Italy could use a crypto alongside Euro so that they could devalue it and counter inflation.
Not only third world countries but also first world countries can be benefited with cryptocurrency. It has created a huge opportunity for the world. I think every countries should accept it for their betterment.
I think some countries from third world has some trust issues regarding cryptocurrency. That's why the governments don't wanna take this opportunity. They should know about the proper utilization of crypto.
Most developing countries do not have gold reserves, which ensures stable operation of the financial system. Such countries are puppets of strong countries. It's a good idea to use crypto currency instead of gold.
Absolutely brilliant idea. But the problem is those country also lack proper education about crypto world. So this is highly unlikely you will get it in the practical world. Still hope for the best.
Nations of the 3rd world are being controlled by ground-breaking economies. The nation which has oil, gold minerals and visitor puts, however, does not have enough finances to put resources into these ventures.
I agree with your statement. I think this is the only way to fight against the world’s economic dominators for developing or small countries. I hope this happens soon
but what happend with the crypto currency
it's also dying ! or what !
it's also dying ! or what !
Well it’s true that if people from developing countries back up and invest on crypto market, both them and crypto market will be helped. But I am not sure that they will do it soon as they barely know about crypto
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 sounds good, yet they need to attract brains from all over the world which means they have to have enough money for paying them enough 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.
In this world it is not possible to rise for many countries having potential resources just because rich countries dominate the market. so investing on crypto would be an option for them as it is decentralized
I think this is a good idea for the countries those are lacking fund to develop or utilize their resources. If they bring up ICOs regarding these sectors and estimate the profit, I guess people might be interested to invest.
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