Cryptocurrency could benefit the world's economic welfare?

cahbagus555

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Quote from: Evil eye on July 29, 2018, 07:58:08 AM

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

I think, more good news for cryptocurrency community. Cryptocurrency already accepted in several advance country and i think others country will follow. More country recognized cryptocurrency will make market recovery again more faster

buternasek

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I am very sure that cryptocurrency can be useful for the whole world, just need a little patience. currently the world is trying to adapt to bitcoin. I am sure that in the future, bitcoin will be accepted globally and recognized by the world.

EddyGameta

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Quote from: fiulpro on July 29, 2018, 09:36:33 AM

It is off course true , the developing countries are in fact scared that someday..there will be too many investors and the cryptocurrency will loose the value and the whole economy of the country will break down

Scammers are also a scary thing that the government is trying to prevent its people from being trapped from them, it’s naive but this is the reality, the government is still turning a blind eye to this development era which supposedly welcomed well.

Quote from: Quinni on July 29, 2018, 09:47:57 AM

Crypto currency is just a speculative product, which is likely to bring benefits to the world when the market is good.

How deep have you studied about crypto? It’s true, many people use it as a tool for a quick profit, like you are.

prokerduit

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Quote from: Evil eye on July 29, 2018, 07:58:08 AM

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

maybe in my opinion the cryptocurrency economy will continue to grow over time. the more countries that legalize cryptocurrency in their countries, the economy will be good.

junglist.massive

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Crypto can’t be applied to each country, each country has its own economic problems and crypto isn’t the main solution or popular for most countries in the world. If the world needs a digital currency, we have Bitcoin, if you don’t like Bitcoin you can use altcoin

so98nn

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Quote from: Evil eye on July 29, 2018, 07:58:08 AM

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

One of the key issues here would be the cost of implementation. Most of the developing and third world countries where this welfare is most needed lack the proper infrastructure needed for the wide use of cryptos.

But if these countries do find a way to implement cryptocurrencies economically, it would surely revolutionize their overall consumption and GDP figures.

Rechargers

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In my opinion, if some countries are completely cryptocurrency accommodated while others only have cash money transfer systems it may cause some issues in export/import practice, like what currency should be used, which exchanges and what fees should be paid for transactions, etc. Any thought?

mackenzie5

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Crypto currency is new form of digital currency with the strong net work systems and can be operated world wide This is connected. with the modern technology. Bitcoin is the first crypto currency with the specific characteristics so bitcoin has attracted by the global investors and bitcoin popularity has wide spread world wide. Bitcoin was useful for some country's economic crises to overcome the inflation .Bitcoin will not effect any inflation and it can operate parallel to the national currency.

PonyBoy

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Quote from: Evil eye on July 29, 2018, 07:58:08 AM

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

Yes I believe it can start that, but the main point is in our hands that we will be a alowingit to develop in the terms of our involvement, what I mean is that people needs to be involved and to stay positive.

Donggou

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Yes, this is a two-sided problem. Although Bitcoin is also a very good place like ICO, ICO is also a disadvantage of Bitcoin because they have some scams. But I think these just take time, and the future cryptocurrency market is wonderful.

DaughterOFbitcoin

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Quote from: Priaa165 on August 08, 2018, 01:41:12 PM

This is a solution to the limitations of the conventional financial system that exists today. Even though it can't be used evenly, but I believe this method will become a trend in the next 10 years because in addition to being more flexible, this method is safer for users who really understand the concept.

For the next few coming years, we will be seeing so amazing trend of bitcoin everywhere. You would be seeing this coin rising in stock market and the business and payment methods and much more would be endorsed with crypto currency. Especially those people who aren’t much interested in bitcoin now, they would be regretting over this decision later.

googs84

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Give me a break ! Crypto currencies are being put at the place of fiat through such statement but I dont think that anything like that will happen. Come on guys we should be well aware that how crypto currencies are not close enough to the fiat. Its nature and characteristic are too much differential than what is needed by the crypto currencies to be able to have the place of economic welfare. Do you really think that all these news that are being flashed are just typical news and without any backings to them. Believe me.

Priaa165

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This is a solution to the limitations of the conventional financial system that exists today. Even though it can't be used evenly, but I believe this method will become a trend in the next 10 years because in addition to being more flexible, this method is safer for users who really understand the concept.

binghope

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Yes, if applying BTC in many areas, it is very useful. If there is a rule that allows BTC to only vibrate within that range, it is great to bring the BTC closer to our lives.

pimkobai

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I think it's not only US and Canada could benefit from the cryptocurrency market. I believe this can benefit also other countries in Asia and other parts of Europe and Africa. Cryptocurrency is an opportunity for the people to get involved in the field of mining, investment and joining bounties where many people are participating to earn profit.

redsun114

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Quote from: Anamika143 on August 07, 2018, 08:15:29 AM

Is it really true that only Canada and the United States will get financial welfare through Bitcoin? Because many countries are currently using Bitcoin for various purposes. Bitcoin is being used all over the world and every time many countries and people are joining in bitcoin. That is why Bitcoin is a global online currency and it will bring economic well-being around the world.

Not only to UK or US rather every country or every single person who is involved in bitcoin now, could be able to earn profit from it. We people often start believing over wrong statements and fake news, but sensibility must be shown in this regard. This decision could be valuable addition to your life but on same level it could be destruction for you too.

Anamika143

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Is it really true that only Canada and the United States will get financial welfare through Bitcoin? Because many countries are currently using Bitcoin for various purposes. Bitcoin is being used all over the world and every time many countries and people are joining in bitcoin. That is why Bitcoin is a global online currency and it will bring economic well-being around the world.

paynercash

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Quote from: sublime5447 on August 02, 2018, 02:00:35 PM

Actually they also have their own digital systems but the journal or the article doesn’t mention about blockchain, cryptocurrency that (which in general) using blockchain is inversely proportional to the centralized bank system, and what needs to be highlighted next is the node problem in each branch that must be qualified to store more data.

The press and the media do not talk about Blockchain really is a disadvantage for those who do not know it. By the blockchain era, brought in many different colors and many applications in life. In the future, I think the machines will work for human beings. The same goes for electronic money that comes with many benefits for the community: profit, online transactions, fast and inexpensive. It will promote the world economy is certain.

ExtremeFacials.com

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Quote from: Evil eye on July 29, 2018, 07:58:08 AM

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

In hands of wise and young economic experts cryptocurrency is able to create and develop miracles, just like this small village in Japan, who are totally functioning on blockchain and crypto!

bizarro

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Quote from: Evil eye on July 29, 2018, 07:58:08 AM

Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

In my opinion the biggest opportunities are held in the hands of people, bitcoin and cryptocurrency is just a tool with help of which we can both destroy or improve the existing economic system but the last word is in our mouth.

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