Cryptocurrency is important for a country? or not... - page 3.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: tokyohd on October 12, 2021, 05:12:34 AM

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

i don't need to answer the question one by one but what i cans say is "Personally we need cryptocurrencies" i have been in this market for years now and still using crypto and this is an advantageous for every transactions i made .
so Yes this is very important.

kaya11

full member

Activity: 1344

Merit: 110

SOL.BIOKRIPT.COM

Quote from: tokyohd on October 12, 2021, 05:12:34 AM

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

In my own perspective, it is but not too much. Well I am gaining from it due to investing in nft's, mining coins like eth and other free stuffs like bounties. As far as I am concerned it will help a little due to taxes that I pay to the government since you've said a developing country. I am very much sure that my tax won't be wasted and even it is still a little it will help.

About hindrance, I don't surely get the basics of economy as I don't really know, what I can say it there are disadvantages in all investments specially with this kind, so volatile. If somehow it drags a growth of a country well see the news everywhere where scams and hacks are rampant, I don't really know the impact of it but as we can see it creates problems to the state because we all know blockchain is somehow giving authorities a hard time to deal with the bad guys.

nicolerichardson

newbie

Activity: 24

Merit: 0

There is no denying the fact that cryptocurrencies are important for any country because of the people’s trust in them. They are transparent and offer a faster and safer way of making transactions. If people decide to hold them for a longer period of time, it can also help them fight inflation.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: syntac on November 16, 2021, 12:54:30 PM

Of course very important. A country actually really needs Cryptocurrency, provided they make their own cryptocurrency and require its people to use it in order to become popular. If a country has its own cryptocurrency, then that country is not dependent on FIAT let alone dollars.

I also have the same opinion, that cryptocurrency is very important for the development of a country. Because crypto can provide alternative
payment options other than fiat, but unlike fiat, crypto can be a source of income. Therefore I really support if every country has their own crypto,
so that they can be used for payment options other than fiat at least in their own country. After that, residents can use crypto as a source of
income, indirectly increasing the economy of a country. Crypto with blockchain technology if used properly should be able to make the country
more developed.

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: tokyohd on October 12, 2021, 05:12:34 AM

Cryptocurrency is essential for the development of a country?

Cryptocurrency is must essential for the development of a country. Cryptocurrency will drive the country's economy forward. And economic development of the country means development of the country.

Quote from: tokyohd on October 12, 2021, 05:12:34 AM

Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?

Do you know what cryptocurrency is? If you know this it will make you think that cryptocurrency must work for the good of a country. Which is what I'm thinking

syntac

full member

Activity: 338

Merit: 100

Of course very important. A country actually really needs Cryptocurrency, provided they make their own cryptocurrency and require its people to use it in order to become popular. If a country has its own cryptocurrency, then that country is not dependent on FIAT let alone dollars.

giammangiato

legendary

Activity: 1862

Merit: 1327

Quote from: ?? on ??

Quote from: tokyohd on October 12, 2021, 05:12:34 AM

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

In my opinion, cryptocurrency does not play that essential role. However, it can be useful for the development of countries.

Crypto currencies at the moment do not give a tangible sign of financial power in world countries, but banks are afraid of this, in many countries the use of cryptocurrencies is limited, they are of the opinion that they could solve many problems related to poverty, the problem is that governments intend (they will in the future) to tax this too! Illegal things can be done with both cryptocurrencies and fiat currency, the question goes deeper ..

israt1@

member

Activity: 924

Merit: 18

https://imgur.com/yw8HFn9

Op. Explain exactly what you mean. Because no country can carry cryptocurrency. Yes, if you say it should be used as a developed country. Because in a wallet in cryptocurrency you can keep a lot of money transactions and savings. As such, your word could be accepted.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: tokyohd on October 12, 2021, 05:12:34 AM

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

I do think that adoption of cryptocurrencies has positive effects on the development of a country.

Since cryptocurrencies have become a staple payment as an alternative payment to most businesses for their products/services, this provides a cashflow in the country. Anything that enters within the country's jurisdiction as money is always beneficial. Money entered into the country can be likened to as remittances from OFWs. But then again, this has to be regulated by the government to take advantage of its full effects first.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Currently El Salvador has been setting the standard in terms of critical currencies and more specifically in BTC, you can also talk about the impact on other countries, most recently Panama is studying through a bill the use of BTC and certain cryptocurrencies, this also makes some tokens famous, but only those that are authorized by the government, also another current of possible adoption is in Argentina, Paraguay, these are countries that are considering entering the BTC economy. Venezuela has always wanted to enter, but it has done things wrong, and although it has a large trading volume, there is a lot of ignorance regarding BTC.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: Obito on November 09, 2021, 11:24:31 PM

Not so essential to be honest because not everyone uses cryptocurrencies in a country, they're probably around the low end percentage of the population so it's not that big of an impact that they have when they're using cryptocurrencies. Maybe now that there's more NFT and P2E games, it might be different.

Agreed, because not all countries are first world, and not all people have internet right now, it is not essential for the time being. But, when it comes to NFT and P2E games, where those who are unemployed due to the pandemic are beginning to earn money through cryptocurrencies, I believe it is critical now for those unemployed who are earning crypto because they can feed their families through crypto. If we're talking about individuals, I'd say it's important to me right now, but it's not in our country.

jinneas

member

Activity: 116

Merit: 23

Although cryptocurrency is a new opportunity under the current economic trend, it will bring a lot of wealth effects and freedom. But it is not necessary for the country's development, nor will it determine the country's economic status.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: Obito on November 09, 2021, 11:24:31 PM

Not so essential to be honest because not everyone uses cryptocurrencies in a country, they're probably around the low end percentage of the population so it's not that big of an impact that they have when they're using cryptocurrencies. Maybe now that there's more NFT and P2E games, it might be different.

Definitely not critical and very strongly unessential,,, people love the El Salvador news but the recent developments there prove that crypto was not seen as essential for the citizens. And Bitcoin was created to be a peer to peer type of money. If the people do not feel it is important enough there, then it is not ready or essential for them. It is hard for a p2p currency to argue against majority right?

Obito

sr. member

Activity: 1274

Merit: 293

Not so essential to be honest because not everyone uses cryptocurrencies in a country, they're probably around the low end percentage of the population so it's not that big of an impact that they have when they're using cryptocurrencies. Maybe now that there's more NFT and P2E games, it might be different.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: ?? on ??

Quote from: KingsDen on November 08, 2021, 06:52:55 PM

Cryptocurrencies have great effects in the countries. Positively by empowering the poor, creating job opportunities and encouraging self employment, breaking the bearings in international trade etc. If also affects a country by the amount of energy consumption, encourages crime and tax evasion.
However, Cryptocurrencies were not created for country bases but for freedom of finance by humanity.

Inmy country its still not widely as estaliahments or businesses still did not accept crypto. But it helps many individuals who are knowledgeable in crypto on how to trade as well know how ICO and games related woth crypto. Some able to quit 8-5pm job to do full time in trading or grinding in gaming. It will depend on the user how to take it as an opportunity as the government still fears the possible outcome of crypto.

On here there are some services or establishments are accepting SLP as a payment of their services or food or goods which is really great to look upon when it comes to recognition but i dont know on whats the stance of the government but pretty sure that they are really allowing it and of course taxation would be just normal but
wondering on how they would gonna impose it and on the question on regarding if its that important then well its just an optional because
government would be still the final ones who would gonna decide.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

Quote from: proTECH77 on November 08, 2021, 10:44:58 AM

With the development we have seen so far in different countries that adopted cryptocurrency, it has help them to reduce unemployment in different. Now that many countries are preparing to legalized bitcoin it will help them to improve in every areas of their economy and also develop the youths more on cryptocurrency trading in the country. Cryptocurrency will reduce inflation in the community and also cause serious economy pumping in the land.
It will help the youths not to depend on their parents for school fees or other things in the community. It will expand them on digital currency and how to use it positively in the environment.

Cryptocurrency adoption will help the economy come out of inflated fiat which gets printed without limitations. But it hasn't paved path for the unemployment issue prevailing on different countries of the world. With the pandemic more youth have started to use cryptocurrencies for trading purpose. Apart from this bitcoin haven't created more job opportunities to the youth.

Blockchain technology is much into demand. This is the only platform that has created more job opportunities. The sad part, very few are trained and qualified in it. Maybe the present generation learning about blockchain will have good job opportunities in the coming days.

ROSERTY

member

Activity: 116

Merit: 11

Cryptocurrency will bring many new opportunities and is helpful to the development of some countries, but it is not an important existence for all countries. There are still some countries that are opposed to cryptocurrency.

Olafimihan1986

newbie

Activity: 778

Merit: 0

Quote from: tokyohd on October 12, 2021, 05:12:34 AM

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

From my little understanding about cryptocurrency, various cryptocurrency investments have helped a lot of countries to tackle the problem of unemployment which the government has found difficult to solve. Lots of young chaps are now self reliant and employed which gives cryptocurrency a big plus in that sector.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: kele9999 on November 08, 2021, 08:20:10 PM

Wow, I feel that you are all very professional. I am a noob. I want to ask a question. What do you think of Defi's liquidity mining

Best to create your own thread about this question in Altcoin Board here https://bitcointalk.org/index.php?board=160.0 sure you'll get a perfect answer from Miner and crypto experts , not here in separate thread that will be bumped and leave your question being Flooded by different answers .

Quote from: bosede1 on November 08, 2021, 10:14:31 AM

I will like to ask if money generally is needed or essential for a Country development? The people living in the country benefits from Cyptocurrency because of its features than fiat which in turn can help the economy but not necessarily needed for its development

Money makes the world going around now and also this makes the economy great or bad, so never question about Fiat in help for development because we all knew it is needed.

kele9999

newbie

Activity: 1

Merit: 0

Wow, I feel that you are all very professional. I am a noob. I want to ask a question. What do you think of Defi's liquidity mining

Topic: Cryptocurrency is important for a country? or not... - page 3. (Read 1385 times)