Cryptocurrency is important for a country? or not... - page 4.

arwin100

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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.

Yes in that certain particular aspect it could help people to get money especially by now that we are in the middle of the pandemic but I don't see any importance to the country for now since many still didn't even pay their taxes on the income they got on crypto so there's no benefits or effect that a country can get from it but if they will impose tax towards crypto and they adopt its usage then maybe we can see its importance on government side.

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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.

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Quote from: ReiMomo on November 04, 2021, 11:35:15 AM

I believe when citizens of a country are financially free, the country is growing up on the ladder. We can really see number of bitcoin holders or investors in crypto currencies have really increased even before countries legally accept bitcoin / crypto currencies. So yes, If countries legally accept bitcoin and crypto currencies, there is going to be rooms for its citizens to earn more money. Crypto platform is an another platform / an opportunity to earn money from.

Though the adoption is not necessary but you have to agree that it is essential. If you do not adopt it, you will lag behind in the beneficial use of technology. Earning money is a fact, Bitcoin has opened up ways for people to earn in many ways such as trading, mining, investing, there are many ways to earn from it. It has reduced the unemployment rate in various countries and has also contributed to GDP growth. Also, there are many more facts to accept Cryptocurrency Globally. If the government deprives the people of their country of the right to use decentralized systems, surely they will lag behind technologically.

proTECH77

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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.

bosede1

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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

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Quote from: ReiMomo on November 04, 2021, 11:35:15 AM

I believe when citizens of a country are financially free, the country is growing up on the ladder. We can really see number of bitcoin holders or investors in crypto currencies have really increased even before countries legally accept bitcoin / crypto currencies. So yes, If countries legally accept bitcoin and crypto currencies, there is going to be rooms for its citizens to earn more money. Crypto platform is an another platform / an opportunity to earn money from.

So, whether it's important or not depends on the country, right?
yeah, i agree with that. many benefits of cryptocurrency if we really study it. it will also be very beneficial for the benefit of citizens, and also a country. it can reduce unemployment, expand the functionality of technology, and so on. however, it depends on a country how they make use of it.

sirminesalot

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Quote from: RiskySanchez on November 03, 2021, 08:44:27 AM

for economic factors, yes, it is very important, especially with tax regulations for crypto currencies, of course, the country will benefit from it and the economic circulation that moves will build better technology development with various blockchain systems and good investments.

We have to remember that owning cryptocurrency is not always getting benefits.
But if we look at the el savador, their country management is quite good, buying cryptocurrency (bitcoin) at the bull time so they could make decent proffits for their country.
So i think it's important or not important depends on the country officials that if they could manage their country's wealth good. Maybe cryptocurrency investment could be a good choice for a country.

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

Cryptocurrency is essential for the development of a country?

Cryptocurrency Decentralised currency and it is not local currency of any country but It's certainly works for the development of a country. Countries that refrain from cryptocurrencies will lag behind other countries in terms of Economic.

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?

Cryptocurrency must work for the development of a country because the value of cryptocurrency now is that if a country didn't Accept it, that country will never be able to move forward economically and A country that lags behind economically must lag behind in terms of development

Evgenklm

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any country wants to control any cash flows, and it's hard to do with bitcoin, so to some extent bitcoin interferes, but in general people use it no matter what, for me bitcoin is useful because I can transfer a few Satoshi to my friend in just a few seconds and I like it.

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I believe when citizens of a country are financially free, the country is growing up on the ladder. We can really see number of bitcoin holders or investors in crypto currencies have really increased even before countries legally accept bitcoin / crypto currencies. So yes, If countries legally accept bitcoin and crypto currencies, there is going to be rooms for its citizens to earn more money. Crypto platform is an another platform / an opportunity to earn money from.

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I haven't thought much about it, about how crypto plays a role in the development or destruction of a country. what I know is crypto is an asset that has its own control and can be owned by anyone who wants it. So far crypto has really helped people with the profits made in it. when talking about inflicting severe damage on a country then I don't think it's true, even though crypto has advantages and also risks but it doesn't do serious damage to a country because not everyone suffers losses or failures in the world of crypto.

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Quote from: RiskySanchez on November 03, 2021, 08:44:27 AM

for economic factors, yes, it is very important, especially with tax regulations for crypto currencies, of course, the country will benefit from it and the economic circulation that moves will build better technology development with various blockchain systems and good investments.

No, you guys misunderstand something here. Cryptocurrency is a currency and serves as a means of payment, financial freedom, and hedge against inflation while it blockchain that plays the key role in the development is countries and other settings like hospitals, vote systems, security, etc. But we won't have know blockchain if cryptocurrency is not introduced.

arditiyan

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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?

cryptocurrency is not important to the country and does not harm the country. I see that cryptocurrency is better not related to the state, this is useful because cryptocurrencies can run without a state and without state rules I think cryptocurrencies can still work

DOH!

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If mainstream cryptocurrency benefits the nation's users in all the ways that crypto can serve them, including the decentralized economy. It is precisely an important factor in structuring and transitioning states for that application. With the concept of crypto, freedom and benefit for all citizens, it will bring important benefits to that country.

RiskySanchez

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for economic factors, yes, it is very important, especially with tax regulations for crypto currencies, of course, the country will benefit from it and the economic circulation that moves will build better technology development with various blockchain systems and good investments.

Kadal Ijo

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As long as cryptocurrencies can be useful then legalizing is a better thing, the state should think realistically for the good and welfare of its citizens, countries that legalize crypto are proven to be able to help many citizens and can increase their income, especially during a pandemic that makes many businesses and industries die.

habebe

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It's also important because I don't have crypto currency in the world, we also don't have any benefit ,,, and moreover, crypto in the world around us is also gradually being recognized around the world. Almost all countries are already using digital equipment because it is very useful. also except for those they don't know but I think 90% now use it and i know crypto around the world are many people wants to know more about this for me a crypto currency is very important because here we now benefit.

kotajikikox

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

Cryptocurrency is essential for the development of a country?

Am not sure about this sentiment but what i Know is that Crypto is essential for the user specially we as crypto believer.

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Does cryptocurrency play an effective role in the development of the country?

it will in time , but nowadays yet countries does not understand this .

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Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

It will only Hinder the Politics from being corrupt and in that i see the hindering happens to finally adopt cryptocurrency.

19Nov16

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Quote from: Masplanc on November 03, 2021, 03:18:00 AM

I have always said it that cryptocurrency is important for countries, why?? Citizens benefits from cryptocurrency even if not citizens that are are benefiting from it. At least cryptocurrency is making those who are into it to be financially balance, it is adding value in one way or the other.

True, cryptocurrency besides being useful for citizens is also useful for citizens of other countries, this is because anyone is free to buy crypto, citizens will have many opportunities to earn income if the state legalizes crypto and this is proven in many countries that legalize crypto making many people more prosperous.

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