Cryptocurrency usage will boost economy or make it worst ? - page 3.

meliodas

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Quote from: hahay on January 24, 2020, 06:26:48 PM

Quote from: huige007 on January 24, 2020, 01:30:43 PM

Quote from: bitbunnny on January 24, 2020, 08:30:41 AM

As long as Bitcoin and other cryptocurrencies are not regulated and formaly introduced into financial and economy system they can't help economies in any way. And until that happen s businesses will not use crypto on a massive scale.
So, cryptocurrencies can only help individuals and all othe crypto involvment in economy at any way in unregistered and unrecorded and it's actually underground economy.

It can affect the economy in unregulated way also, it provides opportunities for stabilizing your financial status. If more people will adopt this and would become financially secure, that would reduce the rate of inflation that is one of the leading problem of the world. Reduction in inflation would result into the stability of economy, I think people should adopt it to boost their economy.

Agree, although the use of crypto is used individually and with the adoption carried out by business developers so far, and even though it is not recorded but still, the use of crypto will help stabilize the economy and ultimately the use of crypto on a large scale will have an impact on the inflation rate more lower. With us only using cryptocurrency, that is also enough to make the economy good and we should realize that.

The use of cryptocurrency will not make the economy stable because the cryptocurrency itself is not even stable so there will be fluctuations in the revenue of a country that will in fact reflect on the economy's performance. The use of cryptocurrency will boost the economy in terms of establishing different systems through blockchain technology.

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Quote from: huige007 on January 24, 2020, 01:30:43 PM

Quote from: bitbunnny on January 24, 2020, 08:30:41 AM

As long as Bitcoin and other cryptocurrencies are not regulated and formaly introduced into financial and economy system they can't help economies in any way. And until that happen s businesses will not use crypto on a massive scale.
So, cryptocurrencies can only help individuals and all othe crypto involvment in economy at any way in unregistered and unrecorded and it's actually underground economy.

It can affect the economy in unregulated way also, it provides opportunities for stabilizing your financial status. If more people will adopt this and would become financially secure, that would reduce the rate of inflation that is one of the leading problem of the world. Reduction in inflation would result into the stability of economy, I think people should adopt it to boost their economy.

Agree, although the use of crypto is used individually and with the adoption carried out by business developers so far, and even though it is not recorded but still, the use of crypto will help stabilize the economy and ultimately the use of crypto on a large scale will have an impact on the inflation rate more lower. With us only using cryptocurrency, that is also enough to make the economy good and we should realize that.

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Quote from: agentx44 on January 24, 2020, 02:25:38 PM

Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

Just by having the fact that no country has ever regulated cryptocurrency massively yet, we can already say that all our assumptions are just theory coming from what we see and most of it are biased. We would usually say that it will give great advantage and a boost to the economy of a certain nation but things may turn out badly soon after the implementation of its regulation. Crypto is a decentralized currency which avoids any form of corruption but if the government would have a hold on it, things may go the way we don't want it to be.

If all of the countries and businesses will adopt crypto currencies and will be happy with it then keep in mind that the government will not want to pass any act which will disturb the businesses as if something affect the businesses of any country then it put a bad condition on that country and a disturbance is created for the law makers. They will regulate the crypto but will be in the favor of crypto.

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Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

Just by having the fact that no country has ever regulated cryptocurrency massively yet, we can already say that all our assumptions are just theory coming from what we see and most of it are biased. We would usually say that it will give great advantage and a boost to the economy of a certain nation but things may turn out badly soon after the implementation of its regulation. Crypto is a decentralized currency which avoids any form of corruption but if the government would have a hold on it, things may go the way we don't want it to be.

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Quote from: bitbunnny on January 24, 2020, 08:30:41 AM

As long as Bitcoin and other cryptocurrencies are not regulated and formaly introduced into financial and economy system they can't help economies in any way. And until that happen s businesses will not use crypto on a massive scale.
So, cryptocurrencies can only help individuals and all othe crypto involvment in economy at any way in unregistered and unrecorded and it's actually underground economy.

It can affect the economy in unregulated way also, it provides opportunities for stabilizing your financial status. If more people will adopt this and would become financially secure, that would reduce the rate of inflation that is one of the leading problem of the world. Reduction in inflation would result into the stability of economy, I think people should adopt it to boost their economy.

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As long as Bitcoin and other cryptocurrencies are not regulated and formaly introduced into financial and economy system they can't help economies in any way. And until that happen s businesses will not use crypto on a massive scale.
So, cryptocurrencies can only help individuals and all othe crypto involvment in economy at any way in unregistered and unrecorded and it's actually underground economy.

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Quote from: Gheka on January 24, 2020, 07:54:45 AM

Quote from: julius caesar on January 24, 2020, 12:41:17 AM

Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

It will probably gonna boost the economy of a specific country because we all know that cryptocurrency provides a faster transaction. The faster the transaction the faster the movement of the economy that is why if they accept crypto as a part of their transaction, it will for surely gonna have a huge impact to the economy.

Well, I don't think so, except for crypto, the services of banks in money transfer and deposit are still very fast but obviously, the economy can only grow to a certain extent, crypto as an alternative in this position, it cannot have a strong boost. Especially when crypto still has too many weaknesses in transactions, the banks are not directly managed, every problem that happens will have no resolution and sometimes need waiting, if crypto is truly impacting the economy, it will certainly be a negative direction

Yeah, the current situation disallows bitcoin to become widely used for monetary transactions sad to say. But with enough development and support from everyone, it should have the chance to be widely accepted just like how debit cards or credit cards work. bitcoin is already there, we just need to play the waiting game.

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Quote from: julius caesar on January 24, 2020, 12:41:17 AM

Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

It will probably gonna boost the economy of a specific country because we all know that cryptocurrency provides a faster transaction. The faster the transaction the faster the movement of the economy that is why if they accept crypto as a part of their transaction, it will for surely gonna have a huge impact to the economy.

Well, I don't think so, except for crypto, the services of banks in money transfer and deposit are still very fast but obviously, the economy can only grow to a certain extent, crypto as an alternative in this position, it cannot have a strong boost. Especially when crypto still has too many weaknesses in transactions, the banks are not directly managed, every problem that happens will have no resolution and sometimes need waiting, if crypto is truly impacting the economy, it will certainly be a negative direction

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Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

It will probably gonna boost the economy of a specific country because we all know that cryptocurrency provides a faster transaction. The faster the transaction the faster the movement of the economy that is why if they accept crypto as a part of their transaction, it will for surely gonna have a huge impact to the economy.

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It's still important to pay taxes, but there's no way to make a decentralized crypto accountable to government without know your customer compliance by exchanges.

Big business hides their money from taxation by buying up assets in credit and spending their cashflow on more assets, so a person can have a net worth of millions with zero taxable wealth. This happens all the time, it's how the 1% safeguards their wealth.

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Quote from: Wysi on October 27, 2019, 07:03:11 AM

~snip~

Without a doubt, at some point they will have to accept Crypto's technology and economy, Bitcoin represents a lot of power, not only in technology but also in money, they must accept that many are already using Bitcoin for payments, what they should do is implement Payment methods using blockchain.

Those countries that do not agree with Bitcoin or crypto, at some point they will have to be, since they will lose many businesses, it is also an excellent way to obtain liquidity because they benefit from a deflationary economy, which they cannot try to corrupt because it is simply impossible. Those who disagree cannot cover the sun with one finger, they will simply be out of play. It can be said that China is a Pro-Blockchain country and NOT Bitcoin, even if they do a lot of FUD, they cannot make people prefer to use a stable currency established by a government than Bitcoin.

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Quote from: Maslate on January 23, 2020, 06:27:09 PM

Quote from: angrynerd88 on January 23, 2020, 11:31:49 AM

As my concern cryptocurrency is good indicator for stable economy,I read many articles against the cryptocurremcy and some in favor of cryptocurrency.When i personally make a comparision i found that cryptocurrency is helpful boosting the economy.Government still in misconception that cryptocurrency will encourage the illegal activities but government dont think positive about the cryptocurreny.If government legalize the cryptocurrency and sign contract with vendors will generate more revenue than fiat and generated money will be used for the betterment of economy.

Crytocurrency won't bring a fully boost economy if this will not be totally accepted by the government and still a substitute for fiat. I know how potential crypto is and this is the reason why some big companies prefer to accept crypto even if the government still in doubt with crypto usage.

I think it would in a way.

Not just in a way of big companies but as for the people. They might not accept Bitcoin but still, people can trade online. They can't stop it. For the people, they could use it to trade and earn some money for themselves.

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Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

in fact bitcoin its self " Beats Netflix And Microsoft "
https://www.forbes.com/sites/billybambrough/2019/12/11/bitcoin-beats-netflix-and-microsoft/#386c5f7114c5

if company start using bitcoin as payment is a good option to get more customer especially from cryptolover, but for his self, better to save the money in "stable currency" , company need "real planing" to get paying their employer. salary, monthly payment, monthly service, monthly fee and Tax, all of them must be paying too.

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Quote from: angrynerd88 on January 23, 2020, 11:31:49 AM

As my concern cryptocurrency is good indicator for stable economy,I read many articles against the cryptocurremcy and some in favor of cryptocurrency.When i personally make a comparision i found that cryptocurrency is helpful boosting the economy.Government still in misconception that cryptocurrency will encourage the illegal activities but government dont think positive about the cryptocurreny.If government legalize the cryptocurrency and sign contract with vendors will generate more revenue than fiat and generated money will be used for the betterment of economy.

Crytocurrency won't bring a fully boost economy if this will not be totally accepted by the government and still a substitute for fiat. I know how potential crypto is and this is the reason why some big companies prefer to accept crypto even if the government still in doubt with crypto usage.

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As my concern cryptocurrency is good indicator for stable economy,I read many articles against the cryptocurremcy and some in favor of cryptocurrency.When i personally make a comparision i found that cryptocurrency is helpful boosting the economy.Government still in misconception that cryptocurrency will encourage the illegal activities but government dont think positive about the cryptocurreny.If government legalize the cryptocurrency and sign contract with vendors will generate more revenue than fiat and generated money will be used for the betterment of economy.

huige007

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Quote from: Webetcoins on January 22, 2020, 09:37:33 AM

Quote from: iv4n on January 21, 2020, 10:57:51 AM

Quote from: Paycoinzzz on January 21, 2020, 09:47:12 AM

Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

In my opinion, it will have a rather bad effect on the economy in general, not in particular with corrupt countries. Because humans are not controlled by the law, we will turn into a more evil and more ambitious person. then people will no longer use fiat money, they will directly use crypto to manipulate like the whales did and will make the decentralized market spark. That is also the consequence that governments around the world do not want, so they have to make quite a lot of laws for crypto.

They will try to make laws for crypto, and that laws will work for some time. Crypto is safer and faster, with one word crypto is better, and of course that in long run crypto will boost not just economy, blockchain offer solutions for many other fields.
Transparency is what I like most about decentralized blockchain projects, it's what this world needs. It's the near end of playing hide & seek with our governments who make wars in our name, build guns and benefit the rich class.

It offer same opportunities for people from all the class. There is no class discrimination in this trade. Basically it was invented to provide a safer and better platform for earning opportunities to those who are not financially good. You can make yourself stable by engaging in this as it provides you best and safe way of earning. No doubt crypto is the safest, best leading market.

It is of decentralized nature that do not allow any authorities to control it, in the same way changes made in the regulations will not affect the crypto in any way. The transactions are, made secure by the unique keys. The data of the users is safe and offers very low transaction fee. These all benefits attract people from every class, society, nation and department. It is an opportunity for people of every field as everyone can adopt trading as a part time job.

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Quote from: iv4n on January 21, 2020, 10:57:51 AM

Quote from: Paycoinzzz on January 21, 2020, 09:47:12 AM

Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

In my opinion, it will have a rather bad effect on the economy in general, not in particular with corrupt countries. Because humans are not controlled by the law, we will turn into a more evil and more ambitious person. then people will no longer use fiat money, they will directly use crypto to manipulate like the whales did and will make the decentralized market spark. That is also the consequence that governments around the world do not want, so they have to make quite a lot of laws for crypto.

They will try to make laws for crypto, and that laws will work for some time. Crypto is safer and faster, with one word crypto is better, and of course that in long run crypto will boost not just economy, blockchain offer solutions for many other fields.
Transparency is what I like most about decentralized blockchain projects, it's what this world needs. It's the near end of playing hide & seek with our governments who make wars in our name, build guns and benefit the rich class.

It offer same opportunities for people from all the class. There is no class discrimination in this trade. Basically it was invented to provide a safer and better platform for earning opportunities to those who are not financially good. You can make yourself stable by engaging in this as it provides you best and safe way of earning. No doubt crypto is the safest, best leading market.

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The government is not going to let people avoid paying their taxes by making use cryptocurrency. Imagine that people starts making use of cryptocurrency and no one is paying their taxes, the government will label crypto as illegal and will do everything in their power to stop their citizens from making use of it, although this is not going to be a problem in developing countries because their government literally don’t care if they are paying taxes and if they’re making use of cryptocurrency, it’s only in developed countries that it’s going to be a problem.

If they see that people are now interested in cryptocurrency, after they have stopped them from using the ones that are decentralized, they would go ahead to create a cryptocurrency of their own that would be centralized and regulated.

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Quote from: Paycoinzzz on January 21, 2020, 09:47:12 AM

Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

In my opinion, it will have a rather bad effect on the economy in general, not in particular with corrupt countries. Because humans are not controlled by the law, we will turn into a more evil and more ambitious person. then people will no longer use fiat money, they will directly use crypto to manipulate like the whales did and will make the decentralized market spark. That is also the consequence that governments around the world do not want, so they have to make quite a lot of laws for crypto.

They will try to make laws for crypto, and that laws will work for some time. Crypto is safer and faster, with one word crypto is better, and of course that in long run crypto will boost not just economy, blockchain offer solutions for many other fields.
Transparency is what I like most about decentralized blockchain projects, it's what this world needs. It's the near end of playing hide & seek with our governments who make wars in our name, build guns and benefit the rich class.

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Quote from: Wysi on October 27, 2019, 07:03:11 AM

What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?

In my opinion, it will have a rather bad effect on the economy in general, not in particular with corrupt countries. Because humans are not controlled by the law, we will turn into a more evil and more ambitious person. then people will no longer use fiat money, they will directly use crypto to manipulate like the whales did and will make the decentralized market spark. That is also the consequence that governments around the world do not want, so they have to make quite a lot of laws for crypto.

Topic: Cryptocurrency usage will boost economy or make it worst ? - page 3. (Read 2177 times)