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Topic: Do you think economical condition can be develop by the help of bitcoin? - page 3. (Read 679 times)

full member
Activity: 490
Merit: 100
help from government or national security just a dream for people who live in the country who not support bitcoin. so far bitcoin can continue to grow without help from the government. of course bitcoin can develop economy but the government in my country do not think so.
full member
Activity: 236
Merit: 105
the whole economical is creating the money and no limit!
The more money you move in the market, the more it raises pricesIf you want to stabilize prices, we must create a market to attract excess market money! In order to promote economic growth! Create more and more new markets, the economy will grow faster!so,bitcoin/eth/somgthing else,is the market that grow the economy!
member
Activity: 210
Merit: 15
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
If security is your concern i suggest you dont go out in the open flashing the content of your wallets. Surely if you do this then you are attracting criminals.
            To make it simpler, bitcoin would definitely have an impact in economy because it is profitable. Anybody who gains profit would uplift ways of living and imagine if a lot is into bitcoin, definitely it would somehow boost economy.
newbie
Activity: 59
Merit: 0
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
It seems you do not get the point of bitcoin, bitcoin is a way to get far away from those institutions the last thing we want is for them to try to protect us, and if they do you can be sure it is just a ploy to deceive bitcoin users into giving up their privacy and freedom.
newbie
Activity: 117
Merit: 0
Maybe if its legally accepted by the government but here in our place it is not yet. But for the people it really help develop their means of living. People who engage with bitcoin have the extra income to sustain the daily needs so from the basic commodities that they buy the tax from it will go to the government so maybe it is a help for the revenue of the government. Maybe now it doesn't have that big effect to the economy but maybe later on as bitcoin grows up and its users increases it gives big impact on the development of the economic condition of the country.
full member
Activity: 266
Merit: 111
Since bitcoins was introduced it has created lots of opportunities to the people. When unemployed becomes employed it lessen the percentage of unemployment in a country. Earnings from bitcoins could be invested in many other purposes thus creating more jobs and income. Though it is not recognized by the government, in some countries I think it has created a big impact to their economy.
member
Activity: 251
Merit: 10
yes I think that's it. with the existence of this bitcoin can improve the condition of the world economy. Why is that? because bitcoin can make people who have no income but can still earn money to fulfill their daily lives
hero member
Activity: 1890
Merit: 831
It may seems like possible in short term, but relying on bitcoin to stabilize a country is not proper, bitcoin price is very unstable the volatility is too high, if a country depend on bitcoin, the inflation and deflation will keep on happening, its not good way to run a country, with a proper system bitcoin could help a country to develop but the country should never depend on bitcoin too much

Completely agreed!
Judging economy through something that's not stable could cause a ruckus.
Overnight the country can fall below the status they had some moments before..
It's really something that's best measured in terms of gold or fiat.
In a sense we should understand that...
Economic condition is something that has prime importance and judging it through something super unstable could cause the downfall of the whole system.
hero member
Activity: 840
Merit: 501
It may seems like possible in short term, but relying on bitcoin to stabilize a country is not proper, bitcoin price is very unstable the volatility is too high, if a country depend on bitcoin, the inflation and deflation will keep on happening, its not good way to run a country, with a proper system bitcoin could help a country to develop but the country should never depend on bitcoin too much
full member
Activity: 336
Merit: 106
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit.  
In future proper security and more effectiveness of virtual currency  can contribute economical development.

I am not sure to get your point but:

We don't need and we don't want any government or national security for anything with Bitcoin. Bitcoin has been created to give us a freedom from governments and full control of our money, etc. It has not been created to allow the governments to fuck us more.

What kind of security are you hoping for? There are "criminal attacks" without Bitcoin and it doesn't reduce people to work online. Besides this, Bitcoin has not been created to "work online" It's a currency using cryptography, not a job center.


I guess this is where most people are wrong. They mistaken bitcoin as some magical entity which would alleviate poverty and unemployment just because some people are getting money and jobs through it (indirectly). Unfortunately, even with this, poverty will still be present and people will still be unemployed because of the system. Bitcoin won't do anything or solve anything so long as the system isn't changed.
full member
Activity: 644
Merit: 113
It all depend on a countries situation, if a country is having an economic trouble just like Zimbabwe before, cryptosystem is a really big help to recover and develop a country. Bitcoin is just an aid and really nit the main mean of making a country grow. There countries that cant apply this idea, infact some countries does bot allow it because they see it as a threat.
full member
Activity: 420
Merit: 103
If only fiat money is not the majority's option in running the economy then yes, bitcoin can be an asset for larger economic benefits given that it is managed properly by the authorities. There are already a few countries adopting the use of cryptocurrency. The only problem with it is its volatility. Due to this feature of bitcoin, it still cannot replace fiat money. It is not made for buying groceries etc., it is meant for business. The government could make use of it in different applications but not a form of money that ordinary people can use for buying things. It is an investment.
hero member
Activity: 826
Merit: 518
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
I am also not understand what are you trying to say?

Bitcoin is a decentralized technology so it doesn't need approval from government or the organization,if you want you can use it.And government can nothing to do with the security of bitcoin because it is highly secured and not hackable only the users have to keep their coins safely from the thieves who are looking to stole our bitcoins.
But if the government accepts bitcoins then they have also benefited from it and their country citizens can increase their standard of living.
member
Activity: 616
Merit: 11
Decentralized Ascending Auctions on Blockchain
Actually bitcoin are having a total big impact of economic contributions on different countries, and even bitcoin is a tax free but still the economic status and condition of a country will develop because of the total contributions to the people who used and accessed bitcoin as their business. Talking about security and safety, well it is a very good idea, but how can bitcoin ask assistant to the government if bitcoin is not connected to any government agencies? Hoping that someday it will come that bitcoin and government will have a final agreement for the security and safety of the operation.
newbie
Activity: 140
Merit: 0
I really like this kind of topic, bitcoin is own by a private business, and until now government has no power and authority to control, hoping that government will provide assistants and security for their people only who accessed bitcoin, without any taxes being collected. We knew already that bitcoin is a tax free and it is not legally endorse by government, but only one thing we ask is assistant's in government for people's goods only. 
hero member
Activity: 882
Merit: 500
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
You are right , all the economic development of the country depend upon the people of that country that how much they are developed by Thier earnings and how much they are satisfy to have Thier life happy with better amount of the earnings .
And no doubt that people are making lots of amount of the money from bitcoin and making economically more successful in Thier life and that is resulting into increase in the economy of the country .
So Ofcourse bitcoin is growing the economical condition to a better level of the countries where people are using at its best in their life .
newbie
Activity: 76
Merit: 0
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit.  
In future proper security and more effectiveness of virtual currency  can contribute economical development.

I am not sure to get your point but:

We don't need and we don't want any government or national security for anything with Bitcoin. Bitcoin has been created to give us a freedom from governments and full control of our money, etc. It has not been created to allow the governments to fuck us more.

What kind of security are you hoping for? There are "criminal attacks" without Bitcoin and it doesn't reduce people to work online. Besides this, Bitcoin has not been created to "work online" It's a currency using cryptography, not a job center.



Not sure. But I think we need the approval of the government for this currency to be successful. We can either go underground or just wait for the government to accept, legalize or regulate it.
full member
Activity: 448
Merit: 110
I do think that economical conditions can be improved by not just bitcoin but ,most importantly, by the help of the blockchain technology on which bitcoin is built.

Blockchain based system which focuses more on publicly verified transactions is already helping in the area of Insurance, Loan, Sending money internationally e.t.c

Another feature of the blockchain system, is the creation of smart contracts which enforces a transaction only if certain conditions are met.
member
Activity: 276
Merit: 11
With the growing bitcoin in all walks of life will quickly change the economic growth of the people. With taxes the government will earn income. It will have a positive impact on our economy. People who are familiar with bitcoin, their lives will get better. Bitcoin helps economic growth.
hero member
Activity: 1274
Merit: 516
I dont think government is needed to develop crypto, the government actually halt crypto to expand further, but now crypto is too famous to be ignored by thr government, so we only need government to not banned crypto, crypto currencies has helped so many people achieve the financial freedom and I think crypto can help to develop a better economic condition for a lot of people, a lot of sectors will implemented crypto and blockchain
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