Topic: impacts off cryptocurrency (Read 2104 times)
I think crypto currency has a big impact in social and economic of every country, many people are now being aware in decentralized currency by the help of social media and also the economic growth of one country will being fast and stronger. Government cant control people to used and earn in bitcoin.
what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
Ease access like the worlds internet. No hassle Confidentiality, Anonymous. Fast transactions controlled by the founder alone . The country will try to regulate some of it but it doesnt matter as long as it still working and miners are the heart of it especially to bitcoin miners are the only one that is making bitcoin work. and how will this affect third world and poor countries because of their limited access to internet and modern technology?
I think one of the most significant impacts of the cryptocurrency is decentralization of money issuance. Government does not control cryptocurrencies and they has no power to regulate the cryptocurrencies.
I doubt that politicians will want to implement blockchain technology. Many of them are in power only because of election fraud. As to the cryptocurrencies this is a good way for poor countries to have salaries at the level of the which is produced in the developed countries. But it requires certain skills that do not have people in poor countries. Now education has a real price.
There is a difference between the blockchain and bitcoin, banks and governments are fine with the blockchain and are in fact making their own research on the subject but they hate bitcoin, bitcoin is a threat to them for the simple fact that is something they do not control, bitcoin is going to give true freedom to people and that is what they fear more than anything.
what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
I am not sure about the social kmpact, maybe it is connected tith the transactions. Payments an be sent through online with the use of bitcoin. Economic impacts of Bitcoin has to do with the profit that its users and investors are earning. Bitcoin is profitable in different ways making it a desired investment for its users. and how will this affect third world and poor countries because of their limited access to internet and modern technology?
How will it change and affect our our daiy lives?
It may increase your Earning and spending capacity Therefore it may strong our economics.
That's right. Theain reason why people subscribe btc is because of the benefits btc have and will give us. The best impact bitcoin gives to people is have their better and good improvements in life. It may increase your Earning and spending capacity Therefore it may strong our economics.
How will it change and affect our our daiy lives?
It may increase our Earning and spending capacity. Therefore it may strengthen our economic condition.
But biggest hurdle which I think is that limited tech. accessibility in backward areas. Basic Facilities like the internet connection is missing in third world s could we expect them to be a part of this technological revolution.
It may increase our Earning and spending capacity. Therefore it may strengthen our economic condition.
But biggest hurdle which I think is that limited tech. accessibility in backward areas. Basic Facilities like the internet connection is missing in third world s could we expect them to be a part of this technological revolution.
No doubt cryptocurrencies have a strong and positive social and economical impact in the world. Two major Reasons are as below.
1. Cryptocurrencies are convenient in use and more secure than other online payment services, this make the traders or business persons to process their payments safely.
2. Cryptocurrencies have provided many earning opportunities and thus reducing unemployment, a massive community is now earning through it irrespective of age, gender or religion.
However you are right that some of the countries are still struggling for the basic needs of their people and majority of them don't have access to internet so use of cryptos would be useless for them.
1. Cryptocurrencies are convenient in use and more secure than other online payment services, this make the traders or business persons to process their payments safely.
2. Cryptocurrencies have provided many earning opportunities and thus reducing unemployment, a massive community is now earning through it irrespective of age, gender or religion.
However you are right that some of the countries are still struggling for the basic needs of their people and majority of them don't have access to internet so use of cryptos would be useless for them.
Crypto currencies have the capacity to change the socio economic and financial conditions of the world, this crypto currencies gives a sense of financial freedom to the users unlike fiat currencies currently there are more than 800 plus crypto currencies available in the crypto market. Bitcoin is the first crypto currrency and all other crypto currencies are created in the form of bitcoins but an advanced form of bitcoin crypto currency. Crypto currency is making the whole world move to a digitized world making the online payment transactions world wide easily through the crypto graphy network without a third party involvement.
what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
Economic impact is that Bitcoin aims to remove the differences on foreign exchanges, it aims to have one common currency for the whole world and at least equalize every nation's wealth. Unlike current fiat currencies that rely on one country's gold reserve bitcoin don't have anything like that it is purely depending on the demand of it's users.
Other alt coins are created for some social purposes really depending on the coin.
what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
Cryptocurrencies have impacted the world one user at a time. With the use of cryptos, transactions became more easy and as well as more faster. Cryptos allow users to transact with anonymity while taking control or hold of their money. and how will this affect third world and poor countries because of their limited access to internet and modern technology?
the biggest impact for each people from being cryptocurrencies users is the opportunity to making money and most of people has felt this thing so if there are some people able to making money from cryptocurrencies and automatically will able to feed their families with buy daily life then indirectly this is will bringing good impact too for the particular countries because if the citizen health from financial side then the countries also will prosperous too
Crypto will play an important role in the future it will be main thing people will use in the future and yeah crypto has a lot of impact on people life those who are truly devoted to the crypto they want to see crypto system all over the world and this will happen and bitcoin will surely change the lives of people and it doesn’t matter about class if proper info should be provided to the community the journey to the development get easier. 
what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
the impact of cryptocurrency is possible in terms of finances and the surrounding community, a lot of cryptocurrency players like bitcoin who were originally just ordinary people and can not afford now can become rich. so the big impact is their finances.
The impact is great and in personal lives, it can really help them to achieve pretty fast. In the economy of a nation at large, it totally depends on the population of those who embrace crypto, because if virtually all the populations are doing well, things will be going well economically.
crypto currencies are addition of income for the poor state and some people who are seeking for job home base! crypto currencies are the best impact to the bank, this is the call for them to change and give more profit to the people around if they want to keep their customers investing on their company coz if they will not do anything they will at zero investors and depositors the way bitcoin engaging to thee public and its profit
unfortunately, I don't see options as poor states can earn...many don't even have free Internet access...I'm sure that there is a cryptocurrency for developed countries...at least for now
Cryptocurrencies have eliminated financial barriers by allowing people to conduct online transactions using virtual money at a lower cost.Today, some cryptocurrencies have dominated the financial world. Cryptocurrencies such as Bitcoin, Litecoin, and Ether have become popular currency alternatives and used to purchase items electronically.
The impact of cryptocurrency is one of the popular issue. It is increasing day by day.People can earn money easily by this.Bitcoin is the mother of all cryptocurrency.I think,its impact on our real life is positive.
The impact of crytocurrency, is majorly seen as that people now are more attracted by the feature of blockchain and are integrity their system to use it in their company, another impact of crytocurrency is the user have got a new way to invest their money.
I think a lot of the impact that crypto from bitcoin produces has a higher selling price than others, and maybe for some people make bitcoin as an additional livelihood, and some people make the main income to help meet their needs, and bitcoin is helpful for a number of unemployed people because they can earn money from digital currency, and it will also have an impact on the country itself as it will reduce poverty and improve the economy
That's right. f this technology is not useful to us, it could be probably that it won't survive until now. The creation of cryptocurrency is just to promote a new generation of currency which is very applicable at this time. We are evolving into a new era( computer age), computer and internet base transactions are very often at this time. Having using this currency it gives us a comfortable life, in which we can make transactions anytime at our own choice. what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
The economic impact is huge as we have a new investment platform which is decentralized and the only investment that is global and the market works round the clock unlike other markets who shuts down during holidays and it is still in the beginning phase and i am sure we will cross a trillion valuation in three years time ,i am not sure how this will help the third world countries if you are not invested into it. and how will this affect third world and poor countries because of their limited access to internet and modern technology?
the biggest impact for each people from being cryptocurrencies users is the opportunity to making money and most of people has felt this thing so if there are some people able to making money from cryptocurrencies and automatically will able to feed their families with buy daily life then indirectly this is will bringing good impact too for the particular countries because if the citizen health from financial side then the countries also will prosperous too
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