impacts off cryptocurrency - page 2.

Sexie

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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 believe that crypto currencies in the third world countries could Help And it has a huge impact to their economy, especially when those people at the lower Class could be introduced what Bitcoin is all about and How it Will changed their lives in the future.. ON the other hand. It is yet could hardly imagine it that there is still a huge hindrance to become successful in Bitcoin selling or Bitcoin buying or Bitcoin exchange. We should consider things to be modernize and knowledgeable of using internet and gadgets.

v0rtecxz

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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

Osarman

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Quote from: Isaak Bitcoin on December 05, 2017, 03:28:32 AM

Poor countries will remain poor, as the backlog from civilization will increase. And economically developed countries (for example, Japan) will improve their economies and financial system. Blockchain technology is like electricity, which replaced steam engines in the early 20th century.

That is just one shit that cannot erase. Just few people who are able to get out of such shit hole and get a bit exposed to the opportunity they can have to do good for themselves, may end up liberated.

After all, looking at the way so many of the poor countries are far behind and the fact that they are limited to information to even do well for themselves, then, there is absolutely no way things can change that much.

jatin729

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Impact of cryptocurrency is nice topic tho, let's talk about in surrounding we can see so many ICOs are going and mnay of them are successful and implemented in markets. Now market become Decentralized this is first impact.
second is economical impact which is far away from our thinking because technology which is running behind crypto is becoming popular in world like IBM implemented blockchain in import export with maesrk LTD. In Dubai they have implemented blockchain even many banks like Barclays thinking about that technology can really helpful for them.
Third impact people are now much more focus on crypto because crypto has more profit than Stock market trading, It might be make impact on stock market trading.

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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 social and economic impacts of cryptocurrencied are faster and safer transaction that will lead to a better society to live in. It can ultimately change third world country and internet is the key.

Ahiaba

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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?

Crypto currency has both positive and negative effect on the economy of a country particularly the underdeveloped nation of the world. Crypto currency is an avenue for income generation for the populace of both developed and developing countries which will invirably increase their purchasing power and economic activities thereby leading to economic development in the long run. But the effect of crypto currency on the economy is that it encourages money laundry particularly from underdeveloped nations to developed countries and that has economic disadvantage on the underdeveloped countries.

zarados

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perhaps those who have felt the impact on cryptocurrency are the countries with the most cryptocurrency adopters, in this case, most of them are developed countries that are almost over 10% of the population have known and used them. As for developing countries and below them, I don't think yet to show the impact of this technology. For the impact in general, of course, there are good impacts and unfortunate impact. One of the good impacts is, transactions between countries become easier and faster and require only a small fee. While one of the bad impacts is, this technology is used as a means of crime such as the sale of forbidden goods and money laundering path.

AVAMONEY

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Quote from: bitkanu on December 10, 2017, 04:02:56 AM

Quote from: caldero on December 05, 2017, 10:55:32 AM

Quote from: litma21 on November 16, 2017, 07:45:08 AM

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?

Economic impact is a small redistribution of wealth as some people get lucky and hit it big, however on the wider economy it does very little. It's a useful tool but doesn't really change much in terms of economic efficiency, at least not yet. There are some promising developments that are coming though but crypto is more of a tool to guarantee freedom than one to stimulate the economy.

Can't agree more, the people who lucky enough to hit it big is just a little part of the cryptocurrency community, the other's still struggling or even losing their money because mainly it's the redistribution of wealth, could create a gap between rich and poor, also the money circulating will be the same but with just the ownership of all these money will always changing.

Strongly agree, for now bitcoins as tools to guarantee freedom, not more. We can't expect more, because to stimulate economic growth requires support and governance as well as the central bank. Meanwhile, to make a policy about bitcoin trade itself is still being developed. Forget the third world countries and poor, because some big countries still have problems in getting rid of the economic gap through ownership of this bitcoin.

Skyrah2008

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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

JCO05

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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 impact i think is that more people are now interested to bitcoin because of the profit that they are getting from it. Some people are leaving their jobs just to focus im Bitcoin because they believe that the income that they will get is bigger than their jobs' salary which I think is true in some instances.

cizatext

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When you say impact what aspect do you mean, because impact can either be negative or positive. But since you did not specified let me outline some of the positive and the negative impacts of cryptocurrencies on the economy of any country most especially the 3rd world countries.
1. Bitcoin/cryptocurrencies if properly managed and control it can lead to economic transformation and boom of any country.
2.cryptocurrencies can eas the financial transactions of a country, making sending and receiving money easy.
3. It help to provide financial help to the unemployed youths and providing part time job for the youths and even the elderly.
And it negative impacts are as follows
1. Cryptocurrencies can lead to inflation if not properly managed
2. Cryptocurrencies can be use as a tool for money laundering by corrupt political office holders.

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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?

There are many impact of cryptocurrency to us. The main is that cryptocurrency makes every people more affresive and this digital money was the one who lead us because we want to earn good and become rich. Yes, there are also many posotive effect but as well as the negative effect of bitcoin today.

ngacengan

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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 effects of cryptocurrencies such as bitcoin and altcoin might be easier for the world to carry money anywhere with a smartphone to buy and pay for anything using bitcoins.

yndye

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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?

Cryptocurrency has been a big help for people living in third world countries because wages are low that's why finding a second source of income is not new and earning in cryptocurrencies is a good option to do so. Doing the signature campaigns and other campaigns may not be that much for those developed countries but for those living in third world, it is a big help because it can supplement their income.

There are students who were able to study without their parents financial support because they are already earning for themselves and those that are having day jobs have another source of income which is a big help to pay the bills. Those who are unemployed were able to find have an income and others even consider it as their full time job now because income from earning bitcoin is bigger than the income they earn from day jobs. Internet may be a problem but for the people who are willing to do something, there would always be a way.

Manc89

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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?

Cryptocurrency is all about social economy and it help people more in economy life rather social.
If we talk about cryptocurrency , first thing is we have to have internet. If the no internet how it can affect the economy if it is not in touch?

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Quote from: caldero on December 05, 2017, 10:55:32 AM

Quote from: litma21 on November 16, 2017, 07:45:08 AM

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?

Economic impact is a small redistribution of wealth as some people get lucky and hit it big, however on the wider economy it does very little. It's a useful tool but doesn't really change much in terms of economic efficiency, at least not yet. There are some promising developments that are coming though but crypto is more of a tool to guarantee freedom than one to stimulate the economy.

Can't agree more, the people who lucky enough to hit it big is just a little part of the cryptocurrency community, the other's still struggling or even losing their money because mainly it's the redistribution of wealth, could create a gap between rich and poor, also the money circulating will be the same but with just the ownership of all these money will always changing.

streazight

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Quote from: newwest on December 05, 2017, 12:54:01 AM

Quote from: alisafidel58 on November 27, 2017, 10:13:50 PM

As far the as 3rd world country is concerned i think it wont affect them much since they are still striving to get their economy up and compete with other countries, bitcoin is not their priority in life as of the moment.

Well bitcoin for this countries can actually help them as their people who do not have jobs, good standard of living can help themselves through bitcoin and other cypto currencies. They can invest in this coins and as the price keep rising they can earns profits and which can help them to support their family and government through paying taxes. Its an ideal situation for both the country and their citizens.

I remembered few days ago when a cousin of mine finished from school and was not able to obtain a job, I pretty much told him to build some skills in the I.T area and start some freelance now that it is easy to work and get paid in bitcoins. He is doing pretty well for himself now and saving a whole lot to diversify into his business offline. The truth is for those who can take the opportunity, there is a lot of impact they can positively get rather than waiting for the government that does not even care about them.

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Quote from: freaker on December 05, 2017, 02:30:54 AM

Impacts of cryptocurrency is majorly seen as that people now are more attracted by the feature of blockchain and are integrating their system to use it in their company. It will be highly beneficial in the coming days and one can expect that block chain becoming important part of the system. Also, after cryptocurrency users have got a new way to invest their money.

It is one thing to try to save your money in the past, and the banks even cutting out of it for some fees of some bullshit you did not ask for and it is another thing to save your funds in your own wallet with some high security and then get the value to keep increasing every now and then and in the long run keep doing pretty well for yourself.

A lot of impact I guess and it depends on those who are willing to grab the opportunity they have now before bitcoin ends up booming a lot.

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A crypto world maybe? Looks unreal, but Internet also very young and we all are using him

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Quote from: litma21 on November 16, 2017, 07:45:08 AM

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?

Economic impact is a small redistribution of wealth as some people get lucky and hit it big, however on the wider economy it does very little. It's a useful tool but doesn't really change much in terms of economic efficiency, at least not yet. There are some promising developments that are coming though but crypto is more of a tool to guarantee freedom than one to stimulate the economy.

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