important point | Bitcointalksearch.org

max fray

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Quote from: airdagon on January 31, 2018, 02:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

I don't think that all those problems can be resolved solely with the help of bitcoin. It is the government (ministers, advisors, specialized committees) that should develop strategies to decrease poverty and improve economies. Crypto can be one of the instruments to enhance the people's financial freedom, but that could happen only if the citizens of a country have necessary knowledge of how money generally works.

ufaiz50

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Quote from: airdagon on January 31, 2018, 02:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

I don't think that a lot of people make money through cryptocurrency, even though there is no official acceptance from the government, at least bitcoin is not considered illegal from some countries, so for the exchange of FIAT it is still feasible and I think the Decrease in Poverty level does not help to much. If viewed from the negative side there are several things that exist in cryptocurrency as intended to be made a crime.

jimskiy

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Many country still not control when bitcoin at dump or lower price, they have think how their people have buy and invest their money when bitcoin really on higher price, how to stop lost investment of their people and they stop for bitcoin transaction.

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Quote from: Kurevazeyo on October 16, 2018, 08:09:38 AM

Quote from: Kevinvaonav on September 15, 2018, 10:32:20 PM

further benefits of bitcoin can be a means of payment between countries without having to exchange with each country's currency,
and I am sure that in the near future many countries will use cryptocurrency as a digital payment instrument.

The advantage of using bitcoin is to increase transaction efficiency in various fields, which so far has to require third parties such as banking, and there is no 24-hour transaction time limit every day without holidays. Unlike banks, Saturday and Sunday holidays.

Well in this regarded I have notice that bitcoin been making good transaction all over the world, people can buy and sell at any part of the day, but still to make the price better than before we should try to increase the number of investors, involving banking with crypto investment will be good because it has strong connection with government policies, and holidays of banks does not matter as transaction process use to fulfill with internet.

patarfweefwee

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I think it is more of how much will crypto currency bring into my country in the form of cash. Crypto currency really hurts Fiat by converting small amounts and exchanging to huge amounts later. This devalues Fiat, but if the government taxes crypto currency then the economy will weaken and suffer.

xlmlover

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maybe it could happen, but we see now most governments mostly see the negative side of crypto, for example crypto is used for money laundering, crime, drug buying and selling, etc., things like this that we need to campaign against the government , so don't look at the crypto from one side.

muddy waters

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Quote from: airdagon on January 31, 2018, 02:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

The problems you've listed cannot be eliminated solely with the help of bitcoin. It is generally the political situation and some historical prerequisites that lead to poverty in the country. Though yes, banning bitcoin is one of the signs that the government accepted absolutely unhealthy methods of regulating the country's financial sphere.

Helpme_please

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Quote from: visionE2 on September 22, 2018, 02:32:33 AM

i think that are not the main purpose of bitcoin sir, bitcoin is only repair monetary system to be decentralized, so everyone can have his/her own bank, and the economic transaction can be more efficient

bitcoin could be new economic model and payment system for all people.they could participate in this decentralized role.it could be more tranparance from banks.

Betwrong

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Quote from: deisik on September 12, 2018, 11:34:57 AM

Quote from: airdagon on January 31, 2018, 02:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

Neither of your points would work out in reality

Before all, how is the government going to pay off its debts with Bitcoin exactly? And while we are at it, the debt is not always something uncompromisingly bad (or just bad, for that matter). It can be used as a leverage, for example, in the "game of thrones" (so-called real politik). Further, the only way Bitcoin in particular and cryptocurrencies in general can improve economy is when they become more efficient and effective than fiat. This is simply not possible as long as fiat is not misused or downright abused. Or did you really think that you could make the whole economy feel better by speculation alone?

The same with the poverty level. You can't decrease poverty through shuffling money here and there. Poverty is decreased via real economic growth but with Bitcoin it is not possible for the reasons described above, because it is ineffective and inefficient as money in real economy (and it is not only about transactions as such)

Although I agree with you that as of today Bitcoin can hardly make a big impact on a country's level of economic development, I think on a personal level it can help many individuals to improve their life quality. With the appearance of Bitcoin and other cryptocurrencies thousands of new jobs have appeared as well, and it is not uncommon to hear a statement such as, “If it wasn't Bitcoin I don't know how would I survive", especially from people living in the least developed countries.

Imo, in the future, when blockchain technologies will be implemented at the country level, it will be a good thing for the economy overall. In the meantime we can go little by little in that direction starting with ourselves.

Kurevazeyo

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Quote from: Kevinvaonav on September 15, 2018, 10:32:20 PM

further benefits of bitcoin can be a means of payment between countries without having to exchange with each country's currency,
and I am sure that in the near future many countries will use cryptocurrency as a digital payment instrument.

The advantage of using bitcoin is to increase transaction efficiency in various fields, which so far has to require third parties such as banking, and there is no 24-hour transaction time limit every day without holidays. Unlike banks, Saturday and Sunday holidays.

hotBriX001

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I think some people wants to invest cryptocurrency for some important points they want to achieve. First and foremost we want to know what will be the good benefits of crypto that we need to understand, then maybe the second one or the most impotant things is how to manipulate it well to get the good benefits like earning money as the most everybody's wanted.

visionE2

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i think that are not the main purpose of bitcoin sir, bitcoin is only repair monetary system to be decentralized, so everyone can have his/her own bank, and the economic transaction can be more efficient

Rejevunator

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Quote from: Burogh on September 15, 2018, 09:27:10 PM

Quote from: airdagon on January 31, 2018, 02:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

With bitcoin system, i am believe government build strong economic system and can survive in any economic crisis. But many government dont see that because they always think bitcoin used for criminal activity or money laundering

Plus we should not forget about scammers. The number of scammer will be increase and mostly they target ICO to scam peoples.

higgidave

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Quote from: Gotomoon on September 15, 2018, 06:40:31 PM

Quote from: ronics on September 15, 2018, 09:43:16 AM

if bitcoin has been accepted in all countries it can really help the economy in all countries and then bitcoin can help anybody who does not move in the real world, i mean those who are unemployed. the huge bitcoin revenue would only let the government go ahead with the bitcoon being legalized as soon as possible so that unemployed people could join to recognize the world of crypto and everyone would have a good job.

This really means bitcoin has a huge capacity to help with it's features to earn money. Well, unemployed or employed can really earn in bitcoin so in every countries I have no doubt bitcoin could help the economy.

If it happen we will pay highly tax. Bitcoin sender will pay tax. receiver pay tax, Minners pay tax, Traders will also pay the tax. The electricity bill can be increased since everyone will move to mine when government came to know they'll increase the charges bills.

didaiman006

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not as easy as you say.
bitcoin not only has great benefits, but also has a very high risk.

erominer

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your list of important points are true and i agree with it but this will depend on each others country leaders, because there are a lot of corrupt leaders.

tenakha

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Quote from: Burogh on September 15, 2018, 09:27:10 PM

Quote from: airdagon on January 31, 2018, 02:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

With bitcoin system, i am believe government build strong economic system and can survive in any economic crisis. But many government dont see that because they always think bitcoin used for criminal activity or money laundering

Maybe it's true. The acceptance of crypto would improve the economy, but not the secrecy of the government. So everyone's address will be known, including states. There is a certain supply which doesn't allow anyone to intervene. So it seems a little hard for the government to accept.

ylnar123

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Quote from: captin crunch on January 31, 2018, 02:59:48 AM

I would add some other topics also:
- influence on the state currency
- using of the bitcoin for criminal purposes in the country

How could Bitcoin be used in criminal purposes? Please specify how it's done and how it affects the state currency of a country. As far as I know only scamming is what a crime done through Bitcoin yet in haven't seen any proof on the calim that other crime done through it.

anthonytcm

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Quote from: Best Dreams on September 16, 2018, 04:53:56 AM

Quote from: nano77 on September 15, 2018, 06:13:18 AM

I think, bitcoin has indeed helped the economy and finances of its users so that the economy has increased and financial problems can be overcome but the government must also have a reason why they forbid bitcoin because bitcoin can be used for crimes that will harm the country

No according to me bitcoin does not have any connection to it because criminals or anyone are equally to use bitcoin, in this age we almost 80% of earning is being done with help of bitcoin and it will get more and more with the passage of time, now all over the world bitcoin is truly famous and people are happy having bitcoin as investment as well as currency.

I'm sorry but, where are you getting that 80% figure? I'd love to see a source on that. I do agree that adoption is increasing and it is true that criminals or otherwise can use crypto alike, but I feel it's unfair to the ecosystem to lie in that 80% of earning is done with the help of bitcoin. Crypto markets volume daily is only 0.0024% of what FOREX moves daily, figures taken from:

https://coinmarketcap.com/currencies/volume/24-hour/ (added up the top 10 here)

https://www.fxcm.com/insights/bitcoin-vs-forex-understanding-differences/ (divided it by the value shown here of 5 trillion turnover)

So while crypto as a market is thriving, it's yet to make a serious dent on global economy, more adoption would be AWESOME as it would expose more investors to this market. Adoption can happen either because of government's adoption or otherwise, but please let's try to keep the info we share, true. Or specify that your personal earnings are 80% being made on crypto, that wouldn't be bad at all!

hacekd

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Quote from: KocaEfe on August 09, 2018, 02:25:54 AM

Quote from: airdagon on January 31, 2018, 02:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

I really liked your phrase "Bitcoin can pay off the debt of the country!" The important point that I have in my head on this issue is that if bitcoin rises in price, that would allow cashing out most of the amount to pay off the debt. That bitcoin price will just collapse very much

this is done by several large countries such as China, Arabia, and Russia who are trying to adopt bitcoin, because in that country bitcoin is legal and supported by the government

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