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Topic: Is the existence of bitcoins a threat to jobs and national currencies? - page 7. (Read 3806 times)

newbie
Activity: 84
Merit: 0
No, the existence of bitcoin is not a threat to jobs and national currencies as it is also like a currency but it is digital and used as payment option like fiat in many countries and no threat to those countries job. It is in the growth stage and a lot of revolutions comes in it in the future as more and more countries moving towards this technology and it will create new jobs not a threat to old ones.
In my opinion, bitcoin is not a threat to the national currency because they have different uses and bitcoins can not be used for valid payment instruments. Maybe bitcoin can be used for legitimate payments in the future but the existence of national currency of each country also will not be displaced by it because bitcoin is the virtual currency
jr. member
Activity: 97
Merit: 1
We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
 

Bitcoin might be threat to Fiat currency, but why you think Bitcoin can be threat to jobs to ? Bitcoin is like other currency it's just for payment or trading, you do your jobs, you gain your Bitcoin.
member
Activity: 241
Merit: 10
I don't think that now it is a real threat to anything. I hope that it will remain like this for some time more and will not become the threat to the currencies. To my mind, it is better to use btc as the currency , main one
jr. member
Activity: 672
Merit: 1
Moderator
I am totally disagree with this thought that existence of bitcoins a threat to jobs and national currencies and they will finished one day.
First, i think this is the source of new jobs in crypto industry & blockchain because future will relying on blockchain system and every work will done through this technology. According to me every day new jobs is creating in this field which will destroy the unemployment problem.
Second, crypto currencies are digital money, which can not used in every small place, there us we will require national paper currency to buy all goods. According to me it is possible that both currencies work simultaneously in near future.
I think Bitcoin and crypto's future is very bright and secure.
newbie
Activity: 196
Merit: 0
I think bitcoin is the initials of real money. bitcoin clearly threatens the original currency because most people keep an asset no longer in the form of money and also many people who buy and sell in the form of bitcoin
newbie
Activity: 196
Merit: 0
I think bitcoin is the initials of real money. bitcoin is obviously planting real money because most of the people you do are not only in the form of money and also lots of people who buy and sell in the form of bitcoin
full member
Activity: 350
Merit: 103
Will bitcoin be able to eclipse the existence of national currencies in the near future?

Never! Bitcoin won't eclipse the existence of national currencies! And I don't think bitcoin is a threat for the jobs too. Everybody wants a good job, Only money can't make you happy, A good job can change people's attitude, lifestyle, and many things! Bitcoin and Jobs are different in my view, there is no connection between them. But bad jobs will be ignored, A good Job will be accepted more than anything! My elder brother is a trader and crypto genius but he is doing a good job too!
sr. member
Activity: 600
Merit: 250
The existence of bitcoin will not be a threat to national jobs and currencies, because bitcoin is a cryptocurrency that has a different system and function than national currency, besides that bitcoin is not a national currency and no company gives its employees salary with bitcoin payments, but rather they give their employees salaries using national currencies.
newbie
Activity: 406
Merit: 0
I don't think the existence of Bitcoins a threat to job and national currencies. I don't feel that in my everyday life, not all people are willing to listen and learn Bitcoin because of the fear of the unknown. Some, they don't want BTC to succeed.
newbie
Activity: 98
Merit: 0
Although the coin helps people to earn money, it does not necessarily mean it is providing job to these individual. Plus people engaging tin Bitcoin trade does not mean no one is no longer going to use their local currency. I short there is no way Bitcoin is going to take away jobs and national currencies because, it not provide jobs for people
newbie
Activity: 84
Merit: 0
I think the existence of Bitcoin is no threat to jobs and national currencies. I think the existence of Bitcoin and all other cryptocurrency are to make money transfer easier for all individual.
sr. member
Activity: 532
Merit: 255
The bitcoin business opportunity is still very wide open and the opportunity for investment in bitcoin also looks very promising to do, but the drawback is the lack of understanding of the public on this one digital currency.
member
Activity: 173
Merit: 10
“The Future of Security Tokens”
Crypto overall can be a threat to regular jobs because some people tend to leave their jobs in order to do full time crypto, and that can lead to unemployment. But I don't see crypto as a threat to national currencies.
jr. member
Activity: 94
Merit: 1
It's certainly not a threat to jobs as long as one stay updated with the latest happening in the labor market, we can no-longer continue the ineffective traditional way of doing things and be expecting a magic. The national currency is there to compliment the bitcoin market, since not everyone is about to accept and understand the bitcoin network.
hero member
Activity: 1190
Merit: 511
Bitcoin is just a digital currency that will serve as an alternative to conventional money. But I do not think that the national currency will disappear, since it is unlikely that all people will accept bitcoin for use.
What I am seeing in bitcoin is that it creates an opportunity for all of the people, it creates an opportunity for all of us to have a great investment not only for short term but also to the future, it also creates great opportunity individually especially for those who just wanting to work at home because of the fact that they have kids to take care of or business.
member
Activity: 322
Merit: 10
Bitcoin is just a digital currency that will serve as an alternative to conventional money. But I do not think that the national currency will disappear, since it is unlikely that all people will accept bitcoin for use.
member
Activity: 490
Merit: 10
I don't think that's true. People don't just go to work to make money. A lot of people love their profession and enjoy it, even if they receive a small salary. Therefore, it is unlikely that bitcoin can pose a threat to jobs.
sr. member
Activity: 980
Merit: 250
No, the existence of bitcoin is not a threat to jobs and national currencies as it is also like a currency but it is digital and used as payment option like fiat in many countries and no threat to those countries job. It is in the growth stage and a lot of revolutions comes in it in the future as more and more countries moving towards this technology and it will create new jobs not a threat to old ones.
newbie
Activity: 58
Merit: 0
We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
 

I do not think bitcoin will become national currency yet in the future but I agree that it will become a viable threat in jobs. Since it opens a lot of opportunities for people globally, we can expect that more people will learn about it and eventually understand that it is easier to earn profit than offered jobs. Bitcoin values are way ahead of time and its blockchain technology makes it much easier for financial transactions because it is secure. It will not replace national currencies but it will be considered as one of the most valuable and reliable currency there is up to date.
member
Activity: 490
Merit: 12
The existence bitcoin might threaten bankers  who are of  the opinion that the decentralized and store of value feature of it could encourage investors to withdraw all their funds and exchange it to bitcoin or other Cryptos and stored in a secured wallet such an action will have much impact on the banking sectors which could  lead to loss of jobs however bitcoin also creates jobs opportunities like miners, programmers etc.
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