is there any economic effect for the country or bitcoin users - page 14.

Ranly123

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

I think there is no effect on economic value if bitcoin will be banned due to its anonimity and decentralized transactions in which no effect on economy. Bitcoin users are like ghost in the economy which works even without being noticed by some people in the community.

Choyor

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes, Bitcoin greatly affects the economies of its users, making them more financially secure, but not with some countries that consider Bitcoin as a threat to their economic stability, as evidenced by some countries that prohibit the use of Bitcoin. The difference is that we as individual Bitcoin users feel financially viable by Bitcoin but the country's view of the impact of Bitcoin is more universal.

buggy

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Yes definitely there is an economic effect to the country and the bitcoin users because users are given the chance to earn to improve their economic situation. Since people have earnings they can buy what they need for their everyday living and the taxes from the goods they buy will go to the government so both have good effects.

The_Dark_Knight

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Quote from: Hydrogen on January 17, 2018, 06:40:00 PM

Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

....

When a retail website like amazon.com goes down. There are some who claim this can represent millions in lost revenue. The same principle could apply to currency support. If there is a high demand for bitcoin and alts which are banned. That demand often can't be replaced. Its based on value and utility. Banning bitcoin is like shutting down the golden gate bridge or something people need and rely on which can't easily be replaced. A ban on crypto definitely represents negative impact upon the economy of a nation. I don't think there is anyone in the world who will argue with that. The only question is how much of a negative impact does a crypto ban represent.

There is also a side issue where independence movements across the world are likely to embrace bitcoin and crypto currencies to gain further independence from central banks. Brexit, the catalan independence movement and similar social reformation occurring around the world could embrace bitcoin and crypto. These bans could become polarized in the sense that independence movements may be likely to legalized and support crypto while those who oppose independence may move to ban crypto as they are able.

Also I will add that some countries may think that it is a good idea to ban those currencies now instead of later, bitcoin right now does not represent a significant amount of risk since not many people are using it, but once that happens banning bitcoin will be more difficult since the governments themselves will be dependent on the revenues generated by this industry so to me it seems that those countries could ban bitcoin preventively.

Hydrogen

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

....

When a retail website like amazon.com goes down. There are some who claim this can represent millions in lost revenue. The same principle could apply to currency support. If there is a high demand for bitcoin and alts which are banned. That demand often can't be replaced. Its based on value and utility. Banning bitcoin is like shutting down the golden gate bridge or something people need and rely on which can't easily be replaced. A ban on crypto definitely represents negative impact upon the economy of a nation. I don't think there is anyone in the world who will argue with that. The only question is how much of a negative impact does a crypto ban represent.

There is also a side issue where independence movements across the world are likely to embrace bitcoin and crypto currencies to gain further independence from central banks. Brexit, the catalan independence movement and similar social reformation occurring around the world could embrace bitcoin and crypto. These bans could become polarized in the sense that independence movements may be likely to legalized and support crypto while those who oppose independence may move to ban crypto as they are able.

stevano

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now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Topic: is there any economic effect for the country or bitcoin users - page 14. (Read 2399 times)