Topic: The role of Bitcoin in eliminating unemployment in our country - page 2. (Read 488 times)

Bitcoin's main purpose is to give freedom to its users. But people have different views on it based on their personal choice. One may think of it as a method of payment/currency. And others may think of it as an investment asset. People take advantage of the market volatility and use it to generate income. It is not the perfect solution to unemployment but as mentioned in OP, it really gives us the opportunity to do something with it. With the right approach, one can become successful with it. Even if we don't talk about huge success, it does give us a flow in life to carry on doing something. But as it also carries risks, we should proceed with cautions.
keeping all that aside, it does help many young people to generate some income to support their daily life. Not giving up and keep working on it will one day bring success for sure. So in my opinion, freelancing will give you more opportunities in life. You just need to keep holding onto it.

Personally, this is where I am at currently. The privilege of working online at the convenience of my home makes this venue both a privilege and a blessing. I cannot stress enough on how signature campaigns helped me support through funding my college materials and expenses.


Not only did doing cryptocurrencies helped me but it also indirectly helped my family in alleviating the expenses. The fact that I can purchase my own materials for myself without the need of asking from my father makes this as the perfect avenue in terms of support.

Though I still doubt that it can absolutely eliminate unemployment, it can definitely at least mitigate the damages caused by it.

Anyway Bitcoin is a digital currency not a profession. And there is no way that Bitcoin can make people employed. But we may earn Bitcoins in many ways like trading, holding etc. I think you should first learn the actual definition of Bitcoin and how it works. Many people are involved in Bitcoin and earning through many ways and also people are losing too. So be aware when using digital currency.

Choosing Bitcoin as a livelihood? Now, doesn't that stir the pot? I suspect there might be a slight mix-up. A craftsman shapes timber, a wordsmith spins tales, and a financier juggles wealth. But has anyone ever declared money as their occupation? Hardly! Cryptocurrencies, rising like a phoenix, have udoubtedly paved new paths for employment. However, it's majorly tethered to blockchain wizardry and trading, not merely possessing or dealing in Bitcoin. So when you suggest folks are 'laboring on Bitcoin,' it piques criosity: What does that imply, precisely? And on the subject of governments endorsing Bitcoin, it's quite a bone of contention, wouldn't you agree? The notion holds allure, certainly, but also bears traps. After all, what government would bankroll something as capricious and ungovernable as Bitcoin? I'm eager to know your take on this!

Unemployment cannot be really eliminated, what people can do is to use bitcoin as a payment tool which allows them to exchange their products and services with people all over the world that otherwise will be difficult to reach while at the same time they get to use a common currency between the two, but that is pretty much it, bitcoin is not a tool that is going to solve any kind of big crisis or anything, bitcoin was built by Satoshi as a hard asset and as a network, and those are two functions that bitcoin performs admirably well, anything else which people try to do with bitcoin is their decision and it has nothing to do with bitcoin itself.

Maybe because adoption is not clear and the government has not legalized it. I can't remember which company paid out bitcoins to their employees, but it has been in recent years. Many real-world workers are obviously still being paid with conventionally methods because companies haven't yet adopted bitcoin, but some online jobs may have.

That's right, bitcoin isn't going to suddenly make job requirements laxer. Not having the will and skills means not having opportunities. Bitcoin only enriches payment methods, but freelancers are not really a new type of work and some still use conventional methods to pay workers.

I believe that the existence of bitcoin and other coins can help them increase their finances, it can also reduce the unemployment rate and this is more possible if there is even more accurate data, about how to earn here, there are many ways and various advertisements and programs with expertise they certainly can produce.

Even though the work here is risky and unstable I think there are still many who survive and they can still make some money.

Of course with 3rd world countries able to help them with signature campaigns I think for example with a payout of $50 or so it's more than enough for a week.

what's the concept. bitcoin can eliminate unemployment ?
where as I know unemployed are people who 100% don't work in real life, and have nothing to do with bitcoin itself
where can you say that
bitcoin is an investment that can provide regular profits with existing techniques such as daily, weekly and even yearly, not for work i think

Not only for students, Bitcoin has changed the entire economic system of the world. And it's true that there are many Bitcoin related sources through which people are currently earning. However, I have doubts about how reasonable it is to call Bitcoin a direct profession. But every country should accept it to adapt to the upcoming modern world.  And the governments that are not capable enough to accept this cryptocurrency I think they should look into it now.

lightning is another network its not the bitcoin network.. the clue is in the N of LN
onion payments between routers of LN do not transmit raw bitcoin transactions. nor value measured in bitcoin sats. they use a completely different unit of measure and different mechanism of requesting payments, which bitcoin does not understand.

dont confuse bitcoin with lightning

if you want to talk about BITCOIN utility. actually talk about the utility that can happen on the bitcoin network. because bitcoins never leave the bitcoin network.. otherwise you might aswell be promoting any random subnetwork like WBTC btc.b or rbtc and all other pegged crap networks that pretend to be bitcoin

bitcoin does not support "micropayments" other networks handle "micropayments"

years ago. bitcoin did allow people to transact for only a few pennies in fees meaning those earning $3 a week could afford to use BITCOIN to transact and still have enough left over to actually spend

..
again with all that said bitcoin does allow 3rd world countries access into 1st world economy, without all the bureaucracy of the 1st world.. (although regulations are trying to attack this too)


the benefits of bitcoin is not for 3rd worlders to still be paid micropayments(low income).. but instead actually to work from their 3rd world nation but be paid in 1st world nations high salary

I think the key potential that Bitcoin can unlock, is the jobs for micro payment. There are loads of "online" tasks that people could do for micro payments. Example : Writing letters to people for say $0.50 per letter and paying with the Lightning Network. This task can be done from anywhere in the world. (A company doing this do not have to hire a full-time secretary with expensive benefits)

The signature campaigns on this forum is another perfect example.... People in 3rd world countries can live off the income of a weeks signature payments. 

Being a bitcoin investor is a great thing because they will have an extra source of income. But investing in bitcoin does not generate a steady income, and sometimes, we will suffer losses; how can it be said that bitcoin is helping to reduce unemployment in your country?

But I agree with you on the impact of bitcoin on disabled, physically limited people. Because if they study hard, they will be able to make money from bitcoin by trading, investing... without having to depend too much on their loved ones.

I think you're talking about the freelancers here because most of the people who are earning thru Bitcoin are probably the freelancers who are selling their services, and being paid thru crypto.

Well, I guess there are some people not only in your country, but around the world who took the pandemic as an opportunity for them to work online, and stay home. We knew already that many people got unemployed because of the pandemic, but they didn't lose hope, and found ways to earn online. Some of them are successful currently while there are some who didn't success on it unfortunately. Lucky for those who are being paid thru Bitcoin, and other altcoin as they already find a side income/main income. As long as you have a skill, and you know how to use computer then I guess you have an edge compare to those who don't have.

Most of the governments right now in the world are either neutral, or against it. I don't see any government that's pro-Bitcoin aside from El Salvador.

Government supporting Bitcoin? Well, it's good if that happens, but the question is how far, and how long they will support it... or will they support it at first place. I think it would be better if the government from different countries just let their countrymen use it without any restrictions instead of Bitcoin being banned on their country.

Bitcoin has changed the lives of many people through early investment as well as those who have faith in bitcoin. But that doesn't mean bitcoin will get people out of unemployment. Bitcoin is a financial market, and if it can get us out of unemployment, so can stocks and forex. We need to be realistic, not delusional, and bitcoin is a financial market. There will be winners and losers, winners, whoever earns money, will worship bitcoin as a god, whereas losers will consider bitcoin as gambling and a scam.

every country and government of course have different opinions on this matter, namely some accept btc and some don't, but of course the government also has its own reasons for this. but I hope that in the future more governments and others will accept bitcoins.

I feel happy when I hear that there are people who are economically helped by investing in bitcoin, and in my area there are also many who are helped economically because of investment in BTC, and unemployment is now starting to decrease because it is helped by bitcoin and now many unemployed are switching professions to become BTC investors. .
and many have been successful from their investment in btc. not even just the unemployed, people who have physical limitations are now starting to invest in btc and their economy is being helped.

so bitcoin is very useful.

There are some side gigs that you can do for bitcoin, but for the most part, for sure employers would want to pay you with fiat. Then again, bitcoin isn't some sort of magical tool that provides employment opportunities to those who don't have anything to work for. Some freelance opportunities exist, sure, but they are few and far between, and you really need to be skillful in order to land the gig. You can also trade bitcoins if you have the capital to do so and call it your work, but how many underprivileged people get to trade bitcoins anyway?

Working on Bitcoin? What kind of profession is this? Bitcoin is not a magic unemployment pill that allows to create wealth out of nowhere. I believe you have a misconception. The crypto industry creates new jobs because specialists in new directions are needed. But BTC has nothing to do with work and unemployment, because it's money. Digital virtual money.

How can chosen bitcoin as a profession? Speculating on bitcoin may still be a profession, but BTC is not.

I think the government of any country pursues its own interests and the support of bitcoin is not included in this. There is no reason to be under the illusion that they will accept BTC just because it will get rid of unemployment.

Good topic op. BTC and many other cryptocurrencies have helped decrease unemployment rates to a small extent around the world based on my research. Trading, mining, advertising etc are just some ways how this happened.

However, these jobs are unstable which is why they are risky in nature.

It has a big impact on all people, whether you are a student, a working person, or even someone who is ill and can't work outside. I do have friends like this, and they are earning much more than me working, even though they hire me sometimes to do simple tasks. What bitcoin really brought to us was that it helped us financially, and we also learned something about investing. I would really say that it is eliminating unemployment in our country as they become self-employed.