Topic: The role of Bitcoin in eliminating unemployment in our country - page 4. (Read 430 times)

Depending on which side to look at, because people are different, for example, when I found out about bitcoin, at first my attitude was skeptical, probably because of my ignorance, but over time I learned to make transactions, create a wallet and I like it, because  for me it is a hobby and additional income in my spare time.

In my country bitcoin has helped a lot of unemployed youth that was begging on the street due to bad government that only care about themselves and their family. Bitcoin is a great opportunity for all,as long as you are a bitcoiner,you will have this relief of financial freedom and hope for the future.

Youths in my countries are into trading and some of them can render service to someone outside the country and get paid in bitcoin. This forum is also an example of how bitcoin has helped many youth especially members from third world countries like myself. Assuming Satoshi did create bitcoin,this forum will not exist and casinos using the forum for ads won't be able to advertise their business. Forum members are paid through signature campaign in bitcoin. A lot of forum members has benefitted from it. Also there are many services rendered here that happens all in the name of bitcoin.

With Bitcoin and crypto in general, I was also able to support my needs and expenses on my own. I found works related to crypto that allow me to earn however, I cannot consider it as a stable job since I was neither permanently hired by a company/project nor have specific skills that I can offer to find clients (self-employed). Those were just side hustles that ain't for long-term jobs. So I don't know if Bitcoin can really help that much with regards to unemployment. Maybe others were able to find stable jobs related to Bitcoin but we can't rely on Bitcoin to help lessen the unemployment rate in our country. It gives us opportunities to earn but it doesn't mean it gives you a permanent job or a source of income.

Apart from some people who are still skeptical about cryptocurrencies, when viewed from the increasingly widespread adoption of cryptocurrency by technology developers and major institutions in the world, it can be seen that interest in bitcoin assets has recently been increasing from year to year.

Especially in this increasingly digital era, many financial experts and institutional investors are starting to look at cryptocurrencies as an attractive investment option. And not least that many young people in a country take advantage of bitcoin investment as additional income as is happening in your country. But what is clear is that bitcoin is not a profession or can work in bitcoin. This statement is wrong because bitcoin is currency. Bitcoin and blockchain technology can only have a positive impact on a country's economy, not a solution to overcoming unemployment.

Hoping that the government supports bitcoin is very difficult indeed, this is the same as in my country bitcoin is also strictly prohibited let alone used as a transaction tool. But not a few young people in my country can get better financial benefits because of bitcoin investment.

New industry will always bring new jobs to the new generation. When internet introduced search engines, they also created an new industry like the optimization where new kind of jobs are pretty much new to the people like SEO specialist and Social media marketers.

With the rise of blockchain, there are now blockchain specialist who analyzes origins and destination of coins and transaction. Telegram moderators are now being hired as well formtheir blockchain projects.

Whether you country support BTC or not, crypto will have its adoption and will create jobs or even replaces other jobs.

Bitcoin is not a job, even traders and investors are told to have other means of income and not depend solely on investing or trading unless they have become very good traders and they already have a capital to invest in trading. Otherwise I do not see bitcoin as an employment opportunity where someone gets paid for working. Bitcoin can help the unemployed but it is not a job and not what you should depend on for your livelihood. An unemployed person that is interested in bitcoin will still need to get a job that pays well to have enough and sufficient to invest in bitcoin. Investing in bitcoins is not for the unemployed.

Huh, I thought my country didn't have an unemployment problem, but then I looked at the data, compared it to other countries, and it seems that we really do. I think it might just be due to how it's calculated, probably looking at the number of officially employed people, whereas the shadow economy is so big in my country that it's almost a half of the total.
Bitcoin is quite popular, and so is trading, crypto investment. I'm not sure all of it can count as employment, though, and the number of crypto businesses that provide literal jobs is probably very small.
Having a job and having a good investment are two very different things.

We are actually getting all this wrong, although bitcoin is the first and the most widely used cryptocurrency coin but it is not bitcoin that actual provides work. Rather we could say it is the blockchain technology that has actually provided people with alternative to diverse into another technology and earn some money or bitcoin. This jobs comes only through development of new wallets or maintainers of exchanges. And as the the cryptocurrency community increases many platforms will come up and the need for developers will arise which will provide jobs for some but this doesn’t eliminate a large significant of unemployment rate we have.

The freelancing and the faucets done by youths shouldn’t be classified as a job or any employment because it doesn’t always guarantee earnings. The only way youths earn in bitcoin which is common is through trading and this also doesn’t Eliminate poverty because you still need funds to invest or trade in bitcoin. And this funds isn’t just any funds but money that can be losable and I don’t think the poor who don’t have work can actually afford to spare this money into trading

The Bitcoin system is completely transparent and provides us with financial freedom. That is why the kids and young generation are shifting their cash and attention to it, because we have seen how banks utilize us to create their own money using our money that we store with them, and investing in Bitcoin will provide us with complete financial freedom as well as some profit in return.

Yes, you are right, but it has not completely lowered the unemployment rate, as you stated.
The emergence of Bitcoin has actually created options for people who rely solely on the government for employment; many people have begun Bitcoin trading to earn a living, which is a positive development.

Governments are always after what they will get some tax from, and you know that Bitcoin is decentralized, which means the government cannot have control over it. Therefore, it will be very difficult for the government to fully support Bitcoin.

No matter where you live, everyone wants to live the good life. That's why we try to learn what will lead us to a good life. One of them, and perhaps the biggest, is bitcoin. We all want to learn about the bitcoin world and earn income from this world. We also want to show everyone the advantages of bitcoin. I know people who earn an income from bitcoin as an additional income. This aspect of Bitcoin also reduces unemployment. It is emerging as a new profession.

One of the best things about Bitcoin is that it is accessible to everyone. Even this allows everyone in the society to do business in the bitcoin world. Our goal is to make good use of these times and take our place in the bitcoin world.

The government could support Bitcoin being used in their country, but the problem is that the government doesn't like Bitcoin because they can't fully control it. Governments don't see Bitcoin as one to make money for their people but as a threat to their currency.

And finally, the government made various kinds of regulations that could hinder the growth of Bitcoin in their country. But they also know that the government cannot control Bitcoin even though they can control Bitcoin owners by imposing taxes on Bitcoin or crypto owners. And this method has begun to be implemented in several countries so that the government can determine which citizens have Bitcoin or crypto.

But when the government can support Bitcoin, make strict regulations for third parties, and protect the interests of crypto or Bitcoin owners, the younger generation will definitely have a way to generate income. And hopefully, this can happen soon, especially when Bitcoin can increase again and finally open the eyes and minds of the government that Bitcoin can provide benefits to everyone.

Bitcoin is obviously playing a interesting role nowadays in many countries, especially for the younger generation and those who are still studying or unemployed. It can help them meet their financial needs and even support their families and probably leading them to financial stability in some cases. I personally know some friends who don't have irl jobs but are earning money online through freelancing and then investing in Bitcoin or receiving direct payments in Bitcoin.

I believe that Bitcoin is assisting thousands, if not millions of young people worldwide who are seeking additional income opportunities. The only challenge lies with the government as many countries have yet to legalize Bitcoin. However, I think it will take some time for that to happen.

In what way they are earning?
The only way an individual could earn money from this industry in general, and without investing is through airdrops (not all are paying), whitelisting, faucets, and campaigns in this forum (on signatures requirement is high knowing how hard it is to earn merit although there are contests they may join but there are skills required). Also with investment, the market price of Bitcoin is not consistently increasing which means profit won't be continuous, and that answers the question as well regarding unemployment and such which I think is impossible. Investments are good for additional profit or income but won't be guaranteed to generate consistent money.

many years ago (before the fee wars priced out utility) i visited some 3rd world countries and they loved having EASY access to an international currency that were offering remote working opportunities where the average wage was paid in 1st world countries wage amounts. it allowed them to take the small jobs 1st worlders thought were minimum wage and impractical but were luxury wages for the 3rd worlders

usually with fiat. to get a fiat paid job usually requires people having bank accounts and social security numbers and proof of residency and tax ID and such. meaning there was a barrier of entry for foreign workers getting a job hosted by a 1st world nation.. or if the 1st world nation were paying a 3rd world nation in fiat. they would under pay them far far far below 1st world nations minimum wage.

but bitcoin cut through that red tape. and did allow alot of opportunity for 3rd world nations to work for 1st world nations and get wages at the equivalent of 1st world nations

ive seen it happen less and less now. not just where bitcoin tx fee's have turned into multiple hours of 3rd world nations minimum wage .. but also with new regulations about taxing bitcoin and businesses needing to be audited and show accounts meaning they are starting to play the fiat rules when using bitcoin..

..but with that said. there are still alot of opportunities around

Take this or leave it, the government doesn't like it, they lose control seeing their people making more money through other means than working to make some Fiat currency,  something doing better than a nation's currency will be hated.

The role of Bitcoin in eliminating unemployment is happening around the world, things could get really ugly for crypto is all other countries start doing what the US is doing right now, the only hope left is getting a crypto lover elected in 2024.

Bitcoin is not a profession. Maybe you are pertaining to blockchain developer because that’s were the employment involved and not on Bitcoin since the community owns Bitcoin and not a single entity that will create job. You clearly have a misconception on the use of Bitcoin.


I agree on government should support Bitcoin because it’s a great way of payment system and investment in the same time. But again you have a wrong understanding on Bitcoin. It doesn’t create a job. It can be use as payment for the job but it can’t create job itself.

That was my setup way back when I was still in college, I'm supporting my own through the help of Bitcoin, and it was good since I can buy whatever I wanted and needed. Bitcoin introduced me to a lot of opportunities that couldn't be attain when being employed, since you can earn so much in cryptocurrency based on how good you are compare to working in a company in which you're not getting any benefits aside from working 8 hours a day, which is very tiring for me.

I mean, freelancing is a lot more easier, we can't deny that and the salary or profits is really good if you're passionate on what you're doing.

I guess you're talking about Bangladesh, right? Anyway, not to take anything away from your country I think unemployment is generally a problem for most underdeveloped countries where their leaders steal the scare resources they've got without punishment.

Back to the issue, it's true that Bitcoin is phenomenal in this age but we can't say it's specifically taking away unemployment. It's the services directly or indirectly associated with it that does. For instance, just buying and hodling Bitcoin won't do much for anyone except they sell off. In doing that, they're trading it. In trading it, exchanges are involved. Promotions and advertisements spring up because of this. Alternative coins are created, people get jobs from such and so forth. In this era, there are also financial opportunities from the social media such as the ones created by TikTok, YouTube and a few others where young people also make money from.

As a decentralized currency it plays the role of an unregulated alternative to fiat. The younger generations does not have to be fixated on the banks and solely dependent on them cause of the emergence of bitcoin.

You earn bitcoin, not earn money through bitcoin. Bitcoin is money.

Bitcoin does not create jobs and does not fix the economy of a nation.

- Jay -

The world is open and many chances are open for everyone. Freelance is a trend nowadays and it has become more popular and favorite since Covid-19 pandemic. However it is not perfect, world finance recession bring some difficulties to freelancers too.

I don't think there are connections between unemployment and Bitcoin as a choice for unemployed people.

You are saying something wrong. bitcoin is a cryptocurrency, not a profession. You can say a profession if you are mentioning about others like Bitcoin mining, Bitcoin investment, Bitcoin trading but bitcoin itself is only a coin and not a profession.