Topic: The role of Bitcoin in eliminating unemployment in our country (Read 490 times)

Bitcoin and cryptocurrencies are not in a position to solve unemployment en masse and i think it's early. The majority of people who know Bitcoin and deal with trading in crypto money markets are striving for their financial freedom. One of the social problems, unemployment is almost impossible for my country to solve with Bitcoin. Because people see Bitcoin as a means of rapid enrichment. If you are aiming to get rich quick for financial freedom you will hit the bottom. There are a lot of people around me who want to get rich fast and most of them suddenly lose their savings. In order to prevent mass unemployment it is necessary to add Bitcoin to the education curriculum.

Bitcoin lessons need to be given to children. Certainly this will not end unemployment but it will enable a conscious society to grow. New generations need to understand crypto markets early. But as i said before if you see these trainings as a gamble and aim for quick wealth, you will hit the bottom. I do not believe that Bitcoin will ever end unemployment definitively. Bitcoin is essentially a tool for value creation, financial freedom and protection. People aim to earn daily income by trading bitcoin in my country.

I don't deny that there are people who assume trading or investing in Bitcoin is their profession. But since not everyone has the ability to earn profits in trading or investing, it is not an easy job or profession. So, trading or investing in Bitcoin can't be an ideal choice for every person. Instead of earning money, people may get losses only if they don't understand how to trade or invest properly. Considering this matter, how Bitcoin can eliminate unemployed people in a country? In addition, not every person is also interested in trading or investing, some people may prefer to do real jobs. Commonly, only people who are familiar with digital works can be easily interested in trading or investing in Bitcoin/altcoins.

Bitcoin does help decreasing unemployment, but not through our local governments endorsing its usage and adoption.

Bitcoin helps through allowing common people to find jobs opportunities on the internet which wouldn't be disponible for them if it wasn't for Bitcoin or another currency with the same characteristics.

After all, it's not Bitcoin exactly which ceases unemployment. It's just a tool to connect employees to employers easier and with less bureaucracy. What we really need are more jobs offers. That is the only way to decrease unemployment.

A lot of people really helped because of bitcoin, and we are the same, as it really made me experience how to own that money, which was my first time in my life. For sure, others' lives have also improved because of bitcoin, and others, like unemployed people, also earn from it. What is really best about crypto is that it helped those in need, like no exception, even if you are poor. The opportunity really knocks on your door, like for me. I was just browsing the internet and found the wordbitcoin," and that was the start, which also led to new online friends.

Well I don't have much experience in this sector. Bitcoin is banned in our country. So creating an industry that runs with Bitcoin is a NO-NO. But if taken good measure to keep our privacy safe, individually we can do much more. As being a 3rd world country, with a little bit of effort, we can do much more with Bitcoin. Trading is a complicated process and not for everyone. But if we can create a long term plan for investment and just HODL. We can get a good profit which will help us build our on business or something. Bitcoin is not the solution in terms of reducing unemployment, but it gives us a lot of opportunity to do something on our own.

Here's a story of mine I want to share with you. I was unemployed and got into cryptocurrency. Made a savings from my crypto journey. Started a business with rice. And now, while I have that, I am expanding my business in other section. I have a pond at my home village. I'm farming fish in that. And the interesting thing is, I am still studying and managing all this. All thanks to Bitcoin and crypto industry.

I barely doubt crypto can help us overcome the unemployment in the country. At least not in our country where country’s finance minister is against the crypto currency usage within the country. I mean she is so furious right now that they are asking other countries as well too build a box for crypto and tighten the rules and regulations so that it can be controlled within early stages of its outburst.

Imagine, in such situation how do you think crypto could help us overcome the unemployment. There is no proper infra here. In my country peeps are using it but just to make profits with trading, Store the crypto etc etc. But no one using it with business virtue where job can be performed and get paid in crypto. Literally it’s off the book.

True that Bitcoin purpose of creation is to remove third party in processing transaction but we cannot deny the fact that with the benefits gotten from Bitcoin, it helps people to save money while others even profit from Bitcoin involvement thus it enable them to create business that demands employment.  With this situation happening, Bitcoin Industry helps in the reduction of unemployment in a country, especially when a country is positive towards Bitcoin adoption.

As someone from a region where we are facing an unprecedented level of unemployment (it is expected to rise to  40.6% as compared to 2022’s 37.7% according to reports¹), I can say that the solution to this is the collaboration between governments, educational institutions, and private companies in developing training programs and initiatives that will equip young Africans with the necessary skills to participate in the blockchain and cryptocurrency industry. Here is my reason.  As of 2022 my country was ranked among the top 20 countries in the global crypto adoption index². What this reveals is that there is a potential for bitcoin and cryptocurrency to provide economic opportunities.

There is a rising need for qualified individuals in the blockchain industry as Bitcoin usage keeps growing throughout my nation and continent. Nigeria had an 81% growth rate in blockchain talent, which placed it fourth among other nations in 2022 ³. By itself, this indicates that there are numerous career opportunities for Nigerians in the blockchain business, as well as a significant talent pool that can be developed. New jobs and economic growth will be created as a result. The bitcoin and cryptocurrency sector itself provides young people in my area with access to well-paying employment in a rapidly expanding and developing digital economy.

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1. https://www.channelstv.com/2023/04/11/nigerias-unemployment-rate-to-rise-to-41-in-2023-kpmg/#:~:text=The%20report%20also%20revealed%20in,of%20political%20transition%20in%20Nigeria.

2. https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/

3. https://diutocoinnews.com.ng/linkedin-okx-blockchain-talent-growth-report/9585/

4. https://www.forbes.com/sites/digital-assets/2023/05/30/how-bitcoin--can-fuel-job-creation-in-africa/?sh=6504638c2e66

Currently many people already know about Bitcoin and they are starting to invest, especially young people because they have a very big soul in achieving success, and Bitcoin is one of the future assets so many people are tempted by Bitcoin, and those who used to not have enough income but by learning Bitcoin and are now starting to get very satisfying results to help families to be free from problems  Financial, so now Bitcoin has a big role in life in a country, and the government must first protect Bitcoin to avoid things that are not wanted.

Many youths are into Cryptocurrency and making money for themselves in this part of the country that I came from though the government doesn't accept the trade. Many people that I know have made their millions from Bitcoin trading and investment. It can just be different from the time they were introduced and the opportunity they took with this coin.

Nope, I don't think that it was created for that purpose.
For me it was created to give us freedom from centralized banks, it was created or anonymity so our credentials would be safe even if we would use it.
I also believe your point of view before, but in reality it is hard to make a living on it if you would consider being a trader, then you need another way to earn since there are times that you wouldn't earn since you would be forced to HODL.

Every year students of our country are living unemployment without getting a job after graduation. and their numbers are slowly increasing as the years roll by. Educated youths are choosing online freelancing to eliminate this unemployment by doing this online freelancing work they are earning money and eliminating unemployment in the country and fulfilling their daily needs. and being able to support their families financially. Making money by freelancing or investing in bitcoins. Buy investing in Bitcoin, their earnings are increasing more and more. So Bitcoin has a lot of contribution to eliminate unemployment in the country.

you are right, in my country the mojority of bitcoin users or bitcoin investors are young people or at least people in age of under 40 years, although people who are 40 years up are exist in this crypto sphere in my country but the ammount are not much.

I think there are no correlation when you are talking about between workers who do their job then still invest + earn from bitcoin and people suffer with unemployment which is people is not already got any job but have earning on bitcoin.

yeah of course goverment should support growing of bitcoin to sopport its economic to grows.

Working in Bitcoin, what do you mean?

Bitcoin for early investors has given them enough wealth that the only work required of them is to safely keep the bitcoin, and that's it. They are either earning a daily profit or enjoying long-term benefits.

As a student, Bitcoin might not directly give you a working opportunity for you to earn directly from, but the development and introduction of Bitcoin have created a lot of work opportunities for people. Now, with a little skill online, one can now earn with Bitcoin, so they don't necessarily have to go out of their house to serve anyone or work in anyone's office. It's also undeniable that one can also earn a little income to add to what they are giving for their academic support.

I see Bitcoin as something that creates a lot of opportunities, not just for the youth but for everyone who knows how to use opportunity, but job creation and the reduction of unemployment are never one of the things I see as part of Bitcoin's ambition; it all depends on how we see it and how we use it that will determine what it will be for us. Bitcoin has been used as a payment option for a lot of job opportunities out there, but Bitcoin is not directly an employer of labor, so it doesn't directly create employment opportunities or reduce the rate of unemployment.

Well, you are right though, the only way I think bitcoin suppresses unemployment in the society is through trading, atleast, I know of some unemployed guys who are now full time crypto traders and also have a small investment in bitcoin, and they are doing really well financially.

So yeah, the emergence of bitcoin have indeed reduced unemployment, might not be too significant to be noticed, but sincerely, it has in its small way, there were many without direction and hope for the future, like myself back in 2015 before I discovered bitcoin, today, I manage a good business of my own, have a great family and living fine, all thanks to God for changing my life through bitcoin, I no longer have to work 7 to 7 jobs anymore.

To be honest, Bitcoin really helps, helps a lot. This happened to me personally, and I'm sure many people have changed their lives for the better and have enough income from Bitcoin and cryptocurrencies in general. I can do work from home, having this job as a sode job is really worthy. Sometimes the result is more than the monthly salary. And this also affects some acquaintances who really focus on working in Crypto. They really changed his life, and they are hard workers in this business..

The bitcoin industry does not only offer investments and trading.  It also offers jobs through a start-up company that takes advantage of the bitcoin market.  People who got their job from these companies have secured their source of income especially when the company is booming due to the popularity of Bitcoin.  there are also lots of company that take advantage of freelancers so Bitcoin even though not that much have some impact in helping the government to eliminate unemployment.

Yes, you are right. In a simple word, you can say that there is a source of livelihood, but it cannot be termed permanent employment status. Because Bitcoin trading has had a significant impact on employment in various ways, It has created new job opportunities in the cryptocurrency industry for traders, analysts, and brokers who specialize in or are well aware of Bitcoin. These professionals provide services and expertise to individuals and different platforms looking to trade Bitcoin. Additionally, the growing popularity of Bitcoin helps create jobs in customer support, software development, and security. Overall, bitcoin trading offers opportunities, particularly in sectors related to cryptocurrencies and blockchain technology.

The role of bitcoin for the younger generation is very large at this time, where many people are aware of maintaining the value of their currency and trying to invest in bitcoin is the right choice amidst fiat chaos in maintaining the value of their currency. There are many people who are able to support their families through bitcoin investments and are able to make their finances much better than before, but this is not achieved easily because consistency is required in maintaining confidence when starting investments, taking into account the negative issues and the volatility of bitcoin which can bring for someone to a loss under certain conditions.

As time goes by they start to realize and get more experienced in investing because direct involvement is very important as a step to gain experience. In the end they found the positive side that bitcoin can provide, so many people started to feel comfortable and continued to invest independently and regularly all the time.

Bitcoin will not reduce unemployment because bitcoin is not a social institution or zakat house that distributes aid. Bitcoin will be useful when people are able to use it for investment, when people/unemployed are not involved then bitcoin will not have any impact on them.

Where do you live?
How far is bitcoin growing around where you live and how the current government sees the growing adoption of bitcoin?
Bitcoin can influence people to reach a better financial stage, but you will not get comparable profits if you don't invest it regularly, many people know bitcoin but unfortunately not everyone is involved in investing. This is where the real problem lies because the role bitcoin can play when individuals can take advantage of it.

Bitcoin and cryptocurrencies play a role in reducing unemployment, although their impact is not particularly significant. However, they do assist many individuals in meeting their family expenses. Numerous people engage with cryptocurrencies and earn from them, although these activities should not be regarded as full-time employment. I am aware of numerous individuals who work on crypto exchanges and platforms, but their numbers are not substantial.

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.

Trading it is one way to generate profits, but there are other opportunities when venturing into the realm of cryptocurrencies and Bitcoin. Within this forum, there exists a marketplace where business transactions take place, and I am truly impressed by how many individuals and even renowned large companies utilize this platform for conducting their businesses.

Earning money with the aid of Bitcoin can be accomplished through various means, and it does not solely contribute to reducing unemployment rates within a country. Nonetheless, it does provide some relief by easing the financial burden on individuals who have embarked on business ventures by leveraging Bitcoin.

After all, bitcoin is money, an investment like any other, we use it to make more money with our money. Thereby it can be seen that bitcoin does not create jobs, so it cannot help anyone get out of unemployment, and that is not what bitcoin was created for.
To be more precise, bitcoin is a speculative asset and cryptocurrency is a financial market. Where people will take money from each other, strong, intelligent people will find ways to take money from weak and stupid people. The market is a battlefield, it is incredibly fierce, not as simple as you think, not just holding, and the price will increase, and everyone will win.

What do you mean by this? Is it like joining signature campaigns and getting paid in bitcoin? No doubt it is a great help to many but that side job or hustle shouldn't be treated as a real profession. Maybe earning through trading can be considered as one but that's easier said than done. I personally doubt it would curb unemployment when so many are being burned or liquidated in the market.

Government support means regulations.
Regulations are often viewed negatively.

In my area, there are also many people who are economically helped by investing in BTC, but there are also those who lose as a result of investing in BTC, but the ones who lose investing in BTC are mostly beginners who don't know how to buy and sell properly, but as time goes by, now many people who failed freviously investing in btc, and now they get big profits and they learn from their experience when they failed to invest in btc. so in my opinion investing in btc really helps the people's economy but with the condition that you have to know the knowledge first before investing because investing in btc is very risky.

Bitcoin is gradually becoming a popular means of payment and plays an important role in today's business and financial world. Today's younger generation is often seen as the fastest adopters of new technology like Bitcoin and blockchain, so they have more opportunities to tap into Bitcoin's potential and contribute to its adoption as a means of payment more popular. Working with Bitcoin also requires indepth understanding and extensive market research. Choosing Bitcoin as a profession should be carefully considered to ensure that risks are controlled and to avoid unnecessary losses.

Regarding government support for Bitcoin, this requires careful consideration to ensure that this support does not cause a negative impact on the economy and finances of the country. If done properly, backing Bitcoin can help boost competitiveness and put the country's economy on a more advanced trend.

In a more specific definition I can't generalize all crypto activity is "job", even bitcoin can grow in value on its own. Jobs are those in which people must be bound for a certain amount of time to complete official duties, not optional tasks.
A little story a few years ago in my fellow connection, someone left their main job to be unemployed to have more free time to explore crypto opportunities which at that time sounded more promising in terms of income. Maybe this is also happening a lot out there which concludes that crypto has the opportunity to make someone leave the main job.

People around me have been acquainted with bitcoin long ago. That's why bitcoin has now become their main business. They know a lot about Bitcoin and benefit themselves from it. On unemployment, they all have jobs thanks to bitcoin. Bitcoin has a positive effect on unemployment both in the past and now.

Bitcoin as a technology have offered self sificiacncy to any one who adopts and uses it both as an asset e.g a store of value and also a currency, so if anyone embraces Bitcoin and takes the extra effort to build adequate knowledge on the subject matter, bitcoin can influence their financial decisions and management of the portfolio independently from the government thereby making the. Individuals are financially free.

So Bitcoin plays a great role in the economy and one needs to pay close attention to that so as not to make any mistake of the concept.

Bitcoin have got nothing to do with unemployment. Already there is a miscommunication about bitcoin that it is a quick rich scheme. People without proper understanding get into the market and end up losing. Same as that something not related to bitcoin shouldn't be spread around. Through bitcoin it is possible to earn, but the same shouldn't be connected with reduction in unemployment.

Maybe someday people who look for job could land into bitcoin leaving all his professional learning which isn't a good idea. So, when it comes to bitcoin, things need to be analysed well than just making decisions based on the overview.

The unemployment rate of a nation is not reduced by the use of bitcoin; rather, by providing its residents control over their assets, it helps that nation's citizens maintain their financial stability.

Bitcoin has benefited people by giving them access to employment opportunities, which they utilize to support their families and themselves. However, because the crypto market is currently in the red, it would be foolish to completely rely on bitcoin at this point to survive. At this point in the bearish market, a DCA approach should be used.

Bitcoin gives us an opportunity where to invest our money and earn some but this never means that it saves everyone. What I mean is that Bitcoin investment is another way of earning or growing our money and this serves as an option for everyone and those who have the guts to involve themselves in the crypto space can benefit from this. Well, the question is everyone is able to take this opportunity, well, I guess not. So, this would say that it never eliminates unemployment because many people hate risky investments and much more if you are impatient.

There is no permanent solution about minimizing unemployment rate. That was already part of the economic ecosystem even for rich countries. If thats the case at those first world countries, just imagine how huge the problem is at those countries on below tiers and third-world.

Although if we looked at the bright side, it's a big help that several crypto-related jobs are being in demand. For example, local crypto exchanges have been increasing its numbers therefore it needs a manpower and these companies are looking for some people to fulfill the available positions. Another example are those crypto-related works as freelance, full time or part time. Here in our local freelance website, I'm seeing lots of available works that is related to crypto.

The conclusion, bitcoin or crypto might not be able to eliminate unemployment but it opens opportunity for some people that were jobless beforeol or having difficulty looking for a stable job.

People suffering from unemployment do not change even after Bitcoin has been introduced.  The job created by Bitcoin or cryptocurrency start-up does not suffice or create an impact where unemployment is reduced.  Bitcoin is not an all-out fixed for unemployment because it only covers a few areas of specialty and we all know every year there are tons of graduates from different courses that Bitcoin cannot cover.  It can help with employment but is not so huge that it will eliminate unemployment even with the government utilizing its potentials.

To eliminate unemployment, the government must dedicate its resources to creating job opportunities in different sectors.  It is not Bitcoin that can fix this unemployment but the government itself.

Do you think that earning from playing games will be enough to increase the standard of living?

We are not talking about the individuals just the whole so if the supply becomes abundant then there will be no value so these kind of earnings can't change anything but some rewards we can get while playing.

it is true that Bitcoin can improve our finances but I don't fully understand about your explanation, do they sell services or do business and they are paid with Bitcoin? or they trade and invest in Bitcoin? if they are investing then it might take a long time to get multiple profits.
in my opinion Bitcoin is not a profession, Bitcoin can indeed facilitate our financial transactions and protect us from currency devaluation but cannot simply overcome the problem of unemployment or eliminate it because Bitcoin is not a special program to eliminate unemployment and poverty.
Bitcoin is not an easy thing to get for everyone for free, while we can get it for free it's definitely not much.

apart from that I am also happy to hear that many people have been helped by the presence of Bitcoin in your country.

how do people make Bitcoin a profession? I still don't really understand the concept you explained.
do you invest or trade Bitcoin? it requires capital, not an unemployed person. even for a student, it takes capital and time until they are really established to do it with the Bitcoin they have.
the younger generation may find it easier to accept and learn about Bitcoin. but how Bitcoin will be used in your country, it depends on the regulations in your country. some of them legalize transactions using Bitcoin. but most others only legalize the ownership of Bitcoin as a tradable investment asset.

Its not just Bitcoin but blockchain technology can be use to raise standard of living. The growing number of youth that benefits in crypto are the ones in the Play to Earn games. Not neccesarily in Bitcoin though, majority of these play to earn games are on ETH.

This could be the greatest help to take advantage of by the crypto users which is to make money out of those games they play.

The primary goal of bitcoin creation is to serve as an alternative to existing fiat money, not as a method of employment to free people from financial constraints. The secondary goal of it is to be utilized as a means of employment, and it has helped to solve the dearth of employment in some nations where youths have taken advantage of it through investment, serving as aides for p2p transactions, and so on.


Governments that have embraced bitcoin have had no negative consequences from letting it in the country. They've been able to see the benefits that come with it and have taken advantage of it by legalizing it, as well as generating revenue for the country by taxing those who use it for transactions.

Bitcoin will not eliminate the unemployment or poverty around the world however it may be able to reduce the financial inequality from the current level to better. Bitcoin is money sonwe need work to earn that money but since it's internet era it gave opportunity for everyone to make money online if they have skills like through social media, trading of assets, giving services and opinions,etc.

Bitcoin has a role to reduce the impact of unemployment instead of reducing unemployment. My point is, when someone unemployed has good skills in trading and a good idea about business then they can use bitcoin to make a profit. Unemployment will still exist, but the impact of unemployment will probably be mitigated when they get involved in the crypto space whether trading or investing or mining.

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.

How much role does bitcoin play for the current young generation? I think most of us who are involved with Bitcoin today are the current young generation using Bitcoin. There are many people who are working on Bitcoin besides studying. By doing this, their time is being spent through work and they are also able to earn some money through Bitcoin. By doing this, they are able to support their own expenses and financially support their family. I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem. The current people who have chosen bitcoin as a profession are not only able to help their families financially but also support our country economically through this young generation bitcoin. I think the government of our country should support Bitcoin. What is your opinion on this?