Topic: true benefit of bitcoin to North American economy? (Read 474 times)

Bitcoin is universal cryptos and so it applies to every county.Countries have grown in economy with btc.It has really benefited.Countries with bitcoin.It will promote financial stability since btc is a world where opportunity to earn

Before clarifying my point, I might want you to simply think about after focuses. Bitcoin is the most secure, decentralized and less burdened and bolster (no charges) cash that can be utilized for exchanges on the web. Presently these three highlights alone are sufficient to draw in financial specialists and business holders to utilize bitcoin. Other than this the monetary advantages of bitcoin are clarified in entire articles and are difficult to contend with.

Bitcoin is actually representing the blockchain technology and it is an open technology available to all who wants to develop  like say an application for a certain industry which can result into more efficiency, faster and better transactions. As a currency, Bitcoin is considered to be the digital gold so people can hold some Bitcoin and gain some profits later.

There are so many innovations that would flood the market all due to the blockchain technology and this year we have already seen them in the recent increase of ICO introductions. Next year, I am expecting a very diversified mix of ideas and businesses all using blockchain technology as their backbone.

Many analysts are predicting that blockchain technology can affect almost all areas of our lives. It is now starting to attract medical companies, investment houses, financial exchanges, life-saving devices, entertainment, social media sites and so much more. Of course, you can also include here porn and other sleazy type of entertainment plus of course the multi-billion sports and gaming industry. And we are talking here of the tip of the iceberg.

Now, talking about countries. It is all up to its leaders to recognize the potential that Bitcoin and the blockchain technology can be bringing. This is a great opportunity and it is open to everyone and all countries to take advantage of. Some will use it well while others would be more motivated by fear and they will miss the good ride.

I agree with you. Bitcoin transactions have no middle man. This is very good for the individual, who no longer needs to process every single transaction through their bank. However, I don't understand why you hate this aspect of Bitcoin. It is one of the main reasons people love BTC to begin with.

I agree with that assessment. Bitcoin is an accessory you can fall back on should other, more established, curriences fall or otherwise lose value.

It really is not about there or here since Bitcoin is global like what you said. In Bitcoin, it will promote a financial stability of a certain person since Bitcoin is world where opportunity to earn it is convenient and you can earn a decent amount without looking at your educational attainment nor your gender or what ever since what it sees is your dedication, skills, knowledge, and how wise are you in making decisions.

As I see in North America specifically USA, they may not be able to make a real good use of it since they seem to be against with Bitcoin unlike Japan.

Do you think Satoshi made Bitcoin for the benefits of north American economies? he made it for individual economic benefits, and as a thing I hate about Bitcoin is the fact that every body can use it to their own advantage. I see a future where USD has no value as a global currency and instead every body using crypto/decentralized currencies.

I'm not that sure about these market, still from the information contained through news portals and other articles came to know that it has got good acceptance in these countries and specifically in Canada. When it comes to Mexico for illegal usage it's been preferred next to dollar. Canada has got several financial services industry functioning with bitcoin. Based on this believe that these countries have grown good in economy with bitcoin.

every economy is dependent on its population, when people are able to make money and hold money then money circulation will increase in the economy. so the first criterion is making affluent of the people so that South American people make money from Bitcoin and it will be helpful for the South American economy.

I can easily point to the fact that the exchanges in these countries will influence the demand and supply of their respective fiat currencies because they are either going to exchange more or less Bitcoin into their local fiat and inject them into the economy and depending on which way it takes it will impart the economy positively or negatively.

True benefit? Its up to the person how he wants to used bitcoin. Investments, store of value, assets or even currency are some of the benefit having bitcoin in you. So choose want's benefit you. Its an alternative to a fiat that what we already know. You don't need  to be confused because bitcoin is a universal crypto's so it applies to every country and continent and not just in the North America market.

Why do you care only about only North American markets? Bitcoin is a global currency, it can offer you much more as it is not linked to a certain country or geographic region.
I doubt that bitcoin will ever replace standard fiat based economy, it is an alternative asset, a complementary currency.
BTC can guarantee an additional level of support in times when we will have next big economic crisis, and it will happen sooner or later.

Hi guys, currency is already here since the beginning of time, so now bitcoin has entered as a crypto currency. I am already getting confused figuring out what's the true benefit of bitcoin to the north american markets, I am talking about US, cAnada and mexican markets?