Topic: What exactly needed from Crypto Currencies to Drive Positive Economics! (Read 371 times)

I think the one thing crypto currency needs to get positivie economics is to be used more on economics per se. I'm not talking about more people investing on crypto currency to take advantage of it's volatility, but to used in exchange for goods and services. More of this and people would be hooled at how transparent and instantaneous transactions are.

It has a point. We can see that cryptocurrency gives opportunity to those people who do not have a job or those who are unemployed. Therefore we can say that through this, if government legalized cryptocurrency, then more people will jave the chance to understand crypto.

Not so sure what the OP is referring to as positive economies, but if that has to do with price, we all know that will have a lot to do with demand, the mentality of people when it comes to cryptocurrencies, the idea of sticking with the long term as well as usability all together will really help.

However, we still have to realize that this is a young space and it is still developing, so I believe over time, a lot of things will most definitely change and we will obviously be able to see the market grow in demand and a sustainable one as well.

Almost all of these points are either improbable, unlikely, or downright doesn't make sense.

Firstly, who is going to stop bitcoin being used for illegal purposes? Obviously, it's not going to be something that anyone within the community would want, but you can't just limit crime like that. It's like saying that the USD should only be used for legal purposes, well of course, but it's impossible to enforce and just doesn't make sense to try.

The government is very unlikely to hold support for any decentralised cryptocurrency in the near future, they may look towards national cryptos but I expect their attitude towards decentralised cryptos to not change much. As such, adoption will have to happen at an individual level imo. In all honesty, governments around the world should look to regulate the crypto industry as opposed to restricting access to it, as they would be able to access so much more revenue that way.

Scam is something that has been happening for ages now and in as much as we can get to understand that it is a new technology, a lot of people are still learning to adapt, some will make mistakes, and I believe scammers will always see it as an avenue to want to do their thing.

However, when it comes to destroying the good name of the technology, I doubt if this is something that would happen because if it could, in its early days, all the scams and hacks could have gotten it down, but it still keeps thriving. With regulation, I believe things will even get a lot better.

The op is in some ways right but I don’t see anything wrong about the price or how low Bitcoin has gotten to this time around. People are complaining about what is happening now and forgetting that there has been times which were tougher than this. We experienced a situation same as this in around 2014 – 2017. Those times were really difficult, but everyone has forgotten so quickly.

If the price is pumped up and see the 50 thousand dollar mark and we get much more people into bitcoin than what would happen to those people and us when the price hits rock bottom from the crash ? We need to think it in detail because ever since we managed to get to 20 thousand dollars even tho there is a lot more people in the crypto world that same world is not happy with it.

If you have a lot of angry people trying to wait and hope the price goes up so they can sell and leave and never look back than you do not have proper support behind you. We need a lot of new people that is true and higher prices would help that which I agree however we need to make it real not pump, or we need to find other reasons to get people. Putting all of your money into bitcoin has always been risky but putting everyone else money is even riskier.

In order to drive positive economics i think it must have good governance and the cooperation's of the people who belongs to the nation. We all know that cryto currency is one of the developmental factor in providing jobs to people. It must have more supply to provide the needs of the demand. 

What you are proposing is centralization of crypto circulation. This system can effectively run for a standard sized organization in decentralized manner through some appointed personnel who will be randomly chosen by an algorithm that runs the system.

However, for a huge scale such as country, the system is practically impossible to implement and run effectively because a mass consensus and awareness is hard to achieve due to some pre existing anomalies within the system.


Government has to understand that fact! The issue is that government doesn't believe on the integrity of their own people, especially in third world countries!


I can only dream about such days. Governments will pave the way for the cryptos issues by themselves. No unregulated cryptos will make its mark at a scale that we are thinking here.

What I believe that can drive the growth of the positive economics is through the holistic growth of human lives, by providing the basic needs to them and by providing them a way to earn.

If the governments regulate and legalize cryptos, it will open up new avenues and opportunities to the people to better their lives. Inclusion of cryptos will certainly drive positive growth, but at a cost to remove the anomalies from the system.

People who used crypto to scam other people should be placed behind bars for they are the one who put a bad name on crypto. There are lots of newcomers into cryptospace that lost their retirements, and huge amount of money merely because of the lack of knowledge about the technology.

When the hype started about crypto being a good investment vehicle, some made millions while others were scammed and because of those incidents, the government was alarmed and really needed to do regulations.

We should all be vigilant to report malicious activities or transactions using crypto. For it can destroy the good name of the technology and so that we can attain full adoption in the near future.

your first point about having an anti-corruption to stop people from buying illegal stuffs with Bitcoin is impossible. How exactly do you know what people are buying with Bitcoin? Blockchain only shows the transactions that were made from one wallet to another, but it doesn’t show what those transactions were meant for, whether they were sent as payment or used to buy anything from the dark web or wherever.

right, especially the bitcoiner's economy personally. but if in a country there are a lot of bitcoiner in it, then indirectly the country's economy will also be better. especially if later the price of cryptocurrency soars

Good way of pumping out because a lot of people noticed crypto when Bitcoin really pumps hard then people always searches Bitcoin in google.

Many people rushed to go inside the crypto space because they see a lot of gains from it and they been hype to enter here, so that it basically to drive a positive economics to people.

The number 2 is what I am really got used to.
The media wont help on something that is free.
Why?
It is controlled by the government or we can say the rich people.
Freedom is something that should not be given to regular people or else they wont have a business to run.
Bitcoin is freedom and they will do everything to stop it.

Aside from investment, cryptocurrency has more important to offer in the financial transactions all over the world. We should see cryptocurrency as a technology that has significant purpose. The blockchain and decentralization might have huge impact to the economy by taking advantages of its power.

during the year, much has happened, although in fact at the moment I think a lot of news need to be studied to understand that this is the place for the growth of cryptocurrencies

The crypto-curency has contributed to the development of the economy has been taking place. What needs to be done to make it work? I think if there are no barrier  from the government, they can play their role well

Your correct but the rise of cryptocurrency will put more wealth in the hands of common people.  We may see a lot of new millionaires rise from poor countries that use their new riches to fund infrastructure for economic growth.  Cryptocurrency will create more jobs for exchange services and mining facilities. 

The real problem with the users of bitcoin and other crypto today is that they see it as a way of getting rich.
Bitcoin shouldn't have become something you buy and than sell for more fiat later on so you can live better. However all of this old man crap has caused a lot of people to get out as well, we should be glad that more people comes in as users than not no matter why they are here. As long as they are here we should be happy about it.

Yes, the reason why bitcoin came out to be a currency and not a commodity, yes having it as a commodity kills the real purpose of it but in no where it says it can't be both at the same time. You use bitcoin as a currency and it is getting bigger since more places started to accept it, and others can use it as commodity to become richer in fiat. The more people use it the better for our system as well so there is no need for grumpiness.

Cryptocurrencies can't drive positive economic results,because they are just money.
The economy growth is driven by new technologies,adding more resources into the manifacturing industries and optmising the infrastructure.The blockchain might help for economic growth,but the best way to implement it inside our economy is yet to be discovered.

Future societies will be based on the blockchain and its in governments' interest to implement its use into every aspect of governance. It can prevent tax evasion, corruption and fraud.

I think that once businesses implement cryptocurrency and blockchain into every step of their supply chain, positive economic outcomes will result. This requires better security measures to be taken. People trust the actions of (and what's accepted by) major corporations more than they trust those of governments. They also basically govern countries more than its politicians. Supply and demand rules all and always has.

I don't think "positive economics" is in the hands of governments, but in the hands of those creating value and providing it in the most efficient way possible, now being bettered thanks to crypto.

Its been a while since crypto currencies are now existed but all we know that there has been completely misuse or what can we say, misleading approach towards the crypto.

Chronologically,

1) Bitcoin started at the first and made its way from testing phase to reality with the help of blockchain. The coded coin got little attention at the first.
2) Bitcoin wasn't even recognised in the news properly. It was just fun for the tech lovers and new technology enthusiast.
3) People who were engaged in it ( believe tiny fraction of population whose engaged today) has some interest because they believed in it.

One of the stories that I found from the 2009 article stated that,  where people used to think its profitable currency to mine. And that was but obvious back then. Energy was not much needed as all you had to do was to engage your desktop with the network.

4) However, this went well only for the next two to three years until the 2012 by the time more people got engaged and thought about it as more or less trading asset, store value, something that can give money for the HODL process and much.

5) Seeds of such thoughts got sown by many and thus it was the very first time when crypto took completely alternate future for themselves.

6) With ETH platform up rise and generation of smart contract tech more and more coins started to exist and thus it became very usual thing to invest in them and drive all of the national money into blockchain.

7) This is the first time when Government, Financial Institutes, Stock-Forex Exchanges and Central Banks got trapped into circles of blockchain and crypto created such ways.

None of them even interfered with the blockchain until they started to burn their own businesses due to crypto investments which was made by the people. The public ledger was now subject of interest for such institutes around the globe.

9) Not so far until 2016-2017 huge scams started to happen around the crypto sphere and thus most of them started to see worst side of the crypto use. Money laundering, drugs supply, black market emerged with great power and thus shook the real world market.

10) Now this is something which created devil thoughts in Governments Agenda where they are responsible for banning or abolishing the crypto.

11) Crypto currencies are now no longer entertained with the same energy as they used to be back ago.


Thus, it led bitcoin and others to kill the market and drive economics to worst situation rather than taking to positive one.

Conclusion :

- There needs an anticorruption out throw so that crypto currencies can only be used for the products and services that are legal one. This will help circulate the real world money within the nation under taxed portals and thus will keep healthy circulation all the time.
- It wont digest the taxes, it wont stop the national development.
- Government will help crypto currencies to go public for the sake of using new technology and more open sourced information.
- To recover the money entered into the crypto sphere, there needs a system which can bridge the gap between crypto and real world banking itself which is approved by the government themselves.