Topic: Will crypto solve socioeconomic problems? - page 14. (Read 4341 times)
it is unlikely that she will be able to change this situation, she is too unreliable for this
Cryptocurrency erases national borders.It's good on the one hand but bad on the other.let's say you ordered a t-shirt in another country and paid for it with Fiat money.What's going on.The price of the t-shirt includes tax.This tax goes to the state.and now imagine that I bought a T-shirt for crypto currency and all the money to a penny fell into the hands of only the seller.I'm fine, the seller is good, but the state remains with nothing.So crypto will solve social problems but economic ones are unlikely.In other words, I wanted to convey the idea that many governments will delay the adoption of cryptocurrency as a means of payment as long as possible.
The point that your bringing is one of the biggest reasons of why I think governments are opposing cryptocurrencies but one of the main reasons of why eventually people are going to adopt them, people do not work for the government it should be the other way around the government should work for the people and we are finding out that governments really think it is the other way and that is why they have grown so big and cryptocurrencies are going to be the way to make them small again.
I most of the time use my situation as an example. I was once very poor financially and getting to know cryptocurrency and what it entails, I am now stable when it comes to financial affairs.
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
I don't think do. Many has loss their investment in cryptocurrency and suffer financial problem right now. I dont know if cryptocurrency has the capability to affect the overall economic problem.
I'm sure that it will, fiat money cannot cope with all these problems, especially corruption and black markets...crypto possible can beat it all up.
I think this has all been proven by investors who have made a fortune. But for the state of truth I am not sure yet to believe in crypto solving the social economy in the country. Crypto is very helpful for individuals, because it has been proven and experienced by myself personally. Maybe if a country succeeds in solving an economic problem it will not be long for the country to lose because it is not taxed every withdrawal of the sale of bitcoin to local currency.
Cryptocurrency is a good tool for solving socioeconomic problem. Cryptocurrency is bringing the world to a state of financial global village already where people can carryout financial transaction without restriction.
It has helped numerous people across globe to transfer the money instantly and with lesser fees. Thus if you consider this traditional way via banking system it will take many days to reach to the beneficiary and will take a lot of money as the fees as well.
Cryptocurrency is a good tool for solving socioeconomic problem. Cryptocurrency is bringing the world to a state of financial global village already where people can carryout financial transaction without restriction.
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
To some extent i believe that it can some percentage of positive different and equally negative effect on the country economy. More money will in the hand of people, which will increase their purchasing power and as such the multiplayer effect will be positive on the economy but crypto currency may encourage money laundry across the country border and that will harm the economic activities of the country economy. For me, it's a yes, though minuscle. If all people who got rich on bitcoin donate big amounts of money and proportionally give it to the poor. But humans are greed in nature. They want to hog all the money all by themselves. If we can create a world where people would truly share what they have, though that would be just a fantasy, would save the world, would save poverty.
Im afraid you are right. Even though many people will eventually get rich on bitcoin, there are still no guaranteed that they will help poor people. Perhaps some of them will, but it may only just be a small fraction of the crypto world.
For me, it's a yes, though minuscle. If all people who got rich on bitcoin donate big amounts of money and proportionally give it to the poor. But humans are greed in nature. They want to hog all the money all by themselves. If we can create a world where people would truly share what they have, though that would be just a fantasy, would save the world, would save poverty.
Crypto is expected to solve, to some extend socioeconomic problems of most individuals across the globe. But, since the limitations encountered in the crypto market are continually increasing and making the crytomarket a bit unfriendly and unwelcoming. we really can not expect much from crypto to provide absolute solution to the socioeconomic problems many of us are facing today.
I do not know why people keep putting all these big problems on bitcoins shoulders to fix. No I do not think bitcoin can solve socioeconomic problems, nothing other than humans can solve that. We need true honest politicans to fix that problem, for hundred years people have been talking about if capitalism is good if socialism is good if democracy is good or whatever.
However the real problem is the people who are in politics are not proper people to be politicans, we need honest and helpful and aimed to help type of polticians which no matter what the system is will make that country better. Without that socioeconomic system will not be fixed.
However the real problem is the people who are in politics are not proper people to be politicans, we need honest and helpful and aimed to help type of polticians which no matter what the system is will make that country better. Without that socioeconomic system will not be fixed.
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
Wow, in my opinion no, because with whatever you change the currency of a lazy person and do not want to work it remains like that, because there is only a small relationship between an exchange rate with a human personality in my opinion like that.
For me it will not. I am sure that cryptocurrency has different route regarding other business. It won't touch the deepest part of the economic system world-wide. If it will happen then it could be a huge change in the world economy.
Bitcoin has helped many people overcome poverty. It shows that bitcoin has helped a lot in changing socio-economic conditions.
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
I don't think do. Many has loss their investment in cryptocurrency and suffer financial problem right now. I dont know if cryptocurrency has the capability to affect the overall economic problem.
It can help an economy in this manner because it will give more jobs to countries that has more man power than the available jobs. Businesses that render services also benefit from cryptocurrency. Different platforms may also lead to different solutions that may do good in the near future.
I think maybe some of the economic problems in this world might be solved by cryptocurrency but not all problems can be solved with cryptocurrency because the circulation of cryptocurrency is only a tool and an intermediary.
Blockchains adoption can actually help economies, while cryptocurrencies like bitcoin can help to facilitate a borderless p2p transactions. I learn mfchain are among top innovations moving toward mass adoption of crpto. It's very important that people should know that not all blockchain projects actually require their own token, some can run on fiat. If countries can adopt the blockchain model, it will lead to a thriving environment for cryptocurrencies.
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