Topic: Will crypto solve socioeconomic problems? - page 17. (Read 4341 times)
to a very large extent, crypto will solve socio economic issues like unemployment, social vices and crime, crypto is targeted at the youth which is the bedrock of any nation, if the youth are gainfully engaged with crypto and get to learn the process of trading, they wont be idleminded to have the time to engage in socio vices anf socio economic issues. To a very large extent, crypto will help solve unemployment issue and gives youth that entrepreneur mindset.
Crypto currency problems can provide solutions to financial problems, of course it can be mainly a problem related to corruption, because every transaction that occurs in the crypto currency cannot be manipulated and can be accessed by everyone (transparent) so everyone can watch over it as a preventive measure for acts of corruption
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?
In this case, bitcoin can help people to improve their financial problem and full fill their need. It has contribution and role play to eradicate the poverty in certain country. But, I term of economic problem of country is not only about poverty, the stability of all price of primary need is also economic problems. The value of currency of country is also should be concern.
I really do not know whether bitcoin will help that problem or no, but individually, it really helps help my financial needs.
Probably not for now. But It has made some middle class people rich. So it can change our lives, but when it becomes mainstream (it is not right now) it will be no different than fiat in my opinion. (Yes It will solve some problems, will be faster, more secure etc. But economically some people will be rich, some will be poor. Again.)
A lot of countries currently have really bad inflation problems: Venezuela, Turkey, Argentina, Iran, crypto helps solve these problems because you can't just print more coins out of thin air like how you can with government money.
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?
Although cryptocurrency has not been fully adopted in the purchase of goods and services, but it may be used by more people in the future. It may help to limit the socioeconomic problems not necessarily solving it all.
Bitcoin can't solve socioeconomic problem but bitcoin can help bitcoin user's to get extra money if we can take the advantage of bitcoin but I think that money is not enough to meet daily needs. If the government still find it difficult to solve the problem so how bitcoin can solve that problem whereas bitcoin is just a crypto currency.
It is not enough to change money to solve socio-economic problems.
But it is true that bitcoin - being transnational - allows many inhabitants of developing countries to obtain wealth in a way that would otherwise be impossible.
But it is true that bitcoin - being transnational - allows many inhabitants of developing countries to obtain wealth in a way that would otherwise be impossible.
Crypto will solve the problems of those people who created and create crypto-currencies.
Cryptocurrency can't solve a country socio-economic problems because as a cryptocurrency currency it only plays a role in facilitating, reducing costs, and accelerating payment of transactions between countries where the impact is that trade turnover is faster. But there is an indirect impact, and it is very positiv
I don't think that cryptocurrency has such a big influence. Even if the cryptocurrency really replaces the legal currency one day, the user is still us, so i don't think there will be any change.
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 think that cryptocurrency has such capacity to solve some problems, especially when it's about money matters. In the economic aspect, it has that potential, because after all, cryptocurrencies are assets in the business field, and so, it has the capacity to rake in returns that would be converted to money, which can be used in all sorts of economic-related things. However, in the social aspect, maybe it can have some indirect effects that could help stemming out from the economic aspects it can answer. I mean, for example, if you would use cryptocurrecy-born money to help some people and improve their social standing, then I guess, in a way, that can be considered as a socioeconomic improvement from the use of cryptocurrencies.
I absolutely believe that crypto will solve different types of socioeconomic problems like poverty, tax avoidance etc. Moreover bitcoin has already started to have a good impact on the socio economic problem.
I think that bitcoin is too small and hasn't even been adopted by more than 0.5% of the world to want to change the country's economy!
not because there is nothing about "people" who will ever change. they will only use different tools (bitcoin in this case) and continue to do the same thing they have done before and nothing will be solved.
Socio-economic problems have deep roots, and using one currency rather than another makes no difference.
Eventually, the bitcoin is less controllable, so it will probably create MORE problems, not less.
Eventually, the bitcoin is less controllable, so it will probably create MORE problems, not less.
Controlling the finances of people is not the way to solve socio-economic problems. You seem to think you live in a socialist utopia. Bitcoin will liberate people and help them come out of the government rut. Think about Venezuela- do cryptocurrencies help the people there or cause problems?
It will help the people financially as well as those businesses because the usage of blockchain technology would be an advantage to them with faster transaction and lesser cost. This would then make businesses profitable and their employees may be rewarded as well when they get higher pay since business is doing good and in this way, it can help the people in improving their financial conditions because they would be able to provide for their needs and occasional wants and this would help improve the economy.
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?
it can certainly help but not totally dissolve all the economic problem of a country, bitcoin is the revolution of people who wants economic and financial freedom, bitcoin has proven that it has so many opportunities for us to earn and control over our own money, it has developed new ways and means to fully maximizes the utilization of crypto technology.
That is really true ,one of the socioeconomic problem is the financial crises ,many married couples are on fight and misunderstanding with each other because of financial problems, and I believe cryptos can help it partly ,through joining cryptos but depends on the interest of the parties concerned in joining cryptos ,for I trully believe it can help this socioeconomic problems.
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 am sure the cryptocurrency will continue to grow and many countries will be encouraged to create their own digital currency. In this age of digital need a new technology is needed to overcome economic problems. This technology requires a regulation so that it can be accepted by the government and the community, so that no party feels disadvantaged.
Socio-economic problems have deep roots, and using one currency rather than another makes no difference.
Eventually, the bitcoin is less controllable, so it will probably create MORE problems, not less.
Eventually, the bitcoin is less controllable, so it will probably create MORE problems, not less.
Undoubtedly, cryptocurrencies are supported by a technology in development that is still far from being exploited to its full potential, but that has demonstrated the ability to improve a myriad of processes that could undoubtedly contribute to making things work better in society.
However, we should not assume that cryptocurrencies will be in charge of solving the social injustices that have put the world in crisis, because technology by itself can not solve any problem if there is not the political will to achieve it.
However, we should not assume that cryptocurrencies will be in charge of solving the social injustices that have put the world in crisis, because technology by itself can not solve any problem if there is not the political will to achieve it.
If that situation happens maybe there will be no fiat anymore because you can use currency in buying good from the other countries and maybe it will help a lot of people especially who are those front to life
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