Topic: Will crypto solve socioeconomic problems? - page 21. (Read 4371 times)
Socioeconomic problems is not only one but many problems , in terms of unemployment problem , cryptocurrency can help a part problem in socioeconomic problems but not as a whole to solve this problems, the cryptocurrency can help the unemployed through this bounty signature campaign that can help people earn rewards tokens, this could provide income to this jobless people.
Please do not take my words as professional financial advice, but for me, of course yes, and it will help to solve a lot of socio-economic problems of certain country where the crypto currency is accepted by the people and the govt. Getting into the crypto currency will help the unemployed people to earn profit and help them to fulfill their basic needs. People who are already doing job can do this to earn as their side income. Not completely but partly it will help to reduce the socio-economic problem.
I have been a close observer of the blockchain and cryptocurrency markets for some time now. It is now pretty clear to me (and a lot of other people!) that this technology has a lot of potential. I am quite optimistic that it can radically change the way we interact, transact and trust one another. Many people are skeptical about cryptocurrencies (it is a ponzi scheme!), but there is little doubt about the usefulness of the applications that cryptos enable.
Well maybe it can help the socioeconomic status of each country. We know that with cryptocurrency you can have a better scope at your customers. So if a store allows buying online then maybe there is a good chance of selling more products than just doing it locally. So I think it does help.
Poverty and unemployment are some of the socio-economic problems. So, I would say that yes crypto can comparatively solve these problems. Comparatively, because not all areas around the world have electricity and internet connections. But this might open up the mind of the government leaders in the community to give opportunities to the less fortunate people and teach them how to get involved in cryptocurrency to improve their quality of life.
Ah, to some lucky people bitcoin has certainly solved many problems, but it is certainly not something that can happen to everyone ... 
Actually, bitcoin is just a coin, and in itself it does not do anything.
The only way to obtain value is to create value, regardless of the currency you use.
Actually, bitcoin is just a coin, and in itself it does not do anything.
The only way to obtain value is to create value, regardless of the currency you use.
When there is a heavy currency supply in the market, obviously the economic growth of the society is certained and yes all currency related issues are solved. The country as well as the citizens move to the next stage in wealth. Employment increases and more outsourcing business comes in. Local business improves. If everything above is possible with fiats then yes obviously it will happen with crypto currencies. We have many here becoming millionaire with crypto earnings.
This is an opportunity for the large or small investor community. Take new steps and good profits to meet the needs of life. The emergence of electronic money has completely changed the lives of human beings. There are a lot of people who have succeeded in wealth, with that country also growing.
Venezuela is investing in virtual money. Money countries are doing the same. Virtual money is a new tendency. It is actually not so new but now, with the bitcoins, it is more popular. Cryptocurrencies are game changer. Their role is to allow us to do business without banks. The role of the banks will be less important in some years. Assuming that business will be more liberal and that banks and countries will have less control means that the middle class can get extra money by investing. The more powerful banks are, the poorer people will be. The more we invest in crypto, the better we will be.
Please do not take my words as financial advice - I will tell you only about how I personally plan to do at the moment. It is possible that I am mistaken in the assessment of the factors that led to the current fall in the cryptocurrency rate of 2.5 or more times - in this case I will be glad to hear your reasoned criticism.
Generally speaking, I do not like to vangovat on cryptocurrency rates - occupation is a thankless and simple toss of a coin gives no worse prediction of the direction of movement of cryptocurrency rates in the near future.
But this is true for the analysis of short-term trends. In the long term, I have no doubt that cryptocurrencies and blockchain have excellent prospects. And it is even more insulting to see attempts to speculate on the fundamental ideas of cryptocurrencies and discredit these ideas to the level of conventional HYIPs and schemes for quick earnings
But this is true for the analysis of short-term trends. In the long term, I have no doubt that cryptocurrencies and blockchain have excellent prospects. And it is even more insulting to see attempts to speculate on the fundamental ideas of cryptocurrencies and discredit these ideas to the level of conventional HYIPs and schemes for quick earnings
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 doubt that it can buy goods from other countries but it can help people to get a job and get a service that they want. 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.
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?
Bitcoin is not going to solve any of those problems that is not its mission, the mission of bitcoin is just to be a currency that has not a central authority and that does not rely on trust for its maintenance, that is all, if you want to improve your life with bitcoin you are free to do it but like in any capitalist society that does not mean that you will achieve it.The great thing about bitcoin is that it cannot be corrupted or bribed like the current system that we have, so it is going to be more fair and those at the top will be people that deserve to be there unlike the current system in which many of the people at the top are there simply because they are friends with the right people.
I really appreciate your expectations from the cryptocurrency but the fact is it not only the case if crypto and it alone can't do anything about this, all the people of the society, everyone contribution is needed for that
When there is a heavy currency supply in the market, obviously the economic growth of the society is certained and yes all currency related issues are solved. The country as well as the citizens move to the next stage in wealth. Employment increases and more outsourcing business comes in. Local business improves. If everything above is possible with fiats then yes obviously it will happen with crypto currencies. We have many here becoming millionaire with crypto earnings.
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 will say that way, people can use blockchain and cryptocurrency systems in order to resolve all those economy problems but they themselves alone would not make it better, it is people needed for that.
Cryptocurrencies are built on a technology called blockchain, which restructures and revolutionises trust as we know it today. Cryptocurrencies will do to money what the email did to the letter.
We rely on our transactions to be verified by our banks, how this works is through a centralised ledger .
We rely on our transactions to be verified by our banks, how this works is through a centralised ledger .
centralized banking supervision is a feature, not a problem. Of course the central banks can and do make mistakes. But interest rates fluctuate by fractions of one percent a few times per year and are meant to do so in a way that helps the economy. Bitcoin, which is the most mature currency, fluctuates by >10% in a day. You can go visit a house to buy and the price will have changed between the time you enter and the time you leave. This is not acceptable for currency! It always sounds nice to blame the government for inflation and all monetary crises, but bitcoin is not free from outside influence. Just because you don’t know who manipulates bitcoin prices doesn’t mean it doesn’t happen.
At a purely theoretical level, the cryptocurrencies are based on a system which is robust even when at most less than half its actors are malicious. This would in theory be interesting because it allows anonymous transactions and absence of central authority. However, this depends on actually having completely anonymous entry and exit points to the network. This was relatively easy in the beginning but is more and more likely to be regulated at some point. So, to be clear, just because the bitcoin network can function without knowing anything about its members doesn’t mean the members have to remain anonymous. The bitcoin network would work very well even if all wallets and transactions could be traced back to individuals. Which is what will happen at some point if the value of transactions becomes significant and regulation is enacted by law.
The chances are quite low. The people's perspective won't be changed here. Plus the rich will always try to bleed out the poor. And there are third world countries who are not as blessed like us. They do not even have access to clean water, let alone access to this market.
But we are here to make difference, yes there are some places that still have no electricity or even internet connection, no clear water or what but still we are living in a growing market and I know someday this global adoption will solve this kind of problem. It can really helps one economic to grow only if people knows the whole concept of this technology, and I do hope some government agencies will encourage people to do invest in this technology for their future.
If you are thinking about a country. Then yes, definitely it can. A country where most of the people adopted bitcoin as their payment system and are not prohibited by its Government. If you are thinking as a whole world, then no. It will not be appropriate because of the traditional form of inequity in financial abilities between the people.
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