Topic: Will crypto solve socioeconomic problems? - page 24. (Read 4341 times)
Yes, i do believe it could solve socioeconomic problems if only if it is regulated worldwide. We cannot transact all over if there are countries doesn't like to adopt and regulate bitcoin. But we all know that crypto helps a lot of people to earn profit that's why we need to help for sustainable development all over the world.
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?
Crypto won't improve any country's economy,it depends on the people. As long as governments act like assholes and have egos, socioeconomic problems will continue to exist. Crypto can help in making things better, but people don't like crypto. Adoption of crypto would fuck things up for the worst, believe it or not, crypto isn't meant for everyone, because not many actually understand crypto.
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?
Certainly, cryptocurrency can change economy completely. Actually, it will help folks more than governments. Already the development of the state doesn't happen with the money, but with the reforms. The greatest loss of the states will be in controling of the money speculate. But they can solve it with using limits.
I think cryptocurrency in the future will help the community, its function is to help money transactions between countries quickly and easily. besides that they can also benefit from trading activities.
Obviously not.
Crypto are only a measure of value, but they do not create it.
Who is poor in dollars, will be poor with the bitocoin.
If someone thinks differently, this is a big mistake.
Crypto are only a measure of value, but they do not create it.
Who is poor in dollars, will be poor with the bitocoin.
If someone thinks differently, this is a big mistake.
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 like the conditional word "IF" ... It definitely will. Using the African continent as a case study, leading international institutions, including the World Bank, believe that trade between African countries can serve as a catalyst for economic growth. Digital currencies support cross-border and international trade. Local businesses understand the significance of this currency as a means for accepting cross-border payments, such as for African products or for hospitality and services within the growing African tourism market. Access to a larger customer base via cryptocurrency acceptance offers potential for increased sales and growth.
Additionally, with around 30 million Africans working abroad, cross-border, remittances directly fuel the economy. Studies shows that Six African countries rely on remittances for 10% or more of their GDP, with 19 countries relying on diaspora remittances for 3% or more. For instance, in Kenya, surrounding remittances reached $1.95 billion in 2017, up over 13% from 2016. This money is not only used to sustain families, but also to help set up business and support expansion.
Cross-border payments directly to cryptocurrency accounts offer a secure and efficient method to send money home. As cryptocurrency transactions are subject to lower fees compared to traditional international money transfer alternatives, cryptocurrency transfers are significantly preferable.
So Yes, the socioeconomy sector of the world will experience a positive impact, if and only if the whole can accept Cryptocurrency as a means of exchange.
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 like the conditional word "IF" ... It definitely will. Using the African continent as a case study, leading international institutions, including the World Bank, believe that trade between African countries can serve as a catalyst for economic growth. Digital currencies support cross-border and international trade. Local businesses understand the significance of this currency as a means for accepting cross-border payments, such as for African products or for hospitality and services within the growing African tourism market. Access to a larger customer base via cryptocurrency acceptance offers potential for increased sales and growth.
Cryptocurrencies offer all the advantages of traditional currencies with added security and unparalleled accessibility, making them ideally suited for many countries' unbanked population.
Use of cryptocurrency accounts enable simple payment of utilities, for example, which saves time and resources compared to physical payments as they have been carried out to date. Furthermore, adoption of digital banking enables the creation of a credit history and digital financial footprint, crucial for loan receipt, which can be used to invest in business opportunities.
Use of cryptocurrency accounts enable simple payment of utilities, for example, which saves time and resources compared to physical payments as they have been carried out to date. Furthermore, adoption of digital banking enables the creation of a credit history and digital financial footprint, crucial for loan receipt, which can be used to invest in business opportunities.
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?
Thats just being too optimistic. It might just lead the other way. You see many countries have adopted cryptocurrencies in an attempt to bypass trade laws, and if they become widely adopted and still be used for nefarious purposes, it could lead to really bad conclusions.
The idea of being free from the grasp of trade institutions and restrictions seems very appealing, and the hope of installing a decentralised system is indeed grand, but because we will continue to use cryptocurrencies for illegitimate purposes it might just have an adverse effect on the socio-economic condition.
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?
'yes, sure we can use Cryptocurrency for export and import goods from one country to another and by this way they can also play a major role in countries economy and GDP if they come to play a major role in the export and import business. Cryptocurrency wil surely decrease the socioeconomic problems if they get support from the Government and the investors.
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems?
will help solve socioeconomic problems
Can it be used to buy goods from other countries?
Of course, even now you can buy things using bitcoin
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?
ok, first see how the community of bitcoin grew, 15 years ago there were no bitcoin and altcoins and no ICOs and there was no bitcointalk, see today how many things have changed and many people have become millionaires thanks to cryptos. You asked an interesting question, so I'll respond as follows:
Imagine if bitmain installed a mining company in my country, it would bring jobs for my country's people and the government would win with the taxes it would charge.
Imagine if binance created an exchange in my country, it would create jobs for the people in my country, and it would bring opportunities for people in my country to invest in cryptos.
imagine that many people in my country had brilliant ideas and created ICOs and managed to raise millions of dollars and build companies in my parents, that would create many jobs and generate taxes for the government of my country.
Cryptos can develop many countries, it is enough that governments know to take advantage of cryptos.
I think socioeconomic is very heavy word for the bitcoin world because it is itself not yet into the real world completely. The crypto currencies are yet to solve the biggest problem that they are having, and that is getting into the real world with real application of it. Unless and until they dont do it they are not going to be used really and thus they will have no so called socioeconomic effects. Plus to become the social one it has to be trading all the time which is not getting traded for other goods and valuables yet and thus lack what it takes for the dam thing to happen.
If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems?
It sure could lessen some of the socioeconomic problems but these problems can never cease even if we get a perfect solution, another economic problem will always come up.Can it be used to buy goods from other countries?
Yes of course!
The phenomenon of bitcoin was born on a socioeconomic ideology. Bitcoin is called upon to solve a number of problems, among which the concentration of financial functions in the hands of central banks and the presence of intermediaries. If a distributed system is created on the basis of which bitcoin was built, the entrance to it will be open to any participants and there will not be a hierarchy in it. Also bitcoin helps to solve the problem of unemployment, providing many people with earnings using crypto currency.
The crypt can solve many problems right now, but no one wants to connect it to the system.
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 a big impact when cryptocurrency become created because its will help the socio economic easily to transact of buying there needs and wants in life,but in the side of helping the country only the importation and exportation of the products, of the different country would become and popular and known by means of economic trading transaction.
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?
Yes, probably bitcoin can be usefull to solve socioeconomics problems. Because for me their is nothing impossible in this world. As we see and observe we are now surrounded by different kinds of high technology. That before many people did not believe that it would come true, But now we are benefitted the evolutions of our high technology.
In part, yes, if bitcoin is utilized properly and volatility is already eliminated from the ecosystem. Bitcoin can act as a hybrid reserve which a country can use in times of crisis. Also, knowing that bitcoin can be accepted anywhere without the need to convert to a local currency, there wouldn't be much hassle in buying stuff across the globe as long as there are merchants willing to receive bitcoin as a payment. Through bitcoin's flexibility and nature, it can work as an excellent currency across borders, though just up to some extent.
I do not believe that Bitcoin came to solve. Bitcoin came to revolutionize. We are now seeing institutions that already plan to use blockchain technology in their applications. This is revolutionary!
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?
If crypto currencies ever go that far as you explained here then surely it will help the countries economy to grow bigger than what it is currently. This is because of its real use and bringing the liquidity into the market of crypto currency. The use is very important and when it will happen within two countries then it will be more or less very realistic use of crypto currency. How it will improve economy? As the crypto will be used as mode of payment then its taxation will be guaranteed and thus it will contribute to the government and treasure and economy directly.
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