Topic: Will early adopting countries get large economic benefits from BTC? - page 2. (Read 707 times)
August 27, 2017, 02:16:18 AM
I don't know, but when a country has received bitcoin, I'm afraid the bitcoin holders will be controlled by the government, and I'm afraid our freedom is taken away by them, but of course that's just my speculation. However I really hope that bitcoin can be received in my country, so that people in my country can feel the great future of bitcoin.
August 27, 2017, 01:45:31 AM
Any country that adopts bitcoin ahead of the others would definitely have an advantage in the sense that they can already integrate it into the business models being used in their country. Also, they can adjust and regulate better depending on the demand on bitcoin. Th earlier the adoption, the more benefits they are going to enjoy.
August 27, 2017, 01:05:47 AM
Will countries that are early to adopt and allow Bitcoin be able to turn this into an economic advantage to them where they're better off than before?
First comers will always have the benefit of power status and volume. Don't forget we have limited supply to 21 million which means that not everyone is going to get the equal share due to decentralised nature, and thus whoever jumps in first will get most of the volume driven in their own country and will rule the price of bitcoin too. Just imagine more users, more demand and thus more value by that nation itself. When we will have to get the coins from them we will have to pay more than expected to them to have it. This is just speculation but a realistic one if countries really start adopting bitcoin in first place.
August 27, 2017, 12:56:31 AM
Yes, that country would undoubtedly gain from adopting bitcoin provided that the government would regulate it properly.
August 27, 2017, 12:32:17 AM
Will countries that are early to adopt and allow Bitcoin be able to turn this into an economic advantage to them where they're better off than before?
First comers will always have the benefit of power status and volume. Don't forget we have limited supply to 21 million which means that not everyone is going to get the equal share due to decentralised nature, and thus whoever jumps in first will get most of the volume driven in their own country and will rule the price of bitcoin too. Just imagine more users, more demand and thus more value by that nation itself. When we will have to get the coins from them we will have to pay more than expected to them to have it. This is just speculation but a realistic one if countries really start adopting bitcoin in first place.
August 26, 2017, 11:53:19 PM
Sure, it will do good to their economy and I think it will benefit first the entrepreneurs of that country. They will be the first one to create different ideas on how they can incorporate their product to bitcoin technology. More jobs will be created for developers, inventors, exchange, financial advisors and any related work. More jobs signify that the economy is growing.
August 26, 2017, 10:35:17 PM
Of course! It's a world economy and bitcoin is a world currency. If you don't have any reserves at this point you're so far behind and you're only getting further behind in the future. Help your people and buy btc ffs!
August 26, 2017, 10:32:28 PM
Will countries that are early to adopt and allow Bitcoin be able to turn this into an economic advantage to them where they're better off than before?
I think it's true that countries that first adopt bitcoin will benefit the economy as long as the country is well managed and used.
I think it may help people through their needs and satisfaction. People who invest first at bitcoin has the benefits, but I don't think it will be affecting the country that people is in. As said un the previous posts, bitcoin is really volatile and if the country adopt bitcoin which is so volatile, that will be really affecting the county's economy.
August 26, 2017, 10:25:24 PM
I'm sure a very good idea to adopt bitcoin in a country. if it happens then it will bring a good change for its citizens.
As in this forum, before I know the bitcoin and this forum, my economy can be said bad. But after I got to know him very much brought change and profit to my economy and my life.
As in this forum, before I know the bitcoin and this forum, my economy can be said bad. But after I got to know him very much brought change and profit to my economy and my life.
I don't know how can you say that but we all know that bitcoin is so volatile so se can't still say surely that it will be giving a positive impact in one country's economy.
Also we are talking about one country's economy and not yours, well country's economy starts at people but I don't think it will have large economic benefits, maybe it may need more time.
August 26, 2017, 09:48:51 PM
I believe countries shouldn't adopt it as currency, Bitcoin is too volatile, nobody knows what can happen with its price on short term, what can drive the economy to the ruin. The answer would be different if your question was "Will early adopters in general get larger economic benefits from Bitcoin?"
Then I think so, I agree.
Then I think so, I agree.
August 26, 2017, 09:30:48 PM
I'm sure a very good idea to adopt bitcoin in a country. if it happens then it will bring a good change for its citizens.
As in this forum, before I know the bitcoin and this forum, my economy can be said bad. But after I got to know him very much brought change and profit to my economy and my life.
As in this forum, before I know the bitcoin and this forum, my economy can be said bad. But after I got to know him very much brought change and profit to my economy and my life.
Of course the early birds are always good and i wouldn't be surprised in a few years time we'll all be fine to see the impact of Bitcoin in some of these countries that have somewhat accepted and legalized Bitcoin.
August 26, 2017, 08:59:33 PM
I'm sure a very good idea to adopt bitcoin in a country. if it happens then it will bring a good change for its citizens.
As in this forum, before I know the bitcoin and this forum, my economy can be said bad. But after I got to know him very much brought change and profit to my economy and my life.
As in this forum, before I know the bitcoin and this forum, my economy can be said bad. But after I got to know him very much brought change and profit to my economy and my life.
August 26, 2017, 08:45:44 PM
Will countries that are early to adopt and allow Bitcoin be able to turn this into an economic advantage to them where they're better off than before?
I think it's true that countries that first adopt bitcoin will benefit the economy as long as the country is well managed and used.
August 26, 2017, 06:17:33 PM
Venezuela's unfortunate economic crisis could be a good example of how a country could benefit from adopting bitcoin.
Unfortunately for venezuela, the state would undoubtedly attempt to nationalize bitcoin & that failure would only ruin the country further.
Venezuela's attempts to nationalize toyota and other private sector enterprises are responsible for driving many employers and jobs out of the country. Their tendency towards micromanagement and waging an illogical war against capitalism has driven what was once an oil rich country to the brink of ruin.
Bitcoin could help venezuela, unfortunately the socialists in charge would never allow that to happen because their irrational hatred of capitalism and the private sector override common sense.
Unfortunately for venezuela, the state would undoubtedly attempt to nationalize bitcoin & that failure would only ruin the country further.
Venezuela's attempts to nationalize toyota and other private sector enterprises are responsible for driving many employers and jobs out of the country. Their tendency towards micromanagement and waging an illogical war against capitalism has driven what was once an oil rich country to the brink of ruin.
Bitcoin could help venezuela, unfortunately the socialists in charge would never allow that to happen because their irrational hatred of capitalism and the private sector override common sense.
August 26, 2017, 01:45:03 PM
Will countries that are early to adopt and allow Bitcoin be able to turn this into an economic advantage to them where they're better off than before?
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