Bitcoin Forum

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

I think that it would really be a big boost in a countrys economy because it offers a lot of advantages to people and consumers but most especially to the capitalists as it makes everything smoother, faster and everything else digital and makes it electronic.

Governments are afraid to introduce bitcoin because of its too unstable prices, it will be very inconvenient to use. Also, in too poor countries, there is no system for calculating electronic money. This requires a lot of time.

Bitcoin can boost a countries economy because it will help the people to earn money and the people will use those money to spend on the things that they want and those profit of the shop or the store that the people used to buy things with. Then it will boost the shop or the store's income and the tax of that store will go up too and it will help the country to have a better income which will help itself to improve its system and economy.

It's obvious that a government doesn't really benefit from bitcoin... why would they want a currency they cannot control? governments work by governing, in other words they dictate the rules. Bitcoin has its own set of rules that are neutral for everyone. A government will never lose its ego and follow rules that aren't their own (and if you believe in deep government stuff, they they break their own rules behind the curtain, which they cannot do under bitcoin)

Bitcoin is a neutral catalyst for the world to put their wealth on there. Some people save their ass thanks to bitcoin in countries like Venezuela, yet in China they will they you it's evil or western banksters will tell you its a fraud.

Bitcoin is what it is, don't let some idiot define it for you because he has a lot of fiat.

Bitcoin can definitely boost an economy. Sure governments are scared about but a lot of it comes from a lack of understanding of the technology behind Bitcoin. If governments can find some middle ground to accept Bitcoins, a lot of people would benefit from it.

If government control bitcoin, it will break bitcoin as decentralized currency so government will control and provide tax on bitcoin usage.
I think most people dislike this !

And for another reason, bitcoin can be use as criminal activity so that's why some country still not legalized bitcoin yet ( can be use for corruptor,money laundry , etc )

I agree with this statement, but what if sellers start accepting bitcoin solely as a payment option? Wouldn't that mean that everytime they exchange bitcoin for bitcoin, they dodge the tax payments? I think in the future taxes and bitcoin in countries is what will cause a slight dip.

It cant boost rather it would break countries economy because if its citizens would tend to use bitcoin taxation would really be lessen and would result on instability.Knowing that government cant really do anything to control bitcoin it might be possible to impose taxes but on the way on services which do use bitcoin it can help up but would still depend if citizens would be still willing to pay up complete taxes inspite on using bitcoin.

I think it can help to boost economy of a specific country because we all know that bitcoin nowadays are very helpful in terms of many aspects like financial support and of course if there are emergencies we can use it. And also bitcoin value can also help the countries in terms of the income earned by the country and the value of it's currency.

The part of government banning it as a last resort, I agree with that, countries can regulate this to some sort.
Now, it can boost a country's economy, but for that, I believe it has to get more stable, because a fluctuating economy guiding the finances of one country might mean a big havoc. Once this gets stable, and with all the advantages that this brings, I think it wouldn't be an issue for any country in order to boost their economy.

I think that in no way can the crypto currency catch the economy of the country, Although if we take into account that people will stop working as slaves at the enterprise, and they will earn on the Internet with the help of crypto currency, this may somehow affect, Although all the money that they will earn anyway they spend in this country and thus everything goes to the treasury of the state. Therefore, I do not think that a crypto-currency can harm the state. Although the state will always be able to make a dirty trick to the user of crypto currency. This is already known to everyone as and when this happens.

The government of my country does not want to legalize bitcoin. Because all transactions are anonymous and decentralized. The government can not control this and get taxes. People can become richer thanks to Bitcoin, that's great, but it's clear to me why the government does not like it.

I don't think it might break a country since I see it more as a currency but it may give a boost, depending on how advanced the country is. In a third world country like where I live, 6 bitcoins would be enough for a million, even at the current exchange rate. If someone here managed to get into btc during the earlier stages, that person would be rich by now. Sure the fiat money he'll get is still from within this country but what he/she does with it would still have an effect on the economy.

The government wants to protect their citizen from the illegal activities that may happen in their country because of bitcoin anonymous transaction they didn't track any malicious transaction that occurs in their country.

Governments don't like bitcoin because they don't control it. People are in full control of their money/asset with bitcoin.
Bitcoin helps people financially because of its value, but on the other hand, it stops government from using people's money and perform their budgeting and planning activities. ;)

I think if governments fail to regulate bitcoin, it will certainly disrupt the society and the economy as we know it. I don't think anyone want's that. There is no real advantage in complete chaos. I think we will find a middle term, and bitcoin will actually make the world a more balanced place. So if governments and people don't become to greedy, everything will be fine.

PayPal is fully controlled by the governments on the local, it is not eligable in some countries and in the other countries you can't have full account (like you can't send money to other users and only can purshase in online stores) . But bitcoin anyway is  a payment option. It is more secure if you want to save your money from regulations and inflation. But the fact is that governments are destroying their own economy, not bitcoin. BTC only make things faster. Removing regulations will destroy the current economy but will make a new opportunities.

I think blockchain and digital currencys may improve economys.EU countries Lithuania and UK are aware of that.But any economy will be not improved if wil be not changein people mind,always will be some gov,but it will be people gov or big corporations gov

>Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?
Efficiency of people's payments, and stuff like that would be much faster, cheaper,just more efficient. But the country with own currency can make a lot of usefull things like vigorishes, loans, interest rates and much more things that let them make their own currency which they control. That's why every country has own independent currency.

>Will this remove their control or would it be just another payment option, like PayPal?
It will remove their control.

Your next questions are very demanding, and I would need much more time to analyse them.So I will keep them in my mind and then answer.

I think it can boost someone's economy of a country since there are many consumers that uses it as a form of transacting to another person, so if it would be utilized by the government and they can control it I think it might be. For example if they can imposed a tax for every transaction of a bitcoin then it would be a huge income for them but the problem they have in bitcoin is that they cannot control and they don't have access on bitcoin that's why some countries keep on banning and illegalizing the used of bitcoins.

Things that create jobs or wealth, which in turn increases economic spending and raises GDP, will generally boost a countries economy. To give you an example, let's say there are 100 people in china who bought 1 bitcoin in 2011 and sold that 1 bitcoin in 2017 @ $4,000.

That would produce an additional $400,000 of wealth for those 100 chinese. This translates to greater spending in china and an economic boost. It could also create jobs if those who invest in bitcoin and profit use their earnings to start businesses, which also boosts the econ.

if seen for bitcoin situations should now boost the economy of a country but different from the government because they see bitcoin destroying the economy where one chooses bitcoin in the field of investment.

You make a excellent point there. More income = more spending = more tax. I can add the potential income from Bitcoin tourists too, that would visit your country. < If they ban Bitcoin in my country, I would still earn bitcoins online and spend it on a Bitcoin holiday in a country where Bitcoin is legal. >

The will to have full control and power over people, is stronger than the economic advantages of accepting this technology.

I don't think governments all over the world can outrightly banned bitcoin and its technology! Like you rightly said, governments are not looking at the advantage of blockchain technology but they are looking at the freedom it has come to create for humanity. The elites,  leaders and politicians did not want freedom for you and me and fiat is been use by them to enrich themselves and family but the bitcoin system is there to reward hard works.

Economy is healthy when people are left alone to do as they want, government control actually tends to disrupt spontaneous order of the market and sooner or later cause a crisis. And in many countries governments turn corrupt and authoritarian, making things even worse. Unregulated markets may have their own problems, but it's much better than any alternative, so Bitcoin can't really break any economy. Today Bitcoin is too small to feel its effects on economy, but as adoption grows, it will be more and more noticeable. But I don't think that there will be many places that are 100% Bitcoin - we'll probably have a mix of fiat and crypto in different proportions.

Bitcoin offers a method wherein some regualtions of the regular currency can by bypassed or can be called moot. It is transactional but electronic. It is somethig that is paperless, almost do not leave a trace and some countries are approaching it with caution. Yet the truth remains it is a game changer and every country it trying its bet to find out how to utilize it.

i think it can boost and it can also break countries's economy. if the government of a country does not use it or those businesses that affected by crypto market does not use it as an advantage it might cause a break down to the economy since crypto currencies are growing so fast and most investors, traders and users are shifting towards the blockchain due to its volatility and flexibility when it comes to investment.

How do you even begin to regulate Bitcoins? It's completely decentralized, and thus, I imagine it was built in such a way that it would be resistant to a central regulation. If governments can't control it, then it would be hard of them to take advantage of it in such a way that could boost their economy. China seems to think it's bad for them because it contributes to their capital outflows, and they've probably realized there's precious little they can do outside an outright ban.

There are real advantages of using the technology, but what's good for the people may not necessarily be good for their government. I just hope governments would formally adopt a live and let live policy in the future, as most do now.

The government was no longer interested in the problems of the people. Therefore, the interests of the people and the government diverge. Bitcoin is good for people, but this is very bad for power. States can stay afloat at the expense of the confidence of citizens or at the expense of manual management of the economy. Governments choose the latter and will never accept bitcoin.

yes Bitcoin can  affect the world economy even if it does not become a currency that everyone uses or understands. If Bitcoin becomes widespread, respected, and legitimate, A lot has changed over the course of the past eight years within the bitcoin ecosystem, as trends are showing increased interest in the digital currency over time.

In my opinion, it would boost a country's economy. Like Japan who welcomed bitcoin in their economy, every country should not be threatened by bitcoin unless the particular country is corrupt. The banks would be affected when bitcoin is legalized in a country. We all know how the blockchain is far better than the banking system.

Whatever the reason is bitcoin is a very good technological development especially for financial problems. and the question is can bitcoin overcome economic problems in a country, I think bitcoin can be an alternative to overcome economic problems in a country but there must be a system implemented in order to run in accordance with the policies issued by the country. of course there is a rule that can be agreed between the users bitcoin and the government. in addition it is necessary for the realization of the public about bitcoin because bitcoin is crypto currency that uses internet technology as the ingredients. bitcoin is not the fiat currency in general that everyone can see clearly. because not everyone fully understands the internet technology primarily for parents. in doing this takes a long time because I think the circles of parents are not so interested in crypto currency.

i think it depend on the government decission itself and currently my government apparently cannot admitted bitcoin as digital currencies even more likely they will banned bitcoin although this is still not officially so after seeing my government decission i think bitcoin and government cannot walking together and they will always attempts to avoid digital currencies although i have seen there are so many people in my country has been helped with bitcoin but my government will not admitted bitcoin has helped their citizen

If we compare the advantages and disadvantages of having a bitcoin in a certain country i believed the most advantages will make their economy strong like helping to reduce unemployment and if they legalize it it will increase establishments and govenment can gain more tax from bitcoin income. A nation banning a bitcoin to exist is more on a hidden agenda of mostly government self interest than their people interest.

Central Authorities always like to control the financial system as it helps to deal with problems like money laundering, Terrorist funding, taxation and other illegal activities like drug dealing, loot etc. A decentralized anonymous currency like BITCOIN makes govt. lost their control over money in a country which will make things worse and very difficult to handle.
On the other hand, Some countries like Venezuela who is suffering from Hyper-inflation will help their economy to stand rigid at global Level. Being a global Currency, It helps to grow the global economy.
If we talk about technology that is blockchain and digital currency, It will be definitely going to future of the economy as it regulates the flaws which are facing in the current banking system, the problem like NPA & Money Fraud will reduce close to zero. Easy and fast Payment with Low fees will encourage people to adopt this technology in long run.

It can do both boost as well as break a country’s economy. Recently the ban imposed by Chinese government was just to control the prices of bitcoins to make their use in their economy, this gave rise to other countries as well to check whether a ban on bitcoin supports their economy or not which will cause more fluctuations in the prices of bitcoin.

There is no way that bitcoin can break a contries aconomy, it can only boost. Imagine one poor and unknow country created biggest datancenter and started activity in blockchain system and bitcoin payment. Every bitcoin media will post it on their website, investors will get interested in it and see history of this country, will look other things and invest not only in bitcoin projects but in something different also. It will cause country's popularity, this means a possibly more touristd and investors, and of course finally a  big boost in economy.

That's why governments are interested with blockchain projects rather than ignoring.For example,Estonia wants to create a new coin called Estacoin,Argentina wants to import about 200 local bitcoin ATMs.It can not replace cash as payment method but it can be part of whole payment system

Bitcoin can boost many countries economies, because it is simply helping their poor and unemployed people getting some income and this people will use their earnings to invest in their countries usually.

After reading the replies of everyone. Most of them say it can boost a countries economy and I agree with them because there will be a certain point where we'll cash out some of our bitcoin to fiat so that we can buy the goods that we need as a result that will increase the demand in our country. I see bitcoin doing more good than harm in a country thats just my opinion.

Well it is tax free overall and everyone can use btc. But the is offcouse government cant really control it if its within there vicinity but it is till good oppurtunity for citizens to have some money without the government interfering.

If the government really has a full control of their own monetary policies then they must not be scared with cryptocurrencies as it will be still withdrawn back to their local currency, it is just like an another foreign currency that will make a nation's economy stronger because that is remittances.

For my own understanding Paypal and Bitcoin is the same online payment platform, the only difference is that Bitcoin is offering a fast and much cheaper transaction fees plus its transparency and not being reversible compare to Paypal.

I think governments is not scared with bitcoin they are just shock on how big is the money that is flowing inside of it now and with this, they want to regulate it for them to earn from it, that is the government's way.

I think they are not ignoring it, it just that most of the government in the world has not yet have an exclusive and well funded department about digital currency and its positive effect. We all know that people tend to tell more negative feedback if they didn't know such things.

Bitcoin is not threatening anyone, it is a revolutionary currency that offers good for the people who uses it. It just happens that banks are really afraid of bitcoin and they didn't accept that fact that if cryptocurrencies will boom then they will be dead soon and I also think that banks is bribing governments to ban Bitcoin to their country.

If only governments are open on what Bitcoin will bring to the economy. But first, it should be introduced to people and teach them so that from the advantages of bitcoin, transactions will be easy and people will have a job even if they are in their house only, so no doubt that the economy will rise if this happened in the future

I don't think that there is really a hard evidence showing that a country is afraid of Bitcoin. As far as I know some countries even support the usage of Bitcoin like Japan and Korea. As their point of view I see that they think that it will boost their economy by people who are trying to pay in Bitcoin expecially the tourists of their country. Bitcoin is one of the newest technology matched to our present day and businesses and also the government can take advantage of the cryptocurrency.

Exactly, bitcoin won't harm us instead it gives us another opportunity to earned more.
It won't totally boost our economy because the government won't benefits this, only the individual that are in bitcoin could gain benefits from bitcoin. But it happens that bitcoin become legal and we pay taxes, thats the time the government have gain benefits from it and it would help our economy.

It will depends on government implementation ,if they will over use it pr they will just let it by their people without controlling too much. I wonder why China bans crypto activities when it is obvious how helpful it is.

Yes! As the bitcoin is a digital currency and it is being use worldwide so the process of the bitcoin is increasing more and more, it is being legal in some countries but the investors of the country is also increasing as the time passing. The 80% of a country population is now using bitcoin and they are investing in bitcoin so it is the best time to put something in the increasing economy of our country by being a part of the bitcoin.

You explained it with such good description that I don’t need to explain it any further. Still you are very right in this chain for making country’s economy boost. Bitcoin will never break the country economy rather it acts like a catalyst that fasten the speed of economical race in country.

I don't think it can do anything in any country even if the country is a developing country. Right now bitcoin's status is not yet very widely accepted and having it doesn't mean it would do anything to the economy as it cannot stimulate the economy if there are not a lot of products and services are accepting it right now. I guess maybe in the future when it is widely adopted already.

Bitcoin does not really cobtribute a lot to a government but more to the people in the country.. Basically, once an individual get an income (coming from bitcoin) it will help him improve his financial status. And the boosting of countries economy is dependent on each individuals. Even though the government has no control with bitcoin, it will still help a country to improve in terms of making people a better living.

If that country will just think of the welfare of their people they should support the bitcoin. Decreasing unemployment alone are already a big help and the purchasing power of their consumers will going to increase because people have lot of money to use from bitcoin. These two reasons are already a solutions to boost their economy plus the tax to be implemented once bitcoin will be legalize.

The bitcoin can boost the economy of the country because if the people in the country uses bitcoin, it will have a chain effect that will lead to boost their economy. We should all use bitcoin for us to improve our economy.

Bitcoin would not affect the country's economy. The maximum that bitcoin might be a little to increase the inflow of investments into the country, but it's not such a scale to have any meaning. Bitcoin is still too weak to have an impact on the economy of even the most backward States.

Bitcoin can't boost economy of a country because it will never be made a national currency of a country or state due to its decentralized characteristic and many other factors. Although if they introduce another currency which is made according to them and by them having full control over it as other national currencies then it is possible that it can effect the economy.
It is true that government is scared of bitcoin and crypto currencies and their fear is real because it is expected that digital currencies will take over the fiat in future.

Definitely its a positive side of bitcoin. It provide so much job opportunity for the people who are in college or unemployed. They can do some work and get paid in btc. One can run business around btc and create more job employment for others as well. Its a new revenue source for government too as will get more tax from the income earned by people.

I think this is a big threat to banks, and since banks and governments work together to retain power over people, then it's a threat to governments as well.
If governments completely embrace bitcoins with no restrictions, there will be no use for banks anymore. Also, what kind of arrangements they do in secret in order to print money and profit from peoples debts, will no longer work as well.

You are right because by the time the individuals can now be able to afford some of the basic things that they can, then it then means a boost for the economy but where we fail to get it right is that the economy is not about individuals neither is it about group of individuals but the entire population which means the economy can still be in shambles while several individuals can still or being able to meet their needs.

In any country in the world even with several rich people, its still being regarded as a poor country because the wealth does not circulate to the entire population which is in this case might be for bitcoin especially for countries that are still developing because it then means I get to have a tax free income, more money in my pocket, I enjoy government roads, get to drive cars at the expense of those who contribute to make that available.

If some country will create good conditions and lower taxes (or even remove them) for using bitcoin and starting blockchain startups then it may get some boost. Personaly I expect Singapore to do something like this, they know how to attract investors and might use their knowledge in crypto.

If a country's citizens start their business on blokchain and become an important market maker or service provider, this would boost its economy. Otherwise, a country may get damaged by bitcoin as well.

I believe the problem is with the fear of decentralization. We are aware that a small few control the large majority of fiat money available. If BTC would be widely used there would be several new players coming to game and could or would mess with the established finantial system. The other major point is pure ignorance. People just don´t understand the grasp of the tech and the few that even heard of BTC would reply : "money laundry? drugs?blackmarkets?"

Bitcoin can not affect the economy of the country in any way, since it is just a currency to be earned. And now it is too high and it's becoming harder to make money.

Whether it's hard to earn or not. It's an innovation in the financial structure and the same is making functionalities more effective and without flaws. Security alone seems to be an issue because of hackers. Secondly it's making an inflow of economy within the country. This causes growth in economy rather than downfall.

Yes bitcoin is most popular coin of this time and everybody is talking about it, and everybody shows some serious interest to it basically it is started from the west and the whole world follows west and now everyone around the west and also in east is adopting it because they know it is the beneficial and it can give them economic stability.

I think if Venezuela introduced Bitcoin as their new currency and invest a lot into it then in 20 years they would be a very, very rich nation!

I thinks bitcoin can boost economy because it offers a lot of advantages to people, we all know that bitcoin nowadays are very helpful in terms of many aspects like financial problems and other expenses.
Bitcoin can boost economy of one country.

In my opinion, bitcoin can improve a country's economy for those who already understand and used to use it, especially now that bitcoin prices are high enough. I'm sure, bitcoin can improve a country's economy.

the governance system is already managing all matters concerning how their economies will develop so to incorporate bitcoin into the system will probably have a bad effect they may think

It is too early to think about Bitcoin will Boost or destroy country economy. Bitcoin is not accepted by government we have to consider this seriously. Once Bitcoin accepted by all countries then for sure any country's economy will be controlled By Bitcoin and for sour countries economy will be boosted.

bitcoin can not boost or break a countries economy for now because bitcoin itself is not yet accepting as a payment method or currency but once bitcoin is accepting, I think bitcoin can boost the countries economic. but from now on, every people in all country can use bitcoin and make their own money while they waiting for their government approve bitcoin to be the next currency beside fiat.

I think bitcoin can help boost the countries economy because of its ability to help many people in becomming financially independent. Bitcoin offers many opportunities and it does not require so much for a person to earn it as long as you understand how bitcoin works even if your uneducated or even if your young or old.

It all depends on the financial policies of that country. I think it is not possible for Bitcoin to do any such thing at present. The reason being none of the country has announced Bitcoin to be legal in their country. So till the time this Bitcoin and other crypto currencies will not be legalized, I think we can’t expect any such thing to happen.

Other countries choose to have a digital currency it is because they have seen a light up bringing but productive community. Just like for example the China they introduce a cashless country also Japan that is great, rigth?

However it is still in the process in other country but we can determine that they can do it by chance because they study it very well. Bitcoin will surely boost the economy because it develops a lot of advantages for good of all.

Indeed, but every government needs a relevant and young people in it, to consider, examine and understand a potential of crypto without this stupid all-rejection.

I think that bitcoin is already boosting the economies of so many countries around the world, and especially the poor and third world countries, because it is helping so many citizens from such countries to earn their living, improve their financial stats, and also helping the unemployed and poor people to get a full time job online.

If bitcoin will walk in the state along with the national money of this country, then he is able to benefit the state and people. This we can see in the example of Japan, where the introduction of the crypto currency, along with their national money over the past year, brought profit to the economy of the country, that is, an increase in gross domestic income, by 0.3 percent. This is still a small figure, since bitcoin is recognized there as a legal tender only since April of last year, however, I think that in the future it will grow.
If you try to use bitcoin as the main means of payment for the country, I think that the result for the economy will be negative. Bitcoin, with its high volatility, is able to quickly unbalance the economy of any strong state. We do not yet have experience in this matter, but I think that planning the country's economy in bitcoin and monitoring the implementation of the country's budget in this case will be impossible.

First of all it would not break nor boost an economy because it is not yet introduced as currency in any country. Assuming most of the countries do accept bitcoin it would have its own risk. Today, most countries do not have the financial capability to accept bitcoin. But possible, bitcoin would be our next generation currency.

Governments see's bitcoin as a threat cause it's a decentralized currency with an security that is pseudo anonymous in each transaction. So they'll never know who sends who, for the government this is bad cause they can't monitor or tax it's user. And if their people chooses to use btc over they're own fiat the countries economy will surely fail.

of course can Bitcoin is quite popular. However, due to unsure security issues, eventually many countries are banning the presence of Bitcoin. that's why many countries are banning or disagreeing with the existence of bitcoin.

yes i think bitcoin can really boost our economy because of the profit that bitcoin can really give to us and the opportunity to give to those who are willing to grab so i think it will boost and not to break the countries economy but rather it will help us to rise and to improve our lives.

I would say that bitcoin can boost a country's economy.
A user earning money through bitcoin "takes in" cash excluded to the ones priginally circulating throughout the given area.
It can also reduce the unemployment rate which is obviously good news for economy.

I think the two situations could both happen. It can either make a country do so much progress while it could also create an effect to the economy of another country. Say country A pays the people in country B money in bitcoins for some services done, then country B. receives it. If country A pays more than country B then country B gets more money from country A. So I believe the idea could be true.

They're just close-minded people and thinks that bitcoin investing and all other cryptocurrencies are just dangerous for people and stuffs. Media is also against bitcoin. In my opinion and also as we can see there are beneficial offerings that bitcoin gives, it can definitely boost someone's net worth and this will end the poverty of one country and possibly boost its economic status because of the people having money and paying for their taxes.

I think that the governments of the countries of course about everything and about the pros and cons of Bitcoin, but no one fully understands what can give and what can affect Bitcoin, because of ignorance of it and yet prohibit, but not all....

I would say that Bitcoin can greatly help the economy of the country as well as the world, why? because I have seen many ways to help bitcoin for all users and many successful people in it in a matter of months or years, more and more new users every year and more and more new billionaires are popping up, that's the proof within a few years after bitcoin shows a tremendous price, but on the other hand there must also be a minus in building the country's economy, not easy to design 100% succeed.

Maybe they really don't know the functionality of Bitcoin and how it will affect every Country's economy. they might need to learn more about Bitcoin first. and of course, Bitcoin can boost the Economy of a Country. Imagine a Country with no Homeless people. everyone has income because of Bitcoin. even an uneducated person can use Bitcoin. that Country's economy will surely grow and improve.

bitcoin is already helping the economies of various countries to increase its economy, because there are many countries whose economies are increasing very quickly thanks to the help of bitcoin. so who says bitcoin destroys the country's economy is of course wrong

I don't see economy working efficiently over the economical model cryptocurrency possess becauseof following reasons.

• Due to the high volatility, cryptocurrencies can never be used as an effective currencyin facilitating international trades.
• Due to anonymity,  it will become for state to gather tax and hence can restrict development proces of a nation.
• Also, cryptocurrenciez may seem decentralized, but in actual some 4% own the largest share and they can run the market and the price according to their will. This can be a threat to a nation's financial stability.

Bitcoin will not be able to lift the economy of a country if the country does not accept bitcoin as an alternative payment method for its citizens in transacting. The fear of a government against this new technology because they can not control the bitcoin price, they will not accept if bitcoin prices can not be controlled. Obviously there are games and reasons hidden behind the banning of a country.

as long as bitcoin is not yet accepted in the country, then there is no chance for bitcoin to boost or break a countries economy but maybe it could help people to increase their income because they use bitcoin to make money. but if the country accepts bitcoin as a new payment, then bitcoin might boost a countries economy and will help not just the people but also the economy of that countries. but maybe I am wrong for this because I am not an economic science which always watching what is happening in the economy sector.

With the current adoption im not sure if it could do either. Maybe in the future it could do either? I mean it could boost the economy by giving more opportunity to people while at the same time it could break it because the government couldn't manipulate it on its favor.

Atleast right now, i dont think the government is particularly concerned of bitcoin and its impact on the economy. I think what they're really worried about is how it helps money launderers.

Bitcoin might seem to break a country's economy if seen outward as always it has been criticized that bitcoin is used for money laundering,tax evasion and illegal activities.But the same bitcoin is providing new and good earning opportunities for the unemployed people irrespective of their country,caste,religion,race.By this way,it helps improve the standard of living of people which would indirectly help for the economic growth of the country.

Depends on how the government of that specific country will take action, nonetheless if the government tries to make action with bitcoin and instead of banning btc they'll be legalizing it and making shares with the tax whenever people earn, buy, sell, mine, or invest in bitcoin and then get the percentage of that to the government with fair share then I think that it will be boosting a country's economy.

Both options could do for that country depending on the people investing on it. If you can see that in the bitcoin system if someone has gain then some also had lost. This is just like a tag of war with the money being holding. if you let your money to be given from other people around the world then probably that country where the people lives will boost their economy. And yours, will break somehow it could not really affect with the countries economy but you can contribute to the breaking or boosting of your own country. Honestly I do hope that my country or people living in my country do well in investing cryptocurrency,

Depending on the country's government on how to respond to bitcoin, the presence of digital currency is still a controversy in some countries. As a result, the use of bitcoin in a country is not always accepted by its presence. However, no less also many countries that have legalized bitcoin as currency, such as America, Denmark and Russia.

well mostly banking sector is effected  by Btc ...some government have allowed it and some are afraid to allow it ... Well they have to accept that crypto is future

I think bitcoin is like a double-edged knife, not just bitcoin but all the technology created today is like a double-edged knife which means it can benefit you but at one time it can also destroy you.

Yes Absolutely it can boost the economy of a country. However, let’s first clarify that cryptocurrencies are just one application of blockchain technology, which is the real enabler for all the crazy changes that we’ll see in the near future.Let’s only consider the obvious for now, such as eliminating middlemen & their fees in multiple types of transactions (financial, real estate, insurance, supply chain, etc.). Speeding up transaction time securely for a fraction of the cost is in itself a huge productivity boost.Benefits aren’t only monetary though. Consider how blockchain will change society by drastically reducing corruption and fraud. No more voting fraud, no counterfeit money & products, no more cooked accounting books.A lot of bad guys will need to re-train for their next criminal career after losing their jobs. They won’t be happy campers.Only the above is mind-blowing. And those are only 2 benefits. Now imagine the exponential growth in benefits that will be enabled by the above and have yet to be discovered. It hurts my mind to think about it.

If bitcoin will walk in the country along with the national money of this country, then it will positively influence the economy of the country in the event that the economy develops freely in a democratic society. If the economy before that has been developing authoritatively for a long time, with manual control, it is likely that people will withdraw their funds through the crypto currency from such a country, and its economy will suffer because of this.

If bitcoin will walk in the country as the only means of payment, then nothing good will come of it either. Due to the high volatility of bitcoin, it is able to unbalance the economy of any strong state, therefore, the crypto currency must go along with the national money.

somehow i get your point, crypto and fiats should co-exist, because those two are the main ingredients why we are enjoying this profit, the exchange of this two are necessary to create traffic that creates the value of bitcoin today. if bitcoin has no value over fiats, it is useless and vice versa. imagine if there is no more fiats and bitcoins are the only currency, unless dollars and other currency is replaced with bitcoin, which is impossible to happen.

If I think it depends on the community and the nature of the government in response to this bitcoin how but if the government legalize this bitcoin and society will not menyalagunakan bitcoin so that will help the economy of a country and if wrong use will destroy the economy of a country.

How exactly will Bitcoin 'destroy' you? It's easy to say something without actually going in detail about what you're trying to say. I honestly can't think of a reason why Bitcoin would 'destroy' anyone.

If I think further and not directly jump on your destroy term, then one could say that you or the online wallet platform can get hacked with coin loss as result, but that's not Bitcoin's fault, but your own fault.

Bitcoin itself can get shaped into anything, which makes it near impossible to become outdated in the coming years, where we also have off-chain layers giving Bitcoin that exposure. If that's not what you meant, explain yourself.

Well yes, bitcoins can have impact on the economic growth of country. Like in this case as you have said, if a person is unemployed and not putting anything back to the national economics, he can be able to pay taxes and live a happy life through bitcoins. They’re earning source and when he would start earning money, he will definitely be decreeing the ratio of unemployment and increasing economics of country.

Its just they realized lately how much they lost because of not setting their eyes on this profiteering..
Thats why this days most of the countries are making moves about getting the piece of cakes that they missed in the past years..

Bitcoin can break or cripple a countries economy - that's in the perception of those countries who banned bitcoin and the rest of the cryptos. But for those who embraced the blockchain technology, it gives a lift or boost to their economic status.

Bitcoin can boost countries economy, because bitcoin will help developing countries residents participate global economy, bitcoin can help everybody to access modern banking and financial services , through the combination of cryptocurrency and mobile phones would give access to global economy , with the help of blockchain technology.

I do believe Bitcoin can boost every country's economy if they regulate it and tax it - this way Bitcoin will be legal and the country will earn from it as well.

Even though they will not tax it or regulate it, it can still boost the economy of the country by investing into bitcoin because if they will invest in bitcoin then they can just earn a lot of profits over the time because of bitcoin. Bitcoin is a great investment since the price movement of bitcoin every year is up trend so it is a good opportunity for the countries to put some of their money to that and they can expect huge returns.

You must come to the bitcoach. Sooner or later. But do not replace the currency.  but dilute the old money with new ones.

The perception on bitcoin differs from country to country basis. The current economic system the country implement will play a major factor on bitcoin adoption. But since, there are really countries that succeed in adopting this blockchain technology on their economic and financial system, this is a proof that it would be beneficial to a nations development if properly implemented. Instead of treating the technology as a threat too the economy, why not look for regulations that might be the answer for a struggling economy.

This seems to be an exaggerated fear, we all know that a decentralized system like bitcoin is very open and unnecessary to be feared like that, I'm sure that if the state legalizes bitcoin it will have a major impact on improving the economy and prosperity.

The TRUTH is that whatever might be the reason behind government of most countries been skeptical about accepting bitcoin is not born out of a genuine interest for the public, because the economy of every country needs big investors to invest on it and incidentally that is what bitcoin does boosting and not breaking the economy.

Yes, because of its characteristics, boosting and breaking of economy of one's country depends on it. Because if its volatility, it can be a booster to a country and can also break it.

BTC can break an economy as it doesnt support banking system.. But it will surely helpful for customers and btc holders..

It would really be a big boost for any country economics, because it ofeers a lot of opportunities and advantages to people and consumers of it

Unfortunately, many countries are always scared (except  a small minority of them like, Canada, Japan.. )  due to  the existence of digital currencies and especially Bitcoin in the market and the rise of their users over time, So this leads to financial losses to some countries  because they are not benefiting from financial transactions through Taxes and they cannot even control them, despite  have tried many times to eliminate and destroy   but always fail to achieve those bad goals because it is very secure.

Furthermore, I think if the governments will recognize Bitcoin and cryptocurrencies in general, then it is certain that there will a boost in their economy, but they just have to use it intelligently and without exploitation, although it is difficult to achieve this, because countries always want to exploit users through a high value of taxes.

I think so.
Maybe they are threatened because they know what more bitcoin can do in the future since it can easily adapt to the sudden change of the technology as well as the people. They are thinking that bitcoin or any other cryptocurrency  may dethrone the current system which they don't want to happen because the govrnment system will have to adjust a lot for it.

Of course,it boost a countries economy.Because it always add to national income.For it,many unemployed can get some work to do and income a lot that they can continue their basic needs,education,savings etc.It also increase the llevel of living standard that need for a country.

 I believe bitcoin will be a big boost in a countries economy because of its advantages such as security , detection of fraud and so on. But every thing that has an advantage also do have some of its drawback in the sense that the economically active poor and computer illiterate cant really enjoy the benefits of bitcoin.

Governments may have more pressing matters than bitcoin to worry about it seems. As our government says, bitcoin is not "yet" a prominent threat to our economy so they are leaving it alone for now.

If you handle the bitcoin correctly, it can boost the economy of the country. This, for example, occurred in Japan, where the economy because of the recognition of bitcoin as a payment instrument increased by 0.3 percent. However, if bitcoin is recognized as the only means of payment in the state, in my opinion, because of its high volatility, it can unbalance the economy of any strong state. Therefore, bitcoin should be quashed as alternative money and then everything will be fine.
Some states are afraid to deal with crypto-currency, because it is difficult to control.

I feel that they really think that bitcoin is a big threat to them and to be honest I cannot blame them, right now they have all the power of printing their own currencies, they can control the economy as they see fit, if they wanted they could crash the economy of their countries or in the case of the United States they could crash the entire economy of the world, bitcoin takes away that power in a way that not even gold could, and the reason is that at least with gold you can confiscate it if you find it, but with bitcoin you can see it that it's right there because you can see every transaction on the blockchain but you cannot take it.

Bitcoin under surveillance and government regulation will certainly help improve the economy of a country's government as it will be one of the sources of state income through taxes imposed on bitcoins and bitcoin users. but if bitcoin is not supervised by the government and allowed to exist without clear governmental rules, it will certainly be very detrimental and could destroy the economy of a country where the potential for abuse of bitcoin by irresponsible people for their interest, such as money laundering , the financing of terrorism activities, the purchase of drugs and so on that are negative and contrary to the rule of law existing in a country.

For know, Bitcoin don't have so big price and market cap to influence the economy of full country. Maybe some small poor country, but not big.

Like people, governments of countries can also take benefit of Bitcoin to boost up their economies on big level. This increase in the economy of a country will lead the country over other countries. This country will afford to sign big agreements that were out of the reach before. If the country adopts Bitcoin then the country will save the costs use in the manufacturing of paper money. As a whole Bitcoin is the most advantageous currency in the world.

Actually they are wrong. Bitcoin can actually boost  our economy especially on those country who are suffering from poverty. Eventhough its price is unstable but just trust bitcoin's capability to help people. Bitcoin had change a lot of lives from poor to rich. If a poor person is willing to do anything just to change his/her status of living then he/she can make it through bitcoin.

They could benefit with bitcoin if they fully adopted it, but they do not want that because they feel they will lose a significant portion of their power if they did so, if governments were honest and had the best interest of people at heart they will adopt bitcoin, but you must understand that once a government is established they only care about that but perpetuating themselves, they only care about the benefits they can get extract out of the citizens of their country and to keep their privileges no matter what and if that means they need to sink the country they will do it.

Bitcoin for me can boost country's economy only if government accepts bitcoin. However until now only few countries acknowledge bitcoin and majority of them are not, so for me I don't think it can boost our economy.

I see this idea as an ooen ended question, something which gives us a not so clear stand point. The reason why I said so was because it depends on how the country is gaining or perhaps is losing. Consider bitcoin as real money and if such country doesn't have earners or gatherers of bitcoin they they will end up just like giving money thus creating loses for their economy.

Bitcoin is just a next step in the economy. I don't think it can boost or break the economy. I mean some companies will take advantage of it.  Government are very precautious, as the price is very unstable. But they are in the good process to legalize it in lots of countries. It is a really big change and it takes time to measure the pro and cons of this new economy.

I agree that if you legitimize Bitcoin, you can take taxes from him, but will someone compensate for losses if someone takes them while buying Bitcoin. Such people will be one hundred percent. If you charge taxes, there must be insurance.
As for funding, I'm not sure, there's more cash in the suitcases. Who wants to deal with the conversion  :D

If I think this bitcoin can boost the economy of a country because of the economic progress of a country seen from the already prosperous community and adequate infrastructure, if many people who already know bitcoin and many who already have income from bitcoin then the community will prosper and will help countries to be better economically.

My theory has been that bitcoin could be an effective means of evading capital controls as long as so few people used it that it has only very trivial impact. Well before it were to have any significant impact, governments would ban it and be successful enough to keep its impact small.

Bitcoin can boost a countries economy because it will help the people to earn money and the people will use those money to spend on the things that they want and those profit of the shop or the store that the people used to buy things with. Then it will boost the shop or the store's income and the tax of that store will go up too and it will help the country to have a better income which will help itself to improve its system and economy

Yes bitcoin can boost economy of a country because  there are so many ways it has helped people in term of earning money.

If the crypto currency, including bitcoin, will go in the country as an alternative to the country's main paper money, then the crypto currency will be able to contribute to the country's economic growth. This we can see in the example of Japan, where such use of the last year's crypto currency gave an increase to the economy of the country of 0.3 percent. However, if a state takes a rash step and recognizes bitcoin or any other decentralized crypto currency as the main means of payment, then, because of their high volatility, the crypto currency is able to quickly deregulate the economy of any state.

I agree with your opinion that bitcoin can boost the country's economy.
with the presence of bitcoin every person who can give their life, save up etc.
Even indirectly reduce the number of unemployment numbers in the country.

Bitcoin can surely boost economy of a country

It can either boost the economy, or break the economy. I agree with you, bitcoin can boost the economy because people will earn a lot of money when the price rise, they can buy expensive things at the store that will cause a great circulation of money, and income also in the country. But at the same time, it can break the economy, because the price of bitcoin is not very stable. We can't really predict if it's gonna boost, or break the economy system because it is volatile.

many countries are just afraid of the things that to date I do not think it's happening yet, they're afraid Bitcoin is used as terrorist financing, money laundering, and corruption.
if closely monitored and continuously developed, Bitcoin can help the economy in a country, helping to reduce poverty levels.
but the government in the average country only predicts the negative side of Bitcoin alone, not with its positive side.

By regulating bitcoins so that people can pay taxes when they convert their bitcoin into fiat just like gold, I believe that the economy of the said country would be improved considering the revenue they get from the taxes being paid.

Bitcoin can help boost one country, it will help the country's people to become financially stable.  It will be a good opportunity to help those in need. With the help of bitcoin everyone would be benefited, when someone has a great income out of it they would eventually help the economy from booming like venturing new business that could give job opportunities to jobless people, so it won't break countries economy rather it will be an opportunity to grow.

so far, bitcoin does not affect inflation and deflation, nor does it affect the price of staples in the country. but the benefits and benefits of bitcoin investing are very profitable. so bitcoin can greatly help the country's economy.

I think the countries should learn how to work with bitcoin and crypto currency as a whole and then it will not do any harm to the state economy, and even on the contrary will bring benefits.

In my own opinion, cryptocurrency can boost a countries economy today because japan is using it to improve their own country and it was not a bad idea because people in their country is having a wealthy life because of bitcoins.

Obviously, they won't do anything with Bitcoin itself. If governments stimulate Bitcoin usage and people utilize its currency aspect, it will be a severe loss for the government because their debt backed trash is no longer the main standard. Fiat is worth what it is worth because we all accept that we can exchange our money for something in return, and as long as people keep using fiat in that way, it will maintain its position in that regard.

What value will the dollar have when barely anyone is using it? Usage = value. Usage doesn't necessarily mean it solely refers to buying goods with your fiat, but the speculative aspect plays an important role as well. We made fiat what it is today, and we have the power to end its dictating position; the government won't ever be stimulating that.

Personally i dont think this cryptocurrency can break economy's of every countries,because bitcoin has only one vision,and thats to enhanced the worlds economy and to help the world make life easy and reliability.


Good answer there mate,so far we only see the good effect of bitcoin in our countries so theres no doubt that only positive things are offered by this coin

If people switched to cryptocurrency, then it would solve many problems: there would be a world economy and a world currency, but no one (no country) could influence it, no one could print more money, and to buy something, you would need to sell something.

I think their fear of bitcoin because they are afraid if people have turned to bitcoin then the traditional banks will not be used, and no more tax collection. so that the state does not get money coming from the community.

that is my opinion. sorry if I'm wrong

Bitcoin benefit the economy of a country and the financial situation of its people because the Bitcoin is open for all kind of people. Bitcoin will benefit the government if it adopt the Bitcoin for investments and transaction and moreover as payment method. This adoption will bring increase in the economy of a country by saving the amount or budget of government in the manufacturing of paper money.

In my thoughts ,I believe bitcoin boost countries economy , because the bitcoin can help the people who are jobless , the bitcoin can help people the oppurtunity to join the global economy , through the combination of cellphones and internet they can join the bitcoin global community , this will help the economy of certain country.

I am sure that this will be a boost in the countries economy, those, which will accept it as a currency. As for me, this is obvious because crypto offers a lot of advantages for both traders, consumers, all people who like innovations

Bitcoin can not. it is not being controlled by any government so that mean bitcoin can not affect the economic system of a country. Moreover, bitcoin is decentralized which means it can not play an important role in destroying the economy

Bitcoin give big boost in one country even government don't want bitcoin because it's big help to people to earn money in many ways. Bitcoin is decentralized so I think it cannot affect or bitcoin can't destroy the economic system of one country.

That sound easy but the reality is not as simple as we think because recently Zimbabwe declarate to ban all crypto currency activities, as we all know Zimbabwe is the country that has a bad economic situation but crypto still can't help their economy and finally they are decided to ban crypto currency.

No, at the begin, you do not understand the nature of cryptocurrency market and the Bitcoin value. You have a profit from an order bought Bitcoin at the low price and sold that amount at the high price. It is the truth. But, the person bought that amount at that price can have the profit if the price of Bitcoin decreases after you sold for this person??? Of course, never! So, the cryptocurrency market is simply a place to "exchange" money. No feature can create more money from this place

If the crypto currency will go in the state as an alternative currency along with the usual national money of the state, it will strengthen the economy of this state. An example of this is Japan, where over the past year, the Crypto-currency increased the country's gross domestic income by 0.3 percent. This figure is not very large, but this is an indicator for the incomplete first year. There, the crypto currency was recognized as a legal tender only from April last year.
If the crypto currency is recognized as the main type of state money, then this will have a negative effect, since, having high volatility, it is able to deregulate the economy of any state.

On the basis of Bitcoin has increased the economy of each country, every individual is domiciled in a country, if the individual uses Bitcoin then he will feel the influence of Bitcoin on the economic pinansial against him, can imagine if the majority of people use Bitcoin, that means the economy of a country will increase .

That's really unreasonably dumb statement you got there, how bitcoin even make people rich? bitcoin is so volatile that even if a government uses bitcoin it will face the risk of having loss by the volatility and it's really critical for country's economic to be stable.
Even I don't know how you really think bitcoin make everyone rich, that's just plain stupid I must say, bitcoin is just a currency or even many people consider commodity, not a magic that could turns people's wish become true.

I think that it is capable of doing the very both things. But in the most occasions it should boost economics.

Bitcoins are just a store of value. It is similar to fiat in a lot of ways as it is a form of payment. The only thing it does is that it facilitates the transfer of wealth in trade in economies. If the economy finds bitcoins to be something useful  then it has the option to keep using it and replace conventional fiat or if burdensome they can remove it and revert back to fiat.

Bitcoin is not recognized by some countries not because they pose a threat to banks but rather to the countries and citizens security. As we all know anonymity is a criminal's bestfriend.

We can't deny the possible help of crypto's for the economy but some countries see the threat for security as a bigger problem.

For a country I think it has not gotten there, because a lot of consideration should be considered about this bitcoin as the price fluctuates when the price drops drastically should gimanq, if it goes up, I think ga need to be explained .. so bitcoin is more suitable for use by individuals and companies. , but yes it can also by the state just to attract taxes ..

Bitcoin's very likely to destroy the economy of a country, when calculated from the total supply of total bitcoin is 21.000.000 pieces. With the amount of bitcoin that bitcoin's so easy for bitcoin to destroy the country's economy.

Governments should afraid to introduce bitcoin because of volatility of its prices. It'd be very inconvenient to use. And in really poor countries it's unrealy to calculate digital currency

Bitcoin can really help in boosting economy of a country because this is a way people can earn for their living but some countries don't recognize Bitcoin because they are afraid of what will be the effect in their economy because of it's volatility it's price is not stable and some banks are also of it's existence.

Of course it boost.But, it will depends on the people of that economy if they are not ready to accept bitcoin and the other cryptocurrencies well it will not good in that community but if they were ready to accept bitcoin it will be a big change for them.

Yes.Bitcoin for sure can help to boost a country's economy through giving the people a decent source of income wherein the government has failed to do it for them.They can make huge profit in bitcoin that will eventually change their lives for the better.And in terms of money transactions,it will give more convenience to the users or consumers to bitcoin.

Btcs are too much feared due to the fact that it has the capability to design its own broad based platform without any other support.

The known and limited supply of bitcoins means that it is not destined to become an effective alternative currency. In addition, bitcoin does not have the obvious use value, so the currency will be completely wiped out. But the flaw in bitcoin is the result of the currency's execution, not its own.

actually it can break the countries economy if government cannot handle the growth so the best thing that the government can do is also use cryptocurrency or create their own mining hardwares.

           According to my opinion Bitcoin can boost the economy of a country . If in a case people without employment how can they boost the countries economy here Bitcoin helps to pay taxes of that person without panic and this will decrease the unemployment  and increases the countries economy. Those countries who have banned Bitcoin can break the countries economy this is due to the unawareness about Bitcoin those developed countries who have embraced Bitcoin enjoys the economic growth of their country.

Bitcoin only brings hope for the countries and not destruction and that is why i love having bitcoin as my primary source of income and not the regular job and if the other people doesn't have job will work in bitcoin then they can earn a lot of money and like you said, it will boost the economy of the countries because the sales and the overall money or income of country will have a boost.

No wonder that a government doesn't really benefit from bitcoin and altcoins, why would they want a currency that they cant totally control?

I only know that bitcoin can boost people economy because they can earn money from bitcoin but for boost a countries economy, I don't think so because the government still not use bitcoin as a new source to grow their economy and they still learning about bitcoin. but for the people, they can start from now and they can make money from bitcoin. many people were helped by bitcoin and I think they can solve their financial problem and now they can have their own money by doing many tasks related with cryptocurrency.

It will probably help boost the economy of a particular country that accepts and adopt Bitcoin as another form of currency and investment. Cryptocurrency related businesses will emerge and it will also bring convenience to both the economy and the people itself. Nowadays where crypto is on trend people will start to get in and will add to the increasing community which means positive  towards using Bitcoin either in buying and seling of goods. Local exchanges are regulated that is why and where we taxed in every convertion to fiat money and that will help the country improve.

I think the two situations could both happen. It can either make a country do so much progress while it could also create an effect to the economy of another country.

Now it's too high and it's getting harder to make money. And bitcoin can not affect the economy of the country in any way, because it is only currency

I think as long as it helps people procure profit and money from either investing or
earning in such, It would help boost and improve the economy. Most especially
third world countries, I think it's going to reflect a lot faster and clearer on Bitcoin's
impact on their designated economies and markets.

I agree.Bitcoin have been giving significant proofs to people particularly in their financial aspects.They can make a good source of income with the presence of bitcoin.With this,i believe that this will lead to a more positive results if all of the people in a certain country will come to use and invest in bitcoin that will totally help in boosting their country's economy.

Bitcoin and altcoins are not needed by the state, because it is impossible to establish who owns and manages them.

I think if bitcoin is accepted by a country that is experiencing an economic crisis, bitcoin can cause chaos in the economy of the country. But it seems that bitcoin also needs regulations in order to be aligned with the state of the economy in that country, in order to help the country's economy.

With bitcoin people can make profit, and buy the thing that they wanted to, or hold it and make some profits by savings

Bitcoin is future currency and can be called as an asset and it is future banking too we can expect transparent banking in this world with bitcoin and provide jobs boost economy

bitcoin can boost countries economy because it lessen unemployment.Those jobless can start a small time business at first through investing in bitcoin.Bitcoin helps peolpe to earn money.

I do not know how about the country's economy, but it will create problems for the banking system. Bitcoin does not destroy the economies, but rebuilds it.

I think if its introduced, the economy of a nation would get balanced completely with enough btc-fiat compilation and many more.

Could be, because the bitcoin is absolutely not in control by anyone.

If legalized and used for various transactions will certainly make the country's economy better, we all know that the main problem of unemployment and poverty is a centralized financial system so that if changing the system then be better.

Possible that the country who banned bitcoin have some negative thoughts toward the possible unpleasant things to happen in terms of economic and national security. Once the country welcome bitcoin then normally crypto world is on that nation already because of bitcoin entry. Altcoins can help bitcoin to make one country to change the movement of economic graph from low and stagnant to active and increasingly graph. It is also depends on individual support to government plan regarding crypto.

I think it will give a boost to the economy. If bitcoin users would decide to declare their profits with bitcoin to be taxed then definitely would be a help to the economy and if they do not, it would still affect the economy if they do succeed and becomes rich with bitcoin.

Countries are scared of crypto currencies because they can’t control them.  But bitcoin can’t effect the economy ir depends how you use it. It can definitely be used to an advantage

I believe that the economy of the country will increase given the income they get from the tax paid. And by setting the bitcoin so people can pay taxes when they turn the bitcoin into fiat

Government are scared of bitcoin because they can't control it.
Didn't they know it will affect their economy in a positive way. In my opinion, I think there should be a representative of bitcoin in each country to explain and discuss the benefits of bitcoin in economic state

Bitcoin does not have the authority or anything to break or boost a country economy. It can only help or destroy individuals only. The government, in general, control most of the thing in the country and they know how to stop economic crisis as well as improve the ecosystem

Well for the third world countries it will be a bit difficult in the sense that it might want to break them, because it will be that only those who have access to light, internet and enough to invest and make profit. Bitcoin is here to boost countries if the countries can improve the standard of living of it's people by providing the basic amenities and infrastructures.

bitcoin is definitely boosting for country economy rather than breaking bitcoin and crypto currency are generating numerous amount of jobs in the market and providing  self employment

Some people said that it can help boost the economy of a country. Because it can lessen the unemployed rate of a country. So why other countries are banning it if it can really boost the economy of a country.

Bitcoin will only affect the economy of a country if it became a legal tender and use by majority of its merchants and citizens. But many governments are still reluctant to accept it because of its high volatility, rapid fluctuation and its being a decentralized virtual currency. The sudden drop of bitcoin may affect them financially and economically.

I think the bitcoin pushes every economy from the country that receives it. Because bitcoin is very beneficial when used by anyone if they understand how to get the benefits.

as long as bitcoin is not yet accepted in the country, then there is no chance for bitcoin to boost or break a countries economy but maybe it could help people to increase their income because they use bitcoin to make money.

I am absolutely confident that Bitcoin can only boost the economy. Really, I do not understand people that state: BTC can kill the economy of our country.

Bitcoin does really have the potential to help one's economy. But again, those bitcoiners are the ones to help the economy by contributing something.

I think bitcoin can boost the economy from a country. You see there are a lot of countrys who have a currency, which has just no value. So countrys with hyper inflation can of course profit from a cryptocurrency like bitcoin who is international accepted and has real value. But i dont think that a cryptocurrency can break any economy.

I think it will increase shop or store revenue and taxes from that store will go up as well and it will help the country to have a better income that will help itself to improve its system and economy.
Bitcoin can boost a country's economy because it will help people to earn money and people will use the money to spend on the things they want and profit from stores or stores people use to buy things.

There is no way that Bitcoin can break the economy of any country. Any country that cites this particular reason as why they are banning the currency doesn't have a clue to what they are talking about.

I think bitcoin can boost the economy of a country that receives bitcoin. Because I think bitcoin is very helpful to change the economy of people who use it.

I think that  if a crypto currency, will be avail in the country as an alternative to the country's main fiat money, then I guess  those crypto currency will be able to contribute to the country's economic growth, which is a good factor I believe. Let's take a look for example to Japan, where use of crypto currency gave an increase to the economy of the country of 0.3 percent for the lest year.

Yes bitcoin can boost economy of a country because  there are so many ways it has helped people in term of earning money.

If bitcoin or other crypto is widely accepted from your country it does contribute a lot to the economy because it is bringing money to your country making its economy better and prosperous. But before that happens you need a community whereas they are knowledgeable in crypto on its uses and its operation just the basics will do.

The amazing benefits of bitcoin and other cryptocurrencies can not be over-emphasized.It will be a boost to the economy of any country that has a positive tolerance for cryptos as crypto-currency based project can take roots in such countries. Governments may not have full control over it as they do with fiats but can benefit by way of taxation if the necessary modalities are in place and exchanges are closely monitored

I am not sure how bitcoin would destroy any individual, the governments around the world could control the flow of money in this market and they can monitor everything if they can come up with a regulation, i am not sure whether a market could help any economy when it comes to economic crisis, bitcoin provides a better solution as a payment solution and that is the biggest advantage of bitcoin.

Either way, when you use your money that you earned from Bitcoin you are helping few points on your country's economy since you are letting your purchased be tax and this tax will go to your government funds for developments projects like road,. School, community building... It helps. The economy not causing it to break out or something.

If I think this bitcoin will be able to improve the economy of a country because of the existence of bitcoin people are able to earn a considerable amount of bounty Bounty available in the forum and for those who have the capital can trade and mining, and the country can take tax from the bitcoiners will thus increase the income of the country.

Bitcoin will certainly increase the economy of a country. Because there are some people who become bitcoin as their job and can help the economy of each individual. So bitcoin certainly helps also in handling the economy of a country. That's just my opinion only and there are still many important aspects in this regard.

I believe that it can boost economy of the country thats why pacquiao are also planning to have his own coins to be establish.

Much of the concern about bitcoin is about its threat to the French currency. However, at present, it is difficult for bitcoin to become a daily payment currency due to the constraints of transaction throughput, scalability and other factors.

However, with the continuous development of technology and the constant friction between digital currency and the existing economic system, digital currency is likely to play a role in the global monetary system. The advantages of digital currencies will increase the volume and efficiency of global financial activity.

I believe bitcoin can boost a economy of a country.why?simply because it bringing money to our country.because it applies the qualitative effects of variables that changes supply and demand,and increase the income of every individual.

It really depends on where the country focusntheir riches. If it is goods and services then crypto currencies can help tremendously in economics since crypto currencies create wealth andd such wealth could be injected whitin the country and actually rise up the government's influence over them

Nah, bitcoin is not a wealth injecting tools, instead, it's just like any other currency but transaferable without limitation, whether bitcoin could boost or break economy is heavily depends on the countries economical condition such as market capitalization, how strong the country local currency and many more. But the blockchain technology behind bitcoin could gives efficiency to many instituiton and country, and they are already started adapting this technology.

Many government and central banks ban bitcoin because they can not control bitcoin supply. As we know that central banks control the money supply and creating inflation. If bitcoin monetary system implemented, I am believe inflation on the country can reduced because central banks can not print money like they want and creating healthy growth

Apart from legal issues, acceptance by governments or large market fluctuations, I think that cryptocurrencies may have a more positive impact on the economy than negative ones. People investing are able to improve their financial situation by spending more money on different goods. In addition, blockchain technology will soon improve the operation of many branches of the economy.

I am sure that bitcoin won't break the economy but who knows I m not expert. It seems to be that it will boost it vice versa. However, time will show. with time we will see what happen to btc and how it will influence our lives, hope for the better

I think that with the presence of bitcoin can be an economic boost in a country, bitcoin offers things that benefit society and this can make the poverty rate in a country will decrease but some countries still see bitcoin in one eye unnoticed bitcoin can bring change.

for me I believe that bitcoin can boost the economy of any countries now especially the poor countries, it will boost their economics because bitcoin will help to reduce the unemployment rate and the bitcoin has many benefit in our society.

Bitcoin can boost economy of any countries and I believe that bitcoin won't break their economics but instead it will boost their economy because it will help peoples to earn their own profits even though they don't have job, and the bitcoin has so many benefits in society.

Not a extend of boosting, but could easily help those primarily focus on tourism, EU are calling crypto for not being a significant treat for economy, it could faciliate money laundering and such but harmful to a country's economy, you still buy bread with your fiat money though

Bitcoin aure can help the economic state of a country, thus, if the government adopts cryptocurrency as part of their economy it could also bring chaos to its country. Having cryptocurrency is like a double edged sword that could help and hurt one countries economy, and the part that makes it harder is that, cryptocurrency cannot be controlled.

I dont think bitcoin can boost countries economy because if it does help why theres a lot of countries banning it and even our country it doesnt totally banned bitcoin but it doesnt support bitcoin as well.Yes we as individual get a good benefits through bitcoin but as a whole in all over one nation I think its not good because there are lots of establishment that will step down and may affect economic growth.

That depends if that country decides to put regulations into it. If they wont even tax it then that alternative currency might destroy their economy if the citizens decides to use it more than their own monetary currency. Fiat and virtual currency could coexist if it has proper regulations and balanced so it wont contradict each other, virtual currency could be an asset instead of a threat.

Bitcoin is a boon for many jobless people by which they can earn to lead their life, if bitcoin is given official status then certainly bitcoin can boast the economy of the country, suppose if bitcoin is unofficial still people uses bitcoin means it can break the economy of the country.

I guess almost everyobe agrees that crypto currency helps the economy my by actually pumping in more money into the system by means of exchanges of goods and services. It actually allows consumers to buy more products in their country and abroad. With that it strengthens the economy and government itself get something fron the taxes from the goods.

Definitely boost. The reason why bitcoin is hated by governments isn't because of effects on the economy, it's because of the control aspect. Many could dramatically increase their financial situations and it might even have a positive effect on unemployed which in turn could have a positive effect on crime rates.

They can’t control the supply also they feel very insecure by having this currency in their accounts by this is something that really don’t have any existence and is volatile which means it can soon fade away like it was never existing and if that would happen with these institutes, I think they simply can’t bare the loss they will have to face. Inflation would be reduced but implementing it would take a lot of time

My opinion on this topic is as follows. Bitcoin in a priori can not be controlled and it must be anonymous. Countries and governments do not know the tools and ways to regulate bitcoin wallets and transactions with them. It is for this reason that many countries do not take any action. And others who accept this circumstance, legalize the cryptocurrency. For example, Belarus, Switzerland, Netherlands, Japan etc. Many countries think to create his own cryptocurrency and equate it to bitcoin or local currency. It is difficult to say what this will lead to. But if at least one country equates a crypto coin with 1 gram of gold or a diamond carat, then perhaps the economy of such a country will necessarily go up.

I think the two situations could both happen. It can either make a country do so much progress while it could also create an effect to the economy of another country.

Naturally, with Bitcoin, the economy of the countries will be improved only. More people that earn good money and ready to spend it will appear. I am sure that it is not wise at all to ban the cryptocurrency.

Bitcoin is not a threat, but a magical tool that changes the economy for the better. Bitcoin will not destroy the economy, it will transform it into something new.

For me bitcoin boost the economy of a country. Because he make money come in a country. If more money will come in a country the more economy grow.

I think government are genuinely scared of the possibility of losing their relevance. One of the economic tool at government disposal is monetary control with a globally secured and anonymous cryptocurrency, government influence would not only diminish but even vanish completely.

I would say, that it depends on the people, who would sit in the government, some of them can regulate bitcoin the way, it will boost bitcoin.

bitcoin is definitely economy booster nt a destory for sure in positive sense bitcoin can take part major crunch in any country economy

I do not see bitcoin breaks the economy of a country, but I see that it may or might booster countries economy because the platforms that are related to bitcoin can give good benefits to everybody and I experienced that , and the only weapons we have are hardwork and great patience and you will be rewarded, so the bitcoin technology will really bolster the economy of certain country and I believe that.

I think bitcoin can really boost our economy because bitcoin is a good source of porfit or income. It can lower the number of unemployment when bitcoin introduce to everyone meaning we can vanished poverty because people can really earn money in bitcoin easily thats why boosting economy using bitcoin can be a good idea.

For me yes , because bitcoin is very famous and powerful right now but the reason why government didn't accept it because they are not able to control bitcoin because bitcoin is an online investment ,and also there is no way to calculate bitcoin unlike taxes , taxes had a calculation so that government can control and balance it's country.

bitcoin like a firearm, it will be useful or dangerous depending on who holds it.
if the government set it well then bitcoin can boost the country's economy.

Think about Japan how they manage Bitcoin to boost up their economy and with the support of their government there people had enjoyed the benefits of the technology.
As for me Bitcoin can boost the economy as long as the they will provide good regulations to protect the investors from scam projects.

For one, the market cap of an alternative coin for a country would have to be insane. Just think of the US economy. And since anyone in the world could have it, that means that people in other countries would get rich of it. I just don't think that would work out.

I think bitcoin will not destroy a country's economy but bitcoin can greatly improve a country's economy.

bitcoin can really help a country, because every person who is crypto earns. just because the btc value is not stable so it is difficult to accept the btc government. it is still necessary to study thoroughly. Thanks ..

It can act as a positive or negative in either way if bitcoin is misuse by the people than it can definitely be a threat to the country and its economy if government cannot control it . Thus due to such reasons many govt is not making it legal as they fear it can be threat to them.

 

it seems that if the country knows how to play the right cryptocurrency and can know the right time to buy and sell bitcoin then it looks like the neagra can become rich but if the country does not have the skill it seems difficult to be able to earn wealth.

if it says can improve the economy of a country in my opinion can not, because bitcoin itself is not stable. if it's to improve the individual economy, I think it can.

The success rate of every country depends on how hardworking they are. If your country is not hardworking, there is no way they are achieving anything. And for a country to be hardworking and be able to achieve something, it all relies on the government of that particular country and what they are able to do. So same thing applies to Bitcoin, any country that invests much of their time in being hardworking in Bitcoin and also by investing their money, they will be the ones to achieve more success from it.

With Blockchain technology, Bitcoin can have a positive or negative impact on the world economy. Bitcoin is safe, secure and fast. So Bitcoin is too good to use in commercial transactions for now and for the future. Bitcoin also contributes to increase laborers' incomes and reduce unemployment. That's the positive thing for Bitcoin for the economy. But the Bitcoin transaction will cause the state to lose a certain amount of tax money. But this will not destroy the economy.

All that matters is how much that is going in and out of the country. If there is much money coming in to the country through Bitcoin, then it will boost the country’s economy, but if it’s the opposite, then we have nothing else than breaking of the country’s economy. Another thing is where these whales are mostly located (I said whales because they are the ones that keeps on pumping and dumping the price) if they are located mostly in the U.S, then that country will gain much from it.

I think it is very hard to see that the crypto market is in a bear market in the long term, the market is falling by more than 60%, the market is falling sharply throughout the first months of 2018, So you can not expect much in bitcoin to change the economy. The crypto market is slowly falling into recession and bitcoin prices are constantly decreasing and the price of altcoin drops.

bitcoin destroys the state economy is certainly wrong. But bitcoin has helped the economies of different countries to improve their economies, as there are many countries whose economies are increasing rapidly thanks to the help of bitcoin

I don't think there is any effect on bitcoin and economic standing of a country. Take china and japan for example. Japan is all out support for bitcoin. They are up there even before bitcoin. China on the other hand are so against bitcoin to the point of banning it. They have worked their way from nothing to where they are now even before bitcoin. So i don't think there is any correlation between bitcoina nd economy.

I never find any reason that bitcoin will break the growth of the country. Long back itself it is suggested by financial experts as an asset to grow the economy of the country. Even analysts suggested it as a source for Zimbabwe when it experienced hard economic crisis. Upon which based on the acceptance from government bitcoin will help develop the economy.

I think it depends on the people who would be in charge of government, they can either boost or break the economic system with cryptos

I think it would boost the economy by actually encouraging the public to buy more because they have the capacity to pay. This in turn procudes more taxes for the country and more circulation of wealth. That is actually good news for the economy of that country. It won't actually kill the economy contrary to what people say. Because technically, it's like money you earn off of the stock market.

For now, government of country needs to be very careful with bitcoin. It is much easier for them to ban bitcoin, than to deal with it properly. I think tax system will help them to do their best.

Many countries are actually scared of adopting bitcoin as it can act as a direct threat to devalue their currency and essentially worsen their economy, however, bitcoin is purely democratic currency so of the people see value in the nation fiat money, bitcoin will be of no use.

South Korea had allowed the circulation bitcoin this economy a few months ago and astonishingly the quarterly reports of the companies in the capitalist regimen have mostly shown profits who have adopted bitcoin  in their line of work this is because they have to pay fewer taxes and there is decreased chance of fraud,

If bitcoin is introduced as an alternative currency to the national money of the state, then the crypto currency has a positive impact on the economy of the country. So, for incomplete last year, this parallel circulation of the crypto currency in Japan added 0.3 percent to the gross income of the state. This year, the result should be even greater.

I am well aware that when a country is undergoing economic crises she seeks for financial help from international community so that she can have more cash injected into her economy and here Bitcoin serves as a deliberate means of injecting more fund to weak economies and adding more strength to already strong economies, yes it boost.

Naturally, countries or investors need certain skills to get involved. The only way to get involved is to make good profits. And the countries where the skills investors are not available and psychological hurry is unlikely to be effective.

If a country knows how to apply good blockchain technology, I believe it will boost the economy. And I believe with the blockchain technology, bitcoin will promote the economic development of a country.

I would say that it can both be an instrument to either break or build a country's economy. I say that because if many of the investors, including corporations and business entities themselves would invest but would not succeed, many of the economy-building and profit-providing factors would lose it's capacity and that can affect the country as a whole. However, if many of the cryptocurrency investors would make it big and be successful, it can help the country by adding revenue, and therefore taxes directly or indirectly, which could be a building factor.

If you handle the bitcoin correctly, it can boost the economy of the country. This, for example, occurred in Japan, where the economy because of the recognition of bitcoin as a payment instrument increased by 0.3 percent. However, if bitcoin is recognized as the only means of payment in the state, in my opinion, because of its high volatility, it can unbalance the economy of any strong state. Therefore, bitcoin should be quashed as alternative money and then everything will be fine.

Bitcoin is known to be a volatile currency, price changes quickly every minute and it is easily affected by outside developments related to cryptocurrency or blockchain. It may give boost to economy if its price go up and reaches all-time highs. But government must also prepare for possible worst effect if bitcoin crashes down, it will surely the financial market and the economy.

It can boost a country in fact poor country really need bitcoinfpr them to have a bigger fund to support what their needed

Bitcoin in my opinion is not just a payment option like Paypal. It is much more than that. The bitcoin world is very vast and has got so much potential that needs to be unleashed. So if the countries take a step ahead in this direction, and come forward to harness the technology behind the crypto, they are definitely going to be benefited by this. Bitcoin is a very profitable investment option, like no other! People these days are much aware and understand where to invest their hard earned bucks. It is only the governments who are posing a hurdle in the way of their citizens to reap advantages of the crypto world. While on one hand, some countries have accepted bitcoin, but on the other hand some countries aren't really ready to appreciate its value, and that is the sad part!!

Setahu ane bitcoin ...bukankah membantu ekonomi masjarakat yg memang mengerti 💰 digital atau criptoccurency.. ane belum pernah tau kalau ada negara yg di rugikan oleh bitcoin.. berkata jujurlah ane punya banyak kenalan yg memang merasakan kemudahan dalam bekerja di forum ini.

That is what the government has to do, they can take advantage of the development of bitcoin that is there to make a profit, it is very easy for the government to create a system where they can ask their users for tax or tax for local exchanges in their country, so that it will help the country's economy

It will do more good than harm. The thing is that it is already doing a great job in developed countries. Many people are making money with it. Many new millionaires have appeared. Schools and universities in some countries are hiring bitcoin educators. Platforms are being created for exchange. Engineers are working to create operational systems to support the whole thing. As you can see, more jobs are being created thanks to this new financial option. Crypto can do lots of good things in a country. We just need to adapt it to our daily needs and see how to benefit from it.

cryptocurrency can become another payment method, it is not necessary to replace all types of payment systems. therefore, we observe how this technology develops

They are afraid if people have turned to bitcoin then the traditional banks will not be used, and no more tax collection. So that the state does not get money coming from the community. That is my opinion. sorry if I'm wrong.

Bitcoin can boost the Economy of a Country. Imagine a Country with no Homeless people. Everyone has income because of Bitcoin. even an uneducated person can use Bitcoin. That Country's economy will surely grow and improve.

For now, crypto can only affect individuals and small groups but has not been able to change the economy of a country, but I am sure that in the future crypto will be accepted by everyone and the country will simplify crypto regulations.

Cryptocurrency can increase the economy of the state a little if it is used along with the national money of the state. To destroy the economy of the state cryptocurrency can not in any case. It can unregulate the economy of the state if the government makes a rash decision to switch to cryptocurrency instead of its national money, which cannot be practiced.

Bitcoin and other cryptocurrency affect the growth or imbalance of the state economy. When in April 2017, Japan recognized cryptocurrency as a means of payment. until the end of this year, the cryptocurrency gave an increase in the gross domestic product of the country by 0.6 percent. In addition, there was a general increase in the wealth of the citizens of this country. This happens when the cryptocurrency runs in parallel with the national money of the state. However, if the cryptocurrency is recognized as the main currency of the state, which I think will never be, then it can quickly unbalance the economy of any state.

Indeed this was blasting increase in the financial economy of Japan as still so many countries admire it. In my place long ago people were suffering unemployment as I personally was so worried for not having any proper way to earn money but now thanks to bitcoin as it has given me all those things I was only dreaming for the same way it improves the country's economy as a whole

just like me, with the existence of bitcoin we can improve the standard of living of the personal economy. if done simultaneously it can improve the economy nationally, especially for those who know bitcoin before 2017, like Japan, I think that too

It can be a miracle for citizens of such countries as Venezuela or Zimbabwe, where national currencies are in fact worth less than the paper they are made of.

in my opinion everything can happen because we know the good and bad results of bitcoin depend on the intention and purpose of investors in investing with crypto currency itself if of course bad intentions do get bad results of course

One of the concerns of governments about bitcoin and its accompnied blockchain technology is the effect of this on the economy. We know that bitcoin uses a decentralized system that the government is having a hard time to trace every transaction. If that is the case, it might have a negative impact on it. The government will just like blind folded in running the economy. Hoping that in the future, developers will be able to think of coded procedures to address this issue.

Agreed, but when it comes to tracing of the transactions it'll be more easier than that of the present economic system. Through blockchain each and every transaction will be transparent, and when everything happens through blockchain automatically the corruption gets eliminated. From my opinion, there are chances that governments around the world opposing blockchain for the same reason.

for me bitcoin can also help the economy of a country and also a good way to be used by our people every day is also a good way to get profits, and also can help people who have not got a permanent job.

for now, it might be an opportunity for any country to use bitcoin, at a price that is still affordable, it is expected that if many countries legalize it, then the state that first legalizes it, the people can avoid prosperity

If government regulating bitcoin as payment in merchant, i think it can boost tourism sector. Tourist must be prefer carrying bitcoin because its more safe and more secure rather than carrying a lot paper money. I think bitcoin can increasing retail consumption too.

It will definitely boost the country's economy and also create a huge employment as many people would be self sufficient and create something around the crypto current and will help country to grow and create a new employment i this field. Their are many other advantages as well of crypto.

It will certainly boost because bitcoin is a good tech, with blockchain we can make jobs easy and everything will be transparent.
One example is on sending money, with blockchain, you can send in seconds and the rate is very affordable but in traditional way of sending money, you need to pass to their system and payment is not cheap, also transactions can be reverse unlike in bitcoin is non-reversal, so it's anti fraud.

A country must legalized bitcoin first and use it as one of their legal tender to have an effect on their national economy. If bitcoin is used by the majority of the people, it will have an effects on the economy because they will be using the coins in many different of transactions and mostly online. The country's economy will also get benefits from any bitcoin bullrun just like economic boom but there is a big possibility that a bitcoin crash can also affect the overall economy.

It depends on how a country and its countrymen are working. If a country used bitcoin for gaining or as an advantage then it is good. Wasting bitcoin is similar to wasting money and this may just have the same impact as wasting the real money you have. The question you have is both answerable by yes or no.

Actually, I don't know much about the economy of the country, but I am sure it will boost personal finances because of the crypto especially bitcoin. We know that bitcoin can give us a big profit from the up and down of the price so we can make more and more money. But I think if someone financial can increase, and it will impact to the other people, I think the economy of the country will also get an increase too because they can make money from bitcoin and it means, they can solve the poverty problem.

- What you say just rumors and dreams, and the fact that Bitcoin does not help the economy of a country, and not everyone can make money with it, making money through it is not a path that we can go easily, I believe everyone here knows this. Bitcoin only promotes the economy of individuals who are capable of working with it, with the economy of a country, it is just an underground disaster because when bitcoin grows over time, many people will give up their main jobs and join Bitcoin, scammers will take advantage of that to steal money from new people, the economy of a country will be affected by the absence of human resources

I think that cryptocurrency is a very unpredictable thing for the economy. All attempts to predict the outcome of the introduction of Bitcoin in everyday life will only lead to speculation. Nobody knows how Bitcoin will affect the economy. My assumption that Bitcoin will reduce the circulation of money in national currencies, thereby weakening the influence of governments in the economic sphere.

Its a big yes for me mate, why? using blockchain technology it can help a big factor especially if the government of each country will adopt it. Particularly, to those all corrupt politicians in the government. Using this technology for sure 100% there will be having a good transparency to all fellow citizens. 

Bitcoin in my point of view, will help boost the economy of a country and also boost its efficiency. Bitcoin is a digital currency as we all know. This means that if a country adapts it, they are updated to the currrent technology.

Only at my place there are hundreds of people who are using bitcoin as a job and there are allot to companies who buys and sells with bitcoin payment. According to research economical state of many countries has become so good just after adopting bitcoin.  Its providing job opportunities and also saved futures of our generations.

In my own opinion,the effect of bitcoin in every country is depends on how the community accept and used it. In my country,i believe bitcoin helped a lot and it also help to boast our economy. It gives a lot of opportunity to many people here without job and income. It help also develope the economic growth of our country.

Thats right. because the reality that we see is that bitcoin provides many benefits. starting from financial benefits to users.
advantages of efficiency and flexibility in payment methods. of course it will make the economy better

Neither of the two, because it not linked to any one. Bitcoin is on its own and not owned or controlled by anything. The price is just speculation and manipulation. If there is any country that owns it, I would have said it will be of good to their economy due to it will bring profits. But since it is not owned by anyone of them, then it doesn’t have any effect on any country’s economy.

 I think the government is afraid of bitcoin because it is a money transfer tool that anyone can use and it is completely anonymous. In addition, the crypto market is a decentralized market and the government cannot control a market where there are many people from participating countries. I think that is the biggest barrier.

So far, I have observed, bitcoin has not had a significant impact on the economy, because bitcoin has not been recognized by the government. but if that happens, it also seems like it won't have a big effect, because it's the same as other currencies, it's just that bitcoin is more volatile and the difference between profit and loss can be balanced.

many people consider bitcoin transactions easier than banks in general, and the flow of transactions is not tracked by the government. many people will like this and will continue to grow, of course the economy will increase. But the increase in human resources occurring in crypto will be worrying if without regulation, this will lead to economic destruction due to potential inflation.

Nope. I think the effect is not unpredictable, even you get financial benefits from bitcoin right? from a small example, an investor must have the opportunity to profit, if the amount of users is large it will certainly affect the country's economy right?

National currency still needed and the effect of bitcoin to national economic not too big compare with money circulation. Bitcoin market cap value below $100billions and compare with wall street market value, its not more than 1%. I dont think bitcoin will break world economic

this can also happen, if the circulation of bitcoin is getting bigger, of course there will be a decrease in the circulation of fiat currency. hence from that there are still many countries that have not been able to receive it as a currency

I believe that it can boost a countries economy if government can handle it properly. Bitcoin can changes the people lifestyle. A man get rich mean he helps to raise his countries economy. Isn't it?

maybe the government is afraid of the negative effects of bitcoin such as money laundering, for example, especially now that the level of corruption is higher and the government has the duty of controlling and regulating, besides each of their decisions adheres to the applicable law, they will indeed be firm if bitcoin became a currency and used as a daily transaction tool to replace fiat because it might increase the inflation rate and it was clear that it violated the law but what I know now is that many countries recognize and accept bitcoin even though it is an investment asset, so I don't think the government doesn't understand or rejecting the advancement of technology and bitcoin, but they only want to maintain economic stability by holding on to existing laws, even though the law should be more flexible and the government must be open and responsive to new things, especially blockchain and bitcoin technology

Yes that’s true, if onething is improved you can expect the other thing to follow. Bitcoin can help the economy but the government still don’t want to adopt, maybe because they are not yet donr abouy their own research.

- I can say that the government knows about bitcoin from the early stages, they have researched bitcoin perhaps very carefully but they still don't want to accept bitcoin because why do they need to accept bitcoin when bitcoin only improves the economy of some people, some individuals in a huge group. That is too obvious, some individuals are unable to change a country's economy, even bitcoin creates a lot of problems in management, the government does not need to accept a nuisance like bitcoin, the change in the economy is in need of other strategies

When a country is undergoing an economic recession one of the options that country has is to go and borrow money may be from {IMF}international monetary fund which attracts a heavy interest but here bitcoin injects more fund into a countries economy without interest so it will definitely boost a countries economy.

I can also say that bitcoin can boost the economy in the country because bitcoin for me does not bring poverty to the country, though it helps economists especially those who are confident of bitcoin crypto. because only one bitcoin wants but to help those who need sideline job, for me the bitcoin will not break the economy.

It is difficult to determine what can happen, everything depends on the type of economy that the nation is in, so far no country has adopted a cryptocurrency, it is a very big risk, because in case the currency increases its value, there are many that have thousands and Millions of Bitcoin, can lower the price quickly and could collapse a good amount of money in seconds.

Normally Economists do not recommend cryptocurrencies or Bitcoin, some claim that it is a bubble (which does not apply), but for them if, because it does not represent a safe investment, it has no support or liquidity. In a nation, they prefer safe policies that give results and have more reliability.

The financial markets of this world are filled with a variety of investment tools, ranging from low risk to high risk investments. We cannot say that high risk investments should not be allowed, because traders needs protection from their governments against big losses. <You decided on your own to take the risk>

Governments can regulate the investment tools, to make sure that the investment tool gives equal opportunity for everyone to make profits and that the system is not rigged in favour of a few rich individuals. <Like it is now>  ::)

Kakmakr you answered on your own question here in last sentence. 'Like it`s now`, we dont have fair system where investment tools gives equal opportunity for everyone, that needs to be changed. In that process some will lose, I hope people who run this system and many people who works for them, and majority will gain. Bitcoin can improve, to make things faster and in many ways cheaper, not only bitcoin we need to have in mind other cryptocurrencies, platforms, its an ecosystem. We will not need tons of papers, administration that tells us to wait for days and months for some silly verification.

with the advantages of bitcoin, of course this technological development can facilitate human activities so that it is more effective and efficient. I think the superiority of bitcoin is expected to improve the economy of a country, not even destroy it. of course that applies to countries that are truly ready

Bitcoin is one of the virtual currencies, in the form of digital assets that have many advantages over ordinary currencies,
Example: low transaction fees and free are also anonymous. since the birth of bitcoin can expand in the economy both the mining process, exchange etc.
Even though bitcoin is just one type of virtural currency, but there are many that make the world community increase the economy either real or not real, which is clear that bitcoin can boost the world economy, overall.

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount.

The experience of Japan shows that the use of cryptocurrency by citizens can give an increase to the gross product of the country. That is, if the cryptocurrency is used along with the national money of the states, then this has a positive effect on the economy of the state.
If Bitcoin or another decentralized cryptocurrency will exist as the main currency of the state, then it can disrupt the economy of this state. However, to destroy the economy of the state cryptocurrency can not.

There have been many countries that have become examples that the use of cryptocurrency can increase the country's economy provided that the state can provide appropriate regulations or policies on the use of cryptocurrency. Crypto is not a threat to a country's currency because crypto was created not for that matter, instead crypto is present to provide solutions to the economic problems that are occurring.

Tax evasion happens eliminating the earnings to the governments. But when there is good volume of fiat into circulation through crypto, it'll contribute to more business opportunities. If governments make a clear plan and adopt its usage it is truly good to the economy of the country. In short from my view about bitcoin on a country's economy is one who adopts at the earliest benefits big.

Its already happening just so you know  , maybe you arent aware that that alot of countries and governments are now already legalizing the use of cryptos  ? And when it comes to tax , crypto users are not evading the tax because we are actually paying a tax . didnt  you notice that we are being charge by a fees when we created  a transaction ?   Aside from tx fees , you are also being charged when you convert or cash out your cryptos to fiats using a wallet/exchange  .

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

I think not all of the countries can support it nor legalize it.

The minds of the government of different countries are different from each other. Some want to legalize Bitcoin, they have their reasons and a lot of people are happy with that. But some don't want to do anything with Bitcoin, they also have their reasons and I know a lot of people in their country are disappointed with that but we just need to respect their decisions. It is not that it can't break a country's economy, it's just that they maybe are afraid of the decentralization and anonymity of Bitcoin and other cryptocurrencies.

decentralization is something new, so many people are unfamiliar, I think it's natural to react like this. while the government certainly has to think of the majority of the population, for example my country and Japan, of course human resources are different

Even if a country has more people using bitcoin, the economy of that country still will not improve because as I see, no one can claim they will be able to continuously make a profit from this market when the market is always like waves at sea, constantly changing and having different fluctuations, and that often makes many people unable to promptly adapt and lead to losses, so it is difficult to make the economies of countries better with crypto and bitcoin

Bitcoin can become a savior for those people, who live in the poorest countries with an awful depressed economy. If they hold BTC they will not lose; they will be losers when they deal with their national currencies.

The use of bitcoin in my opinion will increase the economy of the countries that use it, because it facilitates financial transactions which will certainly have an impact on the smooth distribution of goods to the public.
The state is obliged to monitor bitcoin to maintain financial stability by issuing regulations aimed at exploiting the existence of bitcoin for the purpose of increasing state revenues.

but several community groups in various countries use and maximize crypto for their financial benefits. of course that is possible to boost country economy, but the magnitude of the influence and boost certainly depends on the number of investors in that country

For now bitcoin can't make any impact for country economy directly but it only improve individual financial condition so it can only indirectly and slightly increase country economy. Bitcoin can give bigger impact if there are many people who use it in a country such as china. There are so many bitcoin holder in china and it seems that the government try to reduce the usage of cryptocurrency in china by create some bad regulations for cryptocurrency, the government afraid that the wealth will move outside of china because bitcoin transactions has no restrictions, it can be send to anywhere.

One of the goals created by Bitcoin is to drive the global economy. We can see all the systems implemented by Bitcoin, all the systems are a system that simplifies, accelerates, so that all of them become all-patient, but some governments are afraid to legalize Bittcoin because of the fluctuating price.

If used in a right way, crypto-currency can go a long way in helping the economy of a particular country. Examples are Japan and Singapore, where the legalization of crypto resulted in the creation of additional jobs and an increase in the tax revenue. But in countries where the national currency is heavily manipulated (such as China), the impact can be more mixed.

yes it is an important topic what are the possibilities are available for the Bitcoin to make the changes but how the government handle it using their knowledge by legalizing it with a proper regulation then it will be definitely gainful for the economy to create the success and the development only.

Most of the chances is always there for the development only because we are know cryptocurrencies like developing suddenly so I think the positive things are always hiring this so it can be developed only.

both are the things are involved in Bitcoin so we cannot marry a conclusion by seeing the only side positivity it also have some activities when it involved with the economic situation of any country

the development of Bitcoin will not make any changes in the normal economy because the connections between Bitcoin and the economy is nothing so if the government will take the chances to make it legally approved in their country then there possibility of Ghost or Break is available.

Bitcoin can boost a economy country in my opinion, let say someone buy bitcoin when price was under 500$ and sell it now for over 5000$ and they will buy things with money, and VAT go on country economy and this can only help, if people have money they will boost economy countries, but if in a country are a lot of poor people that economy is not good.

If the cryptocurrency will be used in the states as an alternative along with its national currency, this can increase the level of development of the economy of such a state. So, in principle, it should happen. States will never refuse to use their national money in order to switch to the use of cryptocurrency. Only If they are they do, then the economy of any state is quickly unbalanced, because the cryptocurrency exists by itself and does not interact with the economy of any state.

Well, agree that the case you say will mean that bitcoin can boost the economy of a country when it brings a huge profit to its participants but you are only looking at one direction of the problem, you forget that someone earns from bitcoin, someone may lose. In addition, profit with bitcoin is not an easy thing, the case that you say is just one of the luckiest cases that can happen, most of the remaining cases will be lost money or not earn anything, since then, the economy of a country almost balanced, Bitcoin will not have too much impact on the economy of the country

I do not think that Bitcoin or any other cryptocurrency can bring harm to the economy. It can only boost it. The blockchain technologies, which use crypto have been doing it already.

Clearly, it is certain that bitcoin will be profitable if a country gives permission to be accepted as a recognized medium of exchange. but in some parts of the country it may not be ready to accept it as a medium of exchange because the infrastructure has not been neatly arranged. not yet with the misuse of fiat money from bitcoin buying crimes and it is difficult to track because of this infrastructure. so many considerations must be taken by the state to accept that the country itself is not ready.

It depends on how the authority handle the flow of cryptocurrency in their country. As we know, economy of a country depends on how the government manage their investments and I think they would not gamble their economy on a more volatile investment.

The technology is barely new, and it is already making waves globally. Once most governments understand that blockchain aims to change the monopolization that is currently plaguing majority of our monetary systems and reduce operation costs, then they will be more receptive of the technology, and this definitely will boost our economy. The transparency, security, immutability, swiftness and decentralized nature of the technology are what the world needs.

Bitcoin is a threat to them because they know that they cannot control it,  had it been that they can control it they won't be ignoring the huge advantages behind the technology of bitcoin

That is why they are trying all means to get bitcoin banned,  but they still not succeeding in banning it,  all because they can't control bitcoin

It is supposed to boost the economy, but many countries still do not know how to use it for their benefit. Take, for example, Venezuela with its worst inflation. The other day, the President of Venezuela has ordered that his favorite cryptocurrency, Petro, be used to finance the current state-sponsored social housing initiative. Although this token is under the USA sanctions, it can work, he is sure.

supposed ? but bitcoin has alot of uses and its still up to the people if what use they prefer because not all people have the same preference  .  it can boost if it used on a good way like for example when avoiding the lines for paying or buying but instead people can use bitcoins to transact in thier daily lives  .

i heard this country is going on a financial crisis  .  bitcoin and cryptos should be a big help with  them but how can you say that they dont know how to use it ?

Bitcoin can boast countries economy especially in a way of earning money, this will gonna break every person's economy and also it depends on how the government manage their countries economy.

  I think the government is not afraid of bitcoin. But because they don't want any other currency that can change their country's economy. In fact, cryptocurrencies are a free type of money and no one can control them. So the women themselves will not benefit when their people use crypto. Because we don't have to pay taxes when dealing with the government

Lately, people are talking about bitcoin a lot about its profitability every year. They believe that the halving event will bring wealth to everyone if simultaneously investing in bitcoin.
But as I see it, when the value of bitcoin reaches the threshold and cannot continue to increase anymore, then manipulating organizations will start selling their bitcoins as much as possible. like happening at the bitcoin stage from $ 13k -> $ 9k5 in just 3 days.
Therefore, if this force still exists much in the crypto market, investing in bitcoin is still very risky and it can not bring wealth as people often say.

well, it is hardly the halving is the case and the reason to huge price fluctuation of the bitcoin, as far as I can see...
because, for example, last year bitcoin dropped more then 5 times and there were no halving..
huge shade whales of cryptoworld and their actions - they are the reasons of rapid price change of btc, that is my opinion..

Perhaps, there are other countries government so scared of bitcoin. Because they don't see the good side of it, but here in my country approved more than 48 exchange that bitcoin accepted and some crypto too. In this way I saw that our government here won't approve it if they know that it can't help to our economy, but why they approved it, therefore they knew it can give a good result in the economy of the government
we had it now.

Countries where the economy is heavily manipulated by the government will be less willing to allow the usage of cryptocurrency. China is a perfect example for this. The Chinese economy is heavily rigged, and the stocks are overpriced by a factor of 2 or 3 times when compared to the same in the neighboring nations. On the other hand, countries with strong and healthy economies (Japan, Switzerland.etc) are more tolerant about Bitcoin.

On the contrary, they are afraid of Bitcoin.
Because most states are integrated into capitalist economies. And the most powerful source of income of these economies banks. Bitcoin completely eliminates the functions of banks. It destroys their high commission rates, bureaucracies, exploitation of people.
Un-exploited workers mean the destruction of multi-millionaires, bureaucrats.

Bitcoin is a game changer, banks thought they were impossible to replace and they're finding out that is not the case and they are angry about it, it is obvious that when a new technology appears that is as powerful as bitcoin there are going to be winners and there are going to be losers as well and all of those people that are powerful do not really want to give that power away and they will do everything they can to resist the bitcoin revolution.

Bitcoin will not break any country's economy because bitcoin will actually help them to maintain a certain amount of their money since bitcoin holds its value and it doesn't lose value since it has a limited amount of supply. Bitcoin will also help them by giving them an idea on why it is good to have a blockchain technology in almost all the things because of the security and convenience.

I don't know that they are. I think governments are quite constrained in what they can do. We live in a global economy, every nation is tethered to every other nation, there are no isolated economies. The world is dominated by multinational companies. The financial crisis of 2008 had an effect on every economy because they are all linked. If the US crashes, Europe doesn't escape unscathed, neither des China, Russia, Japan, and so on.

So bitcoin is global and borderless just as multinationals are global and borderless. The difference with crypto is that its decentralised. You don't have a few multi-billionaires deciding to skim off huge profits and let the rest of the world burn. Like it or not - and some people won't - bitcoin is a brake on the selfishness and rampant avarice of modern capitalism.

Bitcoin can boost the country's economy or it can break a country's economy, depending on how they manage their investment. If they try trading it or don't take care of it then they could lose a fortune. Alternatively, they could get hacked by different foreign nation and lose their investment money, which could cripple their economy.

I don't think that a country will try do some trading with bitcoin since they are just diversifying their money into different investment. For sure, they will just store their money in bitcoin and keep them at a safe place and the government or a country is not a dumb to get hacked so they will probably store it in a hardware wallet.

Bitcoin is not meant to break the economy of any country but rather to help raise the economic status of a country as it gives the people financial freedom and independence. This financial freedom and independence is made possible through the decentralized nature of Bitcoin which grants the users the total control over their own transactions without any third party interruptions.

In my opinion, Bitcoin was created as a peer to peer payment tool based on network transparency so it is difficult to manipulate. If Bitcoin is used as a payment tool, I don't think it will disrupt the economy because a country must have its own currency and Bitcoin is only a complement to this digital age.

I disagree to this, if we used it as mode of payment the government will not get any data out of it, our GDP and GNP will not be affected if there's a massive use of cryptocurrency as mode of payment, I think if they regulate it then the cryptocurrency will not do any harm to the economy, but it will defeats the purpose of the bitcoin which is decentralization.

If all of us use bitcoin as a mode of payment and the government didn't regulated it. It will break the economy of the country.

Yeah it's true that it gives financial freedom and independence but how government will gain from it.

Most of us believe that Bitcoin will help the economy to become strong and stable like helping to reduce the unemployment which is the most common problem of all nation. Once the unemployment will reduced it will make the purchasing power of people to become strong making their economy to become strong too.The country of Valenzuela is in economic crisis now and they are Crypto supporter too in which we can observe if Bitcoin will help their economy or not.

But the Government will never want something that will not give them profits, there is a lot of corrupt politicians who are robbing the people's money secretly. Corrupt politicians are worst than a thief, the thief will rob you then run, and the corrupt politicians will run first before they rob something from you. I don't know if this will happen someday that the Government will adopt cryptocurrency and will make a cashless society, but if it is going to happen, then we are up for a great run and new start for new evolution.

Bitcoin Can not Boost or Break Country Economy!

Your question is not Logically correct!

maybe the government is worried if bitcoin is misused by its users because as we know bitcoin is very vulnerable to money laundering or very easy to use to hide money from proceeds of crime. besides that the government cannot guarantee if bitcoin is safe to be used as an investment asset

I think bitcoin can only boost the economy of a country. What I mean by that is bitcoin can help boost the economy through collecting tax from individual traders and companies as well and I see no way for bitcoin to break the economy of a country unless through looting by top government officials and that's not bitcoin, that's called corruption.  

Exactly if the same thing happens in the countries who have banned crypto will get benefitted. The government as well as their people's, well this will boost the countries economy too. Political parties have banned this digital currency for their good will. Government administrations need to understand that this is very unique and make this legal service to benefit their own people.

I disagree, bitcoin can boost the economy of a country by allowing people to transact more easily among themselves and when you add that the fees that you need to pay to make a transaction are lower than what you need to pay to a bank this could incentivize free trade in a country, however it can also cause problems especially to the government because as we know they cannot control bitcoin and it is likely that they would receive less taxes and as a result of this it will force them to reduce their size or to print more fiat to sustain the current size of the government.

Bitcoin can boost an economy. Maybe the reason why some countries are being careful about implementing it full acceptance is because of their use to the traditional system, and to regulate financial crime. Because, within the twinkle of an eye, criminals could cripple their economy. So we shouldn't rush such countries to adopt bitcoin because we should trade with caution. Every nation is sovereign and their decisions should be respected.

For one none of them. It cannot boost economies to a big level because everyone is afraid to make it an official currency as they still believe Bitcoin is being used more to crimes, drugs and illegal stuff which is not the case anymore. It cannot break the economy because its not being directly involved into the financial industries so for now Bitcoin has a grey area regarding this situation.

Using bitcoin could efficient for country manage their out come and income, but today many country hate and scare with bitcoin because they want to keep their people use money save it on the Bank. Government have power to allow or banned bitcoin as transaction payment in his country without have anything reason.

you said none but at the last part of your sentence you said it can break.  if a country is scared to use a crypto then they wont accept it  , which means it cant break or boost their economy.  the issue of bitcoin link to drugs and crimes are already over because we are now in the future and many country and people are now already accepted bitcoin because they see that bitcoin is doing good in terms of an asset and currency use .

It is very obvious. If the people decide to use a decentralized currency which is minted out by the Bitcoin miners rather than the one that is minted by the central bank, then the government will lose its control over its citizens. And this is not the only consequence. The government will not be able to take loans easily from the creditors, and it will be on back foot to fund various infrastructure and social projects. I would say that fiat currency is one of the most elaborate ponzi schemes ever invented by the humans. It keeps the individuals enslaved through a complex system of loans, debt, mortgage and taxation. And it has grown too big, that now a collapse of the fiat currency system will completely destroy the global economy.

The whole economy is built in the assumption that there is always going to be growth and that the economy will keep increasing in size and governments have found a way to sell that lie thanks to fiat, since they keep printing it without any consideration for the people this creates the illusion that the stock market is always going up but that is not true, if they were to lose control of the printing machine the economy will collapse immediately and that is what they fear the most since they do not want people to wake up and realize the huge lies they have been telling them.

I believe it can boost the economy. On its own, it won’t solve major issues in the countries economy of course. But combined with other tools, it could form an integral part of a new type of reserve currency.

Bitcoin itself can"t boost economies.However technology what is behind bitcoin can be used on various fields and will have positive on economies.There are estimates that next 10 years about 25% global GDP will be stored in blockchain. That  will increase in next years

it will further strengthen a country's economy, especially if done by a big country will have a good impact
the people want feel it, i know there are plans about that and hope there are no problems

It's the threat for the current system, simply cause this current system serves rich people, its a way for them to control masses and to make more money. I think with implementing crypto they will not be able to do that anymore, crypto is transparent.
It will be a problem for crypto to change this current economy, these people in power will not give up so easily, for centuries they have money from that, they have control, why would they give that to all the people (decentralisation) when they can continue to do the same? We must fight for better world, but for all the people, not just some of the people.

Maybe it's because of the fact that bitcoin is decentralized currency and it will always be no matter what. That just simply means that they can't have any control on it no matter what. They can atleast put some tax within the transactions happening on it and regulate the use of it that it will not take over all the monetary transactions that are currently existing. Actually we cannot really be certain that it will boost the economy but if a country would legalize the use of it and promote it, maybe we can really confirm that it will be a greay help for the improvement of a country's economy.

Why does transacting more easily among themselves make the economy better? More product and higher GDP is the only way economy becomes better, but of course if people cannot pay for services or cannot pay bills or cannot move money then the economy stalls.

But Bitcoin has not really done this. I love it and I see it one day as moving economies but this has only happened for a small section of people. Not yet to impact country economies for sure.

They fear what they don't know. Maybe it's because they have not looked at bitcoin deeper to what it can do. Or maybe, it's because the officials on the government doesn't want for people to discover the blockchain technology, which is a transparent ledger that can be used not only for currency, but also for document archives, etc. They're afraid of transparency since not all in the government are clean.

Bitcoin can break a countries economic because bitcoin not only could use as digital transaction but you can use bitcoin as your investment, when you get payment for every transaction using bitcoin keep holding for several day and you can get much profit if next days price growing up to the moon.

It could be a threat to government it can also break economy in a way that more and more people will convert their money to bitcoin, whereas bitcoin cannot be trace or it is too hard, also with cryptocurrency exchange you may send or convert bitcoin in another pair that you may use all over the world because it is a virtual that can be found in internet, this is the advantage of bitcoin that can break economy.

Excatly bitcoin could be boost or break a countries economic if they want give regulation for bitcoin as legal payment, why not give trial time for one or two months for bitcoin become legal transaction, looking how bitcoin can be push or break countries economic, if failed government could banned bitcoin but impossible can be failed.

All costs that you need to pay in terms of time and money to make a transaction are called friction costs, and it is easy to see how this can affect the economy, if there is a very high cost to make transactions then most people wont make them unless absolutely necessary, this drops the economic activity and it is bad to it, just look at the tax codes of most countries, an average person cannot have all the necessary knowledge to use it effectively so they pay an accountant to help them, however they are not using that money for something they could want so an artificial need for accountants was created by the governments slowing down the economy in the process.

If bitcoin is generating profit and it is helping people in living better life, it is then helping the economy of country to boost. When people are stable financially, they do business which ultimately generates profit and produces new job opportunities for people. Under such conditions, economy pumps and bitcoin can do that.

Of course bitcoin can improve the country's economy and for now only individually because it has not been fully authorized by the state or (Legal).
and what is feared by the state is that if everyone who uses bitcoin for any transaction such as fiat currency, then people who use fiat currency decrease, and those who keep money in the bank no longer trust the bank and many other reasons such as giving an opinion in here.