Bitcoin Forum

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.

Because the world economy has been basing it's value off of FIAT money for generations Bitcoin can absolutely help the economical condition off all communities. With FIAT you can  create fake debt, and that is what the Federal Reserve, a private organization, that controls the money supply of the USD exactly does, but with BTC no body owns the supply it is shared so you can build a solid economy this way.

I am not sure to get your point but:

We don't need and we don't want any government or national security for anything with Bitcoin. Bitcoin has been created to give us a freedom from governments and full control of our money, etc. It has not been created to allow the governments to fuck us more.

What kind of security are you hoping for? There are "criminal attacks" without Bitcoin and it doesn't reduce people to work online. Besides this, Bitcoin has not been created to "work online" It's a currency using cryptography, not a job center.

This is really very helpful in economic terms, if indeed the government wants to take part in this, the government must provide rules that are not complicated so as not to complicate the user. But most of the miners, many who do not agree to join the government in this case, because they think will be controlled by the government, reduce the freedom of its users.

Most countries rely on fiat money for their economic benefit. Only a few recognize cryptocurrencies as an asset. This is the reality. However, if more and more countries continue to adopt cryptocurrencies in a proper way ofcourse, it may help the economy to rise. We may or may not want the government to have control over this kind of stuff because there may be occurences that we won't like. They may put tax on it or make trading real-name (similar to what happened in Korea). There may still be negative stuffs and it will probably make a noise here.

in my opinion, yes. when many people used bitcoin and others, for transaction also for investment, it will increase the quality of life, with more confidence for next step to be succesfull and a government can get tax for every activity that use bitcoin/crypto

Definetly yes! bitcoin helps developing economical condition of every country,just like happen now in my country that belong in the third world,mostly people 75% is jobless but when bitcoin introduce in our country  many people embrace it and the percentage of jobless will lower down because people become entrepreneurs,and start there way own of living because of bitcoin,and because of this happen economy also affected become prosperous and growing,people developed also there way standard of living because of bitcoin,so therefore digital currency have a big contribution  for the progress of our economy.

In bitcoin, we cannot demand a strong support and security from government, because bitcoin is not actually control by government, it is a private business that made by a very mysterious person called Satoshi Nakamoto. Maybe your talking about security, it is all about the safety of all bitcoin users or bitcoin enthusiasts. For me, if we are victims of different criminal attacks or hackers, we cannot file a complain against them using government law. But I really agree your opinion about security system with the assistant of government and I hope it will happen soon.

I mean if you're going to make the claim that bitcoin is a currency, let alone a strong currency, you're of course going to have to be wrong. Bitcoin is an asset that is used at the moment, it's not a currency in the least nor are many people actually using it for the reason which it was built. Right now all the money which is in bitcoin is from investors trying to make a quick buck, institutional cash.

THis isn't people trying to change the world when it comes to the new currency, bitcoin isn't that anymore. It's changed.

I dont think government is needed to develop crypto, the government actually halt crypto to expand further, but now crypto is too famous to be ignored by thr government, so we only need government to not banned crypto, crypto currencies has helped so many people achieve the financial freedom and I think crypto can help to develop a better economic condition for a lot of people, a lot of sectors will implemented crypto and blockchain

With the growing bitcoin in all walks of life will quickly change the economic growth of the people. With taxes the government will earn income. It will have a positive impact on our economy. People who are familiar with bitcoin, their lives will get better. Bitcoin helps economic growth.

I do think that economical conditions can be improved by not just bitcoin but ,most importantly, by the help of the blockchain technology on which bitcoin is built.

Blockchain based system which focuses more on publicly verified transactions is already helping in the area of Insurance, Loan, Sending money internationally e.t.c

Another feature of the blockchain system, is the creation of smart contracts which enforces a transaction only if certain conditions are met.

Not sure. But I think we need the approval of the government for this currency to be successful. We can either go underground or just wait for the government to accept, legalize or regulate it.

You are right , all the economic development of the country depend upon the people of that country that how much they are developed by Thier earnings and how much they are satisfy to have Thier life happy with better amount of the earnings .
And no doubt that people are making lots of amount of the money from bitcoin and making economically more successful in Thier life and that is resulting into increase in the economy of the country .
So Ofcourse bitcoin is growing the economical condition to a better level of the countries where people are using at its best in their life .

I really like this kind of topic, bitcoin is own by a private business, and until now government has no power and authority to control, hoping that government will provide assistants and security for their people only who accessed bitcoin, without any taxes being collected. We knew already that bitcoin is a tax free and it is not legally endorse by government, but only one thing we ask is assistant's in government for people's goods only. 

Actually bitcoin are having a total big impact of economic contributions on different countries, and even bitcoin is a tax free but still the economic status and condition of a country will develop because of the total contributions to the people who used and accessed bitcoin as their business. Talking about security and safety, well it is a very good idea, but how can bitcoin ask assistant to the government if bitcoin is not connected to any government agencies? Hoping that someday it will come that bitcoin and government will have a final agreement for the security and safety of the operation.

I am also not understand what are you trying to say?

Bitcoin is a decentralized technology so it doesn't need approval from government or the organization,if you want you can use it.And government can nothing to do with the security of bitcoin because it is highly secured and not hackable only the users have to keep their coins safely from the thieves who are looking to stole our bitcoins.
But if the government accepts bitcoins then they have also benefited from it and their country citizens can increase their standard of living.

If only fiat money is not the majority's option in running the economy then yes, bitcoin can be an asset for larger economic benefits given that it is managed properly by the authorities. There are already a few countries adopting the use of cryptocurrency. The only problem with it is its volatility. Due to this feature of bitcoin, it still cannot replace fiat money. It is not made for buying groceries etc., it is meant for business. The government could make use of it in different applications but not a form of money that ordinary people can use for buying things. It is an investment.

It all depend on a countries situation, if a country is having an economic trouble just like Zimbabwe before, cryptosystem is a really big help to recover and develop a country. Bitcoin is just an aid and really nit the main mean of making a country grow. There countries that cant apply this idea, infact some countries does bot allow it because they see it as a threat.

I guess this is where most people are wrong. They mistaken bitcoin as some magical entity which would alleviate poverty and unemployment just because some people are getting money and jobs through it (indirectly). Unfortunately, even with this, poverty will still be present and people will still be unemployed because of the system. Bitcoin won't do anything or solve anything so long as the system isn't changed.

It may seems like possible in short term, but relying on bitcoin to stabilize a country is not proper, bitcoin price is very unstable the volatility is too high, if a country depend on bitcoin, the inflation and deflation will keep on happening, its not good way to run a country, with a proper system bitcoin could help a country to develop but the country should never depend on bitcoin too much

Completely agreed!
Judging economy through something that's not stable could cause a ruckus.
Overnight the country can fall below the status they had some moments before..
It's really something that's best measured in terms of gold or fiat.
In a sense we should understand that...
Economic condition is something that has prime importance and judging it through something super unstable could cause the downfall of the whole system.

yes I think that's it. with the existence of this bitcoin can improve the condition of the world economy. Why is that? because bitcoin can make people who have no income but can still earn money to fulfill their daily lives

Since bitcoins was introduced it has created lots of opportunities to the people. When unemployed becomes employed it lessen the percentage of unemployment in a country. Earnings from bitcoins could be invested in many other purposes thus creating more jobs and income. Though it is not recognized by the government, in some countries I think it has created a big impact to their economy.

Maybe if its legally accepted by the government but here in our place it is not yet. But for the people it really help develop their means of living. People who engage with bitcoin have the extra income to sustain the daily needs so from the basic commodities that they buy the tax from it will go to the government so maybe it is a help for the revenue of the government. Maybe now it doesn't have that big effect to the economy but maybe later on as bitcoin grows up and its users increases it gives big impact on the development of the economic condition of the country.

It seems you do not get the point of bitcoin, bitcoin is a way to get far away from those institutions the last thing we want is for them to try to protect us, and if they do you can be sure it is just a ploy to deceive bitcoin users into giving up their privacy and freedom.

If security is your concern i suggest you dont go out in the open flashing the content of your wallets. Surely if you do this then you are attracting criminals.
            To make it simpler, bitcoin would definitely have an impact in economy because it is profitable. Anybody who gains profit would uplift ways of living and imagine if a lot is into bitcoin, definitely it would somehow boost economy.

the whole economical is creating the money and no limit!
The more money you move in the market, the more it raises pricesIf you want to stabilize prices, we must create a market to attract excess market money! In order to promote economic growth! Create more and more new markets, the economy will grow faster!so,bitcoin/eth/somgthing else,is the market that grow the economy!

help from government or national security just a dream for people who live in the country who not support bitcoin. so far bitcoin can continue to grow without help from the government. of course bitcoin can develop economy but the government in my country do not think so.

By having a look at the bitcoin being involved in our lives , how much we are into it, how much we depend on it and how the acceptance or denial of it can affect our lives , all are the factors we have to keep in mind when want to make any decision about the bitcoin.

I think as bitcoin is totally into our lives, the governments needs to formulate a policy regarding so that a user of bitcoin will be sure about what he is dealing with. He will be sure that what he is dealing with is not something illegal or prohibited by the government.

it seems that all of us here have the same hopes and desires as you say, but still all will not be realized if the government still does not want to open their eyes to the world of crypto. even this could have a positive impact on the country's economy. governments tend to think of FIAT as primarily, but they themselves are confused about it.

For me bitcoin is a big help to our economical condition,  because of bitcoin some have started their own business.

For me; I think economical condituon can be developed by the help of bitcoin. Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning. So bitcoin can be a big help for this.

Its doesnt create a direct impact to rhe economy, but then the people who uses bitcoin inside the country are the one who had accepted the effects of bitcoin.Especially for those who arent able to have a job, bitcoin creates a way for them to create their own money.In that way, the life of people goes up and when time comes as well as the economy goes up too.

anyone cannot talk at length about what can trigger economic development except for government or economists. But the bottom line is, the economy is governed by the government, while bitcoin is not regulated by anyone, if bitcoin can make the economy better, it means we no longer need the government to regulate the economy and it can cause an imbalance from a country whose economy is not governed by his government.

Dependence on bitcoin will not boost the country's economy. High volatility and unstable fluctuations will destroy bitcoin-dependent states. Everyone needs a country's acceptance of bitcoin but the government does not have to make bitcoin a top choice over their local currency.

Bitcoin boost the net worth of an individual and with this we will have a better economic status in a specific country. Bitcoin also lessen the poverty rate of a country because when you invest to bitcoin you will have a good profit but there is also the fluctuations that you should look out. Maybe this is the reason of banning it because the lack of perspective value of the government of what can bitcoin give and the opportunity it might give to people.

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate.
Cryptocurrencies have led to the emergence of new markets. Currencies like Bitcoin and Ethereum have opened gates for a new kind of market which unlike present money market is controlled by no one. Cyberspace will rise up as the managing body that will handle and maintain such disruptive markets. The near zero transaction cost (along with other characteristics) has made these currencies even superior to the traditional money we are accustomed to using. What can be surely stated is that it is just the beginning and the number of possibilities is endless.

yes it is very possible because economic condition of many people are very porous that they cannot spend 1 dollar per day not for meal therefore it is very necessary that people are empowered by the power of bitcoin to change their financial capability

From fiat switch to virtual currency is a good idea but there are advantages and disadvantages. Once the country try this kind of system it should be founded strong enough with more back up in case of unnecessary things to happen. It is not so easy to do that preparation is a must before implementing the system. Actually it is great help if the country who try this will succeed. New history in the world of economic growth from fiat switch to virtual currency.

I believe that is not possible because otherwise, no one would have tried to banned it for they deemed it to be a threat. On the other hand, I believe if they impose taxes on it, it will help the economy of that country. And it all depends on how much the taxes are. People would find another way to make transactions without paying taxes, thus the solution is to ban bitcoin once and for all. But if the government itself uses bitcoin, then I think it will be a step into a good economical development.

I really believe that bitcoin can help us to develop our economical condition where I am believing that the real change is comes first to us. Of course if bitcoin makes us rich we are now able to pay taxes and we dont need to ask help in the government since we can now sustain our needs.

there is no fact that bitcoin really can affect a country's economy, there may be rich with bitcoin investment, but it's just an individual or an individual, maybe there are some companies that have enough ambition and profit like ripple who want to revolutionize economy, but it's very hard and takes a long time, I know that many cryptocurrencies are involved in fraud and dark business, but I do not dismiss the possibility that bitcoin can change the world economy someday

If between bitcoin and economic conditions are aligned or in accordance with existing regulations then bitcoin can help economic development. We just need to adjust the bitcoin to the existing rules in order to grow, if not in accordance with the rules it will be a lot of obstacles for the bitcoin itself to develop something.

The basic idea behind bitcoin is to have a financial sovereignty without the reach of the government, i really do not want any government to snoop into what wealth i am holding, the criminal attacks can be stopped if you are a little intelligent, never publicly brag yourself about your digital wealth, if not no one is going to know about it.

I myself find that true. Bitcoin has helped me tremendously. Spending in my life is more comfortable. Thus, bitcoin can support the country's economic development. Most investments in bitcoin are profitable.

First of all we don't need any government or central bank to monitor crypto, the first time crypto was born was also without any supervision from them, and it still perfectly fine and growth so well, and yes with the government maybe we can surpress the number of criminal, but it will be more effective if we educated and encourage people to used crypto for positive thing

Crypto will be very useful in the future if we can develop and used it properly it will help a lot of people and it can increase the country's economic, now we will see how the government's will decide the fate of crypto

You are part of government or maybe you work in government. I'll ask to you, what can the government do to keep cryptocurrency safe? unfortunately, they cannot have a finger in the pie the decentralization system. They can not do anything in the world of cryptocurrency, but the credibility of cryptocurrency as a safe place for everyone is us as a user. We maintain and provide positive effects on the development of cryptocurrency. And I think, with the presence of cryptocurrency I do not need government anymore.

I believe in both Bitcoin and the blockchain technology that has made it extremely valuable as a technology. I believe Bitcoin can do a lot to help both the people and the governments work better, earn more and if blockchain is used in governments to get rid of one of the worst plagues that generates poverty, that is corruption, then we can see much healthier economic systems form in the future. If governments and people work in unison utilizing blockchain technology, than going against each other, we can create a harmonious society and this can be implemented if we get rid of poverty and corruption first. I believe with the blockchain it is possible.

From my perspective, involvement of government agencies with their rules and regulations will do more harm than good. There should be some regulations, without doubt, but those should be measured and weighted, something which is unlikely to come from government regulators, which are overall more inclined toward punitive and prohibitive measures and actions. And this is only one side to the story, but there is another, a more technical one. How are they going to regulate Bitcoin as well as other cryptocurrencies if it is built to bypass these regulations? As I see it, the only way to effectively and efficiently regulate Bitcoin is to ban it completely (or just let it be).

Bitcoin is already secure enough on its own, but no amount of regulation can secure the brains of its users. If you allow free sale of firearms, you should expect that someone will inadvertently shoot themselves in the foot at the end of the day.

bitcoin is a very useful digital currency in the future while the current use of paper money is not so good that makes bitcoin to be developed and is expected to be used to be a future payment and I believe it could be a solution in the future.

The world of crypto has been very popular, with a good innovative idea to solve transaction problems. Now the problem is whether every country approves the existence of crypto in government? This is certainly an obstacle to the world of crypto slid rapidly as good technology in the transaction. But if crypto no taxes, maybe for economic development is very difficult, I agree if crypto taxes to build the country's economy. To invest today if we see crypto very well compared to other investments, at a price that is not settled, and the price specified by the seller and buyer makes the price of crypto very good. We know the impact of bitcoin for the country is very vulnerable, because it can cause a decline in real currency and a lot like money laundering from taxes. I think it still needs a process for bitcoin as a good economic development.

Indeed,all users  of bitcoin in a different country already adopt the cryptocurrencies on their own way that makes develop their economy,bitcoin is a big help and has its own purposes and contribution to the economys better future.

Yes, bitcoin can help develop the economy and even a whole country, but it will be hard for it to achieve this goal if the government and those who don't support it continues to serve as a hindrance to it. Bitcoin and the blockchain technology is a new technology, but some governments are moving away from it because they feel that the people are being given  too much financial freedom and financial stability through bitcoin.

Am i correct that your point is "Bitcoin needs  government help?"

Well , In my opnion. Yes , Bitcoin need government to make it more secure. Government must think an idea or a way to make this work secure because this is online working and we do not know what happen to the transaction in this. Like what i read , Government must take and organize a rule on online working. Because in online working theirs a lot of selfish people or should i say scam people and all they need is money , big amount of money . So guys, Becareful in scams they are many especially in online working.
Indeed , Sometimes i read people that experience scam and they are getting frustrated and depress.

it is true from the past until now this bitcoin has helped the economic development in countries that have legalized bitcoin. therefore bitcoin can survive until now because bitcoin is much beneficial for economics and finance is still low

In some countries where capital controls are tight or the risk of looting is high, the use of encrypted currency can bring more benefits to users than the use of local currency in circulation. Users can transfer property from unilateral or even malicious intervention by local authorities by encrypting the currency. Users can also avoid VAT by using bitcoin for online consumption. Since VAT is the main source of government revenue, this tax avoidance method is closely watched by the authorities.

Whether we agree with bitcoin's ability to evade government regulation or not, we can't deny that these encrypted currencies can indeed bring substantial economic benefits to users.

for me bitcoin helps the economy and creates new jobs for the world community, I feel this positive impact for me, my family and my friends, Bitcoin help our economy, I am sure some people in this forum also feel the same.

Yes, definitely. Bitcoin and blockchain technology has the potential to optimize our routine processes. It results in saving time and cost as compared to that of traditional methods of transacting. If implemented on a macro level then it can give amplified returns and it will help the economy to improve the output and hence the growth of it will also increase. We can definitely use this technology for the improvement of the economy on a larger scale.

If governments give way to cryptocurrency, i think price can go more more up. Economical condition don't intercept way of cryptocurrency. In the future we acn see only green.

in any case, the crypto currency is now very much being introduced into all spheres of human life. In many cases, this cooperation positively affects the sphere of services for people, as well as the economic situation individually and for each country separately.

As there are a lot of countries who have different economic condition some are earning good as saving and some are poor about it. But I think bitcoin is the most amazing thing about making economy well than before, in my place economy of my country is based on crypto currency and I am sure our bitcoin  is gonna support us to develop our situation of country day by day.

it will depend on the attitude of the government that is willing to accept the full existence of bitcoin. because I think bitcoin will not be able to improve the economic system if the government does not support it. so whatever the shape in terms of economic improvement of course there must be support from the government.

I agree that Bitcoin can help in economic conditions of a country but Bitcoin usually has only 40-50% dominance over whole market, hence all the crypto market will collectively will help to improve the economic conditions of a country but for this thing to happen we need to wait for some more years as still only a small percentage of population has invested in crypto and many counties have not implemented proper rules for crypto market. So, until these things are not repaired bitcoin will contribute very less to the economic condition.

Of course it will and it depends on the performances of transactions and markets in a specific country. More investors, enthusiasts and newckmers in this industry will make the whole community boost  and if that happens taxes, and other revenues will be collected by authorities and that may help the economical condition of a country. As long as Bitcoin would help people with their way of living and slowly change their fortunes, open business opportunities which is crypto related that is how it works.

yes of course I can, bitcoin is very influential on my family's economy.
with bitcoin I can have savings that can help me whenever I need, and even indirectly more effectively to earn money faster.

in the digital age everyone is racing to make a big profit, yes! all very likely here blockhain technology is able to develop crypto that much sought by everyone.

I think there is a little impact at least, like if many people will benefit in bitcoin, there is an effect to the needs of people who enjoy the benefits of bitcoin. There are chances and open doors in bitcoin, you just have to study on what way it could help your earnings grow. If more people are able to earn more, it has a good impact to the daily life and to the economy as well