How Bitcoin Stimulates the Economy

[FinShaggy]

1. We live in a time when people are afraid to open their wallets, but they will open their wallets to Bitcoin, allowing for paper money that would have been hoarded, to enter circulation instead.

2. People trade coins for cash, and that effects the exchange rate of the dollar/euro etc. The more a currency is traded, the more it can change in a day.

3. Giving jobs to people that would otherwise just be on the internet dong nothing. Mining is a job, and coin creators are job creators.

[FinShaggy]

At the Bitcoin Foundation Members meeting during Bitcoin 2013, the board members emphasized that we need to get this message out to the public and our political representatives.

Anyone reading this post and the one above, contact your mayor, state legislators, governor, Congressional Representative, neighbors, and anyone else who will listen.

We have the potential to create a whole new class of tax-paying and job-creating firms with Bitcoin.

It's a good thing.

I think we should start some BTC PACs Or at least one.

[bit777]

Bitcoin opens up the gambling market for American players who can't play using their US Dollars 

Not sure if it qualifies, but it definitely stimulates spending.

[FinShaggy]

Bitcoin opens up the gambling market for American players who can't play using their US Dollars  

Not sure if it qualifies, but it definitely stimulates spending.

That adds to #1. Money that would have been saved for vegas, and eventually spent on a child's braces, is going into circulation instead

[az09za90za]

it did stimulate the currencies exchange ,but still there is lots of improvements need to be done , otherwise , the currency will be limited to e-currencies, it need to go in real world , i dont mean going physical , but i could imagine paying my lunch in bitcoin with my bitcoin card!

[FinShaggy]

it did stimulate the currencies exchange ,but still there is lots of improvements need to be done , otherwise , the currency will be limited to e-currencies, it need to go in real world , i dont mean going physical , but i could imagine paying my lunch in bitcoin with my bitcoin card!

That would be cool. I've heard of "BitPlastic" and some Bitcoin ATMs, THAT'S the future of Bitcoin.