Can bitcoin improve the economy of a country?

[ivanst776]

Yes indeed if the government implemented the block-chain technology in proper infrastructure...

There is no way that we can deny this fact that bitcoin is very good thing and it is very much capable of not only making the economic condition of the individual better but also it can have a very great influence in making the economic condition of the country better.

The only thing which will make a difference is the interest of government in declaring bitcoin as legal. Bitcoin can for sure change the world.

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[Wittycoin]

Ofcourse bitcoin can improve the economy of a country because, bitcoin gives employment to people who needs a job and it decreases unemployment to a country which means if people have their job, they can have salary which they will use to buy goods to the market and the tax which the market pays to the government is one of the factor for improvement of a country's economy. As long as bitcoin is allowed to specific countries it can help improve it's economy.

[deisik]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think I've seen similar threads already.
Yes it can, but it depends how you understand improvement. If you expect it to make the country richer, better situated economically, compared to the rest of the world, I doubt it. Though I think it can improve the distribution of wealth among the people, which in a way improves the economy

I essentially agree with that point

That Bitcoin can change the distribution of wealth among the people, but somehow I still doubt that it will be able to "improve" it. You seem to mean that it will reverse the flow of wealth from the poor people to the rich ones. I guess this is nowhere near the case. Technically, Bitcoin is yet another speculative asset, so if anything, this will just move wealth from less profitable folks to more profitable ones. And those who are rich have more tools to be profitable since they just have more money and can hire more qualified and experienced advisors. In other words, Bitcoin is not particularly different in this regard, and on the whole it can't change the situation when the poor create wealth for the rich

[Granxis]

bitcoin is a digital platform currency,any currency which is digital will improve country economy because transaction through banks or other sources will be transparent and government can have a check on it. But the thing with bitcoin is that it is anonymous and is not being legalized and official in many countries ,so its  anonymous and decentralized,so one has check on transaction so it will not improve the economy on very large scale .

Bitcoin is harmful or beneficial to a country, it depends entirely on the circumstances of that country. for example, repressive and totalitarian countries will be harmful because they will not be able to collect as much taxes as they are from the people.

[D2R2]

i guess no . Bitcoin transactions to slow  .to many forks was in past and will be in future

[belalangsembah]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

bitcoin does have an impact on the economy of a country that uses bitcoin as a digital currency, bitcoin adds to the transaction rate digitally

[coynedterm]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Yes , it can change the economy of the country and also the economy of the country already growing with bitcoin where it is fully legalised Because the people who are using the bitcoin in those countries where it is fully legalised are paying lots of tax Because it is a market game of the money flow , where we have no limit to make investment and no limit of earnings as well as loss also .
Here another thing that we can see that is the worldwide transaction without limit , so we can understand well that how people can grow Thier Business in the international market easily .

[Smarty14392]

Yes indeed if the government implemented the block-chain technology in proper infrastructure...

Yes obviously there is no doubt in the fact that Bitcoins can add up to the economy of a country. The economic situation entirely depends upon dealing with different other countries for the sake of trading in the form of import and exports. As we all know that digital currencies have become the most common method of payment in the international exchanges as well as a way of getting through the banking system of a country.

Both of these factor combined together are a proof of BTC as one of the most valuable and demanding approach in economic development.

[Labumi]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think it can because you're receiving money through bitcoin and it decreases unemployment rate. A lot of people are able to earn decent money even if they are just doing online jobs or just earning bitcoin at home. I think that this is an ideal job for parents and students so that they can earn on their free time.

exactly once. If indeed we could tap into the internet world then the profit will be obtained is very great, because we can get a salary or income in accordance with that we want. So if we want to get an advantage then surely learn bitcoin or internet world is the right way. But you need to know that to be able to make a profit then the main thing to do is to be able to understand all the things that exist. If not then it's all going to end in a loss.

[Chyton]

Unfortunately no, Bitcoin can't improve the economy of a country but it could improve the economy of individual person in a country.
Bitcoin can be used as hedge fund or asset or investment for individual person, but I couldn't see how can Bitcoin improve the economy of a country.

[Clover_Faith]

I think it can help lessen the people who doesn't earn or the unemployed,
They can earn through this crypto currency and help their family and their selves .

Yes you are right. Bitcoin can improve the economy of the country because of the currency coming from bitcoin.  It helps to make the economy up because bitcoin give a job to other people to earn.

[syarifudin]

Unfortunately no, Bitcoin can't improve the economy of a country but it could improve the economy of individual person in a country.
Bitcoin can be used as hedge fund or asset or investment for individual person, but I couldn't see how can Bitcoin improve the economy of a country.

I agree with you, if bitcoin can not improve a country's economy but can improve the economy of its users in every country.
Due to the existence of bitcoin is able to create business opportunities that can be earned for those who have the skills and knowledge in bitcoin field. And it is proven that bitcoin role is very beneficial for everyone who is involved in business.

[zhopas]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think yes, it can help to improve the economy of our country. Bitcoin is unique because it is virtual currency where you can literally hold it. Bitcoin has a great value that can help each of people, country rather.

[poisonivy77]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

i think it can, bitcoin can help improve the economy of the country we are living in given the fact that everyone should make individual investment. if bitcoin could help individual income it would sure improve the country as a whole.

[zombie6]

Unfortunately no, Bitcoin can't improve the economy of a country but it could improve the economy of individual person in a country.
Bitcoin can be used as hedge fund or asset or investment for individual person, but I couldn't see how can Bitcoin improve the economy of a country.

I agree with you, if bitcoin can not improve a country's economy but can improve the economy of its users in every country.
Due to the existence of bitcoin is able to create business opportunities that can be earned for those who have the skills and knowledge in bitcoin field. And it is proven that bitcoin role is very beneficial for everyone who is involved in business.

The development of the economy depends on the development of the business, one hundred percent the technology of blockchain is the future and all the economies will change sooner or later

[Jedie22]

Bitcoin i'm sure can improve economy even for country level. It all depends on the readiness and the applied financial policy so that it can bring good blessings to its citizens and the country.

Definitely yes, bitcoin can improved the economy of the country but it takes time to those country didn't support there government about bitcoin. As long as the government will support and fucos to study about bitcoin it will absolutely helps a lot in a fast way. Bitcoin will gives income directly to individual people in the country and only those people are passionate to study about bitcoin , and thats the start to improved of our country's economy.

[yoseph]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

bitcoin does have an impact on the economy of a country that uses bitcoin as a digital currency, bitcoin adds to the transaction rate digitally

As governments regulate the use of cryptocurrencies usages in their country, they give themselves the opportunity to earn money from every transaction that is made by bitcoins, the USA and other countries are making money each time a transaction is done in bitcoins.

[dinoloverpete]

Given its current nature I think if any country tried to adopt bitcoin as their home currency it would worsen the economy significantly, the inflationary nature of bitcoin is not good for a countries currency and would cause many problems.

[w33man]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I believe it does. One country that has already implemented bitcoin is Japan. If Japan already started using bitcoin, then why is it’s economy still very good. That means bitcoin doesn’t do anything bad to a country’s economy.

[conected]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Yes , it can change the economy of the country and also the economy of the country already growing with bitcoin where it is fully legalised Because the people who are using the bitcoin in those countries where it is fully legalised are paying lots of tax Because it is a market game of the money flow , where we have no limit to make investment and no limit of earnings as well as loss also .
Here another thing that we can see that is the worldwide transaction without limit , so we can understand well that how people can grow Thier Business in the international market easily .

- I disagree, if you say it changes the economics of each individual, it would be more accurate, change the economy of a country, that is impossible unless most people in that country are successful and earn a large amount of bitcoin every day but wanting this to become a reality is not a simple thing. The bitcoin world is still a new place, many people give up the main job and focus on bitcoin but you can see the number of successful people is too low, most are failures, it talks about the difficulty of earning Bitcoin, unsuccessful in bitcoin, it means the government also does not get too much tax money, improving the economy is impossible