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Author Topic: Can bitcoin improve the economy of a country?  (Read 51486 times)
kusach01
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April 11, 2018, 08:07:32 AM
 #1941

For example official exchange rate of banks is very highly. If small business imports the goods for BTC they would setup less prices for selling them to consumers. So consumers will save some money and pay more goods.
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April 11, 2018, 08:08:23 AM
 #1942

I think so. If volume transactions of bitcoin occurring within the country is high. Because government gets tax from selling bitcoin to fiat.
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April 11, 2018, 08:09:42 AM
 #1943

I think bitcoin can improve the economy of a country if all people know this and have a patience or perseverance to earn bitcoin i think all people have a good profit and many people have a money to buy anything because of bitcoin Smiley
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April 19, 2018, 02:53:29 AM
 #1944

Bitcoin have no business to deal with those close door country in cryptocurrency. It only affect one place if they recognise the role of bitcoin in the future issue of currency. Open door to bitcoin can have more chance for growth than nothing economic improvement.

I think bitcoin can't improve the economy of a country because even if it is a digital cryptocurrency that we need in our generation now. We have to ligalize first the bitcoin. We need to accept it to our country, in order that our country can benefits the profits of bitcoin.

Yes. inorder to improve the economy of our country the government must accept bitcoin first and make it legal. Just like with other countries bitcoin is legal and their economy started to grow but I'm hoping that our country will soon acknowledge bitcoin.
There're many ways to make the economy of the country grow, accepting Bitcoin as legal or not so unrelated to the economic growth of a country. To be honest, accepting Bitcoin leads to a lot of issues related to the management and collection of taxes through this currency. All things will be difficult for the government as businesses can easily escape tax through Bitcoin.

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dekafee79
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April 19, 2018, 03:04:47 AM
 #1945


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's possible. Bitcoin can give earn to many jobless that invest in bitcoin. so, it affect the economy of a country. the jobless get alot income, they can open a new business.
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April 19, 2018, 03:24:56 AM
 #1946

Probably yes, it can improve the economy but it depends on the country you are in and how they treat the importance of bitcoin. It is important to first understand the blockchain in able for the country to properly enable them to earn the right profit that will help the economy to rise up. This will happen sooner or later and it will not take long before all of these to happen what we can do for now is to wait and see what will happen tomorrow.
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April 19, 2018, 03:25:24 AM
 #1947

Bitcoin have no business to deal with those close door country in cryptocurrency. It only affect one place if they recognise the role of bitcoin in the future issue of currency. Open door to bitcoin can have more chance for growth than nothing economic improvement.

I think bitcoin can't improve the economy of a country because even if it is a digital cryptocurrency that we need in our generation now. We have to ligalize first the bitcoin. We need to accept it to our country, in order that our country can benefits the profits of bitcoin.

Yes. inorder to improve the economy of our country the government must accept bitcoin first and make it legal. Just like with other countries bitcoin is legal and their economy started to grow but I'm hoping that our country will soon acknowledge bitcoin.
There're many ways to make the economy of the country grow, accepting Bitcoin as legal or not so unrelated to the economic growth of a country. To be honest, accepting Bitcoin leads to a lot of issues related to the management and collection of taxes through this currency. All things will be difficult for the government as businesses can easily escape tax through Bitcoin.
Businesses will not be able to escape from taxes through bitcoin because the officials that look up for their address from the blockchain explorer which is a transparent tool for the people to look at someone's transaction and it will show up all of the transactions so they cannot hide something to the official to just escape from tax.

decano
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April 19, 2018, 01:58:13 PM
 #1948

I dont think so bitcoin is not that popular like any other currency even tho it is the highest value in the crypto currency. but not all of the people know about this bitcoin, so this bitcoin can't improve the economy of country but i think someday will.
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April 21, 2018, 06:33:04 PM
 #1949


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 the wide presence of Bitcoin in a certain country makes it an observable reason why the government do accept the usage of Bitcoin to be legalized and be widely free to be used. Maybe because with their presence, government was already convinced that Bitcoin can do something to rise up their economy starting of by building its people's unity by getting their sympathy and trust on agreeing into what they want to freely use Bitcoin for a purpose. Added by the fact that unemployed people do see their hope of getting an earning or income even without physical job.

putriangel
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April 21, 2018, 06:38:41 PM
 #1950

Of course, I can. Bitcoin I think hiring people who do not have jobs is certainly good for everyone to have income. Bitcoin makes everyone forward in order to have their own income and help the economy of that person.

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