Can bitcoin improve the economy of a country?

[Ronaldcoin2017]

Yes!
I think it can improved to the  economy because as what i have  observe everyone can save  thier time and currently as what everybody said..time is gold..and by using this bitcoin we can save our time .like paying bills instead of going to the office ..we can pay it online.
We really save much time .if the country use it.it will improve the economy for every little thing done through online.. and in the future it can create more interesting and a simple  way of living way of living..

[radjie]

The economy of a country can be assisted by the existence of bitcoin let alone middle class people down who already know the bitcoin it will be very useful to find income alternativ via internet.
With the number of bitcoin users of the state can make bitcoin as an alternative way to supplement the income more than it can meet the economic needs of the community but until now the country has not many inaugurated by the existence of this bitcoin so that some people who already know the bitcoin that can feel from the results obtained Through bitcoin income.

[Adelajda]

This case, I must say that bitcoin can improve the economy of a country if they really into it. I mean, if that country is accepting bitcoin as their currency, and if it's really in-demand in their country, then there would be a chance that they can improve in the economy of their country.

i think if a country's government begins to legalize and adopt bitcoin. It will hurt them because many people will avoid taxes by hiding their wealth in bitcoin?

It is really difficult to hide your entire wealth from the watchful eyes of the government,you should worry only when you are doing something illegal,if some one converts their assets to the local currency then they should be obliged to pay the tax and you really cannot run from it.

[hahay]

Bitcoin has long been helpful in improving a country's economy, those who have been in the bitcoin world and earning from bitcoin must have felt if their economy improved. With this unwittingly bitcoin has helped the economy of a country.

[ppc.pt]

Why worry about countries ? I mean, you can go live pretty much anywhere you like at this point. Why worry about that ?

What people should worry is about their own. Their family. Their friends. Their business. Their money.

Not about countries.

Countries (governments and politics) want you to be worried and pay taxes.

F*** them !

[Bodahir]

From a government perspective I would say it would be much easier to monitor money streams, because people doesn't have to use VPN's or other tools to hide their usage of Bitcoin. In which results in fair taxpay.

Can it improve the economy of a country? I think so, but not yet on a scale that it "changes" countries. Maybe small countries like the size of Singapore or HK.

[Skarner21]

This case, I must say that bitcoin can improve the economy of a country if they really into it. I mean, if that country is accepting bitcoin as their currency, and if it's really in-demand in their country, then there would be a chance that they can improve in the economy of their country.

i think if a country's government begins to legalize and adopt bitcoin. It will hurt them because many people will avoid taxes by hiding their wealth in bitcoin?

It is really difficult to hide your entire wealth from the watchful eyes of the government,you should worry only when you are doing something illegal,if some one converts their assets to the local currency then they should be obliged to pay the tax and you really cannot run from it.

I think its not a problem if bitcoin will be legal and we are getting a taxes since we are getting benefits of the price increase taxes is not a problem but i hope not too much taxes since we are also paying miners fee for every transaction.Also hoping that government will only accept tax local currency not in bitcoin if we pay in tax.. and honestly its not good in the government to use bitcoin because they can use it in corruption since its anonymous they can hide their money without traces..

[moviebuff777]

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?

It could be beneficial to citizens of a country with high inflation. The citizens could hold their money in bitcoins rather than their country's currency.

[Klausi]

If bitcoin will bring a lot of education to people I believed that it can bring a good improvement to the country's economy. More bitcoin earners will use their money to buy local goods of the country then profits will increase of those doing businesses which has a big impact of the country's progress.

[grermezter]

With people mining all the time and generating money for their needs, and sure bitcoinshe can thus improve the economy,  the government need not worry about employment rates since it's going to go down.

[TastyChillySauce00]

With people mining all the time and generating money for their needs, and sure bitcoinshe can thus improve the economy,  the government need not worry about employment rates since it's going to go down.

A number of miners in some country specifically outside China aren't really that big and also, it needs a really good rig to make a pretty decent profit out of this business. By seeing that, it's crystal clear that the mining activity doesn't give affect that much towards countries' economic and will seem not to improve it even a little. Assuming the earning from mining activities is considered as the same as earning from the internet, other sources of money such as youtube or google ads will far surpass the profit of the mining.

[Matcuda]

I do not understand how thoroughly Bitcoin can change the economy of any country or affect the financial state of the state. Although of course, if Bitcoin users get out of the shadows, their taxes will go to the Treasury State and thus improve the state of the economy state. But this option is unsuitable for anyone.

[deisik]

Why worry about countries ? I mean, you can go live pretty much anywhere you like at this point. Why worry about that ?

What people should worry is about their own. Their family. Their friends. Their business. Their money.

Not about countries.

Countries (governments and politics) want you to be worried and pay taxes

I strongly second this stance and approach

Many people are heavily engaged in futile and pointless arguments about how to change the society they happen to live in or displace a dictator in their own country or somewhere else. Instead of wasting their time in futile talks and arguments, they should rather care about their own well being and well being of their closest circle. Ironically, this seems to be the only reliable way for these people to actually change anything at a larger scale provided enough of them actually follow this route

[Mr]

lately in my country unemployed people has more likely to choose earning bitcoin rather than physical job because all they have to do is only stay at their PC and they can starting to earning bitcoin with many way such as trading or anything else so even not big influence but bitcoin has help them for their economic side and indirectly bitcoin also already improve the economy in my country

Good chance for them to improve their life and earn some extra money. But I still highly recommend people to earn money in the real world because online job are not very appropriate and it can shut down anytime

[deisik]

lately in my country unemployed people has more likely to choose earning bitcoin rather than physical job because all they have to do is only stay at their PC and they can starting to earning bitcoin with many way such as trading or anything else so even not big influence but bitcoin has help them for their economic side and indirectly bitcoin also already improve the economy in my country

Good chance for them to improve their life and earn some extra money. But I still highly recommend people to earn money in the real world because online job are not very appropriate and it can shut down anytime

Now I strongly disagree with that

While online jobs in general tend to be more like one-off ones, this in no way guarantees that you can't be just as easily fired from your real job. Further, it is hard to have more than just one primary real life job, all other jobs will evidently be side jobs and as temporary as any online job out there. It is not the same with online jobs since you can easily take and make a few such jobs simultaneously, and this pretty much defends you from their temporary nature. In fact, you will soon start to enjoy that since you are not nailed to the same place and the same nasty boss always sticking around and bugging you

[MFahad]

It is a proof that different countries easily accept bitcoin as a virtual currency,  because the government know bitcoin will be effect in their economy and will give the source of income for their people.
Personally, if we feel bitcoin change our life than why not we think if our government use bitcoin in a high level than definitely bitcoin can change the economy of the country in a good manner.

[dwieyani]

Bitcoin will be able to improve the economy of a country, on the grounds that the country would acknowledge bitcoin officially

[GideonGono]

This case, I must say that bitcoin can improve the economy of a country if they really into it. I mean, if that country is accepting bitcoin as their currency, and if it's really in-demand in their country, then there would be a chance that they can improve in the economy of their country.

i think if a country's government begins to legalize and adopt bitcoin. It will hurt them because many people will avoid taxes by hiding their wealth in bitcoin?

It is really difficult to hide your entire wealth from the watchful eyes of the government,you should worry only when you are doing something illegal,if some one converts their assets to the local currency then they should be obliged to pay the tax and you really cannot run from it.

I think its not a problem if bitcoin will be legal and we are getting a taxes since we are getting benefits of the price increase taxes is not a problem but i hope not too much taxes since we are also paying miners fee for every transaction.Also hoping that government will only accept tax local currency not in bitcoin if we pay in tax.. and honestly its not good in the government to use bitcoin because they can use it in corruption since its anonymous they can hide their money without traces..

Tax is not a problem as long as it is fair and not too much that depends on the regulation that the government would release. Also with government legalizing Bitcoin, it will surely promote a security and you can chase those bad guys who have committed fraud on you or etc. Well those who are hiding should not consider it so you will not encounter a lot of hassle when the government caught you especially with the talk regarding taxes.

[Sir Legend]

Should be legalised, if bitcoin legalised then I'm sure the bitcoin improve the economy of a country. Currently Japan has already legalized bitcoin and Japan's economy began to move positively.

[Rinder]

Directly bitcoin wont improve, but it does changed and keeps changing some families life to better, im pretty sure some third world countries there are people getting a better life just because they are part of bitcoin and crypto opportunities world.