Can bitcoin improve the economy of a country?

[stompix]

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

Yeah really?
And somehow magically we can all sit behind our pc's and we all have a job and get rich.

All the things people are doing right now and earning bitcoin could have been done also before.
You could still advertise, create blogs, freelance and play in the markets.

Let's hear the impact of 100 guys enrolled in sig campaigns vs the... let's tkae india ... 9 % unemployment ..
The impact is microscopic

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.

1800 bitcoins mined a day ... around 4 millions $.
Only MB sells cars worth 100 times that each day.

[ekoice]

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?

Some countries suffer from economic crisis.Their currencies suffer due to inflation.So they decide to announce bitcoin as their national currency.Example Liberland.Bitcoin works on a secured block chain system and its price is also constantly increasing.So they prefer to announce bitcoin as national currency. 

[Blamsud]

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?

Some countries suffer from economic crisis.Their currencies suffer due to inflation.So they decide to announce bitcoin as their national currency.Example Liberland.Bitcoin works on a secured block chain system and its price is also constantly increasing.So they prefer to announce bitcoin as national currency. 

More country may rely their currency on btc since they see more future on it and a solution for economic crisis.

[matuson]

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?

Some countries suffer from economic crisis.Their currencies suffer due to inflation.So they decide to announce bitcoin as their national currency.Example Liberland.Bitcoin works on a secured block chain system and its price is also constantly increasing.So they prefer to announce bitcoin as national currency. 

What will happen to the economy of this country when suddenly it turns out that bitcoin it was a bubble and it burst. The state can not and should not exist without its currency. This is a fundamental principle.

[MetalGear]

Yes bitcoin can improve the economy of the country. Because through bitcoin you can make your money grow bigger and faster and it is very useful to make you financial status becomes higher and by that the status of the country will also rise.

[BitcoinzB]

I don't think it would be a good idea for any country to adopt bitcoin as its main currency as of now. Having a whole economy of a country based on a currency which is not anywhere near being defined 'stable' is a big risk to take.

[CarnagexD]

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 both of it the reason why some countries are now using it. Because the fact that its price is very from the past and bitcoin now is slowly spreading world wide so there are more users of it. It can improve the economy of a country if their country will accept bitcoin all the fellowmen in their country will used bitcoin to.

[mrfreezeh]

Yes bitcoin can improve the economy of the country. Because through bitcoin you can make your money grow bigger and faster and it is very useful to make you financial status becomes higher and by that the status of the country will also rise.

I not think that's right. Bitcoin can change payment online in the World's, but it not improve the economy for any country, your country will can't tax Bitcoin, because Bitcoin can't management by anyone and it anonymous. And now capitalization in crypto market very small than other market, the prices are easy to manipulate by the rich

[Xester]

Yes bitcoin can improve the economy of the country. Because through bitcoin you can make your money grow bigger and faster and it is very useful to make you financial status becomes higher and by that the status of the country will also rise.

I not think that's right. Bitcoin can change payment online in the World's, but it not improve the economy for any country, your country will can't tax Bitcoin, because Bitcoin can't management by anyone and it anonymous. And now capitalization in crypto market very small than other market, the prices are easy to manipulate by the rich

Maybe you are right on some point but I may say that it can help a little.  There is an effect with using bitcoin.  Individuals or citizen especially those who are unemployed can be self sufficient if they can earn through bitcoin.  Atleast when there was a census, people would state that thye have an online job.  It does not have a tax that the government can benefit but it will atleast help people to earn a decent amount of money.

[iyan33]

In my opinion, bitcoin can improve a country's economy.fact is that online bitcoin activities can provide a good income by working on captcha faucet, trading, investing and others. And have a role in reducing unemployment because it can provide jobs to bitcoin users and earn income.

[hurain]

Yes bitcoin can improve the economy of the country. Because through bitcoin you can make your money grow bigger and faster and it is very useful to make you financial status becomes higher and by that the status of the country will also rise.

yes that is possible, in fact bitcoin is providing such facilities to the people are getting chance to earn money, and in this way we can really improve the economy of a country. but I think still majority of the people still do not know about bitcoin therefore the progress is too much slow.

[BarbieCasino]

yes bitcoin can improve the economy of a country . because when people of country use bitcoin they will earn money and can buy anything of daily uses and other user thing they can improve the business in country. and investment in bitcoin can also improve the economy of country. in investment make profit the country people will have more money and that money can invest other business the poverty level will become decrease unemployment will decrease and economy of a country will improve

[fanbeila]

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?

Definitely,bitcoin has already improved the economy of many under developed countries.Such countries suffered due to economic crisis band their currencies have failed.They have started choosing bitcoin as their national currency to fight crisis.Even iran is deciding to use bitcoin to byepass the US sanctions.

[Klausi]

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?

Definitely,bitcoin has already improved the economy of many under developed countries.Such countries suffered due to economic crisis band their currencies have failed.They have started choosing bitcoin as their national currency to fight crisis.Even iran is deciding to use bitcoin to byepass the US sanctions.

It's the same situation that I also observed here in my country right now, and life of most people including me has improved a lot in terms of financial sources. The country's economy also became progressive due to people will have more budget aside from an income from current job, they can use the earned btc to purchased local good that supports the economy in terms of buying local gooda in our community. So much better if the country will adopt bitcoin currency as our secondary currency which brought comfortable transactions on both local and online payments.

[matuson]

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?

Definitely,bitcoin has already improved the economy of many under developed countries.Such countries suffered due to economic crisis band their currencies have failed.They have started choosing bitcoin as their national currency to fight crisis.Even iran is deciding to use bitcoin to byepass the US sanctions.

It's the same situation that I also observed here in my country right now, and life of most people including me has improved a lot in terms of financial sources. The country's economy also became progressive due to people will have more budget aside from an income from current job, they can use the earned btc to purchased local good that supports the economy in terms of buying local gooda in our community. So much better if the country will adopt bitcoin currency as our secondary currency which brought comfortable transactions on both local and online payments.

How do you imagine people will pay taxes on the income received in bitcoins. It's not real. But if people earned them in another jurisdiction and paid there, how to prove it. The less the government will meddle in our lives the better for us.

[myternity]

Yes, bitcoin is able to do it. But at first it has to get out of "grey" zone in governmental regulation

[marcuslong]

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.

Bitcoin already legalize in my country we can freely use bitcoin anywhere we want if i decide to use that to buy online i can easily use it bitcoin can help our economy grow also when you are about to help bitcoin as well to help your country to improved it not only with business but all.

[oegarod]

Yes, bitcoin is able to do it. But at first it has to get out of "grey" zone in governmental regulation

Yeah, if this has been used same as now the digital currency won't make big impact on the growth of Country's economy. In reality this needs to be regulated, only then people use same as that they using the fiat. So based on the regulations the growth of Country's economy will be.

[deisik]

It's the same situation that I also observed here in my country right now, and life of most people including me has improved a lot in terms of financial sources. The country's economy also became progressive due to people will have more budget aside from an income from current job, they can use the earned btc to purchased local good that supports the economy in terms of buying local gooda in our community. So much better if the country will adopt bitcoin currency as our secondary currency which brought comfortable transactions on both local and online payments.

How do you imagine people will pay taxes on the income received in bitcoins. It's not real. But if people earned them in another jurisdiction and paid there, how to prove it. The less the government will meddle in our lives the better for us

It goes without saying that governments should stay away from our lives

But that doesn't mean that folks cannot be forced to pay Bitcoin related taxes (including an income tax). First of all, governments would have to legalize Bitcoin first since you obviously can't levy taxes on something illegal (that would mean legalizing it indirectly). Further, governments may put stricter rules on banks in terms of tracing money flows. In this way, you may have to explain the origins of certain monies which came to you bank account (when you cash out) and whether you paid taxes if you claim that you earned these sums from your operations with Bitcoin (e.g. speculation). Otherwise, you will have to think up something plausible to explain their source, which may not be worth trying (if you get caught lying, paying taxes may turn out to be a better option after all)

[sakura99]

I think this has been asked a lot by other and I think the answer would be the same which is really "it depends." Depends on the people who use it and how they use it. If you are thinking it would improve places where internet and smartphones can be used, then tough luck it will most likely change it for the worse.

bitcoin can improve a country if it can be used properly. I think bitcoin can never improve the country's economy, there are many factors that affect the economy. It will only make the problem more low among the public. If the Government focused on the blockchain and use it effectively, then this will help certain countries to improve the management of their digital resources.