Can bitcoin improve the economy of a country?

[andaresta]

Much must be done by the state one should accept bitcoin legally and after that bitcoin wants to be in that country to mourn with him, then the unemployed will improve their income. Through this crypto currency and help their families and themselves with which they can get it.

[josephpogi]

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

[Meowth05]

I do not think so. The bitcoin can improve the economic position of an individual person, but not of the whole country. At least I'm talking about my own country. Here bitcoin is still illegal and many people do not know about it. So if bitcoin can improve the economy of the country, it is very insignificant.

It is indeed true, bitcoin could only improve the economic status of every each individual. And if it has effect on country's economy then it might little progression only. Bitcoin could help the unemployed person to have an income even though he/she has no permanent job. In order for a country to improve their economy through bitcoin then they must legalize it.

[gabbie2010]

Obviously in a country where there is high literacy bitcoin is going to improve their economy, this is achieved when people in that particular country are skillful in web designs, graphics design, programming e.t.c majority of these people will be engaged or employed online to earn bitcoin through freelance sites by doing so foreign exchange is earned in that country I.e money will flow into country and this will improve their economy.

[millgates]

I do not think so. The bitcoin can improve the economic position of an individual person, but not of the whole country. At least I'm talking about my own country. Here bitcoin is still illegal and many people do not know about it. So if bitcoin can improve the economy of the country, it is very insignificant.

It is indeed true, bitcoin could only improve the economic status of every each individual. And if it has effect on country's economy then it might little progression only. Bitcoin could help the unemployed person to have an income even though he/she has no permanent job. In order for a country to improve their economy through bitcoin then they must legalize it.

I don't think so, Bitcoin can make the fintech industries growing faster too. People will more often to buy goods online,  because they feel easier to buy goods online by using Bitcoin. it will help the micro industries grow, so the economy of country will grow little by little.

[Helen Holmes]

No, I do not think bitcoin can improve a country's economy, not much bitcoin can do to support the economy. If to boost the economy one or more people might be able, but if for one country with thousands of millions of people, that is impossible

[helloicon]

Well.. If your perspective on "Improvement" is making the country richer and richer, I am not for sure whether that will be able to or not. However, I am sure that bitcoin opens the another flux of money, another exit for money to invest and create value. In this sense, definitely improves.

[bololord]

Yes i think bitcoin can improve our country because bitcoin give as a chance to have a extra income even if you are in home or busy . but many people didnt know the bitcoin so i think if all people know this bitcoin i think our country improve a little bit becuase many unemployed people it can be use bitcoin .

[Bosx1ne]

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?

Of course. Bitcoin has a great effect to the economy of a particular country.

[djgtr]

Yes i think bitcoin can improve our country because bitcoin give as a chance to have a extra income even if you are in home or busy . but many people didnt know the bitcoin so i think if all people know this bitcoin i think our country improve a little bit becuase many unemployed people it can be use bitcoin .

yes i agree it is a big help to those people who wasnt find a job yet .it can be an alternative source of income and a good learning system that you may gain a lot of experience in trading and investing.

[Xenophoto]

Yes i think bitcoin can improve our country because bitcoin give as a chance to have a extra income even if you are in home or busy . but many people didnt know the bitcoin so i think if all people know this bitcoin i think our country improve a little bit becuase many unemployed people it can be use bitcoin .

I actually think the opposite of that. Once everyone knows about bitcoin and think that bitcoin is very lucrative, they will switch to doing bitcoin works and those are all just digital stuffs. The network will be congested and at the same time it will stop being lucrative. People have to realize that while bitcoin helps an individual, it doesn't really help the economy of a country in a way that if everyone did bitcoin, there will be no more farmers, fishermen, workers, etc. The society of that country will not function.

[airdnasxela]

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 may improve the economy of a country for some ways. You can say that it can help due to the chain reaction that's happening from those who do bitcoin to the things they buy. Whenever someone become rich, they tend to buy stuffs that they are longing for a long time which made it possible to be bought by them with the help of bitcoin. Whenever someone is withdrawing there are times where the machine ask for some extra payment for the transaction which ends up to the hand of the country's government. This is only my opinion and I think this is how bitcoin affects the country's economy.

[jake zyrus]

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?

Yeah, that's true,  many country accept bitcoin when they heard that this will become added to the currency.  Bitcoin has high quality that makes people satisfied within money problems.  Bitcoin might be the answer to our economy because of what are the things it can do for countries.

[rodel caling]

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?

wow ohh thats good this very possible many countries use tha virtual currency like i heard the australian government treated the bitcoin as money in the decentralized virtual currencies i'm sure using virtual currency its a help to the for improvement of the economy using the vritual currencies in web dark

[deisik]

Yes i think bitcoin can improve our country because bitcoin give as a chance to have a extra income even if you are in home or busy . but many people didnt know the bitcoin so i think if all people know this bitcoin i think our country improve a little bit becuase many unemployed people it can be use bitcoin .

I actually think the opposite of that. Once everyone knows about bitcoin and think that bitcoin is very lucrative, they will switch to doing bitcoin works and those are all just digital stuffs. The network will be congested and at the same time it will stop being lucrative. People have to realize that while bitcoin helps an individual, it doesn't really help the economy of a country in a way that if everyone did bitcoin, there will be no more farmers, fishermen, workers, etc. The society of that country will not function

I essentially agree with what you say

Since this is what I often say myself. But there is still a bit of positive effect from Bitcoin even if it is just a vehicle for speculation and a zero sum game at large. What I mean to say is that Bitcoin itself doesn't in fact create any wealth, so it can't help a country big way, but it still works like a selection mechanism of sorts by redistributing money from one people to other people (allegedly smarter ones). So there is some noticeable social aspect or phenomenon that Bitcoin should necessarily bring about or cause

[In the silence]

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?

They accept bitcoin because of its micro payments and ease of transactions, They didnt think that bitcoin can change the country's economy its for themselves to benefit not their/our economy.
But i guess economy will benefit to bitcoin of the rapid growth of investors using bitcoin as a payment to their business.

[warrior333]

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?

What do you mean when you say that many countries accept bitcoin as a currency. I such examples do not know. Additionally, the state may not accept bitcoins. It can only do the banks and shops. They are usually private. What's the state?

[sampalokmix]

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?

True, but on tge other side bitcoin was banned in their country with no certain reason maybe they saw some vulnerable things that may lead some of the individuals of society may be involve, but I believe bitcoin will contribute a lot in the sense that it provides people enough and if youre lucky enough so much money to feed yourself.

[mobilezz]

I think that this will not change the country's economy, because it is just a currency and in rich countries it will be even larger, and in poor countries there will be less and the economy will have no influence.

[curved9inch]

I think the main problem of the country's economy is not on the currency but because of government policies on economics, politics and so on. in spite of the bitcoin then no guarantee can improve the economy country.