Can bitcoin improve the economy of a country?

[Swopon]

Of course bitcoin can improve the economy of a country.Today we can see that many countries are accepting bitcoin as a online currency.And bitcoin's price is soo high it can easily improve the economy

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[Budugbass]

according to me.. if indeed the country is really able to balance / more respond (control) to the using of bitcoin, the country's economy will not be problematic and can even advance the country's economy as well as more visible advanced than other countries.

[Deathgamer]

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?

In my own point of view bitcoin can really improve the economy of a country because bitcoin can lowered unemployed people because they can earn here in this site and if they workhard they can earn alot of money and get rich that is why bitcoin is really a big help to improve economy of a country.

[Sled]

Yes bitcoin can improve the economy of some countries, because it is helping the unemployed and jobless people to find another way to earn an income online, and then paying for their livings and bills.
This will certainly help especially the poorest countries.

I also view bitcoin in that way of helping the people and the poor countries. They are helping the people to earn more income and that extra income help them to enable to buy more things and spend more money which is helping the country to get more income from the expenses of the people who are working in bitcoin and if almost all the people in a country work in bitcoin then they will easily help the country to improve their income.

[Ranly123]

I think yes if it will be taxed by the government. Ecoomy will be improved through the tax taken from bitcoin because income from bitcoin is way bigger than the traditional job(if bitcoin is taxed).

[bebejhen]

Yes I beleived that bitcoin can improve the economy of each country. It can lessen the unemployed people and it gives chances to everyone to earn. When it does, it will lessen the poverty and in the end our economy will be better.

[nwahshearthiad]

I think it is possible. From what i see now, bitcoin is a great option for those who are unemployed. Thus, this lessen the poverty that will result to a better economy.

[diegz]

I think it is possible. From what i see now, bitcoin is a great option for those who are unemployed. Thus, this lessen the poverty that will result to a better economy.

No, you are wrong, if you are living in a place where poverty is high, then you are wrong, money at those places is scarce, for sure they can't even buy their own computer, aside from that, they can't surely afford an internet subscription.

With that said, I am sure only few are using bitcoin, and most of those who are using already have something in life, and they are not too dependent to the government's help.

[spyerf]

I think it could be that in the country bnyak bitcoin users as a means of transaction or other, because if from the community itself can look for profits and supplement their income with bitcoin this country think can help their economy. And if a country has many bitcoin users they think could give them a chance to do bitcoin business. Because so, they will set the bitcoin and that's the beginning to help their economy

[jasonjm]

My answer is NO, now you are wondering that why i am saying that, bitcoin is an online currency and for a country to be economically strong every person annually income has to raise and industries are there for goods production and services, bitcoin can not replace real money and most of the people in the developing countries do not know how to operate a computer and do work online.

[Pompa]

I think yes,we can improve our the economy in our country because in bitcoin..because many people in our country we don't have work yet,bitcoin is the best  way to help other people they don't have work and good to poor people to help them in way in this forum with the bitcoin

[LordDisick]

I will say yes, bitcoin is giving an opportunity to those people who are jobless and provide an extra income to those who are fortunate enough to have a job. So it means bitcoin can help to reduce  poverty in a country and that will definitely improve the economy.

[miltonpogi]

Yes it can help the economy of countries using bitcoin, but it depends how you understand improvement, I guess it will take advantage for a country taking bitcoin for their transaction, because people does not need many requirements to transact with bitcoin, in short it will lessen the time for transaction in economy, I will not definitely say that bitcoin will improve the economy of a country surely, but I may say that it will take advantage to  improve our economy.

[Nonakryse]

Maybe not Bitcoin itself.. but the technology behind Bitcoin can definitely boost the effectiveness of a country. Just imagine starting out fresh, a new constitution, new laws, new everything. And all these new things are build based on blockchain technology (the constitution is written on the chain, the laws, the financial budgeting of the country etc.). Just imagine the transparency that this would give to a country and how much more effective it would make it's economy. Competitiveness would skyrocket and they'd be so much better is so many things than traditional countries. People would have wallets, instead of bank accounts, pensions would be send directly to them, the poor would have financial access to the markets and everything will be auditable at the same time (which means there is no corruption, which is costing billions of dollars for traditionally build countries).

[Fatanut]

I do not know, because I am also confused with this question. But if I see bitcoin is able to improved a person's economy,or but for a county I still have not found anything that can make sure I think by day by day it will be large position also be improved by day by day, because now a day it will grow up some.

Yes.Many people involved in bitcoin now.Many people quite their real Job and involved in bitcoin now. Since they get income from bitcoin, their life is depend on bitcoin .Hence the bitcoin involved in the development of country .Many people inverse Their salary in bitcoin to get profit from it.

The reason of quiting there job in reality is that they are not even getting profit to do these kinds of job while about bitcoin they are getting extra profit and less time it's mean that they can give a time to there family if they are a part of bitcoin. While other kind of jobs such a reality job they cannot even give a time to there family therefore they quite and go for uncertainties.

in my opinion everyone has already noticed that real physical work has never invited such incomes, which today give the opportunity to earn Bitcoin. I am very pleased that the crypto-currency has entered my life and I have got great opportunities to achieve my goals. If Bitcoin is available to every citizen of any country, it will only benefit everyone.

I think it's only in the third world countries where physical work is not profitable. In first world countries, everyone works in the office, everyone do art, everyone is knowledgeable and no one wants to build a house. They get their houses built. As you can see, there are agencies in third world countries that hire people to do labor like domestic helper, carpenter, factory worker, etc. because none of the people in the first world country wants to do those thing. Everyone wants something easy and everyone wants to make use of their knowledge and get paid for it.

So that's it, physical work is expensive in the first world but then obviously you don't live there. Knowledge work is paid a lot more in third world countries so cryptocurrency pays a lot more. Or simply because you are earning as much as first world crypto-earners, the only thing you have to do is to be competent and you're going to earn just as well.

[farhaan]

By providing new earning opportunities to unemployed people,bitcoin may indirectly help for the improvement of a country's economy.It provides options like trading,mining,signature campaigns,working in freelancing websites.

[Biggapp]

I think it is possible. From what i see now, bitcoin is a great option for those who are unemployed. Thus, this lessen the poverty that will result to a better economy.

For sure a lot of the people are making god income through the bitcoin and they are using the bitcoin for the sake of the income. In the past I was not aware of the bitcoin use properly but now I like it more than before because it is the part of my life so far and the income from the bitcoin is more than double. I like a lot of the sites because it has given me the huge income in very short time.

[stompix]

I think yes,we can improve our the economy in our country because in bitcoin..because many people in our country we don't have work yet,bitcoin is the best  way to help other people they don't have work and good to poor people to help them in way in this forum with the bitcoin

And how many is that?
100? 1000? 1 million?
For example Spain has 3.91 unemployed citizens with benefits running from 500 euros , how much of a dent can a few tens of signature campaigns and bounties make?

What is that county of yours?
Let's see how bitoin impacted on its economy . But give me real number not ones pulled out of you know what.

 

[BTCHakan]

It might be good for some countries. But for some countries it does not make any sense. It is a fact that tax collection is much easier.

[xbl1008]

absolutely when all of its citizen will adopt to use the coin in their transactions its widely acceptance will move bitcoin price to a new mile stone and soon everyone will use it and revolutionize our world to a new age the digital age
in bitcoin we trust
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