Can bitcoin improve the economy of a country?

[benmartin613]

It wont improve the economy of the country because bitcoin is not able to be govern by the government, it cant be taxed. In a country you need taxes to improve the services,jobs,roads etc in a country without it tax there will be improvement.

[diegz]

Snip

I think they accept bitcoin because they think that bitcoin can change the country's economy. It is not imppossible that bitcoin can change the economy of a country because it already change the lives of its users. The change will happen if the citizens of this country will adopt the nature of bitcoin. If there would be an increase of users in bitcoin, the expected change in country's economy would happen anytime.

And what does "adopt the nature of bitcoin" can do with the economy? what does it mean anyway? That's irrelevant, government doesn't need to adopt bitcoin just to benefit from it. Seeing your citizens being employed and being busy the whole day working to earn bitcoin or trading the whole day is enough to say that the country benefit from bitcoin. Everyone won't be a burden to the government and since they are earning, they can also pay their taxes now.

[putrii]

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?

if a large and growing country can utilize bitcoin then it will be able to become richer with bitcoin, for example america and china they are now the largest state of bitcoin stock owners.

[racham02]

Yea of course, bitcoin can helps or improve the economy of a country by giving to the many people opportunity to work and to earn money, because many people today have no stable job or regular work. If  many people in our country specially here in the philippines is finacial freedom stable they will also have a better economy because bitcoin have many benefits can be used for some people who have no work.

[Sera2.0]

Bitcoin мoжeт yлyчшить экoнoмикy cтpaны, нo нe cтoит зaбывaть пpo пpoизвoдcтвo,oнa ocнoвa экoнoмики

[amla]

Yes i think so that bitcoins will improve the economy of a country like bitcoins help in decreasing the unemployment in the country and many people are affiliated with Bitcoins trade and investing which helps them to earn handsome amount which people later on spend in their country which improved the economy of the country.

[deisik]

Snip

I think they accept bitcoin because they think that bitcoin can change the country's economy. It is not imppossible that bitcoin can change the economy of a country because it already change the lives of its users. The change will happen if the citizens of this country will adopt the nature of bitcoin. If there would be an increase of users in bitcoin, the expected change in country's economy would happen anytime.

And what does "adopt the nature of bitcoin" can do with the economy? what does it mean anyway? That's irrelevant, government doesn't need to adopt bitcoin just to benefit from it. Seeing your citizens being employed and being busy the whole day working to earn bitcoin or trading the whole day is enough to say that the country benefit from bitcoin. Everyone won't be a burden to the government and since they are earning, they can also pay their taxes now.

But it doesn't work that way

Bitcoin as well as other currencies is pretty much a zero sum game, so how on earth you can  say that "everyone won't be a burden to the government and since they are earning"? Even if Bitcoin continues to grow and more and more people get involved (read there is constant influx of new money), who is going to make all those goods that people depend on? Anyway, someone would eventually have to lose (read most) and then you won't be able to say that "everyone won't be a burden to the government" since it is the government which will have to deal with that

[jaaeeeyyyy]

Yes it could improve country's economy . It actually lessens the rate of unemployment due to it's availability, everyone could have a bitcoin. Someone's asset is a economy gain on a particular country he/she belong. Eventhough tax doesn't apply on this , obviously person would buy their necessities on a market that can't help the economy.

[xvids]

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 believe so. Once bitcoin has been withdrawn to regular cash the people in that specific country start using that money, and that money goes to anywhere the person buys within that country, thus increasing the rate in that country's economy. It can absolutely happen without legalizing bitcoin.

[Twinscoin2017]

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?

That depends I believe. Once bitcoin will be legalized in a certain country, then it could potentially improve the economy of that particular country. The way for that country to improve it's economy is the tax that will be cut off to every bitcoin and other crypto currencies transaction. Hopefully, bitcoin will get legalized soon.

Well i believe  it can really improve the economy of a country because bitcoin is really a great opportunity that gives  chances  to the people arround the globe to be more productive and it really decreases the crime because of its profit that even the  most simple person can really gain to it.

[BeGoods]

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 they accept bitcoin because they think that bitcoin can change the country's economy. It is not imppossible that bitcoin can change the economy of a country because it already change the lives of its users. The change will happen if the citizens of this country will adopt the nature of bitcoin. If there would be an increase of users in bitcoin, the expected change in country's economy would happen anytime.

But in fact many countries forbid the use of bitcoin. including my country. the government will not see the effect that bitcoin will give on its users (although it gives economic change to its users) the government will keep banning bitcoins when bitcoins can not be complied with and controlled by the government

[btc78]

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?

economy wasnt bitcoin or crypto concern,its every nations obligation to improve their own economy,but since bitcoin is a helpful community he gave assistance to those unemployed and giving them chance to improve their lives.thats how bitcoin helps the economy at the same time the country..

This is the alternative means of profiteering we will decide on how we can make our live better,maybe in gambling ,trading,mining or even in investing or the last option is to be a campaign participants in which you will be compensated depends on your skills

[Pompa]

Maybe we can improve the economy in our country if we can accept the bitcoin in are country and I think that's wonderful and bitcoin  we can helping their in are economy and many users in are country

[elpsycongree]

I don't think that the economy of a country will improve because of bitcoin since bitcoin is not affiliated with the government. think of bitcoin as a standalone. bitcoin does not have any tax coming from the government which is a why no government will benefit from it.

[siopaotsin]

Nope, bitcoin can't improve the economy of a country because the government does not have any control over it and it's not taxable by them. But on the good side of things, what bitcoin can improve is the lives of the people investing in bitcoin. as the prices continue to rise, so those the profit gain from investing in bitcoin.

[fayrouz]

Right,if many people would go through bitcoin it will improve our economy always first problem on poverty.It will help them financially give them an extra income and job to those who are jobless.It will reduce unemployment or I could say poverty on every country if they will work hard on bitcoin.

Yes it will, it is a big help to those people who wasn't 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 about trading and investing.. There are many who have even left their jobs because they are more get income with bitcoins rather than their regular jobs.

I definitely agree on your opinion guys, even businessman still find alternative income. If we have patience on trading and investing here, it will help the poverty of the country.

[Jiddyyy]

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?

Honestly yes, if the government accept or legalize the bitcoin in a country. Since bitcoin is a BIG business it has a high potential or it will be helpful to the economy in terms of paying tax. Bitcoin is a big company therefore the bigger the income the bigger the tax it may increase the economic rate. It will improve the economic rate of one country.

[pauuui]

If bitcoin is acknowledged by the government I think it will improve the economy of the country and that there will also be a tax on every transaction we'll have in bitcoin. For me, I think it's better this way as we don't have to pay tax every time besides on what we consume not on what we profit from.

[ranz_18]

Yes, because bitcoin reduces the percentage of unemployment rate in the country.

[trauchot]

In those countries where economy is highly developed, I think bitcoin will not be able to change much something, even if there will be big demand for bitcoins and investments will be bigs, because there economy rises on something else, which gives more profit. But in countries where problems with economy, it is possible that bitcoins can somehow adjust it, but again if there will be demand for bitcoins.