Bitcoin reduces unemployment

[ivanpoldark]

Of course, bitcoin can increase employment and reduce unemployment. The creation of bitcoin and other cryptocurrencies led to the creation of an entire industry, which includes:

• mining communities
• exchange markets
• individual traders

[Dudeperfect]

Yes since the technology is new and most of the people are not aware of it. Bitcoin posses tremendous potential to bring massive change in current financial system so there is a huge scope for bitcoin business at the moment and it I see very positive picture for the bitcoin related business (example : services like bitpay would kill paypal in terms of volume and user base in next decade). Indirectly, it will help to build employments for those who are capable to adopt this revolutionary technology as early as possible.

[Betwrong]

I do not see how bitcoins reduce unemployment because I cannot think of any employers that pay their employees in bitcoins besides this forum, a quick google search shows this wiki

https://en.bitcoin.it/wiki/List_of_companies_that_pay_employees_in_Bitcoin


and the list doesn't seem very long

Right now it's a short one, but it definitely will get longer with time. Also I'm sure that's not the full list already.

And on this forum, as you've mentioned, employers pay their employees in BTC. In the Services section there are new posts almost every day and they are not only about signature campaigns. You can earn Bitcoin doing graphic design, coding, translation etc.

[Schuyler]

I am not sure how much of an impact bitcoin has had on the employment rate in my country but judging from the posts here, I can see that it has been very good for those who have been making some extra earnings, be it from signature campaign, trading, or rendering services in exchange for bitcoin. These are all good but I think if this gets to another notch, the government is surely going to make sure they get a slice of what we earn by imposing taxes on this kinds of earnings.

[v0rtecxz]

I do not see clearly that bitcoin can reduce unemployment, as many do not know about bitcoint, but there may be some of them who make bitcoints as a permanent livelihood, for the future maybe bitcoints can be alrternative for generating revenue

[piececake24]

Not just bitcoin alone but many kind of ways to make money online that can possibly reduce unemployment instead it will increase the amount of self employed or working from their home if only that people will embrace this kind of environment

[BunnyShibe]

I don't think BTC will in anyway reduce unemployment, not too many people know about it and use it...It's expensive and cannot get it easily if they not buying it. So I just don't feel like it will somehow someday reduce unemployment

You are right, and for many of us here bitcoin is extra earning. We all have regular jobs, I think even people that earn a lot didn't quit from their real jobs. Rich are becoming richer, and bitcoin is the same in that way, who had money to risk, who have money to risk now will make profit, others can just watch. Bitcoin will not reduce unemployment, in future with crypto or not I expect bigger jazz between rich and poor people.

but i think now for most of the people who do not have any day job. who are jobless in real life. for such people bitcoin is the only hope, in fact they are totally depending on bitcoin for their life. and i think some people are even getting good profit from bitcoin, i even say some people who quit their day job for trading bitcoin and altcoin. as they consider bitcoin as more profitable than their day job.

[krisnt80]

At some countries you are able to survive already doing faucets, and some signatures and captcha service, sure isnt the best way, but some people are able to survive doing those, soo we can say crypto world is changing a lot lifes, soo with that i do hope people dont go greedy and lost all gamble.

[Janation]

At some countries you are able to survive already doing faucets, and some signatures and captcha service, sure isnt the best way, but some people are able to survive doing those, soo we can say crypto world is changing a lot lifes, soo with that i do hope people dont go greedy and lost all gamble.

I don't think you need to rely on doing faucets, joining a signature campaign and participating on answering captchas. It is not enough for us to survive on a regualr basis. Think of it, if you are doing those, that means you have electricity bill, which you pay every month, the same as the internet connection. What you are earning from these 3 is not enough.

[kidoseagle0312]

I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world

What is your opinion this time?

If anyone in this industry who wants to earn big profit of bitcoin. I agreed that it requires hard work and creativity, it really needs time and effort to gain it actually, before you harvest your fruit of labor it will take 6months or more before you get earn big amount of bitcoin, meaning bitcoin can lessen the count of unemployed people.

[choppork]

I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world

What is your opinion this time?

Honestly, dirty toilets have reduced unemployment as well but are we talking about it? No. It's because it's totally normal that if something that can be monetize pops up, then it will reduce unemployment. Bitcoin is no different to any other concepts or jobs out there. One thing I want to address, if you're working online, you're not seen by the government as someone who's employed. Your status is still unemployed since they don't know about your job. You can't get a credit card as well since you're unemployed. Unless you hand down a valid collateral to the banks, you're not getting a loan because you don't have a pay slip from your day job.

[Theb]

I don't think it reduces unemployment at all, maybe what you mean is it reduces poverty or something close with that. As if it reduces unemployment people have to be employed by an employer not unless you consider being a campaign as a job then this statement is wrong. In order to be employed you must be working in a company not freelancing and doing work at home. But the fact is it increases people with additional income or it can be considered as a new way of earning money not being employed.

[1Referee]

It has zero impact on country level. Everything that happens, only positively impacts a very small number of people - it's all on an individual basis. It may be a new startup looking to hire a few stacked coders, exchanges looking to grow their support staff, etc. It's all very marginal at this point. People here in this thread should forget about signature campaigns and all other free ways of generating Bitcoin. It has nothing to do with employment/unemployment.

[deisik]

I don't think it reduces unemployment at all, maybe what you mean is it reduces poverty or something close with that. As if it reduces unemployment people have to be employed by an employer not unless you consider being a campaign as a job then this statement is wrong. In order to be employed you must be working in a company not freelancing and doing work at home. But the fact is it increases people with additional income or it can be considered as a new way of earning money not being employed

I guess this greatly depends on jurisdiction

For example, in some countries to be officially "celebrated" as an unemployed person you should be actively searching for work. If you refrain from doing that, the government (rightfully) thinks that you cannot be considered as unemployed since you don't want to be employed, i.e. you are most likely self-employed or have some sources of subsistence large enough for you not to search for work. Obviously, if you earn enough by trading, gambling, or just posting here, you pretty well cut it as self-employed

[kidmodo]

Bitcoin lessens unemployment in number of ways and not just through Signature battles. There are a ton of employment opportunities which now pays as bitcoins. Since bitcoin is anything but difficult to use on web (as contrast with charge cards) , many individuals has begun online business which purchase and offer through bitcoins. So its has made individuals life simple online as everything can be purchase or offer by means of bitcoins

There is a ton of cash that can be earned from bitcoin, administrations are rendered and compensated with bitcoin, which will without a doubt decrease unemployment, actually the cash I earned from mark battles is utilized to settle some of my bills which had been exceptionally useful. Underdeveloped nations where unemployment is high ought to embrace bitcoin.

[digez]

in a sense, yes. Bitcoin and the internet in general are obviously becoming a new and established field of employment and it's not just for highly skilled coders and designers but for everyone using it as well, that's only natural considering internet is a marketplace and a city with billions of people in it.

[Palodar]

in a sense, yes. Bitcoin and the internet in general are obviously becoming a new and established field of employment and it's not just for highly skilled coders and designers but for everyone using it as well, that's only natural considering internet is a marketplace and a city with billions of people in it.

Some employed were already quiting theor job to focus on their online business like online shops and I read some btc user were focusing too in btc for their earning.

[PhilPrime]

in a sense, yes. Bitcoin and the internet in general are obviously becoming a new and established field of employment and it's not just for highly skilled coders and designers but for everyone using it as well, that's only natural considering internet is a marketplace and a city with billions of people in it.

Some employed were already quiting theor job to focus on their online business like online shops and I read some btc user were focusing too in btc for their earning.

Bitcoin increase possibility of people to earn since its value is a good shot and it been proving that we can trust enough btc on btc projects through reaserching, being a user of bitcoin seems like being a employee of a certain company like in signature campaigns and trading.

[gabmen]

bitcoin won't be making you employed any way. it would be a good way of earning extra with these signature campaigns and similar services but this doesn't really count as employment where you can have a steady consistent income. it still would be best if you can have a job that pays you regularly

[tigershark]

I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world

What is your opinion this time?

Bitcoin has created some jobs due to the new technology. For example, there is new hardware specifically for mining that is made because of bitcoin. There are also exchanges and online gambling sites that would not exist without bitcoin. This is in addition to the miners that mine for a living or to supplement their income.