Bitcoin reduces unemployment

[Senja Kemuning]

An awful lot of benefit and advantage of the bitcoin transactions be cheaper, safer and faster, and then people purchase mining machine to mining and then employs another person so as to reduce unemployment.

[ocid]

With the presence of bitcoin I think this is an alternative to earn money so many people who find it difficult to get their jobs focus on bitcoin so that their needs can be met, I think bitcoin is so useful that unemployed people can earn money through the internet by the way they look for bitcoin whatever the way they do to get bitcoin so bitcoin can be an alternative way for someone who fills their leisure activities that have not got a job but can Make money with bitcoin.

[guoyu78]

Bitcoin has surely reduced unemployment in poor and third world countries where people really struggle to find a normal job and bitcoin has helped them to earn good money which can exceed then their income from full time job.

It's true that bitcoin helped reduce unemployment and I'm one of those people that helped by bitcoin when I don't have my daily job. I used to earn good amount with trading. But right now that I do have my office job but still it is a good help for me as it is giving me a good part time job that is helping me in many ways.

you are right bitcoin help to reduce unemployment, in the past I was also same is you jobless I have no money then many friends suggest me to join the Bitcoin and earn money when I join the bitcoin and now I am able to making good money from Bitcoin so now I do not feel that I need to do any job because i get a lot of money through Bitcoin trading so its prove that bitcoin reduce the unemployment in the world .

[doomloop]

For small scale I agree but not large or national in scope, this is because the user is still small and not bitcoin dominates the internet payment system, need more time to proof bitcoin can reduce unemployment.

Even if Bitcoin users are small and it is able to reduce unemployment amongst a small number of them we can say it has served a purpose and so it shouldn't necessarily be on the larger scale before we can conclude that it has reduced unemployment.

I agree with you, even if it is a small group of people benefiting from bitcoin..the fact remains that it does reduce unemployment levels and it does not only benefit the unemployed as the working class do get passive income from bitcoin as well.

yes you are right bitcoin is benefiting many people by reducing their unemployment, there are a lot of people who have made bitcoin as a source of income and also it is good that not only those people who are unemployed but also those are employed are getting benefits from bitcoin, so i think bitcoin is benefiting a lot of people as means of income.

[kpcian]

That's true. Many people who don't have a job yet, earn money with bitcoin instead.
 Even, in this rate, where bitcoin price is high, many people leave their day job to focus on bitcoin.
I don't know whether earning money with bitcoin is really a 'job' and reduces unemployment but at least, more people can make money with bitcoin, when they haven't got a job yet.

Bitcoin basically is playing a good role to reduce unemployment rate, many people are being engaged in this platform to earn daily income. Those people haven't found any job, they can be connected to this platform to earn money...so it can be said that, Bitcoin is reducing unemployment rate in this world..

[aryana42]

It seems that bitcoin more effective at reducing unemployment in the sense that people are not earning or low income, than government regulation of employment. 

I am one of them maybe, before hearing and know about bitcoin i am an employee in a home industry with income thats just enough to meet daily needs and difficult to saving. Now, I have quit the job and focus on bitcoin and forex trading. Bitcoin increases and gold can i buy for the provision of child education expenses.

[matchi2011]

That's true. Many people who don't have a job yet, earn money with bitcoin instead.
 Even, in this rate, where bitcoin price is high, many people leave their day job to focus on bitcoin.
I don't know whether earning money with bitcoin is really a 'job' and reduces unemployment but at least, more people can make money with bitcoin, when they haven't got a job yet.

Bitcoin basically is playing a good role to reduce unemployment rate, many people are being engaged in this platform to earn daily income. Those people haven't found any job, they can be connected to this platform to earn money...so it can be said that, Bitcoin is reducing unemployment rate in this world..

People are making money but they are not considered employed. And i agree, with the current price, there are some people who are quitting their jobs to focus more on btc, which technically adds to the unemployment rate. There's a difference between earning on your own and being employed though i prefer being both.

[AleSergio]

I dont think that it reduce unemployment, a lot of people dont have money even to invest and those who dont work and live only for a bitcoin profit,also can be considered as unemployment, because they dont pay taxes and they dont work for a country

[Taki]

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?

I am totally agree with you! Bitcoin is solving unemployment already today. On my example: I am unemploied and all money that I have is Bitcoin. Unfortunatly I can't pay with bitcoin directly here, but the price is good and for my life style those 200-300$ monthlyis enough to me.

[AltcoinAuthority]

Bitcoins aide temporarily some unemployed person but don't be so hook to it and be dependable since we doesn't know on when bitcoin could last so we should need to find decent job so that it can cather our need if bitcoins will fall or maybe try to build a little business where it can be your 2nd option so that we have another choices if things go bad in bitcoins.

Bitcoins aide temporarily some unemployed person but don't be so hook to it and be dependable since we doesn't know on when bitcoin could last so we should need to find decent job so that it can cather our need if bitcoins will fall or maybe try to build a little business where it can be your 2nd option so that we have another choices if things go bad in bitcoins.

Bitcoin is not something that I would use for relying on a monthly payment thing unless there was a bunch of money that is being made from it. I would like to get paid a bunch of money in Bitcoin though I would try to have a little bit of it cashed so I could purchase things that Bitcoin cannot.

[Dainye_dyep]

Bitcoin can only sustain a part of financial need of a person. Though it can lessen the issue when it comes to money, we can't truly say that it can lessen the number of unemployed citizens. In fact, bitcoin is a temporary source of income to sustain a need of a person but not all that he wants. Employment is still the key for the upgrowth of the society and the graft and corruption must be 100% deducted for the assurance that no one will experience poverty.

[DrGuns4Hands]

Maybe but not that. A lot of people don't have money or to invest in bitcoin. The other people is not like the one who can buy or pay there bills for a month. For me bitcoin is an extra income that can help me in terms of Emergency bills that should pay on that time. It's a work also because you became competitive in many ways

[rikybrosh]

Maybe but not that. A lot of people don't have money or to invest in bitcoin. The other people is not like the one who can buy or pay there bills for a month. For me bitcoin is an extra income that can help me in terms of Emergency bills that should pay on that time. It's a work also because you became competitive in many ways

But people can earn bitcoin little by little. There a lot of faucet and signature campaigns that will pay them with bitcoin or altcoin.  When the capital is enaugh they can try to trade with it.

[hahay]

Maybe but not that. A lot of people don't have money or to invest in bitcoin. The other people is not like the one who can buy or pay there bills for a month. For me bitcoin is an extra income that can help me in terms of Emergency bills that should pay on that time. It's a work also because you became competitive in many ways

Bitcoin is better used for extra income, but for some cases with unemployed people, bitcoin is the main income and bitcoin also makes unemployed people do not commit crime because depression is unemployed, because of bitcoin an unemployed will still can have money. Bitcoin is a positive thing in every way.

[zoelhack]

Bitcoin is an alternative way of making extra money for those who are already working and also unemployed unemployed.

[Arahara0230]

Yes it is reducing unemployment rate all you have to do is effort and use your knowledge about bitcoin. Its very helpful all you need is internet connection and laptop or phone, plus you dont have to go somewhere else, you can earn even your at home!

[Betwrong]

I understand what you are trying to say, but I disagree with you. And I will try to clarify what I said before: many jobs became accessible to many people around the world because of Bitcoin. And that's what's called job creation.

I would like to add a little to this view (which I generally support)

It is not so much because of Bitcoin itself but the community of people that Bitcoin allowed to create or build. After all, before Bitcoin you could still pay people using PayPal (as has already been mentioned). But did PayPal manage to create something like what we see with Bitcoin? Obviously, not. Basically, Bitcoin has brought people together and very different people at that, with different interests, skills and knowledge. And since Bitcoin is still a payment system and money in its own right, it is no surprise that it created its own small economy with folks looking to hire and folks looking to be hired. Something which PayPal couldn't and wouldn't do. I think it pretty well sums it up

Yes, it does, thank you very much for your support. English is not my first language, so I needed that.

I just want to add that, believe me or not, not me nor any of my friends are using PayPal. I just created account today to see how it works and I already don't like what I see. For example to send money to a credit card you have to pay 3.4% + $0.30 USD in fees. Thus if I want to send $200 to someone in another country I have to pay $6.80 + $0.30 = $7.10 USD which is three times greater than that what I have to pay for the fastest transaction(less than 30 minutes) of the same amount in BTC right now.

[magneto]

Okay, i think the main points people are ignoring here is that bitcoin DOES NOT reduce unemployment by itself.

However, in my opinion it does indirectly contribute the creation of more jobs on a global scale, offers a lot more opportunities for those in countries where labour is cheap, and let them have access to jobs that would otherwise be paid with fiat and currency conversion fees would add up to take away everything they earn. All the while they are treated as anyone else in the world, no discrimination, same pay rates, etc.

This is the sort of positivity that bitcoin brings. Basically helps closing the gap between rich countries and poor countries as it is a global currency itself, and can be converted to any fiat currency at a click. It does not directly create more jobs, but it helps employers and potential employees connect ot each other across the globe.

[matuson]

Okay, i think the main points people are ignoring here is that bitcoin DOES NOT reduce unemployment by itself.

However, in my opinion it does indirectly contribute the creation of more jobs on a global scale, offers a lot more opportunities for those in countries where labour is cheap, and let them have access to jobs that would otherwise be paid with fiat and currency conversion fees would add up to take away everything they earn. All the while they are treated as anyone else in the world, no discrimination, same pay rates, etc.

This is the sort of positivity that bitcoin brings. Basically helps closing the gap between rich countries and poor countries as it is a global currency itself, and can be converted to any fiat currency at a click. It does not directly create more jobs, but it helps employers and potential employees connect ot each other across the globe.

It is too premature to talk about what bitcoin contributes to the creation of jobs. I think that the majority of people which earn online bitcoins will not be able to live on this money. Bitcoin can only be used as additional income. This will not affect the number of jobs.

[richmcrich]

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?

Cannot agree with many that simply bitcoin will reduce unemployment as many other factors contribute to it.
There has to be policies on part of the government and also of the corporate to generate employment opportunities. Bitcoin is just a currency and it cannot increase employment alone.