Bitcoin - Can it boost or break a countries economy?

[Qungis]

Bitcoin and altcoins are not needed by the state, because it is impossible to establish who owns and manages them.

[Friskaadew]

I think if bitcoin is accepted by a country that is experiencing an economic crisis, bitcoin can cause chaos in the economy of the country. But it seems that bitcoin also needs regulations in order to be aligned with the state of the economy in that country, in order to help the country's economy.

[Camorra Dev]

With bitcoin people can make profit, and buy the thing that they wanted to, or hold it and make some profits by savings

[21millionsbtc]

Bitcoin is future currency and can be called as an asset and it is future banking too we can expect transparent banking in this world with bitcoin and provide jobs boost economy

[anavir]

bitcoin can boost countries economy because it lessen unemployment.Those jobless can start a small time business at first through investing in bitcoin.Bitcoin helps peolpe to earn money.

[kive2k]

I do not know how about the country's economy, but it will create problems for the banking system. Bitcoin does not destroy the economies, but rebuilds it.

[hygroscopicgymnasiumd]

I think if its introduced, the economy of a nation would get balanced completely with enough btc-fiat compilation and many more.

[Lucifers]

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

Could be, because the bitcoin is absolutely not in control by anyone.

[19Nov16]

If legalized and used for various transactions will certainly make the country's economy better, we all know that the main problem of unemployment and poverty is a centralized financial system so that if changing the system then be better.

[nebuch]

Possible that the country who banned bitcoin have some negative thoughts toward the possible unpleasant things to happen in terms of economic and national security. Once the country welcome bitcoin then normally crypto world is on that nation already because of bitcoin entry. Altcoins can help bitcoin to make one country to change the movement of economic graph from low and stagnant to active and increasingly graph. It is also depends on individual support to government plan regarding crypto.

[dogz12]

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

I think it will give a boost to the economy. If bitcoin users would decide to declare their profits with bitcoin to be taxed then definitely would be a help to the economy and if they do not, it would still affect the economy if they do succeed and becomes rich with bitcoin.

[Idaujotaite]

Countries are scared of crypto currencies because they can’t control them.  But bitcoin can’t effect the economy ir depends how you use it. It can definitely be used to an advantage

[Polkadott]

I believe that the economy of the country will increase given the income they get from the tax paid. And by setting the bitcoin so people can pay taxes when they turn the bitcoin into fiat

[Mikejones64]

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

Government are scared of bitcoin because they can't control it.
Didn't they know it will affect their economy in a positive way. In my opinion, I think there should be a representative of bitcoin in each country to explain and discuss the benefits of bitcoin in economic state

[trand]

Bitcoin does not have the authority or anything to break or boost a country economy. It can only help or destroy individuals only. The government, in general, control most of the thing in the country and they know how to stop economic crisis as well as improve the ecosystem

[queenlaurel]

Well for the third world countries it will be a bit difficult in the sense that it might want to break them, because it will be that only those who have access to light, internet and enough to invest and make profit. Bitcoin is here to boost countries if the countries can improve the standard of living of it's people by providing the basic amenities and infrastructures.

[localcrypto]

bitcoin is definitely boosting for country economy rather than breaking bitcoin and crypto currency are generating numerous amount of jobs in the market and providing  self employment

[West0813]

Some people said that it can help boost the economy of a country. Because it can lessen the unemployed rate of a country. So why other countries are banning it if it can really boost the economy of a country.

[Seeker#9]

Bitcoin will only affect the economy of a country if it became a legal tender and use by majority of its merchants and citizens. But many governments are still reluctant to accept it because of its high volatility, rapid fluctuation and its being a decentralized virtual currency. The sudden drop of bitcoin may affect them financially and economically.

[15putriutami]

I think the bitcoin pushes every economy from the country that receives it. Because bitcoin is very beneficial when used by anyone if they understand how to get the benefits.