impacts off cryptocurrency

[Idrisu]

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

The discovered of blockchain technology has reset how the world thing about money and the world economic. Currently, all over the world, many financial experts are learning and developing on way to adopted cryptocurrencies into their financial system and great thinkers and and financial leaders has been saying bitcoin and blockchain technology is the future of money! P2p making business and financial transactions easy for common man and businesses. Poor country are not affected as most communities all over the world have access to internet.

[1713478510]

1713478510

[aoihs00]

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

Well looking at the social perspective of the bitcoin or the crypto currencies as whole it is bringing them together and uniting a lot of people around the globe. I mean just look at it, bitcoin has no boundaries and thats why it can be traded anywhere in the world and no matter what which country are you in but you can just send it to everyone out there. Tis keeps us together by means of trades, business and much more.

Speaking about the economic impact well I'm sure it will develop our nations in positive way because the wealth that is being generated for us and for the government through the taxes is enormous and it will keep going on upwards always. This is cool and significantly true fact about the bitcoin that its virtual but the impact on economy is real.

[mOgliE]

Bitcoin has no current impact.

I mean, of course there are many people buyng, trading and playing with bitcoin but come on. For the moment it has no significant impact.
Proof is that in most countries, bitcoin and its community is simply ignored by the government.

I do not say that bitcoin has no future and will never change society, I affirm that changes are slow. Please, stop believing that bitcoin is a huge change, completely disrupting society. For the moment at least!  

[Rinder]

Crypto world has becamed an amazing way to send money to family without pay ridicoulous exchange fees and service fees, replacing the third person involved into the transaction can really make a huge difference. I dont know about the others people involved into crypto, but it had changed my life, nowadays im able to get an extra source of income besides my job, im planing to change my life, buy a new car or invest into a house soo i can moove with my family and give some upgrade into it. Bitcoin and crypto has allowed me to get such, i wonder where i would be nowadays without crypto, and i wonder if this is a dream becoming true or just a door wich i had opened into the right moment.

[mitchr4]

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

The impact is very influential for social and countries. There have been many cryptocurrencies with different aims to bring people and the country get benefit. I think with this cryptocurrency at least can help people to be able to change his lifestyle.

[vv181]

Bitcoin has no current impact.

I mean, of course there are many people buyng, trading and playing with bitcoin but come on. For the moment it has no significant impact.
Proof is that in most countries, bitcoin and its community is simply ignored by the government.

I do not say that bitcoin has no future and will never change society, I affirm that changes are slow. Please, stop believing that bitcoin is a huge change, completely disrupting society. For the moment at least!  

are you sure such a revolutionary technology hasn't given a huge impact yet? and many governments have kept an eye on bitcoin and starting to regulate bitcoin.And you said it's disrupting the society instead of improving it. i doubt you really understand the technology behind it. many people helped by bitcoin from the ease of use, the anonymity and much more from it.

[Reatim]

Bitcoin has no current impact.

I mean, of course there are many people buyng, trading and playing with bitcoin but come on. For the moment it has no significant impact.
Proof is that in most countries, bitcoin and its community is simply ignored by the government.

I do not say that bitcoin has no future and will never change society, I affirm that changes are slow. Please, stop believing that bitcoin is a huge change, completely disrupting society. For the moment at least!  

I mean if there is a impact its only minimal and as far as the social and economic, only citizens is benefiting and its only quite a small percentage really. At least citizens of a country has gain and earn bitcoin and making money. That's why I think that government is really targeting bitcoin because they really want to put tax around it.

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

The impact is very influential for social and countries. There have been many cryptocurrencies with different aims to bring people and the country get benefit. I think with this cryptocurrency at least can help people to be able to change his lifestyle.

Only the people are really benefiting and not the government. Maybe its not that significant as I have mentioned. Because people has been given financial freedom is only a few that why even if they purchase all their bitcoin in the local economy its still not enough to make a significant dent on the whole country itself.

[ahkiatt]

Off the top of my head I can think of two impacts that I personally really like.

First is the reduced reliance on financial institutions to safekeep and invest our finances. If you do not trust the way banks and financial institutes make risky investments for a quick buck, holding assets such as bitcoin or other alts safely in your hardware wallet serves as a lovely method to protect your hard earned money in case of another financial crisis/collapse of multiple banks.

Second is fund raising. ICOs and token sales allow small time investors like myself and many others on this forum to invest in projects we trust and believe in. Likewise, companies looking to raise funds no longer have to solely rely on family, friends and venture funds.

[burnchan]

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

The impact of cryptocurrency would greatly impact the middle and upper class. This is due the accessibility to the internet and their capability of acquiring a gadget. Aside from cryptocurrency gives convenience to money remittances, cryptocurrencies likewise opportunity for investments. Which will uplift the economic status.

[Capt00]

Crypto currencies are just created for the good of the people. Knowing that we can benefits from here especially for financial stability and a great source of income. It will provide us more and we totally enjoyed it. It's amazingly performance delight us and it will make us more productive than before.

[AmXProX]

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

Economic impact is that Bitcoin aims to remove the differences on foreign exchanges, it aims to have one common currency for the whole world and at least equalize every nation's wealth. Unlike current fiat currencies that rely on one country's gold reserve bitcoin don't have anything like that it is purely depending on the demand of it's users.

Other alt coins are created for some social purposes really depending on the coin.

[BartS]

I doubt that politicians will want to implement blockchain technology. Many of them are in power only because of election fraud. As to the cryptocurrencies this is a good way for poor countries to have salaries at the level of the which is produced in the developed countries. But it requires certain skills that do not have people in poor countries. Now education has a real price.

There is a difference between the blockchain and bitcoin, banks and governments are fine with the blockchain and are in fact making their own research on the subject but they hate bitcoin, bitcoin is a threat to them for the simple fact that is something they do not control, bitcoin is going to give true freedom to people and that is what they fear more than anything.

[ricardobs]

Crypto currencies are just created for the good of the people. Knowing that we can benefits from here especially for financial stability and a great source of income. It will provide us more and we totally enjoyed it. It's amazingly performance delight us and it will make us more productive than before.

For the third world, I don’t really think it will have any bad impact on them, I believe there are some internet wizards who live and knows what’s trending. There are people in third world that made a lot of money through Bitcoin, so I believe it is having a good impact there. If it doesn’t, u believe their government will ban it to prevent further loss. And for the whole world, hmmm, there are some it disfavored and they had to stop it in their country, and there are also those that it favored.

[ivrynx]

As far as being a currency is involved, I can say that crypto currency has a huge impact when it comes to financial, it can help us to have more income, depending on how we do it, whether trading, working or investing on cryptocurrency. There is also an impact to technology, since block chain technology is innovative, we can see a lot of people using block chain technology as well. There will be pros and cons of cryptocurrencies, but it is much better to try it than ignore it and have FOMO in the future.

[machinek20]

It got a huge impact for economics, now a lot of people are investing in crypto and getting profit out of it, of course it will increase their life and there is actually a people getting rich because of crypto, crypto got a huge impact for the people that join, for the third world country that doesnt has any internet it wont impact them anything

[Charisse1229]

People of my country who are working other country, start to feel the good impact of crypto currency because economical and faster way of money remittances, We have always seen a centralized mechanism when it comes to currencies. Cryptocurrencies have the potential to disrupt society. It is a big imapact.

[hase0278]

what are the social and economic impacts cryptocurrencies have ?

Somehow cryptocurrencies help improve economic status of a country by opening up opportunities to citizens all over the world to make money. It also somehow benefits governments since they can gain tax for every conversion of bitcoin done in services that aids in btc to fiat even if only a little. It does not have that much of a social impact though but it connects users all over the world via forums.

how will this affect third world and poor countries because of their limited access to internet and modern technology?

To sum it up, third world and poor countries won't enjoy the full benefits of bitcoin and crypto if they dont upgrade their internet and technology of citizens.

[Lampaster]

what are the social and economic impacts cryptocurrencies have ?

Somehow cryptocurrencies help improve economic status of a country by opening up opportunities to citizens all over the world to make money. It also somehow benefits governments since they can gain tax for every conversion of bitcoin done in services that aids in btc to fiat even if only a little. It does not have that much of a social impact though but it connects users all over the world via forums.

how will this affect third world and poor countries because of their limited access to internet and modern technology?

To sum it up, third world and poor countries won't enjoy the full benefits of bitcoin and crypto if they dont upgrade their internet and technology of citizens.

Bitcoin is the incentive to move forward. Maybe those people who can use bitcoin to escape from poverty will be able to set an example. They have money and they can pay for the Internet development and education in third countries. The inhabitants of these countries see that education is an opportunity to have an income in all circumstances.

[BitcoinNational]

Crypto currencies are just created for the good of the people. Knowing that we can benefits from here especially for financial stability and a great source of income. It will provide us more and we totally enjoyed it. It's amazingly performance delight us and it will make us more productive than before.

For the third world, I don’t really think it will have any bad impact on them, I believe there are some internet wizards who live and knows what’s trending. There are people in third world that made a lot of money through Bitcoin, so I believe it is having a good impact there. If it doesn’t, u believe their government will ban it to prevent further loss. And for the whole world, hmmm, there are some it disfavored and they had to stop it in their country, and there are also those that it favored.

Some people are taking advantages of crypto but I am afraid of them being informed and aware too late of the crypto. If we take africa, internet access is not usual for all countries so it's not all the population that can benefit of the crypto.
And the government, I am not sure they have something to win to legalize or enhance the use of crypto.

[Lanatsa]

Crypto currencies are just created for the good of the people. Knowing that we can benefits from here especially for financial stability and a great source of income. It will provide us more and we totally enjoyed it. It's amazingly performance delight us and it will make us more productive than before.

For the third world, I don’t really think it will have any bad impact on them, I believe there are some internet wizards who live and knows what’s trending. There are people in third world that made a lot of money through Bitcoin, so I believe it is having a good impact there. If it doesn’t, u believe their government will ban it to prevent further loss. And for the whole world, hmmm, there are some it disfavored and they had to stop it in their country, and there are also those that it favored.

Actually no matter which country you do live on we do know that not all people dont have awareness on whats happening on their surroundings theres always an internet wizzard and its true there are already people who get rich on crypto. The thing listed on poll are not totally a selection but rather a questions. Crypto do affect life in any way specially to those people who do have awareness on it. It is majorly affect peoples lives than on economy of a certain country.