impacts off cryptocurrency

[Skyrah2008]

crypto currencies are addition of income for the poor state and some people who are seeking for job home base! crypto currencies are the best impact to the bank, this is the call for them to change  and give more profit to the people around if they want to keep their customers investing on their company coz if they will not do anything they will at zero investors and depositors the way bitcoin engaging to thee public and its profit

[AVAMONEY]

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 a small redistribution of wealth as some people get lucky and hit it big, however on the wider economy it does very little. It's a useful tool but doesn't really change much in terms of economic efficiency, at least not yet. There are some promising developments that are coming though but crypto is more of a tool to guarantee freedom than one to stimulate the economy.

Can't agree more, the people who lucky enough to hit it big is just a little part of the cryptocurrency community, the other's still struggling or even losing their money because mainly it's the redistribution of wealth, could create a gap between rich and poor, also the money circulating will be the same but with just the ownership of all these money will always changing.

Strongly agree, for now bitcoins as tools to guarantee freedom, not more. We can't expect more, because to stimulate economic growth requires support and governance as well as the central bank. Meanwhile, to make a policy about bitcoin trade itself is still being developed. Forget the third world countries and poor, because some big countries still have problems in getting rid of the economic gap through ownership of this bitcoin.

[zarados]

perhaps those who have felt the impact on cryptocurrency are the countries with the most cryptocurrency adopters, in this case, most of them are developed countries that are almost over 10% of the population have known and used them. As for developing countries and below them, I don't think yet to show the impact of this technology. For the impact in general, of course, there are good impacts and unfortunate impact. One of the good impacts is, transactions between countries become easier and faster and require only a small fee. While one of the bad impacts is, this technology is used as a means of crime such as the sale of forbidden goods and money laundering path.

[Ahiaba]

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?

Crypto currency has both positive and negative effect on the economy of a country particularly the underdeveloped nation of the world. Crypto currency is an avenue for income generation for the populace of both developed and developing countries which will invirably increase their purchasing power and economic activities thereby leading to economic development in the long run. But the effect of crypto currency on the economy is that it encourages money laundry particularly from underdeveloped nations to developed countries and that has economic disadvantage on the underdeveloped countries.

[DriftKing]

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 social and economic impacts of cryptocurrencied are faster and safer transaction that will lead to a better society to live in. It can ultimately change third world country and internet is the key.

[jatin729]

Impact of cryptocurrency is nice topic tho, let's talk about in surrounding we can see so many ICOs are going and mnay of them are successful and implemented in markets. Now market become Decentralized this is first impact.
second is economical impact which is far away from our thinking because technology which is running  behind crypto is becoming popular in world like IBM implemented blockchain in import export with maesrk LTD. In Dubai they have implemented blockchain even many banks like Barclays thinking about that technology can really helpful for them.
Third impact people are now much more focus on crypto because crypto has more profit than Stock market trading, It might be make impact on stock market trading.

[Osarman]

Poor countries will remain poor, as the backlog from civilization will increase. And economically developed countries (for example, Japan) will improve their economies and financial system. Blockchain technology is like electricity, which replaced steam engines in the early 20th century.

That is just one shit that cannot erase. Just few people who are able to get out of such shit hole and get a bit exposed to the opportunity they can have to do good for themselves, may end up liberated.

After all, looking at the way so many of the poor countries are far behind and the fact that they are limited to information to even do well for themselves, then, there is absolutely no way things can change that much.

[v0rtecxz]

I think a lot of the impact that crypto from bitcoin produces has a higher selling price than others, and maybe for some people make bitcoin as an additional livelihood, and some people make the main income to help meet their needs, and bitcoin is helpful for a number of unemployed people because they can earn money from digital currency, and it will also have an impact on the country itself as it will reduce poverty and improve the economy

[Sexie]

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?

.   I believe that crypto currencies in the third world countries could Help And it has a huge impact to their economy, especially when those people at the lower Class could be introduced what Bitcoin is all about  and How it Will changed their lives in the future.. ON the other hand. It is yet could hardly imagine it that there is still a huge  hindrance to become successful in Bitcoin selling or Bitcoin buying or Bitcoin exchange. We should consider things  to be modernize and knowledgeable of using internet and gadgets.

[Nahl]

the biggest impact for each people from being cryptocurrencies users is the opportunity to making money and most of people has felt this thing so if there are some people able to making money from cryptocurrencies and automatically will able to feed their families with buy daily life then indirectly this is will bringing good impact too for the particular countries because if the citizen health from financial side then the countries also will prosperous too 

[eaLiTy]

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 economic impact is huge as we have a new investment platform which is decentralized and the only investment that is global and the market works round the clock unlike other markets who shuts down during holidays and it is still in the beginning phase and i am sure we will cross a trillion valuation in three years time ,i am not sure how this will help the third world countries if you are not invested  into it.

[Yamifoud]

I think a lot of the impact that crypto from bitcoin produces has a higher selling price than others, and maybe for some people make bitcoin as an additional livelihood, and some people make the main income to help meet their needs, and bitcoin is helpful for a number of unemployed people because they can earn money from digital currency, and it will also have an impact on the country itself as it will reduce poverty and improve the economy

That's right. f this technology is not useful to us, it could be probably that it won't survive until now. The creation of cryptocurrency is just to promote a new generation of currency which is very applicable at this time. We are evolving into a new era( computer age), computer and internet base transactions are very often at this time. Having using this currency it gives us a comfortable life, in which we can make transactions anytime at our own choice.

[Umar001]

The impact of crytocurrency, is majorly seen as that people now are more attracted by the feature of blockchain and are integrity their system to use it in their company, another impact of crytocurrency is the user have got a new way to invest their money.

[kolbalish]

The impact of cryptocurrency is one of the popular issue. It is increasing day by day.People can earn money easily by this.Bitcoin is the mother of all cryptocurrency.I think,its impact on our real life is positive.

[muamalah]

Cryptocurrencies have eliminated financial barriers by allowing people to conduct online transactions using virtual money at a lower cost.Today, some cryptocurrencies have dominated the financial world. Cryptocurrencies such as Bitcoin, Litecoin, and Ether have become popular currency alternatives and used to purchase items electronically.

[Naoko]

crypto currencies are addition of income for the poor state and some people who are seeking for job home base! crypto currencies are the best impact to the bank, this is the call for them to change  and give more profit to the people around if they want to keep their customers investing on their company coz if they will not do anything they will at zero investors and depositors the way bitcoin engaging to thee public and its profit

unfortunately, I don't see options as poor states can earn...many don't even have free Internet access...I'm sure that there is a cryptocurrency for developed countries...at least for now

[justdimin]

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 is possible in terms of finances and the surrounding community, a lot of cryptocurrency players like bitcoin who were originally just ordinary people and can not afford now can become rich. so the big impact is their finances.

Lots of people earlier who does not even have much to save up offline to buy crypto, worked for it and imagine someone who has been doing that since let's say 2013 when things are slightly starting to boom then, would pretty much have been able to save a lot right now and be doing very well.

The impact is great and in personal lives, it can really help them to achieve pretty fast. In the economy of a nation at large, it totally depends on the population of those who embrace crypto, because if virtually all the populations are doing well, things will be going well economically.

[ausbit]

the biggest impact for each people from being cryptocurrencies users is the opportunity to making money and most of people has felt this thing so if there are some people able to making money from cryptocurrencies and automatically will able to feed their families with buy daily life then indirectly this is will bringing good impact too for the particular countries because if the citizen health from financial side then the countries also will prosperous too 

Crypto will play an important role in the future it will be main thing people will use in the future and yeah crypto has a lot of impact on people life those who are truly devoted to the crypto they want to see crypto system all over the world and this will happen and bitcoin will surely change the lives of people and it doesn’t matter about class if proper info should be provided to the community the journey to the development get easier.

[congresowoman]

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?

Cryptocurrencies have impacted the world one user at a time. With the use of cryptos, transactions became more easy and as well as more faster. Cryptos allow users to transact with anonymity while taking control or hold of their money.

[queenhallmark]

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.

The impact of Bitcoin is on the economy of Banks higher than other trade. Due to the popularity of Bitcoin people use bitcoin to exchange and make trade which directly make impact on Banks. Other Departments also impacted but not too much.