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Author Topic: Do you think economical condition can be develop by the help of bitcoin?  (Read 624 times)
nursahath07 (OP)
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November 16, 2017, 02:16:19 PM
 #1

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
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November 16, 2017, 05:15:39 PM
 #2

Because the world economy has been basing it's value off of FIAT money for generations Bitcoin can absolutely help the economical condition off all communities. With FIAT you can  create fake debt, and that is what the Federal Reserve, a private organization, that controls the money supply of the USD exactly does, but with BTC no body owns the supply it is shared so you can build a solid economy this way.



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LeGaulois
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November 16, 2017, 05:46:30 PM
 #3

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit.  
In future proper security and more effectiveness of virtual currency  can contribute economical development.

I am not sure to get your point but:

We don't need and we don't want any government or national security for anything with Bitcoin. Bitcoin has been created to give us a freedom from governments and full control of our money, etc. It has not been created to allow the governments to fuck us more.

What kind of security are you hoping for? There are "criminal attacks" without Bitcoin and it doesn't reduce people to work online. Besides this, Bitcoin has not been created to "work online" It's a currency using cryptography, not a job center.

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February 10, 2018, 01:06:22 AM
 #4

This is really very helpful in economic terms, if indeed the government wants to take part in this, the government must provide rules that are not complicated so as not to complicate the user. But most of the miners, many who do not agree to join the government in this case, because they think will be controlled by the government, reduce the freedom of its users.
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February 10, 2018, 01:19:24 AM
 #5

Most countries rely on fiat money for their economic benefit. Only a few recognize cryptocurrencies as an asset. This is the reality. However, if more and more countries continue to adopt cryptocurrencies in a proper way ofcourse, it may help the economy to rise. We may or may not want the government to have control over this kind of stuff because there may be occurences that we won't like. They may put tax on it or make trading real-name (similar to what happened in Korea). There may still be negative stuffs and it will probably make a noise here.

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February 10, 2018, 01:27:01 AM
 #6

in my opinion, yes. when many people used bitcoin and others, for transaction also for investment, it will increase the quality of life, with more confidence for next step to be succesfull and a government can get tax for every activity that use bitcoin/crypto

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February 10, 2018, 02:27:20 AM
 #7

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
Definetly yes! bitcoin helps developing economical condition of every country,just like happen now in my country that belong in the third world,mostly people 75% is jobless but when bitcoin introduce in our country  many people embrace it and the percentage of jobless will lower down because people become entrepreneurs,and start there way own of living because of bitcoin,and because of this happen economy also affected become prosperous and growing,people developed also there way standard of living because of bitcoin,so therefore digital currency have a big contribution  for the progress of our economy.

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February 10, 2018, 03:07:10 AM
 #8

In bitcoin, we cannot demand a strong support and security from government, because bitcoin is not actually control by government, it is a private business that made by a very mysterious person called Satoshi Nakamoto. Maybe your talking about security, it is all about the safety of all bitcoin users or bitcoin enthusiasts. For me, if we are victims of different criminal attacks or hackers, we cannot file a complain against them using government law. But I really agree your opinion about security system with the assistant of government and I hope it will happen soon.

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February 10, 2018, 04:12:05 AM
 #9

I mean if you're going to make the claim that bitcoin is a currency, let alone a strong currency, you're of course going to have to be wrong. Bitcoin is an asset that is used at the moment, it's not a currency in the least nor are many people actually using it for the reason which it was built. Right now all the money which is in bitcoin is from investors trying to make a quick buck, institutional cash.

THis isn't people trying to change the world when it comes to the new currency, bitcoin isn't that anymore. It's changed.




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February 10, 2018, 04:21:29 AM
 #10

I dont think government is needed to develop crypto, the government actually halt crypto to expand further, but now crypto is too famous to be ignored by thr government, so we only need government to not banned crypto, crypto currencies has helped so many people achieve the financial freedom and I think crypto can help to develop a better economic condition for a lot of people, a lot of sectors will implemented crypto and blockchain
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February 10, 2018, 05:40:24 AM
 #11

With the growing bitcoin in all walks of life will quickly change the economic growth of the people. With taxes the government will earn income. It will have a positive impact on our economy. People who are familiar with bitcoin, their lives will get better. Bitcoin helps economic growth.
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February 10, 2018, 05:47:40 AM
 #12

I do think that economical conditions can be improved by not just bitcoin but ,most importantly, by the help of the blockchain technology on which bitcoin is built.

Blockchain based system which focuses more on publicly verified transactions is already helping in the area of Insurance, Loan, Sending money internationally e.t.c

Another feature of the blockchain system, is the creation of smart contracts which enforces a transaction only if certain conditions are met.
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February 10, 2018, 05:54:30 AM
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Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit.  
In future proper security and more effectiveness of virtual currency  can contribute economical development.

I am not sure to get your point but:

We don't need and we don't want any government or national security for anything with Bitcoin. Bitcoin has been created to give us a freedom from governments and full control of our money, etc. It has not been created to allow the governments to fuck us more.

What kind of security are you hoping for? There are "criminal attacks" without Bitcoin and it doesn't reduce people to work online. Besides this, Bitcoin has not been created to "work online" It's a currency using cryptography, not a job center.



Not sure. But I think we need the approval of the government for this currency to be successful. We can either go underground or just wait for the government to accept, legalize or regulate it.
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February 11, 2018, 11:41:48 PM
 #14

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
You are right , all the economic development of the country depend upon the people of that country that how much they are developed by Thier earnings and how much they are satisfy to have Thier life happy with better amount of the earnings .
And no doubt that people are making lots of amount of the money from bitcoin and making economically more successful in Thier life and that is resulting into increase in the economy of the country .
So Ofcourse bitcoin is growing the economical condition to a better level of the countries where people are using at its best in their life .
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February 12, 2018, 12:27:02 AM
 #15

I really like this kind of topic, bitcoin is own by a private business, and until now government has no power and authority to control, hoping that government will provide assistants and security for their people only who accessed bitcoin, without any taxes being collected. We knew already that bitcoin is a tax free and it is not legally endorse by government, but only one thing we ask is assistant's in government for people's goods only. 
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February 12, 2018, 12:50:46 AM
 #16

Actually bitcoin are having a total big impact of economic contributions on different countries, and even bitcoin is a tax free but still the economic status and condition of a country will develop because of the total contributions to the people who used and accessed bitcoin as their business. Talking about security and safety, well it is a very good idea, but how can bitcoin ask assistant to the government if bitcoin is not connected to any government agencies? Hoping that someday it will come that bitcoin and government will have a final agreement for the security and safety of the operation.

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February 12, 2018, 03:54:24 AM
 #17

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
I am also not understand what are you trying to say?

Bitcoin is a decentralized technology so it doesn't need approval from government or the organization,if you want you can use it.And government can nothing to do with the security of bitcoin because it is highly secured and not hackable only the users have to keep their coins safely from the thieves who are looking to stole our bitcoins.
But if the government accepts bitcoins then they have also benefited from it and their country citizens can increase their standard of living.
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February 12, 2018, 02:32:28 PM
 #18

If only fiat money is not the majority's option in running the economy then yes, bitcoin can be an asset for larger economic benefits given that it is managed properly by the authorities. There are already a few countries adopting the use of cryptocurrency. The only problem with it is its volatility. Due to this feature of bitcoin, it still cannot replace fiat money. It is not made for buying groceries etc., it is meant for business. The government could make use of it in different applications but not a form of money that ordinary people can use for buying things. It is an investment.

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February 12, 2018, 11:10:56 PM
 #19

It all depend on a countries situation, if a country is having an economic trouble just like Zimbabwe before, cryptosystem is a really big help to recover and develop a country. Bitcoin is just an aid and really nit the main mean of making a country grow. There countries that cant apply this idea, infact some countries does bot allow it because they see it as a threat.
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February 12, 2018, 11:27:35 PM
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Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit.  
In future proper security and more effectiveness of virtual currency  can contribute economical development.

I am not sure to get your point but:

We don't need and we don't want any government or national security for anything with Bitcoin. Bitcoin has been created to give us a freedom from governments and full control of our money, etc. It has not been created to allow the governments to fuck us more.

What kind of security are you hoping for? There are "criminal attacks" without Bitcoin and it doesn't reduce people to work online. Besides this, Bitcoin has not been created to "work online" It's a currency using cryptography, not a job center.


I guess this is where most people are wrong. They mistaken bitcoin as some magical entity which would alleviate poverty and unemployment just because some people are getting money and jobs through it (indirectly). Unfortunately, even with this, poverty will still be present and people will still be unemployed because of the system. Bitcoin won't do anything or solve anything so long as the system isn't changed.

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