important point

[South Park]

Bitcoin directly won't solve any of the pointed issues. But think further a little bit. The debt of the country can be paid faster if the citizens of that country don't need too much assistentialism and if the economy is going well, collecting more taxes from the productive sector this way.

Bitcoin can help this way. Citizens will have access to different investments that weren't disponible before without Crypto-Currency; New job opportunities (online) will be available, paying in BTCs. With the correct incentives, a country which recognizes Bitcoin can be benefited by the currency, indirectly, as citizens will have an extra income, boosting the local economy, decreasing debt and poverty.

With a better form of money that doesn't steal from its citizens like fiat does or that doesn't charge the huge fees that the banks charge then the economy is going to do better, that is a given, the problem for governments is how to capitalize this? Since it's very likely that at that point governments would have lost almost all control over the economy and they will not get much taxes out of it.

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[Cacingkemi]

Certainly not gonna happen.You're way far from thinking mate. Existence of BITCOIN will do nothing. It is just a digital currency and it doessn't have anything to do with poverty. Don't be so unrealistic pal, POVERTY will never be gone and that's a fact even if you stay here a THOUSAND years longer.

Poverty can't really be disappear from this earth's civilization but at least if they learn what BTC or Crypto can they start a business from it.For example,there are many unemployed people in the real world but they do business in crypto,which is only through internet media.Gradually the balance occurs between the rich and the poor.

[arsenti]

Certainly not gonna happen.You're way far from thinking mate. Existence of BITCOIN will do nothing. It is just a digital currency and it doessn't have anything to do with poverty. Don't be so unrealistic pal, POVERTY will never be gone and that's a fact even if you stay here a THOUSAND years longer.

Poverty can't really be disappear from this earth's civilization but at least if they learn what BTC or Crypto can they start a business from it.For example,there are many unemployed people in the real world but they do business in crypto,which is only through internet media.Gradually the balance occurs between the rich and the poor.

That is also my view, of course a currency alone can not end poverty, also poverty cannot be ended if the rich get a bit more generous and pay the poor...it will only have a short term effect. Buying fishes for a homeless one is a nice gesture, but thousand time more valuable is to teach someone fishing. Crypto can be seen as a tool to catch fishes and people just need to start using it.

[TheClownSong]

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

If government allowing bitcoin, does not mean can use for paying government debt. Bitcoin or cryptocurrency banned in many country and still not accepted as currency.

[BTC_BTC]

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

positive and negative effects
negative: bitcoin can be used as a means of money laundering, and affect a country's economy if the majority uses too much
bitcoin.

positive: providing employment in a country, although not comprehensive it can reduce the unemployment rate.
that's my opinion please correct it if it's wrong.

[Dimon8]

Adoption by the government of BTC and other crypto currencies only strengthens control over the financial flows of the population. Thus, you can defeat corruption, and can also strengthen the economy of the country.

[NicoleMorgan764]

The advancement of science and technology, the cryptocurrency market will make the technology of that country grow. Potential market.

[fauzan Ichsan]

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

If government allowing bitcoin, does not mean can use for paying government debt. Bitcoin or cryptocurrency banned in many country and still not accepted as currency.

i think government legalizes bitcoin because it has to legalize it to keep up with the times, but not for now. and it is hoped that with the legalization of BTC can increase the welfare of the community

[justspare]

Certainly not gonna happen.You're way far from thinking mate. Existence of BITCOIN will do nothing. It is just a digital currency and it doessn't have anything to do with poverty. Don't be so unrealistic pal, POVERTY will never be gone and that's a fact even if you stay here a THOUSAND years longer.

I still find it surprising when a lot of people think bitcoin is just going to be like a magic wand you just fling and voila, every problem becomes solved.

Poverty is something that would be hard to see go away and some of the things the OP mentioned are things that even blockchain cannot solve if the government still remains corrupt and people still live in penury.

With or without bitcoin, some governments in some rich countries would not even be in debt if funds are not looted and properly managed, people economy being improved from what I mentioned first, and then with people finding a way to make a good living, poverty level tend to decrease, but we all know that is a hard thing to get.

[sempak bulong]

What I think about bitcoin is that it will improve people's economy and the quality of society, because blockchain technology gives us comfort and profit.

[ecnalubma]

Decreasing poverty level is quite unrealistic since everyone should educate thereselves before getting involved in crytpto. Same as can pay debt of the country, but as an advise everyone should be very carefull adn should not go all in in crypto unless you understand its perspective.

[Aikidoka]

Improving the economy of the country is what bitcoin would help with. In fact, there are many unemployed people. The government is quiet about it and it is not providing them with jobs. With the help of bitcoin, you will not find any jobless people because they will try to deal with bitcoin. I am not saying that bitcoin will replace real life jobs, but at least it will be a good source of income that will cover your needs and buy you whatever you want to buy.

[South Park]

Certainly not gonna happen.You're way far from thinking mate. Existence of BITCOIN will do nothing. It is just a digital currency and it doessn't have anything to do with poverty. Don't be so unrealistic pal, POVERTY will never be gone and that's a fact even if you stay here a THOUSAND years longer.

Poverty can't really be disappear from this earth's civilization but at least if they learn what BTC or Crypto can they start a business from it.For example,there are many unemployed people in the real world but they do business in crypto,which is only through internet media.Gradually the balance occurs between the rich and the poor.

The problem is that by the time they learn about this market and get access to it the market will be saturated already, many people that are creating new business have the advantage that despite the competition there is still a lot of room for growth and by just being here first they can beat other bigger businesses simply because they entered the market first, but the longer it takes you to enter the market the less benefits you are going to get out of it.

[jack wira]

bitcoin has many aspects of his profit rather than loss for the government, he feels that his tax is not monitored but in private the community is very helpful.

[roxbit]

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

Yes, its true that some countries prohibits the use of bitcoin so the impact on bitcoin on the economy is little bit like nothing, but it don’t mean that it is not going to leave the impact on economy, as you know many country decide to make cryptocurrency trade illegal, and this is the reason behind the cryptocurencies don’t make much impact on economy of the country.  Its impact on economy on global scale can not be predicted but it can be said it will be a step in a right direction.

[ocid]

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

I can assume that if all countries can formalize bitcoin, it is possible that it can improve the economy of its people, especially for people who use this modern technology, because as we all know that almost the entire world that has internet access knows modern technology in the form of this digital currency.

[PiPiNoooo]

I am sure if the government accepts bitcoin then its people will be far prosperous and sufficiently. The countries are liable to increase per capita income. In addition, transactions in the country also become easier, cheaper and faster.

[manyu22]

I am sure if the government accepts bitcoin then its people will be far prosperous and sufficiently. The countries are liable to increase per capita income. In addition, transactions in the country also become easier, cheaper and faster.

yes, I'm also sure that if the government accepts bitcoin, the country can be helped if the country is involved with economic problems, because bitcoin can be profitable for investors

[andriarto]

I am sure if the government accepts bitcoin then its people will be far prosperous and sufficiently. The countries are liable to increase per capita income. In addition, transactions in the country also become easier, cheaper and faster.

yes, I'm also sure that if the government accepts bitcoin, the country can be helped if the country is involved with economic problems, because bitcoin can be profitable for investors

i think government is still looking for the right policy to legalize bitcoin, besides they wait and see its development, because many developing countries are not ready for many things if legalized

[ToyotaFortuner]

I think the very important point is that you have to be able to still be able to control the patience that you have and as much as possible to not be too much to take on debt as much as possible, not take debt.