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andriarto
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September 07, 2018, 06:34:43 AM
 #141

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

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September 07, 2018, 08:32:37 AM
 #142

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.

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September 07, 2018, 09:16:09 AM
 #143

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.
this technology is a good only to those people who fully understand the system of cryptocurrency as this has no assurance that every people who invested in crypto will get a profits. The uncertainty level plus the risk is too high as everything is unpredictable. This technology can't be the savior of us unless ourselves should embrace the system of crypto as there is no easy way in getting rich and to be profitable in this technology will takes time.

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September 07, 2018, 11:14:22 AM
 #144

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.
Nothing so important about the point. These are some things that can only be curbed if the government is serious to curb it and it depends on how funds are managed well. Have you not thought how some rich countries for instance in Africa still have higher percentage of their citizens living below $1 per hour in a day? That is a fact!
This is because the government is corrupt and bitcoin is not just going to be a solution to a government that is not ready to rid her from corruption and in that case, it would be hard to see all those things the OP listed solved just like that.


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September 07, 2018, 12:16:22 PM
 #145

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 disagree. bitcoin is a currency, you can think of it as a tool too. and it is not a magic tool to make money for anyone who has ever gotten involved with it. so it can not decrease poverty, it can not improve economy of a country and can not do a lot of other things.

in fact bitcoin may have increase the poverty! there have been a lot of newbies who started investing in bitcoin in the past couple of months and many of them bought on highs and sold after a dip which led to losing a lot of money, then bitcoin went up they bought back too late and panic sold in the correction/dip and lost a lot more money.

this has nothing to do with banning or not banning bitcoin though!
I totally with this opinion. I can also see that Bitcoin is just the "tool" for each and everyone of us to attain our goals in life or havingfinancial freedom, and improve countries economic status but it will still depend on us users as we all know that Bitcoin is a currency or an investment though it requires knowledge for us to be successful in this industry I mean it is not something like a plug and play device that we can easily use all the time, it needs skills, strategy, methods and of course patience as it takes time for us to gain profits.

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September 07, 2018, 02:30:38 PM
 #146

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 agree on you, japan right now is using cryptocurrency to improve their own economy and that's the reason why their own people is living in wealth so i hope that bitcoins someday will be recognized on other countries as well.

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September 07, 2018, 02:38:48 PM
 #147

bitcoin could also bring new job opportunities, new businesses and will hold really help the country in the economic side, more excited about how bitcoin could change the transactions system, easy transactions between countries, and transparent transactions using blockchain system, it will be so great if all countries agree to accept bitcoin...
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September 07, 2018, 02:42:39 PM
 #148

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 don't understand how this will be realized in your understanding.
I believe that the recognition of bitcoin by currency can harm the economy of the country now, because there will be a lot of uncontrolled funds, but it will attract many smart people and companies that will develop technology in the country, which in the future will become the determining factor.

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September 07, 2018, 03:29:41 PM
 #149

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 agree on you, japan right now is using cryptocurrency to improve their own economy and that's the reason why their own people is living in wealth so i hope that bitcoins someday will be recognized on other countries as well.
Bitcoin is a technology,purpose of technology is to help in many ways and to make things more easier and simpler. Like all technologies this one will do what you program it to do. I don`t understand how using cryptocurrencies can pay off some debt, you need to make money, or crypto currencies and than you need to pay the debt with that. Simple explanation you need to have something already and than to add some technology
for more efficiency.
Cryptocurrencies can create more healthy economy than current economy is. With that will come more money and if you distribute that more money in the right direction you can lower poverty in the country.

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September 07, 2018, 04:31:26 PM
 #150

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.
Governments do not care at all about the positive effects that bitcoin may have on the economy or on the people, they only see the negative points that bitcoin is going to bring to them and since they are completely selfish and only care about their positions and their jobs then they do not want to accept bitcoin because they fear they are going to lose it all and they are right.
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September 07, 2018, 09:53:29 PM
 #151

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

That will be depending on the country you are on because most of the people in the corporate world today does not have the same opportunity since other countries are banning bitcoins on their area.

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September 08, 2018, 01:25:20 AM
 #152

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 bitcoin regulate and recognized by government, it still can not used for paying government debt. Government can not make speculation or investment because government is regulator but i am agree that bitcoin can improve the economy of peoples.

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September 08, 2018, 03:02:16 AM
 #153

there are still many benefits to be gained if the government accepts bitcoin as payment money but the government just doesn't want local money to be replaced by bitcoin, because local money is a characteristic of the country
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September 08, 2018, 03:28:40 AM
 #154

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 couldn't agree more. But life is like an accounting transaction where there will be the value received and value parted with to put it into a more understandable language it has advantages and disadvantages such as uncontrollable illegal transactions that are hidden due to bitcoin is well known for distributing a large amount of money.














 

 

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September 08, 2018, 03:35:25 AM
 #155

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 agree with you fellow. These can all happen of the government agree for bitcoin or the cryptocurrency. It helps a lot especially to those people whose income is just enough to support the basic needs and most of all to those jobless.
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September 08, 2018, 03:42:25 AM
 #156

yes you are right the government should be able to help the development of the economy in this world to be able to get better but maybe by banning the circulation of bitcoin maybe the government will experience the loss you mentioned.

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September 08, 2018, 10:46:33 AM
 #157

I would add some other topics also:
 - influence on the state currency
 - using of the bitcoin for criminal purposes in the country

I agree that bitcoin is using by criminal purposes, Because all of the transaction here is hidden. The criminal dont need to be afraid to kill someone to get money with no evidence at all by using this by paying them.Money is all in the world and some of the people doing bad things just to get more of it.
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September 08, 2018, 02:22:08 PM
 #158

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.

There's absolutely zero reason to expect that simply switching to bitcoin would solve any economic problem. It's not a silver bullet. It doesn't change anything about the economy. That's like saying the US switches to the Peso and suddenly poverty is solved. It makes no sense. Switching the underlying currency doesn't solve anything, it just means all the economic problems are denominated in the new currency now. Literally nothing changes. Bitcoin will not help pay off the national debt, will not increase the economy, and will not decrease the poverty level.
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September 08, 2018, 02:44:00 PM
 #159

I would add some other topics also:
 - influence on the state currency
 - using of the bitcoin for criminal purposes in the country

I agree that bitcoin is using by criminal purposes, Because all of the transaction here is hidden. The criminal dont need to be afraid to kill someone to get money with no evidence at all by using this by paying them.Money is all in the world and some of the people doing bad things just to get more of it.
it is small amount if compare with total money circulated in cryptocurrency.many people spread news about crypto usage in criminal case. less than 2 percents maybe.
zubrr51
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September 08, 2018, 02:53:34 PM
 #160

As an option, why countries accept crypto-currencies, this is the desire to support their own currency, tying to the rate of crypto-currencies.

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