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Author Topic: Re: Is bitcoin helpful to the economy?  (Read 1500 times)
supermam
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March 08, 2018, 01:52:44 PM
 #81

Bitcoin helps people who can't find a permanent job they can join their signature campaigns and post on their threads to earn tokens and this will help the government and also the economy because this will lessen the problem of poverty i ones country.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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hakatu
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March 08, 2018, 02:01:01 PM
 #82

Bitcoin actually helps the people having another choice beside gold to keep. Should a country currency collapsed (due to war, economics, etc...), bitcoin still has its value (since it's not only the on one country economy, just like gold) and also easier to transact (better than gold!Provided internet). This should apply for most cryptocurrency that aimed in becoming a currency.
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March 08, 2018, 02:19:44 PM
 #83

I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.

Well, to make it understand in a simple way. Our economy will base on each society throughout the country which also relying the stock market in the world market. As you can see nothing involves at all on the stocks as well as the development of each society if we analyze on that way. As we know bitcoin is decentralized therefore it will help directly to the users or the people on each society throughout the country as they can afford to buy on their wants and needs so, as the people can afford to buy the economy become good which they can afford.
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March 08, 2018, 02:30:08 PM
 #84

It's helpful if bitcoin is considered as one of main currency in your country because in that way you will pay taxes for any purchase you will be doing with using bitcoin because the only way government can taxed out your bills is if youre using a currency under their care

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March 08, 2018, 02:48:07 PM
 #85

It's helpful if bitcoin is considered as one of main currency in your country because in that way you will pay taxes for any purchase you will be doing with using bitcoin because the only way government can taxed out your bills is if youre using a currency under their care
I don't agree. Bitcoin will never be used as the main currency for the state. The government will strictly monitor banks and to take taxes from any transaction for the sale of bitcoins for Fiat. Why would they legalize cryptocurrencies? They will always consider cryptocurrencies as an asset. In taxes they have nothing to lose but legally it is not allowed.
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March 08, 2018, 03:04:15 PM
 #86

I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.
Bitcoin nowadays are very helpful in the economy even if you are employ or unemployed you will have profit, bitcoin teach you on how to have a patience to wait on when you are going to invest, many country reduce the poverty because of bitcoin, and many people boost their confidence with the help of this, there is a lot of people become a marketing strategist of a company even if it is not their job, and many people have their own company because of this.
Kronos21
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March 08, 2018, 03:15:19 PM
 #87

I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.
Bitcoin nowadays are very helpful in the economy even if you are employ or unemployed you will have profit, bitcoin teach you on how to have a patience to wait on when you are going to invest, many country reduce the poverty because of bitcoin, and many people boost their confidence with the help of this, there is a lot of people become a marketing strategist of a company even if it is not their job, and many people have their own company because of this.
Name me one country that has reduced poverty and unemployment thanks to the advent of bitcoin. That's not so. Bitcoin is difficult to earn without the necessary skills. Poor people have to work hard to survive. They do not have time and money to study. Therefore, bitcoin is an unattainable goal for them. But bitcoin showed people the true price of knowledge. Maybe in the future it will change the world.
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March 08, 2018, 03:19:11 PM
 #88

I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.
This is hard because not everyone can earn Bitcoin free. If you invest in Bitcoin, there are too many risks, and you can not be sure that if you invest in it, you can make a profit.

vaughn125
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March 08, 2018, 03:33:30 PM
 #89

I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.


It is true that it is helping people that are very busy to have something to work on or a sideline to be more productive on their free time that can really help them be financially free or be more financially secured in life. But you also have to realize that this is not the case for everyone. Because you see, some people are already poor but gets rich while some are rich and gets poor and others poor and stay poor till the day they die. This is not because bitcoin was not around yet back then or is around already today. This is mainly because of how different people approach life differently from each other. And I believe that that thing right there is really what makes a person succeed and not the existence of crypto currencies alone.
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March 08, 2018, 03:45:30 PM
 #90

The only financial system that has seriously help people is cryptocurrencies and we most appropriate this tools and surport it. Bitcoin has been performing its purpose of  serving as a mode of payment for good and services and I prefer using bitcoin in sending fund from my country to another country because of the low fees, decentralization and speed .  Some people have also tried to used bitcoin in generating revenue by doing micro job online.
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March 08, 2018, 03:55:07 PM
 #91

I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.

For those who know bitcoin can benefit from bitcoin, and can make bitcoin as work. But if they do not know bitcoin, they will remain in a difficult economy.

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warrior333
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March 08, 2018, 04:08:04 PM
 #92

The only financial system that has seriously help people is cryptocurrencies and we most appropriate this tools and surport it. Bitcoin has been performing its purpose of  serving as a mode of payment for good and services and I prefer using bitcoin in sending fund from my country to another country because of the low fees, decentralization and speed .  Some people have also tried to used bitcoin in generating revenue by doing micro job online.
Bitcoin provides a wide range of ways to generate income but its main purpose is to be a currency. This is not happening now. we have to trade bitcoin for Fiat. It supports the economy but is contrary to the idea of cryptocurrency. They are designed to exist offline. Many users want to legalize bitcoin. But I think it will have bad consequences.
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March 08, 2018, 05:10:25 PM
 #93

Gradually my economy has gradually improved since I joined bitcoin. I do not know if this is the result I get after taking pains, or is it just the beginning? Economic improvement can be where anywhere in bitcoin. When work in my country is very difficult maybe this can be an alternative for those who have not worked.
This will effect to he people of those countries where there is no democracy and the governments are not having the firm grips on the economy of the country. There are countries where the rate of inflation is high, so the people have no other option than to save the money in some better currency. Preciously they use to do it in dollars or Pounds but now they have another better option for their savings which will give back a lot more than it promises.
And not only that bitcoin is better than fiat because when you use fiat protect yourself from inflation you need to use paper money and the authorities could know that you are holding Fiat but this is not the case with bitcoin since you can store it in your computer, in a hardware wallet on the Internet or in a paper wallet and no one will know that you have it.

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March 08, 2018, 05:14:21 PM
 #94

for me personally bitcoin is very helpful to my economy. because before I know bitcoin, I just expect a monthly salary at my work place. and now I can earn extra money from bitcoin, and the thing I like best is trading in this crypto world.

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March 08, 2018, 05:16:57 PM
 #95

Bitcoin really helps the economy for someone who uses it, primarily for people who do not have a job and even they use it as an additional income.
I feel grateful for knowing bitcoin, because bitcoin has made me become independent and financially fulfilled.
I think we should all really take advantage of this wonderful opportunity, because bitcoin has helped many people earn an income.

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March 09, 2018, 08:36:27 AM
 #96

I can say bitcoin is helpful to the economy if the government in that country is collecting tax from bitcoin. And also many of bitcoiners now are unemployed people and bitcoin is really helpful to them so I think that would help the economy because bitcoin will lessen the unemployed.
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March 09, 2018, 08:43:56 AM
 #97

I can say bitcoin is helpful to the economy if the government in that country is collecting tax from bitcoin. And also many of bitcoiners now are unemployed people and bitcoin is really helpful to them so I think that would help the economy because bitcoin will lessen the unemployed.
for some people, bitcoin really does help the economy, and for some others it is not true, because they are just all in seeing others get success. well, they also want to like it without knowing the exact system of how to benefit from bitcoin. well, but I think it will make them learn.

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BitcoinLoan
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March 09, 2018, 09:05:04 AM
 #98

I can say bitcoin is helpful to the economy if the government in that country is collecting tax from bitcoin. And also many of bitcoiners now are unemployed people and bitcoin is really helpful to them so I think that would help the economy because bitcoin will lessen the unemployed.
Bitcoin have already been used to circumvent exchange and capital controls.For countries subject to political uncertainty or social unrest, cryptocurrencies offer an attractive mechanism of capital flight, exacerbating the difficulties of maintaining domestic financial stability.
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March 09, 2018, 09:46:33 AM
 #99

Suppose that bitcoin will become a universally recognized currency around the world. Then the price of the currency should be equal to the price of all the world's wealth.If bitcoin takes the leading place in the world economy it is necessary to take into account that the supply of coins is not infinite. One can only imagine how much it will cost one coin.Someday, the market capitalization of bitcoin will catch up or even surpass the market capitalization of gold.But for this, bitcoin will need state support.If States do not want to enter the cryptocurrency market, then bitcoin still has growth potential. It will be used by investors as an interstate payment system.Cryptocurrency is not subject to inflation. The States will have to adopt new financing mechanisms and taxation.

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March 09, 2018, 10:07:04 AM
 #100

I think Bitcoin is helpful to the economy because it helps the people, may they be employed or unemployed. It helps the people to be productive especially on their vacant times or when they are not working. Bitcoin is getting a lot if attention in many countriesnow because it really helps the people.
Bitcoin is not just helpful in fact it can really change the global economy. The effects of digital currency or virtual money is really changing the mode of payments these days as it is done internationally everyday, however bitcoin can destroy the banking system we have right now, the government may lose control over the economy specially the control over the fiats.
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