Bitcoin plays a vital role in the economy

[3angel84]

On the other side,I mean positive impact brought by bitcoin to our economy,yes it is,it plays a vital role in the economy,if bitcoin elevate the financial status of each members so,theres also a growth in economic status of the country,if people has money to buy some products then the economy of the said country will also prosper so much more if in the future this currency will be use,I can imagine how progressive economic status of the country will be,

[Tylev]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Your statements, in my opinion, are somewhat inaccurate. It can not be asserted that a crypto-currency can not be taxed. Now many countries quite successfully apply taxation to the crypto currency. In Japan, for example, the introduction of taxation over the past year brought profit to the economy of the country and increased the country's gross national income by 0.3 percent.
Also it can not be asserted that the crypto currency is vital for the country's economy. Before that time, the economies of all countries managed without a crypto currency and could continue to do without it. Crypto-alyut is more needed by citizens than the state.

[Obito]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Yeah, bitcoin plays a vital role in our economy even the life of the people. This will opens many doors of new markets which affects mainly the economy of many country here in our world. Many people are saying that bitcoin is illegal because it doesn't get taxes from the people who use it.

[gaurav82]

In whole world more people have more ways to save taxes. Some are legal and some illegal. So Bitcoin is not only one. Second thing is some government get strict and has full eye on Bitcoin transaction. Because of it getting hard to hidden income by Bitcoin.

[wewe123]

Bitcoin plays a vital role in the economy because if you look at it , in terms of business this is connected to the economy only that government has no right to employ policy over bitcoin, so bitcoin helps people to participate to the global economy, where in cryptocurrency and the use of mobiles phones access the modern banking and other financial services through the blockchain.

[stely41]

Bitcoin plays a vital role in the economy because if you look at it , in terms of business this is connected to the economy only that government has no right to employ policy over bitcoin, so bitcoin helps people to participate to the global economy, where in cryptocurrency and the use of mobiles phones access the modern banking and other financial services through the blockchain.

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate.

[CryptoMoar]

bitcoin has a significant impact on the economy in all countries. all investors have chosen bitcoin as a replacement for stock or money as a means of transacting with everyone. so greatly affect the economy of the country. and bitcoin becomes an alternative to investing media in addition to stocks, land, buildings or bank deposits.

[ivrynx]

Bitcoin plays a vital role in the economy because if you look at it , in terms of business this is connected to the economy only that government has no right to employ policy over bitcoin, so bitcoin helps people to participate to the global economy, where in cryptocurrency and the use of mobiles phones access the modern banking and other financial services through the blockchain.

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate.

I don not see how they became disruptive, if you really take a look at it, banks are considered to be more disruptive than we think, whenever there is a project for the economy and banks will be paying for it and not the people's taxes, they can hide from the people, an example is hidden fees that the banks will charge you, banks can also manipulate the stock market and can ruin a good business, but as for crypto currency, if people had adapted to it, we will have freedom on what we buy, for now we do not see any major projects coming from crypto currencies like building a bridge, a mall, security and defense and militarization, if there would be a project like that, we can compare the two, which is really disruptive, and going back to history, whenever there is a war, one banking family is funding both sides of the war, and that is just to get more income. For now, we are just about to see the real importance of crypto currency once, a country will grt out of debt using it and i believe that is one of the reasons why europe wants it to be regulated, sincethe PIGGS could easily pay their debt, even without costing them.

[patispace]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

No, I do not think that the importance of bitcoin in the current economy is as great as OP thinks, because its market and its level of acceptance is still too small to influence in such a remarkable way in the current economy. I think it is still a long time before the cryptocurrency market can dramatically influence the global economy, and when the conditions are right for that to happen, bitcoin will have to face a great competition of new and more advanced cryptocurrencies that threaten to gradually displace bitcoin from its current hegemonic place.

[komatovo]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

No, I do not think that the importance of bitcoin in the current economy is as great as OP thinks, because its market and its level of acceptance is still too small to influence in such a remarkable way in the current economy. I think it is still a long time before the cryptocurrency market can dramatically influence the global economy, and when the conditions are right for that to happen, bitcoin will have to face a great competition of new and more advanced cryptocurrencies that threaten to gradually displace bitcoin from its current hegemonic place.

Earlier all the monetary transactions were enabled through central banks (directly or indirectly). Now, with the evolution of Bitcoins, the scenario has changed. The power that was vested in the governments and central banks is shifting to the masses.

[Shenzou]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

I agree on the fact that they can use it for their advantage, but use its technology not the actual currency it self, because as you said its controlled by none which makes it difficult for them to control it and know where transactions are coming from and where they are going, which could cause some heavy money laundering, i am not against it but if bitcoin is the key to solving some economical issues and bring improvements, than there needs to be a way for transactions to be monitored.

[Baimovic]

I agree with your opinion, crypto has a very important role to make a country's economy better, and decentralization is a different system, decentralized system unlike dollars and other fiat currencies. venezuela success by creating petro, swiss will also create crypto.

Crypto always survive, even able to survive from geopolitical conditions, in 2016, the value of the dollar fell because of geopolitics, but cryptocurrency does not get the impact of geopolitics, so the price is stable.

[SUDARMONO]

Yes it is true that many countries that do not like bitcoin because the country can not control bitcoin, should the country take a positive gap.

[sabihanazir]

Yes, bitcoin plays a vital role in the economy because bitcoin helps people to participate to the global economy, and it will opens many doors of new markets which affects mainly the economy of many country. Bitcoin gives more advantage for the people than the country. But some countries don't like bitcoin because they don't gives taxes from cryptocurrency.

[Google+]

yes you are right in my opinion bitcoin could be an important role of the world economy in the future which have started using digital currency like bitcoin for its main finance. it's better now to have as much bitcoin as possible.

[BChydro]

In whole world more people have more ways to save taxes. Some are legal and some illegal. So Bitcoin is not only one. Second thing is some government get strict and has full eye on Bitcoin transaction. Because of it getting hard to hidden income by Bitcoin.

If a government regulates bitcoin then it will be hard to invade tax, with it as long as you convert the coin to your fiat currency, the advantage is that we will have more control about our financials because no government can tax me for the assets stored in bitcoin.

[BLTC]

I believe that bitcoin, cryptocurrency or the blockchain system in general has a very vital role to play in the economy. What I'm seeing right now, bitcoin doesn't limit anyone, regardless of your background, status or whatsoever to joined the program. You can invest, work, trade and so on using this platform. That's a new sense of freedom to individuals. That's the fact that I love about it. And that being said, many people could get involve and it will in a long run affect the economy.

[mikki14]

Cryptocurrency really has a vital role in the economy, and is not limited to crypto holders, it also effects the gaming industry and has a great effect on the advancement of technology. The demand for GPUs dramatically increased, and the need for more advance processor also increased. That's why a more advance GPU that has low power consumption has been made.

[kidd07]

Cryptocurrency really has a vital role in the economy, and is not limited to crypto holders, it also effects the gaming industry and has a great effect on the advancement of technology. The demand for GPUs dramatically increased, and the need for more advance processor also increased. That's why a more advance GPU that has low power consumption has been made.

Even though bitcoin holders doesn't pay taxes to government but still it can contribute to economy, because as what I observe people who work in crypto and earn bitcoin has drastically changing financial life for better and if there are more rich people in a community then there are increase in monetary circulation because they will buy more goods and services in any establishment that have been tax out by the government.

[Hairpin]

Indeed, bitcoin is adding a dynamic element to the economy. The economic power which lies with the governments and financial institutions is at stake, making the big players wary of cryptocurrencies.