Bitcoin plays a vital role in the economy

[inthelongrun]

People are wrong if they think governments cannot impose tax business entities that accepts bitcoin. Another thing some people believe is that bitcoin can play a vital role in a country's economy and that it can make third world countries into the best in the world.    

[princeyeboah]

Bitcoin has a very great positive impact on the economy of each country that accepts the use of Bitcoin. Bitcoin comes as a package which offers job opportunities like Blockchain technoogy analyst, developer, bounty hunter etc. Also, Bitcoin gives its users the ability to own total control over their financial transactions due to its decentralized nature. In the long run, the economy is enhanced as the people enjoy all these benefits from Bitcoin.

[BoyleWilder]

It is often still bound by the tax liability rules regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits

[ngacengan]

yes bitcoin can play in the sensitive areas of the world economy, because bitcoin has a good development and bitcoin is the first digitized digital currency that has sophisticated and secure technology so it can lure the market to use it.

[Wong owah]

it is true bitcoin plays the economy in indonesia, because bitcoin income in indonesia a lot, now bitcoin is decreasing, so income of economics in indonesia can be stable, but bitcoin sure its price will return stable.

[nguyentuanduongg1995]

In Asia there are many startups trying to reach the world. NEO, an open source blockchain platform, was developed in Shanghai and has NEO copper that topped the world's largest capitalized electronic currency. According to founder Da Hongfei, NEO is designed to "connect the digital world to the real world." More than a dozen startups in and out of China are developing NEO-based "distributed application" software. Among them are Red Pulse, a company that provides a semi-auto stock research system that uses AI to collect data and generate research reports before being edited by humans. Red Pulse's clients include Bloomberg and several other financial news outlets.

[Gen-8]

As a substitute for fiat currency in the future, this is definitely a work that Bitcoin must do to get everyone to trust the workings of Bitcoin, and more and more users. Bitcoin is also a clear proof of the future development of digital technology that we will use later in the future.

[kevintrang]

BTC is something important in the economy, as we can see that BTC has grown strongly over the past few years

[Gyromancer]

Yes, it is true, I think that this bitcoin plays a very important role in the world of economy. Many people are successful through bitcoin. Does not a country want its own independent, affluent, and prosperous people? As far as I monitor bitcoin users, they are much better off in the economy. Their lives are changed to better by bitcoin. Many emerging young billionaires from this bitcoin business, especially those close to me. If more and more are jumping on bitcoin business then more and more people become to succeed.

[supandi wiharja]

Indeed bitcoin has played an important role in my economic life and some people who already know the virtual currency like bitcoin, thanks to bitcoin their life becomes financially better.
But i think for the world economy, bitcoin does not play an important role, because until now the existence of bitcoin has not been accepted worldwide, there are still many governments that have not legalized bitcoin, because the government needs careful consideration to legalize bitcoin.

[Rubble898zaitO]

I believe that Bitcoin plays a vital role in the economy once it is legalize by the national government. It can help in providing jobs to a lot of people, governmenst can also inposed taxes on Bitcoin transactions, that way, it can also help the economy of that country. Let's just all hope that it will not just go to the pockets of those corrupt offcials in the government. It's high time that we all help and do our part for the improvement of our economy.

[cotton ball]

I believe that Bitcoin plays a vital role in the economy once it is legalize by the national government. It can help in providing jobs to a lot of people, governmenst can also inposed taxes on Bitcoin transactions, that way, it can also help the economy of that country. Let's just all hope that it will not just go to the pockets of those corrupt offcials in the government. It's high time that we all help and do our part for the improvement of our economy.

corruption does not matter if regulation has been made, but I have not believed in a supervisory agency working to monitor them, I do not think they can ever 100% follow up any illegal activity from anyone and there is no formal agreement if someone wants to do money laundering on media crypto.

The Bitcoin economy has the potential to reach all sectors of society and of course it brings a huge economic impact, but there is one problem where the government will never be able to make binding rules because all the bad things can be done with the internet that is beyond their reach.

[zoeylee]

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.

Yes it is true that bitcoin really open doors to people to earn profit. Government can't benefits from bitcoin but it makes people go on living because they earn profit from it.

[marlo1001]

it is true that governments want to get part of your money, they need always get some fee for all things people are doing in the country

[RedzoneASE]

Yes, bitcoin is already be considered as a great player in different countries economy. We all know that bitcoin could give a massive growth of wealth. In this matter many individuals in different sides of country tried to invest and become successful which take home huge amount of money in their country.

[bitcoinman93]

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.

bitcoin plays a very little role in economy nowadays. It's just a very tiny part of the economies in general. But if it succeeds, it can help in many factors, for example to import/export businesses...

[Zahrowil Qolbi]

I really agree with your opinion. if governments agree to legalize bitcoin, and exploit it for the sake of the state, it will surely benefit all parties. but when there are a handful of people who use bitcoin for a crime or a bad thing, it will damage the image of bitcoin and cryptocurrency. whereas bitcoin has more benefits.

[Oppang Inamo]

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.

This is so accurate. Come to think of it, bitcoin is so popular nowadays and has really a huge impact to the economy of a country. And if bitcoin will be legalize and approve by a certain country it can really help to the economy to soar high. Though bitcoin is nontaxable and decentralized, still it can be an opportunity for everyone to be richer, and to help the economy.

[Indah_twin]

right. because now many people who do not have a job even the poor now can get a job and get the results of their investment. calculate the count for additional needs for their daily economic needs .

[Bitcoinismylife12345]

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.

Just because users of bitcoin don't pay their taxes while spending and investing money it doesn't also means that it has a huge effect to the economy. People don't always pay taxes for all the things that they always do, using cryptocurrencies can't be that powerful bad effect unless all people in the world uses it.