Is the existence of bitcoins a threat to jobs and national currencies?

[orayorayan2]

I hope this is not a threat but the solution is that every thing has good and bad things depending on the human being, indeed I often hear there are some people who choose to focus on BTC and leave their jobs. , but because I saw a lot of people who changed their economies for the better with bitcoin, I was unable to comment anymore, regarding the effect on the country's currency, I have not seen that, but I hope bitcoin can be a solution to strengthen the exchange rate of my country's money against the dollar is now increasingly alarming

[CoinsGazer]

Although Bitcoin looks hot, it seems that it is not a reality to replace the current fiat currency. The digital assets represented by Bitcoin do not yet have the conditions to become real money, let alone replace the fiat currency with the highest value of trust and endorsement by national credit.

If you want to compare Bitcoin with the classic fiat currency, the former will not exist when leaving the network. Although the current fiat currency is constantly digitized, the fiat currency as a currency symbol will not die at least in the short term. No matter how the characterization of the currency changes, the truth behind it must be the authenticity of state credit and even force. In other words, the central bank as the issuer of the currency, its centralization and the status of the lender of last resort cannot be replaced.

[KotiKo]

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
 

I think that bitcoin will not be able to eclipse the national currency. But it can be used at the level of national currencies, for example, like the dollar is now

[Cissnei]

There are many different ideas on this topic. Someone says it is "yes" or say "no". Personally, I think cryptocurrency is just a new step in the exchange of people.

[Eureka_07]

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
 

Actually bitcoin is not a threat to other jobs and currencies but rather a help for them. Some jobs can have an access of bitcoin that will make their name more effective because there are a lot of people who know bitcoin. And if it is a threat then bitcoin would be banned a long time ago but it is not. Bitcoin can really help to the existence of job and currencies in the world.

[Ale88]

Will bitcoin be able to eclipse the existence of national currencies in the near future?

To be honest, I don't think so, I don't really see how it could happen. Maybe in the next 20 years things could start to change and bitcoin could be a kind of second national currency, but only in countries with weak economies, maybe Venezuela, Argentina, African countries etc etc.

[dickkn]

Yes they can. Already, cryptocurrencies compete with currencies of different countries.  How soon it will happen is a question.

[lornadane]

No, I don't think bitcoin will be a threat to jobs and national currencies. It is very high demand for sure, Bitcoin is a digital currency, day by day the world will develop but every country will not follow bitcoin as a national currency. The Japan, Belgium or Korea called the best place for the bitcoin and cryptocurrencies, but bitcoin is not the national currency and it will not ever. Though Some company or market will accept bitcoin as their payment system, but national currency means huge. And it is not a threat to jobs! I hope now you know the reason!

[Hunusubuturi]

It paved the way for many opportunities and opens a lot of job to the unemployed. Well basically with the existence of bitcoin it adds up to the income of many people.It helps the unemployed to earn profit despite not having a stable job.

[Crystal24]

No. I do not think bitcoin to be threat to fiat currency and jobs because , 1.  Bitcoin will actually reduce the unemployment rate.

2. Fiat currencies functions is not same with bitcoin, meaning bitcoin is no threat to fiat currency.

[Marlo0619]

I don't think so. Bitcoin is used so that will have an extra income. This is not a job. It's like an extra investment if you wanted to. Well some people focuses more on cryptocurrencies like bitcoin and retire in their jobs. That's the one thing that will make bitcoin a threat to jobs.

[Switchern]

I don't think this will happen, bitcoin is the world currency. Because many countries have not received bitcoin. What's more, people to leave their jobs for the sake of bitcoin. It's impossible.

[Madara_Uchiha]

In any case, everything will depend on the state and banks. Bitcoin alone can not change anything or cause damage. If the state authorities see the danger to the economy, they will prohibit bitcoin.

[richman3451]

I do not think that having 1 bitcoin this wealth with a growing market is certainly not a bad profit, but it does not make me king

[anderson705]

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
 

Actually bitcoin is not a threat to other jobs and currencies but rather a help for them. Some jobs can have an access of bitcoin that will make their name more effective because there are a lot of people who know bitcoin. And if it is a threat then bitcoin would be banned a long time ago but it is not. Bitcoin can really help to the existence of job and currencies in the world.

I think its not a threat too, but rather creates another way to earn or an opportunity for any people from anywhere in the world. Its not a threat to jobs but create a job  in my opinion.  Now with  cryptocurrency,  you can tap anywhere  for a  project and paid in bitcoin or any coin he prefers. Its very innovative now a days and a cheaper way to scout for talent who can deliver.

[rhenrhen]

In my own opinion, Bitcoin will never be a threat to any jobs as well as national currencies. First and foremost, Bitcoin is different from the two. Bitcoin is a cryptocurrency, considered as the King of All Coins. It had and still has a major impact on our economy but it cannot be a threat to jobs since all people need it. And if all people need it, then they are paid with a currency. So these two will never stop not unless it is the end of the world. Thus, Bitcoin will continue its way along with more oppotunities to jobs.

[gilbert056]

well i guess bitcoin is a threat to national currencies but still people do exchange bitcoin to fiat currency once they need money . and besides people do need fiat currency in daily lives not unless bitcoin is accepted in different establishments which can be use in paying bills or buying anything . It is not a threat i guess because bitcoin gave an opportunity to the people to earn profit in just a short period of time

[pretius99]

in my opinion, it is possible that soon the country's currency will be replaced with bitcoin because in addition to not damaging nature because the material for making money is paper obtained from the tree.

[Rellbellerise]

Im sure that bitcoin will be a great threat to national currency. But many more things will come in the coming years, so its possible that bitcoin will stay or will die. No one knows what will be going to happen on bitcoin, its just that we just need to wait for it to happen.

[fonRonsenburg]

I still don't think bitcoin is a threat. I really hope that bitcoin can turn into fiat currency. Do you feel bad bitcoin?