HOW BITCOIN BENEFITS THE ECONOMY?

[brotherwood12]

i think the benefit that i feel is bitcoin giving us more job choice also the payment using bitcoin is good with the decentralized system and secure

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[Naida_BR]

It can benefited the economy in the way  of improving the current payment system.The traditional payment system is too slow and there are many delay transaction that are happening, bitcoin can improve the current payment system.

Faster transactions can happen through smart contracts. Implementing smart contracts can be very beneficial to society and letting people from different countries to make payments in just a few seconds (nearly instant).
Additionally, Bitcoin is going to offer new ways of working remotely and provide a new group of workers all around the globe.

[cryptokingdom]

If a country encourages the expansion of bitcoin and blockchain among the citizen it will improve their economy because with bitcoin the citizens can easily carryout business transactions with merchants across the globe.

[D3m1r4wanti]

it's easy, I see from an economic point of view as an ordinary people.
when a country with a number of people has a large income from bitcoin or other crypto currencies, the per capita income in that country will increase and with the increase in per capita income in that country indicates that the people's economy will increase and prosper, will that affect the economy country?

[tetyulfania]

Bitcoin have big effect for economy and give more space for worker and people get much money with bitcoin, by using bitcoin as transaction and salary payment at companies many worker could get profit later after selling bitcoin at higher price.

[awik p]

it's easy, I see from an economic point of view as an ordinary people.
when a country with a number of people has a large income from bitcoin or other crypto currencies, the per capita income in that country will increase and with the increase in per capita income in that country indicates that the people's economy will increase and prosper, will that affect the economy country?

I agree. with a rich society, of course the government will get more tax, so with a lot of tax and good management, of course it will benefit the people again, because there will be a lot of development and public facilities needed by the community, such as education, health, food ingredients abundant

[creeps]

Bitcoin have big effect for economy and give more space for worker and people get much money with bitcoin, by using bitcoin as transaction and salary payment at companies many worker could get profit later after selling bitcoin at higher price.

Bitcoin makes a lot of people rich, and for sure those whales are already spending big money that can help the economy to grow more. There's no significant effect on the employment rate, since many crypto companies are not operating legally and most of the team member are just doing a part time job. Eventually if there's a regulation, we can easily know the effect of bitcoin in the economy.

[prtty2gal2]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Some people are just confused. What makes you all think that Bitcoin can make anyone rich ? Take for example – Venezuela, I’m seeing a lot of comments here saying that Bitcoin will save that country… quite funny some people don’t even make use of their senses in commenting.

How exactly is Bitcoin going to help these people ? Bitcoin is not free money, if it was, then all of us here would have become rich overnight. There is nothing easy here, you will even have to invest your money and trade or hodl it with hope that prices will go up and at the end, if it doesn’t, you’re left with loss.

So, you all should please stop deceiving yourselves. This is the kind of lies you all tell newbies that makes them think cryptocurrency will make them rich in seconds, to be sincere, it’s not easy and it doesn’t make anyone rich, you have to work for it.

[Best Dreams]

it's easy, I see from an economic point of view as an ordinary people.
when a country with a number of people has a large income from bitcoin or other crypto currencies, the per capita income in that country will increase and with the increase in per capita income in that country indicates that the people's economy will increase and prosper, will that affect the economy country?

I agree. with a rich society, of course the government will get more tax, so with a lot of tax and good management, of course it will benefit the people again, because there will be a lot of development and public facilities needed by the community, such as education, health, food ingredients abundant

And to pay for those high taxes we should plan to have something beneficial and life changed so that we will not be worry when government will decide to get more tax on goods we are using on daily bases, actually bitcoin directly effects our economy by providing more jobs opportunities and more ways to make money for better life, it reduced unemployment and almost finished beggars from my country.

[Robust Crypto]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Banning it won't work, sooo...

[gowobonyok]

at least bitcoin is not tied to the dollar or other currencies so that inflation will not occur. it is very beneficial for the country, especially those who are being hit by the economic crisis.

[michellee]

Bitcoin have big effect for economy and give more space for worker and people get much money with bitcoin, by using bitcoin as transaction and salary payment at companies many worker could get profit later after selling bitcoin at higher price.

Bitcoin makes a lot of people rich, and for sure those whales are already spending big money that can help the economy to grow more. There's no significant effect on the employment rate, since many crypto companies are not operating legally and most of the team member are just doing a part time job. Eventually if there's a regulation, we can easily know the effect of bitcoin in the economy.

That is for sure. Many people who get involved in cryptocurrency (bitcoin) getting rich because they can use the opportunity to make money from a new source. And slowly, when there is so many people can get wealthy from cryptocurrency, the country will get the effects too and it will increase the individual income so at least, it will reduce the poverty problem. But the government will make a regulation for the cryptocurrency because they cannot fully control cryptocurrency and they want to get the benefits of the crypto too.

[zhekinsp]

at least bitcoin is not tied to the dollar or other currencies so that inflation will not occur. it is very beneficial for the country, especially those who are being hit by the economic crisis.

But for that we need people to accept crypto currency payment so it won't much help at the time of if the fiat money crashed.But the decentralization can be really helpful for the people to save from inflation when it is adopted by everyone.

[davis196]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Bitcoin doesn't beneift the economy.The economy benefits bitcoin users,by pumping the bitcoin price.
The governments that ban bitcoin are afraid of capital export outside of their border and money laundering.
There's no way to convince them to adopt crypto.

[Robotbitcoin22]

Providing new jobs and also services for new investments for the community despite the high risk but the existence of bitcoin remains helpful from the economic sector of society. this is a very helpful thing for people,

[umbara ardian]

Providing new jobs and also services for new investments for the community despite the high risk but the existence of bitcoin remains helpful from the economic sector of society. this is a very helpful thing for people,

I don't think that all people can use bitcoin as a job and only people who understand technology know the bitcoin exchange, whereas today there are still many people who don't know what bitcoin is and how to use bitcoin.

[Naida_BR]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

The simplest and most important way that the blockchain technology and cryptocurrencies can help the global economy is because this technology offers transparency to the society.
However, as the time goes by and government and institutions do not adopt this technological advances I have started thinking that they do not want to be transparent to their people.

[Kimonoe]

Providing new jobs and also services for new investments for the community despite the high risk but the existence of bitcoin remains helpful from the economic sector of society. this is a very helpful thing for people,

I don't think that all people can use bitcoin as a job and only people who understand technology know the bitcoin exchange, whereas today there are still many people who don't know what bitcoin is and how to use bitcoin.

today many know about bitcoin, but they don't know much about btc. moreover there are many who fear, that BTTC is a bubble game, so they are not interested in learning it further

[iMark]

It can benefited the economy in the way  of improving the current payment system.The traditional payment system is too slow and there are many delay transaction that are happening, bitcoin can improve the current payment system.

Faster transactions can happen through smart contracts. Implementing smart contracts can be very beneficial to society and letting people from different countries to make payments in just a few seconds (nearly instant).
Additionally, Bitcoin is going to offer new ways of working remotely and provide a new group of workers all around the globe.

with the creation of new technology for more flexible payments, it will save you more money, for example when you want to use ATM transactions you no longer need to go out and increase the cost of gasoline, with crypto and bitcoin you will saving more

[romero121]

Bitcoin benefits contributing to the economy through different ways of inflow of fiat. The circulation that the market makes with regard to the fiat system makes a big change in the economy. Banks that are completely under the centralized platform have been experiencing a major loss and the same is being compensated by the cryptocurrencies.