Will crypto solve socioeconomic problems?

[gambitcoin53]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

it can certainly help but not totally dissolve all the economic problem of a country, bitcoin is the revolution of people who wants economic and financial freedom, bitcoin has proven that it has so many opportunities for us to earn and control over our own money, it has developed new ways and means to fully maximizes the utilization of crypto technology.

[yndye]

It will help the people financially as well as those businesses because the usage of blockchain technology would be an advantage to them with faster transaction and lesser cost. This would then make businesses profitable and their employees may be rewarded as well when they get higher pay since business is doing good and in this way, it can help the people in improving their financial conditions because they would be able to provide for their needs and occasional wants and this would help improve the economy.

[aso118]

Socio-economic problems have deep roots, and using one currency rather than another makes no difference.
Eventually, the bitcoin is less controllable, so it will probably create MORE problems, not less.

Controlling the finances of people is not the way to solve socio-economic problems. You seem to think you live in a socialist utopia. Bitcoin will liberate people and help them come out of the government rut. Think about Venezuela- do cryptocurrencies help the people there or cause problems?

[Pemburu dollar]

I absolutely believe that crypto will solve different types of socioeconomic problems like poverty, tax avoidance etc. Moreover bitcoin has already started to have a good impact on the socio economic problem.

I think that bitcoin is too small and hasn't even been adopted by more than 0.5% of the world to want to change the country's economy!
not because there is nothing about "people" who will ever change. they will only use different tools (bitcoin in this case) and continue to do the same thing they have done before and nothing will be solved.

[Xising]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

I think that cryptocurrency has such capacity to solve some problems, especially when it's about money matters. In the economic aspect, it has that potential, because after all, cryptocurrencies are assets in the business field, and so, it has the capacity to rake in returns that would be converted to money, which can be used in all sorts of economic-related things. However, in the social aspect, maybe it can have some indirect effects that could help stemming out from the economic aspects it can answer. I mean, for example, if you would use cryptocurrecy-born money to help some people and improve their social standing, then I guess, in a way, that can be considered as a socioeconomic improvement from the use of cryptocurrencies.

[woyoubing]

I don't think that cryptocurrency has such a big influence. Even if the cryptocurrency really replaces the legal currency one day, the user is still us, so i don't think there will be any change.

[Finatu]

Crypto will solve the problems of those people who created and create crypto-currencies.

Cryptocurrency can't solve a country socio-economic problems because as a cryptocurrency currency it only plays a role in facilitating, reducing costs, and accelerating payment of transactions between countries where the impact is that trade turnover is faster. But there is an indirect impact, and it is very positiv

[Andrej Peiboski]

It is not enough to change money to solve socio-economic problems.
But it is true that bitcoin - being transnational - allows many inhabitants of developing countries to obtain wealth in a way that would otherwise be impossible.

[dewi91]

Bitcoin can't solve socioeconomic problem but bitcoin can help bitcoin user's to get extra money if we can take the advantage of bitcoin but I think that money is not enough to meet daily needs. If the government still find it difficult to solve the problem so how bitcoin can solve that problem whereas bitcoin is just a crypto currency.

[CryptomartN]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

Although cryptocurrency has not been fully adopted in the purchase of goods and services, but it may be used by more people in the future. It may help to limit the socioeconomic problems not necessarily solving it all.

[atliens99]

A lot of countries currently have really bad inflation problems: Venezuela, Turkey, Argentina, Iran, crypto helps solve these problems because you can't just print more coins out of thin air like how you can with government money.

[renemagritte]

Probably not for now. But It has made some middle class people rich. So it can change our lives, but when it becomes mainstream (it is not right now) it will be no different than fiat in my opinion. (Yes It will solve some problems, will be faster, more secure etc. But economically some people will be rich, some will be poor. Again.)

[qumeijia]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

In this case, bitcoin can help people to improve their financial problem and full fill their need. It has contribution and role play to eradicate the poverty in certain country. But, I term of economic problem of country is not only about poverty, the stability of all price of primary need is also economic problems. The value of currency of country is also should be concern.

I really do not know whether bitcoin will help that problem or no, but individually, it really helps help my financial needs.

[ucingucingan]

Crypto currency problems can provide solutions to financial problems, of course it can be mainly a problem related to corruption, because every transaction that occurs in the crypto currency cannot be manipulated and can be accessed by everyone (transparent) so everyone can watch over it as a preventive measure for acts of corruption

[peacefulpeace]

to a very large extent, crypto will solve socio economic issues like unemployment, social vices and crime, crypto is targeted at the youth which is the bedrock of any nation, if the youth are gainfully engaged with crypto and get to learn the process of trading, they wont be idleminded to have the time to engage in socio vices anf socio economic issues. To a very large extent, crypto will help solve unemployment issue and gives youth that entrepreneur mindset.

[gandame]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

I think we can use bitcoin to buy good at other country because some country are accepting bitcoin as a mode of payments and it will be a big help because its easy to send money.

[el kaka22]

That is really true ,one of the socioeconomic problem is the financial crises ,many married couples are on fight and misunderstanding with each other because of financial problems, and I believe cryptos can help it partly ,through joining cryptos but depends on the interest of the parties concerned in joining cryptos ,for I trully believe it can help this socioeconomic problems.

One thing I still believe is that not everyone will have access to it due to some limitations most especially when it comes to technology for some underdeveloped worlds. Sure, it has the capability of enriching early adopters over time which I believe could at least bring about some creation of jobs, funds for other investments and so on and so forth.

Moreover, I do not think crypto on its own will solve all the problems as there would still be some limitations and from some of the examples we have seen so far most especially with Venezuela, we sure know the angle the governments are going with crypto, which does not look like a way of solving socio economic problem.

[Xenophoto]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

In this case, bitcoin can help people to improve their financial problem and full fill their need. It has contribution and role play to eradicate the poverty in certain country. But, I term of economic problem of country is not only about poverty, the stability of all price of primary need is also economic problems. The value of currency of country is also should be concern.

I really do not know whether bitcoin will help that problem or no, but individually, it really helps help my financial needs.

I really think not. Bitcoin only helps people to improve their financial life when they are earning bitcoins. With that same logic, you can say that fiat can also improve you financially. But nothing will happen at all when you don't earn it. Both of them are nothing but a medium, both of them cannot eradicate poverty.

Knowing bitcoin and gaining knowledge about it doesn't give you any good. You need to be involved and start making money. Another way that bitcoin can help you financially is when you're able to ride the pump. This will require money and people in poverty are not able to afford bitcoins.

[BartS]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

Bitcoin is going to solve one of the biggest problem that we having the economy right now which is fiat, fiat cheats on whoever is using it except the government and the banks, everyone else is dealing with a currency that steals from them all the time, this is not going to happen with bitcoin and when people finally realize this they are going to change their useless currency for bitcoin, they will realize that if they do not use their bitcoin and hold it they will be able to buy more stuff in the future.

[budrabut]

I think yes. As we know that there are many factors cause socioeconomic problems in many countries such as poverty, human life style, jobless and etc. One most the biggest factor suffering by almost in many countries is poverty. Now days, bitcoin comes and brings much advantages and it helps many people financially. Of course, therefore automatically it will eradicate the number of poverty and increase the purchase and sell necessary things.