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Author Topic: Will crypto solve socioeconomic problems?  (Read 2564 times)
brukva
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August 09, 2018, 03:15:26 PM
 #21

The crypt can solve many problems right now, but no one wants to connect it to the system.
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August 09, 2018, 03:37:32 PM
 #22

The phenomenon of bitcoin was born on a socioeconomic ideology. Bitcoin is called upon to solve a number of problems, among which the concentration of financial functions in the hands of central banks and the presence of intermediaries. If a distributed system is created on the basis of which bitcoin was built, the entrance to it will be open to any participants and there will not be a hierarchy in it. Also bitcoin helps to solve the problem of unemployment, providing many people with earnings using crypto currency.

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August 09, 2018, 04:13:46 PM
 #23

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems?
It sure could lessen some of the socioeconomic problems but these problems can never cease even if we get a perfect solution, another economic problem will always come up.

Can it be used to buy goods from other countries?
Yes of course!
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August 09, 2018, 05:15:45 PM
 #24

I think socioeconomic is very heavy word for the bitcoin world because it is itself not yet into the real world completely. The crypto currencies are yet to solve the biggest problem that they are having, and that is getting into the real world with real application of it. Unless and until they dont do it they are not going to be used really and thus they will have no so called socioeconomic effects. Plus to become the social one it has to be trading all the time which is not getting traded for other goods and valuables yet and thus lack what it takes for the dam thing to happen.

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August 09, 2018, 05:29:04 PM
 #25

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems?

will help solve socioeconomic problems

Can it be used to buy goods from other countries?

Of course, even now you can buy things using bitcoin

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?

ok, first see how the community of bitcoin grew, 15 years ago there were no bitcoin and altcoins and no ICOs and there was no bitcointalk, see today how many things have changed and many people have become millionaires thanks to cryptos. You asked an interesting question, so I'll respond as follows:

Imagine if bitmain installed a mining company in my country, it would bring jobs for my country's people and the government would win with the taxes it would charge.

Imagine if binance created an exchange in my country, it would create jobs for the people in my country, and it would bring opportunities for people in my country to invest in cryptos.

imagine that many people in my country had brilliant ideas and created ICOs and managed to raise millions of dollars and build companies in my parents, that would create many jobs and generate taxes for the government of my country.

Cryptos can develop many countries, it is enough that governments know to take advantage of cryptos.

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August 09, 2018, 05:30:01 PM
 #26

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?

'yes, sure we can use Cryptocurrency for export and import goods from one country to another and by this way they can also play a major role in countries economy and GDP if they come to play a major role in the export and import business. Cryptocurrency wil surely decrease the socioeconomic problems if they get support from the Government and the investors.

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August 09, 2018, 06:04:21 PM
 #27

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?

Thats just being too optimistic. It might just lead the other way. You see many countries  have adopted cryptocurrencies in an attempt to bypass trade laws, and if they become widely adopted and still be used for nefarious purposes, it could lead to really bad conclusions.
The idea  of being free from the grasp of trade institutions  and restrictions seems very appealing, and the hope of installing a decentralised system is indeed grand, but because we will continue to use cryptocurrencies for illegitimate purposes it might just have an adverse effect on the socio-economic condition.

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August 09, 2018, 07:58:33 PM
 #28

Cryptocurrencies offer all the advantages of traditional currencies with added security and unparalleled accessibility, making them ideally suited for many countries' unbanked population.

Use of cryptocurrency accounts enable simple payment of utilities, for example, which saves time and resources compared to physical payments as they have been carried out to date. Furthermore, adoption of digital banking enables the creation of a credit history and digital financial footprint, crucial for loan receipt, which can be used to invest in business opportunities.
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August 09, 2018, 08:23:45 PM
 #29

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 like the conditional word "IF" ... It definitely will. Using the African continent as a case study, leading international institutions, including the World Bank, believe that trade between African countries can serve as a catalyst for economic growth. Digital currencies support cross-border and international trade. Local businesses understand the significance of this currency as a means for accepting cross-border payments, such as for African products or for hospitality and services within the growing African tourism market. Access to a larger customer base via cryptocurrency acceptance offers potential for increased sales and growth.
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August 09, 2018, 08:28:25 PM
 #30

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 like the conditional word "IF" ... It definitely will. Using the African continent as a case study, leading international institutions, including the World Bank, believe that trade between African countries can serve as a catalyst for economic growth. Digital currencies support cross-border and international trade. Local businesses understand the significance of this currency as a means for accepting cross-border payments, such as for African products or for hospitality and services within the growing African tourism market. Access to a larger customer base via cryptocurrency acceptance offers potential for increased sales and growth.

Additionally, with around 30 million Africans working abroad, cross-border, remittances directly fuel the economy. Studies shows that Six African countries rely on remittances for 10% or more of their GDP, with 19 countries relying on diaspora remittances for 3% or more. For instance, in Kenya, surrounding remittances reached $1.95 billion in 2017, up over 13% from 2016. This money is not only used to sustain families, but also to help set up business and support expansion.
Cross-border payments directly to cryptocurrency accounts offer a secure and efficient method to send money home. As cryptocurrency transactions are subject to lower fees compared to traditional international money transfer alternatives, cryptocurrency transfers are significantly preferable. 

So Yes, the socioeconomy sector of the world will experience a positive impact, if and only if the whole can accept Cryptocurrency as a means of exchange.
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August 09, 2018, 09:20:06 PM
 #31

Obviously not.
Crypto are only a measure of value, but they do not create it.
Who is poor in dollars, will be poor with the bitocoin.
If someone thinks differently, this is a big mistake.

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August 09, 2018, 10:29:37 PM
 #32

I think cryptocurrency in the future will help the community, its function is to help money transactions between countries quickly and easily. besides that they can also benefit from trading activities.
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August 09, 2018, 10:32:02 PM
 #33

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?

Certainly, cryptocurrency can change economy completely. Actually, it will help folks more than governments. Already the development of the state doesn't happen with the money, but with the reforms. The greatest loss of the states will be in controling of the money speculate. But they can solve it with using limits.

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August 09, 2018, 11:21:27 PM
 #34

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?
Crypto won't improve any country's economy,it depends on the people. As long as governments act like assholes and have egos, socioeconomic problems will continue to exist.

Crypto can help in making things better, but people don't like crypto. Adoption of crypto would fuck things up for the worst, believe it or not, crypto isn't meant for everyone, because not many actually understand crypto.


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August 10, 2018, 01:11:55 AM
 #35

Yes, i do believe it could solve socioeconomic problems if only if it is regulated worldwide. We cannot transact all over if there are countries doesn't like to adopt and regulate bitcoin. But we all know that crypto helps a lot of people to earn profit that's why we need to help for sustainable development all over the world.

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August 10, 2018, 01:32:38 AM
 #36

I think crypto can really help in solving the socio economic problems, because cryptos can help the jobless people make an earnings in crypto activities , there are a lot of bounty campaigns offerring different kinds of campaign and will reward tokens ,and then converted to ethereum then to fiat money or dollar.
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August 10, 2018, 12:36:37 PM
 #37

It is true. because all this time there is no real money that can make more money when it is stored longer and only we own it.
I have read an article whose contents are that banks are afraid of crypto because they can help someone's economy. help by holding a coin and storing it longer. after that they will get more results. there is also the way to invest crypto and that we ourselves are not someone else as we invest in the real world.

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August 10, 2018, 01:04:36 PM
 #38

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?

Crypto is available for everyone who wants to get in as it does not discriminate against anyone whatsoever, whether you rich or poor, from third world countries or maybe from advanced countries it does not matter. On the solving of socio economic problems, while its not just going to be possible as money does not solve every problem, in addition to everyone cannot be rich, what people do with that crypto they own is what matters in deciding whether its a blessing to an economy or a curse that have made the current status worse off.

In the area of developing a country, it would surely reduce the cost of printing new notes on a regular basis and the security of it as well. But if it will give room for huge evasion of taxes needed for a country to develop its infrastructures and pay for all of its needed then its not developing rather making it poorer.

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August 10, 2018, 01:07:06 PM
 #39

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?
Definitely it would help for the economic development of a country especially third world countries as crypto gives equal opportunity for all to earn.What is needed is a laptop or smart phone and an internet connection to get access to cryptos.Already it has started to help Venezuelan people to earn an income when it's economy has almost totally collapsed.Some smaller economic countries have even accepted bitcoin as their national currency to solve the problem of their own currencies facing huge inflation.


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August 10, 2018, 06:32:48 PM
 #40

The fact that bitcoins can be created can give the impression that they create wealth, but this is obviously false.
Wealth is built creating value, not with a new system of measurement.

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