Will crypto solve socioeconomic problems?

[ichai]

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 depends on some people involved in this market. Some people are smart and understand the blockchain technology, will definitely earn money from investing in Crypto. This is really a cycle, a person is profitable, one person will lose capital. So it does not help the economy of the world will grow much.

[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?

of course, if ever that happens, it will certainly help solve an individual's financial and socioeconomic problems, just take a look at an individual that do crypto trading, there are losses and gains, but somehow really help a person to earn, imagine all people will do crypto, there will be less people who are poor and no source of income, the question is, when will all have the access on the internet, as long as internet are limited to people who can afford to have an internet access, then that will answer you question.

[redsun114]

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 don't think do. Many has loss their investment in cryptocurrency and suffer financial problem right now. I dont know if cryptocurrency has the capability to affect the overall economic problem.

No it is not true at all mate because bitcoin has solved a lot of problems and it is giving us a lot of money to make good financially status for us, we are in modern age we need this kind of things so that our life will be easy if we will have to saving and we will be able to make good investments, it is making our economical life good and we all should have this kind of saving.

I think that bitcoin is not capable to solve our economic problems, because the earning from bitcoin is not guaranteed and you may lose your money due to fall in the price. It will help in our financial problems if there would no volatility in the price and the income would enough that you can overcome your financial problems. People use bitcoin as part time and not full time.

No it can never be happen because it can impact bad on country's economy.People use cryptocurrency more than fiat which can stop the developing of country.

In addition to making transactions easier, crypto has also shown its power in multiplying and replicating the money you out in. This led to a big market cap and all those who have been earning in crypto-upon reaching a certain level of finance- starts giving back to the society by participating in many activities which reduce the sociology-economic problem but I agree that this was not the basic purpose of crypto rather than upgrading the system and improving efficiency.

[BartS]

Crypto just is a online currency so it can't solve all socio economic problems. But some sector will grow by crypto for peoples. There are many socioeconomic problems problems in a country. These problem are not solve by crypto. But cryptos can some change economy in a country, I agree this.

What cryptocurrencies can do is to help people to avoid losing money through inflation caused by governments printing too much currency, while this may not seem like much, a person that holds cryptocurrencies instead of fiat could save as much as 3% to 10% per year, and if you compound this for several years you can obtain a lot of money, so cryptocurrencies are going to help the general population to become richer, and this will help people to improve their economic future.

[Pecinan]

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, we need the goverment to fix this problem

[Harrisonimo]

A wider, intricate and holistic view is the area of the socioeconomic aspects that bitcoin itself can and will help to solve. The potency of the cryptocurrency is still in the process of exploitation. When fully launched, the socioeconomic responsibility will also be fully exploited.

[ucingucingan]

in my opinion, crypto currencies can provide solutions to economic problems, if we can take advantage of opportunities and risks that arise it is not impossible to trade in the crypto market we can benefit,

[Menawi12]

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, we need the goverment to fix this problem

Bitcoin is new monetary system. We know that old monetary system depending on central banks to grow economy and central banks always print money to make it happen. With bitcoin system, circulating money more transparant and it will reducing inflation and can avoid from economic crisis

[bbnt81]

I dont think it will do anything about that.
What I believe is that crypto will save the way we "finance" things. For example, the way we send and transfer money between countries.
Also when we accept crypto as payment in stores, things will get harder to tax people.
A lot of problems.

[iMark]

It's hard to say, because if everyone gets into crypto, then the economy will change dramatically. Hard to really predict the result of that.

do not see too far away, in fact today many people get economic improvements in their finances after they use and invest in bitcoin right? so in my opinion bitcoin or crypto with its potential can bring profit to anyone and bring the economy of its users to a better, that's the point

[Sadlife]

I think this depends on various countries if a country has banned or not yet adapted it then it can't help people in theor financial problems. The irony is even most countries block digital currencies their citizens is the one engaging in it. I think if digital currency gets more adoption it will have a real chance to become another source of income just like in our country.

[efxtrader]

I dont think crypto will help sociaeconomic much. But if decentralized crypto like bitcoin applied on monetary system, the economy will more stronger and goods price will more stable because inflation will not too high

[tumokatok]

in my opinion, not all problems can be solved with cryptocurrency because the circulation of cryptocurrency is only a tool and an intermediary, but there is a possibility that some economic problems in this world might be solved by cryptocurrency

[putrisa]

yes of course cryptocurrency can provide a solution for socio-economics and I believe bitcoin or cryptocurrency can be a bridge from the existence of economic problems in the world.

[Assface16678]

no because nothing about "people" would ever change. they would only use a different tool (bitcoin in this case) and continue doing the same thing that they have been doing before and nothing will ever be solved. not to mention that bitcoin is too small and not even adopted yet by more than 0.5% of the world to want to change economy of country!

So true. People must understand first what they really need  to do in order to realize the things that are really need to do. We cannot really say that we can change someones perspective that is why it is hard to change the socioeconomic problem. Hopefully people change for the better.

[deisik]

Crypto just is a online currency so it can't solve all socio economic problems. But some sector will grow by crypto for peoples. There are many socioeconomic problems problems in a country. These problem are not solve by crypto. But cryptos can some change economy in a country, I agree this.

What cryptocurrencies can do is to help people to avoid losing money through inflation caused by governments printing too much currency, while this may not seem like much, a person that holds cryptocurrencies instead of fiat could save as much as 3% to 10% per year, and if you compound this for several years you can obtain a lot of money, so cryptocurrencies are going to help the general population to become richer, and this will help people to improve their economic future.

Are you serious, bro?

People who bought at 20k by now lost like two thirds of their investments, and I'm talking only about Bitcoin here, whereas other cryptocurrencies lost even more than that. Crypto remains an extremely risky investment and to seriously consider using it as a hedge against inflation you must have a few screws missing. Crypto is good for hiding your money (if you need that), but it is not suitable as a means of fighting inflation. If you are only onto that thing, you'd better buy dollars and get done with that (or physical gold if you are really paranoid)

[eekkaa]

I think cryptocurrency is not a fixed solution, maybe it can be one of the intermediaries to be able to solve problems that occur with existing socio-economics, so this cryptocurrency is not sure I will be able to solve the problem by itself.

[Darker45]

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?

Well, it can be used to buy goods from any country in the world for as long as you are buying them from shops or sites where cryptocurrency is accepted. It does not matter whether it is from other countries. Crypto is global. It goes beyond territorial jurisdiction. To a certain extent, it may add good points to a country's economy. But I would not go as far as saying that it will solve socioeconomic problems of a country. Crypto is not a miracle capsule for that. It will help, certainly.

[YoungPalom]

When crypto was socially noticed. This means that when Bitcoin is legal in every country in the world. From legitimate sources, payments will be made to the welfare of society. But that is just a theoretical basis.

[Rooster101]

Cryptocurrencies can be use to help solve some socio economic problems in some provided that the coins are legalized and already used widely by their own citizens and businesses. People or some non govermental organizations can also raise funds from holding or trading some well-known cryptocurrencies to raise funds for their anti poverty programs. In some countries that experiencing financial hardship because of currency devaluation, cryptocurrencies can also a great help for the people in alleviating their economic miseries.