Will crypto solve socioeconomic problems?

[Streamlink]

Cryptocurrency is one of the contributing factors to the improved economic status of Japan and South Korea. Blockchain and cryptocurrency create job opportunities like cryptocurrency merchants, project developing, bounty managing and hunting etc to the people and also offer financial freedom.

I believe the same. If cryptocurrency had been a scam or a bubble, it would not have been adapted and recognized by countries like the US, Canada and many European countries. In addition, I think it can save the loss of the values that otherwise would be lost upon a financial crisis. So in other words, it is saving value and prevents the rise of economic problems.

[Ranly123]

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 a bit more of it's improvement will surely help solve economic problems. But as long as cryptocurrency remains volatile which it's used to be, then it would be hard to be accepted by large establishments for transactions.

[Andrea9000]

Socio-economic problems will not solve this, except for individual people, the wiser people who can make money on it. All the rest will remain where they were.

[pinoyden]

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 a bit more of it's improvement will surely help solve economic problems. But as long as cryptocurrency remains volatile which it's used to be, then it would be hard to be accepted by large establishments for transactions.

Volatility isnt really a big deal in my opinion because cryptos are still useable even if they fluctuate too much . yes it is hard to accept at first because some people are still doubting about the security of it but once that these people will get curious to try it , for sure the adoption will scale upwards  and for sure it can solve a lot of economic problems because people can now earn a profit if ever the price continue to rise .

[dat.ho12492]

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 a bit more of it's improvement will surely help solve economic problems. But as long as cryptocurrency remains volatile which it's used to be, then it would be hard to be accepted by large establishments for transactions.

I think the economic improvement with crypto is very little and usually belongs only to big investors, with ordinary people and having little money, what I'm seeing is that their economy has started to get worse. This piece of cake is not easy to eat as many people are thinking, the risk is still too large, many people have regretted when they invest too much in crypto, crypto not only does not help the economy, it even increases unemployment and bankruptcy, everyone will probably wake up after this storm

[pharaon]

In those countries where crypto-currencies are legalized and this industry develops - there they certainly can help in the development of the economy and improve the socio-economic activities of people. Accordingly, cryptocurrency can not affect the development of the economy in those countries where they are prohibited.

[Barbut]

To be able to solve some problems first you need to know what is the problem, and problem is in people, their lack of knowledge. People don`t understand current economy, its even harder for them to understand crypto concept. Mostly people think just about the money and how to make it more, no matter how. I believe that crypto have power to solve some problems in economy, only if we use it in the right way.

[Gumpfire]

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?

Many people have change their lives from good to better because of cryptocurrency, so i think if everyone will start using cryptocurrency maybe most of them will have a good life and will lessen their financial problems. Cryptocurrencies is really good for the economy because it can lessen unemployed people in a country if their government will start to accept crypto.

[PlusOne88]

The socio-economic problems are caused by so many factors from from simple social status to complicated political situations that have caused a lot of change or influence to the currenct situations all over the world. I believe that cryptocurrency may have improve some lives but not all. The world is so big and cryptocurrency haven't conquered as much so that for now it wouldn't be generally correct but selectively true.

[cfif123]

as far as I know it's true. because there has been a lot of evidence that people who are getting better economies using crypto have become jobs, because the income from crypto is very promising and big too

[eroejoe]

I do not think so that crypto can solve socioeconomic problems to all, but i think that it can help to people which entered into market at good time. Also one group of people will lose their jobs because of crypto, which will start new socioeconomic problems just like every disruptive technology, for example look what Uber does in taxi market.

[BoitCoinZen]

Socio-economic problems will not solve this, except for individual people, the wiser people who can make money on it. All the rest will remain where they were.

This is rule of nature. It is all about the survival of fittest. In international market as well, not all investors are getting hundred percent profits. Some get good, some are just okay and some are in loss as well.

[chenhaonan]

The solution to the socio-economic problem should be blockchain technology, but it may not seem to be established now, but in the future blockchain technology will certainly be used on a large scale. This is the direction of development, and humans need time to complete.

[TheClownSong]

Bitcoin can not solve socioeconomic problem. Its need government hand to solve that problem because government have hand can reach that. I think if country implementing bitcoin system and adopting bitcoin monetary system, economic system will be stronger

[dat.ho12492]

Bitcoin can not solve socioeconomic problem. Its need government hand to solve that problem because government have hand can reach that. I think if country implementing bitcoin system and adopting bitcoin monetary system, economic system will be stronger

All your thoughts are just thoughts of a bitcoin fan and crypto, Bitcoin or crypto is just a place to invest where rich people can become richer, and this is where middle-income people seek the opportunity to become rich, and all the income here is dependent on the capacity of each person. And with such a system, even if the government applies bitcoin to the economy, the economy is still not able to become stronger, not everyone can benefit from it, this is a battle and only those with sufficient knowledge will win

[South Park]

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?

Most problems around the world are caused by the actions of humans and can only be solved by the actions of humans as well, money regardless of its form doesn't create problems, it is just a way to exchange value from one person to the other and nothing is going to change if we choose gold, fiat or cryptocurrencies, we created the problems and we need to solve them.

[cctv0]

This is related to the strength of cryptocurrencies. Any economy can change the social economy, but only if it must succeed. Only when bitcoin succeeds can this be achieved. If the cryptocurrency fails, it will become the most tragic thing in human history.

[PG13]

Socio-economic problems accumulated over the years, so they cannot be solved overnight. We'll have to work a lot on this.

Bitcoin clearly has a social impact on society, especially how to think and act in the world of trade. Using bitcoin removes boundaries between regions and countries and transactions can occur instantly in seconds and directly because peer to peer technology eliminates the third party role.

That's the real purpose why bitcoin was created. The problem if this will be implemented is how to manage the volatility of bitcoin as those merchants will not accept bitcoin as payments due to unstable price. I think to solve socio economic problems should be tackle with a long term plan and this should be initiated with the governments. Crypto is only a tool.

[Semosuchi Tesongrato]

It seems to me that the bitcoin not only does not solve any socio-economic problem, but it creates new ones: there are many people who have invested all their savings last year, and now find themselves with nothing in hand.
Tragic.

[reality18]

Cryptocurrency has the capabilities of boosting the socioeconomic status of a country. With the Blockchain technology, there is generation of job opportunities like project developing, mining, bounty managing and participation etc. There is the generation of financial satisfaction and freedom for the people.