Will crypto solve socioeconomic problems?

[Bitcoin2009]

i think crypto market will solve the socio economic problem. As they use the blockchain technology so they can easily interfere on the socio economic problem.

I think so, the most important thing in economic problems is the complexity when dealing, and the presence of crypto is certainly a solution to various economic problems, especially socioeconomic problems, I hope more and more countries are concerned about it.

[samiraetn]

There are many socioeconomic problem current world and many of these can solve crypto . As example most of the crypto are transection fee less that should be solve a problem.

[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?

That it is great if everyone takes a part into cryptocurrency because the financial problem around the society will probably be solved. They may earn here for maintaining the living in this world as we know that this crypto provides much opportunities. However, there will be many causes of it. Let we think how many banks employers will lose their salary because they society probably do not need the bank any more. They can access to their account and save the profit on their own wallet.

[angleatild]

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.

[stiffbud]

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?

Socio-economic problems can't be fixed by giving everyone a bitcoin as then also poor people will sell their coins for monetary gain but if you give a rich person one bitcoin then he can convert that one bitcoin in a few days into 10 bitcoins and that's the problem and difference between rich and poor. Rich work hard to grow their money, but poor work hard to get more and spend more.

[henmark]

The crypt can solve many problems right now, but no one wants to connect it to the system.

It takes time. Everything that has good effect in its roots have long times. The systems we have right now in different regions of world, they all came into existence after long hard times. Things don’t just bubble out in such short time rather this always be a long and time taking. For bitcoin, we have to make a pipeline that will transform our lives into a life amalgamated with bitcoin.

[spongegar]

I don't think so. Saying that crypto currency solves the our socio economic problems is saying that the one thing it could save us is more money. I think the problem lies in the socio economic system itself. A system that make it possible to increase the price of goods and services overtime and never decrease.

[Daseento]

It would partially solve portion of socioeconomic problems because early adopters like us will surely benefits from it because our tokens and coins would appreciate in value and consequently, improved economic power. Aside that, I don't see any other way.

[Shadon24]

I do not think crypto can solve social problems right now, so there are a lot of policies and government intervention in the market, and we should have something to do with the market. develop

[inding]

I think cryptocurrencies can solve many social problems, such as preventing fraud and quality assurance of products. But solving the economic problem cannot be determined because I am not sure whether the cryptocurrency can be manipulated. Bitcoin will change all humanity if it cannot be manipulated.

[patarfweefwee]

 I think crypto currency gives more people a chance to earn more means to buy goods and services over the time they invest. Blockchains help us track down transactions and are easier to spot launderers. Lastly, our socio economic problems stems from greed. If this not cured then a new economic system will not change anything.

[micleeiu398]

Cryptocurrencies are built on a technology called blockchain, which restructures and revolutionises trust as we know it today. Cryptocurrencies will do to money what the email did to the letter.

We rely on our transactions to be verified by our banks, how this works is through a centralised ledger .

We should think this in a simpler way that every country wants its citizen to invest within country. Now, like any other source of income, when people officially and legally are authorized to invest and trade in bitcoin, this definitely give chance and opportunity for a country to make its economical factor strengthened. This bitcoin actually have shown a remarkable increase in economical growth already.

[syamster]

Cryptocurrencies are built on a technology called blockchain, which restructures and revolutionises trust as we know it today. Cryptocurrencies will do to money what the email did to the letter.

We rely on our transactions to be verified by our banks, how this works is through a centralised ledger .

A lot of social issues are now being solve with it, infect the whole ideology of crypto currency is made on the base of socioeconomic, bitcoin has solved number of problems, bitcoin is built to give us better life and better future as well, now number of jobless is reducing and people are having good job even women are working and being wealthy to run their families well. It is modern age we need to support and promote bitcoin.

[goshay97]

No I doubt Bitcoin can solve this issue until we remove the governments and banking elite.  Most of these issues are easy fixes that are not allowed to be fixed by .gov.

[maianh09]

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's silly to ask this question. Crypto cannot solve economic problems in society. Crypto can make the social economy grow, but it makes the gap between the rich and the poor increase. I do not think Crypto can solve these problems.

[Reid]

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 is actually happening but still with the fiat system.

Buying goods from other countries is an easy thing now. Just need to pay for the shipping and you will just have to wait for your item at your doorstep.

It will actually speed up things like that. The only problem is there is no getting back. Once you made a transaction then be sure that it is that you want and also think about the quality of it. A bitcoin transaction can never be changed. Better double check it.

The good thing about it is you wont pay much for transaction fees sending them money.
Credit cards wont be good too. You are paying annual fee for that and they didnt even do anything.

[chel0]

A lot of people has improved their lives through cryptocurrencies. Poverty is one the most rampant socio-economic problems here in the country and I guess it has been lessening with the help of crypto. As long as people will focus more in crypto, we can minimize unemployment then we will improve economically as well as the lives of many people.

[peacefulpeace]

definately crypto when fully adopted will ease the process of purchasing of goods online, but the economy is not also left out as they will gain emersely from crypto in the sense the if i order goods online for instance with my bitcoin, the seller will definately add cost of importation because the seller will definately pay import duties which will directly be of benefit to the economy. so both the government and the individual will gain if crypto currency is generally accepted globally.

[piter_wip12592]

Although crypto can not solve all economic problems in society. But it will solve some problems in some aspect of the economy. It will be the economic stimulus for social development.

[onrise]

Although crypto can not solve all economic problems in society. But it will solve some problems in some aspect of the economy. It will be the economic stimulus for social development.

To an extent it can help towards reducing the problem if not fully it can solve it. It is important for the people to get the income through different sources which can help you to make money and raise your standrad of living. For those unemployed get the employment benefit and becomes self dependent.