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Author Topic: Will crypto solve socioeconomic problems?  (Read 2736 times)
deisik
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September 11, 2018, 07:21:43 PM
 #201

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.

I don't really see how Bitcoin is going to solve anything. It would rather destroy everything as it is completely unfit to run the modern economy. It is always funny to read what people write about how Bitcoin is going to save the world from fiat as they don't understand that the problem is not with fiat as such, it is with people who use and abuse it. Okay, we get rid of fiat, then how are we going to get rid of those people? And I'm not even talking about Bitcoin itself yet

And how fast it will shut down everything
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September 11, 2018, 07:24:59 PM
 #202

Bitcoin was born to eradicate socio-economical discrimination. But it can’t solve socioeconomic problem because it internet depended on currency. Only 50% of the world population has internet access. That’s way it’s quite impossible to solve socioeconomic problems at a glance. Till now lots of people don’t trust cryptocurrency rather than current currency. They have a fear of losing all investing money. Crypto is available for everyone who wants to get in as it does not discriminate against anyone whether you rich or poor, from third world countries or from advanced countries does not matter. Poor people can change their status to investing on Crypto in short time its available for everyone. Before solving socioeconomic problems first it have to be a real currency and it should be accepted by our governments. Without involving general people it impossible to solve these problems. That’s way we need to get more trading.
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September 11, 2018, 10:48:10 PM
 #203

I agree with you.People In a country of higher unemployment rate for instance would be able to make a living full participation with crepto.
Cryptocurrencies by themselves are not going to lower the rate of unemployment or to make poverty to disappear, in fact it is quite likely that cryptocurrencies are going to create even more unemployment, after all the blockchain can just to a lot of people and their jobs and the jobs that it generates are going to be very specialized and not everyone is going to be able to perform them, so a world that is dominated by cryptocurrencies is going to be better than the current system but there are still going to be a lot of challenges ahead of us.
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September 12, 2018, 06:59:04 AM
 #204

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?
If the world changes everything to crypto it wouldn’t make any sense, things will still be as it is or maybe get even worse cause it is never going to change anything. Anyone that wants to survive in this world needs to work hard, cryptocurrency/Bitcoin can never save you.

Even if you join crypto you still have to work hard to benefit from it. There are people who even lost everything in crypto, so Bitcoin is never problem solver.
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September 12, 2018, 07:18:02 AM
 #205

I think the purpose of creating cryptocurrency is to overcome economic problems, just look at countries where the majority of the population is poor, they will be isolated from BANK access, unlike cryptocurrency as long as there is internet, everyone will be able to become a BANK for themselves. And obviously this can be an additional income for them.


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September 12, 2018, 07:21:58 AM
 #206

why not? I think the universal basic income thing will soon be a good reality. just like what saw in star trek the next generation.

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September 12, 2018, 07:35:58 AM
 #207

I think the purpose of creating cryptocurrency is to overcome economic problems, just look at countries where the majority of the population is poor, they will be isolated from BANK access, unlike cryptocurrency as long as there is internet, everyone will be able to become a BANK for themselves. And obviously this can be an additional income for them.



Their are many advantages and some of them is the people can become self depend and does not have to work under someone or they can create their own business related to crypto. Also they can be self depended and it can help the economy of the country and the government.

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September 12, 2018, 08:26:10 AM
 #208

Cryptocurrency erases national borders.It's good on the one hand but bad on the other.let's say you ordered a t-shirt in another country and paid for it with Fiat money.What's going on.The price of the t-shirt includes tax.This tax goes to the state.and now imagine that I bought a T-shirt for crypto currency and all the money to a penny fell into the hands of only the seller.I'm fine, the seller is good, but the state remains with nothing.So crypto will solve social problems but economic ones are unlikely.In other words, I wanted to convey the idea that many governments will delay the adoption of cryptocurrency as a means of payment as long as possible.



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September 12, 2018, 10:30:51 AM
 #209

maybe some problems can be solved with the existence of cryptocurrency but I am very sure all problems can be resolved because this cryptocurrency is actually a digital currency which is the intermediary for transactions from buyers and sellers.


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September 12, 2018, 10:50:30 AM
 #210

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.
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September 12, 2018, 11:04:42 AM
 #211

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.

Its not the problem of bitcoin if investors will losse but rather that is already thier fault because they are unpatient or maybe dumb . they dont know the characteristics of bitcoin before they invest and now if they loose they only put the blame to bitcoin .

Bitcoin is actually helpful to the economy because bitcoins main purpose is to provide a fast money transfer with less fees when compared to centralized type payment procesor .  bitcoin also provides jobs because many business are now bieng created because of it 

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September 12, 2018, 11:07:58 AM
 #212

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?
If the world changes everything to crypto it wouldn’t make any sense, things will still be as it is or maybe get even worse cause it is never going to change anything. Anyone that wants to survive in this world needs to work hard, cryptocurrency/Bitcoin can never save you.

Even if you join crypto you still have to work hard to benefit from it. There are people who even lost everything in crypto, so Bitcoin is never problem solver.

And it is not only that. Crypto can in fact ruin you, and not by failing you in the way you mean it. There is a worldly wisdom about money which goes away as easily as it comes in ("easy come, easy go"). There were quite a few people who had been extremely lucky to get into Bitcoin early, like in 2010-2011. And many of these early adopters have already lost all and some ended really badly at that. There was a guy around here who considered himself as an early adopter and according to his words (kind of "confessions of an early adopter"), many people among his friends and acquaintances who got into Bitcoin early were totally random (like drug addicts) and thus couldn't cope with the sudden wealth that Bitcoin gave them

The bottom line is that if something comes too easy to you, take precautions lest you should lose it too fast
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September 12, 2018, 11:19:17 AM
 #213

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 improving the economy, we take the example of people who want to buy equipment online and must use BTC. then what the person will do, of course the person will buy BTC using USD.
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September 12, 2018, 11:49:59 AM
 #214

with crypto the limits of the central bank and the country will be eroded, we will transact directly or P2P and this will cut many trade chains and be very effective
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September 13, 2018, 08:54:53 AM
 #215

Bitcoin can be a form of currency that will help everyone or the economy to have a fair rate to everyone. At the same time, we can not really predict if it will really going to happen. But if thats the case the probably the worker will be machines that are programmed to do specific task. And with that people will love using cryptocurrency.
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September 13, 2018, 09:39:39 AM
 #216

If the Crypto marketers can take a share of the profits to solve social problems. That is really necessary for everyone.
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September 13, 2018, 12:13:11 PM
 #217

Blockchains adoption can actually help economies, while cryptocurrencies like bitcoin can help to facilitate a borderless p2p transactions. I learn mfchain are among top innovations moving toward mass adoption of crpto. It's very important that people should know that not all blockchain projects actually require their own token, some can run on fiat. If countries can adopt the blockchain model, it will lead to a thriving environment for cryptocurrencies.
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September 13, 2018, 12:36:23 PM
 #218

I think maybe some of the economic problems in this world might be solved by cryptocurrency but not all problems can be solved with cryptocurrency because the circulation of cryptocurrency is only a tool and an intermediary.
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September 14, 2018, 09:07:09 AM
 #219

It can help an economy in this manner because it will give more jobs to countries that has more man power than the available jobs. Businesses that render services also benefit from cryptocurrency. Different platforms may also lead to different solutions that may do good in the near future.
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September 14, 2018, 12:18:53 PM
 #220

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.
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