Will crypto solve socioeconomic problems?

[Bonsaiav]

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

Of course very helpful. Bitcoin and other cryptocurrency can call directly to the status of the United States dollar as the world currency. During monetary expansion, the central bank alliance has given full attention to economic growth in the United States. Therefore the central banks of these developing countries (other than the United States), inevitably have to intervene to prevent the effects of enriching their currencies. Well, bitcoin's one of them and in my opinion bitcoin can protect the country from American financial policies which only concern one side.

[ahiaba.john@yahoo.com]

Already bitcoin have been used since to buy good and services across the world. Bitcoin create a lot of job opportunity to the people all over the and therefore improve socioeconomic problems of the nations.

[aalborg]

Well, decentralised money is a tool allowing people use money as they want. Nobody affect their property , no one can prohobit to transfer your own digital money.
Another problem to be solved is tax barriers. For some goods you have to pay up to 50 % of taxes and crypto allow to avoid it via direct payments. There is a Flogmall, store like Aliexpress accepting crypto. So it is a real solution!
For the next 5 years crypto will help poor people to increase their investments,because total market cap is too low and it will definitely grow

[andika2018]

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 not magical thing that can solve any problem in the world. But with bitcoin monetary system, government can maintain their inflation and can manage their people wealth because with bitcoin, peoples wealth value keep strong and not decreasing like using paper money

[deisik]

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.

There is an omission in your logic

You seem to forget that while cryptocurrencies do erase national borders when it concerns transferring value as money from country to country, they can't erase borders when the question is about transferring real value as goods. So how are you going to send the actual t-shirt from one country to another even if you pay for it with bitcoins or whatever? It will still have to be cleared at the customs (unless you are trying to smuggle it), and then questions will be asked as to who paid for it and more importantly with what exactly. Simply stated, crypto solves only one part of the equation. It is not an answer to all questions typically implicated in real life matters

[Proudmore]

Encrypted currency can solve many problems, such as fraud, and corruption. I think cryptocurrency is about to change humanity. Human civilization requires a blockchain.

[vhns222]

What do you mean saying solve socioeconomic problems do you mean there will not poor people and only richs no but less poor i think yes as now ystem works to make people poor it very long story so its better google about it.

[CelesChere]

In some areas, cryptocurrency can introduce newcomers to job opportunities. Or you can use the profits to pay for charity issues.

[Triple AAA]

I would say yes it can help partially especially to those people who are unemployed and know the basic things about how to use a computer or have gadgets like mobile phones to be used in doing a task in the crypto world or to the students basically for their financial needs.

[Beegovere]

Bitcoin has helped many people overcome poverty. It shows that bitcoin has helped a lot in changing socio-economic conditions.

Bitcoin has helped early investors. Later investors lost their investment because of the dump in the price. Early investors made thousands of dollars against each bitcoin, but those who bought in last quarter of 2017 have lost thousands of dollars in each bitcoin. So I can say that bitcoin cannot overcome our financial problems. It can help a little bit.

[ReneFigaro]

Today, the world has also paid much attention to social issues such as health, education or job creation. The crypto market is still struggling to address humanitarian issues and the future if there is a fund for social issues, I think it will be acceptable in most countries.

[Arlibtchunt2018]

It's not possible. I think cryptocurrency cannot touch the overall system for the global economic system. Since its been a while for cryptocurrency standing in but it does not affect the market thoroughly.

[MickyDonald]

It is good that everyone is involved in electronic money, which helps to improve the social life. When electronic money issued by governments releases money to people, with the new system, users will pay by the government directly without needing to go through any units. Not only the government, but even economists are very interested in the possibility that countries can issue electronic money in the future. It gives a bright perspective as the economy and management are no longer under pressure from complex systems today. The central point of the CDC is that central banks can directly change interest rates for currencies, easily facilitating savings or spending incentives. Not only that, it can easily create a negative interest rate, which central banks can not really do, as soon as the economy needs a strong stimulus to grow. Everything can change easily and quickly.

[nightways]

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?

😏How sure are you that crypto is going to help a lot of people? Do you have any proof for that or are you now able to see the future and for tell what is going to happen? What I see it Bitcoin and fiat in future, everything will be there. I don’t see Bitcoin taking over to replace fiat or whatsoever, they will remain as it is. Cryptocurrency is good but it is not meant for everyone.

[deisik]

Today, the world has also paid much attention to social issues such as health, education or job creation. The crypto market is still struggling to address humanitarian issues and the future if there is a fund for social issues, I think it will be acceptable in most countries.

What humanitarian issues do you refer to in your post? Crypto pretends to be money, but what does money as well as financial markets as a whole have to do with such issues? Who is going to create the fund for these issues? Should we pay a percentage from our profits ho help jobless and homeless, or what?

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?

😏How sure are you that crypto is going to help a lot of people? Do you have any proof for that or are you now able to see the future and for tell what is going to happen? What I see it Bitcoin and fiat in future, everything will be there. I don’t see Bitcoin taking over to replace fiat or whatsoever, they will remain as it is. Cryptocurrency is good but it is not meant for everyone.

Well, crypto definitely enriched a few people around the world through speculation or simple holding if you had been lucky enough to get in early. But for being mostly a speculative asset, this enrichment became possible only through the impoverishment of other people. Bitcoin and other cryptocurrencies have been and still are a zero-sum game to a great degree, which means to enrich one individual ten individuals should become poorer or even lose their investments entirely

And this is not likely to change in the future

[gorodi]

Maybe the cryptocurrenny will not break the world economic problem at this time because the world economy does not consider the existence of cryptocurrenny there are even some countries that are very opposed to the existence of this cryptocurrenny

It will not solve all of the above-mentioned problems but it will help the society to enter the new era. I believe, it will be the age of the blockchain technologies.

[Nyak put]

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

[Ladysmith]

Yes. It's a solution to the root cause of socioeconomic problems, which is government corruption and inequality.

https://www.coindesk.com/crypto-gaza-west-bank-bitcoin-palestine/

Palestinians are using Bitcoin to transact across borders amid conflict.

For a population with restricted access to the global economy, crypto changes everything. (Even supporters in the west have had their bank accounts shut down.)

[Lorin]

It may help some to earn money but not the socio economic problems because  not all .people are engage on crypto  while some dont even  know about it. Crypto is getting popular but no one can tell that it helps socio economic problem as of now. Others make rich because  of crypto while some used it for illegal transactions and also government are against of it. But no matter what there are some that crypto help them to earn and  use it for a living.

[cizatext]

Off course cypto can help the economic problem of any country just take for instance a country that is going through recession, it citizens if introduced to cryptocurrency will have a choice of choosing a secondary currency which will not be subject to the economic problem being faced by they traditional currency and again help eas their pain due to they economic crisis by way of making extra profit from cryptocurrency.