Will crypto solve socioeconomic problems?

[amphibian]

Crypto can help lessen most socioeconomic issue if majority of the populace get into crypto. This is true for the fact that, crypto can help improve upon the lives of those in engaged in it to a certain extent. By so doing, hunger, poverty, and other socioeconomic issues will be reduced amicably.

[darkr]

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.

The cryptocurrency itself cannot solve all of these problems that were mentioned in the thread. It is the task of the government to work on them and help their people.

[sinkfish]

some country are testing on crypto solution. like Venezuela. so far the progress are good.

[syaripudin]

the existence of bitcoin as a decentralized crypto currency can of course foster an economic level of every user because in the case of bitcoin transactions there is no connection with the rules applied by the government so that there is no taxation system as well as the money we store in the Bank. but I think on the other hand the existence of fiat currencies is still very much needed because not everyone can fully understand crypto which is an internet-based transaction tool.

[davinchi]

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?

Cryptocurrency does not solve problems, the only thing that can solve your problems is hard work. If you don’t work hard you’re not going to get out from problem, so you have to work hard.

And you don’t need to join Bitcoin or any cryptocurrency to be able to save yourself from problems, but it’s always to seek for good opportunities and try out lots of stuffs cause you never know where help may come from. Mine came through cryptocurrency and so is a lot of people here, but it didn’t work for everybody and those people it didn’t work have to find something else.

[mejalipat]

I think, crypto currencies can help overcome a person's economic problems because I see many people who have a good economy after they join Crypto and if many people have a good economy, the country's economy will also increase

[darefreads]

Yes of course Crypto can solve socioeconomic problems in any country if they just gets into cryptocurrency they will know how they can use things in a better way like in their needs of their financial problem the all people always have in their life. And I think it can help or improve the economy by giving those people a new way of making more extra profit or extra income.

[Kusnechik]

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

[conected]

I think, crypto currencies can help overcome a person's economic problems because I see many people who have a good economy after they join Crypto and if many people have a good economy, the country's economy will also increase

- You are just looking at the positive direction of this problem and ignore the consequences it brings, as you say, many people already own a very good economy after joining the crypto but the money they earn, it also belongs to others, and even these people live in the same country. And the money transferred to this person then reversed, the economy of the country can not increase, sometimes the money transferred to other countries, the economy suddenly dropped, crypto only makes the socio-economic problem more troublesome, instead of solving

[reality18]

Crypto is already solving most socioeconomic problems. Crypto harnesses the payment methods of businesses and companies which in turn lead to an increase in work productivity. With the Blockchain and crypto, jobs are created for the people.

[princesspoppy]

I think cryptos can somehow lessen socio-economic problem in a way that it can help people with their financial problems as another source of income. In this way, people will somehow improve their financial status that may help in improving a country's economic problem.

[Madiha]

absolutely right i think. when society all classes accept, use and earn profit. hoped will crypto solve socioeconomic problems in the world.

[deisik]

I think cryptos can somehow lessen socio-economic problem in a way that it can help people with their financial problems as another source of income. In this way, people will somehow improve their financial status that may help in improving a country's economic problem.

Actually, there is little to confirm that point

There are at least two reasons or factors why that might not be the case. In fact, crypto may increase societal tensions and conflicts, not alleviate or diminish them. First of all, as a purely speculative asset, crypto is a zero sum game mostly, so someone winning is someone else losing. I don't know how it can "lessen socio-economic problem" if only some win while most lose, which seems to be the case in crypto. Further, given the number of hacks as well as scams and consequently the amount of money lost in the field, I can't fathom how this can help society at large. Note that I don't deny that for some crypto is a very profitable business, but these profits come at the expense of someone else, and someone else here should be plural or even double plural. Obviously, that's not a good thing, either, society-wise

[Tigorss]

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 it will. When we buy something from other country, it is called import. Import is one of economical system of a country to build and develop. It affects to money circulation of countries, and of course it will help lessen the socioeconomic problem. The first and the most important one to make it happen is legalized bitcoin ass the currency to make every payment easy.

[reality18]

One of the goals of crypto is to solve the socioeconomic problems of our society and harness the status of the economy. Crypto enhances the payment methods of businesses and create more jobs for the people which raises the socioeconomic status.

[yanesna3]

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.

The cryptocurrency itself cannot solve all of these problems that were mentioned in the thread. It is the task of the government to work on them and help their people.

I also do not think that the cryptocurrencies can solve any of these problems. The government should be reliable to help people, who suffer - and they should do it regularly.

[kateycoin]

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 crypto have good contribute in any person so I think crypto will the economy of every people who use crypto. In crypto there's so many things that we learn and I know even it's decentralized crypto have big effect to countries economy mostly to people.

[setialovers]

Crypto will make our transaction with others people in other country more easier, but i dont think it will solve much problem on our socioeconomic. Bitcoin is good investment and i think it will save our asset value if we use is as store of value and keep hold it

[maculeth]

no, if you want to get profit from bitcoin you must have the capital to start investing. meaning that the state must provide capital to every poor person who has no money. even though bitcoin prices will not be stable, it will continue to rise. it could even fall as it happened. so the point is that bitcoin hasn't really helped the country's economy.

[RadjorBlade]

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.