Will crypto solve socioeconomic problems?

[zhelis74]

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

Transaction is the cons of crypto at this time and I don't think it easier for those who are new in crypto and besides it needs some medium prior having a successful transaction like internet and a gadget, but I believe someday it will be improve since they need to escalate its development for there are many people engaging in crypto as they found that it really help on financial problem.

[Google+]

I don't think it will work, cryptocurrency will only be able to provide solutions to financial problems and transaction problems that are now not safe while using bitcoin transactions can be safer and faster so that bitcoin can only be used as a financial bridge or economic transaction.

[patispace]

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 many people are still confused about the true scope of cryptocurrencies, and the reasons that led their founders to the creation of this technological innovation. It would be very long and exhausting to try to give a succinct explanation of all this, however I think it is sufficient to clarify that neither bitcoin nor any other crypto was created with the specific purpose of "solving someone's poverty", "enriching a country" or any other thing that has to do with the accumulation of wealth, so we should stop creating false expectations in this regard to focus on the multiple cases in which a cryptocurrency could really contribute to making a better world.

[tominsoto]

Yes if people would work serious on crypto it would help them to our socioeconomic problem especially to those to have no permanent job ,the problem in unemploent could be resolve if they would engage on crypto

[Impulseboy]

I think many people are still confused about the true scope of cryptocurrencies, and the reasons that led their founders to the creation of this technological innovation. It would be very long and exhausting to try to give a succinct explanation of all this, however I think it is sufficient to clarify that neither bitcoin nor any other crypto was created with the specific purpose of "solving someone's poverty", "enriching a country" or any other thing that has to do with the accumulation of wealth, so we should stop creating false expectations in this regard to focus on the multiple cases in which a cryptocurrency could really contribute to making a better world.

I agree, but what about those whose lives become somewhat better because of cryptocurrency? I mean, I understand that no one should rely solely on bitcoin or altcoins as their only source of income, but surely it did help some, right? Plus, if it gets regulated, do you not think that crypto can help eliminate corruption?

[princeyeboah]

One of the goals of crypto is to solve the socioeconomic problems in a country through the enhancement of payment methods in businesses, companies, shops etc. Crypto will offer job opportunities for developers, merchants, bounty managers and hunters etc.

[iMark]

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

Thats the point dude, bitcoin is a good investment and profitable! from this opportunity we can use it for your personal interests,
you can profit and improve your economy through this investment or the work you get in bitcoin

[Freegan]

I think it's time to think of cryptocurrencies as an alternative to the current financial system, or as a replacement for fiat money, but not as a means to solve the fundamental problems of a country such as poverty. For this, state policies are required that go far beyond the simple use of one currency or another.

[Semosuchi Tesongrato]

Bitcoin is a currency, and like all currencies it is not a value in itself, but it is only the conventional measure of a value.
So, it will not solve any problem: who today is poor in dollars, will remain poor in bitcoins. Sorry ...

[paulspider]

Cryptocurrency goes a long way to solve most of the issues pertaining to social and economic problems. There is the initiation of most coins which will help curb the issue of financial constraints on the part of investors and bounty hunters.

[Sobocirevo]

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.

For now, bitcoin has no influence on the socio-economic problems of a country, because bitcoin only solves the problem of some people who have a high frequency in paying transactions between countries, which usually use banks that require more time and are more expensive.

[MoreMoneyHunt]

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.

[Pumapipa]

From my point of view, Cryptocurrency will be a great help especially to people in the third world country. Joining ICO for cryptocurrency projects and them getting paid is a great deal for them because this will serve as a chance for them to afford the goods that they can't afford pre-ICO. If most people under the poverty line will have the knowledge of this, underemployment will reduce and economic status and country's gross income will also increase due to an increase in buying power of the people.

[jonaire99]

Cryptocurrencies are not created to solve socioeconomic problems because of their volatility and unpredictability. Furthermore, there are many problems that might be encounter when government or a foundation use it like unstable price, crashes and possible large scale hackings. Cryptocurrencies like bitcoin can be effectively use if it converted to fiat to avoid possible large fluctuation of bitcoin.

[Pattart]

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.

You right bitcoin is changing the economy and even the world financial system, how its profits from investment can provide a better economy to the people and other functions such as currencies so that many people in various countries can transact each others without confusing local currency differences..

[agentx44]

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?

Yes crypto would probably solve socioeconomic problems because a lot of people had change their lives with the help of cryptocurrency, that is why if every countries in the would start to accept cryptocurrency maybe it may help to decrease poverty and unemployed people.

[henrique2018]

Every instrument can be used to solve socioeconomic problems but it depends on people who create and implement strategies and policies.

[KGBx]

In future - probably yes, basically it is designed to solve these problems and that's why it will replace fiat one day.

[Bitfling]

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 am believe if cryptocurrency regulate in a country, it will improve country's economy because more eficientcy will created. If more bussiness sector jump in crypto, they will saving a lot cost and can expand their bussiness and creating more jobs

[fauzan Ichsan]

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 am believe if cryptocurrency regulate in a country, it will improve country's economy because more eficientcy will created. If more bussiness sector jump in crypto, they will saving a lot cost and can expand their bussiness and creating more jobs

especially for now, by using cryptocurrency, of course indirectly invest, so that more countries allow it, the value will increase. and i think that is a double advantage of using cryptocurrency