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Question: Could bitcoin do physical products?
No - 7 (70%)
Yes - 3 (30%)
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Author Topic: Bitcoin can decrease economic development  (Read 2027 times)
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September 06, 2018, 12:16:08 AM
 #1

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
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September 06, 2018, 12:49:45 AM
 #2

Do you mean the economic development of each country? I think it will help the 3rd countries but most 1st countries will be totally against it just look at China and USA has some kind of restrictions against crypto and Bitcoin itself; and sadly for 2018 the price of Bitcoin has gone down so far that I think we will not see any big bull run even when the year ends. It's saddening how these powers can make something move so slow and if Bitcoin is slowed down, the same goes for everything in crypto.
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September 06, 2018, 01:45:40 AM
 #3

To be honest, I panicked reading your post, because you are right, it is quite dangerous if the farmers stop working because they turn into bitcoin traders and leave their farms and make food and fruits less and less because there are no farmers who want to replant the plants,
and I hope that this can be balanced, farmers still want to plant and not focus on bitcoin trading.

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September 06, 2018, 03:58:26 AM
 #4

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?


it is too early to be frustrated with these things, before crypto takes over the economy with digital assets, we are looking at a long future, crypto will never replace fiats as long as there are people who has no access on the internet and has knowledge in crypto. no one wants to buy a fish using crypto, well at least not today.

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September 06, 2018, 04:19:29 AM
 #5

Don't you spend your time outside? Like communicating with the community?

I live in a 3rd world country and the farmers that i knew are rich and I think that they won't risk their livelihood that is making them tons money for something which is unknown to them

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September 06, 2018, 04:43:35 AM
 #6

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

definetly thats not true that doing bitcoin or cryptocurrency investment can decrease the economic development,because one example of more high profitable country interms of economic development are japan,and thos country are the first become regulated and legallized doing crypto currency investment,therefore those expecting or saying  thats digital technology can destroy the economic development is fraud news,because one example become more progressive economic growth  are doing crypto investment and this is the country of japan.

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September 06, 2018, 05:14:45 AM
 #7

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
No need to worry about that.Not everyone would leave their routine jobs and switch to bitcoin as bitcoin is not a stable market and not like the evergreen traditional markets.Instead we could say that they would invest in bitcoin as a secondary option.Its like saying that if everyone gets educated,then who would do the basic jobs.Bitcoin investment would only contribute to the economic development.

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davis196
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September 06, 2018, 05:53:51 AM
 #8

To be honest, I panicked reading your post, because you are right, it is quite dangerous if the farmers stop working because they turn into bitcoin traders and leave their farms and make food and fruits less and less because there are no farmers who want to replant the plants,
and I hope that this can be balanced, farmers still want to plant and not focus on bitcoin trading.



Do you really think that all the farmers will sell their farms and buy mining hardware or cryptocurrencies? Grin
Really???This is ridiculous.Crypto mining isn't always profitable,crypto trading requires trading skills that are totally different than the skills,which are necessary for a good farmer.Farmers will stay farmers,but it would have been great,if they sell their goods for cryptocurrency payments.

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September 06, 2018, 06:01:54 AM
 #9

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

There will always be some part of the community who will have to do the hardworking jobs and then earn the money.

Dont forget that global population is more than 700 billions and crypto currencies are not sufficient enough to fulfil all of them. Meaning though there will be opportunities for all with crypto currencies then also not all of them will understand this model fully and wont succeed in it.

Many people have their own desires to work, that is they will do those jobs which they love the most. So its not necessary that if the bitcoin is giving lot of money then they will suddenly switch themselves to the bitcoin.  Cheesy

 
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September 06, 2018, 06:44:39 AM
 #10

Don't you spend your time outside? Like communicating with the community?

I live in a 3rd world country and the farmers that i knew are rich and I think that they won't risk their livelihood that is making them tons money for something which is unknown to them
I think traditional jobs like farmers, fishermen, and other jobs they have been living for years will not be abandoned once they know bitcoin. Because it is not their world, but for young people whose intellectual level is adequate. Bitcoin is a digital currency that 100% works on an internet basis, while for the third world the internet is still a problem because the network is slow and unstable.
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September 06, 2018, 07:20:07 AM
 #11

Having multiple source is great and I think those professions that you mentioned will stay the same. Well, some probably won't stay if he found out and earned that bitcoin can be a safe haven and he's living a decent life with it.

But that's not that just it, they are the people that badly need by a country if all of them will stop doing agriculture jobs then there will be a company that will take the advantage of that loss. Most of them confidently living by their lives on the farm and it takes time if they will consider exchanging their livelihood(farms) for crypto's.

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September 06, 2018, 07:58:03 AM
 #12

Do not forget that as time goes on bitcoin would be utilized more as a currency and it is the demand for it as a currency that would create a sustainable value for it. With that being said, any farmer or whosoever is in any profession ends up putting their funds into bitcoin, it is just more like they are diversifying and it is not like they will just simply leave their trade because they have been able to hit some big amount of money, which you should not forget, this can even help them expand, create more jobs, go big in the way they could have dreamed of. No sane person, will just want to rely on one spot for revenue, which is why we have diversification in the dictionary.

So, all these things about decrease in economic development being mentioned by so many people here or farmers and other profession leaving their job for crypto is something that cannot happen in reality.
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September 06, 2018, 09:28:06 AM
 #13

Dont worry about this things, not everyone want to involve in crypto, and then not everyone want to understand about crypto, and bitcoin wont decrease the development of a country, infact it can increase the economics by providing more job opportunities and new businesses , and with the high population don't worry that farmers or fisherman will disappear
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September 06, 2018, 09:32:33 AM
 #14

if I don't think so, because as far as I know bitcoin is growing the people's economy, the country and the world too. For example, a country that has legalized its economic bitcoin is increasing, not decreasing
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September 06, 2018, 09:35:37 AM
 #15

You are basically saying that farmers should stay as farmers and fishermen should stay as fishermen. Which means you don't want them to move up in this world, but I never see how people who came from the bottom and had an imrprovement of lifestyle can disrupt the whole economy of the country, simply because we know that one way or another someone will replace them to satisfy the demand that was left out by them. Additionally governments have projects and laws to cover with that kind of changes and they won't let their economy down because one if their farmers have move up into their ranks.

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September 06, 2018, 10:01:04 AM
 #16

I think you are referring to using cryptocurrency as an investment and it's better than daily work.
I do not think so but why do not you say that it can use blockchain and apps based on it to increase productivity and achieve higher revenue.
Now using bitcoin can be financed by anyone around the world and help him increase the productivity of land or legitimate investment.

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September 06, 2018, 10:05:11 AM
 #17

My opinion is that Bitcoin can increase the economic development since it is (or should be in the future) a payment method. It should therefore facilitate the economic growth.

Of course at this point in time BTC and crypto in general is just an investment opportunity and people buy it in the hopes it will reach new highs every year.
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September 06, 2018, 10:07:38 AM
 #18

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

According to (neo)classical economic theory there will always be a group of people whose marginal labour productivity is higher when doing fishing or farming than bitcoin mining or bounty hunting. To cut a long story short - don't worry, the market is going to solve it  Cool
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September 06, 2018, 10:56:26 AM
 #19

I think they will continue to do their profession as farmers and fishermen because bitcoin is not something that drains your time throughout the day, so I don't need to worry.
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September 06, 2018, 11:05:14 AM
 #20

If I'm a farmer and earn good money from that I will still choose to continue even you already know this market simply because having a lot of source of income is better than focusing here in this market. Don't think too much about this digital market because physical things will still exist even fiat money, if you  think government will let their people to stop farming then for sure the supply of basic necessities will be limited and the economy will die for sure, so technically this will not happen even this cryptomarket grows.

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September 06, 2018, 12:55:55 PM
 #21

Well, in my opinion those people that are related to farming, fishing and other agricultural works would probably continue to do their work and perhaps if they had earn knowledge about cryptocurrency, then that would be their second priority. Their main livelihood remains to be the same as always and cryptocurrency will be considered as the other source of income.

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September 06, 2018, 01:08:20 PM
Last edit: September 07, 2018, 10:17:02 AM by stompix
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 #22

To be honest, I panicked reading your post, because you are right, it is quite dangerous if the farmers stop working because they turn into bitcoin traders and leave their farms and make food and fruits less and less because there are no farmers who want to replant the plants,
and I hope that this can be balanced, farmers still want to plant and not focus on bitcoin trading.

Do you really think that all the farmers will sell their farms and buy mining hardware or cryptocurrencies? Grin
Really???This is ridiculous.Crypto mining isn't always profitable,crypto trading requires trading skills that are totally different than the skills,which are necessary for a good farmer.Farmers will stay farmers,but it would have been great,if they sell their goods for cryptocurrency payments.

Well, if you explore the altcoin sections you will see that we have quite a few projects with agriculture on the blockchain.
Now, if you were gullible enough like others and trust this scams you would have a totally different view of this  Grin

There will always be some part of the community who will have to do the hardworking jobs and then earn the money.

Dont forget that global population is more than 700 billions and crypto currencies are not sufficient enough to fulfil all of them.

Ups I knew something was wrong when I come back from my small trip...
I ended up on the wrong planet!

You are basically saying that farmers should stay as farmers and fishermen should stay as fishermen. Which means you don't want them to move up in this world, but I never see how people who came from the bottom and had an imrprovement of lifestyle can disrupt the whole economy of the country, simply because we know that one way or another someone will replace them to satisfy the demand that was left out by them. Additionally governments have projects and laws to cover with that kind of changes and they won't let their economy down because one if their farmers have move up into their ranks.

Sorry but right now it's you who is having a wrong opinion about farmers.

My family is basically a farmer family (except for the black sheep who is typing this post Grin) and we all have finished college and we don't need improvement in lifestyle  
We even have wi-fi coverage in the pig barns, and I'm not joking about this, it's needed to track what is going for sale when we scan the chips.

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September 06, 2018, 01:30:00 PM
 #23

To be honest, I panicked reading your post, because you are right, it is quite dangerous if the farmers stop working because they turn into bitcoin traders and leave their farms and make food and fruits less and less because there are no farmers who want to replant the plants,
and I hope that this can be balanced, farmers still want to plant and not focus on bitcoin trading.
I think you have a short thought, how do farmers stop working so they leave their jobs by changing their profession as a bitcoin trader?
How fast do farmers know the world of bitcoin? they won't think of moving to a bitcoin trader, because in the fields there is no internet access point, I think your answer is very funny!
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September 06, 2018, 01:32:37 PM
 #24

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

Just a small example, my friend is smart in the world of technology but does not want to enter crypto because he is very scared of the various negative speculations out there between fear and between not understanding how to use anything in operating it, only the latest people are very passionate about developing this technology , a farmer or fisherman will not leave their profession which has been very promising in a few years, if they enter only for crypto, I hope it takes a lot of time for them to adapt and enjoy the benefits they get, don't worry, in the real world will always develop without us knowing that more work is built, mutually beneficial but in accordance with their respective fields to build a better individual economy.
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September 06, 2018, 02:41:31 PM
 #25

I think they will continue to do their profession as farmers and fishermen because bitcoin is not something that drains your time throughout the day, so I don't need to worry.
indeed bitcoin does not completely reduce the economy in every country, because the economy in each country is sometimes different and not the same. so we have to think positively that bitcoin won't completely change the economy.
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September 06, 2018, 02:52:32 PM
 #26

On the contrary, I think that bitcoin can help increase the economy of a country. Even if farmers, fishermen and other workers get into bitcoin, bitcoin and other cryptocurrencies can help with a country's economy, especially third world countries.
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September 07, 2018, 12:00:07 AM
 #27

On the contrary, I think that bitcoin can help increase the economy of a country. Even if farmers, fishermen and other workers get into bitcoin, bitcoin and other cryptocurrencies can help with a country's economy, especially third world countries.
To be honest, I panicked reading your post, because you are right, it is quite dangerous if the farmers stop working because they turn into bitcoin traders and leave their farms and make food and fruits less and less because there are no farmers who want to replant the plants,
and I hope that this can be balanced, farmers still want to plant and not focus on bitcoin trading.
I think you have a short thought, how do farmers stop working so they leave their jobs by changing their profession as a bitcoin trader?
How fast do farmers know the world of bitcoin? they won't think of moving to a bitcoin trader, because in the fields there is no internet access point, I think your answer is very funny!

To be honest, I panicked reading your post, because you are right, it is quite dangerous if the farmers stop working because they turn into bitcoin traders and leave their farms and make food and fruits less and less because there are no farmers who want to replant the plants,
and I hope that this can be balanced, farmers still want to plant and not focus on bitcoin trading.

Do you really think that all the farmers will sell their farms and buy mining hardware or cryptocurrencies? Grin
Really???This is ridiculous.Crypto mining isn't always profitable,crypto trading requires trading skills that are totally different than the skills,which are necessary for a good farmer.Farmers will stay farmers,but it would have been great,if they sell their goods for cryptocurrency payments.

Well, if you explore the altcoin sections you will see that we have quite a few projects with agriculture on the blockchain.
Now, if you were gullible enough like others and trust this scams you would have a totally different view of this  Grin

There will always be some part of the community who will have to do the hardworking jobs and then earn the money.

Dont forget that global population is more than 700 billions and crypto currencies are not sufficient enough to fulfil all of them.

Ups I knew something was wrong when I come back from my small trip...
I end up on the wrong planet!

You are basically saying that farmers should stay as farmers and fishermen should stay as fishermen. Which means you don't want them to move up in this world, but I never see how people who came from the bottom and had an imrprovement of lifestyle can disrupt the whole economy of the country, simply because we know that one way or another someone will replace them to satisfy the demand that was left out by them. Additionally governments have projects and laws to cover with that kind of changes and they won't let their economy down because one if their farmers have move up into their ranks.

Sorry but right now it's you who is having a wrong opinion about farmers.

My family is basically a farmer family (except for the black sheep who is typing this post Grin) and we all have finished college and we don't need improvement in lifestyle 
We even have wi-fi coverage in the pig barns, and I'm not joking about this, it's needed to track what is going for sale when we scan the chips.


I'm not being against the bitcoin trading, I do support this.

Is there any young farmers, fishermen now a days? Those who are staying in this profession, most of them are adults. Our generation outgrows to digital world. Obviously, who ate digits? 😂 Balance is what we need of.

Yes it is absolutely true that bitcoin does increase economic development. However, there is always negative effect of it and that is what we must prepare of. Not tomorrow but today. Tomorrow no one will be wanted to plant anymore, and to catch fish patiently, unless they teach robots to do so. Then the people of the next era become lazy as sleeping bee.
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September 08, 2018, 08:01:28 PM
 #28

Do you mean the economic development of each country? I think it will help the 3rd countries but most 1st countries will be totally against it just look at China and USA has some kind of restrictions against crypto and Bitcoin itself; and sadly for 2018 the price of Bitcoin has gone down so far that I think we will not see any big bull run even when the year ends. It's saddening how these powers can make something move so slow and if Bitcoin is slowed down, the same goes for everything in crypto.
The question the OP is not even asking himself is that, are the bitcoins he is claiming if everyone is pursuing to enrich themselves will create decrease in economic development going to be gotten for free. Certainly not!

Whoever is purchasing bitcoin will definitely not be relying on it to enrich themselves and there would always be need for transfer of currencies between hands for the value of what you are purchasing. Hence, one way or the other, you will still have to work for what you are getting and as long as working is still inevitable, decrease in economic development is not something we need to be worrying about.
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September 08, 2018, 08:40:03 PM
 #29

Currently the average person thinks about investments and trading when it comes to Bitcoin, but eventually Bitcoin will become so normal as being another form of money, that the investment and trading aspect won't differ from how professional parties (and to a lower extent retail traders) trade EUR/USD/CNY/JPY, etc. The average person has not much with forex trading, and will no longer care about Bitcoin in the same way when we reach the aforementioned stage.

Bitcoin is a very simple protocol meant to do just a couple of things extremely well, and that's directly what makes it so powerful. Instead of decreasing economical development, it will stimulate economical development with how you are dealing with a non deflationary means of exchange that doesn't abide by any laws set up by governments. Governments are actively holding back economical growth, and that in more ways than just one. Bitcoin breaks that.
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September 08, 2018, 10:01:38 PM
 #30

On the contrary, I think that bitcoin can help increase the economy of a country. Even if farmers, fishermen and other workers get into bitcoin, bitcoin and other cryptocurrencies can help with a country's economy, especially third world countries.

bitcoin is able to help our economy at this time. but all that must require our hard work in plunging into the world of bitcoin. so we are not involved in bitcoin, we don't feel free, and we don't work hard, instead all that is the opposite. we need hard work, patience and perseverance.
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September 08, 2018, 10:20:06 PM
 #31

Currently the average person thinks about investments and trading when it comes to Bitcoin, but eventually Bitcoin will become so normal as being another form of money, that the investment and trading aspect won't differ from how professional parties (and to a lower extent retail traders) trade EUR/USD/CNY/JPY, etc. The average person has not much with forex trading, and will no longer care about Bitcoin in the same way when we reach the aforementioned stage.

Our community has to develop easy to use and reliable software before that happens. Personally, I doubt that ordinary people are going to use on-chain transactions. Second layer scaling solutions are better since they offer instant and cheap transaction but they still require the user to open and close a channel on-chain. That's why some think that more layers will be built on top of the Lightning Network and used by an average Joe.
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September 08, 2018, 11:20:41 PM
 #32

To be honest, I panicked reading your post, because you are right, it is quite dangerous if the farmers stop working because they turn into bitcoin traders and leave their farms and make food and fruits less and less because there are no farmers who want to replant the plants,
and I hope that this can be balanced, farmers still want to plant and not focus on bitcoin trading.


That is not right, a farmer, workman or fisherman will remain in their work and balance economic stability. They will not leave for their work just to trade bitcoin, something they might not even choose. Trading requires extensive knowledge so they need a long time to study while they will still choose their jobs because they already know the ins and outs of their work. Or it could be that they trade or learn trading interrupted during their free time so they will not disturb what they have done. I will tell you, farmers and fishermen in my country they have very low knowledge of the world of technology so they will ignore bitcoin to get profit or even replace it.
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September 08, 2018, 11:23:03 PM
 #33

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
I know it's crazy but maybe in the future when money has turned digital, people will switch to using robots for every physical job. the fact is that the robot industry is developing now, many robots are replacing human work, besides being more energy efficient, the use of robots is also considered more efficient.
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September 08, 2018, 11:44:34 PM
 #34

Personally, I doubt that ordinary people are going to use on-chain transactions. Second layer scaling solutions are better since they offer instant and cheap transaction but they still require the user to open and close a channel on-chain. That's why some think that more layers will be built on top of the Lightning Network and used by an average Joe.

LN is the only way forward in that regard.

The power of a globally deployed LN is that you don't have to close your channels. At that point people will be able to buy and sell coins through LN which will automatically give people way less incentive to close their channels. Why would you want to cash out to the main chain when you can have everything be done through LN? Going back to the main chain is like saying goodbye to your Ferarri from where you then jump on your rusty bike with a flat tire.

If you plan to send just one or two transactions without having an active LN channel, then you are better off using the main chain to conduct these transactions.
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September 08, 2018, 11:50:55 PM
 #35

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
I don't think that's the case, what I'm worried about is that the government's fear of bitcoin really happened, the economy will be disrupted because bitcoin dominance replaces the national currency, I don't think that should happen because the national economy must be supported by national currencies and not something the decentralization. Bitcoin can be used as an alternative currency but fiat mmoney cannot die.

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September 09, 2018, 12:21:28 AM
 #36

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
Perhaps you forgot something. Bitcoin or say blockchain technology it is associated with the 4.0 industry. Where all systems including agriculture, industry, and tourism are all automated. Maybe in the future a lot of jobs will disappear and be replaced by automation robots. Blockchain will pull all sectors up
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September 09, 2018, 12:40:27 AM
 #37

Even a taxi driver or a vendor or even a farmer and some professionals knew something about bitcoin, if they just know the disadvantages and the heavy risk of this kind of cryptocurrency, then i believe that they will not forget their profession. This new era you have mentioned as digital money is somehow not yet totally adopted by everyone.
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September 09, 2018, 12:47:06 AM
 #38

Bitcoin can help you but you cannot determine its fate in bitcoin especially in the current situation ... for me bitcoint as support for the extra money that will be
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September 09, 2018, 03:27:34 AM
 #39

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

If bitcoin become global currency, every country still have their own currency. Fisherman or farmer still using their own currency for their activity and i am believe they keep doing their job. Bitcoin dont affect to every people job because what people need is device to use bitcoin

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September 09, 2018, 06:59:00 AM
 #40

Bitcoin is both boon and bane for economic development. Where bitcoin has helped in stability of economy there only it has disturbed it also as poor people or the uneducated people can not use bitcoin and are unaware of it. Bitcoin can't totally decrease economic development because world is becoming digital now and people are adopting more the policy of cashless society. Till now it is the best investment asset which has turned very beneficial for the economy.

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September 09, 2018, 07:22:38 AM
 #41

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
No. I dont believe that bitcoin can decrease the economic development because it can decrease unemployed people in a country. Bitcoin don't have any reason that it will make the economy fall down. Bitcoin is very beneficial in a country the government are just afraid because they cannot control it.
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September 09, 2018, 07:28:37 AM
 #42

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

If bitcoin become global currency, every country still have their own currency. Fisherman or farmer still using their own currency for their activity and i am believe they keep doing their job. Bitcoin dont affect to every people job because what people need is device to use bitcoin
This is far more complicated than op presented it. He didn`t even try to explain current situation, where little farmers are being destroyed by corporations. What will new era bring together with blockchain, take a look on some projects where people are making their own token for their own industry, or work, business, with blockchain this little farmers will have a weapon against corporations and we can help them by supporting their tokens, get dividends from their work.
I can`t understand people who are worried about new era, but with current era that they are satisfied? That is a disaster, people don`t know in what kind of world they are living.



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September 09, 2018, 07:45:21 AM
 #43

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
Bitcoin is not a job it is just the currency so if someone want to have bitcoin they need to do work to earn that so it won't affect any kind of profession.If you think crypto trading as a job it can't be done by everyone only few people can become traders of everyone starts doing crypto trading then world will get into chaos.But this won't happen at any cost the world needs all kind of jobs for the human beings to exist.
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September 09, 2018, 07:59:01 AM
 #44

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
You does make sense but we cant all love the samething and we all have passion for different things which is the reason why one man food is another mans poison. Concerning the farmers knowing how to earn bitcoin, I have alot of ICOs which were meant to boost agriculture products and if you do a background check of the project teams they are definitely a farmer.

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September 09, 2018, 08:01:46 AM
 #45

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
Bitcoin is not a job it is just the currency so if someone want to have bitcoin they need to do work to earn that so it won't affect any kind of profession.If you think crypto trading as a job it can't be done by everyone only few people can become traders of everyone starts doing crypto trading then world will get into chaos.But this won't happen at any cost the world needs all kind of jobs for the human beings to exist.
I strongly agreed with you mate, yeah Bitcoin is not a job. If those people learned about bitcoin they used this as an alternate source of income because you can't rely on this as a main source of income. Field workers like Fisherman, Farmer and etc that are related skilled worker they may use bitcoin as a part-time job but they can't give full-time work in crypto-currencies.
Adopting in cryptocurrency is depends upon o which country you are.

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September 09, 2018, 08:24:38 AM
 #46

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

First of all, you seem to be lost in a false dichotomy and are trying to solve a non-existent dilemma. Having a profession (i.e. being qualified to do something) allows you to be hired for a certain job, but it is not a job in and of itself, nor is it its lack. In simple terms, you are comparing apples and oranges, while they are as different as chalk and cheese

Further on, you are asking wrong questions. It is not so much about farmers, fishermen, and other people of similar occupations as about everyone, whatever activity they are involved in. Bitcoin can only exist as an addition to fiat, without fiat it will be useless as its lacks features that would allow it to be used instead of fiat

The lesson to take home is that you can sleep tight as Bitcoin and crypto in general don't threaten either farmers or fishermen (or fiat itself)

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September 09, 2018, 09:07:15 AM
 #47

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

Contrary to what we might think or believe not everyone is "making money" from trading.
It is not that easy to make gains and not everyone wants or has the confidence to trade
in this volatility.

The vast majority of people are of the thinking "dont want to know" "dont care" "dont know
how" or are quite happy working as it is their life.
It is a bit irrational to think even in the next 50 years that everyone will be sitting at home
day trading crypto and we have to remember there will be less than 20,000 bitcoins
available to share around the world.

R


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September 09, 2018, 09:13:01 AM
 #48

This topic is hot all the time when it comes to the economic development of the world and its contribution. I hardly think that government is even worried about the bitcoin and its economic effects. They are worried about only the black money that is getting laundered with the help of crypto currency and nothing else. That is money which may not even move the national development in right path. I mean bitcoin as whole has money which is spent everyday in the whole world. Thats my uneducated guess but I am sure it is upto 60% true. Even it is some % truth then also its sufficient to prove the theory that it doesnt matter what bitcoin is doing and whether it has the adverse effect on the economic development or not.
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September 09, 2018, 09:38:37 AM
 #49

Well, Bitcoin is nothing but just another form of money and one can earn it in the same way that he earns the regular money. However, the hidden potential lies in the decentralization part which allows us to leverage the potential of lower cost & time. However, with the great power, there is a great responsibility and we must have the awareness on a mass level before promoting the actual ground level use of it.
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September 09, 2018, 09:40:42 AM
 #50

i think with the lack of legality of bitcoin, and investors are turning to investing in BTC, this can hamper economic growth. We imagine that many have escaped state tax trap by investing in BTC
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September 09, 2018, 09:46:36 AM
 #51

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
It will be so dangerous if this will happen. If the farmers will stop farming and focus here then that will be so difficult. How can we live without them?

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September 09, 2018, 10:10:24 AM
 #52

I think most of them will continue to do their profession, and every profession / job will want to get results. the results of the work may be considered more real to them.
If they learn about bitcoin, I don't think it's to be a new job for them. Maybe it will be a new land to invest if they are interested, hoping to get additional income from the investment. Not everyone can understand bitcoin, even those who have learned are not necessarily successful in bitcoin. Interest and talent for something that is most relevant in determining a suitable job. Even though at a certain time bitcoin can provide big and fast benefits for those who are experienced in this matter.
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September 09, 2018, 11:00:44 AM
 #53

In my point of view, we have different skills that may be suited to our jobs. As to learn bitcoin, of course you have to be computer literate otherwise you will not understand it. As a matter of fact, we are not all devoted to the modern technology so it's hard to assume that it can affect the economic development.

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September 09, 2018, 12:03:00 PM
 #54

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
not everyone will follow to get bitcoin, try asking your friends who don't know about cryptocurrency, I'm sure the answer is they didn't notice it. such people will not believe in unreal results, they only believe in the effort that appears. how many times you try it your business will be in vain, and not everyone will understand about how bitcoin works.
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September 09, 2018, 12:28:28 PM
 #55

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

Exactly, we are slowly moving to digital currency and cashless society.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

I don't get your argument. There's still a learning curve here. Its not that once they enter they the crypto sphere they will earn huge amount already. So I don't think that they will leave their farms or not go fish again. Besides, do those farmers and fishermans are technically inclined? I doubt it. And its hard to teach old dogs new tricks. Perhaps what they can do it let their kids embrace crypto and show them how it works but it doesn't mean they need to go full crypto themselves, just saying.
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September 09, 2018, 01:06:16 PM
 #56

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

I do not think that the development of the crypto industry can cause a rift in the economy. In the yard where I live, the population is about 1000 people. I do not think that out of this thousand people there will be at least 5, who are tightly engaged in cryptocurrency. This is not accurate statistics, but we are now a minority and many of those who are engaged in cryptocurrency continue to work in offices, perform services. Almost all of us work also in real time.
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September 09, 2018, 01:09:35 PM
 #57

Their are many countries which believe that bitcoin will affect the economy of their country if they declared bitcoin as legal.So this is the main reason why many countries are not accepting BTC .May be they are right upto some extent because the one who decides such things are very intelligent and responsible people,they will take a decision which is beneficial for the country.But as an indivisual i believe that this will help a lot in growing the economy of the country.

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September 09, 2018, 01:17:03 PM
 #58

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

your question and the heading for the vote differs. So I would say about products yes there is scope we can have bitcoin in the future as currency to have a buying power of physical products(which it has now too partially). But the other statement of earning bitcoin and leaving jobs isn not gonna happen as to earn bitcoin and another crypto you need to have some techy skills or computer frenzy. but the agricultural workers are not used to that.
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September 09, 2018, 01:21:05 PM
 #59

Decrease ? Hmm i dont really think so . i dont see any disadvantages of bitcoin on why it can decrease the development of the economy of a country .  

Bitcoin can rather help the economy of a country to develop more and more due to the fact that bitcoin helps people to find a career online . many unemployed people are now have a job because of the influence of bitcoin .

Bitcoin also helps people to save time and money when transfering money here and abroad .

That is only few of the reasons that i can think of on why bitcoin is helpful and not a hindrance to us .
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September 09, 2018, 01:24:53 PM
 #60

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?

we are just changing the old payment method but the industries are intact. we are just making a better payment system where there is lesser error and fees. i doubt that bankers will shift to cryptocurrency. i think they will remain.


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September 09, 2018, 01:37:09 PM
 #61

I think that you should think of your personal development and then the economic. But in my opinion, it is not the 100% guarantee that btc will bring the economic development to the country
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September 09, 2018, 03:06:44 PM
 #62

I think bitcoin does not cause a decline in the economy. Bitcoin is very helpful in the economy. Bitcoin does not affect everyone's work because what people need is a device to use bitcoin. Bitcoin has no reason whatsoever that will make the economy fall. Bitcoin is very profitable in a country, the government is only afraid because they cannot control it.
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September 09, 2018, 06:33:41 PM
 #63

Decrease ? Hmm i dont really think so . i dont see any disadvantages of bitcoin on why it can decrease the development of the economy of a country .  

Bitcoin can rather help the economy of a country to develop more and more due to the fact that bitcoin helps people to find a career online . many unemployed people are now have a job because of the influence of bitcoin .

Bitcoin also helps people to save time and money when transfering money here and abroad .

That is only few of the reasons that i can think of on why bitcoin is helpful and not a hindrance to us .

You only see what your eyes want to see

If Bitcoin helps people earn money online, it doesn't mean it can help economy in a major way. The declared purpose of Bitcoin (as per Nakamoto) to be a means of payment. A good means of payment means a lot to the economy, that's why money is said to be the blood of the economy. The smoother it flows, the less obstacles it meets, the better the economic organism feels. In this way, if Bitcoin, or any other coin, is going to help the economy big time, it should be way better than fiat. And if it really were, it would have already substituted fiat money, at least in those countries which don't have their own money (there are a few such in the world)

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September 09, 2018, 06:41:45 PM
Last edit: September 10, 2018, 02:45:24 AM by maarx
 #64

It depends on the countries who already accepted it. But be sure of a define growth instead of a lose. Countries have seen bitcoins growth and they know the benefits of accepting it. Countries were developed with its support. Especially the citizens are really earning will in crpto platform. I dont see the economic growth getting spoiled because of bitcoin or because of any other crypto currencies. This is the reason we do see bitcoin is getting acceptes slowly.



























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September 10, 2018, 09:56:58 AM
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 #65

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
That is B.S. No sane person will simply want to put all their eggs into one basket and I am sure most of the people that invested earlier into cryptocurrency and have been able to get rich through that must have been able to find other avenues to invest their money, which apparently could have created more jobs and as far as I am concerned, that is absolutely a development economically.

There will still always be these things in place and it is not like every single person will just concentrate on acquiring bitcoin since it is not like you can end up acquiring it for free.

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gowobonyok
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September 10, 2018, 10:10:07 AM
 #66

the first reason is because bitcoin is not taxed. if you do an import / export transaction, the goods use bitcoin, meaning that the country does not get tax benefits from the transaction. it clearly makes the country's economy decline. not only bitcoin, but all online businesses that are not taxed will be the same.
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September 10, 2018, 10:54:35 AM
 #67

Passion from every people will not always be same so nothing to worried about this situations because i'm pretty sure even though farmers or fishermans know bitcoin and can able to earn money from it but they still do their main jobs because some of them can satisfied their life with do the jobs they liked it
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September 10, 2018, 11:00:08 AM
 #68

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
That is B.S. No sane person will simply want to put all their eggs into one basket and I am sure most of the people that invested earlier into cryptocurrency and have been able to get rich through that must have been able to find other avenues to invest their money, which apparently could have created more jobs and as far as I am concerned, that is absolutely a development economically.

Based on your post, should I conclude that drug trafficking, for example, is definitely a good thing for the society at large because drug lords (folks like Pablo Escobar) who first earn insane amounts of money by smuggling drugs, may then invest all this money in respectable businesses (like construction of houses), thereby creating many new jobs, and that is absolutely a development economically as far as you are concerned?

Long story short, are you sure that means always justify ends?

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September 10, 2018, 11:39:31 AM
 #69

I do not worry about it at all, whether the farmers left their business and became a brokers with the appearance of the stock market, they are not of course. Crytpo creates a totally new generation of investors whose success requires high-tech training.
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September 10, 2018, 11:59:06 AM
 #70

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
you think too far. someone who already knows how to get bitcoin is unlikely to leave real-world work. because they think if bitcoin is just a long-term income it can't be made a steady income. because they need to meet their daily needs.
I am a teacher and I also look for bitcoin but do not leave my job. because I think number 1 and bitcoin real world jobs for the future.
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September 10, 2018, 12:12:02 PM
 #71

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
you think too far. someone who already knows how to get bitcoin is unlikely to leave real-world work. because they think if bitcoin is just a long-term income it can't be made a steady income. because they need to meet their daily needs.
I am a teacher and I also look for bitcoin but do not leave my job. because I think number 1 and bitcoin real world jobs for the future.

That largely depends on how much you have in your stash

It is not uncommon for people to leave their as hateful as despicable jobs and live off their investment earnings, though not necessarily coming from crypto. Anyway, some people like Warren Buffett and his sidekick Charlie Munger have been doing that through their entire lives, so why can't you really? In the worst case scenario you can always return to what you had been doing before you embarked on the investment journey. But people rarely return as they build their own savings funds and don't need to work their asses off to sustain themselves

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September 10, 2018, 12:33:27 PM
Merited by el kaka22 (5)
 #72

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
Lol, you should never worry about what people are saying here,... There are lots of crazy people here and they just say whatever that jumps into their mind. They don’t even make research, that’s what pisses me off the most, they just come here to write whatever they want to, the way they feel.

I have seen some of them make predictions like they are able to tell the future but by the end of day it was never what they predicted that happens. People are never going to abandon their jobs just because of Bitcoin and Bitcoin is not meant for everyone except for those who are investors.
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September 10, 2018, 12:47:44 PM
 #73

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
you think too far. someone who already knows how to get bitcoin is unlikely to leave real-world work. because they think if bitcoin is just a long-term income it can't be made a steady income. because they need to meet their daily needs.
I am a teacher and I also look for bitcoin but do not leave my job. because I think number 1 and bitcoin real world jobs for the future.
yes you are right, bitcoin really helps the income of everyone who uses it, but as you say, you must still have a job in the real world, because the process of earning income from bitcoin is long-term, and don't be too careful that you can succeed just because have bitcoin. bitcoin can also go down anytime, so you have to be vigilant, and don't be too serious
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September 10, 2018, 02:33:42 PM
 #74

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
But why would farmers stop doing their job just because they became familiar with cryptocurrency market? Do you mean that they will leave their jobs to do the full time crypto trading? Come on, dude, I don’t think so it is possible. First, cryptocurrency trading as a means of daily income is very dangerous. Second, one needs to be a literate person, with good analytical and technical skills and some experience to trade profitably in the market. I don’t think so that farmers would give up their job for crypto.
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September 10, 2018, 02:47:08 PM
 #75

Do you every consider why the recession of 2008 happened or back in 1929. at those time no bitcoin has any existence. i think that Bitcoin will emerge when all the world is going to face massive recession and it is not to far. currently the currency war is at its peak, majority of nations are now fed up with Dollar controlled economy, so they are searching the ways to shift the dependency to some other source and currently they have some hope in Bitcoin and other crypto currencies.
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September 11, 2018, 06:56:20 AM
 #76

No sane person will simply want to put all their eggs into one basket and I am sure most of the people that invested earlier into cryptocurrency and have been able to get rich through that must have been able to find other avenues to invest their money, which apparently could have created more jobs and as far as I am concerned, that is absolutely a development economically.

There will still always be these things in place and it is not like every single person will just concentrate on acquiring bitcoin since it is not like you can end up acquiring it for free.
I believe  we are forgetting that the real purpose of bitcoin was to become a digital currency, which in itself means that the things you worry about is the things bitcoin is trying to achieve. Back in the day bitcoin was suppose to be a currency and used for buying and selling instead of trading to make money. In these days people are buying bitcoin and selling to make money and that makes you wonder if bitcoin can sustain or even hurt the economy but the economy had all the time to prove its going good however it is not, bitcoin is here to solve that problem and give the control to people.

I have seen some of them make predictions like they are able to tell the future but by the end of day it was never what they predicted that happens. People are never going to abandon their jobs just because of Bitcoin and Bitcoin is not meant for everyone except for those who are investors.
Yes, those who quit their regular job for the reason of some other passive income generation, must be just the lazy ones and those people should not be considered for the measurement of how bitcoin is going to impact the economic development of one country.

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September 11, 2018, 07:07:03 AM
 #77

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
But why would farmers stop doing their job just because they became familiar with cryptocurrency market? Do you mean that they will leave their jobs to do the full time crypto trading? Come on, dude, I don’t think so it is possible. First, cryptocurrency trading as a means of daily income is very dangerous. Second, one needs to be a literate person, with good analytical and technical skills and some experience to trade profitably in the market. I don’t think so that farmers would give up their job for crypto.
right. of course everyone has their own skills, and they will be comfortable with that world. we know that bitcoin users are only 1%, so there are still many who are loyal to their initial work

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September 11, 2018, 07:14:04 AM
 #78

the more days how to get bitcoin is no longer easy. I am sure people will think they need large enough capital to be able to have bitcoin. Only creative people can see opportunities through bitcoin, they must have innovation so they must be willing to follow modernization. If the people who reject this, I'm sure they will be left behind
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September 11, 2018, 09:12:02 AM
 #79

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
But why would farmers stop doing their job just because they became familiar with cryptocurrency market? Do you mean that they will leave their jobs to do the full time crypto trading? Come on, dude, I don’t think so it is possible. First, cryptocurrency trading as a means of daily income is very dangerous. Second, one needs to be a literate person, with good analytical and technical skills and some experience to trade profitably in the market. I don’t think so that farmers would give up their job for crypto.

This is technically impossible, i.e. everyone trading and making profits. In real world, only a few selected percentages of traders are actually earning enough to provide for a living. The rest are losing in the end, and things are not going to change radically if everyone and his grandma start trading, be it crypto or anything else. So farmers, millers, fishers, or whoever will eventually get back to their profession and their jobs after they burn their fingers and lose some money. In fact, something like that actually happened in 1929 when common people started to speculate on the US stock market. What it ended with is very well known

It ended with a disaster

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September 20, 2018, 01:36:52 PM
 #80

Bitcoin is the future and he can not reduce the development of the economy, but on the contrary he will develop it and with each time more and more.

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