Bitcoin can decrease economic development

[Simple Plan(ned)]

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?

[shinharu10282016]

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.

[tanzaholzmann]

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.

[gambitcoin53]

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.

[malcovi2]

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

[cryptoalfs76]

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.

[r32godzilla]

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.

[davis196]

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?
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.

[googs84]

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. 

[Finatu]

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.

[sunsilk]

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.

[eaglewhite80]

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.

[Indrawan77]

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

[cfif123]

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

[Theb]

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.

[hugeblack]

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.

[vlad230]

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.

[damberg]

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  

[tepakpak]

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.

[samcrypto]

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.