Bitcoin can less the unemployment rate?

[wahyu wida]

Still can't  reduce unemployment rate because bitcoin value is not stabel so that you don't  have permanent salary but bitcoin always taking a risk this can't  reduce unployment in our country. Bitcoin is help for part time only but you need to find an stable job for you to have back up on profit.

I agree on this one, bitcoin is too risky to depend on because of its price movements and we know that this market is still on a speculation basis and if you are in need of money everyday, its hard to use bitcoin. Having a real job is still better, the unemployment rate will still not be good if people will just depend on bitcoin.

I do work on bitcoin as a side job, and it still works real. By looking at the uncertainty of income from bitcoin, I chose to work in the real world, and considered income from BTC a bonus

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[reynald70]

For now it is very difficult to say that Bitcoin can reduce unemployment, because for example, for now the bounty campaign is no longer valuable like last 2017, so it is very difficult to find big profits at this time.

[Wayan_Pedjeng]

I don't think that it is possible. Because although Bitcoin will result in the creation of new jobs, a lot of jobs will be lost as well.

[Ridwan Fauzi]

For now it is very difficult to say that Bitcoin can reduce unemployment, because for example, for now the bounty campaign is no longer valuable like last 2017, so it is very difficult to find big profits at this time.

How many bounty campaigns pay with bitcoin? I don't think there is. In this forum, the participant pays with bitcoin only the signature campaign here https://bitcointalk.org/index.php?board=52.0, otherwise there is none. I don't think when most people who think when bitcoin is accepted in a country it will reduce unemployment, so far I have not found a way to reduce unemployment.

[pieppiep]

bitcoin cannot reduce unemployment because basically to be able to have bitcoin you must be able to buy bitcoin or assemble mining tools to be able to get bitcoin so you have to have money to be able to have bitcoin while unemployment is a person who is not too much money looking for jobs that can give them money to be able to have bitcoin, and bitcoin is not a solution to reduce unemployment.

[akihikohideaki]

my opinion is reversed, bitcoin will not reduce the unemployment rate. In my opinion, the unemployment rate will affect the value of Bitcoin sales, because rising unemployment can lead to lower income, weaker consumer spending, and slowing economic activity so traders are reluctant to buy Bitcoin.

[BLAST2MARS]

Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?

I'm sure that there will be many jobs created in the industry of blockchain but it will also reduce the jobs that serves as a middlemen like remittances and other payment services. Crypto are already legalized in some countries while some are just undecided and some just banned it.

[SkustaClee]

Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?

The goal of the bitcoin is to improve the payment system and not to create a job. That is one of the problem that I found out because people think bitcoin is a job where they can earn profit.

[romero121]

Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?

The goal of the bitcoin is to improve the payment system and not to create a job. That is one of the problem that I found out because people think bitcoin is a job where they can earn profit.

That's true, bitcoin is developed as an alternate to the current system that we're using for transaction as well for payment purposes. As mentioned bitcoin is not gonna generate employment, maybe this could reduce the employment as it eliminate the intermediary services. As it is in its early stage it gives some earning access upon which people believe it an way to eliminate unemployment which isn't correct.

[hen cet]

For now it is very difficult to say that Bitcoin can reduce unemployment, because for example, for now the bounty campaign is no longer valuable like last 2017, so it is very difficult to find big profits at this time.

Massive use of bitcoin certainly absorbs labor that has the effect of reducing unemployment. But when the price of bitcoin decreases and people rarely make transactions, there will be a reduction in activities related to labor.

[reality18]

Of course has the potentials to lessen the rate of unemployment but this attribute goes to the entire crypto space. Crypto has vast avenues which offers job opportunities to the crypto community. Amongst these jobs include bounty managing, bounty hunting, project developing, mining etc.

[icecube45]

If in a rich country I believe this can reduce unemployment because of its human resources it is easier to understand bitcoin technology.  But for developing countries or maybe also underdeveloped countries I still doubt it. That's because the human resources don't have enough knowledge to understand this technology so it will be very difficult to be able to use it. So in my opinion bitcoin can really reduce unemployment but is limited. The increasing acceptance of bitcoin in some countries can enable crypto to be legalized and become legal work as well. In my country one of the government banks has collaborated with one of the crypto and this can be a good progress.

[Vinalians]

Yes, Many of the people today have no job or work to do they wanted to have a job but they are lacking in requirements that can lead not accept in any work that they were applying. Bitcoin is  there always when people learn about the cryptocurrency for sure many people would rather trade or invest than to do full-time job.

[South Park]

Do you believe that the adoption of bitcoin in every country can less the unemployment rate?

Any factor which facilitates business and employment, useful enterprise will mean the country is richer overall.   I got zero doubt Bitcoin has contributed to world GDP, more in some areas then others but its too late to say its not part of the world economy.

Some countries do not have reliable currency and Bitcoin can be a great factor there, its not the only choice but its convenient to some for its unique features and clearing

It is true that something like bitcoin will make the economy grow but I am not so sure that it will help the unemployment rate, just look at computers, thanks to computers and the internet the economy is many times more efficient and now we can make calculations that could have taken years in seconds but how many people have lost their jobs because a computer can make a better job with almost no cost? Millions if not more and bitcoin will probably do the same to people.

[SnapDown22]

yes of course in the future jobs with digital currencies or crypto currencies will be needed by everyone and will certainly become jobs and certainly will reduce unemployment

[Crypto24hrs]

Thank you for your careful choice of words "can less unemployment rate" absolutely yes bitcoin can and is already playing a big role in the reduction of global unemployment rate, a lot of bounty honters and bitcoin traders are no longer thinking of employment but bitcoin can not totally eradicate unemployment in isolation.

[Ronaldcoin2017]

For now I don't think that bitcoin can less the in employment rate, but in the near future maybe it can  less the rate because the work is now slowly accepting bitcoin and I believe that there will maybe a great development in crypto due to the continuous support from the bitcoin economy, I believe that bitcoin has a great future than any other coin in crypto and there will maybe a great opportunity soon.

[2chase]

If we take as an example Venezuela, or various African states - in which bitcoin is actively used, then at the moment I cannot say that the use of bitcoin has led to a significant reduction in poverty, although this may happen over time. But at the moment I cannot say that this somehow had a positive effect on the economy of these states.

[Finestream]

Yes, Many of the people today have no job or work to do they wanted to have a job but they are lacking in requirements that can lead not accept in any work that they were applying. Bitcoin is  there always when people learn about the cryptocurrency for sure many people would rather trade or invest than to do full-time job.

I agree.Bitcoin has open a wide opportunities for all the people,a bachelor's degree holder or not,physically fit or not,as long as you know how to trade or even participate in any bounty or signature campaigns,you will definitely gain a good income much bigger than those employed in a full time job.So with this,i can totally tell that once bitcoin will be legalized in all countries and will offer a variety of digital works,i'm sure poverty and unemployment rate will be reduced.

[ethereumhunter]

Maybe bitcoin can help their financial problem if they want to search for more opportunity related to cryptocurrency. I am sure that if they really want to solve their financial problem and they know about cryptocurrency, they will search for more ways to cover their problem. With the cryptocurrency, they have a new way to get more money because cryptocurrency offers the unlimited income if you want to work hard.