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Author Topic: Bitcoin can less the unemployment rate?  (Read 14507 times)
emulsifryer
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January 23, 2019, 10:27:34 AM
 #21

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?
How it can reduce unemployment,Crypto is a currency not a job,so you need to be doing some work to earn that o one is going to give your free money.
It's just a theory which there is a chance or possibility that bitcoin can resolve the unemployment of every countries. Maybe from time to time crypto will be known in more places and become more innovative.

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January 23, 2019, 11:17:16 AM
 #22

You cann't exactly answer this question. Everything is possible. I think that now Bitcoin will not be able to do this, because many countries still do not trust cryptocurrency. In addition, the Bitcoin itself has not yet stabilized. Anything can happen. The price can both jump and fall at times.
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January 23, 2019, 11:25:22 AM
 #23

The concept is wrong. Bitcoin doesnt decrease the unemployment rate because bitcoin is not a company that hires employees. Thus, bitcoin reduces people who has a financial problem. Give them enough fund for everything and make them debt free even they are not employed. Government should see it as an advantage and see that even the unemployment rate is high, the debt rate of people will become low because of crypto.

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January 23, 2019, 11:30:08 AM
 #24

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?

Hey the answer is no Bitcoin cannot solve the problem of unemployment, as unemployment is an decade old problem which deeply rooted in our system. I feel at max it’ll create few jobs if people are looking for blockchain experts, and people to work under them but even then the numbers of job created will be very less. I feel crypto may be legalised, but it’s a currency not a job I feel you’re mistaken about it’s features.

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January 23, 2019, 11:41:15 AM
 #25

bitcoin can be a job for someone even though in his country bitcoin has not been applied as a payment method.
because it uses bitcoin to generate profits we can do through investment, trading or being a bounty hunter. I am sure this work can overcome unemployment.

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January 23, 2019, 11:55:58 AM
 #26

The concept is wrong. Bitcoin doesnt decrease the unemployment rate because bitcoin is not a company that hires employees. Thus, bitcoin reduces people who has a financial problem. Give them enough fund for everything and make them debt free even they are not employed. Government should see it as an advantage and see that even the unemployment rate is high, the debt rate of people will become low because of crypto.
I agree with your opinion that bitcoin is not like a company which hires an employees to do works, but the advantages of bitcoin is it can also provides most of our needs as what you have said like our financial problems. Earning in crypto is not actually stable but most of other users says  it can also be a job.

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January 23, 2019, 12:42:08 PM
 #27

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?

Cryptocurrencies and Bitcoin can solve many unemployment problems in countries around the world. My point is that this ecosystem offers jobs to any citizen of the planet as we work remotely. There is an equal distribution of employment around the globe and this can only happen due to cryptocurrencies and blockchain technology. There will be a massive revolution of the workplaces and the techniques that people may be able to work in the future.

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January 23, 2019, 02:07:32 PM
 #28

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?
How it can reduce unemployment,Crypto is a currency not a job,so you need to be doing some work to earn that o one is going to give your free money.
It's just a theory which there is a chance or possibility that bitcoin can resolve the unemployment of every countries. Maybe from time to time crypto will be known in more places and become more innovative.
That's right because if you add years, bitcoin will also increase people who know and use bitcoin as a job or place of investment, because the results of bitcoin are very promising benefits.
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January 23, 2019, 02:17:39 PM
 #29

Bitcoin can provide benefits, and from the benefits it can meet the needs, but bitcoin is not a job and you also cannot ensure the results you will get every month, so don't depend too much on bitcoin.

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January 23, 2019, 03:32:38 PM
 #30

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?
We have different thoughts about this and for me it is , bitcoin can help people when it comes to financial problem. Well some countries finally accept and adapt bitcoin because it can help their economy , it can give positive impacts and benefits to that countries. Some people consider bitcoin as a extra job because they can earn extra income with it , its not easy tho since the risk is always there. Bitcoin has a lot of advantages to give unlike other investment that's why people choose it to earn money to sustain their families.

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January 23, 2019, 03:36:54 PM
 #31

What legal job are you talking about? Mining? Crypto is a digital currency.
I assume that's what he meant to say. Bitcoin mining, bitcoin trading and other related jobs to bitcoin. I believe having a decent amount of bitcoin can save an individual from unemployment for a very long time only if that person invested to bitcoin at a very early time.

Bitcoin's a very good invention thanks to satoshi as it generated more jobs related to it and blockchain technology. Bitcoin alone can't save unemployment but the businesses and industries that will adopt it.

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January 23, 2019, 03:42:47 PM
 #32

can but little. for anyone who wants to start entering bitcoin, be it investment, trading or bitcointalk, unemployment can indeed be reduced. because these three things can generate income, a small example is myself who can now get income from bitcoin.
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January 23, 2019, 04:00:29 PM
 #33

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?
To a point, I mean yeah there will be companies that hire people for cryptocurrency reasons but thats not big enough to change anything. Think of it like startups and so forth, there will be a crypto space growing in every country and there will be some people that get hired there and people will be employed there which means at to a point the bitcoin world does help the unemployment rate however it is not a huge number, it is not even changing any country at 0.1% or so, which means it is so insignificant that it might as well not exist.

However, in the future of course just like car industry, oil industry, cafes and whatever there will be more and more crypto companies which could potentially change something but I doubt it will be anytime soon at all.
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January 23, 2019, 04:01:32 PM
 #34

I don't want to get into trouble, so I won't be specific.

I'm working on an product to lessen to give opportunity to people. This will have the effect of lessening unemployment on a global scale.

I don't believe Bitcoin can reduce the unemployment rate inherently. With an additional framework, you can change the incentive and push people towards work. Bitcoin doesn't have the feature to connect employers with workers. A website like Fiverr with Bitcoin would help reduce unemployment, I believe.

can but little. for anyone who wants to start entering bitcoin, be it investment, trading or bitcointalk, unemployment can indeed be reduced. because these three things can generate income, a small example is myself who can now get income from bitcoin.

I agree. Bitcoin is just a way of processing payments. It is not going to create jobs on its own.
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January 23, 2019, 04:12:20 PM
 #35

I know few of them who has started business related to crypto and helping the economy as well as they have started employing people around in order to run the business . Also many unemployed are looking at opportunities to invest in this market and make money for their living .

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January 23, 2019, 04:13:55 PM
 #36

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 legalization of bitcoin could lessen the unemployment rate but still this could only be for those who have knowledge in computer and in cryptocurrency. Such kind of opportunity is not for masses but only for selected profession. With this case the rate of unemployment could never change the number.

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January 23, 2019, 04:14:02 PM
 #37

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?
Cryptocurrencies open a wide range of new jobs, related to this industry. People can take part in bounties and signature campaigns, write articles and get involved in programming... This is a global sector with adequate salaries that can be really helpful for people from poor countries. It also stimulates them to explore new ideas, talk to people around the world, improve their knowledge etc. I think that eventually all states will come up with some ways of regulating this new type of money and how people earn it. Perhaps, many unemployed people will indeed find their job in this field.

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January 23, 2019, 04:16:49 PM
 #38

Doubtful relationship between bitcoin and unemployment. If you are about the fact that the unemployed will start to mine, then hardly. After all, making a farm is very expensive and not easy.  Roll Eyes
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January 23, 2019, 05:06:49 PM
 #39

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 definitely agree with the statement that unemployment will be reduced by the usage of Bitcoin and the cryptocurrency investment because a lots of people will be unemployed by the many reasons in their life but the coming up of Bitcoin will reduce lots of people needs and satisfy their basic needs also.

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January 23, 2019, 05:46:25 PM
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If you mean mining in the quality of work, then yes, to some extent, Bitcoin will be able to reduce world unemployment. But it will be a tiny fraction of a percent. Think about how many people are mining in the world and it brings them enough income to not work? I do not think that Bitcoin can somehow significantly change the situation in the field of employment. Most likely, humanity will face the problem of increasing unemployment due to the fact that robots will be more and more actively entering the real economy. And it really worries.

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