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Author Topic: Bitcoin can less the unemployment rate?  (Read 16352 times)
jointherevolution
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January 24, 2019, 12:17:18 PM
 #61

Bitcoin is not a job, Bitcoin mining might be a job and also other related jobs to crypto like working at an exchange website. All these jobs can lessen unemployment for sure but to do this in a total of a country there needs to be an effort from the top, the government, to help introduce crypto to the public.

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January 24, 2019, 12:20:23 PM
 #62

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 don't really think that you are able to say that bitcoin has a direct impact on creating more demand for jobs. I just don't see a link there at all.

But the use of bitcoin certainly does enable laborers from countries in less developed countries to employers in first world countries, as it cuts out the middleman in the payment processing side of things which takes a very sizeable sum in fees, and delays the entire process time-wise. Not to mention all the forex spreads that are involved.

That would mean more efficient payments for these employees, and potentially more opportunities as well because of the acceptance of bitcoin over a vast amount of fields, including freelancing platforms, microjobs, etc.

Smiley
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January 24, 2019, 12:38:20 PM
 #63

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 do not think so. More workplaces will be reduced if digital money is going to be main money. Indeed, such a revolution is coming, people do not need to work. E.g. I recently saw that Yandex taxi released driverless car which means no longer need drivers.
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January 24, 2019, 08:28:03 PM
 #64

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?

Whats gour thinking behind this? Jobs just dont appear for everyone,
you have to know what you are doing and crypto is very technical.

I cannot see bitcoin reducing unemployment, people need to learn
cryptography, programming, business, economics, management
and other skills and there wont be unlimited job vacancies.

R


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chaoscoinz
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January 24, 2019, 10:12:18 PM
 #65

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?

This question is too broad, I'm not sure I understand it well enough. I think a job is a job, but I think crypto would make an excellent supplemental payment option. You can most certainly allocate a few dollars out of your paycheck to recieve crypto instead of fiat. There are already many services that do this, Bitpay and Bitwage both come to mind.
   I think crypto is already legal to a certain extent, at least within the U.S. Bitcoin is seen as a property, at least around tax time. To be honest, this is most likely why the markets are down, because you can't be 100% sure what crypto is seen as legally. For example, the SEC see's some crypto as securities, not property. You see the dilemma here? There are way too many gray areas to be exact.

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January 24, 2019, 10:21:35 PM
 #66

The adoption of bitcoin is as important as the application to the practical world. How do we engage bitcoin in health, agriculture etc and other job that may not demand internet environment or higher level of skilled service. The adoption of blockchain by existing companies should provide a better platform for application, this is the new dimension to increase fund that goes into crypto this year.
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January 25, 2019, 04:35:23 AM
 #67

Theoretically, Bitcoin can open borders and connect employers and workers that couldn't work together because of the limitations of traditional payment systems, i.e. PayPal is not working in all countries. However, currently no big platform wants to integrate Bitcoin, and some have even abandoned it, like in the case of Fiverr. So, at this point Bitcoin's effect on things like unemployment remains barely noticeable on a large scale, despite Bitcoin being 10 years old already.

You bring up a good point about borderless and censorship resistant payments for international/online contractors. I remember hearing someone from Nigeria praising Bitcoin for that. After years of lacking access to online work (because Paypal blocked Nigerians), he could finally receive payments.

Just like consumer/merchant adoption, it's a small niche though. It's mostly irrelevant until mass adoption occurs. If Bitcoin usage were pervasive though, it would be more apparent, and it might even encourage people to cut out middlemen like Fiverr entirely.

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January 25, 2019, 05:28:47 AM
 #68

Bitcoin is not a job, Bitcoin mining might be a job and also other related jobs to crypto like working at an exchange website. All these jobs can lessen unemployment for sure but to do this in a total of a country there needs to be an effort from the top, the government, to help introduce crypto to the public.

Yep bitcoin is a currency and not a job . employer only use it as payment and thre main reason why it is commonly mistaken as job its because its easy apply and get paid on  this kind of industry . everyone can find a caree with or wihout proper knowledge on how crypto work  .

Quote
All these jobs can lessen unemployment for sure but to do this in a total of a country there needs to be an effort from the top, the government, to help introduce crypto to the public.

Government does not neede to promote or introduce crypto to its fellow country mean but instead he can just give a job in a straight forward manner . this is the only way to lessen the unemployment rate   .  the problem is that government is not really concern because they only care about them selves.
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January 25, 2019, 06:28:00 AM
 #69

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?
bitcoin is indeed not a job but if the developers can manage it well, of course, it can be used as employment as an example of a bounty. if the bounty program can be managed and better managed, of course, this can make good job vacancies and with applicable terms and conditions and with a note that the bounty manager gives the reward they promised.
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January 25, 2019, 06:55:10 AM
 #70

I agree partially with the assertion that bitcoin would decrease unemployment rate is bitcoin is adopted as a payment medium.
The thing is that, I am sure that many would venture into trading and other things to make money .
However ,the percentage would not be much.
So bitcoin adoption can only decrease unemployment rate slightly.
in my opinion yes because even people who don't work can make money from bitcoin but that person must be diligent in being active in bitcoin in my opinion
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January 25, 2019, 08:00:26 AM
 #71

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?
Yes it can reduce unemployment rate but the effect is minimal. There are jobs created by bitcoin but not all of it are fit to the people in our society. Bitcoin created jobs but bitcoin is not a job so we should not depend on it on earning profits.
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January 25, 2019, 08:14:51 AM
 #72

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?
yes, because not having a job, bitcoin can save unemployed people in the world because they only have to hold a PC or their cellphone can get income
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January 25, 2019, 11:07:24 AM
 #73

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?
Bitcoin is not a company that can make or accept job vacancies, bitcoin is just a digital currency like money fiat is nothing more than that. So when a country accepts bitcoin does not mean that the country will advance in economic terms and I don't think there will be a significant change especially in economic terms when a country accepts bitcoin.

Yes, Bitcoin is not an organization but it is a whole new economic system which can bring new job opportunities to people all around the world. There are many specifications about this system. Imagine the "mining" industry that is evolving right now, wasn't in our sights before. And mining companies like BITMAIN pay taxes and create wealth to the society, so there will be advances in economic terms.
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January 25, 2019, 11:20:17 AM
 #74

the unemployment rate will only decrease if there are jobs, while this bitcoin will not be a place to work, bitcoin will only become a payment and transaction holder, so that bitcoin will not be able to reduce the number of unemployed.
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January 25, 2019, 11:23:21 AM
 #75

That is indeed the case, with the existence of Bitcoin there are so many unemployed who try to understand bitcoin and try to benefit from it such as being a trader, miner, investor and others. But behind that we still need initial capital and knowledge.
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January 25, 2019, 05:27:45 PM
 #76

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?
Bitcoin is just a currency, so your occupation cannot be bitcoin by itself, but you can do whatever you are doing now to earn money and accept bitcoin, but about your question of whether or not bitcoin will reduce the unemployment rate, it seems to me that we're going to see the opposite, the blockchain is going to replace many jobs and many of those people in those industries will find themselves been replaced by this new technology which is a process that has been happening around the world for a very long time.

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January 25, 2019, 08:50:44 PM
 #77

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 do not think so. More workplaces will be reduced if digital money is going to be main money. Indeed, such a revolution is coming, people do not need to work. E.g. I recently saw that Yandex taxi released driverless car which means no longer need drivers.
There are already di many sources to make money for people but we are in search of best and fast earning. In this era people cares about future along with present as any times rainy day can come so according to me it’s the only way which can reduce unemployment in our nation it’s way of awareness so that’s why I am making good income more than my real job with help of bitcoin multi earning system.
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January 25, 2019, 10:52:08 PM
 #78

yea , i think if bitcoin was legalized on most country it will make less on unemplyment rate ,bitcoin giving chance to get money with trading , bounty etc
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January 25, 2019, 11:50:03 PM
 #79

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 think the adoption of crypto and bitcoin will be limited, because people want a cashless society where in this case there are jobs that also don't need human labor to do it and at the same time we want jobs that are connected with crypto? i think this will be impossible to be happen

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January 26, 2019, 04:10:58 AM
 #80

Bitcoin is not a job, Bitcoin mining might be a job and also other related jobs to crypto like working at an exchange website. All these jobs can lessen unemployment for sure but to do this in a total of a country there needs to be an effort from the top, the government, to help introduce crypto to the public.
Bitcoin is not a job which you can depend on. These may lessen unemployment rate but still we need real job which can give fix earnings. It is just an extra income which can give good profit when the price rise up. This is legalized in some country and use for payment method but not used to be a salary for employment as it is very volatile.

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