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shield132
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February 06, 2020, 09:38:18 AM
 #21

Idk why op deleted thread's title, it's a good subject for huge bitcoin enthusiasts to make them believe that bitcoin isn't that lifechanger as they think.
At first cryptocurrency trading isn't that much profitable and stable, when you have a family you need more stable income. And in trading when you profit, someone loses.
So you have 100$, I have 100$, if today I own 160$, you own 40$ and who knows, maybe in future I may make mistake and you - right action and I'll have 80$, you - 120$ or maybe both of us lose and someone will have additional 200$.
What boots country's economy is foreign trading and it was like that all the time. To make it more clear: Imagine I produce potato but it's expensive for me because soil isn't that good, nitric fertilizers aren't that cheap and etc. And finally 10lbs potato produced by me worth 6$ while I can import it for 4$ from Turkey for example. Why the hell do I have to still continue this job? But now imagine, to produce smartphone in USA worth a lot while china is ready to make this for you for some bucks. Why to still produce in my country while another countries give me so great opportunity?
Now also imagine electricity is cheap in my country and I have a lot of natural resources, why not to sell it on others? If electricity worth 3 cent for me and for my neighbor country it worths 10 cent, why won't they buy it from me?
This is what boosts economy, do what you can for yourself and others and let others do things what they can at their best for themselves and for you.

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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March 10, 2020, 11:59:02 AM
 #22

So increasing the men power won't make any economy stronger but being an exporting economy will do that for you.

Yes, a nice point. This is one strong factor that can make a country stronger and not bitcoin or bitcoin trading because it does not get to the government directly. Even if some part is taken as tax, it still a very small part that can't really do much plus tax evasion.

Except government investment directly to the economy and get a foreign exchange, the economy might not really see expected growth.

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