How adoption of crypto could strengthen OR destory your Country??!!

[Teminali69 1081]

Mostly we talk about how bitcoin could help many people and always blame the government for banning the use of it in some countries. However we have already seen how crypto can help a lot of people and strengthen financial lives of many, but I also believe that crypto has the power to destroy your country.

Try to put your attention to these points;

• Escaping of taxes; these would destroy the economy of a country, who would develop and repair your infrastructure of not the government with the money that you pay tax.
• National currency would stop been used and so it would lose  value, while for countries which forbids the use of crypto their currency would be growing.
• The streets needs people to work on, imagine everyone working inside their house just with their laptops.
• Doctors and engineers of later, quitting schools to work in cryptocurrencies.

Now tell me if you are real royal to your country what do you think about cryptocurrencies now?

[Froshk 1828]

5 hours ago, Teminali69 said:

Now tell me if you are real royal to your country what do you think about cryptocurrencies now?

Well firstly, Cryptocurrencies doesn't stop one from doing their jobs, infact it's a means of supporting your job, 

And economically if a country fuly adopts cryptocurrencies then the GDP will surely rise, because many will be involved in innovation and these will in turn create jobs 

[tienda 8776]

The cryptocurrency without the doubt will help many countries, but I think the majority of countries they are not able to adopt it because of the no traceable transaction. They are afraid if they adopt it will be used for others things and will destroy their economy, because when the people use it without control will be really a disaster for those non-developed countries where the system is poor.

[KHALED ADWANI 1216]

What you are saying is not correct.

Some taxes are high and governments are wasting that money.

Getting rich in society does not mean that everyone will quit their job and sit behind their computer to do trading.

Trading is not profitable all the time, as we will get new types of services that people will need when they sit in their homes

[zhoutong 2188]

You have given us a dystopian future in case cryptocurrencies are adopted. I don't think it is like that. Most people have a job and do not risk to trade cryptocurrencies. Even if they did then this would create bubble in the market and a burst of the bubble later so those that left their jobs will be asking again with lower payment.

[Teminali69 1081]

1 hour ago, Froshk said:

Well firstly, Cryptocurrencies doesn't stop one from doing their jobs, infact it's a means of supporting your job, 

And economically if a country fuly adopts cryptocurrencies then the GDP will surely rise, because many will be involved in innovation and these will in turn create jobs 

I like your challenge, so let's argue this, you see if people starts to work inside their homes because of crypto, who would build houses who would cure us in hospitals, real jobs would have no people everyone would be working in crypto.

[mzk7736 1592]

You are right about that, but government can take taxes from crypto transactions as well. For that purpose exchanges should cooperate with government. 

Last one is serious concern as easy money can make professionals leave the field.

[Frodler 943]

2 hours ago, Froshk said:

Well firstly, Cryptocurrencies doesn't stop one from doing their jobs, infact it's a means of supporting your job, 

And economically if a country fuly adopts cryptocurrencies then the GDP will surely rise, because many will be involved in innovation and these will in turn create jobs 

These is  Fact, cryptocurrencies dosent affect one's business or private life at all, infact its is  way of actual gathering passive income. 

[Amiami 1362]

14 hours ago, Teminali69 said:

Doctors and engineers of later, quitting schools to work in cryptocurrencies

All good, but not even in 2080 doctors, engineers or scientists will cease to exist, there are areas that obviously can never be altered by cryptocurrencies, I know many professionals who practice their studies while investing in bitcoin mining or another cryptocurrency.

 

It will be the opposite, the technology on which the cryptocurrencies (Blockchains) are based will help different areas, which will generate more jobs, the cryptocurrency world can leave many profits but its environment is more hostile than that of a "common" income

[Khan 1414]

It depends on the Country because the crypto is out of reach from the poor people and only rich or tech guys can afford it, so the common people will suffer a great loss.

[Teminali69 1081]

5 hours ago, mhmd7 said:

If cryptocurrencies are used in countries within certain conditions, the country will become prosperous and progress, but if there are many people who are exploiting others and swindling them, then this will destroy the people and the state.

The government can set conditions but conditions which  would have no monitoring, so it is easy and even reasonable for the people to not follow those conditions.

[bogdanoff 3173]

I don't think that cryptocurrencies are about destroying anything. As we see they help the people in poor countries when hyper inflation is happening, but also allows some governments that are not very democratic to escape sanctions. No matter the sanctions were target to people and not governments as we have seen the results in North Korea and Venezuela and I am against putting some sanctions, only accept the weapons and armament that should not be given to some of them that are very aggressive.

[Gluttony 1775]

The only reason why people are approving the adoption of crypto currency is because they would be able to freely use it in their countries which are prohibiting the use of it. We know that we would be able to avoid the tax since it is free from any cuts from the government because of the decentralized system of crypto currency. However, upon buying items we should know that there is already a tax included to what we are trying to buy. In this case, we are still paying tax but only to the item that we bought but not directly to the government.

[cryptovlek 2597]

On 12/17/2020 at 12:22 PM, Teminali69 said:

Doctors and engineers of later, quitting schools to work in cryptocurrencies.

I have read stories of some quiting their jobs and buying Bitcoin at the top in 2017 and then were looking for a job with worse payment than before. Nobody will quit their job to work in cryptocurrencies unless there is a good wage given and most likely cryptocurrencies wouldn't ask for doctors or teachers and engineers but for developers.

[Ridam 7455]

There are both aspects of crypto curency, negative and positive. If crypto is used for escaping from national taxes, then such deeds may cause miserable condition to the economy. But regulations shoul be made in some extent and with recent announcement from FinCEN ,I think it will be no more issue after it gets implemented.

 

On 12/17/2020 at 4:07 PM, Teminali69 said:

• The streets needs people to work on, imagine everyone working inside their house just with their laptops.
• Doctors and engineers of later, quitting schools to work in cryptocurrencies.

And these points seems only hypothetical in my opinion, Why would everyone joins crypto currency field? Those who are interested in Blockchaina and technology will only join crypto as full time job.

There will be other people who works part time in job or don't care about it. So, I don't think there will be problem in other works.

[scofield64 943]

The adoption of cryptocurrencies will strengthen my country in some ways like reducing the rate of unemployment and its will serve as a job for people. Its will also destroy the country because its can be use as criminals activities like purchase of arms, and cryptocurrencies cannot be traced or controlled by government or individual. 

[annayks 2314]

If you think that people will stop working to trade crypto you have a point but this is not about everyone. There will always be people that want  to escape a bad job they hate and do something they prefer. But most people prefer stability as with crypto you can't have any stable income. You can make when prices rise a lot but when they drop it is not easy.

[Syedbesharat 5423]

This will be outcome of crypto adoption without some framework. This will destroy the country because if no one pays tax then how could government run operation and all of infrastructure will collapse. The occupations will decline and society will face massive shortage of new life blood for different fields like teaching, doctor, labour, workers for companies, the firms. So crypto need a god frame work with government approach where the tax ans services both adjusted for control of inflation in country. 

[Maaz sultan 265]

There are two faces of this statement first is brighter and other is dark that people use crypto for illegal activities so for this governments need to collect their wallet address data and track their transaction that where the amount send or receive .

[pablomarwan 3082]

Not everyone will work in this area. Although it may cause harm to the country's economy, there are options that they can take advantage of. Create a local cryptocurrency. This currency, they can charge a tax that does not exceed the limit that can pay the normal port. Also, the two countries will continue to work and will not stop. Also, industrial and commercial companies began to rely on cryptocurrencies. You don't pay taxes, of course. Cryptocurrencies will not cause harm to a country's economy, but rather will grow in small proportions.

[abohasnn9 2401]

My friend, from my personal point of view, I see that digital currencies are a help that is not destructive to countries, so if a certain country started buying Bitcoin, for example, this will pump a huge amount of dollars into its coffers, so it raises the central economy of countries, not the other way around. Thank you.

[Rozy 1918]

I honestly believe that crypto is going to improve the economy in my country, because there is no enough jobs for all the graduates and even if you find one it pays very little, so I think working with cryptocurrency provides a decent income and brings new money to the country.

[glory50 1259]

I think this would be good if its practical because as it is right now , its really not that good to really keep on trying to get what the function of crypto currency is , right now we have to work as hard and put together that power to it, we all need to grow and put together the idea in so many ways you have to really define that power behind it and grow with it , its important. Well if it can destroy we just have to try and see what happens.

[Raqeebzy 6456]

On 12/17/2020 at 11:22 AM, Teminali69 said:

Doctors and engineers of later, quitting schools to work in cryptocurrencies.

This actually funny and definitely not it. In fact, it is totally the other way round. 

Cryptocurrency adoption won't make Doctors leaves hospital or Teachers boycotting classes. Investing in cryptocurrency doesn't mean to avoid daily lifestyle routine. 

More engagement in cryptocurrency directly means more empowerment and less unemployment rate in different countries/regions. More stronghold for the economy too.

[Sykkuno 2887]

You have given some negatives that are possible to happen like the tax evasion and the rest are very unlikely and arguments out of reality, as you really think that everyone will abandon their jobs that are probably what helps feed their families and risk it all to gamble with crypto. Why they haven't done that already then?