Can Bitcoin Help with Economic Problems?

[Afrizal rahman 2636]

Digital technology helps change one's life and the presence of Bitcoin has shown a new era in this advanced technology world.  Today many people are familiar with Bitcoin, although only a few countries accept it.  We need to know that Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto.  The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.  Is the presence of Bitcoin can help people who are below the poverty line, because many people say that Bitcoin is a way to make money easily and tax free for its users.

[PiroSense 2681]

38 minutes ago, Afrizal rahman said:

tax free for its users.

Tax free isn't good. Bitcoin isn't a holy savior of an ailing economy. Its problems with scalability and slow transaction validation times are not gonna help boost the economy.

 

And removing tax is just crippling the government. Taxes are there for a reason. It's to fund the government's programs for the people, and assure that there are law enforcement maintaining peace and order. Go completely tax-free, and you'll just demolish your own government, leading to chaos and people not following any rules and laws.

 

Tax may feel like a burden, but it's there for government to run smoothly and do its job.

Edited January 3, 2020 by PiroSense

[Afrizal rahman 2636]

3 minutes ago, PiroSense said:

Tax free isn't good. Bitcoin isn't a holy savior of an ailing economy. Its problems with scalability and slow transaction validation times are not gonna help boost the economy.

 

And removing tax is just crippling the government. Taxes are there for a reason. It's to fund the government's programs for the people, and assure that there are law enforcement maintaining peace and order. Go completely tax-free, and you'll just demolish your own government, leading to chaos and people not following any rules and laws.

 

Tax may feel like a burden, but it's there for government to run smoothly and do its job.

Yes, with taxes, it seems the government will be helped, such as road management and other infrastructure. Yes the government uses taxes to advance their country. Yes, I think tax exemption is not good. Thank you for sharing information with me.

[awaiskhan 175]

We know that economic problems of any econmy can be resolve by mutual understanding and policies. So likewise if any economy do good and economic freindly policies concern to bitcoin and other altcoin then problems can be resolved and crypto world can play good role in it

[bliznec 22268]

5 minutes ago, wilbertson said:

Bitcoin can help with economic problem in individual level, for national level it is a disaster.

Bitcoin can help overcome an economic problem. Bitcoin today already helps many investors and traders to get out of this position. This is freedom. 

[Tine0313 3053]

Well for me cryptocurrency can help the economic status of one country but it cannot be the one who only support it or the country cannot be dependent on the cryptocurrency because we all know how volatile the crypto market is. If they see some changes in crypto, and the economy of a country is dependent on it, maybe they think that their economy too is in not good condition.

[Muhammad atif iqbal 569]

Butcoin is a decentralized currency in my opinion it will help the economy because many unemployed people start trading and investing in bitcoin and generate good income and they fulfill their expenses in the future bitcoin technology improved more and it's create more positive impact on economy

 

[CryptoMaxim 3829]

I think if bitcoin and cryptocurrencies are officially accepted in any state it will have a positive impact on the economy

[Agios 1763]

3 hours ago, Afrizal rahman said:

Digital technology helps change one's life and the presence of Bitcoin has shown a new era in this advanced technology world.  Today many people are familiar with Bitcoin, although only a few countries accept it.  We need to know that Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto.  The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.  Is the presence of Bitcoin can help people who are below the poverty line, because many people say that Bitcoin is a way to make money easily and tax free for its users.

For individuals, Bitcoin can help with economic problems, Bitcoin can create new income for the unemployed and also as additional income. But on a national scale (country) has not been able to help the global economy because there are still many government restrictions on using Bitcoin as a medium of exchange.

[Interface User 1070]

Yes, in some ways the eliminating of middleman in banks make the people more engaged in receiving income because many people doesn't have bank accounts or credit card. But the downfall of it is maybe some people is lack of knowledge in technology.

[SuperCrypto 7193]

Bitcoin is easy to use, it provides fast transactions with lower costs compared to credit cards, as well as other benefits. The "Bitcoin accepted here" announcement simply brings media attention. Bitcoin users will also seek to support any Bitcoin related business.
But how can a family restaurant or a small online retailer actually start processing payments with bitcoin and get a good chance on this lucrative project

[Roomi 1119]

4 hours ago, Afrizal rahman said:

Digital technology helps change one's life and the presence of Bitcoin has shown a new era in this advanced technology world.  Today many people are familiar with Bitcoin, although only a few countries accept it.  We need to know that Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto.  The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.  Is the presence of Bitcoin can help people who are below the poverty line, because many people say that Bitcoin is a way to make money easily and tax free for its users.

I am agreed with that statement that bitcoin is helping to eliminate poverty but also its being used in dar web for criminal activities. Which should be controlled. 

[bliznec 22268]

55 minutes ago, wilbertson said:

Yes that is what i was saying that in individual level it is a gold but for national level it is a stone.

Perhaps you are right, but there is a strong exaggeration of the fact that at the national level it is a stone. Most likely the way it is.

[Deevena 2]

1f7s65x2e - Thanks to Yobit exchange and CryptoTalk forum for the opportunity to earn money for each message!

[mskhatri24 299]

I think that bitcoin is not gonna help with economic problem because it is out of reach of poor people as still they don't have internet access and devices required for earning and storing btc. Bitcoin production will also stop after some years and limited currency mean those who hold that are become more rich and those who don't have became more poor. It may become a reason for economic crisis.

[bliznec 22268]

17 minutes ago, wilbertson said:

By stone i mean only hits you, by gold i mean only enrich you, the government expect taxes from the people to run a nation, without them there will be no developement.

Payment of taxes is a legal action of the government. And if you do not pay taxes, then you can go to jail. 

[Satya31 865]

In my opinion the crypto should be considered as a property. Otherwise it will definitely effect the economy of the countries. Because the people when come to know about it they definitely make investment here to get rid of tax. So it is necessary to regulate the taxes under the cryptocurrency. 

[pakjobhelp 1585]

Crypto Currency Solve The Economics Problem:-

The crypto currency world change the economics and change the definition of inflation about currency. The crypto currency proficient and more secure in the case of paper currency. The crypto currency reduce the paper resources and and generate in soft form.

[pulokdeb 61]

I think Bitcoin can help us a lot in solving economic problems because the current market value of bit coins is very high.

[Dolpharius 675]

owning bitcoin is the ability of a simple person to manage their money as if they had their own bank, you can earn money, you can send it to anyone anywhere in the world, you can sell and buy what you want, and you can’t touch it!

[johant123 1559]

3 minutes ago, Zakir Ali said:

I think that if a country holds many bitcoins then it is economically strong. So, the crypto currency also helpful in the economy. And also gives benefits to the government of the country

Good thought, but crypto currencies may have too much risk nowadays for governments to invest in. They may be helped with more stable currencies? What you want in a government is predictability, because they must budget far in advance.

[iloveyobit 6599]

Yes, of course, Bitcoin and Blockchain will help and contribute to the development of the world in the future if it has been dealt with a lot, many currencies already have real projects on the ground , this is my opinion . 

[Oxygen 1004]

13 hours ago, Afrizal rahman said:

Digital technology helps change one's life and the presence of Bitcoin has shown a new era in this advanced technology world.  Today many people are familiar with Bitcoin, although only a few countries accept it.  We need to know that Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto.  The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.  Is the presence of Bitcoin can help people who are below the poverty line, because many people say that Bitcoin is a way to make money easily and tax free for its users.

Actually blockchain technology is a unique technology with great features, if this technology was created by a super power country than it would have more worth than it have now. I hope one day it will worth more precious than today

[tienda 8776]

I think yes of course and it is already Bitcoin helped with economy some people who before there are nothing on this world but today there are rich and they are investing on their country making more pot of job, so I think yes Bitcoin is the benediction.

[Soaib khan 1035]

maybe bitcoin help economic problem because bitcoin international transaction taxs very low and crypto currencies good source off income