Re: Can bitcoin improve the economy of a country?

Quote from: de_crypt on October 09, 2017, 05:53:46 PM

Quote from: Investorro1 on October 09, 2017, 05:43:55 PM

Some states are accepting bitcoin even in exchange for their citizenship.
http://uk.businessinsider.com/vanuatu-accepts-bitcoin-for-citizenship-payment-2017-10

Anyway, generally, everything that can increase country's payment balance (lessen the debt) or GDP improves the economy.
Bitcoin itself can really help countries with underdeveloped financial sphere no reliable banking sector, volatile national currency, etc. Also, it can become a new globalization way for countries under sanctions like Cuba or Iran.

Venezuela is going to be first to try solving economic problems with bitcoin
https://fee.org/articles/the-first-bitcoinization-of-a-sovereign-state-is-happening-now/

I think that is a prediction that is too positive bitcoin is still not ready to deal with millions of people like that, I think that what it is going to happen is something similar to what happened in Argentina, bitcoin is not going to become dominant but it is going to become widespread and almost every person in that country will know what is bitcoin and will recognize its features as important and will keep some in case of an emergency.