Quote from: mriansa on December 05, 2017, 06:54:49 AM

Quote from: litma21 on November 16, 2017, 12:45:08 PM

what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?

the impact of cryptocurrency is possible in terms of finances and the surrounding community, a lot of cryptocurrency players like bitcoin who were originally just ordinary people and can not afford now can become rich. so the big impact is their finances.

Lots of people earlier who does not even have much to save up offline to buy crypto, worked for it and imagine someone who has been doing that since let's say 2013 when things are slightly starting to boom then, would pretty much have been able to save a lot right now and be doing very well.

The impact is great and in personal lives, it can really help them to achieve pretty fast. In the economy of a nation at large, it totally depends on the population of those who embrace crypto, because if virtually all the populations are doing well, things will be going well economically.