Quote from: Pursuer on January 31, 2018, 08:37:43 AM

Quote from: airdagon on January 31, 2018, 07:53:53 AM

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

I disagree. bitcoin is a currency, you can think of it as a tool too. and it is not a magic tool to make money for anyone who has ever gotten involved with it. so it can not decrease poverty, it can not improve economy of a country and can not do a lot of other things.

in fact bitcoin may have increase the poverty! there have been a lot of newbies who started investing in bitcoin in the past couple of months and many of them bought on highs and sold after a dip which led to losing a lot of money, then bitcoin went up they bought back too late and panic sold in the correction/dip and lost a lot more money.

this has nothing to do with banning or not banning bitcoin though!

Yes. Bitcoin is just one more medium of exchange. It has no magic solution for people or countries to make everything running fine again. The complexity of our current financial system makes it so that there will never be a specific solution for everything. When one thing gets better, another drops.

If governments were to start using bitcoin, they'd probably try to borrow heavily on it like everything else they do. It's not about the tool, it's about the user. That's why, like airdagon said, bitcoin may have actually contributed to making people poorer. If a powerful tool is mishandled, it gets turned against you.