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!
Trading is not only determines the status of an economy. Take also in consideration freelancing jobs and e-commerce businesses that bitcoin could help. It gives more opportunities to poor people to do online jobs, online marketing with less fees etc.