Post
Topic
Board Economics
Re: bitcoin in developing countries
by
Smack 1
on 06/06/2018, 14:26:20 UTC
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Well, it might somehow since bitcoin is money it would have indirectly affect the financial stuffs of the countries especially the bank companies or what so ever. On the other hand, bitcoin could lessen the amount of poor people in the country since bitcoin could provide a home employment therefore, it could provide own wages since bitcoin is for everyone thus it might end up for the result of decreasing the amount of poor people in the country.
It will be hard for bitcoin to lessen the poor people in a country because if the poor people can't afford an internet and at least a decent computer then it will be impossible for them to work or get into the cryptocurrency world that might become the answer for them to create a path for them to improve their life. So i think that it is still depend on the capability of the people in a country if they can go into bitcoin.
it is very difficult for the poor to understand bitcoin because they need internet and computers. but if the government of the country legalizes bitcoin and makes bitcoin work. this will greatly help the poor to get jobs and create new vacancies for the poor and unemployed in the country.