Post
Topic
Board Economics
Re: HOW BITCOIN BENEFITS THE ECONOMY?
by
Dart18
on 03/08/2018, 18:57:09 UTC
The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative.

It is too private. Some countries do not want their government employee to use this as a means for money laundering which will be hard to trace. They should always be transparent. If bitcoin is known to them it will be a problem and they could rob money easily hiding its traces.


Quote
Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Convince your government? You might want to create something where they will sign it for agreement. Your countrymen will be the one helping you with this because the benefits will be most likely to yours.
Please not a rebellion.  Grin

Benefit will be privacy for users and also fast and secured transactions which is mostly needed now. This new world sucks, everything is live now to the public. Cameras and hackers everywhere. Bitcoin can keep us safe.