Quote from: Ranly123 on August 18, 2018, 04:51:29 AM

Quote from: DeimunHailstrom on August 16, 2018, 11:42:44 PM

Although bitcoin is not that an "official" currency yet, one can say that a country having most of its citizen engaged with a trending, highly-anticipated financial support that should help the country's economic and trading aspect to boom and improve.

We say this, thought of this, but in reality it is hard to imagine how can bitcoins fuel and power up a country and its economical stabilization with almost all of its citizen engaged with it? First of all, it is not an official currency which will give problems regarding to the trading and cycle of currency within a country. And lastly, the management and utilization of it is also a problem.

So, how can we say that the bitcoins are a support to a country and its economy? Is it even possible? How will that happen?

Bitcoin can be a support in the country's economy only when people will indulge in this trend. Bitcoin alone will be useless if there is no one know about it and none will invest on it.

Bitcoin can help in a growing economy especially on industrializing countries like asia. Many unemployed are now working online and cryptocurrencies add to this opportunity. Furthermore bitcoin add also the convenience of transaction online sending and receiving compensation and others. With this job online, it really helps the local economy.