Quote from: Underlord on September 05, 2018, 11:50:58 PM

Quote from: Impulseboy on August 08, 2018, 11:43:41 AM

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

I am sure the cryptocurrency will continue to grow and many countries will be encouraged to create their own digital currency. In this age of digital need a new technology is needed to overcome economic problems. This technology requires a regulation so that it can be accepted by the government and the community, so that no party feels disadvantaged.

There is no doubt that cryptocurrency will be able to assist in some certain problems when it comes to socio economics, but the way a lot of people are putting it, crypto is not a magic wand that you just put out there to completely solve socio economic problems as government of each country will still have a lot of part to play in that aspect of socio economic problem.

The blockchain technology itself is a great one, but it depends on how the government is going to be utilizing it either for the benefit of the country or just for themselves.