Quote from: Burogh on October 15, 2018, 01:31:37 AM

Quote from: Stedsm on October 03, 2018, 04:46:10 PM

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

If bitcoin system implemented on monetary system, i am believe government can control the inflation. With controlled inflation, peoples asset not decrease on the value and it will increasing wealth

It will but not in this time because in many countries bitcoin is still not welcomed and it will take more time for such countries to accept and legalize bitcoin as their regular currency. When a country legalizes bitcoin the people will freely invest and trade in bitcoin and government will impose tax on bitcoin transactions. By this way the government can improve its revenue.