Post
Topic
Board Economics
Re: Bitcoin plays a vital role in the economy
by
Evetemot
on 24/10/2018, 12:42:19 UTC
It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes with transaction on bitcoin.
The important role of bitcoin is to increase efficiency in financial transactions, because the system used is blockchain to reduce the problems that have occurred. Then eliminate opportunities for corruption because the way it works is decentralized, data is spread across multiple servers. Bitcoin also triggers the growth of internet users, because without internet bitcoin transactions will not be able to.

I am agree with your opinion. We can transfer our asset using bitcoin and its really fast with lower fee. It will our economic more eficients and i am believe in the future, bitcoin will playing important role in our economy system
Due to bitcoin earnings people transfer their money to their local banks and when commercial banks of a country have big money, they will do better performance for their economy. It is all because of cryptocurrency earnings. I can say that bitcoin can change a person’s life with huge profits and gradually the economy of a country will grow more when people have more money for expenditures.