Post
Topic
Board Economics
Re: Will crypto solve socioeconomic problems?
by
PG13
on 25/11/2018, 13:01:48 UTC
Socio-economic problems accumulated over the years, so they cannot be solved overnight. We'll have to work a lot on this.
Bitcoin clearly has a social impact on society, especially how to think and act in the world of trade. Using bitcoin removes boundaries between regions and countries and transactions can occur instantly in seconds and directly because peer to peer technology eliminates the third party role.
That's the real purpose why bitcoin was created. The problem if this will be implemented is how to manage the volatility of bitcoin as those merchants will not accept bitcoin as payments due to unstable price. I think to solve socio economic problems should be tackle with a long term plan and this should be initiated with the governments. Crypto is only a tool.