Post
Topic
Board Economics
Re: Bitcoin has no practical use and could be damaging to the economy!
by
annango
on 24/05/2019, 08:31:36 UTC
Bitcoin with its direct usage has eliminated the intermediaries who commission big out from each and every transaction. This has made a big loss to the banking and other service renders. Upon this people used to term it damaging to the economy, but it directly benefits the user in terms of economic growth. This way I believe it has got practical use same as fiat, but it hasn't reached upto the level.
Kind of agree with you guy. To say frankly, it's quite unreasonable for one to consider bitcoin nonpractical use. Maybe he knows nothing about bitcoin and then judge bitcoin like some bad rumour. Obviously, we can realize clearly how benefits that bitcoin can bring to our life, even it's extremely clear. For example, it gives all of us equal chance in order that we can get income from it. With some people, who take advantages of this crypto market and earn a livelihood with trading or investing bitcoin. These days, bitcoin is gaining more popularity in terms of payment in many stores, businesses.. Just some of these things above is enough to prove bitcoin bring a world of practical uses.