Quote from: semobo on June 28, 2019, 07:41:39 PM

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?

Bitcoin will not support any country's economic development because it is also one of the economic changes so if a country accept it then their country's economic situation will be totally down so that it will be totally opposite for the development in any kind of situation and I think if any country accept it they need to do the regulation properly by accepting it.

of course this is related to cryptocurrency regulations for all countries, if all countries can formalize bitcoin and can legalize bitcoin for various transactions and can be used like a local currency, there is a possibility that it can help stabilize the economy of each country. but on the other hand, the role of local currency must always be a top priority because as we know bitcoin is a type of digital currency that does not have a fairly stable price