Post
Topic
Board Economics
Re: Cryptocurrency usage will boost economy or make it worst ?
by
huige007
on 23/01/2020, 15:16:58 UTC
What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?
In my opinion, it will have a rather bad effect on the economy in general, not in particular with corrupt countries. Because humans are not controlled by the law, we will turn into a more evil and more ambitious person. then people will no longer use fiat money, they will directly use crypto to manipulate like the whales did and will make the decentralized market spark. That is also the consequence that governments around the world do not want, so they have to make quite a lot of laws for crypto.

They will try to make laws for crypto, and that laws will work for some time. Crypto is safer and faster, with one word crypto is better, and of course that in long run crypto will boost not just economy, blockchain offer solutions for many other fields.
Transparency is what I like most about decentralized blockchain projects, it's what this world needs. It's the near end of playing hide & seek with our governments who make wars in our name, build guns and benefit the rich class.
It offer same opportunities for people from all the class. There is no class discrimination in this trade. Basically it was invented to provide a safer and better platform for earning opportunities to those who are not financially good. You can make yourself stable by engaging in this as it provides you best and safe way of earning. No doubt crypto is the safest, best leading market.
It is of decentralized nature that do not allow any authorities to control it, in the same way changes made in the regulations will not affect the crypto in any way. The transactions are, made secure by the unique keys. The data of the users is safe and offers very low transaction fee. These all benefits attract people from every class, society, nation and department. It is an opportunity for people of every field as everyone can adopt trading as a part time job.