Quote from: Gheka on January 24, 2020, 11:54:45 AM

Quote from: julius caesar on January 24, 2020, 04:41:17 AM

Quote from: Wysi on October 27, 2019, 11:03:11 AM

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?

It will probably gonna boost the economy of a specific country because we all know that cryptocurrency provides a faster transaction. The faster the transaction the faster the movement of the economy that is why if they accept crypto as a part of their transaction, it will for surely gonna have a huge impact to the economy.

Well, I don't think so, except for crypto, the services of banks in money transfer and deposit are still very fast but obviously, the economy can only grow to a certain extent, crypto as an alternative in this position, it cannot have a strong boost. Especially when crypto still has too many weaknesses in transactions, the banks are not directly managed, every problem that happens will have no resolution and sometimes need waiting, if crypto is truly impacting the economy, it will certainly be a negative direction

Yeah, the current situation disallows bitcoin to become widely used for monetary transactions sad to say. But with enough development and support from everyone, it should have the chance to be widely accepted just like how debit cards or credit cards work. bitcoin is already there, we just need to play the waiting game.