Quote from: Janation on February 20, 2020, 11:13:02 AM

Quote from: charlesmichel1 on February 20, 2020, 08:49:38 AM

The main advantage of Bitcoin is fast transactions. It will let the economy to gain its potential and evolve. Being hard to earn is also among the pros because it makes Bitcoin valuable and accepted.

Despite that fast transactions, people don't usually use Bitcoin.

Also, I think it will not make the economy develop or evolve but with the help of blockchain technology, it might be of help in a way for the country. It is valuable but that doesn't really matter since as long as a small population is using it in the country, it will not matter at all.

on a national scale, bitcoin's decentralised nature is both a boon and abne for the economy. It's good that it's decentralised as it can span miles and miles to reach people and transact which is otherwise impossible with our centralised remittances. But the fact that it is decentralised means that it can't do anything with the country's economy. It can't help it grow, it can't help it to it's destruction too. It's kind of on a neutral standpoint. Just there for you to use if you want to and there for you to abuse it's profinatibility if you have to. So no, bitcoin's not gonna affect your exonomy or anyone's economy at the end of the day. It's both good ad bad