Post
Topic
Board Economics
Re: Is Bitcoin good for the economy?
by
suvo05
on 01/08/2020, 20:38:20 UTC
In what circumstances you are asking about? Bitcoin is decentralized no one has total control over it. So bitcoin is favorable to the people who like to have their own privacy. And as it is not controlled so it can't do something good for a special class of people only.
But at the same time it is not good for the centralized system like GOV, as they cant track it they can't handle any crime related to it's transaction .

Bitcoins have three useful qualities in a currency, according to The Economist in January 2015: they are "hard to earn, limited in supply and easy to verify". Economists define money as a store of value, a medium of exchange and a unit of account, and agree that bitcoin has some way to go to meet all these criteria.

You can just convert your fait to BTC. Not sure what you are reffering as hard to earn, if the Economist in January 2015 said they are hard to earn then now it's harder after the halving this year  Wink