Post
Topic
Board Bitcoin Discussion
Re: BITCOIN AND ECONOMY
by
Smack That Ace
on 18/09/2024, 04:02:42 UTC
Bitcoin has many things to do with the current economic situations in different countries,some of these what bitcoin has done to the economic of many countries are -
 first of all it provide employment and source of income thereby regulating the unemployment rate and increasing the efficiency of the economy.
 secondly bitcoin could have hep many countries if they would have acquire some and make it a legal tender years ago.
 thirdly it reduces crime rate in some countries because the reason for some of these crime is unemployment.
 And lastly bitcoin rescues many families and individuals get rid of poverty thereby increasing the quality of life ,helping businesses,and helping the economy in different ways.
Bitcoin has really help the economy , this is just a nutshell of some notable works bitcoin has done to economy of many countries so i don't really see the reason why the government of some countries failed to make it a legal tender till now even after seeing what it has done to their economy.
Why not?  Bitcoin gives us so many things to understand and so many things you can do with it.  I think there is nothing we can't do with Bitcoin.  With this we can also fulfill our desire. but whoever invests his hard work and financial support in Bitcoin will suffer losses.  I don't think he'll go into it, but he'll take it even higher, which will take away from the daily tension and you can live a good life.  Ask people who are running their homes with Bitcoin and they will tell you about how happy and well we can understand it. people are also inspired by it and praise it and keep themselves happy and they are living better now than they used to live.

Yes, bitcoin brings us many useful use cases but which use cases can positively impact a country's economy? First of all we need to know what factors contribute to the economic health of a country and can you tell me what factors we need to grow the economy and what role will bitcoin play? Can Bitcoin prevent corruption, can it create more jobs...?

It is true that bitcoin has improved the lives of some people who invested in it, but not all. Furthermore, that is just on an individual level but here we are talking about a national level and it is much bigger. When it comes to a country's economy, the problems we face and need to solve are much bigger, and honestly, I don't see bitcoin having any impact on a country's economy. I cannot imagine how it will help us fight corruption, create jobs or help people improve their incomes and what role will it play in doing those things?