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Can Bitcoin Help with Economic Problems?


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Digital technology helps change one's life and the presence of Bitcoin has shown a new era in this advanced technology world.  Today many people are familiar with Bitcoin, although only a few countries accept it.  We need to know that Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto.  The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.  Is the presence of Bitcoin can help people who are below the poverty line, because many people say that Bitcoin is a way to make money easily and tax free for its users.

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I think that bitcoin and other crypto can definitely help with the economic problems that many people, towns and countries are facing. Especially now with the economic struggle due to the pandemic. I think this is so because the people that are making bitcoin can do so online and with a variety of skills so that everyone will be able to offer something and earn something as opposed to not making anything without a job. In this way they are helping themselves, even if it is just a faucet collection. It can help if adopted in the right way, however as you see there are many speculations and reservations that countries have on crypto and hopefully this will change in the future. 

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