Topic: bitcoin in developing countries - page 17. (Read 3369 times)

Bitcoin is now there in almost every well developed country; it is really a fantastic thing about crypto currency to become famous in well developed countries, now almost in every country bitcoin is using, to be honest I think someday we are gona see bitcoin as universal currency, I am sure in near future bitcoin will replace regular currency of some countries.

Bitcoin is one the big coin, bitcoin is a high value we know  that bitcoin help to give a income to all users. Through bitcoin helps economics by giving a income and help to the job bless people by giving a work. Many job person in the country is a successful countries.

We should think first what will happen in our economic stability. We seek for only advantages, but theres a lot of negative effects that we cannot see. We know what are the positive effects of bitcoin, the innovation of our virtual money, and the new technologies for all of the countries

I think the presence of Bitcoin will not disrupt the economic stability of a country. but with the presence of Bitcoin would make it easier for people to improve their economy, because of Bitcoin we will get a lot of money. I am very happy if this bitcoin soon in legalkan in all countries in this world.

Bitcoin will help these countries to overcome their financial crisis and also help build a strong economy in those countries. In central African countries like Kenya, Zimbabwe etc. benefit from bitcoin through Bitpesa Winks, It is true that the current Bitcoin system is deflation, but that does not mean it can not disrupt the economy. If enough economic money (% wise) goes into Bitcoin, you can be sure the economy will suffer, unless they start receiving Bitcoin as a national tender. We do not want the whole world to use Bitcoin, not at least simultaneously which will lead to economic collapse around the world.

Bitcoin is very useful to all individuals and also the countries that know the important of using bitcoin . Many online business and also remittances that partner of bitcoin. But the bad news that our see in the medias is damaging the goodness of bitcoin. We need more years to come then the government is accepting bitcoin to develop the country.

I can't find too much issue that bitcoin can disrupt the economic stability, cause there are a lot of positive agenda that BTC can offer on a developing countries. Bitcoin will support the financial crisis of an economy and make more faster transaction and exchange of goods, despite of the popularity of BTC many people are beings scam, because of a tempting information roaming in many social media, that occurrence will make a sense to inflate the demand of BTC in a developing country. IF you noticed even government are not with BTC cause it can make a financial freedom in the society that all people ever wants.

 I've seen the topic which says that developed countries are more likely ready to embrace blockchain and bitcoin technology then poor countries are. But anyway we have seen from the last days the developing countries are also thinking about forbidding the Bitcoin.

Indeed. Even for a clickcbait, this claim sounds outrageous.Like you said, the best thing to do is to brush aside the unnecessary FUD, but this always will be harder for th new/future users, and i'm sure this keep a lot of people scared and away from the bitcoin. Misinformation is a huge problem in this market.

That is not capitalism. I even though it you are actually being wise. The first place? Broken, and technology. I believe that bitcoin and a great mind that you have knowledge and technology. Cause bitcoin are respectable. Cause I support that bitcoin is not capitalism.

not bitcoin will not cause inflation because bitcoin is the currency is deformed. proven in a country that legalizes bitcoin as a legitimate means of payment the country is getting ahead and its economy is also good not inflation. bitcoin is a decentralized currency that will not cause inflation.

Being a citizen of a developing countries myself, I would add one thing that people should also be aware of,  that the corruption by those in power (government, bureaucracy and politicians) in some developing countries are so acute that Bitcoin advocates in those countries should be very carefull not being tools for those bandits to whitewash their illegally-obtained money.

This is a little bit out of my league, but I'm not completely ignorant about economics--when you say "deflationary" you mean it's supposed to gain in value over time, correct?  I assume that's what's meant, since I know the definition of "inflation".  It seems to me that this doesn't necessarily have to be true.  

Bitcoin's price, and thus its purchasing power, is determined by demand only (supply is known and will eventually be fixed at 21 million).  There's no law of nature saying that it has to keep rising at all.  It certainly can't fall past zero in terms of fiat, but it can approach or even reach that.  In other words, it can become worthless.  

Doesn't seem like that's going to happen, but all we'd need is one good black swan event and this deflationary currency won't be able to buy anything.

As far as the developing countries go, I can pretty much guarantee that people in most of those places aren't using what little money they have to actually buy bitcoin.  They're most likely to be the ones trying to earn it through jobs like the ones offered on this forum.  You'd have to either be an extreme gambler or relatively wealthy to go out of your way to buy a cryptocurrency that you're not likely to spend, and which doesn't offer many advantages over fiat in terms of being a currency.  Hate to say that, but it's true.  It's much easier to spend fiat than it is bitcoin.  So I don't know how much the 3rd world is being helped by crypto.  I hear a lot of claims about that here, but they all sound like rah-rah shitposts.
Not much on this forum makes a hell of a lot of sense.  "Disrupting the economy" sounds like those clickbait links that you see at the end of trendy listicles, like "This one cryptocurrency is disrupting a $10 trillion industry!".  It's a buzz phrase, and I tune those out as soon as I see them.

How have you been able to find a relationship between bitcoin and the inflation of a country? Makes no sense.
Bitcoin is not "disrupting the economy" it's just making it harder to your country tax you.

Bitcoin in developing countries is the best or very useful. Specially in terms of business through there payments system. It help them to make there business fast with the transactions.

I think Bitcoin is surely a thread to the country's economy. Government really hates it a lot but they have to face it that's how we will know which system of money management is better.

In this case, the government will probably tax you through bitcoin. For instance, in japan you already can pay bills and federal taxes using bitcoins.

Bitcoin in developing countries is very helpful in their economic growth. It is a very useful tool to have drag a countries economic status.

Also in my country, actually when I cash out my money from bitcoin there is a man who see doing that and asking me about it. He want to know more about bitcoin ,that's how popular bitcoin now.

bitcoin is becoming increasingly popular especially in developing countries and as more and more people are interested in bitcoin investments, bitcoin prices will become higher and of course will affect the economy especially for its users