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Topic: bitcoin in developing countries - page 35. (Read 3369 times)

legendary
Activity: 2450
Merit: 1225
May 23, 2018, 05:00:48 PM
I think this is a good idea because the state wants to develop bitcoin, I'm sure that bitcoin is hard to stop so the step to legalize and develop bitcoin is something to do so it's not left in the future.

They just interesting for the technology Cryptocurrency which one is blockchain, example my bank central want to implement technology bitcoin its Blockchain. They not interesting with Crypto but only the technology, Bank Central on my country ban crypto for payment system merchant
sr. member
Activity: 700
Merit: 252
May 23, 2018, 04:50:33 PM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I do not think that bitcoin will affect the economic stability of each country, because the bitcoin only helps the economy and the price is set apart. if economic stability affects it because the state implements inflation.
sr. member
Activity: 994
Merit: 256
May 23, 2018, 03:51:22 PM
yes of course bitcoin is currently in a developing country, but I am sure bitcoin will continue to grow until the whole in the world will accept it. For me bitcoin is a profitable gold. Although there are some governments or countries that do not accept it, but surely often bitcoin time will be accepted in every country.  Smiley
Bitcoin in developing countries has a very high margin of acceptability provided the public are educated about the technology. The more people start knowing about the technology, the more they invest in it and helps expand it. Besides, the financial status of the people will also improve and will give rise to new companies which might deal in Bitcoin like few in China and European countries.

But there is one main problem and that is illegalization of bitcoins in majority of the developing countries. These governments don’t want their people flourish their lives rather they want to control them so that they continue to grasp everything and don’t let anything for their public. That is why these developing countries have been developing for so many years and still no improvement.
jr. member
Activity: 140
Merit: 1
May 23, 2018, 03:39:07 PM
I think this is a good idea because the state wants to develop bitcoin, I'm sure that bitcoin is hard to stop so the step to legalize and develop bitcoin is something to do so it's not left in the future.
sr. member
Activity: 686
Merit: 277
May 23, 2018, 05:51:15 AM
yes of course bitcoin is currently in a developing country, but I am sure bitcoin will continue to grow until the whole in the world will accept it. For me bitcoin is a profitable gold. Although there are some governments or countries that do not accept it, but surely often bitcoin time will be accepted in every country.  Smiley
Bitcoin in developing countries has a very high margin of acceptability provided the public are educated about the technology. The more people start knowing about the technology, the more they invest in it and helps expand it. Besides, the financial status of the people will also improve and will give rise to new companies which might deal in Bitcoin like few in China and European countries.
member
Activity: 199
Merit: 10
Now You Can Be The Bookmaker!
May 22, 2018, 01:21:36 PM
Bitcoin is the most popular way to increase economical development in developing countries.  It has recently helped people to stable their economical life. By using bitcoin people also helped their country to reached at the top in economical site. Developing countries government aslo get the best result from bitcoin and solves many economical problem. And its help to increase many advantages for the betterment of the people life.
sr. member
Activity: 518
Merit: 252
May 22, 2018, 04:55:10 AM
I think bitcoin does not interfere with inflation as long as bitcoin is used as an investment, unless used as a clear fiat it will reduce the real currency as its function and will lead to inflation.
i think there iso no significant correlation between bitcoin and inflation.evenmore bitcoin not accepted yet as global payment system.so no worries about that.
full member
Activity: 214
Merit: 100
May 22, 2018, 04:52:30 AM
I believe that developing countries are full of normal wise people who will take advantage and accept bitcoin for it is useful and good for them
member
Activity: 279
Merit: 11
May 22, 2018, 04:46:27 AM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Although Bitcoin is very popular in my country, our government is very conservative. They think Bitcoin will hurt the economy in my country. Hopefully they will recognize the mistake and they will accept Bitcoin
full member
Activity: 462
Merit: 100
ANONYMOUS MOBILE PAYMENTS
May 22, 2018, 04:45:41 AM
In developing countries, the cost of living is very much inexpensive. So income from bounties goes a long way for them in that part of the world. Some even opt to not work at all and just focus on crypto currency. The number ofnthem are growing and I think it is good for the economy because they actually go out and buy stuff now.
member
Activity: 420
Merit: 10
www.coinxes.io
May 22, 2018, 04:40:43 AM
I think bitcoin for developing countries is great for helping its people's economy, as in my country Indonesia's popularity of bitcoin has steadily improved and I have felt its own benefits for my finances and bitcoin will not disturb the economic stability of a country.
sr. member
Activity: 504
Merit: 250
May 21, 2018, 10:37:02 PM
I think bitcoin does not interfere with inflation as long as bitcoin is used as an investment, unless used as a clear fiat it will reduce the real currency as its function and will lead to inflation.
full member
Activity: 854
Merit: 108
May 21, 2018, 10:03:55 PM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

If this disruption of economic is true due to Bitcoin then there will be no country that will embrace and adapt Bitcoin existence because of fear that their economy might be ruin but what is really happening right now is many countries are now legalizing Bitcoin because they believed that Bitcoin is a huge help to improve their economy like Japan, France and Germany.
newbie
Activity: 72
Merit: 0
May 21, 2018, 09:30:09 PM
Btcs helps in overcoming the employment issues, so developing countries are the best when used.
sr. member
Activity: 882
Merit: 251
May 21, 2018, 06:01:11 AM
yes of course bitcoin is currently in a developing country, but I am sure bitcoin will continue to grow until the whole in the world will accept it. For me bitcoin is a profitable gold. Although there are some governments or countries that do not accept it, but surely often bitcoin time will be accepted in every country.  Smiley
Yes I agree, mostly countries accept bitcoin are rich countries because they are the countries where bitcoin first introduce.

Over 99% of people, I mean simple people in developing countries are not interested in the cryptocurrency. That is why, I guess, too many years (up to twenty) will pass until Bitcoin will be used there.
legendary
Activity: 2450
Merit: 1225
May 19, 2018, 12:07:25 PM
Bitcoin is becoming more and more popular in the developing world, and I don't think bitcoin will have a major negative impact on the economic stability or development of any country.
Positif and negative on the market its normal, Whale need some negativ news for buying agains his cryptocurrency they all selling at top and making some fud for other people then they can buy again at dip level
newbie
Activity: 85
Merit: 0
May 19, 2018, 11:53:07 AM
Bitcoin has the capability to help on the economic crisis of a country. In developing nations, misappropriation of state funds by corrupt government officials is a big problem. Nonadherence to project contracting best practices results in capital projects being handled by cabals who divert state funds for their own personal interests. The use of cryptocurrencies, especially those built upon smart contract protocol will allow for a more transparent contract system.
full member
Activity: 753
Merit: 100
May 19, 2018, 03:30:57 AM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I do not think so. Practice shows that bitcoin with its technology does not interfere with the domestic economy of the country, with the use of steam, since many countries have already adopted bitcoin as a means of payment and actively use its technology.
newbie
Activity: 42
Merit: 0
May 19, 2018, 02:53:31 AM
 In our country bitcoin is still not excepted by the government or any crypto currency to be exact .   To be excepted even by the government they’re still going to need a lot of time
member
Activity: 770
Merit: 12
Trphy.io
May 19, 2018, 02:34:10 AM
I think bitcoin can disrupt the economy and cause inflation in a country. Probably because the bitcoin price is too high but the physical and the shape does not exist. Until that will make it difficult for the government to audit. Especially if the country is a country whose economy is not growing or in a weak economy.
nothing wrong with bitcoin shape.for each bitcoin , miner spend alot money for mining cost.and its not different with fiat.so why we still questioned about bitcoin shape?
i think no problem with physical, but many developing countries are still minimal in the human resources, internet facilities, etc. but for developed countries like japan btc can prosper society, because they are ready with technological development
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