Topic: bitcoin in developing countries - page 46. (Read 3371 times)
Bitcoin is liked throughout the world for its many uses and advantages. As for developing countries it can help overcome their financial crisis and allow them to build a stronger economy. It is also in my opinion a great way for one to donate to help developing countries with their needs. (Ie water, food and electricity.) Because there are no currency exchanging fees and bitcoin is well known I believe it would be a very convenient way to send money for helping the poor out.
From a theoretical point of view I think it depends on people's education level and on their experience because use cases are many and varied,therefore it depends on how people value bitcoin...In another situation nobody knows what will happen, may it be good or not for their economy...Just imagine,For me bitcoin and also other technologies like Artificial intelligence are the good ways for X country to receive new additional perspectives for new,imported money,they have chances to create something cool and unique which may cost billions of dollars...That's why I say that everything depends on people.
I think bitcoin does not disturb the stability and cause inflation of a country. Instead bitcoin was created with the aim of avoiding inflation. Bitcoin is a deflationary and decentralized digital currency. Japan is a country that legalizes bitcoin as a means of payment proved more advanced and does not disturb the stability of the country.
But there is a big problem there. I have read many news regarding this on sisal media and electronic media. And every time they said, all such governments of developing countries have banned bitcoins with immediate effect because in their point of view, these decentralized coins can reduce the tax paying from public as they are decentralized and can’t be traced down.
Firstly, in most cases Bitcoin isn't actually banned, but just the practice of exchanging crypto to fiat and vice versa.
Secondly, governments missing out on taxes is just nonsense. If there was no crypto, there would be no additional crypto tax income for governments, so what exactly are they missing? To add; them getting rid of crypto actually makes them lose out on additional tax income. If you regulate the market as government, you WILL get tax income from crypto. It might not be that all people suddenly start paying tax, but what's better, 20% of the crypto traders pay tax or 0% of the traders?
People here need to accept and understand that people in developing countries are mostly poor for a reason, and will remain that for a reason. They aren't supposed to progress further. Poverty, just like debt, means you as authority effectively control everyone fitting in these categories, and let that control be what authorities desperately plan to hold firm.
Bitcoin is very important in developing countries because it can help boost its economy it helps also people without permanent job to earn for their living and also helps in solving poverty.
But there is a big problem there. I have read many news regarding this on sisal media and electronic media. And every time they said, all such governments of developing countries have banned bitcoins with immediate effect because in their point of view, these decentralized coins can reduce the tax paying from public as they are decentralized and can’t be traced down. 
In present world bitcoin is becoming popular day by day. People have started to know about it. In developing countries also many people are connected with bitcoin.
Yes in recent days bitcoin and other crypto currency are very popular all over the world so this is a good thing for all crypto currencies and also the development of its value and also gives some hope for users.
In present world bitcoin is becoming popular day by day. People have started to know about it. In developing countries also many people are connected with bitcoin.
I think every country has their own development of cryptocurrency.Bitcoin is getting popular in developing countries.Bitcoin can help developing countries who have hypetinflation,no jobs,no capital for investment, bitcoin can help everybody by helping access modern banking and financial services through blockchain.Bitcoin and mobile phone can help poor in the world access the global economy.
Bitcoin is getting popular everywhere in the world that is a good thing the bad thing is that countries are still in development have a lower income in average than those that have already developed and this means that they cannot get as much bitcoin as the people living in developed countries which means that they will have to take greater risks if they want to improve their economic position. 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?
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?
japan today is using cryptocurrency in order to improve their own economy and that is the best reason why cryptocurrency today is very helpful for the community, technology is growing as well as digital currency so we can expect a better future if this kind of idea will just continue in the future.
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?
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?
The only reason why bitcoins before is not being so popular is because the price is very low and the cost of living is very expensive even before so no one is interested on investing in it but as the time goes by, the price is keep on growing due to different new's and investors as well.
Yes, I do believe that Bitcoin and crypto technology will disrupt the traditional infrastructure in most of the sectors. However, it won't affect the stability at all because this process will be in action in the background or say on the parallel level so fiat and banking system won't affect overnight. However, if we consider the long-term scenario then things will transform upside down if this transformation succeeds. Even governments are supporting Blockchain technology and that will help the growth of Bitcoin and altcoins too irrespective of the government's stand on the same.
In developing countries they are less aware of BTC. For example, LAO, THAILAND, VIETNAM ..... these countries have almost no government to accept the MOF, only a few investors participate on foreign exchanges, their government does not interfere with BTC.
i think bitcoin in development countries are good because it can be a good development for them and having a good tax from it but the problem is when they are need a good infrastructur to provide it and any developed countries not all of them are good in their infrastructur
it's good to read that, but there are countries that have been banned from bitcoin. hopefully the world will have bitcoin to alleviate poverty.
I personally don't see cryptos as official mean of payment/circulating currency in third-world countries
Their economies in many ways are controlled not by market itself, but by dictators/corrupted institutions. They won't share control. But it can help those who is stopped by the government in making business or smth. Some lind of more justified shadow economy
Their economies in many ways are controlled not by market itself, but by dictators/corrupted institutions. They won't share control. But it can help those who is stopped by the government in making business or smth. Some lind of more justified shadow economy
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I don't think that bitcoin and the rest of cryptos will disrupt a nation's economic stability and growth because if we consider how Japan testified regarding its economic boost when they embrace the technology, then you can see how bitcoin and the cryptos are really helping the economy even to the world's most progressive country.
Well at this time fiat is the main currency that runs most countries and if there comes a time when fiat will be overwhelmed by crypto, perhaps the economy itself will be disrupted during the transition. That's just me though, because the transition may go really slow as to not have any effect at all as well.
I saw some articles online that says that some of the developing countries are now preparing or getting ready for accepting or adopting bitcoin to their country because just like Japan which is one of the most developed country in Asia already accepted and legalized bitcoin and they are having a great progress from it so i think that the other developing countries will do the same.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I don't think that bitcoin and the rest of cryptos will disrupt a nation's economic stability and growth because if we consider how Japan testified regarding its economic boost when they embrace the technology, then you can see how bitcoin and the cryptos are really helping the economy even to the world's most progressive country.
In the development of bitcoin in every countries world wide i think it can not disrupt to the economic stability of a country in accessing cryptocurrency because in the first place bitcoin is made only to decentralized currency which is to eliminate third party involvement between the government and the state.
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?
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 the many peoples in developing country has internet connection I think they can participate in bounty campaign . it will helpfull them to get another income.
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