bitcoin in developing countries - page 49.

Bolivar_Tony

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

Virtual coins are supposed to be something that is bad for developing countries, so many people do not want Bitcoin removed by the government from the market economy but this is being done and in The future will certainly have many countries banning Bitcoin.

mimienamphine

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Bitcoin is great but it does well in countries with high level of technology but in developing countries, most people cannot use a laptop or a smartphone hence it retires the rate of bitcoin use by citizens.But there is more future for bitcoin in these countries as more people are getting education and accepting new technology in their societies.

richardsNY

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Quote from: hawkins on April 29, 2018, 11:52:40 AM

in fact, so many things can be utilized. even for a country. many countries are in favor of bitcoin development, I think they are trying to take advantage of bitcoin for the benefit of their country. well, hopefully it can make bitcoin for the better.

I think you're mixing things up here. Governments have frequently stated to see value in the blockchain as technology, and not so much Bitcoin itself. At most their preference for the blockchain might result in more open minded governments, but I am quite sure that they don't actually like what Bitcoin forced through. Governments were probably thinking to continue their path of destruction for many more years, but times have changed and in favor of the people. On the other hand, some countries have already noticed that it's pointless to offer resistance, where they actually opened up the doors for the crypto and blockchain industry to develop and grow. Japan is the main example, but I'm also interested to see how Belarus manages to develop itself. In such a small economy that's worth around $50 billion per year, everything will likely result in economical growth.

fianaindriati

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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 think btc it will not disrupt the current economic stability. because at this time the government has not legalized bitcoin in the eyes of the public, so it has not been affected.

hawkins

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Quote from: gandhe83 on April 29, 2018, 10:33:43 AM

Bitcoins in developed countries are being used widely and widely. For example, Japan, the United States, etc. In developed countries bitcoin is considered legitimate and meet the needs of human development, helping the economy of those countries grow.

in fact, so many things can be utilized. even for a country. many countries are in favor of bitcoin development, I think they are trying to take advantage of bitcoin for the benefit of their country. well, hopefully it can make bitcoin for the better.

South Park

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

Bitcoin cannot cause inflation in a country, inflation comes from the creation of more money by the government, if they increase the money supply it is obvious that this is going to increase the prices in everything else because the production has not increased, bitcoin has nothing to do with that if the economic stability is disrupted it is because the economy is very frail and based in fake concepts.

gandhe83

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Bitcoins in developed countries are being used widely and widely. For example, Japan, the United States, etc. In developed countries bitcoin is considered legitimate and meet the needs of human development, helping the economy of those countries grow.

jatin729

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We have seen bitcoin condition in developing countries are neutral phase, govt. does not even declare it legal or illegal . So i think developing countries govt. is looking for an opportunity for legalize bitcoin inside the country.
Clearly we had seen recently in Indonesia They legalize the crypto asset inside the country.

carlisle1

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Quote from: DigitalFox on April 27, 2018, 03:42:47 PM

Quote from: mrtryonebiggums on April 27, 2018, 03:28:26 PM

Quote from: haroldtee on April 27, 2018, 01:10:00 AM

Firstly, the only thing that has always been causing inflation is the manipulated and monopolized Fiat system.

Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!

Quick mafs right Wink

? True that the current Bitcoin system is deflationary but that doesn't mean it can't disrupt an economy. If enough of the economies money (% wise) goes into Bitcoin, you can be sure the economy will suffer, unless they begin to accept Bitcoin as a national tender. We don't want the whole world to use Bitcoin, not at least simultaneously that would cause a world wide economic collapse, instead you want the change to Bitcoin to be gradual and for it to be over a long period of time say 25-100 years.

I would think even poorest country's economies are much larger than a total crypto marketcap. And most developing countries would swallow it without noticing

do you think so?last december 2017 we reached morethan 750$ billion and you think this is smaller than a smallest countries economy?if that so now tell me where are we heading?if after 8 years of existence yet we cant even break the economy of the smallest country in the world

Rossy Akbar

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First of all, I don't think bitcoin will disrupe economy of developing country, why? Because developing country absolutely has an investor also who can turn on to bitcoin which is possible to make kinda company, so another society will join the company and earn some money. Well, I think if all the society has their job the economy of the country will grow up tho.

manfredmann

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Well this could be good for the developing countries especially in joining bounty campaign. They could get more than to those who are rich country because the currency to be given could be multiply in exchange to their money. And of course it will be high as to be expected since dollar is one of the expensive currency exchange in the market.

thecoder2017

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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.

KorakPawon

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discuss about bitcoin in developing countries we see UAE or more precisely, when legal bitcoin in such developing countries is all electronic in terms of any payment even if you know there is a special ATM for bitcoin. and indeed the level of the economy there becomes higher.

Pamela1966

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Bitcoin is becoming known more than imagined in my country being Third World country and it's accepted by youths, the government is understudying what Blockchain technology and crypto would contribute to the economy and the legislative arm of government is working on legislation to regulate cryptocurrency

jak3

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I think it's been around 10 years how Bitcoins existence in the internet world and yet not many people from developing countries have to use Bitcoin. I am sure that the fact is something else and if it looks at the stats we can see a huge amount of cryptocurrency users in a particular region. On the second thoughts what will happen in developing countries help under developing countries with cryptocurrency.

Bolivar_Tony

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The world is changing in a global economy, with five countries banned from Bitcoin and other virtual currencies for a variety of reasons, but most are afraid of virtual money. The crisis for their growing economy, with the current situation my country will ban bitcoin due to risk concerns.

omfg.xekcep

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I am sure that inflation and instability of economy is a product of incorrect management of a country and this is a politics of a goverment. Cryptocurrencies does not decide such tasks and they cannot affect on economics seriously.

Andrews193

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

My country is also a developing country in which many currencies are fluctuating at a reasonably high price in the market. In my country, Bitcoin is banned by operators because of their concern. Bitcoin will cause economic crises in the future.

Notcalculator

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★Bitvest.io★ Play Plinko or Invest!

Bitcoin is in its early stages and so far it's not yet capable of "disrupting" the economy. What it is now is a new opportunity. Governments shouldn't close this door immediately because obviously it does bring some economic stimulation. That's basically the stance of india and some other countries. It's too early to ban and there's still too many factors to figure out to bring an effective regulation. So in short i dont think it's currently gound breathtakingly disruptive because of its low adoption.

qwertyup23

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

The only time that inflation would take place is when they adapt bitcoin as its standard currency in a country. Bitcoin, in developing countries, has benefitted them economically due to various reasons, such as:

Bitcoin has provided numerous job opportunities for under all classes in the society;
It has been made as an alternative to all people in earning extra income;
Most developing countries have started to accept bitcoin as an alternative means in paying monthly obligations due to its convenience and it has benefitted the economic; and
Bitcoin can contribute positively on the liquidity of a country's economy.

Despite all of these positive effects, some countries still fail to adapt bitcoin as an alternative currency due to political and economical reasons relative to the country. Lastly, I believe that bitcoin can be made as an alternative currency in the future due to its platform- the blockchain technology, may be further developed and explored to maximize its benefits.

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