Topic: Bitcoin to 3rd world countries - page 6. (Read 604 times)
Bitcoins in the third world or developing countries will be like a mirage for a long period of time. As internet took several years to be embraced by countries like Africa countries so will bitcoins be. For their government to regulate it will be ineffective as developed states are even finding it hard to regulate bitcoins.
I think the government will certainly not allow the existence of bitcoin, after all, it can not control.
Bitcoin has changed our life, let us have the goal of striving to a better life.
Bitcoin has changed our life, let us have the goal of striving to a better life.
bitcoin will be replaced
I am living in a 3rd world country and Bitcoin kind of give me this same and equal rights rewarded by a single investment alongside other investors. For over a year, Bitcoin has transformed my life into something I could not imagine. It brought me a realization that I could do something for my life this time. It has helped me set my short, mid and long term goals which motivates me to keep going everyday. I love how Bitcoin is changing a person's life.
Bitcoin will be a lot useful to that kind of country but that does not mean that all people living on that country are poor, example would be our country which is Philippines, Ph is underdeveloped country but there are wealthy people here and lots of investors. Person who will be having this coin is the higher class ones , than the poor because bitcoin has a high value some cant get ride the flow and only some will can.
Honestly, i live in a third world country and bitcoin really helps me a lot. Bitcoin is more like a personal matter so in order for a third world country to adopt, its people should first have a bitcoin accouny. If this happen , then bitcoin will affect the country whether the value will go up or down.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
of course it is useful for them. Is bitcoin can be useful for the citizens ?
the obvious thing is the profit that they are getting from investing in bitcoin. you can see how big bitcoin has grown and continues to get and that is helpful for people who want to invest their money in something easily and make a lot of money.
and apart from that if the fees come down like the last 9 years, bitcoin as a currency has a lot of usage for them to purchase stuff from the internet and even get big discounts for it.
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What would be the government's approach to this kind of currency?
just because a country is considered under developed, their government approach doesn't have to be different. 
Well by 'poor' if you mean the lower working class, then they are still a decade or 2 away from using cryptos in their daily lives, The problem is the infrastructure and education. Most lower class people don't even know how to use a smartphone yet alone a crypto-wallet. The cryptos can help their living standards imo. As for the middle and upper classes they are already involved in mining and 'investing' in the cryptos. I know this, cuz one of my friend is running his own mining farm. As far as 'usefulness' is concerned, it will be as useful as it will be in the first world countries. I can't imagine if it will serve the people less or more just because its in a different part of the world. Bitcoin is borderless it will be as useful in USA as it will be in Germany. As for your last question, it is a tricky one. Most government officials are corrupt, bitcoin and other crpytos are a safe haven for them but it will only worsen the countries economy if the ordinary joe starts to use them. So the governments will always be against the cryptos.
Bitcoin could mean a lot to third world countries in terms of growth and development. I don't think the citizens of those countries would necessarily need to be using Bitcoins as we're talking about countries that can't provide full accessibility i.e proper internet services. Central banks of these countries can invest a part of their reserves into Bitcoin and taking it out a few years later would give them more money (that is if Bitcoin grows) instead of traditional USD margin.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
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