Can Bitcoin help poor countries? - page 22.

richardsNY

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Quote from: Flodemaga on November 08, 2016, 12:11:56 PM

Knowing that bitcoin can be earned for free, with just a internet conection its possible to help some people wich live at poor countries, as long their internet provider has stable acess and low cost as well.

People living in second world countries could earn themselves some coins through signature campaigns, or just by offering their services to the public. But that's different for people living in third world countries. These people mostly don't have enough money for food and stuff. And for that reason, it will be a costly thing to pay for an internet connection while they need that money to feed their family. So no, I don't think Bitcoin will be of much value for them in that aspect.

madwica

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Country can no help by bitcoin but the individuals it can but considering they can afford the basic requirements of bitcoin and i think poor people not think to buy gadgets they much prefer to but foods and clothes to survive them.

Senor.Bla

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Quote from: iram3130 on November 08, 2016, 12:29:00 PM

It can help the poor in many ways.
Earning may be a great option. other than that it can take out corruption as it is not a paper money and transactions will be easier.

You can always remember that you just need an internet connection and a little investment if they can afford.

from using bitcoin to getting rid of corruption it is a long way. yes, all transactions are on the block chain but you need to know who the addresses belong to. and to do this you would need to use bitcoin officially by the government. this is not that easy.

prabowo96

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Quote from: Slow death on November 08, 2016, 09:24:34 AM

Yes can help. If people have a good heart. Many people think that those who live in poor countries are very poor to the point of not having a computer, a mobile phone and internet, but people are mistaken because they have never seen how the poor countries are.

Going to answer your question.

Imagine the following:

A Mozambican citizen goes to Google and searches "how to make money on the internet?" And google shows you exchange site like poloniex. The Mozambican citizen decides to deepen more knowledge about bitcoin and knows bitcointalk. Knowing the forum bitcointalk and deepening their knowledge about trade and bitcoin. The Mozambican citizen becomes a successful man and creates in his country an orphanage to care for needy children, creates service companies and spreads information about bitcoin in his country so that more people benefit from this technology.

Note that with just one person and with the knowledge about bitcoin and its potentiality it is possible to help many people. People from poor countries. The main question is: What does each one of us do to improve their own country?

That's a nice example, you just miss one point: the capital
This guy will need some money to start trading but yes, he can start slowly with signature campaigns or things like that and try to earn more and more with trade until he got money to help others people.

Poor or rich countries, we need to start by our own minds, house, neighborhood, city...

iram3130

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It can help the poor in many ways.
Earning may be a great option. other than that it can take out corruption as it is not a paper money and transactions will be easier.

You can always remember that you just need an internet connection and a little investment if they can afford.

Flodemaga

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Knowing that bitcoin can be earned for free, with just a internet conection its possible to help some people wich live at poor countries, as long their internet provider has stable acess and low cost as well.

European Central Bank

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unless tx fees are tamed then no one's gonna be able afford to transact.

the network wanted 40 bucks off me to send 1 btc today. even low priority was $2.
i was about to buy something or 'spam the blockchain', now i certainly won't be.

that's more than a daily wage in some places.

it may be a glitch but at present it's only going one way and that's up. let's hope there's a cheap second layer soon.

lol3c

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Quote from: John_Dave on November 08, 2016, 08:45:52 AM

How can it help the economics of these countries even if population will be educated enough about bitcoin? Can't get it

Yeah I think so too, people in poor countries usually don't get much education so making them know about bitcoin and know how to use it is no easy work. Moreover, if they did know something about bitcoin, how could they use it and make a living from it when the internet in these places isn't always available, or even doesn't exist.

pereira4

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It is already helping poor countries. In places like kenya and stuff there are people going there and setting bitcoin banks with the help of cheap computers and cheap smartphones, or even nokia type of phones throught SMS. An economy can be started with a single cheap device.

Carlsen

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The very big advantage of Bitcoin is that money can be transferred in every corner of the world where internet is available.
You don't need a bank account not even a birth certificate.
In very poor countries that is a big advantage because people are no longer captured with their money just in the local environment.
They can receive money from relatives they were not able to reach before. And make money with the rest of the world.

Daniel91

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Quote from: Slow death on November 08, 2016, 09:24:34 AM

Yes can help. If people have a good heart. Many people think that those who live in poor countries are very poor to the point of not having a computer, a mobile phone and internet, but people are mistaken because they have never seen how the poor countries are.

Going to answer your question.

Imagine the following:

A Mozambican citizen goes to Google and searches "how to make money on the internet?" And google shows you exchange site like poloniex. The Mozambican citizen decides to deepen more knowledge about bitcoin and knows bitcointalk. Knowing the forum bitcointalk and deepening their knowledge about trade and bitcoin. The Mozambican citizen becomes a successful man and creates in his country an orphanage to care for needy children, creates service companies and spreads information about bitcoin in his country so that more people benefit from this technology.

Note that with just one person and with the knowledge about bitcoin and its potentiality it is possible to help many people. People from poor countries. The main question is: What does each one of us do to improve their own country?

You are partially right.
Each of us can help, of course, in our own country, educate people about Bitcoin, show them the way etc.
But, Bitcoin is very long term project and poor people need help right now.
So, you can't give them just info about Bitcoin and say to them: ''Bitcoin is long term solution for you, just collect it''.
They usually need medical help, help with education, job etc.
Bitcoin may be next step for them, when they have some basis for life.

Slow death

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Yes can help. If people have a good heart. Many people think that those who live in poor countries are very poor to the point of not having a computer, a mobile phone and internet, but people are mistaken because they have never seen how the poor countries are.

Going to answer your question.

Imagine the following:

A Mozambican citizen goes to Google and searches "how to make money on the internet?" And google shows you exchange site like poloniex. The Mozambican citizen decides to deepen more knowledge about bitcoin and knows bitcointalk. Knowing the forum bitcointalk and deepening their knowledge about trade and bitcoin. The Mozambican citizen becomes a successful man and creates in his country an orphanage to care for needy children, creates service companies and spreads information about bitcoin in his country so that more people benefit from this technology.

Note that with just one person and with the knowledge about bitcoin and its potentiality it is possible to help many people. People from poor countries. The main question is: What does each one of us do to improve their own country?

Marc_JB

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Quote from: John_Dave on November 08, 2016, 08:45:52 AM

How can it help the economics of these countries even if population will be educated enough about bitcoin? Can't get it

I agree, i feels like bitcoin is used withoun involving the national economics, that's it's main point

Gliassa

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Quote from: John_Dave on November 08, 2016, 08:45:52 AM

How can it help the economics of these countries even if population will be educated enough about bitcoin? Can't get it

I also do not think that it can happen but we of course have to see this, maybe it can its all about the future of the bitcoin.
These people could not afford the bitcoin to be honest so I do also not think it can honestly.

John_Dave

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How can it help the economics of these countries even if population will be educated enough about bitcoin? Can't get it

Catlonid

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Quote from: mirakal on November 08, 2016, 02:59:53 AM

Quote from: Babayega31 on November 07, 2016, 10:39:56 PM

Quote from: stadus on November 07, 2016, 10:04:17 PM

Quote from: Harlot on November 07, 2016, 09:23:55 PM

Quote from: madwica on November 07, 2016, 09:18:27 PM

Quote from: ivanpoldark on November 07, 2016, 04:17:17 PM

Bitcoin will likely help a particular person, not the whole country.

This is correct only individual can help by the bitcoin but country it self it can't. Bitcoin has requirement that not all poor people can afford.
If all people can afford gadgets to access bitcoin i think all people will be rich someday by the help of bitcoin.

Yes it can help a person, but not specifically a poor person because the amount you will earn online is only enough to become a side income. For it to solve a people without money the bitcoin needed to be earn must be sufficient and equal to a regular income. Well at present there is no way for you to have that big of amount as faucets won't give you enough to make a living only signature campaigns can actually give fair rates.

You do not see the entire benefit of bitcoin as you only consider it as a side income for the poor, it's more than that actually since we cannot let them all work to have side income. There is something that they will benefit and that is not to maximize their income but to minimize their expenses.

It's all about remittance worldwide. We do not need bank but we do banking here.

It can really help poor countries but people in these countries must do have proper education so that they may able to understand the communication of ideas which bitcoins has. This helped a lot of people who are hardworking and willing to learn, help is not worth it if the person is not interested to know the importance of bitcoin to our lives.

Not all people can be help as definitely big numbers of the total population in the poor countries does not know how to use computer. What is important is they need to learn how to use computer first before you teach them about bitcoin.

I agree with you because for now, poor countries need teaching about technology. Technology is needed for modern life, who knows better technology then he will be more successful.

Mzie

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If the people in that country utilize crypto currencies then yea , Bitcoin can help

mirakal

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Quote from: Babayega31 on November 07, 2016, 10:39:56 PM

Quote from: stadus on November 07, 2016, 10:04:17 PM

Quote from: Harlot on November 07, 2016, 09:23:55 PM

Quote from: madwica on November 07, 2016, 09:18:27 PM

Quote from: ivanpoldark on November 07, 2016, 04:17:17 PM

Bitcoin will likely help a particular person, not the whole country.

This is correct only individual can help by the bitcoin but country it self it can't. Bitcoin has requirement that not all poor people can afford.
If all people can afford gadgets to access bitcoin i think all people will be rich someday by the help of bitcoin.

Yes it can help a person, but not specifically a poor person because the amount you will earn online is only enough to become a side income. For it to solve a people without money the bitcoin needed to be earn must be sufficient and equal to a regular income. Well at present there is no way for you to have that big of amount as faucets won't give you enough to make a living only signature campaigns can actually give fair rates.

You do not see the entire benefit of bitcoin as you only consider it as a side income for the poor, it's more than that actually since we cannot let them all work to have side income. There is something that they will benefit and that is not to maximize their income but to minimize their expenses.

It's all about remittance worldwide. We do not need bank but we do banking here.

It can really help poor countries but people in these countries must do have proper education so that they may able to understand the communication of ideas which bitcoins has. This helped a lot of people who are hardworking and willing to learn, help is not worth it if the person is not interested to know the importance of bitcoin to our lives.

Not all people can be help as definitely big numbers of the total population in the poor countries does not know how to use computer. What is important is they need to learn how to use computer first before you teach them about bitcoin.

Babayega31

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Quote from: stadus on November 07, 2016, 10:04:17 PM

Quote from: Harlot on November 07, 2016, 09:23:55 PM

Quote from: madwica on November 07, 2016, 09:18:27 PM

Quote from: ivanpoldark on November 07, 2016, 04:17:17 PM

Bitcoin will likely help a particular person, not the whole country.

This is correct only individual can help by the bitcoin but country it self it can't. Bitcoin has requirement that not all poor people can afford.
If all people can afford gadgets to access bitcoin i think all people will be rich someday by the help of bitcoin.

Yes it can help a person, but not specifically a poor person because the amount you will earn online is only enough to become a side income. For it to solve a people without money the bitcoin needed to be earn must be sufficient and equal to a regular income. Well at present there is no way for you to have that big of amount as faucets won't give you enough to make a living only signature campaigns can actually give fair rates.

You do not see the entire benefit of bitcoin as you only consider it as a side income for the poor, it's more than that actually since we cannot let them all work to have side income. There is something that they will benefit and that is not to maximize their income but to minimize their expenses.

It's all about remittance worldwide. We do not need bank but we do banking here.

It can really help poor countries but people in these countries must do have proper education so that they may able to understand the communication of ideas which bitcoins has. This helped a lot of people who are hardworking and willing to learn, help is not worth it if the person is not interested to know the importance of bitcoin to our lives.

stadus

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Quote from: Harlot on November 07, 2016, 09:23:55 PM

Quote from: madwica on November 07, 2016, 09:18:27 PM

Quote from: ivanpoldark on November 07, 2016, 04:17:17 PM

Bitcoin will likely help a particular person, not the whole country.

This is correct only individual can help by the bitcoin but country it self it can't. Bitcoin has requirement that not all poor people can afford.
If all people can afford gadgets to access bitcoin i think all people will be rich someday by the help of bitcoin.

Yes it can help a person, but not specifically a poor person because the amount you will earn online is only enough to become a side income. For it to solve a people without money the bitcoin needed to be earn must be sufficient and equal to a regular income. Well at present there is no way for you to have that big of amount as faucets won't give you enough to make a living only signature campaigns can actually give fair rates.

You do not see the entire benefit of bitcoin as you only consider it as a side income for the poor, it's more than that actually since we cannot let them all work to have side income. There is something that they will benefit and that is not to maximize their income but to minimize their expenses.

It's all about remittance worldwide. We do not need bank but we do banking here.

Topic: Can Bitcoin help poor countries? - page 22. (Read 73888 times)