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Topic: Can Bitcoin help poor countries? - page 24. (Read 73851 times)

legendary
Activity: 854
Merit: 1000
November 07, 2016, 05:49:24 AM
Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 
If few individuals start earning online that doesn't improve overall economy of country.Bitcoin alone can not change economy of poor countries.Good health,education etc are also required for the growth of any nation
sr. member
Activity: 280
Merit: 250
November 07, 2016, 05:34:30 AM
Yes obviously bitcoin could help poor country because it could be earned for free and could be made for free, assume that initial investment is taken into consideration. if they could earn free bitcoin then obviously they could sell those bitcoin and get real money in their own currency.
hero member
Activity: 490
Merit: 501
November 07, 2016, 05:33:40 AM
Personally, I think that it is not really the mission of Bitcoin to specifically help poorer countries or on that regard seems like having a philanthropy leaning. Of course, in some aspects it can influence countries to streamline or to make people realize that they have a good alternative they can use financially. In fact, with the way Bitcoin is rising now I don't hink poor can be interesting in owning a part of Bitcoin but that is just my assumption.
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
November 07, 2016, 05:24:56 AM
Bitcoin can indeed help some. Even microearnings like faucets and such can provide some in poor countries as life costs are cheaper there. But do not think it helps a big lot though.

legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
November 07, 2016, 05:16:54 AM
Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 
That is not the main reason I guess, only few are making income online because in poor countries only few know about bitcoin and we are talking here in general on how to help the poor countries and helping a little portion of their people is not an act of helping the whole country.

It's impossible to help to all the people in those countries. I mean if even a small number of people who would be very poor otherwise is felling better because of Bitcoin that is a great achievement.

What is good in using Bitcoin for those people is that the money go straight to them and they are not robbed in the process by the middle men which is almost always the case in poor countries.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
November 07, 2016, 03:36:29 AM
Bitcoin is just a currency and it can be use for shopping and some people use it as investment so we can says that bitcoin helping the poor country and people buy bitcoin with low price and then wait for higher price and when price go up then they sell it with high price .
unfortunately people in third world country don't have money to buy such thing,even they can't afford for a PC if they was really poor,$700 for a bitcoin just too high for people in 3rd world country,even though they can buy lower amount than a bitcoin but they will only get a small profit

Yes for third world country people like me, 700$ is a huge amount in my local currency. Hence collecting bitcoin does add up as a significant side/part-time earning for me. Even if I sell my coins I am at huge profit according to my local currency. Hence for me it is profitable. However in many countries the basic amenities of life are more available in exchange of fiat and bitcoin has never been heard of there.
hero member
Activity: 630
Merit: 500
November 07, 2016, 01:51:32 AM
Bitcoin is just a currency and it can be use for shopping and some people use it as investment so we can says that bitcoin helping the poor country and people buy bitcoin with low price and then wait for higher price and when price go up then they sell it with high price .
unfortunately people in third world country don't have money to buy such thing,even they can't afford for a PC if they was really poor,$700 for a bitcoin just too high for people in 3rd world country,even though they can buy lower amount than a bitcoin but they will only get a small profit
Correct country is very hard to get rich, it will starts on the people there bitcoin can help individuals if they afford to buy thing that bitcoin required, and i think all poor people much prefer to buy foods and clothes than to buy gadgets.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
November 07, 2016, 01:28:29 AM
Bitcoin is just a currency and it can be use for shopping and some people use it as investment so we can says that bitcoin helping the poor country and people buy bitcoin with low price and then wait for higher price and when price go up then they sell it with high price .
unfortunately people in third world country don't have money to buy such thing,even they can't afford for a PC if they was really poor,$700 for a bitcoin just too high for people in 3rd world country,even though they can buy lower amount than a bitcoin but they will only get a small profit
hero member
Activity: 1302
Merit: 540
November 07, 2016, 01:15:32 AM
Bitcoin is just a currency and it can be use for shopping and some people use it as investment so we can says that bitcoin helping the poor country and people buy bitcoin with low price and then wait for higher price and when price go up then they sell it with high price .

When you're extremely poor buy Bitcoin with all your money and wait for your sum to increase (MAYBE) in a few months.... And expect a crash caused by events like Bitfinex which would make you 2 times more poor than you were before...great idea..
poor people have no money to invest and then wait for the price increase, therefore there are very little chance that they will lose any thing, they can jet get benefit from services, as if they have skill they can earn bitcoin using their skills.
exactly people who came across from third world country will look in any opportunity to gain btc i guess it can be a big help if a good heart
business tycoon will adopt btc as a mode of payment making it directly to any person who's residing in a poor nation so the more earnings
they can get the more money that they can exchange and use to their local stores and get good taxes for their government that's the help
that btc can possibly do make more jobs and create good business.
hero member
Activity: 588
Merit: 500
November 07, 2016, 12:53:10 AM
Bitcoin is just a currency and it can be use for shopping and some people use it as investment so we can says that bitcoin helping the poor country and people buy bitcoin with low price and then wait for higher price and when price go up then they sell it with high price .

When you're extremely poor buy Bitcoin with all your money and wait for your sum to increase (MAYBE) in a few months.... And expect a crash caused by events like Bitfinex which would make you 2 times more poor than you were before...great idea..
poor people have no money to invest and then wait for the price increase, therefore there are very little chance that they will lose any thing, they can jet get benefit from services, as if they have skill they can earn bitcoin using their skills.
hero member
Activity: 966
Merit: 517
November 06, 2016, 05:22:59 PM
Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 
But there are some poor countries where even the government is unable to provide internet connection to its citizens that is a big problem for the people for that issue if some bigger companies start to provide a network of internet to that nation in donation then they will be able to learn about bitcoin and will be a help to them from bitcoin.
legendary
Activity: 1134
Merit: 1598
November 06, 2016, 05:18:35 PM
Bitcoin is just a currency and it can be use for shopping and some people use it as investment so we can says that bitcoin helping the poor country and people buy bitcoin with low price and then wait for higher price and when price go up then they sell it with high price .

When you're extremely poor buy Bitcoin with all your money and wait for your sum to increase (MAYBE) in a few months.... And expect a crash caused by events like Bitfinex which would make you 2 times more poor than you were before...great idea..
hero member
Activity: 504
Merit: 500
November 06, 2016, 05:13:52 PM
Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 
yeah to help many people in a country to earn an income and job then you have to help the country in the economic field, and bitcoin probably going to make the country to escape poverty
hero member
Activity: 980
Merit: 523
November 06, 2016, 04:45:21 PM
Bitcoin is just a currency and it can be use for shopping and some people use it as investment so we can says that bitcoin helping the poor country and people buy bitcoin with low price and then wait for higher price and when price go up then they sell it with high price .
hero member
Activity: 896
Merit: 514
November 06, 2016, 01:31:21 PM
Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 
yeah there is maximum people are earning a huge profit from bitcoin and they get a big income from bitcoin with easily so we can say that bitcoin already help to poor countries or poor peoples by online tasks and bitcoin trading .
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 04, 2016, 11:46:44 PM
Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 
That is not the main reason I guess, only few are making income online because in poor countries only few know about bitcoin and we are talking here in general on how to help the poor countries and helping a little portion of their people is not an act of helping the whole country.
newbie
Activity: 56
Merit: 0
November 04, 2016, 10:22:39 PM
 Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 
hero member
Activity: 3080
Merit: 603
November 04, 2016, 07:39:00 PM
For some part it can help the bitcoin countries but for the most it will not help them at all to be honest because its something that can really boost up a economy, the economy of such countries is just so bad that it cannot be fixed by the bitcoin alone.

But how can it boost the economy of those poor countries if they can't even have help themselves from having its resources to be upgraded. Even though it is really true that bitcoin can help the poor countries. But they must find out first what are the basic things that must be focused before bitcoin is going to get into the action.
sr. member
Activity: 386
Merit: 250
November 04, 2016, 07:14:40 PM
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
bitcoin can help country , if most of the people in country use bitcoin
bitcoin will add their income can meet their needs
and bitcoin can reducing unemployment

exactly because first of all people from those country should be have high interest for bitcoin and this is necessary to do so but i'm highly doubt people who live in poor country could able to have internet connections because the main thing for using bitcoin is internet connection even i was heard at poor countries most people could not have fully access for electric power so this is could be serious problem and how could bitcoin help poor countries if there is no electric power or no internet connection i guess this is hard to realized


Not entire country might be facing the problem of electricity only interior parts and small villages will be facing that issue but bigger cities will have all the facilities but the main point is that who is going to make them aware about bitcoins and they won't start using it on their own unless someone shows them the path to earn it.
legendary
Activity: 1526
Merit: 1179
November 04, 2016, 06:36:14 PM
Yes obviously bitcoin could lift economy of one country because bitcoin allows user to earn money for free from internet and by mining. so if we calculate expenditure vs income graph then we will find that mining bitcoin is actually profitable.
Are you seriously saying that people in poor countries can earn money by mining Bitcoin?

These people have barely enough financial resources to feed themselves properly, so how do you expect them to get involved into Bitcoin mining?

The mining industry nowadays requires you to invest thousands of dollars into equipment where you continuously keep adding extra gear in order to not fall behind due to the constantly increasing difficulty.

From where do you think poor people will get the money to invest into the mining industry? It won't miraculously fall into their hands out of nothing.
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