Can Bitcoin help poor countries? - page 3.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: FLoving on December 09, 2016, 03:02:33 PM

Quote from: hulla on December 09, 2016, 02:36:43 PM

Quote from: brian_23452 on December 09, 2016, 08:50:28 AM

in my own opinion i really don't think it can help the poor country because this is not just the normal currency they know and most of them are not computer literate so it will be very difficult for them to understand you maybe for those who will want to learn about bitcoin.

I disagree with you mate cos almost every individual in the poor countries will love to try new thing which will bring them money. Though, it won't be easy to teach them how to operate a computer but the thirst of survive will make them break through.

But according to brian the poor people are not in the position that they afford computer so they are not able to access the computer. The thirst is from the beginning in their hearts to earn money to survive but they need someone support to get access to computer and internet connection.

However the poor countries are poor since they lack basic necessities of life. They need to learn and earn fiat first before they can survive. Survival is more important for them than buying a PC/Smartphone with internet to get bitcoin access. If bitcoin mining is profitable in some countries then surely it can help, otherwise it can just change the economy of an entire nation so easily.

FLoving

hero member

Activity: 1022

Merit: 521

Quote from: hulla on December 09, 2016, 02:36:43 PM

Quote from: brian_23452 on December 09, 2016, 08:50:28 AM

in my own opinion i really don't think it can help the poor country because this is not just the normal currency they know and most of them are not computer literate so it will be very difficult for them to understand you maybe for those who will want to learn about bitcoin.

I disagree with you mate cos almost every individual in the poor countries will love to try new thing which will bring them money. Though, it won't be easy to teach them how to operate a computer but the thirst of survive will make them break through.

But according to brian the poor people are not in the position that they afford computer so they are not able to access the computer. The thirst is from the beginning in their hearts to earn money to survive but they need someone support to get access to computer and internet connection.

adidas

sr. member

Activity: 448

Merit: 250

Americans do it better

If these poor countries as really poor then those people can not access bitcoin because they would need internet access to do that and a device to do that ain't free last time I checked.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: crairezx20 on December 09, 2016, 12:54:52 PM

Quote from: Senor.Bla on December 09, 2016, 12:41:39 PM

Quote from: eternalgloom on December 09, 2016, 12:17:05 PM

Quote from: mirakal on December 04, 2016, 08:57:24 PM

Quote from: Herbet Fry on December 04, 2016, 07:44:35 PM

Depends how poor. If so poor they cannot afford a phone then no. If one person fpr every few has a phone they can share then maybe bitcoin can help them.

Bitcoin is definitely not created for the poor ones, the fact that it's online and most of the poor people are computer illiterate so that would make them hard to adopt with bitcoin. It's a currency and the only benefit they might enjoy is the low transaction fees, however for now bitcoin is not so popular as an alternative remittance to help the poor.

That's a very short sighted answer in my opinion, not all poor people are computer illiterate.
And also, you have people working a full time job who are still considered poor, for them Bitcoin could be useful. Not only to make more money, but also to send money cheaply.

thank you. i totally agree with you and hate to read here how all poor people are illiterate and unable just because they are poor. also poor does not mean that you live naked in caves or on the street like some here think. bitcoin can help people. poor and rich. but not all of them.

They are both can help but i think it is depends in those people who are knows how to use computers.. if poor people are willing to have a support of bitcoin they are need to learn even ho to setup mining bitcoin like other said they are still need to build a miner and free electricity like solar that it can help almost all poor people until they can scaling up buy more miner and start mining again until they can mine that can satisfied your country to feed them..

there are other ways to earn money or save money with bitcoin then mining. in fact i think mining is not the best help for poor people, since you need money first to buy the equipment and mining is not profitable to all anyway.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: brian_23452 on December 09, 2016, 08:50:28 AM

in my own opinion i really don't think it can help the poor country because this is not just the normal currency they know and most of them are not computer literate so it will be very difficult for them to understand you maybe for those who will want to learn about bitcoin.

I disagree with you mate cos almost every individual in the poor countries will love to try new thing which will bring them money. Though, it won't be easy to teach them how to operate a computer but the thirst of survive will make them break through.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: Rinder on December 09, 2016, 01:52:18 PM

I dont know if at the current moment build a mining farm will still be profitable, but maybe should, if some contrie does invest into those and use the money to upgrade their country, i mean better education, more works, those things, its possible bitcoin make a huge impact at those countries, since i believe the energy is very cheap, just need to be stable to dont burn the miners. But this is something countries wont make, atleas if are making its hiden, otherwise it could damage the bitcoin instead be used for good purposes.

Yes I consider energy as a cheap utility, but the quantity of Hitcoin being mined is less than the price of the current electricity bill of many people, meaning they actually incur a loss not a gain. Also a government would not even consider going with a bitcoin kind of investment as they won't have any people who will accept it in return.

Rinder

hero member

Activity: 868

Merit: 500

I dont know if at the current moment build a mining farm will still be profitable, but maybe should, if some contrie does invest into those and use the money to upgrade their country, i mean better education, more works, those things, its possible bitcoin make a huge impact at those countries, since i believe the energy is very cheap, just need to be stable to dont burn the miners. But this is something countries wont make, atleas if are making its hiden, otherwise it could damage the bitcoin instead be used for good purposes.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: coolcoinz on December 05, 2016, 01:05:56 PM

Quote from: mirakal on December 04, 2016, 08:57:24 PM

Quote from: Herbet Fry on December 04, 2016, 07:44:35 PM

Depends how poor. If so poor they cannot afford a phone then no. If one person fpr every few has a phone they can share then maybe bitcoin can help them.

Bitcoin is definitely not created for the poor ones, the fact that it's online and most of the poor people are computer illiterate so that would make them hard to adopt with bitcoin. It's a currency and the only benefit they might enjoy is the low transaction fees, however for now bitcoin is not so popular as an alternative remittance to help the poor.

Bitcoin doesn't have to be used by those illiterate poor people directly. If you spend your coins on building a hospital or a school we could say that bitcoin has helped the poor, right?
If smart bitcoiners start getting involved in charity, but not by giving them coins directly, but organizing courses to teach them hygiene and other useful things it will change their lives.

I agree, it is more on how one person use his bitcoin. Like for example, if I am one of the early supporter and got myself a million bitcoins, and use them to build infrastructure in rural areas like schools, hospitals and roads, it will definitely help that poor area and will give the populace in that are a better way of living. Now if the government decided to acquire bitcoin and use the profit from it to build and develop every rural place in their country and put up a company to give the natives work and earn money, then it can really help this poor people live a comfortable life.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: Senor.Bla on December 09, 2016, 12:41:39 PM

Quote from: eternalgloom on December 09, 2016, 12:17:05 PM

Quote from: mirakal on December 04, 2016, 08:57:24 PM

Quote from: Herbet Fry on December 04, 2016, 07:44:35 PM

Depends how poor. If so poor they cannot afford a phone then no. If one person fpr every few has a phone they can share then maybe bitcoin can help them.

Bitcoin is definitely not created for the poor ones, the fact that it's online and most of the poor people are computer illiterate so that would make them hard to adopt with bitcoin. It's a currency and the only benefit they might enjoy is the low transaction fees, however for now bitcoin is not so popular as an alternative remittance to help the poor.

That's a very short sighted answer in my opinion, not all poor people are computer illiterate.
And also, you have people working a full time job who are still considered poor, for them Bitcoin could be useful. Not only to make more money, but also to send money cheaply.

thank you. i totally agree with you and hate to read here how all poor people are illiterate and unable just because they are poor. also poor does not mean that you live naked in caves or on the street like some here think. bitcoin can help people. poor and rich. but not all of them.

They are both can help but i think it is depends in those people who are knows how to use computers.. if poor people are willing to have a support of bitcoin they are need to learn even ho to setup mining bitcoin like other said they are still need to build a miner and free electricity like solar that it can help almost all poor people until they can scaling up buy more miner and start mining again until they can mine that can satisfied your country to feed them..

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: eternalgloom on December 09, 2016, 12:17:05 PM

Quote from: mirakal on December 04, 2016, 08:57:24 PM

Quote from: Herbet Fry on December 04, 2016, 07:44:35 PM

Depends how poor. If so poor they cannot afford a phone then no. If one person fpr every few has a phone they can share then maybe bitcoin can help them.

Bitcoin is definitely not created for the poor ones, the fact that it's online and most of the poor people are computer illiterate so that would make them hard to adopt with bitcoin. It's a currency and the only benefit they might enjoy is the low transaction fees, however for now bitcoin is not so popular as an alternative remittance to help the poor.

That's a very short sighted answer in my opinion, not all poor people are computer illiterate.
And also, you have people working a full time job who are still considered poor, for them Bitcoin could be useful. Not only to make more money, but also to send money cheaply.

thank you. i totally agree with you and hate to read here how all poor people are illiterate and unable just because they are poor. also poor does not mean that you live naked in caves or on the street like some here think. bitcoin can help people. poor and rich. but not all of them.

BigBos

sr. member

Activity: 1974

Merit: 450

Quote from: eternalgloom on December 09, 2016, 12:17:05 PM

Quote from: mirakal on December 04, 2016, 08:57:24 PM

Quote from: Herbet Fry on December 04, 2016, 07:44:35 PM

Depends how poor. If so poor they cannot afford a phone then no. If one person fpr every few has a phone they can share then maybe bitcoin can help them.

Bitcoin is definitely not created for the poor ones, the fact that it's online and most of the poor people are computer illiterate so that would make them hard to adopt with bitcoin. It's a currency and the only benefit they might enjoy is the low transaction fees, however for now bitcoin is not so popular as an alternative remittance to help the poor.

That's a very short sighted answer in my opinion, not all poor people are computer illiterate.
And also, you have people working a full time job who are still considered poor, for them Bitcoin could be useful. Not only to make more money, but also to send money cheaply.

Well, if bitcoin can be used optimally by the state, I think it could happen. Well, bitcoin could help poor countries, especially about the transaction and money. Well, bitcoin can be used for transactions and as a means of livelihood. if a country has a lot of unemployment, then, bitcoin can help it.

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: mirakal on December 04, 2016, 08:57:24 PM

Quote from: Herbet Fry on December 04, 2016, 07:44:35 PM

Depends how poor. If so poor they cannot afford a phone then no. If one person fpr every few has a phone they can share then maybe bitcoin can help them.

Bitcoin is definitely not created for the poor ones, the fact that it's online and most of the poor people are computer illiterate so that would make them hard to adopt with bitcoin. It's a currency and the only benefit they might enjoy is the low transaction fees, however for now bitcoin is not so popular as an alternative remittance to help the poor.

That's a very short sighted answer in my opinion, not all poor people are computer illiterate.
And also, you have people working a full time job who are still considered poor, for them Bitcoin could be useful. Not only to make more money, but also to send money cheaply.

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: Evansloin on December 09, 2016, 11:38:04 AM

Quote from: Carlsen on December 09, 2016, 11:29:18 AM

I think that it can help, but not in a big matter.
I see the option that relatives in who have managed to live in richer countries can send money to people in poorer countries, even if those do not have a bank account.
Of course, the poorer people would have to know how to handle bitcoins, have a computer and internet, and I think that will often not be the case.
So the realistic chances that bitcoin can make a change there are small.

I do not think that it can really help poor countries because of the fact it will not changer their economy.

If they poor countries are knows about bitcoin well for me we do not know if it can be help poor countries..
Because they are not aware about latest or any advance knowledge about crypt currency unless if they can afford to buy a miner and invest every time the miner earned..with a support of government since we are not tested it yet maybe in the future we can see the result if bitcoin can help poor countries.

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Quote from: Red Fish on December 09, 2016, 10:51:03 AM

Don't think so. For example how Bitcoin can help to India or Nepal, where people do not use computer. The same is in various Africa countries. Bitcoin can help, if there are a lot of computers, but in poor countries, it is not expected.

Yes because bitcoin is just a medium, It can't help anyone unless someone uses it to.

For example us, Because of bitcoins we have an online job here that helps us financially, But it's not entirely bitcoins fault because we ourselves, just took

advantage of it, We use it. So definitely bitcoin can help this poor countries who doesn't know how to use the internet if somebody will use it to help.

Evansloin

member

Activity: 87

Merit: 10

Quote from: Carlsen on December 09, 2016, 11:29:18 AM

I think that it can help, but not in a big matter.
I see the option that relatives in who have managed to live in richer countries can send money to people in poorer countries, even if those do not have a bank account.
Of course, the poorer people would have to know how to handle bitcoins, have a computer and internet, and I think that will often not be the case.
So the realistic chances that bitcoin can make a change there are small.

I do not think that it can really help poor countries because of the fact it will not changer their economy.

Carlsen

hero member

Activity: 910

Merit: 501

I think that it can help, but not in a big matter.
I see the option that relatives in who have managed to live in richer countries can send money to people in poorer countries, even if those do not have a bank account.
Of course, the poorer people would have to know how to handle bitcoins, have a computer and internet, and I think that will often not be the case.
So the realistic chances that bitcoin can make a change there are small.

Red Fish

sr. member

Activity: 435

Merit: 251

Don't think so. For example how Bitcoin can help to India or Nepal, where people do not use computer. The same is in various Africa countries. Bitcoin can help, if there are a lot of computers, but in poor countries, it is not expected.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: brian_23452 on December 09, 2016, 08:50:28 AM

in my own opinion i really don't think it can help the poor country because this is not just the normal currency they know and most of them are not computer literate so it will be very difficult for them to understand you maybe for those who will want to learn about bitcoin.

On country level Bitcoin can't do anything without governments cooperating in one way or another. I think that's something we should stop looking at.

Governments in poor countries are not looking to make people independent as they thrive on keeping people live in poverty for decades now. Nothing can change that.

It's wishful thinking when you think that a major group of people will grab Bitcoin as an opportunity to move forward. If Bitcoin will help out people, then it will be on an individual basis.

brian_23452

sr. member

Activity: 350

Merit: 250

in my own opinion i really don't think it can help the poor country because this is not just the normal currency they know and most of them are not computer literate so it will be very difficult for them to understand you maybe for those who will want to learn about bitcoin.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: sherbaz07 on December 07, 2016, 01:42:51 PM

it can help individuals but for a country which is poor there will be no facilities or support for bitcoin to grow

it should be everyone did. everyone must work together to provide the best service.
we have donated resources to the advancement of our country. one is to develop a better bitcoin again.

Topic: Can Bitcoin help poor countries? - page 3. (Read 73851 times)