Can Bitcoin help poor countries? - page 30.

Mr. Big

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Quote from: stomachgrowls on October 29, 2016, 08:36:53 AM

Bitcoin cant help poor countries literally because people would really prioritize to find money to buy their needs and shelter rather than putting up their interest and time into bitcoin and we all know that all people dont have knowledge about internet so this means they would really have a hard time to study on this.

Who knows, people nowadays are not into hunting jobs by walking and asking each establishment if there is a vacant job, instead they are looking at the internet...With few cents you could already browse and search...Learning computer now is not as hard during the early quarter of 90's that you need to enter command for it to function... Take note, even street children/beggars could now afford to browse in the internet cafe with few cents... Nothing's impossible as long as you know how to read and write and do the math...

stomachgrowls

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Bitcoin cant help poor countries literally because people would really prioritize to find money to buy their needs and shelter rather than putting up their interest and time into bitcoin and we all know that all people dont have knowledge about internet so this means they would really have a hard time to study on this.

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Quote from: eternalgloom on October 28, 2016, 12:35:34 PM

Quote from: Xenophoto on October 28, 2016, 09:57:30 AM

Quote from: 2double0 on October 28, 2016, 06:50:00 AM

Bitcoins can help poor countries if adopted there.
If poor people decide to get paid in bitcoins and suddenly the price gains some weight, then it will be the best decision made by them because this is not just one person, this is a country which is getting paid in bitcoins and the numbers will be big.

Even in big cities, bitcoin isn't used that much. Fiat is still the main currency. Even countries like USA, they mainly use fiat and bitcoin isn't used by everyone. How can you expect a whole country embrace the idea of bitcoin, especially a poor country? Some people in poor countries might not even afford to have an internet connection. It will require all of them to have their own smartphones in order to get paid in their jobs. It's a poor country, not everyone can afford smartphones.

I think it would be more likely for countries with a really open-minded, tech oriented government to try out Bitcoin as an actual currency.
I'm thinking about Iceland for example, where the Pirate Party has a pretty good chance of winning the elections.

BUT, I don't think even they would be switching any time soon...

So, what is the Pirate Party? Some digital movement/government?

Do you think they have a open mind to try something like that?

nikrobi

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Yes, because money helps all countries. But it's not the main problem. If they don't know how to manage the money, the things will continue bad for them. They must know how to spend their money to make it worthful. Bitcoin is helping me, a poor man, so it can help another poors too.

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I think it hurts charities, and more people are likely to be scammed since BTC is untraceable and people can pose as a charity

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Quote from: Caladonian on October 28, 2016, 12:41:36 PM

Quote from: Xenophoto on October 28, 2016, 09:57:30 AM

Quote from: 2double0 on October 28, 2016, 06:50:00 AM

Bitcoins can help poor countries if adopted there.
If poor people decide to get paid in bitcoins and suddenly the price gains some weight, then it will be the best decision made by them because this is not just one person, this is a country which is getting paid in bitcoins and the numbers will be big.

Even in big cities, bitcoin isn't used that much. Fiat is still the main currency. Even countries like USA, they mainly use fiat and bitcoin isn't used by everyone. How can you expect a whole country embrace the idea of bitcoin, especially a poor country? Some people in poor countries might not even afford to have an internet connection. It will require all of them to have their own smartphones in order to get paid in their jobs. It's a poor country, not everyone can afford smartphones.

thats the point if they can learn about btc possibility to uplift them will follow but since we are talking about poor country
it is harder for them to learn about it because technology wise they cant afford to have a quality one, even they have computers
but limitation with internet knowledge will be another concern.

Who said they can't afford to have updated with technology, It is just the matter of how the government is willing to take or use the opportunity that is offered by bitcoin technology. The problem why there is poor country is the corruption. If government change its ways and centered their effort in developing their people instead of corrupting on what is in their stash, they can have access to bitcoin. Poor country just need a drive and fund from their government to start benefiting from the profits and earning bitcoin is offering. And I believe that every country have the capability to acquire the latest technology if they want to.

apriloni

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Quote from: carlerha on October 28, 2016, 12:57:15 PM

Quote from: caxandra on October 15, 2016, 06:26:41 AM

I think bitcoin can help poor countries indirectly through offering investment options as well as a cheap method to transport money globally even when conducting worldwide transactions. it can also offer few earning options for the residents of poor countries.

but to me very little poor countries will have the facilities to use computers and specially internet, but if they do not have these facilities then they cannot get benefit from it, because with out computer and internet they cannot get benefit from it.

Yeah you are right that computer and internet is base of bitcoin because bitcoin is depend on computer and internet and there is a lot of people are using bitcoin and get maximum benefits form bitcoin and without internet bitcoin is unable to use.

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Quote from: caxandra on October 15, 2016, 06:26:41 AM

I think bitcoin can help poor countries indirectly through offering investment options as well as a cheap method to transport money globally even when conducting worldwide transactions. it can also offer few earning options for the residents of poor countries.

but to me very little poor countries will have the facilities to use computers and specially internet, but if they do not have these facilities then they cannot get benefit from it, because with out computer and internet they cannot get benefit from it.

Caladonian

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Quote from: Xenophoto on October 28, 2016, 09:57:30 AM

Quote from: 2double0 on October 28, 2016, 06:50:00 AM

Bitcoins can help poor countries if adopted there.
If poor people decide to get paid in bitcoins and suddenly the price gains some weight, then it will be the best decision made by them because this is not just one person, this is a country which is getting paid in bitcoins and the numbers will be big.

Even in big cities, bitcoin isn't used that much. Fiat is still the main currency. Even countries like USA, they mainly use fiat and bitcoin isn't used by everyone. How can you expect a whole country embrace the idea of bitcoin, especially a poor country? Some people in poor countries might not even afford to have an internet connection. It will require all of them to have their own smartphones in order to get paid in their jobs. It's a poor country, not everyone can afford smartphones.

thats the point if they can learn about btc possibility to uplift them will follow but since we are talking about poor country
it is harder for them to learn about it because technology wise they cant afford to have a quality one, even they have computers
but limitation with internet knowledge will be another concern.

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Quote from: mastica on October 28, 2016, 09:42:55 AM

Bitcoin itself cant change the economy of one country but can help the people which live into it to get a better life, and crypto world is allowing anybody to earn some extra money, sure may not let you rich, but people which survive with 1 dollar daily will be able to double if not more their income.

I think that bitcoin can help a poor country, however, bitcoin will begin repairing the country through its people. I believe that when a society aware of the potential bitcoin, then they might start looking for bitcoin, and began to develop the potential of bitcoin to be better. when it happens, I think the community will make the country better

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Quote from: Xenophoto on October 28, 2016, 09:57:30 AM

Quote from: 2double0 on October 28, 2016, 06:50:00 AM

Bitcoins can help poor countries if adopted there.
If poor people decide to get paid in bitcoins and suddenly the price gains some weight, then it will be the best decision made by them because this is not just one person, this is a country which is getting paid in bitcoins and the numbers will be big.

Even in big cities, bitcoin isn't used that much. Fiat is still the main currency. Even countries like USA, they mainly use fiat and bitcoin isn't used by everyone. How can you expect a whole country embrace the idea of bitcoin, especially a poor country? Some people in poor countries might not even afford to have an internet connection. It will require all of them to have their own smartphones in order to get paid in their jobs. It's a poor country, not everyone can afford smartphones.

I think it would be more likely for countries with a really open-minded, tech oriented government to try out Bitcoin as an actual currency.
I'm thinking about Iceland for example, where the Pirate Party has a pretty good chance of winning the elections.

BUT, I don't think even they would be switching any time soon...

Xenophoto

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Quote from: 2double0 on October 28, 2016, 06:50:00 AM

Bitcoins can help poor countries if adopted there.
If poor people decide to get paid in bitcoins and suddenly the price gains some weight, then it will be the best decision made by them because this is not just one person, this is a country which is getting paid in bitcoins and the numbers will be big.

Even in big cities, bitcoin isn't used that much. Fiat is still the main currency. Even countries like USA, they mainly use fiat and bitcoin isn't used by everyone. How can you expect a whole country embrace the idea of bitcoin, especially a poor country? Some people in poor countries might not even afford to have an internet connection. It will require all of them to have their own smartphones in order to get paid in their jobs. It's a poor country, not everyone can afford smartphones.

mastica

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Bitcoin itself cant change the economy of one country but can help the people which live into it to get a better life, and crypto world is allowing anybody to earn some extra money, sure may not let you rich, but people which survive with 1 dollar daily will be able to double if not more their income.

Daniel91

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Quote from: requester on October 28, 2016, 09:30:49 AM

Yes definitely because bitcoin provides us opportunity to earn money (I mean real money indirectly) for free. what we all need is a mining system or a smartphone with good internet connection that's it. then its upto the user how he use and what trick he use to earn bitcoin for free. but obviously to earn money he should do something and he should have some talent.

Bitcoin provides opportunity to earn money only to the people with some basic conditions: Internet, computer or smartphone, electricity, money to pay for this devices, they must know how to write or read etc.
In many parts of Africa or Asia people don't meet this basic conditions.
So, in reality, Bitcoin can't help poor countries or poor people?
Many of them are hungry and starving.
So, they first need aid in food and some education.
After that, they need jobs.
Bitcoin is on the end of this list.

requester

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Yes definitely because bitcoin provides us opportunity to earn money (I mean real money indirectly) for free. what we all need is a mining system or a smartphone with good internet connection that's it. then its upto the user how he use and what trick he use to earn bitcoin for free. but obviously to earn money he should do something and he should have some talent.

2double0

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Bitcoins can help poor countries if adopted there.
If poor people decide to get paid in bitcoins and suddenly the price gains some weight, then it will be the best decision made by them because this is not just one person, this is a country which is getting paid in bitcoins and the numbers will be big.

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Quote from: kryptqnick on October 27, 2016, 01:43:28 PM

Quote from: Senor.Bla on October 27, 2016, 12:59:38 PM

Quote from: Betwrong on October 27, 2016, 05:43:58 AM

Quote from: subham1 on October 25, 2016, 01:26:26 PM

Quote from: lOvE mE forEvEr on October 25, 2016, 08:27:27 AM

I'm from a poor country and Bitcoin helps me, does that count? Other alt coins help me too, and my family.
Bitcoin is money and money is almighty.

I dont know how bitcoin helps you,but yes bitcoin can certainly help many indiviaduals,providing cheap and quick online transactions or even providing some earning oportunities online as well.

Exactly this. Transactions with Bitcoins not only cheap, they almost nothing compared to Western Union for example. And they are really fast, you just have to include the recommended transaction fee which right now is just 0.0002 or $0.14.

we are talking about the same thing (transaction fees), but from different viewpoints. because i think bitcoin is not cheap. i if use wire transfer with my bank i pay NOTHING for it and it is not slow. did it yesterday and the money was in under 1 hour transferred. no need for confirmations either.
if i pay $0.14 everyday this sums up in a month to $4.20 or $50 in a year.

Okay, we may say it is not that cheap. However, I think that $50 in a yearis that money you don't even notice. You may just uy a bit more or a bit less food and that's it. Oh, and I wanted to ask how much you spent on your bitcoin wallet and on your credit card? For me btc wallet is free whereas a usd card will cost about 10$ per month at least.

the title of the thread is "Can Bitcoin help poor countries?" and you write that "$50 ... is money you don't even notice". i tend to disagree, but gladly send you my bitcoin address so you can prove your point by sending me some amount of bitcoin that you don't even notice missing.
to ask how much i pay for my credit card is not fair, since most people will pay for it for some reason. i do not have to pay for it and since i got my card as part of a promotion campaign by the credit card company i even got some money for it.

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Quote from: madwica on October 27, 2016, 09:38:28 PM

Quote from: Lone Shark on October 27, 2016, 09:26:30 PM

Bitcoin has an ability to help poor people like bitcoin give a platform to people to earn some money, it's up to the people how much they make from Bitcoin and if you are talking about a whole country, then it 's hard because bitcoin is not an NGO that will give people free money. Bitcoin is for those who are hard working.

It has ability but you need to considered if the people there is can afford to buy gadgets to access bitcoin which is people there much prefer to buy foods and clothes than buying gadgets also they need to have internet connection.

They can't even be a main source on income for people and you think that they can make lives of poor people better? Maybe if they earn .2 BTC a day they can but I don't know anything on the internet that can make me earn that much. Also they will need to spend more in order to earn less because they need to buy internet and at least phones to use to see if there is something to earn online.

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Quote from: ajun96 on October 27, 2016, 07:11:06 PM

Quote from: cjmoles on October 27, 2016, 06:45:58 PM

Quote from: lOvE mE forEvEr on October 25, 2016, 08:27:27 AM

I'm from a poor country and Bitcoin helps me, does that count? Other alt coins help me too, and my family.
Bitcoin is money and money is almighty.

It would be interesting to hear your story. How does bitcoin help you? How do you use it? What is it about bitcoin that makes providing for your family easier? Is it the fact that you can earn some easily on the internet, or does it open new avenues for you to take advantage of opportunities that weren't available to you before? Tell your story.

bitcoin certainly helped in terms of finance and economics dude? what do you help someone out of poverty or poor, of course with money right ? you know there are many people who become rich and large profits from bitcoin
so why not? use bitcoin to help you get out of poverty?

Yes that is possible and it is really, but the main reason why does countries are very poor because they are lack of innovation to their country. Even though bitcoin is ready to give them good help with their finance and economics, but the facilities are needing to be upgraded first and as well as educate the people before the implementation.

madwica

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Quote from: Lone Shark on October 27, 2016, 09:26:30 PM

Bitcoin has an ability to help poor people like bitcoin give a platform to people to earn some money, it's up to the people how much they make from Bitcoin and if you are talking about a whole country, then it 's hard because bitcoin is not an NGO that will give people free money. Bitcoin is for those who are hard working.

It has ability but you need to considered if the people there is can afford to buy gadgets to access bitcoin which is people there much prefer to buy foods and clothes than buying gadgets also they need to have internet connection.

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