Can Bitcoin help poor countries? - page 32.

genos

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Quote from: cjmoles on October 26, 2016, 06:45:52 PM

Quote from: prabowo96 on August 31, 2016, 10:59:24 PM

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin opens up the market place to regions which are otherwise excluded due to their lack of stable banking infrastructures. It provides a cheap access point for those with limited assets. And it provides a means for those with non-centralized identification processes to establish a working transactional reputation without the interference of strenuous bureaucratic regulations.

Bitcoin can be second resources for them, if the people of poor country can get extra income, they will not have difficulty to fulfil their daily need. What they only need is internet connection and hard ware to earning bitcoin. litle by litle the economy condition of the country will going to be better. And I agree with you that they can free working from strenuous bureaucratic regulation.

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Quote from: abel1337 on October 26, 2016, 08:30:39 PM

I think bitcoin will not help a country to improve. But Poor peoples maybe can. I am a normal living person in my country but bitcoin helps me alot. The problem is just ibternet connection it is limited in our country. And poor peoples here are not having their internet connection because its limited and they dont have the idea of bitcoin

This is a normal situation in places strucked by poverty... Poor internet connection, Higher cost of education and lesser opportunity after graduate... But anyway, poor people need basic knowledge about computer, that is the "key", so they could use bitcoin, and if they are willing to earn start working for it... So, they should take advantage of free vocational courses and free trainings about computer offered at those countries, that's the only way they could be helped by bitcoin...

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I think bitcoin will not help a country to improve. But Poor peoples maybe can. I am a normal living person in my country but bitcoin helps me alot. The problem is just ibternet connection it is limited in our country. And poor peoples here are not having their internet connection because its limited and they dont have the idea of bitcoin

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Quote from: dotajhay on October 26, 2016, 01:37:28 AM

Quote from: Mr. Big on October 24, 2016, 09:15:56 PM

Quote from: dotajhay on October 24, 2016, 08:36:32 PM

Bitcoin can't help poor country but it can help poor people by donation of the bitcoin users who wants to help and can help to reduce corruption from the government but it can't help the economy of the country maybe the people in the country will get help but not the whole country.

There is always what we call the "chain effect" in that... If people at poor countries got employed and earn bitcoin for themselves ( if they have knowledge about it ) then they are not the liability of their government anymore...

Now, if those poor people use their bitcoin (convert it to fiat) to buy their food and anything, then definitely they are paying tax at that poor country, when those poor people use services at that poor country, definitely they are paying tax...

If half the number of those poor unemployed people earn and pay tax, then definitely there is a great effect in their economy.. There's a lot of big explanation to that, it would take us a day...

I agree to your explanation but i really mean is the government will not approve here if they will make the bitcoin is the currency in the stores that need to pay tax because bitcoin has no tax in paying and the corrupt government official will not help people about earning in bitcoins like television media i will never see the media reported about bitcoins in television.

Well guys, you know the truth... Always have a way to help the poor countries, the problem is the rich people that don't give a fuck...
Maybe blockchain can find a way to give more power to the people, I saw a project called Bitland, is something about register your land on blockchain, so none(corrupt governments, etc) can steal it from you...

The problem in the world is the power of the government.

cjmoles

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Quote from: prabowo96 on August 31, 2016, 10:59:24 PM

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin opens up the market place to regions which are otherwise excluded due to their lack of stable banking infrastructures. It provides a cheap access point for those with limited assets. And it provides a means for those with non-centralized identification processes to establish a working transactional reputation without the interference of strenuous bureaucratic regulations.

iqlimasyadiqa

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Quote from: Maxsumi on October 26, 2016, 02:41:33 AM

Poor countrys cant be helped by the bitcoin and that is only because lot of peopel are not getting much from the bitcoin and that is just because they are not able to buy bitcoins so how is he able to help them in that poor country.

you thought wrong. poor countries with very low employment can be helped by bitcoin. they can use bitcoin as a medium of payment services online jobs. it is a point of excellence bitcoin.

The_Turing_Trust

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OP, we're a small UK based charity that repairs and reuses IT equipment which is then used in schools in Africa. We started accepting bitcoin donations in March this year and also accept Litecoin. If you are interested in our work you can find our donations page here:

http://turingtrust.co.uk/donate-3/

Jessica136

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I think Bitcoin cant help individually but can help to grow economics of a country. if more and more people will use bitcoin for obvious it will change the economy of a country.

When I was searching about use of Bitcoin related topic, I found this from quora. Please have a look on the below link:

https://www.quora.com/How-can-Bitcoin-help-the-developing-world.

I think some how you will get some answer.

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Quote from: chineseprancing on October 25, 2016, 10:25:30 PM

Not only the internet connection is their problem if those poor people can not afford to buy gadgets to access bitcoin i think bitcoin can not help them and mostly of the poor people are prefer to buy foods than gadgets.

People living in third world countries are a different category as their one and only priority is food. If you see in what kind of conditions they are living, what things they own, then it's obvious that they will not have some sort of smartphone where they can do their thing on. On top of that there is also an internet connection needed. All with all, nearly impossible.

That's however not the case for people living in second world countries. These people mostly have a smartphone, or they can at least visit an internet cafe when needed. Individually, these people can make some extra dollars with Bitcoin, but that would be it. It won't be anything significant to a level where you can say it's helping them big time. Bitcoin can't do miracles.

Maxsumi

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Quote from: ~Bitcoin~ on September 01, 2016, 02:07:18 AM

Poor countries need a very optimistic government towards new tech so that they can embrace bitcoin like tecnology and support mining bitcoin to generate free foreign currency which they can use to increase their USD holdings to become stronger economically. But most of the poor countries are poor due to corrupt political system and political unsatability and they don't have enough time to consider and learn about bitcoin.

Poor countrys does need an optimistic goverment to award new tech and that is not going to happen because poor countrys are not poor only the people who live over
there are poor the bosses let i say that way are making much money.

Lesterexon

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Bitcoins cant help them because they are not even able to buy food or clothes how are they able to deal with the bitcoin and that is not even the biggest problem how
do you think that the bitcoin is going to save that peopel?

Maxsumi

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Poor countrys cant be helped by the bitcoin and that is only because lot of peopel are not getting much from the bitcoin and that is just because they are not able to buy bitcoins so how is he able to help them in that poor country.

Gliassa

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Ï dont think that the peoople in the poor country can be helped by the bitcoin because i know for sure that alllot of people in that poor countrys cantget a bitcoin
because they are to poor and that is the reason he cant help them.

Hilat

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I dont think that they can help poor countrys because how are the people in that country suposed to buy the bitcoins and if they cant buy bitcoins how will the bitcoin
help them in a further way i dont think this is true !

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Quote from: dotajhay on October 26, 2016, 01:37:28 AM

Quote from: Mr. Big on October 24, 2016, 09:15:56 PM

Quote from: dotajhay on October 24, 2016, 08:36:32 PM

Bitcoin can't help poor country but it can help poor people by donation of the bitcoin users who wants to help and can help to reduce corruption from the government but it can't help the economy of the country maybe the people in the country will get help but not the whole country.

There is always what we call the "chain effect" in that... If people at poor countries got employed and earn bitcoin for themselves ( if they have knowledge about it ) then they are not the liability of their government anymore...

Now, if those poor people use their bitcoin (convert it to fiat) to buy their food and anything, then definitely they are paying tax at that poor country, when those poor people use services at that poor country, definitely they are paying tax...

If half the number of those poor unemployed people earn and pay tax, then definitely there is a great effect in their economy.. There's a lot of big explanation to that, it would take us a day...

I agree to your explanation but i really mean is the government will not approve here if they will make the bitcoin is the currency in the stores that need to pay tax because bitcoin has no tax in paying and the corrupt government official will not help people about earning in bitcoins like television media i will never see the media reported about bitcoins in television.

The feature of bitcoin does not feet the system of our government therefore it's hard to consolidate bitcoin in a business in the physical world. And since the topic is to help the poor, I do not think most of the poor people will ever care to use technology when their main concern is food.

dotajhay

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Quote from: Mr. Big on October 24, 2016, 09:15:56 PM

Quote from: dotajhay on October 24, 2016, 08:36:32 PM

Bitcoin can't help poor country but it can help poor people by donation of the bitcoin users who wants to help and can help to reduce corruption from the government but it can't help the economy of the country maybe the people in the country will get help but not the whole country.

There is always what we call the "chain effect" in that... If people at poor countries got employed and earn bitcoin for themselves ( if they have knowledge about it ) then they are not the liability of their government anymore...

Now, if those poor people use their bitcoin (convert it to fiat) to buy their food and anything, then definitely they are paying tax at that poor country, when those poor people use services at that poor country, definitely they are paying tax...

If half the number of those poor unemployed people earn and pay tax, then definitely there is a great effect in their economy.. There's a lot of big explanation to that, it would take us a day...

I agree to your explanation but i really mean is the government will not approve here if they will make the bitcoin is the currency in the stores that need to pay tax because bitcoin has no tax in paying and the corrupt government official will not help people about earning in bitcoins like television media i will never see the media reported about bitcoins in television.

wahb

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yes bitcoin can really help poor people, but if they have the facilities of computer and internet, then bitcoin can really helpful for them to get some good money.

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Quote from: Doms on October 25, 2016, 08:53:15 PM

If the poor countries can have the infrastructure to help the people have access to the internet for free, then bitcoin can surely help them one way or another. It is not only about earning it but having the power of being untied with the government or a banking institution to do their transactions. But it is still up to the individual, be him rich or poor or middle class on how he can benefit from such a technology like bitcoin.

Government would surely need huge funds with that in terms of building infrastructure regarding that they could able to engage to bitcoin but as we all know on poor countries government would really prioritize first the needs like food,shelter and other means compare on building on those tech stuffs just to let them involve to bitcoin. THats what make it hard.

chineseprancing

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Quote from: Doms on October 25, 2016, 08:53:15 PM

If the poor countries can have the infrastructure to help the people have access to the internet for free, then bitcoin can surely help them one way or another. It is not only about earning it but having the power of being untied with the government or a banking institution to do their transactions. But it is still up to the individual, be him rich or poor or middle class on how he can benefit from such a technology like bitcoin.

Not only the internet connection is their problem if those poor people can not afford to buy gadgets to access bitcoin i think bitcoin can not help them and mostly of the poor people are prefer to buy foods than gadgets.

Doms

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If the poor countries can have the infrastructure to help the people have access to the internet for free, then bitcoin can surely help them one way or another. It is not only about earning it but having the power of being untied with the government or a banking institution to do their transactions. But it is still up to the individual, be him rich or poor or middle class on how he can benefit from such a technology like bitcoin.

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