Can Bitcoin help poor countries? - page 35.

Mr. Big

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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...

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Quote from: jonpande on October 24, 2016, 04:23:28 PM

I think Bitcoin can not help the poor countries because poor countries do not have the facilities available to them, they can not even trade bitcoin because they do not have a good internet penetration rate.

Well this is the main reason why I am saying that bitcoin can't help the poor countries, unless they are going to invest with computers and other facilities needed for their people to work for bitcoin. But I am very doubtful that if we are going to place these computers in the depressed areas in Africa, people there must be trained first on how to use computers.

You don't need a computer. All you need is a cellphone and a service plan. Most of the internet connection in the better countries of africa are from cellphones. Only some are desktops and laptops. It is perfectly possible for poor countries to benefit greatly from bitcoin. They can work online from anywhere in the world doing whatever they want and getting paid in bitcoin in minutes.

dotajhay

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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.

jonpande

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I think Bitcoin can not help the poor countries because poor countries do not have the facilities available to them, they can not even trade bitcoin because they do not have a good internet penetration rate.

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Quote from: Hedrilin on October 24, 2016, 02:32:05 AM

I dont think that the bitcoin canhelp poor countrys how do you think that tht bitcoin can help them because they cant even buy just a coin because they are to poor in that kind of countrys you know. You are not able to help poor countrys withthe bitcoin.,

No, I disagree with you because buying bitcoin is not what we mean by making money through bitcoin or bitcoin helping the poor countries. There are many hardworking people in the poor countries and they can work very well for which they can be paid with bitcoin, so you see in this regard bitcoin will help them.

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Quote from: Ethalir on October 24, 2016, 09:26:13 AM

How do you all think tha the poor countrys are going to survive the bitcoin id ont think the bitcoin can help them becuase the bitcoin is to much worth they are not even able to buy a bitcoin how
will the bitcoin help them?

there are many ways to earn bitcoin and there's many option that can help them, this currency have more feature they just needed to learned more about it and they can change the life.

Ethalir

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How do you all think tha the poor countrys are going to survive the bitcoin id ont think the bitcoin can help them becuase the bitcoin is to much worth they are not even able to buy a bitcoin how
will the bitcoin help them?

sotoshihero

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Bitcoin is a great help in poor countries if they have access to internet. Access to internet is very important in order for them to utilize the opportunities which bitcoin may bring. We know that bitcoin has bigger values now,if they can join in a campaign,its a big help for them.

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Quote from: xSkylarx on October 24, 2016, 08:32:41 AM

If they are aware of it and know how to use it then it could really help them in many ways. The only problem is if there is a way to convert it to fiat in there country. Unless it would be useless because only selected stores only accepts bitcoin for now.

It's true friend. Bitcoin would greatly help all the poor countries, because the bitcoin can be accessed anywhere as long as they have internet and network devices to connect to the internet. In addition they should also know well about the bitcoin, so they will be able to easily get a bitcoin and ultimately will help their economy. This is something which does not get used or worn by an existing currency

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Quote from: Hedrilin on October 24, 2016, 02:32:05 AM

I dont think that the bitcoin canhelp poor countrys how do you think that tht bitcoin can help them because they cant even buy just a coin because they are to poor in that kind of countrys you know. You are not able to help poor countrys withthe bitcoin.,

You do really have a point, bitcoin couldnt able to help poor countries on poor people unless if they are aware on bitcoins existence but it would be hard hence there are most people dont have even decent houses how much more on having a pc with internet connection. They would surely buy first the needs rather than selecting on engaging to bitcoin.

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i dont think that the poor countrys can be holpen by the bitcoin because i know for sure that allot of people dont want to use the bitcoiin in poor countrys because
they dont have the money to buy them.

xSkylarx

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If they are aware of it and know how to use it then it could really help them in many ways. The only problem is if there is a way to convert it to fiat in there country. Unless it would be useless because only selected stores only accepts bitcoin for now.

Hedrilin

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I dont think that the bitcoin canhelp poor countrys how do you think that tht bitcoin can help them because they cant even buy just a coin because they are to poor in that kind of countrys you know. You are not able to help poor countrys withthe bitcoin.,

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Quote from: mirakal on October 24, 2016, 12:24:32 AM

Quote from: croutonhexagon on October 23, 2016, 11:52:30 PM

Definitely bitcoin could help poor countries. There are mmany examples that I had encountered in my life. Thay says that they make more than 1 bitcoin yearly that too for free so poor country could make money for free from from bitcoin and they could raise the economy of their country.
Also dealing with bitcoin for trading purpose also generate profit and they could make money out of it.

What specifically are they doing to raise that 1 bitcoin a year? is that consistent?

I do not get your explanation here about free money because there is on such thing, all we get here are made of our hard work and for being a risk taker through investment and I believe if you are talking of working online, that is the main reason why poor countries are being help.

I think it will only happen if they have knowledge about computer and how to use it, that's the only time that bitcoin could help poor, but if they can't even afford to rent a computer in the cafe's and use it to surf, I don't think that they will have idea that bitcoin do exist except if someone tell them or educate them that there is such thing as bitcoin. Those who stays in the mountain and no electricity and rely on batteries to listen to AM radios, it will take time for them to learn about bitcoin and lift their lives using it.

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Quote from: croutonhexagon on October 23, 2016, 11:52:30 PM

Definitely bitcoin could help poor countries. There are mmany examples that I had encountered in my life. Thay says that they make more than 1 bitcoin yearly that too for free so poor country could make money for free from from bitcoin and they could raise the economy of their country.
Also dealing with bitcoin for trading purpose also generate profit and they could make money out of it.

What specifically are they doing to raise that 1 bitcoin a year? is that consistent?

I do not get your explanation here about free money because there is on such thing, all we get here are made of our hard work and for being a risk taker through investment and I believe if you are talking of working online, that is the main reason why poor countries are being help.

croutonhexagon

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Definitely bitcoin could help poor countries. There are mmany examples that I had encountered in my life. Thay says that they make more than 1 bitcoin yearly that too for free so poor country could make money for free from from bitcoin and they could raise the economy of their country.
Also dealing with bitcoin for trading purpose also generate profit and they could make money out of it.

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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?

I didn't thing same, First reason this currency not for worldwide.In this case government never ssupport this.Bitcoin and another coins are never will help the poor countries is exit from their problem.

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Quote from: Mastsetad on October 23, 2016, 05:51:06 AM

Quote from: 1Referee on October 23, 2016, 04:09:24 AM

Quote from: PokerFace3 on October 23, 2016, 03:56:58 AM

I can bet you there are so many people from the poor countries that are currently making very handsome money around bitcoin based opportunities and saving bitcoin itself.

Not sure if there are really that much people, but there certainly are account farmers here earning thousands of dollars every month with selling farmed accounts, participating in numerous signature campaigns, claiming giveaways from all their accounts, etc. If you live in a third world country, then these few thousand dollars that you earn can make you live like a boss there. Money is in the air on this forum, they smell it, and they are here to get it.

I don't think farming accounts can earn anyone thousands of dollars as they are not sold too high, but still they can earn good amount of money if they get all their accounts enrolled in campaigns and keep sitting infront of a computer 24 hours writing posts.

You should take the effort to read and understand someone's post before saying something. I was talking about account farmers that sell their accounts, enroll their accounts in numerous signature campaigns, claim giveaways from their accounts, etc. It's a combined effort that makes them earn that much. I know it may sound as an absurd high amount, but it's the reality.

olyaru

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I have met such an action where it was said that if one threw a coin over all the earth, it would be possible to feed the hungry. But in our time, when all the hype and losh very difficult to force yourself to give to someone for a good cause.

tenk

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I don't think bitcoin or altcoins will help poor countries some countries not accept not allow it or not know about bitcoin and altcoins the better way is exchange it to their local currency then help them with that cash or give them food, medicine and clothes.

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