Can Bitcoin help poor countries? - page 40.

Oilacris

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Quote from: chaser15 on October 19, 2016, 11:21:42 PM

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Quote from: traspy on October 19, 2016, 12:52:46 PM

Poor countries first of all need primary needed. Food/clothes etc etc.
Aftaer that, bitcoin could help as fiat as well.

That is what those people need who lives in the poor countries. And that is not going to be an easy thing to make those poor countries being helped by bitcoin. For they first need the facilities, computer, laptops, smartphones or any gadgets that allows them to be connected in the internet. And that is the way when bitcoin do its job for helping them.

People from poor countries will not prioritized in getting that things since they care for their money. Since the source of money is difficult no way they will put their money in that kind of thing. The price for that is not a joke plus the internet fees which I doubt will be present in those rural areas.

Without internet bitcoin can't help those poor people.

Very true, they would not intend to engage up onto these things because they would surely prioritize first their needs rather than investing into bitcoin or engaging on it. As you mentioned not all people do have internet connection and thats already an expenses and they would not like to add up on it.

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Quote from: traspy on October 19, 2016, 12:52:46 PM

Poor countries first of all need primary needed. Food/clothes etc etc.
Aftaer that, bitcoin could help as fiat as well.

That is what those people need who lives in the poor countries. And that is not going to be an easy thing to make those poor countries being helped by bitcoin. For they first need the facilities, computer, laptops, smartphones or any gadgets that allows them to be connected in the internet. And that is the way when bitcoin do its job for helping them.

People from poor countries will not prioritized in getting that things since they care for their money. Since the source of money is difficult no way they will put their money in that kind of thing. The price for that is not a joke plus the internet fees which I doubt will be present in those rural areas.

Without internet bitcoin can't help those poor people.

rapazev

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Quote from: traspy on October 19, 2016, 12:52:46 PM

Poor countries first of all need primary needed. Food/clothes etc etc.
Aftaer that, bitcoin could help as fiat as well.

bitcoin is way to buy those things(food/clothes)...
and yeah, bitcoin can help.

poor countries doesnt have good jobs and bitcoin facilitate to work on internet. even signature campaigns(if you are at least senior) give you a good amount, if you do other works you will definitelly have a good income from bitcoin.

traspy

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Poor countries first of all need primary needed. Food/clothes etc etc.
Aftaer that, bitcoin could help as fiat as well.

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Quote from: dearbesz1219 on October 19, 2016, 09:49:55 AM

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 actually, cannot be the key to help the poor countries, why? it is because bitcoin can only help the individual poor member in bitcoin world, unless if the citizens in each country will become a bitcoin enthusiast, probably that's the time can say bitcoin can help the poor country.

You are right about that, we are thankful the Bitcoin is actually helping us earn extra money. But that extra money is not enough for people that are poor, in terms of getting it is easy but will it be enough for them to last a day? I guess not since there are also expenses involve in order to earn bitcoin online. Like electricity, cellphone/desktop, and internet connection all of which is greater than what you can earn online.

dearbesz1219

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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 actually, cannot be the key to help the poor countries, why? it is because bitcoin can only help the individual poor member in bitcoin world, unless if the citizens in each country will become a bitcoin enthusiast, probably that's the time can say bitcoin can help the poor country.

hawkins

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In fact, if the government of a country to have introduced bitcoin and support to be used for the community, I think it could help the country so many people who do not have jobs have hope to find bitcoin. well, look for bitcoin is not too difficult, so if a poor country directs people who have no income to seek bitcoin, maybe business in the country will increase and I think it would be helpful

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Quote from: Seansky on October 19, 2016, 04:46:12 AM

In my honest opinion, I think bitcoin can't help poor countries because of some reason and any other altcoin can't also help them. I said it since having some amount of bitcoin is required to have a good earnings in bitcoin and other altcoin. Free bitcoin won't suffice for them to survive every day since they're earnings via faucets, signature campaign, etc. sometimes might not be enough to cover their daily needs but it will ease them though.

people can actually make a decent amount of money through signature campaigns for example, but for that they need a smartphone with internet, or either visit an internet cafe where they pay per hour. both options are quite costly in third world countries. for second world countries it's different since they can afford themselves a device with internet, but it will only help out a few people. and that's it.

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Quote from: Seansky on October 19, 2016, 04:46:12 AM

In my honest opinion, I think bitcoin can't help poor countries because of some reason and any other altcoin can't also help them. I said it since having some amount of bitcoin is required to have a good earnings in bitcoin and other altcoin. Free bitcoin won't suffice for them to survive every day since they're earnings via faucets, signature campaign, etc. sometimes might not be enough to cover their daily needs but it will ease them though.

well to get bitcoin, actually you don't need such a good amount of earning because bitcoin is flexible and because bitcoin also having satoshi units which make even with a little money could still buy bitcoin,and earning through bitcoin don't always mean you're earning it freely through such an effortful way

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Quote from: McCombstech on October 19, 2016, 04:07:16 AM

Certain governments might issue a ban at some point in the future when Bitcoin is becoming too much of a problem that can disrupt their economy, but at this point we don't have to worry about that yet. Mainly because of Bitcoin being just an alternative currency/investment tool. That's why we must be happy with how Bitcoin is right now.

That must be true. When our governments will be thinking about regulations on bitcoin, bitcoin would have been developed as a most adopted payment system, probably everything will be available for bitcoin payments. When we are able to spend bitcoin directly for our life's needs, the never need to worry about any regulations.

Poor country people do not need to worry any such a ban. They will be able to use bitcoin all the time without worrying about their government's opinion/regulations on bitcoins.

warwar

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Quote from: chaosknight on October 19, 2016, 03:33:51 AM

Quote from: sishendaoye on October 19, 2016, 03:14:56 AM

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 do not think that i is going to be possible for Bitcoin to help whole countries because hat would be to much to handle for any company.
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.

Yeah it can help only those who are using bitcoin and earning money from it but it cannot help the entire country as people who are not aware about bitcoin will never use it.

Agree it will not help the country but the people on it that is using bitcoin it it can help their daily needs or to buy some important stuff. Bitcoin is really good if you know it and know how to earn that is good method in earning money online. Also bitcoin help me a lot.

Seansky

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In my honest opinion, I think bitcoin can't help poor countries because of some reason and any other altcoin can't also help them. I said it since having some amount of bitcoin is required to have a good earnings in bitcoin and other altcoin. Free bitcoin won't suffice for them to survive every day since they're earnings via faucets, signature campaign, etc. sometimes might not be enough to cover their daily needs but it will ease them though.

Legendaris

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I am sure of it that Bitcoin can help some poor countries but if it is willing to do that and how they would do that are two different questions. But I know that Bitcoin is capable of doing something like this now or maybe even in the future.

McCombstech

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Certain governments might issue a ban at some point in the future when Bitcoin is becoming too much of a problem that can disrupt their economy, but at this point we don't have to worry about that yet. Mainly because of Bitcoin being just an alternative currency/investment tool. That's why we must be happy with how Bitcoin is right now.

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Quote from: requester on October 18, 2016, 11:04:13 AM

Yes definitely bitcoin could help poor country to become rich because we can make money with bitcoin just by mining. so there only the mining system will cost and they could run their system with solar power so there is no electricity charge too. Finally they could make money out of bitcoin.

Honestly, do you even think before saying something? Governments are not interested in Bitcoin as they are looking to avoid it from entering their country. Poor people there already struggle to feed themselves, so how do you expect them to get into mining without money.... And if there will be a wealthy individual setting up an entire mining farm there, then it will only benefit this person and not the poor people.

SpeedyCapo

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I wouldn't see how tbh, like someone else mentioned maybe there will be less money going to corrupted governments because everything goes digital and they have no saying in this but besides that there's not much it could do I guess

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Quote from: sishendaoye on October 19, 2016, 03:14:56 AM

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 do not think that i is going to be possible for Bitcoin to help whole countries because hat would be to much to handle for any company.
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.

Yeah it can help only those who are using bitcoin and earning money from it but it cannot help the entire country as people who are not aware about bitcoin will never use it.

Senor.Bla

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Quote from: sishendaoye on October 19, 2016, 03:14:56 AM

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 do not think that i is going to be possible for Bitcoin to help whole countries because hat would be to much to handle for any company.
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.

first off bitcoin is not a company. and bitcoin can not help. it can only provide some kind of infrastructure to make it easier for the people using it to help themselves. the only limit is that if someone is getting richer someone else is getting poorer.

sishendaoye

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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 do not think that i is going to be possible for Bitcoin to help whole countries because hat would be to much to handle for any company.
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.

Victorycoin

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Quote from: requester on October 18, 2016, 11:04:13 AM

Yes definitely bitcoin could help poor country to become rich because we can make money with bitcoin just by mining. so there only the mining system will cost and they could run their system with solar power so there is no electricity charge too. Finally they could make money out of bitcoin.

While that is a possibility, the cost of procuring and maintenance of mining equipment is certainly beyond the reach of most people in poor countries, besides the fact there is sure to be dearth of know how. That aside, bitcoin mining gulps electricity and almost all the poor countries don't have good enough infrastructures for electricity and even the epileptic supply they end up having is priced out of their reach.

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