Poor countries first of all need primary needed. Food/clothes etc etc.
Aftaer that, bitcoin could help as fiat as well.
Topic: Can Bitcoin help poor countries? - page 40. (Read 73888 times)
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
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.
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
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.
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
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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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 
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.
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. how? what can be done?
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.
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.
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.
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.
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.
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.
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
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. how? what can be done?
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.
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. how? what can be done?
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.
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. how? what can be done?
Bitcoin wold be able to help out a group of people but it would not have a chance to help a entire country.
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.
Yes I think that it can help poor countries without any doubts, on a long term it can happen but than the bitcoin really need to grow a lot more in such country's.
Take a example as Brazil they are doing great things with the bitcoin.
Take a example as Brazil they are doing great things with the bitcoin.
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.
Please explained how. Where will those poor people in that poor country will get money just to start properly the mining method to make bitcoins? The amount needed to start mining is not a joke.
Do you think people in that poor country will give priority to that?
That's right, a poor country would probably have poor people living in it and mining is not a joke, one mining equipment costs a lot of dollars which is not something anyone can pay and poor countries would probably not be able to fill that cost, they would rather try other free methods for earning bitcoins which might help them somehow to accumulate some bucks every month.
Developing country have different people status. Those who belong to middle status can buy this items but those who are labeled poor and below cannot. But this stuff won't stop a country in utilizing bitcoin potential to increase its people kind of living. Remember even if you are one of the elite, a country wealth is far more bigger than yours, if they focus on the potential earning that bitcoin offers, they can do it and enable the education plus implementation of the possible method they can create to utilize bitcoin for their advantage.
I dont know how bitcoin has help a poor country,i dont think any reason behind this,because bitcoin can help some certain individuals providing them some different earning chances,or become anonymous in transaction or paying low transactions,but to whole country i dont think so.
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