Can Bitcoin help poor countries? - page 41.

Doamader

hero member

Activity: 756

Merit: 501

Quote from: Senor.Bla on October 18, 2016, 01:10:42 PM

Quote from: rekinthis on October 18, 2016, 12:40:53 PM

Quote from: Mastsetad on October 18, 2016, 12:39:13 PM

Quote from: chaser15 on October 18, 2016, 12:09:15 PM

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.

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.

Well of course they can't mine. but they can do faucets, and after faucets they can start trading, so with trading they could earn more money, means country would be richier

earning bitcoins from faucets to start to trade with and ultimately earn money from that is not a good solution. i am not even sure if this is possible. they are better/smarter ways.

I dont know how much a single person without refferals can really make doing faucets, but i don believe its better do captcha them those, anyway it will help some people for sure joining crypto world.

prabowo96

full member

Activity: 238

Merit: 100

it's showtime

Quote from: Senor.Bla on October 18, 2016, 01:10:42 PM

Quote from: rekinthis on October 18, 2016, 12:40:53 PM

Quote from: Mastsetad on October 18, 2016, 12:39:13 PM

Quote from: chaser15 on October 18, 2016, 12:09:15 PM

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.

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.

Well of course they can't mine. but they can do faucets, and after faucets they can start trading, so with trading they could earn more money, means country would be richier

earning bitcoins from faucets to start to trade with and ultimately earn money from that is not a good solution. i am not even sure if this is possible. they are better/smarter ways.

You need some good knowledge in trade to make money or you will lose money.
Of course you can do it, but you will spend a month in faucets to earn $10 to start studyng trade and maybe lose this $10 or double and well, can you imagine how long you can wait to make a decent profit? years... If you are good on trades ofc, or you will lose everything first.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: rekinthis on October 18, 2016, 12:40:53 PM

Quote from: Mastsetad on October 18, 2016, 12:39:13 PM

Quote from: chaser15 on October 18, 2016, 12:09:15 PM

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.

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.

Well of course they can't mine. but they can do faucets, and after faucets they can start trading, so with trading they could earn more money, means country would be richier

earning bitcoins from faucets to start to trade with and ultimately earn money from that is not a good solution. i am not even sure if this is possible. they are better/smarter ways.

prabowo96

full member

Activity: 238

Merit: 100

it's showtime

Quote from: susila_bai on October 17, 2016, 04:14:38 PM

Quote from: prabowo96 on October 17, 2016, 02:26:15 PM

Quote from: susila_bai on October 17, 2016, 02:27:01 AM

Quote from: rektDude on October 17, 2016, 02:17:09 AM

I dont think that the bitcoin will help the poor countrys because peopel who life in poor countrys can earn bitcoins becuase bitcoins are very
expensive so i dont think they can buy them.

What a foolish reply , just to troll the post for campaign dont write something foolishly, for helping poor country they dont have to buy bitcoins, Their are so many ways through which you can earn bitcoins so much that you can live life freely from all financial problems.

I have seen their are so many users who are living their life freely by earning bitcoins through lot of way and now they are free from fiancial problem due to coming to bitcoin and earning nice income

And I see people here saying things like posting on forum for signature campaigns is a job... lol

That's the problem with the world, mentality, common sense, education... Glad to see you know people that are earning money with bitcoin, what are they doing to earn? Services?

Here they are earning through giving their skill work for bitcoin like translating work, marketing products , like this their are so many jobs which are paid for bitcoins, apart from that if you keep watching the altcoin announcement section, you can find lot of new coins are coming which are giving free giveaways from that coins you can earn lot of bitcoins and even do trading and earn extra.

I don't know about altcoins, I have though like this: if someone is winning, than someone is losing. And probably the rich ones will win, in every move.

Nowadays we can see a lot of people investing in a lot of new alts, maybe this business will be dead in the future like faucets already are, only stronger coins will stay profitable in speculation talk..

rekinthis

hero member

Activity: 658

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: Mastsetad on October 18, 2016, 12:39:13 PM

Quote from: chaser15 on October 18, 2016, 12:09:15 PM

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.

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.

Well of course they can't mine. but they can do faucets, and after faucets they can start trading, so with trading they could earn more money, means country would be richier

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: chaser15 on October 18, 2016, 12:09:15 PM

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.

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.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

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.

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?

requester

sr. member

Activity: 280

Merit: 250

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.

Victorycoin

hero member

Activity: 1134

Merit: 517

Bitcoin and its technology have proven that the cost of transactions across the globe can be made as low as insignificant and that is every reason the banks are panicking. Those who have tested this attribute of bitcoin and other cryptocurrencies are already sold to it and now knows the financial institutions have been ripping people off their hard earned money, every time they carry one transaction or the other.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Quote from: mark coins on October 17, 2016, 04:41:16 PM

Quote from: erpbridge on October 17, 2016, 01:27:24 PM

Bitcoin, maybe not. But things like Blockchain can definitely help more. It sort of brings transparency into the system and reduces corruption.

I feel like the internet and mobile connections should be something everyone should have access to, and only then with the true potential will be realized. Without those things in place, its pointless to argue about bitcoin being of any help.

I am from 3rd world country and in my country there are many users who are using bitcoin and earning a descent income from it and as the cost of living is not too high people prefer to get full time in bitcoin as they are getting higher income from it in compare to day job so bitcoin is definitely helping them.

In that way, absolutely. It helps people but not the country itself. I have maybe missunderstood the OP topic but yeah.

mark coins

hero member

Activity: 910

Merit: 1000

Quote from: erpbridge on October 17, 2016, 01:27:24 PM

Bitcoin, maybe not. But things like Blockchain can definitely help more. It sort of brings transparency into the system and reduces corruption.

I feel like the internet and mobile connections should be something everyone should have access to, and only then with the true potential will be realized. Without those things in place, its pointless to argue about bitcoin being of any help.

I am from 3rd world country and in my country there are many users who are using bitcoin and earning a descent income from it and as the cost of living is not too high people prefer to get full time in bitcoin as they are getting higher income from it in compare to day job so bitcoin is definitely helping them.

20kevin20

legendary

Activity: 1134

Merit: 1599

Quote from: erpbridge on October 17, 2016, 01:27:24 PM

Bitcoin, maybe not. But things like Blockchain can definitely help more. It sort of brings transparency into the system and reduces corruption.

I feel like the internet and mobile connections should be something everyone should have access to, and only then with the true potential will be realized. Without those things in place, its pointless to argue about bitcoin being of any help.

The problem is about who gets the access to the money. For example the money can be sent through charities, but who knows what the money is used for in reality? It cannot help poor countries because it's based on Internet and energy, which is one of the things poor countries do not have.

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: prabowo96 on October 17, 2016, 02:26:15 PM

Quote from: susila_bai on October 17, 2016, 02:27:01 AM

Quote from: rektDude on October 17, 2016, 02:17:09 AM

I dont think that the bitcoin will help the poor countrys because peopel who life in poor countrys can earn bitcoins becuase bitcoins are very
expensive so i dont think they can buy them.

What a foolish reply , just to troll the post for campaign dont write something foolishly, for helping poor country they dont have to buy bitcoins, Their are so many ways through which you can earn bitcoins so much that you can live life freely from all financial problems.

I have seen their are so many users who are living their life freely by earning bitcoins through lot of way and now they are free from fiancial problem due to coming to bitcoin and earning nice income

And I see people here saying things like posting on forum for signature campaigns is a job... lol

That's the problem with the world, mentality, common sense, education... Glad to see you know people that are earning money with bitcoin, what are they doing to earn? Services?

Here they are earning through giving their skill work for bitcoin like translating work, marketing products , like this their are so many jobs which are paid for bitcoins, apart from that if you keep watching the altcoin announcement section, you can find lot of new coins are coming which are giving free giveaways from that coins you can earn lot of bitcoins and even do trading and earn extra.

prabowo96

full member

Activity: 238

Merit: 100

it's showtime

Quote from: susila_bai on October 17, 2016, 02:27:01 AM

Quote from: rektDude on October 17, 2016, 02:17:09 AM

I dont think that the bitcoin will help the poor countrys because peopel who life in poor countrys can earn bitcoins becuase bitcoins are very
expensive so i dont think they can buy them.

What a foolish reply , just to troll the post for campaign dont write something foolishly, for helping poor country they dont have to buy bitcoins, Their are so many ways through which you can earn bitcoins so much that you can live life freely from all financial problems.

I have seen their are so many users who are living their life freely by earning bitcoins through lot of way and now they are free from fiancial problem due to coming to bitcoin and earning nice income

And I see people here saying things like posting on forum for signature campaigns is a job... lol

That's the problem with the world, mentality, common sense, education... Glad to see you know people that are earning money with bitcoin, what are they doing to earn? Services?

erpbridge

legendary

Activity: 954

Merit: 1000

Bitcoin, maybe not. But things like Blockchain can definitely help more. It sort of brings transparency into the system and reduces corruption.

I feel like the internet and mobile connections should be something everyone should have access to, and only then with the true potential will be realized. Without those things in place, its pointless to argue about bitcoin being of any help.

SamMurphy

member

Activity: 107

Merit: 10

Bitcoin unionhead who's neglecting fiat :)

After a long time maybe. But it will be difficult someone to start. Difficult but possible. Yeah technology has helped alot but still it will take some time to see results. Plus if government really wants to help their people will help them to invest and start saving their own country.

Aceanyth

member

Activity: 119

Merit: 100

Quote from: Xester on September 01, 2016, 02:22:34 AM

yes bitcoin can help poor countries. Just like what happened to me and my peers who are living in a third world country. Before many of us do not earn while at home and some just sit on the couch and watching television. But when bitcoin came into the picture within our homes we can earn thru online jobs and signature campaigns and from investments. By sitting on the couch and facing the computer we are earning bitcoins and convert it to cash.

Bitcoins can fix allot of things in the world but do you really think they can fix everything i dont think they can fix poor countrys because the people who life
in poor countrys does not have the money to buy bitcoins.

Alauria

full member

Activity: 131

Merit: 100

Bitcoins cant help poor countrys i know that for sure becuase lots of peopel in poor countrys are also poor and i dontt hink their mind is on to the bitcoin
so they are not able to fix one bitcoin.

drwtsn32

sr. member

Activity: 476

Merit: 250

Quote from: 20kevin20 on October 15, 2016, 05:00:32 AM

For Bitcoin to be a helping factor in poor countries, we've got only one big problem: these poor countries cannot afford a phone, a computer or even an Internet connection. Therefore, there's no way it can help poor countries.

That's why poor people are getting poorer, the rich are getting richer. Because the poor lacks opportunities to develop.
The key to this are the good samaritans who want to put themselves there and serve as an instrument by us to help.

bitlancr

hero member

Activity: 616

Merit: 500

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 bitcoin can help whole countries because that is just to many people that they then have to help and I believe that they cannot handle that.
Maybe in the future when they are a bit bigger they can help more but it is almost impossible to help a whole country for a company.

Topic: Can Bitcoin help poor countries? - page 41. (Read 73888 times)