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.
Topic: Can Bitcoin help poor countries? - page 42. (Read 73851 times)
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.
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. how? what can be done?
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.
yes bitcoin can help the poor people but not a lot. because poor people have very little opportunities of using internet and computer, therefore they find it hard to get benefit from bitcoin.
Yes it can help poor people by doing something like this join in some work with signature campaign there are so much opportunities waiting for them on internet they are just lazy to do some thing with bitcoin , bitcoin has so much benefits in life.
No it can't, bitcoin is a site that will give money to those people who work for, poor countries there is more people people who can not acquired gadgets and internet connection they will prefer to buy food than that.
These people mostly work with US Dollars in order to complete transactions as they don't have any trust in their local currency. I have been in Colombia and Venezuela, and in both countries I was nearly begged by shops each time to pay them in Dollars. So yes, in that aspect Bitcoin can make a decent difference.
In Venezuela, the local currency is very unstable and volatile. It gets devalued almost daily. That is the reason why shopkeepers prefer the US Dollar. But how can BTC achieve the status currently held by the USD, when it is even more volatile than the Venezuelan Bolivar?
I think bitcoin can help poor countries indirectly through offering investment options as well as a cheap method to transport money globally even when conducting worldwide transactions. it can also offer few earning options for the residents of poor countries.
yeah that is good bitcoin is a way of cheap money transaction and it provide a god discount on purse.io so the poor people can adopt it and can get benefit with this coin in their life.
These people mostly work with US Dollars in order to complete transactions as they don't have any trust in their local currency. I have been in Colombia and Venezuela, and in both countries I was nearly begged by shops each time to pay them in Dollars. So yes, in that aspect Bitcoin can make a decent difference.
Bitcoin might be able to help reduce curruption on some levels and make it harder for public money to dissappear in the hands of the few (e.g. charity money can be traced on the blockchain and verified what it is spend on).
It's nice to see a comment like that, it can help ALL countries, not just the poor.
Bitcoin can't help an entire country. but it can surely help the person who use bitcoin if he's poor. and if a country have a lot of bitcoin users then it will surely be beneficial and for that country.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.
Yeap, that was my first thought: you can do online jobs and receive on bitcoins, so you can have a better $/hour.
but the poorest contries/people don't have access to a computer/internet or skills.
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.how? what can be done?
Well, the first comment shows to us the bitcoin can help against corruption and that's a big step.
Maybe a altcoin related to education? Other day I saw a altcoin related to chess, where kids can earn playing, maybe someone can make something like that.
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.
Like a altcoin used as second currency? And instead of big taxes, the government can mine the coin?
Yeap, for sure it's more easily to rich countries do that.
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
For me bitcoin can't help the country when the country is poor some countrybare populated but if a poor people start using bitcoin probably it can help them to earn money for their selves because poor people is the problem of the goverment and not a bitcoin problemhow? what can be done?
Sometimes poor countries are explored by rich countries too. oil, diamonds...
Government of the poor countries doesn't have the infrastructure to adopt bitcoin as a currency, neither they have willingness.
Yeap, infrastructure seems to be the major problem. What if some countries, for example 6, set up a union and create a altcoin?
The price will increase a lot if they use it as a secondary currency, the taxes between that countries can go down and heat the commerce
Like the European Union(I don't understand to much about the EU, don't know all the benefits/evils)
Bitcoin cannot help a poor country. I have the following reasons which I would like to site:
Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.
Low Security measures - totally insecure to them since they have very low knowledge
Low Fees for miners - This will hurt miners
Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.
Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.
Low Security measures - totally insecure to them since they have very low knowledge
Low Fees for miners - This will hurt miners
Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.
Yeap, that reasons is a good point.
Now think about that, can bitcoin or a altcoin bring more tecnology to poor countries?
For example, the government creates a "Example Coin" to use as secondary currency, they can open a big miner to mine this coin, the altcoin will increase the value, government can use that valorized coin to buy computers to schools and/or for people in general, the government can pay peoples to teach others. And after people start to use, it will maintain a good price. And tecnology can bring knowledge. And well, I think this can be done with smartphones too, nowadays have some real cheap(they can use to read news, ebooks, forums, everything).
The government can use the coin to invest in tecnology.
Or not.
I don't think so. These countries are poor for a reason. If you would look at them with caution, you will find out that these countries' governments have either not accepted US's rules or got some mass of oil or commodities. Anyways, I'm going off topic right now.
Bitcoin can't help poor countries, except if there was a donation or something where we could send our money to be spent for the poor. However, we've seen many of these 'donations' and no change at all so...
Bitcoin can't help poor countries, except if there was a donation or something where we could send our money to be spent for the poor. However, we've seen many of these 'donations' and no change at all so...
Yeap, major problem is the government(inside or outside)
Donations are there since a long time, I think poor countries need something related to education, I mencioned a "example" of a altcoin related to chess in other reply..
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.
Good to read that, maybe you can learn to use some softwares like Photoshop or something like that to earn more and have a job!
Bitcoin or any other altcoin cannot necessarily help poor countries. Not everyone in third world countries has an Internet access, and even if somebody has an Internet access, it doesn't assure that he is interested or is he knowledgeable about Bitcoin. I think the only people that can financially helped by Bitcoin are those that have a deep knowledge about it. The trading, gambling, and other stuffs that you can do with Bitcoin can only be obtained through experience and an intrinsic interest towards Bitcoin.
Yeap, the tecnology factor is a problem. Now... How can bitcoin/altcoin bring tecnology to poor countries?
Help a poor country means? To grow? I don't think so if it's only bitcoin. Honestly, even bitcoin will be accepted in a country, that country must not depend their economic growth on it. Of course every country has their own ways to be productive and grow, if ever, bitcoin will just be an addition to that. It can help those unemployed citizens individually if they will be giving such effort to learn about it and earn it.
To help with financial status, to bring knowledge to people, to bring more tecnology to this countries, I think a computer/internet can open ways, and people can use it as a second currency, maybe doing online jobs. You know, they receive a very small salary, with training they can earn in a month what they earn in a year. Of course it would be in long term.
Well, I don't have the magic formula to this.
Bitcoin itself cant help poor countries but it can help people to earn money with bitcoin. and if you are a hard working person, you can take it as a full time job and help you somehow to have a good life.
So how people from poor countries can work for bitcoin if internet connection is really horrible? Also how they will do such bitcoin earning method if they are lacked of devices?
And more importantly, how they can use their bitcoin if no exchanger that has a convertion services is not available since I think no exchanger will opened services for poor countries due to lack of accessibility.
Yeap, the internet connection must be a giant problem. I'm thinking about how the bitcoin or a altcoin can bring more tecnology to this countries, but I still don't know.
Thank you all for the replys
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
Bitcoin might be able to help reduce curruption on some levels and make it harder for public money to dissappear in the hands of the few (e.g. charity money can be traced on the blockchain and verified what it is spend on).
It's nice to see a comment like that, it can help ALL countries, not just the poor.
Bitcoin can't help an entire country. but it can surely help the person who use bitcoin if he's poor. and if a country have a lot of bitcoin users then it will surely be beneficial and for that country.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.
Yeap, that was my first thought: you can do online jobs and receive on bitcoins, so you can have a better $/hour.
but the poorest contries/people don't have access to a computer/internet or skills.
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.how? what can be done?
Well, the first comment shows to us the bitcoin can help against corruption and that's a big step.
Maybe a altcoin related to education? Other day I saw a altcoin related to chess, where kids can earn playing, maybe someone can make something like that.
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.
Like a altcoin used as second currency? And instead of big taxes, the government can mine the coin?
Yeap, for sure it's more easily to rich countries do that.
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
For me bitcoin can't help the country when the country is poor some countrybare populated but if a poor people start using bitcoin probably it can help them to earn money for their selves because poor people is the problem of the goverment and not a bitcoin problemhow? what can be done?
Sometimes poor countries are explored by rich countries too. oil, diamonds...
Government of the poor countries doesn't have the infrastructure to adopt bitcoin as a currency, neither they have willingness.
Yeap, infrastructure seems to be the major problem. What if some countries, for example 6, set up a union and create a altcoin?
The price will increase a lot if they use it as a secondary currency, the taxes between that countries can go down and heat the commerce
Like the European Union(I don't understand to much about the EU, don't know all the benefits/evils)
Bitcoin cannot help a poor country. I have the following reasons which I would like to site:
Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.
Low Security measures - totally insecure to them since they have very low knowledge
Low Fees for miners - This will hurt miners
Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.
Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.
Low Security measures - totally insecure to them since they have very low knowledge
Low Fees for miners - This will hurt miners
Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.
Yeap, that reasons is a good point.
Now think about that, can bitcoin or a altcoin bring more tecnology to poor countries?
For example, the government creates a "Example Coin" to use as secondary currency, they can open a big miner to mine this coin, the altcoin will increase the value, government can use that valorized coin to buy computers to schools and/or for people in general, the government can pay peoples to teach others. And after people start to use, it will maintain a good price. And tecnology can bring knowledge. And well, I think this can be done with smartphones too, nowadays have some real cheap(they can use to read news, ebooks, forums, everything).
The government can use the coin to invest in tecnology.
Or not.
I don't think so. These countries are poor for a reason. If you would look at them with caution, you will find out that these countries' governments have either not accepted US's rules or got some mass of oil or commodities. Anyways, I'm going off topic right now.
Bitcoin can't help poor countries, except if there was a donation or something where we could send our money to be spent for the poor. However, we've seen many of these 'donations' and no change at all so...
Bitcoin can't help poor countries, except if there was a donation or something where we could send our money to be spent for the poor. However, we've seen many of these 'donations' and no change at all so...
Yeap, major problem is the government(inside or outside)
Donations are there since a long time, I think poor countries need something related to education, I mencioned a "example" of a altcoin related to chess in other reply..
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.
Good to read that, maybe you can learn to use some softwares like Photoshop or something like that to earn more and have a job!
Bitcoin or any other altcoin cannot necessarily help poor countries. Not everyone in third world countries has an Internet access, and even if somebody has an Internet access, it doesn't assure that he is interested or is he knowledgeable about Bitcoin. I think the only people that can financially helped by Bitcoin are those that have a deep knowledge about it. The trading, gambling, and other stuffs that you can do with Bitcoin can only be obtained through experience and an intrinsic interest towards Bitcoin.
Yeap, the tecnology factor is a problem. Now... How can bitcoin/altcoin bring tecnology to poor countries?
Help a poor country means? To grow? I don't think so if it's only bitcoin. Honestly, even bitcoin will be accepted in a country, that country must not depend their economic growth on it. Of course every country has their own ways to be productive and grow, if ever, bitcoin will just be an addition to that. It can help those unemployed citizens individually if they will be giving such effort to learn about it and earn it.
To help with financial status, to bring knowledge to people, to bring more tecnology to this countries, I think a computer/internet can open ways, and people can use it as a second currency, maybe doing online jobs. You know, they receive a very small salary, with training they can earn in a month what they earn in a year. Of course it would be in long term.
Well, I don't have the magic formula to this.
Bitcoin itself cant help poor countries but it can help people to earn money with bitcoin. and if you are a hard working person, you can take it as a full time job and help you somehow to have a good life.
So how people from poor countries can work for bitcoin if internet connection is really horrible? Also how they will do such bitcoin earning method if they are lacked of devices?
And more importantly, how they can use their bitcoin if no exchanger that has a convertion services is not available since I think no exchanger will opened services for poor countries due to lack of accessibility.
Yeap, the internet connection must be a giant problem. I'm thinking about how the bitcoin or a altcoin can bring more tecnology to this countries, but I still don't know.
Thank you all for the replys
expensive so i dont think they can buy them.
The domination of the dollar into the another kind of fiat currency especially for the fiat type of the development countries already enough for make them feel confused. comparing with the developed country is already using dollar there is too many gaps in their salary and bitcoin are the solution of that. can pushing the the average value of the poor countries.
Well that's true, it could really lift the way of living if you are receiving a dollar compared to receiving a salary in some local currency which are sometimes lower than US dollar... It means you are earning more than average if you are receiving it in dollar value and converting it to local currency...
That is right. The main benefit for the bitcoin is that you cannot get it from central banks almost for free.
I think bitcoin can help poor countries indirectly through offering investment options as well as a cheap method to transport money globally even when conducting worldwide transactions. it can also offer few earning options for the residents of poor countries.
yeah that is good bitcoin is a way of cheap money transaction and it provide a god discount on purse.io so the poor people can adopt it and can get benefit with this coin in their life.
Marketing bitcoin as good currency to use during your online shopping sprees is not the best idea for these people.
Bitcoin marketing should be more focused about stability of BTC in comparison vs. their local currencies and competitive remittance solution.
(I am not talking about about 3rd world countries, because there is no way that Bitcoin or anything internet related is gonna help them).
The domination of the dollar into the another kind of fiat currency especially for the fiat type of the development countries already enough for make them feel confused. comparing with the developed country is already using dollar there is too many gaps in their salary and bitcoin are the solution of that. can pushing the the average value of the poor countries.
Well that's true, it could really lift the way of living if you are receiving a dollar compared to receiving a salary in some local currency which are sometimes lower than US dollar... It means you are earning more than average if you are receiving it in dollar value and converting it to local currency...
You have a point there my friend. How can they make some earning and enjoy the benefits of making their lives profitable through bitcoin if they do not have the equipment. Equipment like electricity, a set of computer, and internet connection. These three are essential in having the full benefit of bitcoins.
You have a point here my friend but remember, there are already cheaper phones which you can have access to internet. When this is possible, the potential to earn bitcoin is not far. Thanks to this innovation where a mobile phone now function as a personal computer.
Still access to internet and electricity is a problem to some countries bye the way. 
The domination of the dollar into the another kind of fiat currency especially for the fiat type of the development countries already enough for make them feel confused. comparing with the developed country is already using dollar there is too many gaps in their salary and bitcoin are the solution of that. can pushing the the average value of the poor countries.
Well that's true, it could really lift the way of living if you are receiving a dollar compared to receiving a salary in some local currency which are sometimes lower than US dollar... It means you are earning more than average if you are receiving it in dollar value and converting it to local currency...
The domination of the dollar into the another kind of fiat currency especially for the fiat type of the development countries already enough for make them feel confused. comparing with the developed country is already using dollar there is too many gaps in their salary and bitcoin are the solution of that. can pushing the the average value of the poor countries.
Well that's true, it could really lift the way of living if you are receiving a dollar compared to receiving a salary in some local currency which are sometimes lower than US dollar... It means you are earning more than average if you are receiving it in dollar value and converting it to local currency...
The domination of the dollar into the another kind of fiat currency especially for the fiat type of the development countries already enough for make them feel confused. comparing with the developed country is already using dollar there is too many gaps in their salary and bitcoin are the solution of that. can pushing the the average value of the poor countries.
In terms of being a kind of main income? Than it is a no, the ability to earn a substantial amount of bitcoin for you to live daily is non-existent as for the moment yes having a signature campaign has significant value to it but it is not enough for someone to last even 2 weeks of food with it. Not unless the person has other good ways to earn bitcoin than it can definitely help him/her.
Bitcoin can be live daily and the and those who can really earn 1 bitcoin daily is exist and not only by doing signature campaign because you can't really earn much money and in trading yes you can earn descent of money and the value of bitcoin will going up those jobless can help to earn money with bitcoin.sAre you saying to earn 1 btc on daily basis? Well that is impossible for most of us to earn that huge amount daily but one who can manage to earn 1 btc monthly in poor countries can expect a good living with it.
Donating money/Bitcoin to poor people is never a good idea since it only helps them for a very short time. After that their money is gone and they need it again, then what? Will you constantly keep giving these people money? I don't think so.
In terms of being a kind of main income? Than it is a no, the ability to earn a substantial amount of bitcoin for you to live daily is non-existent as for the moment yes having a signature campaign has significant value to it but it is not enough for someone to last even 2 weeks of food with it. Not unless the person has other good ways to earn bitcoin than it can definitely help him/her.
Bitcoin can be live daily and the and those who can really earn 1 bitcoin daily is exist and not only by doing signature campaign because you can't really earn much money and in trading yes you can earn descent of money and the value of bitcoin will going up those jobless can help to earn money with bitcoin.sAre you saying to earn 1 btc on daily basis? Well that is impossible for most of us to earn that huge amount daily but one who can manage to earn 1 btc monthly in poor countries can expect a good living with it.
Donating money/Bitcoin to poor people is never a good idea since it only helps them for a very short time. After that their money is gone and they need it again, then what? Will you constantly keep giving these people money? I don't think so.
I think bitcoin can help poor countries indirectly through offering investment options as well as a cheap method to transport money globally even when conducting worldwide transactions. it can also offer few earning options for the residents of poor countries.
yeah that is good bitcoin is a way of cheap money transaction and it provide a god discount on purse.io so the poor people can adopt it and can get benefit with this coin in their life.
In terms of being a kind of main income? Than it is a no, the ability to earn a substantial amount of bitcoin for you to live daily is non-existent as for the moment yes having a signature campaign has significant value to it but it is not enough for someone to last even 2 weeks of food with it. Not unless the person has other good ways to earn bitcoin than it can definitely help him/her.
Bitcoin can be live daily and the and those who can really earn 1 bitcoin daily is exist and not only by doing signature campaign because you can't really earn much money and in trading yes you can earn descent of money and the value of bitcoin will going up those jobless can help to earn money with bitcoin.sAre you saying to earn 1 btc on daily basis? Well that is impossible for most of us to earn that huge amount daily but one who can manage to earn 1 btc monthly in poor countries can expect a good living with it.
Jump to: