Can Bitcoin help poor countries? - page 44.

goinmerry

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Quote from: BitHodler on October 15, 2016, 10:32:38 AM

Quote from: caxandra on October 15, 2016, 06:26:41 AM

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.

I think you need to realize the following things.

1- Poor people aren't interested in investments since they need the money that they barely have for things with far higher priority.

2- Poor people aren't interested in a tool that will allow them to transfer money world wide as they need the money that they barely have themselves.

Correct. What will they offer if they got nothing. The brokers wont even talk to them because they knew they have nothing to offer. So it can help the government of one country. Maybe this investment can be something like a reserve for them and somehow it can get huge at some time.

MingLee

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Quote from: klopcoin on October 15, 2016, 10:26:13 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 nit yhink that people in africa can use hitcoin this day. But i am sure they can use it in the future. Bitcoin only can nit help them. I think the bitcoin users can help them by teach them how to earn, invest and use bitcoin. I think it could be work. Shall we try? Huh

While you can always try to get people in Africa using Bitcoin, it doesn't mean that they have the infrastructure or anything to support it. If they don't have access to exchanges, the internet, phones or computers, etc., there is no way that they'll be able to effectively use it.

BitHodler

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Quote from: caxandra on October 15, 2016, 06:26:41 AM

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.

I think you need to realize the following things.

1- Poor people aren't interested in investments since they need the money that they barely have for things with far higher priority.

2- Poor people aren't interested in a tool that will allow them to transfer money world wide as they need the money that they barely have themselves.

klopcoin

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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 nit yhink that people in africa can use hitcoin this day. But i am sure they can use it in the future. Bitcoin only can nit help them. I think the bitcoin users can help them by teach them how to earn, invest and use bitcoin. I think it could be work. Shall we try? Huh

rinhunter

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Quote from: Fatanut on October 15, 2016, 08:33:35 AM

Quote from: Cresciuanto on October 15, 2016, 06:48:53 AM

no i do not think so that bitcoin can help poor countries because poor countries have no facilities of internet and computers.

Maybe years ago, poor countries doesn't have Internet and computer, but today, even third world countries have Internet and almost everyone has a computer. If not, they have a smartphone, which is enough to connect to the Internet and start earning Bitcoins. I think the countries that you were talking about are countries that aren't civilized. Even India has an Internet and a lot of Indians can actually be found on the Internet.

True, but now in technology sector india has no doubt. Even in small oceania countries like tuvalu, vanuatu, tokelau, nauru and so on, Already had a internet domain. May Bitcoin if used there can help that's country especially for people, because i think there is difficult to find a job.

18thacccount

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I think it can help the residents of poor countries, offering them an option to earn a decent amount of money specially since it is in usd, also can help those working abroad to send the money back home and therefore helping there families and the country overall.

isen

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Bitcoin may be revolutionary and unique but it's still a currency and a currency is not enough to change the financial situation and solve all the problems of a whole country,it can only help combined with other actions but in order for this to happen you need politicians who take the right decisions and are not corrupted.

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Quote from: Cresciuanto on October 15, 2016, 06:48:53 AM

no i do not think so that bitcoin can help poor countries because poor countries have no facilities of internet and computers.

Maybe years ago, poor countries doesn't have Internet and computer, but today, even third world countries have Internet and almost everyone has a computer. If not, they have a smartphone, which is enough to connect to the Internet and start earning Bitcoins. I think the countries that you were talking about are countries that aren't civilized. Even India has an Internet and a lot of Indians can actually be found on the Internet.

Chennai

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Quote from: caxandra on October 15, 2016, 06:26:41 AM

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.

Good to go. It is better to teach the countries to fish instead of buying them fish. I am sure online has reached every corner. We have already discussed about making all aware of BTC by keeping stores in big cities. This could be a method to spread bit faster. All unemployed would become employed around the world. All sources can be used to advertise BTC. Wish there should be none suffering from poverty.

Cresciuanto

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no i do not think so that bitcoin can help poor countries because poor countries have no facilities of internet and computers.

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Quote from: GregH37 on September 01, 2016, 01:35:06 AM

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.

That`s right at some point.

Maybe bitcoin can help some poor and small countries if they adopt it 100% and use it as paper money.

Bitcoin price can be more stable than the national currency rate of that country and this is a benefit.

caxandra

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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.

Weeya

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Bitcoin can't help solve the poverty of one country but it can surely help its citizens by using it. When people start using it and earn profit from it then they would become successful enough to help its country. When you can't help you self, neither it is in other things.

tyz

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Internet access is more widespread in African countries like many of us think. Therefore internet access is not actually a problem. Look at mobile payment apps like MPesa which are very commonly used in some African countries. I think Bitcoin could help poor people because it does not cost much fees to send money to relatives for example. Western Union and others charge up to 30% fees for a transaction.

Quote from: fatima zuhra on October 13, 2016, 08:54:11 AM

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.

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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.

Maybe true. As in some countries, even access to electricity is a big problem,even they have access but paying monthly bill is another struggle.

But as of now,there are already affordable phones and there are efforts to make internet as a basic needs that's why there are projects of free internet in some countries. I do believe that bitcoin is a good leverage for the poor to earn an income anywhere.Its a great opportunity where we are equal on this currency.

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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.

drwtsn32

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You know what saddens me is the fact that not many people want to go to these places and volunteer because they are not be able to make money here. The rich companies out there (which we are trusting our money with) do not want to that because they are all thinking about business and money and profit. Something that you can't get from the poor countries.

Gilf

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Bitcoin digital currency is the destiny of the advanced countries, and the impact is on the poor countries can not.

sishendaoye

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Quote from: kollo99 on September 27, 2016, 02:51:27 AM

yes i think it can help but not so much, because poor countries have no facilities of computers and internet, and without computer and internet we cannot even think about the bitcoin without internet.

I also think it can help poor countries but in a different kind of way for example setting up fundraisers and then people can donate in bitcoin because in other ways it's hard to reach the more poor people.

randy8777

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Quote from: eternalgloom on October 14, 2016, 08:35:37 AM

Quote from: randy8777 on October 13, 2016, 06:34:49 AM

Quote from: diegz on October 13, 2016, 06:27:16 AM

Quote from: Betwrong on October 13, 2016, 05:34:55 AM

Quote from: drwtsn32 on October 13, 2016, 05:15:31 AM

If we know some people who want to volunteer and they are legit enough, we could donate them money (which is easy to do with bitcoin) and make them use it for voluntary actions in the poor countries.

Unfortunately donations rarely go to the really poor people especially in the poor countries where the laws don't work. But Bitcoin can help people from those countries because they can do some jobs online and receive payment in BTC for which you don't have to have a bank account and you don't have to pay big transaction rates like with other currencies. This is especially important when you are payed less than $20 for a job.

Donations usually just go to who receive the donation, sad to say that it is how things go. But if people on those poor countries know how to work for bitcoin, their life maybe change. It's hard to find regular jobs right now and some are even underpaid, so by earning bitcoin you are deciding how many jobs you can handle and how much you will earn, that way, even if you are not working and earning big, atleast you are not a burden to others and a liability of the government.

i don't trust charities anymore. and yes, i know that's a very sad thing. but time on time again you hear that one of the people in the high board of the charity commit frauds by sending the money to their own bank account, or they give themselves an insanely high salary with a few bonuses. i much rather donate to a local charity than to a well known one. locally you at least can see what happens with your money.

I don't know if that's better than donating to the more known charities. The small local charities could also embezzle money even though you see the effects of (part) of the money.

You just need to check every you donate to. Check out charitynavigator, they're an independant control for charities and they mention on their website how charities spend their funds.

local initiative charities that are run by volunteers here, are not connected to anything. they just supply people living below the minumum standard wage with food once a week. best thing is that we know everyone here. that gives you much better control over the entire project.

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