Can Bitcoin help poor countries? - page 52.

SignificantOtter3

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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?

There are three main ways, I think bitcoin and the blockchain can help poor countries.

1. Governments can use bitcoin's blockchain as a public ledger to openly display receivables and expendables. This could help cut down on corruption and fraud.
2. Bitcoin is already revolutionizing the remittance markets, making it cheaper and quicker for foreigners to send money back to their country. These are huge sums of money and the consequent savings will have a great impact on countries in Sub-saharan Africa and the Philippines especially.
3. Bitcoin allows for cross-border lending meaning that small business owners in Kenya and other under-banked regions of the world can get access to working capital. They grow as a result and hire new staff - which benefits their local communities.

Rizky Aditya

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I think that in countries like Zimbabwe where the currency is extremely weak, Bitcoin could definitely turn into their national currency. I am pretty sure that they use the US dollar in Zimbabwe and I think they deserve their own currency.

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Quote from: dunfida on October 06, 2016, 02:37:46 AM

Quote from: 1Referee on October 06, 2016, 02:26:51 AM

Quote from: Luke2939 on October 06, 2016, 02:11:45 AM

Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

These people already struggle to feed their family on a daily basis, so how do you expect them to invest money that they barely have in Bitcoin? Feeding the family is on the first place at all times.

Correct, they would prioritize first on feeding their family rather than putting up money into bitcoin. They would definitely spend those money first on their priority and dont mind to put up money to bitcoin just hoping for getting money on the future. It would make no sense at all.

In a country that has a big rate for poverty, they might know bitcoin but they will not interest on that and if they will not be interested they will not adopt and it would not help them, of course you need to be educated enough to understand what is bitcoin so it has only its limit where only good for online transaction and people who often do online transaction.

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Quote from: 1Referee on October 06, 2016, 02:26:51 AM

Quote from: Luke2939 on October 06, 2016, 02:11:45 AM

Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

These people already struggle to feed their family on a daily basis, so how do you expect them to invest money that they barely have in Bitcoin? Feeding the family is on the first place at all times.

Correct, they would prioritize first on feeding their family rather than putting up money into bitcoin. They would definitely spend those money first on their priority and dont mind to put up money to bitcoin just hoping for getting money on the future. It would make no sense at all.

1Referee

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Quote from: Luke2939 on October 06, 2016, 02:11:45 AM

Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

These people already struggle to feed their family on a daily basis, so how do you expect them to invest money that they barely have in Bitcoin? Feeding the family is on the first place at all times.

Luke2939

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Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

Supercrypt

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Quote from: Shinpako09 on October 06, 2016, 12:11:22 AM

I dont think so but it can help poor people that can have atleast an extra income but not the country itself. You only need is a phone and a data. You dont need to invest coz you can earn btc without investing.

When a citizen gets his life improved by using bitcoin, a country will definitely get benefits of it. One simple reason must be due to per capita improvement.

Bitcoin has all the potential to offer many different way of earning opportunities that too without any initial investments. Bitcoin could help poor countries in many practical ways, lets wait those to happen like bitcoin bringing revolution to this world.

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Quote from: dearbesz1219 on October 05, 2016, 09:24:48 PM

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.

Indeed, Aside from that, the only thing we can say about bitcoin can help the poor the country is the major things that we really can do is we must establish first the community in the bitcoin world. we must change their mindset when it comes to bitcoin thought.

That isn't easy. How can we change their mindset about bitcoin thoughts if in the first place accesibility of bitcoin is really hard in their places. If accessing in bitcoin is easy to them then that isn't a problem and we can educate it well.

Anyways please refrain from posting another one if you are the last poster. Include it in one reply instead.

Shinpako09

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I dont think so but it can help poor people that can have atleast an extra income but not the country itself. You only need is a phone and a data. You dont need to invest coz you can earn btc without investing.

goinmerry

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Quote from: dearbesz1219 on October 05, 2016, 09:30:53 PM

Quote from: MTBTT on September 11, 2016, 05:57:38 PM

Quote from: Cresciuanto on September 11, 2016, 05:09:39 PM

no i do not thing that bitcoin can help poor countries because the poor countries have no facilities available to them, they cannot even trade bitcoin because they even cannot afford internet and cannot having good amount of money to buy bitcoin ,.

I think the country agrees that the poor have a lot of problems. not only financially but mentally, politics and so forth, but it is at least bitcoin might help the private economy of mass

In this statement of yours, you really have a big point on this matter dude! moreover, most of the people are uneducated and illiterate in many things.
But in bitcoin I think there is some other way that they can help them. Just, they must have a strong dedication or determination to know something if they have a big dream.

You also need to be educated a little to be in the course of using bitcoin. Sure it can help but someone will manage it. Are we sure that the person who will do the managing act will be trustworthy to fulfill the said necessity.

dearbesz1219

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Quote from: MTBTT on September 11, 2016, 05:57:38 PM

Quote from: Cresciuanto on September 11, 2016, 05:09:39 PM

no i do not thing that bitcoin can help poor countries because the poor countries have no facilities available to them, they cannot even trade bitcoin because they even cannot afford internet and cannot having good amount of money to buy bitcoin ,.

I think the country agrees that the poor have a lot of problems. not only financially but mentally, politics and so forth, but it is at least bitcoin might help the private economy of mass

In this statement of yours, you really have a big point on this matter dude! moreover, most of the people are uneducated and illiterate in many things.
But in bitcoin I think there is some other way that they can help them. Just, they must have a strong dedication or determination to know something if they have a big dream.

dearbesz1219

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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.

Indeed, Aside from that, the only thing we can say about bitcoin can help the poor the country is the major things that we really can do is we must establish first the community in the bitcoin world. we must change their mindset when it comes to bitcoin thought.

DrGuns4Hands

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Can help people to gain , but the whole country imo No.

DomesticTrader

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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 Bitcoin can help entire countries because that is just to much people and to much ground to cover which means spending allot of money.
Bitcoin can help some districts that maybe need it the most but not entire countries.

ovvidiy

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Get Rich? Help the poor! Or do not help - after all, you yourself just got and is not obliged to share with others. This ideological dilemma arises not only to individuals but also to entire nations and which, based on the values of a particular society. But bitcoin not so much to be a popular method of assistance.

sana54210

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Quote from: malikusama on October 04, 2016, 11:32:04 AM

It depends upon the knowledge and interest of people towards IT and bitcoin. If that country have maximum users of bitcoin and they have better knowledge about it then it will help them to earn handsome money form it. Economy of a country will rise when more people will earn their livings easily.

To make use of bitcoin for a better life, why they need interest on IT. Bitcoin is as simple as using mobile phone.

The only requirement must be a smart phone with data connection. In my opinion too, bitcoin will help poorer countries people to have some part time works to make their life comfortable by earning bitcoin and also by holding bitcoin as saving.

malikusama

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It depends upon the knowledge and interest of people towards IT and bitcoin. If that country have maximum users of bitcoin and they have better knowledge about it then it will help them to earn handsome money form it. Economy of a country will rise when more people will earn their livings easily.

bamboylee

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Quote from: bitlancr on October 04, 2016, 09:03:18 AM

Yes bitcoin could potentially help poor countries it depends in what way though it can not make them unpoor.
But it could maybe help the people there for more jobs cause bitcoin created some jobs if you think about it that way so maybe like that they could earn money.

Right. It may not help the whole country, but it can help the people in it to survive by having a part time income from bitcoin. Even the earnings from signature campaign can be great help if converted to local fiat.

bitdumper

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well i think yes it can help but that is mostly depend on those who will use it so it is on them how they will use it and also on bad or good side. but by default it will help them

Taki

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Quote from: Doamader on October 04, 2016, 09:11:28 AM

Bitcoin itself cant help poor countries, it might help some people which live at them, they can join a signature or even use faucets to start, and then build their own faucet or project as well focus into signature here, some people do live with 100 dollars monthly, sure inst the perfect live .

Sure it is not perfect life, but for some places in the world 100$ per month is normal thing. So I am agree with you that some passive bitcoin making as faucets can bring some money above to their ordinary money. It can be good undercooking to such places.

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