Can Bitcoin help poor countries? - page 58.

chaser15

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Quote from: Pursuer on September 29, 2016, 01:41:56 AM

Quote from: chaser15 on September 29, 2016, 12:51:56 AM

Quote from: virtualx on September 28, 2016, 08:57:46 PM

Quote from: Hugroll on September 28, 2016, 08:50:51 PM

i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

No, you can send and receive bitcoins without internet using a 3rd party.

3rd party? Can you tell what is that? Bitcoin is useless without internet.

Even they can send this possibly without internet, how will they able to use it without an active data connection?

the only thing that I can think of which works with his idea of using bitcoin without internet is to buy bitcoin in form of a paper wallet or physical coins and trade it that way but when you think about it really bitcoin without internet is meaningless and any method that you come up with is also pointless and a lot more hassle than using it like a normal human being with internet !

Yes or maybe buying a hardware wallet which has bitcoin loaded.

But like I said even that is possible, it's really useless since what is the use of having bitcoin if there's no internet around. Just to wait for price increase? Hmm not a good idea in my case since Im doing something to my coins whenever there is a large price movement increase.

Pursuer

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Quote from: chaser15 on September 29, 2016, 12:51:56 AM

Quote from: virtualx on September 28, 2016, 08:57:46 PM

Quote from: Hugroll on September 28, 2016, 08:50:51 PM

i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

No, you can send and receive bitcoins without internet using a 3rd party.

3rd party? Can you tell what is that? Bitcoin is useless without internet.

Even they can send this possibly without internet, how will they able to use it without an active data connection?

the only thing that I can think of which works with his idea of using bitcoin without internet is to buy bitcoin in form of a paper wallet or physical coins and trade it that way but when you think about it really bitcoin without internet is meaningless and any method that you come up with is also pointless and a lot more hassle than using it like a normal human being with internet !

mirakal

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Quote from: prabowo96 on September 29, 2016, 12:55:25 AM

Quote from: chaser15 on September 29, 2016, 12:51:56 AM

Quote from: virtualx on September 28, 2016, 08:57:46 PM

Quote from: Hugroll on September 28, 2016, 08:50:51 PM

i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

No, you can send and receive bitcoins without internet using a 3rd party.

3rd party? Can you tell what is that? Bitcoin is useless without internet.

Even they can send this possibly without internet, how will they able to use it without an active data connection?

I think they are saying something like speculation, for example you paid to a 3rd party buy the bitcoin for you, and you store it in a pen drive for example and keep it safe for 10-20 years...
However I don't think it's a solution.

We have to accept the fact that bitcoin is only for online transaction, and since majority of the transaction in this world are not made online so it would not help the majority of people, the only people who will be benefited with this is those who regularly do online transactions, remittances could be a great help for the poor countries.

prabowo96

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Quote from: chaser15 on September 29, 2016, 12:51:56 AM

Quote from: virtualx on September 28, 2016, 08:57:46 PM

Quote from: Hugroll on September 28, 2016, 08:50:51 PM

i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

No, you can send and receive bitcoins without internet using a 3rd party.

3rd party? Can you tell what is that? Bitcoin is useless without internet.

Even they can send this possibly without internet, how will they able to use it without an active data connection?

I think they are saying something like speculation, for example you paid to a 3rd party buy the bitcoin for you, and you store it in a pen drive for example and keep it safe for 10-20 years...
However I don't think it's a solution.

chaser15

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Quote from: virtualx on September 28, 2016, 08:57:46 PM

Quote from: Hugroll on September 28, 2016, 08:50:51 PM

i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

No, you can send and receive bitcoins without internet using a 3rd party.

3rd party? Can you tell what is that? Bitcoin is useless without internet.

Even they can send this possibly without internet, how will they able to use it without an active data connection?

prabowo96

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it's showtime

Quote from: virtualx on September 28, 2016, 08:57:46 PM

Quote from: Hugroll on September 28, 2016, 08:50:51 PM

i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

No, you can send and receive bitcoins without internet using a 3rd party.

What about the taxes to this 3rd party?
A lot of money going to the trash?
The poor people are the most taxed people.

virtualx

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Quote from: Hugroll on September 28, 2016, 08:50:51 PM

i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

No, you can send and receive bitcoins without internet using a 3rd party.

Hugroll

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i don't think it can because to give everyone in the poor country the ability to send and receive bitcoins. it would require internet access all over the country and everyone would need a smart device. bitcoin is the currency of the future, i dont think it fits best for third world countries.

mace15

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I think no, bitcoin can't help a poor countries.
But definitely you help a poor person through bitcoin.
Though bitcoin is being popular in the country but not
all people use to it. You can help a person by introducing
a bitcoin on how to earn in bitcoin. On how to earn profit
in bitcoin

rickadone

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Quote from: jayce on September 28, 2016, 09:04:14 AM

If it means bitcoin can help poor countries become rich someday, then it cant. But if the question is "can bitcoin make people's life in poor countries become easier?", the answer is yes. I think thats one of the purposes why bitcoin is created.

No, bitcoin has all the potential to help both country and its people. It may help a country by re-infrastructure its financial system, like what was prescribed to Greece when it had faced economical crisis last year.
Similarly bitcoin might help a country's people, to earn better by providing them some proper opportunities up to their knowledge and feasibility.

kanazawa

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Sure it could help, and one example is Brazil and Argentina. Many people don't feel confidence in their official currency, so they buy Bitcoins. And in a matter where you will have a inflation hate in the house of 12% in Brazil, Bitcoins had just 4%. So it was in Venezuela. Many Latam countries has this profile and people who are brave and who follow the world news (and it's the minority of people in this countries) got a bettet condition because they exchanged money long time ago, so they did the investment when their currency had some value. Many people reached the possibility of getting out of their hellish countries like Venezuela, and many don't lose a sack of money by the misgovernment and the disrupt in their local economies.

J Gambler

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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?

Well yes if they know how to use bitcoin and how they gonna earn bitcoin for free
sometimes lots of people are not familiar with this currency thats why they asking what they gonna do if they visited this forum
but for me they should focus on searching to find answer for there questions its easy to search

BlackPanda

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of course, bitcoin can help underdeveloped countries. with bitcoin then a country's population can work easier.
will be a lot of jobs available. and also will increase the outstanding economic.

danherbias07

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It could be with tge help of some government parties. There are fields who are best with this kind of helping poor people from different parts of the countries. I think you would need to connect with them for safe issues. You wont be really sure with just posers on some social media.

phreaky

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Bitcoin could help poor countries obviously but it depends in what way. Maybe if we would all have the same currency then the 3rd world countries could get a little bit higher up and try to fix the country more but most countries 3rd world are corrupted though.

jayce

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If it means bitcoin can help poor countries become rich someday, then it cant. But if the question is "can bitcoin make people's life in poor countries become easier?", the answer is yes. I think thats one of the purposes why bitcoin is created.

haankoammu

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it's not giving help to countries themselves but can significantly help the citizens of such countries earn money and therefore improving the foreign currency reserves of such countries if people use it, Directly I think it doesn't significantly impact countries though.

Doamader

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Quote from: bryant.coleman on September 28, 2016, 05:48:55 AM

I believe that Bitcoins can help poor countries in a big way. If you look at the poorest countries in the world, it is evident that banking cartels are making huge amounts of money by exploiting the hard working people who are unfortunate enough to be born there. Even remittance payments are getting fleeced. Western Union sometimes charge as much as 15% of the total amount to send money to third world nations. Bitcoin can eradicate this exploitation.

I do believe it would be more it could help those countries from the abuse of the system, but who would risk to buy or sell bitcoin into a country where the cartels rule? Cartels wont allow any act like those to happen, even with that benefict all the people, if cartels do see the opportunity to help the people they might do those service, besides that i doubt anyone wanna risk their life this way.

TastyChillySauce00

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Quote from: Rostadom on September 28, 2016, 06:18:30 AM

I think Bitcoin has helped a lot of people including, but not limited to, poor countries. Even in third world countries, there's an Internet connection. It might be slower than those of first world's, but speed of the Internet isn't actually enough force to stop someone doing Bitcoin.

Since most people in poor countries struggle to find a job because they don't have a degree, or maybe it was just because of their crazy government. Whatever the reason is, they could always earn money from Bitcoin.

i think the internet speed doesn't give an affect that much especially if you're mining but as i see most of developing country are now having an LTE connection or even fiber optic but didn't really know about developing country in african ,but that connection above could be considered as above average for doing anything with bitcoin

Rostadom

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I think Bitcoin has helped a lot of people including, but not limited to, poor countries. Even in third world countries, there's an Internet connection. It might be slower than those of first world's, but speed of the Internet isn't actually enough force to stop someone doing Bitcoin.

Since most people in poor countries struggle to find a job because they don't have a degree, or maybe it was just because of their crazy government. Whatever the reason is, they could always earn money from Bitcoin.

Topic: Can Bitcoin help poor countries? - page 58. (Read 73851 times)