Topic: Can Bitcoin help poor countries? - page 60. (Read 73851 times)

Why do you think that bitcoin can help poor countries i dont see the point because if you want bitcoins you need to put money into it and poor people does not  have money for bitcoins how would it help them.

These are applicable to almost every country not just for poorer countries. Having bitcoin as a parttime earning resource, might be more beneficial to every country people, and I too agree particularly for poorer countries.
In some underdeveloped countries the average per capita must be very less so for them making a living with the bitcoin must be much easier.

Yeah, true, it could really help those poor citizens as long as they have access to internet.. It may need a little effort and dedication for bitcoin to lift their way of living. But I think I can't recommend going full time in bitcoin if they find that they are earning because of it, there might still be a good opportunity for them outside.

Indeed but what if they can earn them trough for example services or forum campaigns. This would create "jobs" for the people by bitcoin. So yes I believe bitcoin can help poor countries.

I do not know whether bitcoin or other altcoin can help poor countries. But in my opinion it would not help anything because it will not hurt anything. But to facilitate poor countries to earn income for its residents it could happen.

fees and taxes are different things. the fees you pay for a bitcoin transaction stay within the bitcoin world. if you pay some extra fee for some service, then the party providing the service is getting the money. but if you buy something the price usually includes taxes that the government collects from the seller. so if you can buy an item for a certain fiat price but get a significant discount if you pay in bitcoin, then you pay no taxes or to be more precise: the seller pays no taxas, which would be illegal. 

Maybe you are not aware that your bitcoin wallet already do the paying of taxes on the services you get from them everytime you use your bitcoin.  Here in our country it is not clear for me if bitcoin is legal or not.  All I know is that the bitcoin wallet that I am using is operating legally.  We could make money deposit to buy bitcoin through banks and cash remittances.  We can pay our credit card bills using our bitcoins and other services.  Maybe because of some fees that we give it does do the job on taxes.

It can just the way any currency can help the countries,it's actually more to do with the willingness to help than in what way you're going to do it,that's for sure,at least that's my opinion but I think most will agree.

Well if it is the government, I think there's no need for bitcoin to extend help to a government, but it will be a good help to those people in a certain poor country so they could have income if they work for it, but I doubt it if earning it should be considered as a major source of living, that won't suffice for the whole family...

maybe yes maybe no, but in my country btc has not been included in the list of goods that use tax. so i think for now my country doesn't have income from btc. of course if future people who has known and used btc so high, probably my country will give tax for btc so them can get income from this.

I really don't think signature campaigns and/or faucets can make you goes away from poor.
This things can go away tomorrow, so you will be poor again?
People have to think in future, not in the present only.

Poor countries are on crisis right now ! if they really know what is bitcoin is ofcourse there are chance that people can change their lives because of bitcoin i was a poor last year and i know about bitcoins then i was trying to configure it out on how it really works from the internet then now  im earning from signature campaign.

I don't think there are any country which don't have internet facility even if they are really poor country. But cost of using internet may be high on poor countries and poor people have to struggle to find good internet at cheap price, but even with slow internet connection people can use bitcoin web wallets.

I think it helps a country does not have the official activities seen by the government, I think users in a country does not necessarily need a legality of using bitcoin, because bitcoin anonymous and they will not know if you're the bitcoin, so you can make a lot of money from bitcoin and save your life

Yes, it can greatly help them. The remittance market is huge especially in developing countries and also it is helping small guys from the countries earn money that is helping them to improve their standard of living because unemployment seems to be quite high in this countries

I don't think so that poor countries have a good internet connection and banks that offers convertion of bitcoint into fiat money. But bitcoin can help poor countries by donating some BTC on organization that helps poor countries. Just like minerjones, He always made an auction for charity. And that is the good example that bitcoin can help others

Bitcoin could help poor countries in a different kind of way for example the people there can help themselves if they have acces to internet then they could do for example forum campaigns that already pays more then their minimum wage in some countries.

I dont agree. Im from poor country. It doesnt mean that you are poor you cant use bitcoin! No. it also doesnt mean that you are  poor you cant have bitcoin! Im in bitcoin world almost a year and take note im a poor one! So why i do have btc right now? As long as you can access internet then it is alright!

Hey

Been researching this for a few years now. Have a paper published to my name on the same topic.
Down to the question
 

-Can Bitcoin help poor countries ?

Theoretically, yes.
However, you need to understand a nation being economically poor is not only the result of the financial system it follows but also of its culture, accepted norms (income inequality for instance) and productivity. Yes, you could bring Bitcoin to a nation like Bangladesh or India, but will it make people rich ? Heck no. People being paid in Bitcoin for the work they do in factories is not going to make any difference. However, if say skilled IT workers in India have an opportunity to interact with the global economy at ease via Bitcoin and seek payments without scrutiny from their government at ease, you've got a system that works. But, are skilled IT workers poor in India ? No. They live at a decent level.

My point being - when you say "poor countries", you have to define what is poverty.
Is it people who can afford a house but not luxuries in it.
Is it people who have a farm but no produce off of it.
Is it people that are in the streets with no access to technology.
If it is the last few, then how will Bitcoin reach them and if it does how will they protect their money.

I think its time people got their heads out of the sinkhole and looked at Bitcoin as the only solution to poverty alleviation.
Want to beat poverty ? Look at Grameen Bank in Bangladesh. Launched by Muhumud Yusuf in the 70's the organization took over 30 years to attain scale, however, in the process they managed to generate credit for millions of women who were otherwise deemed not  creditworthy. That was the work of a bank -not a decentralized entity. Similarly, in India the cost of transactions are sow low, it doesn't make sense for a person to depend on a blockchain to get their business done.  Poverty alleviation is a result of drastic changes in mindset and the ecosystem at large.

Bitcoin is only one tiny aspect towards it.
Is it contributing ? Heck yes.
s it the solution ? Hell no.

Do you really think that bitcoins can help poor countrys i dont think so because i know that the bitcoin will only help people who are rich because do you see the price if you are poor you can tbuy bitcoins at the moment.