Can Bitcoin help poor countries? - page 65.

Aamir1

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Quote from: RoommateAgreement on September 11, 2016, 08:07:10 AM

bitcoin is not mother thresa to help poor countries, bitcoin is just another currency like any other with some extra features.

it is up to the people of those countries to start thinking for themselves and earn money, but yes if they can start earning bitcoin online that would be a great help for them financially.

Bitcoin is probably a currency like others but earning it online is way easier than other currencies i guess so if the people in poor countries come to know about this so they can get good financial help as you mentioned, i have seen a person who said his monthly salary is $80 and he runs his family with that money so you can imagine what bitcoin can do for people like him.

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Quote from: Mastsetad on September 11, 2016, 11:34:38 AM

Quote from: emezh10 on September 11, 2016, 06:26:46 AM

I don't think that it will because people will be too poor to buy bitcoins

Buying is not always important but people can also earn them as that is what me and a lot of people are doing in this forum, buying is for those who can afford it but not for those who cannot.

But the problem is the access.

If quite we don't have a problem accessing the internet then it's different for those people in poor countries. Most of the families there care for their budget and don't want to spend single bucks on the internet or even for a gadget. Also the internet access can only be accessed in those centralized places which is rarely rate since most of them lives on a rural community where internet can't reached.

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Quote from: emezh10 on September 11, 2016, 06:26:46 AM

I don't think that it will because people will be too poor to buy bitcoins

Buying is not always important but people can also earn them as that is what me and a lot of people are doing in this forum, buying is for those who can afford it but not for those who cannot.

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Where do you suppose these people charge their cell phones?

Universat

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Quote from: emezh10 on September 11, 2016, 06:26:46 AM

I don't think that it will because people will be too poor to buy bitcoins

yes it is a fact that poor people cannot afford bitcoin to buy, as the currency of some countries is very low as compare to USD, just line india and pakistan whos currency is too low as compare to bitcoin but still we can see people from these countries to invest money in bitcoin, but i think they will be feel it to difficult to invest because their currency is too low as compare to USD.

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Quote from: vindicare on September 11, 2016, 06:03:09 AM

it can help if the people of that country would know how internet work first before implementing bitcoin , and still fiat overcomes bitcoin in this present day cause bitcoin can't buy foods for their daily lives and internet is a luxury to them .

Hmm you have a point but my idea is that teach people first how to use or how cryptocurrency work then internet matter would follow and i guess this is much better because when they've charged by those networks for their used data they can afford to pay.

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Bazinga!

bitcoin is not mother thresa to help poor countries, bitcoin is just another currency like any other with some extra features.

it is up to the people of those countries to start thinking for themselves and earn money, but yes if they can start earning bitcoin online that would be a great help for them financially.

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Quote from: Zadicar on September 11, 2016, 07:33:07 AM

Quote from: tyz on September 11, 2016, 05:55:45 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?

Two billion people do not have access to a bank account. This is a big drawback for economical growth. Bitcoin or solutions based on Bitcoin could solve this. You could also give the hugh amount of developing money from 1st world countries to spread it directly to the people with a blockchain-based solution instead of giving the money to mostly corrupted governments where the money never reaches the actual receivers.

This thing is one of the benefits of bitcoin which we could really do peer to peer transaction without any hassle of having a bank account as you said. I do agree with you that it could easily spread directly to the people. This way would somehow help on poor countries.

It can help to poor countries if you give it bitcoin directly to them but it is the best to give them a mining farm so that most of poor people can get benefits of bitcoins. also if they can manage it and save more bitcoins earnings they can inscrease the amount of their miner..

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Quote from: tyz on September 11, 2016, 05:55:45 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?

Two billion people do not have access to a bank account. This is a big drawback for economical growth. Bitcoin or solutions based on Bitcoin could solve this. You could also give the hugh amount of developing money from 1st world countries to spread it directly to the people with a blockchain-based solution instead of giving the money to mostly corrupted governments where the money never reaches the actual receivers.

This thing is one of the benefits of bitcoin which we could really do peer to peer transaction without any hassle of having a bank account as you said. I do agree with you that it could easily spread directly to the people. This way would somehow help on poor countries.

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Quote from: znickelbackz on September 11, 2016, 06:38:37 AM

Quote from: bravehearth0319 on September 11, 2016, 06:30:58 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?

Bitcoin/altcoin cannot help poor countries. But if the people will become open minded into it, there will be a chance to for a poor country to get rid of it to their poverty situation. if they can only build a big bitcoin community into that nation.

Why not? I'm from a poor country, bitcoin can help me, and I know there are lots of people from my country also being helped.

Well I am going to clarify that bitcoin is helping me since I am from poor country and I am a poor person. When I knew bitcoin it is really helped me a lot. And since I am still in college I am able to do both, trading with bitcoin and does able to study in college and I hope my country is going to realize that bitcoin is going to help a lot of people here.

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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?

Bitcoin is invention. Which can give better economy as well as transparency in financial transaction. Due to some innovative features like as Anonymous, instant, open source, transparent can give more better solutions which can reduce poority.

But if we consider formulation of Bitcoin, which need lots of computing power.

And poor country may cannot afford this much power cost to make sustainable environment for better digital and virtual economy which is based on cryptocurrency.

But Bitcoin can give opportunity to enhance better economy in poor country.

Long Live Bitcoin.

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Quote from: bravehearth0319 on September 11, 2016, 06:30:58 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?

Bitcoin/altcoin cannot help poor countries. But if the people will become open minded into it, there will be a chance to for a poor country to get rid of it to their poverty situation. if they can only build a big bitcoin community into that nation.

Why not? I'm from a poor country, bitcoin can help me, and I know there are lots of people from my country also being helped.

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Quote from: emezh10 on September 11, 2016, 06:26:46 AM

I don't think that it will because people will be too poor to buy bitcoins

if you have no money at all, then you are to poor to buy bitcoins. but other than that you can exchange your local currency for bitcoin for very small fees. in fact they are so small that you could earn them with some faucets or signature campaign.
sometimes i get the impression that people, that talk about bitcoin being to expensive, think you have to buy 1 bitcoin, like it would be not possible to buy 0.5 bitcoin.

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Quote from: emezh10 on September 11, 2016, 06:26:46 AM

I don't think that it will because people will be too poor to buy bitcoins

I have already said this other times in threads which have a similar name. It can really help poor countries. They don't need to buy bitcoins. They can join a signature here when they are full member and above rank to earn a bit of bitcoin. Also they can use faucetbox plus megatypers. This is truly helpful for countries like India or Bangladesh or Pakistan. I have seen many users from such countries trying to earn money with easy hits4u traffic exchange which pays very low compared to the methods I said.

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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?

Bitcoin/altcoin cannot help poor countries. But if the people will become open minded into it, there will be a chance to for a poor country to get rid of it to their poverty situation. if they can only build a big bitcoin community into that nation.

emezh10

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I don't think that it will because people will be too poor to buy bitcoins

Senor.Bla

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Quote from: 1Referee on September 11, 2016, 05:47:18 AM

Quote from: Senor.Bla on September 11, 2016, 05:38:51 AM

Quote from: 1Referee on September 11, 2016, 05:14:54 AM

Quote from: Senor.Bla on September 11, 2016, 04:12:42 AM

Quote from: 1Referee on September 11, 2016, 03:57:34 AM

Quote from: noictib on September 10, 2016, 11:31:23 PM

Yes definitely bitcoin could help poor countries. I am describing in short.

If people of poor country use bitcointalk then they will definitely make some money (btc) and by selling those btc they will get real money so neither they spend anything or there is waste of their country's currency. Still they managed to earn free money. So indirectly they helped their country.

I assume your are talking about them participating in signature campaigns to earn themselves some bits? What if at some point signature campaigns are not allowed anymore? Can Bitcoin still help these people according to you?

it does not matter if signature campaigns are allowed or not, since his whole argument makes no sense. in his scenario bitcoin is just used as a unit of money. it is exchangeable and not the source of the help. not bitcoin is helping in this case, but bitcointalk or the signature campaign or advertise in general. would this work without bitcoin? yes, so bitcoin is not the source of the help.

Your post does not make any sense towards what I was saying to the other person. Please refrain from quoting me if you have nothing to say.

you are funny. i just told you both that you are discussing a point that is irrelevant to the question of the op. and i included even some prove.
because if bitcointalk signature campaign would be paid in dollars and not bitcoin, then the "help" would be the same. therefore bitcoin is not the help. the help is the signature campaign or advertise if you want to be more general. your point of the possible end of signature campaigns and its consequences is irrelevant, since bitcoin is not the source of help.
if this is to hard for you to understand, it is ok for me. you can ignore me. i am sure someone can help you to find the proper button.

Well, it seems that you are indeed right on this point. I had to read your post more thoroughly before jumping on it. I wasn't fully awake yet I guess. My apologies for that.

no harm done, but i am glad you posted this. not many would especially on this forum. as annoying as this forum and the signature campaigns sometimes can be, i think it is a good think for bitcoin and the earnings are a nice source of extra money to some, so i do hope it will go one for a while.

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You mean the country in general? No it can't help a country solve their poverty issue. But certain individuals from that country if found the right way to earn Bitcoin will have the opportunity to earn a living with it. I mean if you are jobless and looking for a way to earn online then Bitcoin is the solution you are looking for. Individual can make BTC as part of their extra income. They can save it or invest it so that they have money to start a business or something to get out of the rat race.

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it can help if the people of that country would know how internet work first before implementing bitcoin , and still fiat overcomes bitcoin in this present day cause bitcoin can't buy foods for their daily lives and internet is a luxury to them .

teilwalL05

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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?

it can also help but of course it always need internet connection. If they will do this like what we do here in signature campaign I think it can also help other people to have their extra income like me, I use this as my extra income and it is good that I know that I can save money because of this. Wink

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