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Topic: Can Bitcoin help poor countries? - page 70. (Read 73888 times)

full member
Activity: 238
Merit: 100
it's showtime
September 05, 2016, 10:54:12 AM
Today I was watching a video on youtube about the blockchain, I think it can worth your time
https://youtu.be/og7PCYlDYsU?t=9m49s
I skipped to the part he talk about a thing similar to my question, however the entire video is nice
member
Activity: 112
Merit: 10
September 05, 2016, 10:50:28 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.

You are correct, dude. Btc can help and improve poor people, in Africa, Asian countries. They can make bitcoin by solving captcha, posting and do social campaign. Although the money is not a lot, it still can help to improve their life.

Unfortunately, it can't help all people that lives in a poor country but maybe it would only lessen to the people leaving in poor countries in a way that they can earn money using bitcoins, they can buy something they want using bitcoins, and other ways but you must to work hard so that even in a small way you can help to solve the poor countries and that's already a big achievement  Smiley
sr. member
Activity: 336
Merit: 250
September 05, 2016, 10:40:34 AM
Bitcoin is a currency and an exchange system, it wouldn't help poor countries directly (although there are plenty of charity works taking BTC) but it might help the residents and those living in poor countries in getting money and sending it. Therefore indirectly helping there countries.
Indirectly helping there countries so it still help poor countries right? Wink  Yes it could help the residents or the people in getting and sending money.  But that was just a part of bitcoin on what it can do.  It could help the people of those poor countries to have a source of income.  Those who were unemployed but can and with have access to computers and internet could help atleast their families even with small earnings from bitcoins.  We know what bitcoin can do.  We know that we could use it to invest, to trade, and to earn money. 
sr. member
Activity: 294
Merit: 251
September 05, 2016, 10:32:47 AM
Bitcoin is a currency and an exchange system, it wouldn't help poor countries directly (although there are plenty of charity works taking BTC) but it might help the residents and those living in poor countries in getting money and sending it. Therefore indirectly helping there countries.
hero member
Activity: 770
Merit: 500
September 05, 2016, 08:38:32 AM
I think to certain extend it could reduce corrupt handling of poors, since Bitcoin makes it harder to keep the full control of benefits and what each one does.
you are most probably right, in my opinion bitcoin is going to be growing huge a lot in the future, i think that it will make me some good money and it will help the poor for sure
legendary
Activity: 3108
Merit: 1290
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September 05, 2016, 08:13:38 AM
I think can not, because bitcoin required to work with, if those people in the poor country can not access bitcoin they will not start earning in bitcoin. also if they can not afford to buy mining tools bitcoin can not help them without those things.

Your are somehow correct but there are still ways to earn bitcoin since internet  is everywhere its really up to a person which  he would use  and maximize  to earn  or do nothing at all to earn bitcoin. Bitcoin would  be helpful but you must work and  not just wait for  a blessings to come lol.
You definitely have to work for your plan because nothing is easy in this world, we can only make money if we were able to work hard and smart. Let us remember that the competition is everywhere either in online or physical job so we need to value our work especially when we are living in poor country.
legendary
Activity: 1386
Merit: 1020
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September 05, 2016, 07:53:11 AM
I think can not, because bitcoin required to work with, if those people in the poor country can not access bitcoin they will not start earning in bitcoin. also if they can not afford to buy mining tools bitcoin can not help them without those things.

Your are somehow correct but there are still ways to earn bitcoin since internet  is everywhere its really up to a person which  he would use  and maximize  to earn  or do nothing at all to earn bitcoin. Bitcoin would  be helpful but you must work and  not just wait for  a blessings to come lol.
sr. member
Activity: 406
Merit: 250
September 05, 2016, 06:48:53 AM
I do not think it can, bitcoin are required some investment, you need to have internet connection, laptop or smart phone if those people in that country can provide that i think it will helps that country.
hero member
Activity: 812
Merit: 500
September 05, 2016, 05:06:21 AM
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Earning wise Bitcoin really help the poor peoples, but so far as i know most of the countries are not using the bitcoins and altcoin, and also a huge people have no knowledge about bitcoin and trading, but if they know about it, than really bitcoin help them and give them a source of income.
As we are earning the behalf of bitcoins and altoin trading.   
hero member
Activity: 1274
Merit: 513
September 04, 2016, 10:26:29 PM
I don't.think bitcoin help poor countries
All countries need a good leader and government officials don't.be corrupt to.become success
Need also help your self to become success because if your success your country also
Successful
hero member
Activity: 518
Merit: 500
September 04, 2016, 10:24:42 PM
Even poor (also called developing) countries now have basic technology that people can use to access bitcoin. But it would be hard to teach them something like bitcoin if they are so used to their traditional ways of transacting. It might help them big time if only they can be imparted with the knowledge on the benefits they can get from using bitcoin.
hero member
Activity: 714
Merit: 531
September 04, 2016, 10:19:41 PM
I think can not, because bitcoin required to work with, if those people in the poor country can not access bitcoin they will not start earning in bitcoin. also if they can not afford to buy mining tools bitcoin can not help them without those things.
hero member
Activity: 672
Merit: 500
September 04, 2016, 05:57:36 PM
Poor countries dont have tecnology and i think bitcoin is for hight tecnology because of bitcoin cant change anything for poor countries  so bitcoin cant help poor countries .

Bitcoin do not need any high technology but it only need a connection of internet to your PC and knowledge about bitcoin, and with that people from poor countries start to earn some income for their family support and better life.
newbie
Activity: 5
Merit: 0
September 04, 2016, 05:01:45 PM
i think it can because it is a perfect technology
hero member
Activity: 1582
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September 04, 2016, 04:58:35 PM
Poor countries dont have tecnology and i think bitcoin is for hight tecnology because of bitcoin cant change anything for poor countries  so bitcoin cant help poor countries .
newbie
Activity: 28
Merit: 0
September 04, 2016, 03:56:10 PM
Bitcoin can help countries depending on what they are trying to use it for.  For example the Ukraine was considering investing in Bitcoin to get around its economic sanctions with Russia.  This could definitely help out the Ukraine.  Greece also benefited from investing into BTC when their currency hyperinflated.
legendary
Activity: 1120
Merit: 1000
September 04, 2016, 01:59:00 PM
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Yes, Bitcoin definitely can help people living in poor countries. Here are just two examples how:

1. People from poor countries can earn Bitcoin doing some services online (like coding, photoshopping etc.)

2. They can find something which is cheap in their country but is in demand in rich countries and sell it via post making profits.

Well, you also can do those even without use bitcoin as payment method or currency, so it don't change anything.
Maybe you should think if those poor people don't have internet connection or computer, how bitcoin can help those people?
I completely agree with you, i just don't get it why do people keep saying that bitcoin can help poor country, cmon bitcoin is just like money or other currency it doesn't make any difference at all, moreover bitcoin is decentralized so for the poor country that will adopt it i think this is not a good idea since bitcoin is uncontrolled, the government can't taxed it for any transaction you've done, they can't earn benefit from it obviously, even though the government do mining they will need more resources and capital to earn profit for support their country, just my thought.
hero member
Activity: 2450
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September 04, 2016, 12:56:54 PM
I think that not only bitcoin but very big bitcoin datacenter can help poor countries to become more famous and develope their it skills and thing about bitcoin. For example BitFury opened a one of the biggest datacenter in georgia, so many people now know more about this country and there is a chance of more investors.
member
Activity: 105
Merit: 10
September 04, 2016, 12:15:28 PM
When a poor country use the bitcoin as the main currency, there will be inflation, people will not be robbed by inflation.
legendary
Activity: 1554
Merit: 1054
September 04, 2016, 12:09:05 PM
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
I do agree that bitcoin can help poor people but I don’t think that bitcoin as well as other cryptocurrencies have any solutions for the poverty of some countries. They can easily make money by doing some online jobs or some simple things that don’t charge any extra fees and if they have a little bitcoin then they can use it to invest.
However, on a bigger scale like a city or a country, bitcoin hardly do anything to save that city or country out of poverty.
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