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Topic: Can Bitcoin help poor countries? - page 77. (Read 73851 times)

full member
Activity: 210
Merit: 100
September 01, 2016, 06:10:44 AM
#38
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.

Good example is me, I m not poor but I m son of a small shopkeeper so putting my money on bitcoin is risky still with courage I did and now I m earning good sum. One more thing , bitcoin could indirectly help a county's economy.
full member
Activity: 238
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it's showtime
September 01, 2016, 05:30:51 AM
#37
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

The problem is how bitcoin help poor countries ? Bitcoin is works like fiat and i think bitcoin can't do anything to poor countries. Bitcoin is not free money and you need works to earn it.

I'm not talking bitcoin is a free money..
Think in that way: You live in a poor country and for example you create sites, and for that job you earn $1/hour, $8/day, 240$/month. (USD)
So now you discover a freelancer site base in bitcoin, and you can earn now $5/hour, 5x more.
Something like that Wink

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.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.

Because you live in a poor country you have to be less inteligent?  Shocked
It's all about opportunities.

well i kind of doubt it can help poor countries, but at least bitcoin can prevent the poverty rates, bitcoin has already help so many people in economic, but it cant make people rich, one of the way for bitcoin to help poor countries is by held a donation and the give to the poor countries

Isn't about get rich, it's only about a better life.

Bitcoin cannot directly help them. But someone good who is willing to use bitcoin to help is a good idea.
It has a lot of functionalities that can be useful to anyone, for anyone.
Too bad that it is more used in illegal activities.

Yeap, unfortunaly a lot of people use bitcoin to illegal activities, gamble or just faucets... Or think bitcoin is free money or scam... Or just speculation value.

We have to think big.

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin or any other altcoin cannot help any poor countries but these digital currencies can surely help poor people who uses bitcoin in the aspect of financial status. And every individual needs to work in bitcoin for as bitcoin helps every individual. 

TBH, I am poor and I am using bitcoin to help me in my daily expenses.  And it was really great that I came to know bitcoin and this community.

Yeap, is easy and good to receive in bitcoins, right?

Now, what's the next step? What can we create to interact with bitcoin to help our lives?
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Pesobit, Simple Yet Useful Coin
September 01, 2016, 05:11:12 AM
#36
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin or any other altcoin cannot help any poor countries but these digital currencies can surely help poor people who uses bitcoin in the aspect of financial status. And every individual needs to work in bitcoin for as bitcoin helps every individual. 

TBH, I am poor and I am using bitcoin to help me in my daily expenses.  And it was really great that I came to know bitcoin and this community.
hero member
Activity: 798
Merit: 505
September 01, 2016, 04:59:18 AM
#35
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.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.
I think it's possible. in fact bitcoin provides employment for many people. you know there are many millions of users in bitcoin get money or a salary of bitcoin. regardless of their method of get bitcoin? but I'm sure someone can get rich from bitcoin

Yep! Here in our country lot of people dont have a job after finishing their education and they end up in their house just surfing internet just like me when i dont find a job(but now i do have a job) . Just surfing to internet and feel useless but because of bitcoin i earn not really a lot but it can make me buy something like foods or etc Smiley .Yes! bitcoin can help poor people like me
hero member
Activity: 490
Merit: 500
September 01, 2016, 04:55:24 AM
#34
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.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.
I think it's possible. in fact bitcoin provides employment for many people. you know there are many millions of users in bitcoin get money or a salary of bitcoin. regardless of their method of get bitcoin? but I'm sure someone can get rich from bitcoin
sr. member
Activity: 406
Merit: 250
September 01, 2016, 04:50:45 AM
#33
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

The problem is how bitcoin help poor countries ? Bitcoin is works like fiat and i think bitcoin can't do anything to poor countries. Bitcoin is not free money and you need works to earn it.
hero member
Activity: 1040
Merit: 538
Defend Bitcoin and its PoW: bitcoincleanup.com
September 01, 2016, 04:47:48 AM
#32
I am not too sure about a whole country, but Bitcoin can certainly help poor induviduals, as long as he has a computer/laptop/mobile phone with at least wi-fi internet connection. Bitcoin and this community sure did help me, I am not poor but I do not own a credit card and my parents do not like paying for games and digital goods, so I use Bitcoin for it. It is very helpful and easy to earn in smaller amounts, such as in various tasks for other people and signature campaigns.
sr. member
Activity: 476
Merit: 250
September 01, 2016, 04:47:15 AM
#31
Bitcoin cannot directly help them. But someone good who is willing to use bitcoin to help is a good idea.
It has a lot of functionalities that can be useful to anyone, for anyone.
Too bad that it is more used in illegal activities.
legendary
Activity: 1666
Merit: 1001
September 01, 2016, 04:37:58 AM
#30
well i kind of doubt it can help poor countries, but at least bitcoin can prevent the poverty rates, bitcoin has already help so many people in economic, but it cant make people rich, one of the way for bitcoin to help poor countries is by held a donation and the give to the poor countries
sr. member
Activity: 334
Merit: 250
September 01, 2016, 04:36:21 AM
#29
yes i think it could,if there is much and proper circulation of it...and also means of investing in it...to gain more profit..i think it can..
hero member
Activity: 924
Merit: 506
September 01, 2016, 04:24:49 AM
#28
you are asking the wrong question here what you should ask is that whether or not poor countries could use block chain technology and adopt it widely to help themselves, answer is yes and they really should do it.
sr. member
Activity: 378
Merit: 250
September 01, 2016, 04:09:19 AM
#27
Bitcoin can help in poorer countries to some extent. I read an article about a teenage kid, who was working on the farm although she was qualified in other fields. A philanthropic company called her up and gave her a vacancy. She didn't have a bank account or anything like that. Therefore, the company who was quite familiar with Bitcoin paid her in Bitcoin.

This is just one example of how Bitcoin was used for good in poorer, second-world nations.

Smiley
sr. member
Activity: 350
Merit: 250
September 01, 2016, 04:05:15 AM
#26
People from poor countries could do some jobs for bitcoin, bitcoin rises they get more networth and have more to spend > country gets more money tada magic solution. But ofcourse it's not that simple sadly enough.
legendary
Activity: 854
Merit: 1000
September 01, 2016, 04:03:38 AM
#25
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin can save on some expenditures but it can not completely eradict poverty as it is a very complicated economic problem.Bitcoin can not make them rich
sr. member
Activity: 364
Merit: 250
September 01, 2016, 03:58:06 AM
#24
Yes if bitcoin would be used in poor countries then less money would "disappear" and the money would be more global and worth equally. Not saying it could save the countries but it could definitely help in some way
legendary
Activity: 1652
Merit: 1000
September 01, 2016, 03:56:13 AM
#23
i think bitcoin can't and not that great because if we distribute bitcoin to the poor countries will doesn't automatically help them because the problem of poverty cannot solved easily and i think this problems is too complex but maybe we as bitcoin users can help them with small things such as donation our bitcoin to those countries maybe this is indirectly will help them even just a small help
legendary
Activity: 1526
Merit: 1001
September 01, 2016, 03:51:25 AM
#22
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin has made people's life easier because through bitcoin people can earn good money if they live in a poor country, for example offering any service and if they can't get paid through paypal because their country is not supported then bitcoin is perfect.
legendary
Activity: 1960
Merit: 1026
September 01, 2016, 03:49:27 AM
#21
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.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.
member
Activity: 88
Merit: 10
September 01, 2016, 03:44:12 AM
#20
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.
full member
Activity: 238
Merit: 100
it's showtime
September 01, 2016, 03:30:18 AM
#19
Bitcoin might be able to help reduce curruption on some levels and make it harder for public money to dissappear in the hands of the few (e.g. charity money can be traced on the blockchain and verified what it is spend on).

It's nice to see a comment like that, it can help ALL countries, not just the poor.

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.

Yeap, that was my first thought: you can do online jobs and receive on bitcoins, so you can have a better $/hour.
but the poorest contries/people don't have access to a computer/internet or skills.

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.

Well, the first comment shows to us the bitcoin can help against corruption and that's a big step.
Maybe a altcoin related to education? Other day I saw a altcoin related to chess, where kids can earn playing, maybe someone can make something like that.

Poor countries need a very optimistic government towards new tech so that they can embrace bitcoin like tecnology and support mining bitcoin to generate free foreign currency which they can use to increase their USD holdings to become stronger economically. But most of the poor countries are poor due to corrupt political system and political unsatability and they don't have enough time to consider and learn about bitcoin.

Like a altcoin used as second currency? And instead of big taxes, the government can mine the coin?
Yeap, for sure it's more easily to rich countries do that.

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
For me bitcoin can't help the country when the country is poor some countrybare populated but if a poor people start using bitcoin probably it can help them to earn money for their selves because poor people is the problem of the goverment and not a bitcoin problem

Sometimes poor countries are explored by rich countries too. oil, diamonds...

Government of the poor countries doesn't have the infrastructure to adopt bitcoin as a currency, neither they have willingness.

Yeap, infrastructure seems to be the major problem. What if some countries, for example 6, set up a union and create a altcoin?
The price will increase a lot if they use it as a secondary currency, the taxes between that countries can go down and heat the commerce
Like the European Union(I don't understand to much about the EU, don't know all the benefits/evils)

Bitcoin cannot help a poor country. I have the following reasons which I would like to site:

Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.
Low Security measures - totally insecure to them since they have very low knowledge
Low Fees for miners - This will hurt miners
Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.

Yeap, that reasons is a good point.
Now think about that, can bitcoin or a altcoin bring more tecnology to poor countries?
For example, the government creates a "Example Coin" to use as secondary currency, they can open a big miner to mine this coin, the altcoin will increase the value, government can use that valorized coin to buy computers to schools and/or for people in general, the government can pay peoples to teach others. And after people start to use, it will maintain a good price. And tecnology can bring knowledge. And well, I think this can be done with smartphones too, nowadays have some real cheap(they can use to read news, ebooks, forums, everything).
The government can use the coin to invest in tecnology.
Or not.

I don't think so. These countries are poor for a reason. If you would look at them with caution, you will find out that these countries' governments have either not accepted US's rules or got some mass of oil or commodities. Anyways, I'm going off topic right now.

Bitcoin can't help poor countries, except if there was a donation or something where we could send our money to be spent for the poor. However, we've seen many of these 'donations' and no change at all so...

Yeap, major problem is the government(inside or outside)

Donations are there since a long time, I think poor countries need something related to education, I mencioned a "example" of a altcoin related to chess in other reply..

yes bitcoin can help poor countries. Just like what happened to me and my peers who are living in a third world country. Before many of us do not earn while at home and some just sit on the couch and watching television. But when bitcoin came into the picture within our homes we can earn thru online jobs and signature campaigns and from investments. By sitting on the couch and facing the computer we are earning bitcoins and convert it to cash.

Good to read that, maybe you can learn to use some softwares like Photoshop or something like that to earn more and have a job!

Bitcoin or any other altcoin cannot necessarily help poor countries. Not everyone in third world countries has an Internet access, and even if somebody has an Internet access, it doesn't assure that he is interested or is he knowledgeable about Bitcoin. I think the only people that can financially helped by Bitcoin are those that have a deep knowledge about it. The trading, gambling, and other stuffs that you can do with Bitcoin can only be obtained through experience and an intrinsic interest towards Bitcoin.

Yeap, the tecnology factor is a problem. Now... How can bitcoin/altcoin bring tecnology to poor countries?

Help a poor country means? To grow? I don't think so if it's only bitcoin. Honestly, even bitcoin will be accepted in a country, that country must not depend their economic growth on it. Of course every country has their own ways to be productive and grow, if ever, bitcoin will just be an addition to that. It can help those unemployed citizens individually if they will be giving such effort to learn about it and earn it.

To help with financial status, to bring knowledge to people, to bring more tecnology to this countries, I think a computer/internet can open ways, and people can use it as a second currency, maybe doing online jobs. You know, they receive a very small salary, with training they can earn in a month what they earn in a year. Of course it would be in long term.
Well, I don't have the magic formula to this.


Bitcoin itself cant help poor countries but it can help people to earn money with bitcoin. and if you are a hard working person, you can take it as a full time job and help you somehow to have a good life.

So how people from poor countries can work for bitcoin if internet connection is really horrible? Also how they will do such bitcoin earning method if they are lacked of devices?

And more importantly, how they can use their bitcoin if no exchanger that has a convertion services is not available since I think no exchanger will opened services for poor countries due to lack of accessibility.

Yeap, the internet connection must be a giant problem. I'm thinking about how the bitcoin or a altcoin can bring more tecnology to this countries, but I still don't know.



Thank you all for the replys
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