Can Bitcoin help poor countries? - page 9.

prabowo96

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Quote from: Xenophoto on November 23, 2016, 02:23:30 AM

Quote from: JANGKRIK BOSS on November 23, 2016, 02:11:50 AM

Bitcon have great opportunity for help anyone including the poor countries. With bitcoin surely open job opportunity like mining, mining tools, exchanger and more. The easiest and is able to make a wallet to donation from around the world.

Which opened a door of opportunities to poor people. Some people can't even afford to go to college. Learning how to use bitcoins surely enables them to earn some as well. They don't need the school to understand bitcoins since there are articles for that. Poor people can connect to the free wifi and in just days of studying, they'll be able to understand the basic things about bitcoin. A simple smartphone is what they need and even poor people have one of that.

More poor, less school.

Kids leave school to work and help the family, they don't stay much in school. Also they can't buy mining equipament, neither pay the eletricity bill for it.

You can't compare a poor guy with some blockchain genius, they have differents chances. Bitcoin/cryptos will be on poor countries just when someone go there and explain the benefits and how to use.

staff_1307

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I see only an option when one person makes a Bitcoin, and helps the whole country. Because Bitcoin itself a poor country can not help, just in these countries do not all people have the proper education.

rajasumi23

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No bitcoin would not be helping any poor countries .its not any public money that people can transact and solve any problems .bitcoins need investment and people need to earn it through their hard work .so please stop saying that it can help any poor countries .kudoos

Supercrypt

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Quote from: TheUltraElite on November 22, 2016, 11:57:50 AM

Quote from: BearNecessities on November 22, 2016, 11:54:56 AM

Bitcoin has a ability to help poor people like bitcoin give a platform to people to earn some money, its up to the people how much they earn from bitcoin and if you are talking about a whole country then it is difficult because bitcoin is not an NGO that will give people free money. Bitcoin is for those who are hard working.

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

Yes I am agree with you, if they have the facilities of using internet and having proper knowledge of computer then they can get benefits from bitcoin and bitcoin can help them, but in most of the poor countries as the literacy rate is too low so use of computer and internet also need proper awareness initially to get start with.

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Quote from: leonair on November 22, 2016, 10:01:32 PM

Bitcoin is a world virtual currency, not a virtual currency of a single country, because of this a single work or service that is offering a payment through bitcoin will be equal to all that can access this currency, no range of payment no matter what is your nationality. It can help poor countries!

Bitcoin for sure is a global virtual currency which means it can be used anywhere in the world regardless of the country or your own nationality, but i'm afraid if the people living in poor countries would even come to know about it, and if someone does then it might be hard for them to be involved with it all the time as they might don't have the things needed for it, like internet, computers etc.

Doamader

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Quote from: agatha818 on November 20, 2016, 05:41:06 PM

hello! Im in a third world country and bitcoin helps me a lot, just have to know the secret on trading and stuff, electricity is expensive here so mining may not be advisable, but since bitcoin has been sloping upward, i was able to make money and planning to buy solar panels to help me with mining, so, yes, i think bitcoin can help poor countries

just have to be resourceful and if you have all the equipments you need

Well its wizard the electricity being expenside at a third world, can you tell us which country and the cost of your energy where you live, where i live the energy its something like 10-20% the salarie, anyway its amazing to know someone willing to invest into mining process, when we all know thats something that may take some large period to achieve roi, i would advice you to invest directly into bitcoin, using it as store of value, or to trade.

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Quote from: bitcoinmasterlord on November 22, 2016, 09:08:10 PM

Quote from: Sithara007 on November 22, 2016, 01:45:58 PM

Quote from: TheUltraElite on November 22, 2016, 11:57:50 AM

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency.

But those people should know the ways of earning bitcoins then it will help a lot in poor countries with good internet connections. In India many places internet connections are quite slow but slowly getting better and people don't have an idea of how they can earn money in online.

It is not that easy to earn bitcoins, if you are not fluent in English. In countries such as India, very few people are knowledgeable about Bitcoins. And most of those who use Bitcoins tend to be from the urban elite.

Xenophoto

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Quote from: JANGKRIK BOSS on November 23, 2016, 02:11:50 AM

Bitcon have great opportunity for help anyone including the poor countries. With bitcoin surely open job opportunity like mining, mining tools, exchanger and more. The easiest and is able to make a wallet to donation from around the world.

Which opened a door of opportunities to poor people. Some people can't even afford to go to college. Learning how to use bitcoins surely enables them to earn some as well. They don't need the school to understand bitcoins since there are articles for that. Poor people can connect to the free wifi and in just days of studying, they'll be able to understand the basic things about bitcoin. A simple smartphone is what they need and even poor people have one of that.

JANGKRIK BOSS

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Bitcon have great opportunity for help anyone including the poor countries. With bitcoin surely open job opportunity like mining, mining tools, exchanger and more. The easiest and is able to make a wallet to donation from around the world.

goldcoinminer

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Quote from: Selly Arumsari on November 22, 2016, 10:29:25 PM

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?

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

Legalization of bitcoin could help them but will not make them rich. Most of the poor people are not smart to spot the opportunity and they lack education and since bitcoin is an online currency, basic education is required and you need to explain it very well to them for them to understand.

ardentvolcanoes

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Quote from: Sithara007 on November 22, 2016, 01:45:58 PM

Quote from: TheUltraElite on November 22, 2016, 11:57:50 AM

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency.

if ever they has smartphones and also an internet access so they have the opportunity to adopt bitcoin but for sure most people in the third world countries doesn't have the same stuff maybe they have smartphone but i don't know how many of them has internet access and I guess these people will be having a hard time to discover and understand how bitcoin works.

Selly Arumsari

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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?

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

leonair

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Bitcoin is a world virtual currency, not a virtual currency of a single country, because of this a single work or service that is offering a payment through bitcoin will be equal to all that can access this currency, no range of payment no matter what is your nationality. It can help poor countries!

Xester

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Quote from: Sithara007 on November 22, 2016, 01:45:58 PM

Quote from: TheUltraElite on November 22, 2016, 11:57:50 AM

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency.

maybe yes, and maybe no..all people have access now on internet, Bitcoins may help poor people because there are so many faucets giving away free bitcoins, all they need is time and effort, but freebies are not enough to cover poverty, They can also put a little investment but it also too risky because many scammers are waiting. Bitcoins can help anyone to earn money online with or without capital just have focus.

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Quote from: Sithara007 on November 22, 2016, 01:45:58 PM

Quote from: TheUltraElite on November 22, 2016, 11:57:50 AM

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency.

But those people should know the ways of earning bitcoins then it will help a lot in poor countries with good internet connections. In India many places internet connections are quite slow but slowly getting better and people don't have an idea of how they can earn money in online.

Omega Weapon

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Quote from: crwth on November 20, 2016, 12:47:08 AM

Quote from: bhadz on November 19, 2016, 05:26:30 AM

Quote from: crwth on November 19, 2016, 04:36:24 AM

I think Bitcoin can help poor countries (concerns indigenous people also I think) in many ways. For example, giving your bitcoin savings to the country, withdraw it to physical money to donate them. Also, to help the country more, we could help them by turning them to technology. Teaching them what the use of a Personal computer, what are the advantages of the internet. We could help them cope up with the various technology we have, even the simple ones. The small things can help them in a big way. We don't know how they really are, but helping them even in small things matters.

I'm also concern for them because as we know they mostly live in depressed area and what they are doing is just for them to live, to survive for each day. So its going to be impossible to them to handle things out when it comes to technology especially this bitcoin thing which is not being seen nor touch. But if they will adjust then for sure this will help them to rise.

I'm concerned also to the governments that do something about it, but instead, they are corrupt. Not saying every government is corrupt but I do think that they exist, corrupt politicians and some of the people themselves make the most out of it. Nothing will happen if nothing is get done. It's very hard for us just to do it. For me, I can't still help since I don't have the amount of money that can be beneficial to them. If I have the amount of money that can help them, I would.

Governments are made of people and people can be easily corrupted, the difference strives in how much the corruption has taken over the government body.

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Quote from: Sithara007 on November 22, 2016, 01:45:58 PM

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency.

That is true, even in depressed community they have access to internet. With the proliferation of cheaper mobile phones, cheaper way access to internet this really help our poor communities. There are already remittances through phone using smart money, and also some microfinancing projects are utilizing this technology. Looking forward for bitcoin to be introduced to them.

Sithara007

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Quote from: TheUltraElite on November 22, 2016, 11:57:50 AM

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency.

Dudeperfect

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Quote from: agatha818 on November 20, 2016, 05:41:06 PM

hello! Im in a third world country and bitcoin helps me a lot, just have to know the secret on trading and stuff, electricity is expensive here so mining may not be advisable, but since bitcoin has been sloping upward, i was able to make money and planning to buy solar panels to help me with mining, so, yes, i think bitcoin can help poor countries

just have to be resourceful and if you have all the equipments you need

That’s really good news that people around the world is interested in bitcoin and crypto currency technology. Yes, I think you are on a right path with solar panels because it’s going to be more and more difficult day by day to earn profit from bitcoin mining. Make sure you are creating awareness about bitcoin in your friends and family and we have yet to reach that big milestone so let’s put our steps towards it.

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Quote from: Juggy777 on November 22, 2016, 11:46:12 AM

I am beginning to wonder, with global economy slowing, a new usa president, it's time that some small country adopts Bitcoin and scripts history. It's price improvement upwards will help them upgrade their resources and by minining more coins they will be able to be a super rich country soon.

I wonder what is the relation of the new US President to other developing country to adopt bitcoin. As far as I know this developing country have their president which is independent of US president's rule.
I think the government would rather invest in infrastructure rather than building mining rigs to mine bitcoin. Maybe they can alot a small budget for cryptocurrency research and partial of it to a test of cryptocurrency impact to their economy. But most probably the government will look for more centralized form of income generating venture.

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