Topic: impacts off cryptocurrency - page 3. (Read 2067 times)

Sure, it would help them, but that is if they even have the technology to access it or if their country is really willing to embrace it and create awareness for them. It is normal that anyone who can find a way they can embrace the technology and find areas they can help themselves out will definitely end up changing their status in the long run, but we have to look at the aspect that most of these countries do not even have that infrastructure in place except few of the rich ones in government who have been ridding the normal masses anyway.

It has a really huge effect on the lives of the people who embraced the cryptocurrency because with the cryptocurrency they can just earn money at their home without going out and finding a job. It also changes their social life because they are now isolate since they are working in their home and there is no one that they interact socially.

On the contrary, I have a distinct view on what bitcoin and cryptocurrencies would do for "poor " countries .I do believe that rather than bitcoin being a disadvantage to them, it would rather help them in various ways. For instance, it will help their economy if they invested and hold.

Further to this, it will help the individuals who buy into the innovation brought by blickchain and bitcoin. It will off course make them richer because of the value of exchange to their fiat which inturn, help the community and people who would need help from the local investors.

In my thought the big impact of crypto currency into a world society especially in third word country which can help people's to earn money in just make understand what is crypto especially here bitcoin. But sad to say only tech-savvy people can only get benefits on this. Because  they are only can fully understand how the crypto run and how to make profits with it. Like doing mining, trading,investing and joined in a bounty campaign here bitcoin forum.

Poor countries will remain poor, as the backlog from civilization will increase. And economically developed countries (for example, Japan) will improve their economies and financial system. Blockchain technology is like electricity, which replaced steam engines in the early 20th century.

Impacts of cryptocurrency is majorly seen as that people now are more attracted by the feature of blockchain and are integrating their system to use it in their company. It will be highly beneficial in the coming days and one can expect that block chain becoming important part of the system. Also, after cryptocurrency users have got a new way to invest their money.

the impact of cryptocurrency is possible in terms of finances and the surrounding community, a lot of cryptocurrency players like bitcoin who were originally just ordinary people and can not afford now can become rich. so the big impact is their finances.

Right. It is just a two way thing. The people benefit a lot from it as they can easily earn as long as they are not lazy from anywhere in the world without any limitations to getting paid, or any international barrier and then in conversion to fiat, the government gets their share of the cut. It has really helped economically in both ways which is one great impact the evolution that brought about cryptocurrency has brought.

Well bitcoin for this countries can actually help them as their people who do not have jobs, good standard of living can help themselves through bitcoin and other cypto currencies. They can invest in this coins and as the price keep rising they can earns profits and which can help them to support their family and government through paying taxes. Its an ideal situation for both the country and their citizens.

Economically, a whole lot is changing. So many people are now getting to find an alternative in the way they do transactions which has been able to make things easy and for countries that have been restricted when it comes to having to import and pay the merchants for it; things have now gotten better with cryptocurrency. Economically, it is having a lot of impact and it sure still will.

all developing countries have experienced gossip and criticism mixed with politics and religion into a very profitable negative business for some people, now the government in my country is in the research stage where crypto currency and especially about ICO become a rough debate, I assume that the government will eventually forbade bitcoin because of the great influence of critics who wrote about the obscurity of bitcoin as a bubble that could break at any time.

Specifically speaking, bitcoin cryptocurrency is not available to everyone in terms of both social and economical stature. So, its main impacts are limited to individuals who are within the industry trading.

For third world countries bitcoin and crypto has becamed for a few their work, due to signatures good rates, a lot people are trying to be part of it, and take advantage of the bitcoin value as well, some people had changed their life due to bitcoin and crypto, outside being from a developed country or not. Bitcoin will and can help any person, the xmr miner is just an example that all can make and get some money, i dont believe someone is using bitcoin directly to sponser some social activity, bitcoin is used for investments purpose, and well social activity as i know is near zero, atleast outsides some people projects to feed poor people, bitcoin core isnt related to any organization.

Compared to the developed countries, third world countries have got low usage of cryptocurrency. This won't make a big impact upon the economy. But long back itself experts predicted that the country adopting and giving preference similar to fiat will grow big in terms of economy. So, it can be used as a tool for growth.

The bitcion or crypto can create an impact in the whole world by passing through the nation from nation to tribes. Bitcoin can be exposed in the world because of its goodness in terms of promoting general wealth that may lead also to spread and progress of an economical state even they could not be able to have a technology buy is in the help of people to people.

The social and economic impact of Bitcoin and other ALT coins is very large and are gaining in popularity. Bitcoin run's on the SHA-256 algorithm and is considered the Gold Standard of all decentralized crypto currencies as it is the official monetary medium of exchange of the Internet. You can transact with different people from all over the world without the use of banks and middlemen/payment processors as a result the entire financial industry will be negatively affected.

However, the disruption of these legacy financial systems will allow those who previously had no access to conventional banking a way to finally escape the bonds of poverty. Such an opportunity will allow 6 billion new minds to not only join the Internet for the first time but revolutionize and further advance technology.    

Basic access to the Internet is now being revolutionized through the advancements of Internet satellite technology, decentralized global file systems like IPFS (Interplanetary file System), and other Internet satellite based technologies that are being pushed towards production by entrepreneurs like Elon Musk, CEO of Tesla.

As a result, Blockchain Technology and all crypto currencies will bring peace and prosperity to humanity the likes of which we've never seen in the entire history of humanity.

Information Reference:

Name: InterPlanetary File System

Website:ipfs.io
About: InterPlanetary File System is a protocol designed to create a permanent and decentralized method of storing and sharing files. It is a content-addressable, peer-to-peer hypermedia distribution protocol. Nodes in the IPFS network form a distributed file system

More links of interest:

https://techcrunch.com/2017/01/08/the-future-is-a-decentralized-internet/
https://www.theguardian.com/technology/2016/nov/17/elon-musk-satellites-internet-spacex

Its true that bitcoin has revolutionized the world economy and it has given equal opportunities of earning to people of all countries around the world.It has increased the standard of living of the people and it has provided financial freedom.But we should also notice that internet is a must to use and enjoy the benefits of bitcoin since it is a digital currency.Also,we know that most of the backward countries are poor countries and they don't have internet widely all over the country.This just idolates poor people of such countries from sing and enjoying the benefits of bitcoin.So,unless they get access to internet,i think that this gap between the people from developed countries and people of under developed countries more.

Absolutely, they're now struggling to fight against poverty and at the same time trying to develop its country competing with other 3rd world countries aswell, the internet connection there might be some kind of slow and sluggish, only really few people in there might be using cryptocurrency so it's not going to affect that much.

If cryptocurrency will have a great good impact on a country; I will say that 'no or its not much'.
But if it will have a good impact on individual's life, i will say, 'yes it will'.

Why cryptocurrency will not impact in some countries is  that some countries alreay rejects this coin without even wanting to know its potentiality to the country. They don't see it as an asset that if invested on will better the lives of the citizens. Instead they see it as a hidden ponzi scheme that is been set up by an unknown person, reason why banned it in their countries. Even the lack of improved technology contributes to this.

But for some individuals like you and I who know about this great assest ; we grab the opportunity and want to make the best out of it because we know it's worth.

Indeed. Though we have internet facilities and IT infra structure in place then doesn't mean that people will start using it in the direction immediately. People are really stuck in watching idiot videos on the youtube, watching porn over the internet and watching the bad stories and some some fun games. What they don't see on the brighter side is they have great opportunities to earn money in first place. If they even give away 2 hours daily on this forum then they can be rich enough looking at the currency they have.


But no, they don't even want to try because they just don't  trust that money can be received for the online job. People who trusted it like me and my friends for example, are earning good amount of money and thus we are already walking on sunny path which we love.


So its all about us, where to trust the things or not and that can help socially and economically in first place. But before it can impact it must start everything from the base.