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Topic: The adoption of Bitcoin in poor countries: a source of conflict? - page 4. (Read 629 times)

hero member
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I apologize for not specifying, but I am talking about the poor countries in Africa. You both took the example of El Salvador. But no matter what happens, I think there will always be a difference.

Regardless of the country I don't think this will be a source of conflict regardless of poor or rich countries trying to adopt bitcoin as legal tender all will be the same.

Pros and cons are likely to occur but that does not mean a conflict that can split a country because after all when pros and cons exist then it is a natural thing but when this triggers a prolonged conflict I think it is too much especially when we know that when a country implements regulations on bitcoin as one of the legal means of payment in the end it is only optional as an option because after all the means of payment on fiat still applies here.

Things that make it complicated are when a country that is infiltrated by some people who have a desire because they don't really understand how bitcoin works that muddies the atmosphere (usually like that) because when ordinary people or don't know about bitcoin sometimes they won't care too much and are neutral but it will be different when there are some people who have an interest for the benefit of a thing will definitely try to muddy the atmosphere by considering bitcoin negative.
newbie
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I apologize for not specifying, but I am talking about the poor countries in Africa. You both took the example of El Salvador. But no matter what happens, I think there will always be a difference.

(No” if it is a horizontal conflict & “Yes” if it is a vertical conflict. We all know very well that governments and their financial systems don't like bitcoin because of its decentralization, even if it were to be implemented, it would be a supervised bitcoin.)

Could you explain in more detail what you mean by 'horizontal conflict' and 'vertical conflict' in the context of Bitcoin adoption? How could these types of conflicts manifest concretely in a developing country?
sr. member
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An Sr. Member who wants to become a ₿ maxi
Do you think that the adoption of Bitcoin in poor countries as a means of payment can be a source of conflict [...]

“No” if it is a horizontal conflict & “Yes” if it is a vertical conflict. We all know very well that governments and their financial systems don't like bitcoin because of its decentralization, even if it were to be implemented, it would be a supervised bitcoin.

El Salvador is one of the countries that implement bitcoin, even it's legal tender there. Luckily, so far i've never heard of any conflict that occurred there because of bitcoin, so i think that can be our reference that implementing bitcoin in third world countries will not be a problem.
sr. member
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stead.builders
Do you think that the adoption of Bitcoin in poor countries as a means of payment can be a source of conflict

No, bitcoin can rather be a means to resolve any lingering conflict dealing with a country if adopted, we have a very good example with how bitcoin was being adopted as a legal tender in El-Salvador and ever since then, things have been working more better for them, despite not considering the series of warnings from the IMF over their decision, this thought us a lot of lessons, that no one can see or feel our pains the same way we do, even when they assume to be in our shoe, once we are made up for a determination, then we should go straight up for it without looking back or giving up.

I asked this question because many poor countries believe they are in democracy and enjoy freedom.

The basic concept behind democracy has made many to be making demo and craze all in the name of doing democracy, because the intention was taken away long time ago and the freedom had been deprived of the masses, a true democracy is what we have in bitcoin and not politics because the people are free on their own finances, while bitcoin remains a decentralized digital currency.
newbie
Activity: 5
Merit: 0
Do you think that the adoption of Bitcoin in poor countries as a means of payment can be a source of conflict
I asked this question because many poor countries believe they are in democracy and enjoy freedom. However, the reality is that there is still some form of domination by former colonial powers. They are free on paper, but not financially. That’s why I wonder if one day one of these countries decides to adopt Bitcoin as a means of payment and whether this could lead to conflicts.
Adopting Bitcoin could offer several advantages, such as increased financial inclusion, reduced transaction costs, and protection against inflation. However, these benefits may also raise tensions with established financial systems and governments.
Do you think a poor country will experience peace if it makes such a decision?
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