Lets face up the reality where we cant really able to solve out that kind of problem where there would always a population or places that wont really
able to know on whats happening behind online yet electricity is even a problem and also even if they do know bitcoins existence it doesnt guarantee that
it would able to change their life up.It give out chances but it depends still on how they do work.For now it would be much better not to struggle or boggle up
your mind on how to solve that.
Topic: THE BITCOINS AND THE UNDERDEVELOPED WORLD - page 3. (Read 760 times)
In real talk, Bitcoin itself can't change the underdeveloped countries. It was not made to improve one's nation. Well, it may influence but not a solution. You know, there are a lot of factors why country is underdeveloped. Before solving the complex why not first see the basic. If a country suffering from extreme poverty, war and violence the developed countries serve as a helping hand. Progress doesn't happen immediately it takes a long process.
when smart phones first came out, they didn't reach third word countries first. it too some time to get there. it also took a long time to become a wide spread thing until the day when nearly everyone has one in his pocket. those who adopted smart phones late weren't "late" to anything and you didn't fear for them!
but you fear for people adopting bitcoin late only because you are not looking at bitcoin like a technology such as smart phones or similar things. instead you are looking at it as an investment that people are going to be late to invest in!!!
but you fear for people adopting bitcoin late only because you are not looking at bitcoin like a technology such as smart phones or similar things. instead you are looking at it as an investment that people are going to be late to invest in!!!
Under developed countries are going to cope up when their government comes up with better system. A hundred years later, I don't think bitcoin will ever stop, it will still exist and if your country improves and will have the technology, they will still have the chance to have bitcoin. Cryptocurrency will live in the future. Don't dwell too much on unfair wealth, underdevelop country will improve later on.
You should have a think that your country will be changing for the next few years, not only to spread a deep fear which obey on your mind. I believe that all countries in the world are aware of technology, because technology is a factor that is not excluded. So, government will continue to make their citizen aware of technology and even I am sure some of the developing countries will provide a facility for the government for their people to be able to use the internet or a computer easily.
With the result of that everyone will easy to know bitcoin and cryptocurrencies's function as a whole. This is the matter of time only, sooner we will see mass adoption that come to cryptocurrency. As for example in my country, I live on developing country maybe it same with you. Electricity just came to my village at 2012 ago because I live in a village far from urban areas, so I can't only feel the electricity if I came to urban areas, but now the people in my village can learn fastly and has been knowing everything about technologies including bitcoin and cryptocurrency.
With the result of that everyone will easy to know bitcoin and cryptocurrencies's function as a whole. This is the matter of time only, sooner we will see mass adoption that come to cryptocurrency. As for example in my country, I live on developing country maybe it same with you. Electricity just came to my village at 2012 ago because I live in a village far from urban areas, so I can't only feel the electricity if I came to urban areas, but now the people in my village can learn fastly and has been knowing everything about technologies including bitcoin and cryptocurrency.
THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND
As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries.
Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…
even without the internet, they trade traditionally and sometimes even without the FIAT currency, they only trade one item and the other.
so if they don't know bitcoin and don't benefit from bitcoin it won't change anything, they have become humans who can make money for their lives long before bitcoin was created.
stompix, the fact that you think the rich should have even more at the expense of the poor, and that it's normal just showing in what kind of world we live. Anyone should have equal initial conditions for life, but this is not the case since most of people think that they are better then some others in some distant part of the world. Be happy that you can buy bottle of milk (or what is these days call milk), some children would be happy to drink one glass of milk once in a week.
I do not say that distribution of wealth should be at the expense of small ordinary people who live in some wealthy countries, but instead to invest in weapons or some stupid projects which do not make sense and represent a danger to humanity we should help underdeveloped countries. For example some $50 is enough for one child to have schooling, food and clothing for one year in some African country. I can live without few hamburgers, a pair of packs of cigarettes or something like that, but most people will just turn head to the other side and continue with their life.
I assume that you think bitcoin is invented only for the selected ones., Who is saying that bitcoins should be taken from you or me and given to poor? I'm talking about an equal chance that everyone can use bitcoin, which in not case today. Satoshi is not invented bitcoin only for Wall Street or people who are behind big crypto exchanges so that they can make profit - bitcoin should change something in this world, but same as idea of world wealth distribution which is unimaginable at this point, maybe bitcoin is just something similar to that.
I do not say that distribution of wealth should be at the expense of small ordinary people who live in some wealthy countries, but instead to invest in weapons or some stupid projects which do not make sense and represent a danger to humanity we should help underdeveloped countries. For example some $50 is enough for one child to have schooling, food and clothing for one year in some African country. I can live without few hamburgers, a pair of packs of cigarettes or something like that, but most people will just turn head to the other side and continue with their life.
I assume that you think bitcoin is invented only for the selected ones., Who is saying that bitcoins should be taken from you or me and given to poor? I'm talking about an equal chance that everyone can use bitcoin, which in not case today. Satoshi is not invented bitcoin only for Wall Street or people who are behind big crypto exchanges so that they can make profit - bitcoin should change something in this world, but same as idea of world wealth distribution which is unimaginable at this point, maybe bitcoin is just something similar to that.
he is not saying that the rich should have even more at he expense of the poor. he is saying that an equal distribution of wealth is not the solution to helped the undeveloped countries or anyone.
also "African countries" are being helped too much (in my opinion) and yet nothing really is changed. with the amount of donation being donated to helped the African countries it should be enough to make a significant change on the way they live. what I am trying to say is that a lot of underdeveloped countries wouldn't be so underdeveloped if it weren't for stupid leadership and corrupt politician who run the country.
THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND
As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries.
Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…
As far as i know, all we can do is help them directly.
However, it will be too difficult if we hope we have a place that makes brands can also earn income from this kind of Bitcoin.
I'm sorry, but isn't it to get profit from Bitcoin, we must have enough ability or capital to invest, while they may not have both of them. Building a place to educate them about Bitcoin is still possible but not if they want profits quickly
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I think i understand a bit your way of thinking,unfortunately mast of those who have a stable condition thinks same,at the end it is just you being afraid to get out of your comfort zone.Those developing countries earned thier respect thanks to those who had guts to fight for them and most where not directly concerned ,they had families as well...So children protection is not an excuse,at the end it is just a question of personal choice.Just to make sure you understand.
After the fall of the Iron curtain, we as in my country were dirt poor compared to western standards even below some countries in Latin america and asia.
It was the f word socialist redistribution of wealth that brought us there. We got rid of it, we worked, and here we are starting to catch up with the westerners and even getting on par with Portugal.
Why should we take again a nosedive to sustain the 3rd world countries?
Let them do the same as we did, the whole northern part of eastern Europe is proof it can be done without socialist strategies and witouht begging.
@OP
Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.
Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.
Yeah, people are getting overboard with the whole blockchain crypto hype.
It's just a database and a currency.
It wasn't aimed at solving every problem humankind has.
@OP
Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.
Bitcoin is not a guaranteed way to get rich, in fact it can just as easily wreak you financially - you can invest in the wrong time and than sit in a loss for years, you can panic and make trades at a loss, you can fall victim to scams and hacks and lose your investment. Keep this all in mind before giving financial advice to people, especially those who are vulnerable.
Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.
Bitcoin is not a guaranteed way to get rich, in fact it can just as easily wreak you financially - you can invest in the wrong time and than sit in a loss for years, you can panic and make trades at a loss, you can fall victim to scams and hacks and lose your investment. Keep this all in mind before giving financial advice to people, especially those who are vulnerable.
even today wealth is distributed unevenly, this is just how it goes. if you live in a country that the government doesn't do anything but omly collect money from their people, you'd still be poor even if bitcoin exist in that country.
if their government isn't going to be doing the drastic move to change their system the more they'd be poorer. corruption in the government ain't going to solve on its own. as for us, we can help but if they aren't helping themselves it will all just be useless. a country like mine, will stay poor unless we reboot this goverment and start over.
THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND
As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries.
Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…
Among the world population of 7 billion, estimated 1.2 billion population is still outside the reach of electricity. So if Bitcoin is accepted as a world currency, these huge amount of mass will become even more poorer! But I don't see any chance of this happening! Bitcoin will NEVER become the world currency!
It will either be adopted within the mainstream economy or continue as a parallel economy like today! But when you talk about worries, obviously we need to worry!
When people are aiming to reach Mars, 16% of the world population living in extreme poverty as per the benchmark set by world bank. It is indeed a big reason to worry as a human.
Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…
I think this is a problem for all of us even those who don’t feel really concern…
Your fears are unfounded because it wouldn't matter to them. Most of the people you described are happy just to see food on the table. They're not going to care if they bought it with fiat or Bitcoin. Bitcoin does provide financial inclusion, but the sad reality is that you need to be doing adequately financially to take advantage of it.
At our level, nothing can be done to create lasting impact. Donations can help them not go hungry for a few days, and that's about it. Poverty is not the cause of the problem, it's a symptom. You have to go for the root, whether that's systemic corruption, or ineffective governance, etc.
I do not say that distribution of wealth should be at the expense of small ordinary people who live in some wealthy countries, but instead to invest in weapons or some stupid projects which do not make sense and represent a danger to humanity we should help underdeveloped countries. For example some $50 is enough for one child to have schooling, food and clothing for one year in some African country. I can live without few hamburgers, a pair of packs of cigarettes or something like that, but most people will just turn head to the other side and continue with their life.
You can't simply throw money at a problem like that, it will just make the prices in those countries skyrocket. The problem is that those countries don't have good economies, and again you can't simple throw money at a problem like that, because they will simply disappear due to corruption. So, one solution is to take full control over those countries and solve all their problems, but this means war and tyranny, no one will do it. The second solution is to support journalists, NGO's, help with some specific projects - it's a very long process, but it's the only way to truly help them. And, surprise, that's what western countries already do and were doing for decades.
As bitcoiners? We can't do anything about it, it is still up to the government. But they won't prioritise crypto though specially developing countries. They have far more pressing issues to solved. Water, shelter, electricity are some problems that they need to tackle everyday.
Indeed that people can't have access to internet and also they have low chance to get bitcoin if something will not change, but maybe they will have some luck, also another problem is with countries who ban bitcoin. You are right that this people not have a chance and bitcoin can change their life in good but also price for 1 bitcoin is high but if someone will change something they possible have a chance to got some % of 1 bitcoin.
there is almost nothing we can do to those under developed part of the world. if only one can work with the government to support them. but i feel it is the duty of their government to upgrade what may be needed to make things work. as a matter of fact, it is we that think they are missing they may not even think it since they never tasted it.
First of all, I will like to say you cannot change those who do not want to be change. That means if those countries or regions want to change their financial situation then they have to you take the first step to let us know that they want our help. Suppose if you are in a desert and you want water then standing there will not help you. you have to do something and try to find the water yourself.
Why? Why should my kids have the same problems like the ones that were not so lucky when born?
My kid won't have a Lamborghini when he is 18 but he will have all that is needed to start in life.
Just because some other kid won't have the money to buy a normal car, why would you want to take that away from me and my son? Who gives you the right to decide what those conditions are?
I think i understand a bit your way of thinking,unfortunately mast of those who have a stable condition thinks same,at the end it is just you being afraid to get out of your comfort zone.Those developing countries earned thier respect thanks to those who had guts to fight for them and most where not directly concerned ,they had families as well...So children protection is not an excuse,at the end it is just a question of personal choice.My kid won't have a Lamborghini when he is 18 but he will have all that is needed to start in life.
Just because some other kid won't have the money to buy a normal car, why would you want to take that away from me and my son? Who gives you the right to decide what those conditions are?
stompix, the fact that you think the rich should have even more at the expense of the poor, and that it's normal just showing in what kind of world we live. Anyone should have equal initial conditions for life, but this is not the case since most of people think that they are better then some others in some distant part of the world.
Why? Why should my kids have the same problems like the ones that were not so lucky when born?
My kid won't have a Lamborghini when he is 18 but he will have all that is needed to start in life.
Just because some other kid won't have the money to buy a normal car, why would you want to take that away from me and my son? Who gives you the right to decide what those conditions are?
LE:
And you can call me selfish for this, I don't mind cause I know it's quite true. But I'm not willing to see a child of mine growing in the same failure of a system where everyone was suposed to be "equal".
Be happy that you can buy bottle of milk (or what is these days call milk), some children would be happy to drink one glass of milk once in a week.
You got it wrong.
I was talking about the 80'es queues that happened all over eastern Europe.
And it all started with a glorious dream, all of us should be equal, as you just mentioned, free education for everybody, free healthcare, free...how it ended? A living nightmare without anything.
I do not say that distribution of wealth should be at the expense of small ordinary people who live in some wealthy countries, but instead to invest in weapons or some stupid projects which do not make sense and represent a danger to humanity we should help underdeveloped countries
The moment you stop arming yourself you're inviting the ones with weapons to take over your country.
I assume that you think bitcoin is invented only for the selected ones., Who is saying that bitcoins should be taken from you or me and given to poor? I'm talking about an equal chance that everyone can use bitcoin, which in not case today. Satoshi is not invented bitcoin only for Wall Street or people who are behind big crypto exchanges so that they can make profit - bitcoin should change something in this world, but same as idea of world wealth distribution which is unimaginable at this point, maybe bitcoin is just something similar to that.
Nope, not at all.
Bitcoin is the essence of free-market capitalism because it represents money, or capital itself.
That's why anything remotely close to a socialist redistribution of wealth is as far as possible from the very nature of Bitcoin.
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