Bitcoin Forum

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

Bitcoin could mean a lot to third world countries in terms of growth and development. I don't think the citizens of those countries would necessarily need to be using Bitcoins as we're talking about countries that can't provide full accessibility i.e proper internet services. Central banks of these countries can invest a part of their reserves into Bitcoin and taking it out a few years later would give them more money (that is if Bitcoin grows) instead of traditional USD margin.

Well by 'poor' if you mean the lower working class, then they are still a decade or 2 away from using cryptos in their daily lives, The problem is the infrastructure and education. Most lower class people don't even know how to use a smartphone yet alone a crypto-wallet. The cryptos can help their living standards imo. As for the middle and upper classes they are already involved in mining and 'investing' in the cryptos. I know this, cuz one of my friend is running his own mining farm. As far as 'usefulness' is concerned, it will be as useful as it will be in the first world countries. I can't imagine if it will serve the people less or more just because its in a different part of the world. Bitcoin is borderless it will be as useful in USA as it will be in Germany. As for your last question, it is a tricky one. Most government officials are corrupt, bitcoin and other crpytos are a safe haven for them but it will only worsen the countries economy if the ordinary joe starts to use them. So the governments will always be against the cryptos.

of course it is useful for them.
the obvious thing is the profit that they are getting from investing in bitcoin. you can see how big bitcoin has grown and continues to get and that is helpful for people who want to invest their money in something easily and make a lot of money.

and apart from that if the fees come down like the last 9 years, bitcoin as a currency has a lot of usage for them to purchase stuff from the internet and even get big discounts for it.

just because a country is considered under developed, their government approach doesn't have to be different.

Honestly, i live in a third world country and bitcoin really helps me a lot. Bitcoin is more like a personal matter so in order for a third world country to adopt, its people should first have a bitcoin accouny. If this happen , then bitcoin will affect the country whether the value will go up or down.

Bitcoin will be a lot useful to that kind of country but that does not mean that all people living on that country are poor, example would be our country which is Philippines, Ph is underdeveloped country but there are wealthy people here and lots of investors. Person who will be having this coin is the higher class ones , than the poor because bitcoin has a high value some cant get ride the flow and only some will can.

I am living in a 3rd world country and Bitcoin kind of give me this same and equal rights rewarded by a single investment alongside other investors. For over a year, Bitcoin has transformed my life into something I could not imagine. It brought me a realization that I could do something for my life this time. It has helped me set my short, mid and long term goals which motivates me to keep going everyday. I love how Bitcoin is changing a person's life.

I think the government will certainly not allow the existence of bitcoin, after all, it can not control.
       Bitcoin has changed our life, let us have the goal of striving to a better life.

Bitcoins in the third world or developing countries will be like a mirage for a long period of time. As internet took several years to be embraced by countries like Africa countries so will bitcoins be. For their government to regulate it will be ineffective as developed states are even finding it hard to regulate bitcoins.

I think bitcoin could possible replace by other altcoin look like ethereum for example but in very far far future within 20,30 years next :D :D

It likely won't be as popular in poor countries because they tend to have poor infrastructure. There won't be as many people with internet access, and there would be even less people with enough disposable income to actually experiment with Bitcoin. That doesn't mean it can't propagate though, as there are also more people looking for extra income, so Bitcoin could be popular as an investment.

Citizens of countries with failing economies can use Bitcoin as a shield though, as demonstrated by the people of Venezuela. It has real utility to those who don't trust their economies anymore.

As for the government's approach to Bitcoin's regulation, I honestly don't think it has anything to do with the wealth of the nation. However, totalitarian countries are more likely to repress it, and it just so happens they tend to be on the poorer side of the spectrum, so there still may be a correlation there.

Bitcoin is not new in third world countries. They do trade in bitcoins too. There are huge exchange and market for bitcoin in south Africa, Nigeria, Ghana and Bennin. Their government don't have any issues with them using bitcoins for their activities.

Many people bitcoin use even now many country accept bitcoin. so we hope that, 3rd world increase bitcoin user and successfully. because small countries will be able to use internet properly.

i believe people in the third world countries actually appreciate bitcoin a lot more than others like people in developed countries. you may see a lot more adoption in the developed countries and a lot of businesses there but there will surely be a lot more users in third world countries who have adopted bitcoin.

for example in countries like India you can see how the people are struggling with their economical state and the government. they have been investing in bitcoin more than anybody else the price over there is showing this clearly.

Honestly, I think bitcoin could be a method to equalize third world economies with those of first world countries. Government corruption, unequal distribution of wealth and civil unrest make earning a good living difficult in many economically disparaged countries. However, these countries also tend to lack proper access to the internet, and also tend to have unreliable power grids, meaning though bitcoin could potentially take the control of the economy out of the governments hands, it would take government intervention to improve the power and internet networks to properly utilize it, this is something unlikely to happen soon, if ever.

In our country, bitcoin is already popular wherein it has been recognized as an acceptable currency wherein you can be able to cash it out. Like coins.ph, you may able to do your payment transactions on your bills and cash out your bitcoin savings. Many people here are inclined to joined typically in the bitcoin forum where you have the chance to earn and invest to gain more profit as well.

In 3rd world countries one of the big problem is cashing out bitcoins.
But have good situation also government absolutely not control cryptocurrency

Bitcoin or any other crypto is useless for poor countries for several reasons:
1) there is no infrastructure for that
2) most people don't have computers and stable internet connection to run transactions
3) citizens of such countries may have no idea what crypto is, because they've got bigger problems

Most likely the future of bitcoin in the third world countries is not, because they do not have sufficient technology and resources.

Bitcoins are the currency of the future, so it will be available in third world countries.

Bitcoins should develop in all countries.

I think that bitcoins will never come to the countries of the third world. This will be possible only if they catch up with developed economies in the development of the economy.

Bitcoins are a currency only for developed countries, which it really needs to perform certain banking operations.

Bitcoin is welcome in every country and I can't find any reason for them not to access this one, for sure they will find ways for this to have in their country,
I don't think that there is a country who does not have even a technology to access for sure they have some ways for it, I belong to a poor country but we are not late in having crypto in our country.

The development of bitcoins in the countries of the world is quite possible.

Bitcoins as well as the Internet are available to all and at the same time, therefore they can be used in all corners of the planet.

I think Bitcoins are more valuable than their legal currency in war-torn or poor countries because their currencies are not as stable as bitcoin, and of course I think Bitcoins should not be legitimate in those countries, but those The government is not capable of stopping people from using bitcoin.

1 Bitcoin=$11k USD

Examples of third world countries ( correct me if I'm wrong)
With respect though.

1 Bitcoin=69877.38 Chinese Yuan
1 Bitcoin=566064.31 Philippine Piso
1 Bitcoin=702595.78 Indian Rupee


Hahaha..I do believe that it does mean a lot to third world countries.
And I don't blame the government why they wanted to regulate them.

I'd be lucky if I have a whole bitcoin myself you know. I pray.  ;D

I think these poor countries will limit bitcoin.
Because in general, the more poor countries domestic inflation, the government will not allow citizens to participate in this kind of speculation in the game, and the BTC is likely to be their country's financial system have a big impact.

I am currently in the place of a third world country, but doing something for crypto is definitely okay, it is just up to you if you want to adapt it and try to understand the technology behind it.

Bitcoin can be useful to anyone of this planet as long as he has access to the internet.
And with Lightning Network also the fees won't that much of a problem anymore, as altcoiners like to bring that often up as an argument against Bitcoin for 3rd world nations.
Governments will act differently depending on style of leadership. Authoritarian states will try to ban it. However this won't stop people from using Bitcoin.
Bitcoin is like water and always finds a way to get used by people all around the world. This is the greatness of this specific protocol and value transfer network.

I think it will be slow for bitcoin to reach the third world countries. And most of these third world countries are not dependent on internet and will simply have no need for a digital coin such as bitcoin. Their daily lives involves only buying food and basic services from simple stores. But I believe it will be eventually reached by digital coins. When stores such as mcdonald's absorbed bitcoin tech.

I could agree that Bitcoin could be some kind of help for third world countries and way of income for some poor people there.
But first some conditions for that are necessary, like good internet connection, at least some technical equipement and at least basic knowledge about technologies. Is all that available for people there?
And if they had that already they would be also able to find some other jobs.

Majority of the poor country their government curving them.  So btc has a less chance to have a place in them unless sponsored by their government.

Bitcoin is the currency for the people be it rich or poor. Yes we know that the third world countries are almost deprived from reaching the cyberworld but if only their government should do something about it, bitcoin and the cryptos will change their economic status for it will open job opportunities (like the campaigns we have in this forum) for their constituents to earn without having a capital at all.

Although they are developing countries, bitcoin can still become popular with the available local exchange who promotes bitcoin awareness for the citizens to catch up on this trend. They are providing relevant services when you use this crypto. The people will have the chance to earn money by investing or offering their skills in exchange of btc. However we cant expect all people to understand whats in this technology because not all are fortunate to have gadgets to access the internet.

Future of bitcoin in this kind of countries can be said as progressive as it is. I'm part of a 3rd world country but there were a lot of people that are having a lot of demands of bitcoin. And as we all know, bitcoin's price can be determine to the demand of people in getting bitcoins. Although we are being categorized as "poor" country, we know for ourselves that bitcoin is being treated well in here. What I meant by well is that many people in here are trusting on bitcoin and buying of course.

It is useful to all  ::).
Here in the Philippines, the government is somewhat against to this because of high volatility. Guys, if you think that third world countries future in cryptocurrency will be bad. Then think twice :). There are a lot of whales in my country and those whales are what we are looking up to.

It would definitely help them. Problem would be first are the necessary things needed since we are talking about the thirld world countries, cellular phones are their major problem, then internet connection and other stuffs. But, if they will be given a chance to earn for themselves, we should at least consider it.

The common people of these countries don't even know about the existence of bitcoin!! Believe me, even after this hype!

 Everything that they touch or see is owned by someone who just wants to crush them more! They don't even realise that they have the power to contribute or be a part of the system. Bitcoin sounds to them as something alien! It's as if another big gov backed Conglomerate is trying to snatch whatever they are left with! They are manipulated by the media, you & I are the ones who can create & preach because of the internet!

These people cant, they are programmed by the system to be only users. We need to reach out to them by different ways! Reach to them to tell them how simple it is! Reach to them to propagate that the power is now distributed. Reach to them to make them understand that they are us!


Its gonna take some time, however, that's going to be the last straw, then we will see massive gov breakdowns & people with concentrated power running to save themselves. I envision that once the  "ranking of values" comes into play these people will play the major role. That will be totally another exciting ball game. Overall we will progress &  get ourselves out of this mess.

If they have a phone with internet connection,they can easily get some dollars from bitcoin by participating in Signature campaign.If they have some money means,even they can start of bitcoin trading.In bitcoin trading,they can get limitless bitcoin with holding money.If they hold it for a month and sell it when the price raise maximum,they will get very huge returns.

Bitcoin is for everyone. This means that even the so called poorest people or person. I believe these people would barely welcome bitcoin to minimize and rise up their economy in terms of employment.  So does their government to implement bitcoin. This will be a good help not just for the citizen but also to the country itself.

It's too early to talk about third world countries. Not all developed countries are ready to accept cryptocurrency as the official currency. This is a long and painful process. It will be very interesting to observe the development of this sphere.

BTC still has great potential for cryptocurrency in the third world. A significant portion of the population of the country people do not have a bank account or can't use credit card loans, and other financial products, it cause the currency to become a kind of feasible transfer funds and investment tool.

bitcoin is very useful for many people and bitcoin has changed some of the users better than the financial system. all angles of bitcoin are very useful because bitcoin can be beneficial for anyone who uses it. government issues. if the government approves bitcoin as a means of payment the possibility of the people will prosper from the bitcoin income

I'm living in a 3rd world countries.
Bitcoin and other cryptocurrency has already changed our life a lot, not only the asset but also knowledge and oppotunity to be equal to the rest of the world ^^

Bitcoin is the saviour of the 3rd World. And the future is in favor of Bitcoin specially when it comes to these countries. It is so useful to mankind and citizens since it never asks for IDENTIFICATION. And all types of governments are bound to milk it through tax regulations.

Hi,

It is not so simple to answer such question...

1- I think that for the populations within such countries, as long as they can have access to a computer and internet, it would be very interesting to use bitcoin. They can use it as a new source of revenue but also as a "stable" currency, in order to avoid over inflation of their country currency.

2- In such countries, the economy is hard to stabilize, and that is why many governments are using inflation. Generally, those countries are submitted to the control of other large, rich countries and thus the policy adopted by the government can be rather in favour of foreign interests than for the people.

3- Of course, it depends on the country, but for many poor countries, corruption and large-scale manipulation is the rule. So bitcoin will never been seen with a good eye by authorities, but it can grant power to the individuals.

So you see, the debate is tricky! And actually, I think that every country has some specificities that would be interesting to develop in oder to understand the potential bitcoin has there.

Bitcoin is already acceptable, it is acceptable here in our country and hopefully it will not banned by our government. A lot of citizen here already uses bitcoin because it can help them with their extra needs. Just like how I use my bitcoin. Our countries don't need to change our currencies with digital currencies because our current currencies are still important because of its stable value.

The future of bitcoin to the third world country well be depend on how they will handle it.

Bitcoin is useful to citizens if they use bitcoin for financial support and change their life status it much be better.

Will I think government will be against first on bitcoin.
Because it is risky to invest bitcoin because of the price is fluctuate.

Bitcoin useful for any country which have internet connection. There is other question, what think government about bitcoin.
I think 3rd countries often will be ban bitcoin in near future

1) What do you mean by 'no infrastructure for that'? no infrastructure for what? Admittedly enough, most third world countries lack in infrastructure but this pertains buildings, roads and etc so I don't see how it's related to the use of cryptos in a country.
2) that's true - but there are in fact a large number of people from third world countries who are users of crypto. In fact, a huge percentage of the population in this forum are from third world countries like the Philippines, Indonesia etc.
3) That may be true but that would only pertain to the minority - and mostly uneducated sector of a country. I believe that in a third world country, the population is educated and would somewhat encounter or hear about bitcoin. The financial and business sector of a third world country would surely know about bitcoin or crypto as well. Third world countries are not totally left in the dark because some have even made efforts to make adoptions or some governments have released statements about crypto because there are users present in the country.  

Bitcoin is available to people who use internet. In 3rd world countries, internet penetration is not high. Plus, you still need fiat money to buy cryptocurrencies. People who are struggling to buy food will not invest in something non-material. So, only the richest individuals can benefit, unfortunately. 

For such countries bitcoin is like heaven and they already packed the valuation for their own fist currency. This helps them more because such fiat currency which is invaluable will have ten folds more value in terms of bitcoin and it can be good sign for them. If you are earning 10 USD then may be they are ten times more in their own local currency. So it's great thing for them and chance to achieve financial stability I'm their own country.


As I said it's very heavenly for them but then again these are 3rd world counties meaning they might not have great infrastructure and they may lack that much knowledge in first place. Generally those who are smart enough in these countries might just become boss like personality.




With current events that are happing in the world I do believe no government is happy about it.

There's really no benefit in having an official cryptocurrency for a country, regular digital money works much better in that setting anyway. But it's true that in most places cash still is the king, so we still have a very long way to go in order to have even digital money accepted everywhere.

Most of this countries don't support Bitcoin and some of them illegalize it. But I know so many people from such countries working hardly with BTC and crypto currencies to get an additional income online. They can convert this currencies to their fiat money easily through the trusted exhnagers online.

It would be great specially to those who are needy. 3rd world countries or underdeveloped country will able to cope up financial stability and financial freedom if ever for having  at least a smartphone or computer. When many will give their support on this specially government it can reduce the rate of unemployment in the country though it is in the process and still debating in the government.

if in my opinion, in its role bitcoin greatly assist the development of developed countries, such as these third world countries, because the presence of bitcoin is considered an important factor in pumping government income from personal income.
for people who are able to adapt themselves to this era is very helpful, but for residents who are left behind in technology and information midwives I think they will not feel that they are helped, so the benefits are less effective.
the government's approach varies, depending on the majority of the stakeholders, the government's policies and approvals can be seen from the facts of the people's needs in the country. I think good government will compensate and be able to control the interest of the people.

 :) In fact the bitcoin for me seems to be a way to equal , everyone especially in the third economy and bitcoin no longer provide all these investors for the shortest years bitcoin is a move to our lives going to something I did not really want to emulate me how to realized that it could do all my life with something every hour of it and it really help me set a little bitvof time , or midnight and long hours yet our goal are where I can motivated me to hold it today .soon much I like bitcoin will definitely change our world because of bitcoin.

I am from a third world country and Bitcoin is an answered prayer. Joining the bitcoin community is not an issue because internet is accessible  and affordable mobile phones are available on the market. Also, the community is gradually embracing bitcoins system due to opportunity offered to achieve financial freedom.

Bitcoin offers the opportunity to invest financially and earn money for countries with difficult economies around the world. Bitcoin offers a number of platforms that help people learn how to get income without investing. That's the best thing that poor people in the world can do to earn more. If you really study the market cryptocurrency and bitcoin you can completely get income from this market.

As a citizen to a third world country, I personally think that the future of bitcoin in our country is somehow good. And yes, bitcoin is useful for the citizens in our country. Like me, a bitcoiner who is also currently a student, it helps me to have a little extra money, and when the year passed by, maybe my rank gets higher and have more bitcoin.  As the government's approach, that's why my answer in your first question is "somehow good" is because our country is PLANNING to legalize bitcoin. And also, make them as an alternative method of payment. But, as of now, there is no assurance that they will legalize btc. So, let's hope for the better. :)

Bitcoin offers opportunity for everyone no matter what your status is. I am from a third world country and I can say not everyone enjoy this kind of technology because not all people here are well educated and know how to use computers this is the problem of a 3rd world country right now, though the government support this thing but its not enough to help people in need. I hope that bitcoin can go higher and everyone will finally use this technology that can changed the life of many people.

Well, since Bitcoin has become a speculative asset of course it can be of some use there, since it allows you to increase your weatlh by magic. But if Bitcoin would just be a stable currency, it wouldn't add so much to the 3rd world's people condition.

You are so right here. These people are talking about third world countries but what is happening in developed countries? All they agreed to legalize bitcoins in their countries and allow their citizens to work on them. No this is not the case in reality.

Only few, you can count them on finger tips out of 200 countries in world accepted bitcoins. First they will be accepted in first world, then they come to third world.

I doubt very much that Bitcoin as well as the other cryptocurrencies will be used in these countries (at least in the nearest 8-10 years). People there care about simple money that is cash. For them even 10 dollars is a very large sum.

It depends on the country, in some of them bitcoin/crypto currency is very popular. Mining and trading is the part of life of society. But or other 3d world countries, in which crypto is something that is very difficult and unknown.

I think this is possible. As Bitcoin's community power continues to expand, its role in the market is similar to that of legal currency, which can be used to purchase other virtual currencies.

I think Bitcoin has made a tremendous impact on the social and monetary world. Actually, In the third world country, people usually face a lot of trouble especially in their social life due to lack of financial crisis. So that Bitcoin has opened a lot of opportunities regarding this purpose.
I believe that a lot of people have been involved in this platform and they are gaining a lot of money from this system by trading and investment. So that Crypto world is playing an important role in bringing up a financial opportunity.

Compared to develop the countries, bitcoin must be a blessing for the people who are not having stable economy. Many African country people are forced to use US dollar as they are local currency is getting inflated enormously which is leading into decreasing of their currency's buying power. When they will be using bitcoin, they can be sure about their hard work will not reduce overnight so that they can buy for the money they are actually owning.

Bitcoin must be useful for all the country people at the same time we cannot expect the governments to support bitcoins. We need to plan up based on the regulations where we are living also making use of the most of bitcoin is purely depending on our knowledge about how we spend/save bitcoin within our country and its situation.

In third world countries like ours, Bitcoin has been a great help for people, regardless of your status in life, if your graduate or not, you can earn bitcoins and your choice if you want to invest or cash it out. Ordinary people and the powerful/wealthy ones have an equal chance of earning a living or just simply investing in Bitcoin. It has been an avenue where in they can have a better chance of financial freedom.

We are not in 3rd world countrie? Encrypting the world of money has become a unique country of the world that changes the environment in which we live, changes our world, makes us more different than ordinary people, and has equal opportunities with the rich.

My friend, if you research you will at least understand that Bitcoin and blockchain encryption technology has a greater ability to bring more of the world's population out of poverty than anything we've seen in the last decade. The ones who have not ventured in the world of crypto is because of the problem is the infrastructure and education delivered to them.  Since, Bitcoin is “beyond borders” it will be as useful to every citizen, at least help in improving their living standards, indifferent from the country they belong to. Hence, the effectiveness of the technology will be as useful to the citizens of the 3rd world countries as it will be in the 1st world countries. We are also observing more of the middle and upper classes to be involved in mining and investing in their cryptos. Finally, since the economy of a country is primarily based on “centralization” of their currency, the governments will always be against the cryptos, since their foundation is based on “de-centralization”.

I do not believe that the benefits of bitcoin goes to a particular region of the globe nor its diaadvantages , to another part of the globe. Rather, what I see is a whole lot of opportunities being granted to humanity by bitcoin and the blockchain technology.

The view that the disadvantages are more to the so called 'third' world countries are mere falacy because the industrialized nations are still encumbered by some of those misgivings of bitcoin. Moreover, it is not every individual in the industrialized nations that are into the business of bitcoin nor have anything to do with it. Some have also seen it as a bubble waiting to bust in the faces of adopters. So , we see is not just a thing of disadvantage to the 'third world'.

On the other side, to say that the industrialized nations are also beneficiaries of the bitcoin is felt in the exchanging value of bitcoin to their fiat . The point is, bitcoin earnings also support to argument their financial challenges which they wouldn't have been able to undertake if and where the exchanging rate of bitcoin were to be lower than their local fiat.

Consequently, whichever side of the coin, bitcoin is also making financial gains to every part of the globe.

It would be a very bad idea for people in those countries to get involved in Bitcoin.  They have only a very little money as it is and they should not lose the little money they have.  It would be really irresponsible to promote Bitcoin in those countries as some kind of get rich scheme.  Because a few people might get rich but others will lose all their money. 

Bitcoin and the Blockchain is already helping 3rd world countries by creating remote jobs, these people also get the right to be treated equally by the blockchain jus at a first world country citizen in case of investment and gaining from the world market.

In my opinion bitcoin will be a lot useful to that kind of country but that does not mean that all people living on that country are poor, example would be our country which is Philippines, Ph is underdeveloped country but there are wealthy people here and lots of investors. Person who will be having this coin is the higher class ones , than the poor because bitcoin has a high value some cant get ride the flow and only some will can.

For some countries in which very strong inflation, for example, Venezuela or Zimbabwe, bitcoin is a good way to save
their funds and protect them from depreciation.

I think that for this emerging market countries bitcoin has a lot of additional value, because it not only acts as a store of value but also enable users to hedge out some of the political risk in their national currency

You are underestimating third countries a little bit no doubt that they will take some time and it would also late for them by that time but by looking at the present progress rate of all crypto currencies specially bitcoin, we can say that it will reach faraway places within next 5 years. But the main problem is, a person must have some knowledge of computers so that he can use it for getting benefit.

But in that case, Bitcoin can pose a great deal of competition to the national currency (I am not even sure whether Zimbabwe is having one), and the authorities will crack down on its usage sooner or later.

These are things that really make bitcoin adorable by people all over the world. This is a relief especially for the lower and middle class. These people who are at present engaged with bitcoin are not all from poor class, nor from rich rather there are mixed users of bitcoin.

Bitcoin has been providing equal chances to everyone for making profits with it and living a lavish life since its creation. Poor people are much relieved.

The government is not going to allow it in 3rd world countries. We are fortunate, or at least most of us on this forum are fortunate to live in countries where this is possible. Look at Venezuela. You really think the government putting out a cryptocurrency would help the people? Absolutely not. It's the sad truth

I beg to disagree.
While you may be correct that most third-world countries have insufficiency of internet access and a less-developed technology compared to first world countries, people would exercise all the means in order to alleviate themselves from poverty. This is true to most cases in third-world countries, including India, Philippines, etc. Most people that I know from those countries are knowledgeable about the cryptocurrency world and they share it among their friends. They even hold free corporate meetings and events just to spread the good faith of earning additional income.


The problem with some third-world countries is the underdeveloped technological standards which hinders them from accessing through the internet or having a working computer to begin with. Some third-world countries also follow the barter system of payment and that is why I believe that bitcoin is not for every country YET. Maybe in the future once we develop and advance through globalization, these countries would not be left-out.

If more of the people in the 3rd world countries had access to a Computer then they would benefit more with Bitcoin. BC is helping people little by little.

If you had asked this question before this dip,my answer would had been different as then all things were going good and the approach of government would had been different but right now the situation is very uncertain and not in favor of bitcoin.Many powerful governments are against it and I don't think governments of poor countries will take such big risk of going against these powerful nations.If i speak of advantages  of bitcoin to the citizen of poor country,i don't think there would be any advantage as this will make rich more rich and poor more poor.Poor will not have basic internet facility and they can't cash in these opportunity while rich will have all the facility and with that they will become more rich.

 Government of third world countries are not open minded to blockchain technology.
 Imagine how many people blockchain technology could easily lift out of poverty if only
 the these third world Government embrace Blockchain technology. God will help us all.

First of all 3rd world countries are the countries which cannot provide proper facilities like internet and stuff. So people using bitcoin in such countries can be a very remote possibility. I don't think bitcoin can reach them or anyway, bitcoin can help boost their growth and development and above that many countries have started to put a stop on BTC which will cause thi]ese nations to back away from bitcoins.

Look what the 3rd world nations have done to Bitcoin. The government action in India was primarily responsible for the dip in the exchange rates, from $12,000 per coin to around $7,000 per coin. And this is happening despite good news from the first world nations such as Japan and the United States.

The future is uncertain,there are many opinion about cryptocurrency in here,some are pros and some are cons.
It is useful as investment.Many people start to invest like other investor,but with small amount because they can't afford too much in this cryptocurrency business.
In my country,government turn a blind eye about using crypto,though they warn citizen that government will not take responsibility for the risk that come from indulging yourself with crypto.

bitcoin can actually help third world countries because it's a new way to the sustenance of life. many people make living by investing in bitcoin to pay bills and provide needs. in short bitcoin can improve their standard of living

I don't think there is any scope for bitcoin these poor countires,as it works on some technology called internet.But people living in these kinds of countries doesn't even have proper food and shelter.If at all they have this but the internet prices were soo high that not many people could afford.There are many other serious reason to look for the government than to pay their attention on bitcoin.

A lot of truly third world countries have people basically living off of subsistence farming - people who have never left their home town/village - people who don't own a computer, smartphone, or have the internet. Not only would this idea be entirely foreign to them, I don't know if its wise transitioning people off of their minimally functional existence to a currency system subject to such wild swings of volatility. A person who is barely surviving can't afford to possibly have their wealth cut in half due to sudden market fluctuation. Having peer to peer encrypted currency is probably very low on their priority list.

Although 3rd world countries are developing and poor countries but Bitcoin and all other cryptocurrency are very well known in here. But people in these countries often don't know much ways to earn cryptocurrency and the main way they know is investing in lending system. LOL. It's the main reason why Bitconnect and all other lending coins can survive for a long time before scammed. Beside these countries government still don't have any law to cryptocurrency so in here cryptocurrency is still taken advantage to commit guilty like tax evade or money laundering.

The future of bitcoin that belong in the third world country which is poorer one especially in the country of africa,i thinks its soo doom,because this kind of community is away from technology, no internet connection,and less knowledge about bitcoin.user or people in this place is lack of interest in bitcoin,they cannot used bitcoin, because  of no internet and  my prediction there government also of there country,want to use this bitcoin for the progress of there economy,but due to behind in technology they only dreams this digital currency will operate soon in there mother land to help the progress of there economy.

Very short-sighted answer, 'blockchain technology' as you call it, does not magically remove poverty from the world or a country.
It could be used to give people some form of basic income, but it all depends on how it's implemented.

If countries would use some form of blockchain based cryptocurrency, you can be pretty sure that it's just going to be the perfect way to monitor people's transactions on a grand scale.

I think that btc is a huge opportunity for 3rd world countries as they are not good on so many fields and btc is a new thing and if they could master this tech and coin they would have the chance to rise sharply their economy

governments has the same approach for bitcoin as they see to positivity on this one,since this means ofit to help their people.i dont seeny valid reason for them to have a different outlook..

Bitcoin would be not necessarily need for daily use in 3rd wor countries since they have that broad access to internet and high valued gadgets are hard to owns,so what bitcoin can help them is the market,either trading or holding

I dont yet understand what the meaning of 3rd world country.  Can someone tell me?
Bitcoin will not really help in such kind of country because they will not have fully internet access. And maybe only the citizen who rich have access to computer and the other not.

Governments of the third world countries must support Bitcoin. Considering that these are poor countries, they must encourage their people to invest in cryptocurrencies so that they may be able to help them in their financial needs and also in their economy. They also must provide right information to their people regarding Bitcoin.

Unfortunately most of them denying the existence of bitcoin for the reason of bitcoin could disrupting their economic stability, if the government encourage all their people to invest into cryptocurrencies and all of them doing so and then suddenly the price drops can you imagine what will happen? a crisis, yeah, all the things you will do have the consequence. It's not about helping financial needs, bitcoin is now becoming speculative tool and definitely not a good thing to go all in.

I think bitcoins won't make a difference to poverty. Poverty will be there. Maybe bitcoins would just the effects of bitcoins but by a small margin only. However it maybe, bitcoins will always be useful for the poor, rich, and the middle class people. If the government was to integrate bitcoins to the system, then they should be prepared for possible crashes.

advantages? yes their huge number. For example - convenience, money profit, interest, discovery and much more

I live in Argentina and if you ask "what do you about about bitcoin"(in spanish obviously) in the street, most of people will answer the same "i prefer touch the money", they don't like the volatility...

In poor third world countries, the population has no money to invest in Bitcoin in the first place. In those countries people are struggling to survive, day after day. Governments of most of these countries are so corrupted, their approach to cryptocurrencies is: how can I make money from crypto. Theoretically cryptocurrencies could be very helpful, but the people have no access, so it's not working.

Yes indeed Bitcoin is really useful for the citizens of 3rd world countries, because it is helping them already to get additional income online, and it is helping this poor and unemployed people in this countries. Thats why so mny people from such countries are working with BTC actually.

I agree. For countries with poor or slow growing economies, the cryptocurrency market can contribute a lot of change and do significant good in improving their trade and investment industries. Also, it gives little people the power to better their lives through small investments. As they say, when the people is empowered and is going places financially, then the country also is empowered.

That's what makes bitcoin fragile

The third world countries will not be anywhere near using bitcoin or other type of crypto currencies. To use bitcoin/crypto currencies, you will need to be online and have an internet connection. Most of the third world countries do not have any kind of internet access thus they won't be able to use bitcoin at all.