Bitcoin Forum

Countries of third world are being controlled by powerful economies. They are always at the risk of Financial recession. Many Countries have valuable natural reserves or potential to do progress.

country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.

That's indeed a good solution. Some governments are thinking of issuing coins for the development as well. The third world will get a nice amount of the fund if they use ICOs and coins for the development issues and promote that well in the whole world.

Yes, you are right. Cryptocurrency is the best solution for dying economy and best investment ever. Because cryptocurrency is more profitable than any other currency and it has a huge potential over the world economy.

I think it is so partly. Blockchain and cryptocurrencies can make economy better but not save it. We, i mean peoples, humanity, organizations and governments - need to use our resources effectively, and using cryptocurrencies is a good way or big step to effectively using our resources.

The cryptocurrency proposal is actually to improve the financial system. In specific terms it is a method of recycling and accelerating the monetary system engagements of the people, company or even a nation. I agree% 75 on the theme, but also believe that cryptocurrency is able to drastically change the history of world economies and this may not be healthy.

I think Cryptocurrency is the best way of recovering economic damage. Since Cryptomarket is a profitable place where investors can invest a little money for a big amount of profit. And it is a trustable market too.

In a current situation of a long bull market is the economy of almost every country in the world blooming, but this can turn around very quickly. Non-superpower countries with their own currencies might be at a great risk and they would be in recession in basically no time. Turkey is struggling already and Argentina, India, Brasil can expand the list of countries with problems. The problem is that the government have no assets backed by anything valuable. Gold would be a good idea, but a crypto network is not the worst one, though. Who knows if any country would use this method in dangerous situations and how would regulations be applied in this area. Right now, we should be happy for a great situation full of endless opportunities, but a plan B in the pocket is definitely a nice thing to have ;).

The vast majority of the current payment transactions strategies require high transaction charges. A large portion of them charge 10-20% for transactions fee. This is particularly high given the unsecured idea of these exchanges. KitTokens is wanting to make exchange costs more reasonable for venders and merchants.

you're wrong. giving up their money will lead such countries to the collapse of the economy because the cryptocurrency is not stable and anonymous, such a country will lose income to its budget.

Economic system in the world are controlled by a strong framework and whenever the structure breaks, it is much harder to turn over. Here Cryptocurrency is a big strength for recovering the breakdown structure. Cryptocurrency gives more profit from a little investment.

great ideaa. i appriciate your thinking. to make their country financially powerful they should think about this.

there are some countries who are suffered economically. but they have enough resources. they should allow crypto currency to enter on their currency. then their currecy will be economically strong.

cryptocurrency are more popular and its use world wide. if third world country use it they should do something good. it will make their capital and more profit in future. i think it will be make more profit in future.

Crypto could be one of the most powerful solutions about a dying economy.
Because with valuable crypto it will be able to fulfill it and reduce deficiencies.

it will be a good news for crypto if third world country use crypto to collect their capital. in this country are more probable and secure for crypto. they should use it for collect capital. its future are very good.

your right crypto are more probable and potential. if third world country use crypto currency to collect capital they should do something good. it is very good sign for crypto. it future are more bright.

unfortunate but it is true that world economic condition is not very well and no-one could find a stable solutions about it but if we try cryptocurrency than it could bring a positive impact and make revolution in the future economical situation

The economies of almost all countries are controlled by strong powers such as banks and governments, the only way to evade these controls is to begin to use cryptocurrencies on a continuous basis to have control over own savings

Cryptocurrency gives opportunity for the people who dont have a job.
for the people who are stying in house because of taking care of their kids.
This really opens opportunity to all the people, which can help the economy.

It is very difficult to implement because of the possible big machinations in this system. Due to the fact that the world community has not yet accepted this, individual states are in no hurry with the decision. This is a rather difficult decision, it is worth more prepared for this issue.

We first need to make cryptos more stable. If BTC could start to behave like a real currency then it could really help poor countries IMO.

Yeah, I think so. Moreover it has already showed us and all over the Wprld its power but I worry about its future cos fiat whales wanna stay rich...

you accept it or not but the truth is we all knows that the world economic growth is falling very low and very soon we have to face a serious crisis but in such condition cryptocurrency could find a solution for us if we trust on it and give it a chance

Yup, me as a citizen of the developing country also feels these cryptocurrencies becomes one of many solutions that can change of economy, especially in my environment. This is a positive way. It's also can become the main capital of financial if i want to quit from crypto. But so far i didn't get any reason to quit from this profitable environment.

May be they will choose the bonds because crypto currencies are still not that big and out of the box to handle the big amount of money that is needed by the projects like those. We are not talking about few million dollars here, its all about the billions and upto trillion or something. They are different intentional relations which will always need to be played safe with the ever growing threats of hacks, stealing of the money and stuff like that. Not to forget the wars etc I dont think crypto currencies are best option yet because its lacking that infra structure I believe.

This maybe wrong if it is a statement not a question.cryptocurrencies are designed for decentralization to avoid the economic crisis impact that happened over the past years.it might help but not really bring solution and its different in my own thoughts.

I think this is a good idea for the countries those are lacking fund to develop or utilize their resources. If they bring up ICOs regarding these sectors and estimate the profit, I guess people might be interested to invest.

In this world it is not possible to rise for many countries having potential resources just because rich countries dominate the market. so investing on crypto would be an option for them as it is decentralized

yes it sounds good, yet they need to attract brains from all over the world which means they have to have enough money for paying them enough

Well it’s true that if people from developing countries back up and invest on crypto market, both them and crypto market will be helped. But I am not sure that they will do it soon as they barely know about crypto

but what happend with the crypto currency
it's also dying ! or what !

I agree with your statement. I think this is the only way to fight against the world’s economic dominators for developing or small countries. I hope this happens soon

Nations of the 3rd world are being controlled by ground-breaking economies. The nation which has oil, gold minerals and visitor puts, however, does not have enough finances to put resources into these ventures.

Absolutely brilliant idea. But the problem is those country also lack proper education about crypto world. So this is highly unlikely you will get it in the practical world. Still hope for the best.

Most developing countries do not have gold reserves, which ensures stable operation of the financial system. Such countries are puppets of strong countries. It's a good idea to use crypto currency instead of gold.

I think some countries from third world has some trust issues regarding cryptocurrency. That's why the governments don't wanna take this opportunity. They should know about the proper utilization of crypto.

Not only third world countries but also first world countries can be benefited with cryptocurrency. It has created a huge opportunity for the world. I think every countries should accept it for their betterment.

Cryptos will be used in far greater numbers in the coming years... by governments I mean.
And hopefully not just corrupt governments like Venezuela.
Countries like Italy could use a crypto alongside Euro so that they could devalue it and counter inflation.

cryptocurrency is very popular and used all over the world. if a third world country uses this, they must do something good and in demand. it will make their capital and more profit in the future. I think that in the future it will bring more profit.

Many countries are still not yet opened both their eyes and mind about investing in Cryptocurrencies since it's way too risky for them to invest on a fluctuating market. However, this is still a good idea for the government to reach out on cryptocurrency and seek profits for the good of the economy.

Yeah i am completely agree with you. Cryptocurrency can be a good option for the countries which have economic problems. Besides it can be an economic solution for all the country of the world.

Your concept is good but what I believe is that there will be so many challenges because of the people itself of that countries. The government may not agree with that, as well as the people might not adopt this in a very positive way.

I don't know about that. there are still a lot of people who are very hesitant or somewhat avoiding cryptocurrency. People are scared of it because they don't really comprehend what the capabilities of blockchain technology. How can you expect a government to trust cryptocurrency when people are not yet educated about it.

I agree with you, countries with natural resources such as petroleum, gas, coal, copper, iron seeds and other natural minerals can raise funds by inviting investors to join their ICO and fund their projects, if this happens in a country then the economic gap will be reduced and the country society will be happy.

Yes, I agree with you. This can be a unique thing to do. But, there will be a lot of barrier in this case. First of all, Crypto currency is still not get adopted by many developed countries so how could we think that the underdeveloped and developing country will accept it.

yes, you are right, It might help e alot to the economy who don't have the monetary asset but have so many others to compile with. But the biggest barrier here would be the governments of that countries. Hope this idea will work and get introduced.

Exactly what I was thinking when I saw ICOs coming up with funny and useless concepts whereas they could have helped any poor or underdeveloped country by solving the problems they face in their daily life. That's how you should normalize cryptos and make the population of the world mass adopt the blockchain technology.

There are third world countries already who are being helped by blockchain and cryptos to solve their real life problems. Kenya is being helped by Bancor, Zimbabwe is trying to solve their inflation problem using cryptocurrencies. I think this is just the beginning. Soon, other countries will see the results and start adopting blockchain or cryptos to help themselves.

What you have stated could be made possible if two things happen. First, someone needs to take the initiative of starting the crowdfunding and secondly, the third world country that we are trying to help should allow the utilization of cryptos and blockchain, otherwise all the efforts will go in vein.

It is a good idea to bring projects that will work on the sectors that are untouched by the crypto market. It will be able to bring potential investors too in the market and might generate more investors too.

I agree to your idea. Our world might soon face an economic recession. There are many countries who does not have enough fund to invest on this resources. A cryptocurrency which will help in development of this field is really appreciable.

Wow that’s a very good idea. I really like it. Crypto supporter countries can apply this method. I believe that it will be a successful one.

I agree. It must be good idea to have bitcoin as the reserve instead of having gold. When countries start accumulating bitcoins then bitcoin price will increase which lead to have stronger economy for the same money that they have spent for buying bitcoins. I am not a master in economics still I believe bitcoin is 100% suitable replacement for any country's reserve asset.

But, bitcoin will remain highly volatile for next 100 years at least. Still, it does not mean bitcoin cannot help poorer countries or for dying economics of other countries. I mean to say, bitcoin may help any country to stabilize its economy regardless of its unstable market prices. Bitcoin is here to have million dollar prices hence it will not remain stable in any near future.

Cryptocurrency provides opportunities for people who have no jobs. For people who stand at home because they take care of their children. This really opens up opportunities for everyone.

It's not that simple.  No matter how much money you give, if it's the wrong government, corrupt politicians, that money will gone.  If the country political condition is good, big investors will come.  No need coin like Venezuela do.

This is quite true for the third world countries where they are suffering from financial recession,the decentralized nature of cryptocurrency will help solve the pending funding issues of those countries. Through the blockchain ICO ecosystem startups can easily raise money to fund some projects that will enable the development of their economy.

Fella, your idea is fantastic, it seems that what you said would become ture someday in the future. But I have a question. The two countries like Zimbabwe and Venezuela were very keen on cryptocurrency last year, but haven’t achieved much so far?

I think third-world countries can really use such a strategy to succeed. But in this situation a lot will depend on the government of the country. Corruption can immediately eradicate such a strategy.

For the underdeveloped countries, a big investment is needed to develop this sector of the economy!

America can no longer support the dollar economy because of the huge national debt, perhaps the cryptocurrency economy will come to replace the dollar.

yes I agree with your opinion. investment in crypto will affect the progress and economic development of a country, because crypto is more profitable than others. Crypto currencies have great potential to improve the world economy.

I know many companies, they are very promising, but now they lack money, I think cryptocurrency is a very good financing method for them.

Investing in the sectors of the economy such as the food industry for example will be a good move. The sector is untouched, that means the opportunities are still untapped and there will be a broader scope for the investments.

What you are suggesting sounds a lot like creating Bonds to finance domestic projects except instead of issuing paper it would be covered by crypto instead. It might be a good solution to generate some investment but the way the markets are right now I don't think many projects would benefit from raising 20 or 30m $

Peoples are investing on this market and earn profit then they can change their financial position. If they get much profit then they can invest that money into many projects.

Your purportion is an actual fact that if worldly Economies especially the less developed ones could adopt, recession shall in no doubt be wiped off their society. But many Governments are still not ready to adopt or looked critically into Areas where these Cryptos could be of importance supporting the Growth and Development of such Economy. Gold, Mineral oil and some Agricultural Produces could be aligned with Crypto to breed a more better Economy.

Well I think that this problem that was described by author surely may be solved by cryptocurrencies. But only if government of this country itself understands it.

Right now crypto is not a one stop solution for anything. Being in infancy still, all this is simply conjecture and pointless too.

you are right and that is a promising idea, only the problem now is that in those countries human resources are lacking and maybe they don't see crypto as an opportunity to develop their economy.

It is also very usefull and be a solution for countries are having the inflation situation such as Venezuela. Crytocurrency are being using a lot at these countries

I think maybe cryptocurrency can be a solution for a country's economic development and in my opinion cryptocurrency with blockchain technology can turn the financial world into a transparent and better

The problem is the uncertainty of the crypto market. Sometimes it can make the people more poor if they invest money in this market. The price is not much stable to bring that kind of a proposal I think.

That could be good idea but I see that it is coming under the government control only. The oil, gold, and stuff like that is all about the government controlled assets which means if they ever create the coins then that will be all controlled. Just like the ripple which sniffing the money from our pocket the government will do the same thing for sure. The potential is huge, but you know very well how the government and stuff works like, they may start to insure huge taxes and set up different system here. Everything is mystery.

It is a quite great conclusion for the crypto's development. I suppose that crypto will replace economics and its independence will be the general plus there.

It can't because the dollar has already supported by regulators and crypto can't do anything with it because the regulators have all of the controls about the regulation and they can do whatever they want. It will be so long for crypto to replace the fiat value consider it's still too early and even the regulators said that crypto is not enough scalable especially for bitcoin

I think that cryptocurrencies investors can invest their money into something more "real" like oil, diamonds and other stuff that third world countries have and by doing this they will help those countries.

I am totally agree here, crypto can solve this one very easy and there will be less problems and disadvantages in this system of working. I think crypto is very suitable for replacing even in part.

Can you explain me how crypto can help the whole country please? Some special services have trade on the market or some certain people who succeed at this will help their country by donating money that they earned? 

Already, in some African countries they use cryptocurrency on par with the US dollar. All because the national currency is even more unstable than the cryptocurrency. But I would not consider this a panacea, especially considering the mentality of the population and constant wars. Where war is going on - there can be no stable economy.

Of course, if the national currency is very weak, then as an alternative it is wonderful to accept the cryptocurrency at the state level and solve the problem

I can not say that volatile cryptocurrency is the best solution for third world countries

Yes, they have to use it for their economic growth. And I'm with backing it with real value for price stabilization!

I think for now cryptocurrency is not ready to be a solution for economic growth, besides because there are still many governments that have not received crypto, also because the situation is still very unstable

yes it is one of the ways of developing independent, as much as it possible in present world, economy and at the same time applying crypto, giving it a chance to work for bigger purpose

I believe that the calculation and adoption of cryptocurrency in the country at the state level further destabilizes the economy