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Author Topic: Can Bitcoin help poor countries?  (Read 73772 times)
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November 12, 2016, 10:49:19 AM
 #1181

Obviously there are many poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin then definitely they could make a handsome profit our of internet. and if they try to start trade with their lowest available money then also  they will be able to earn some good amount of money and will be able to spend life like rich peopl, take an example of myself. Just kidding well i earn $25 in a month through bitcoin.

I think you have a point. like for example if they join a high paying signature campaign. It is profitable to them if they convert the reward in their local currency, I am sure it has a huge value and can help in their daily life.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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November 12, 2016, 11:24:27 AM
 #1182

Obviously there are many poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin then definitely they could make a handsome profit our of internet. and if they try to start trade with their lowest available money then also  they will be able to earn some good amount of money and will be able to spend life like rich peopl, take an example of myself. Just kidding well i earn $25 in a month through bitcoin.

I think you have a point. like for example if they join a high paying signature campaign. It is profitable to them if they convert the reward in their local currency, I am sure it has a huge value and can help in their daily life.
Come on man, you are so funny.. Do you think we can accommodate all the population of the poor countries to work for signature campaign. Think deeper please, it's not the real opportunity here, it's just a bonus you can earn for being a loyal members but not a job at all.

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November 12, 2016, 05:25:49 PM
 #1183

Obviously there are many poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin then definitely they could make a handsome profit our of internet. and if they try to start trade with their lowest available money then also  they will be able to earn some good amount of money and will be able to spend life like rich peopl, take an example of myself. Just kidding well i earn $25 in a month through bitcoin.

I think you have a point. like for example if they join a high paying signature campaign. It is profitable to them if they convert the reward in their local currency, I am sure it has a huge value and can help in their daily life.
Come on man, you are so funny.. Do you think we can accommodate all the population of the poor countries to work for signature campaign. Think deeper please, it's not the real opportunity here, it's just a bonus you can earn for being a loyal members but not a job at all.
                                                                                                                                             
He's right. The signature campaign is not something a massive amount of people can rely on. Second, signature campaigns, in reality, pays pennies and dimes which would not translate to a job that can sustain your whole family.
                                                                   
Probably, bitcoin can help poor countries by giving them the power of bitcoin itself. They can probably, make use of the facilities of bitcoin for their transactions within and outside the country. Also, they can also offer their services in exchange of bitcoins instead of asking for fiat currency.
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November 12, 2016, 05:52:44 PM
 #1184

bitcoin is more like a sack of complexity to one who do not understand it but if poor contries do understand it and can implement some inoviate ideas depending their situations then yes it will be very helpfull for them and it can make them some self dependent life

If by 'a poor country' it does not mean a country where there is no internet nor computer systems, because in such a case it would be impossible for them to get involved with bitcoin as bitcoin is totally digital right now and it does not have any physical forms.
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November 12, 2016, 06:18:30 PM
 #1185

Obviously there are many poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin then definitely they could make a handsome profit our of internet. and if they try to start trade with their lowest available money then also  they will be able to earn some good amount of money and will be able to spend life like rich peopl, take an example of myself. Just kidding well i earn $25 in a month through bitcoin.

I agree with your point. I am from a third world country and currently studying. Hence in my free time, bitcoin earnings help me to accumulate some coins as a passive source of income. As long as I dont waste time on this forum my main work (studies) is not affected much. Though from a poor background I can afford a laptop and internet and hence bitcoin collecting does help me get a side-earning.

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November 12, 2016, 07:23:12 PM
 #1186

Yes, it would help people of poor countries a lot.People get very low wages in poor countries.If they start earning in bitcoins, it would become a big amount when converted in their local currencies.Mostly corrupt politicians and big corporates snatch earning opportunities from the poor. But in bitcoin, they can snatch nothing from the poor.Fair enough opportunities for poor to earn in Bitcoins.It would increase their standard of living to a great extent.
i do not think that bitcoin can be helpful for poor countries, as poor people have no access to computer and internet, therefore it cannot be helpful for poor countries.
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November 12, 2016, 07:26:17 PM
 #1187

I would have to again bring up the issue that there is limited internet access in these countries.  To use Bitcoin, you need to have internet to properly transfer it.  If there is not much internet access, it could not be considered a dependable currency. 

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November 12, 2016, 07:53:43 PM
 #1188

I would have to again bring up the issue that there is limited internet access in these countries.  To use Bitcoin, you need to have internet to properly transfer it.  If there is not much internet access, it could not be considered a dependable currency. 

As time goes on, there will be more internet access in any country. They can use the mobile network to do that.
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November 12, 2016, 07:59:32 PM
 #1189

I would have to again bring up the issue that there is limited internet access in these countries.  To use Bitcoin, you need to have internet to properly transfer it.  If there is not much internet access, it could not be considered a dependable currency. 

As time goes on, there will be more internet access in any country. They can use the mobile network to do that.
So if we give the countries more internet access, what about the devices that would be needed in order to make the transactions?  Next, what about the countries which still use goods for trade and have no interest in something like bitcoin and such??  Just something to think about.



                                                                                                                                             
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November 12, 2016, 09:49:42 PM
 #1190

Yes, bitcoin can help poor countries if people there can be train into bitcoin trading and mining with all necessary facilities.

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November 12, 2016, 11:02:38 PM
 #1191

Of course, Bitcoin can help different countries not just the rich but also the poor countries. Bitcoin doesn't care if you are poor or rich, It always up to you on how you will use bitcoin to generate some income. If you are from poor countries and you use bitcoin it can help you to level up your monthly income.
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November 13, 2016, 05:54:25 AM
 #1192

Obviously there are many poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin then definitely they could make a handsome profit our of internet. and if they try to start trade with their lowest available money then also  they will be able to earn some good amount of money and will be able to spend life like rich peopl, take an example of myself. Just kidding well i earn $25 in a month through bitcoin.

I think you have a point. like for example if they join a high paying signature campaign. It is profitable to them if they convert the reward in their local currency, I am sure it has a huge value and can help in their daily life.
Come on man, you are so funny.. Do you think we can accommodate all the population of the poor countries to work for signature campaign. Think deeper please, it's not the real opportunity here, it's just a bonus you can earn for being a loyal members but not a job at all.
                                                                                                                                             
He's right. The signature campaign is not something a massive amount of people can rely on. Second, signature campaigns, in reality, pays pennies and dimes which would not translate to a job that can sustain your whole family.
                                                                   
Probably, bitcoin can help poor countries by giving them the power of bitcoin itself. They can probably, make use of the facilities of bitcoin for their transactions within and outside the country. Also, they can also offer their services in exchange of bitcoins instead of asking for fiat currency.

You can earn something with signature campaigns while you discuss good things and learn about something new and well, you can do it after work and for sure this low ammount can help some peoples at the end of the month however it will not save people from poverty.

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November 13, 2016, 06:19:19 AM
 #1193

Of course, Bitcoin can help different countries not just the rich but also the poor countries. Bitcoin doesn't care if you are poor or rich, It always up to you on how you will use bitcoin to generate some income. If you are from poor countries and you use bitcoin it can help you to level up your monthly income.

I am couldn't agree more with you but in my point of view bitcoin helps the one who live in poor country not directed help into a poor country. The financial level of the one who not rich will be higher if they "playing" bitcoin. Because there is so mamy ways to looking for bitcoin for free and get decent worth of bitcoin.
I think if that happens whole of citizens in a poor country, I believe bitcoin will slowly and indirectly helps a poor country from inside.

..C..
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........Finally C is .........
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...................      ....................


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November 13, 2016, 06:31:49 AM
 #1194

You can earn something with signature campaigns while you discuss good things and learn about something new and well, you can do it after work and for sure this low ammount can help some peoples at the end of the month however it will not save people from poverty.

Doing signature campaign really help people in order to earn extra money aside from their daily job.  I agree that signature campaign will not save people from poverty but at least it will aid in financial support even a little.  Only the person himself can do something about his own povertyof course with the help of government by giving them job opportunity that gives a decent pay.

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prabowo96 (OP)
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November 13, 2016, 06:40:53 AM
 #1195

Of course, Bitcoin can help different countries not just the rich but also the poor countries. Bitcoin doesn't care if you are poor or rich, It always up to you on how you will use bitcoin to generate some income. If you are from poor countries and you use bitcoin it can help you to level up your monthly income.

I am couldn't agree more with you but in my point of view bitcoin helps the one who live in poor country not directed help into a poor country. The financial level of the one who not rich will be higher if they "playing" bitcoin. Because there is so mamy ways to looking for bitcoin for free and get decent worth of bitcoin.
I think if that happens whole of citizens in a poor country, I believe bitcoin will slowly and indirectly helps a poor country from inside.

Yes, everyone can use the bitcoin if they have internet/pc or an smart phone but I saw a mistake that everyone commit here, people say bitcoin is opportunity however isn't, bitcoin is just an currency, we can see the same opportunities with fiats, like writting for a blog, doing some photoshop freelance and jobs like that, maybe you just can't find faucets/sig campaigns that pay you in fiat currencies and well, this is nothing if we talk about change the world.

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November 13, 2016, 07:35:53 AM
 #1196

Yes, bitcoin can help poor countries if people there can be train into bitcoin trading and mining with all necessary facilities.

Yeah, exactly, we should accept that bitcoin can help the poor countries not too much but sure. Think about it, now why we are here? because bitcoin give us money and it is online good opportunity to earn money. That's why we are still working with bitcoin and investment in it and also trading help us.

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November 13, 2016, 07:49:12 AM
 #1197

If you are from poor countries and you use bitcoin it can help you to level up your monthly income.

You need to have a different look on this whole subject as everyone here has their own definition of what's poor and what not. Are you talking about second world countries, or third world countries. In case of the latter, let's assume the following things are the case for a big part of the people living in third world countries.

# No internet.
# No computer.
# Language barrier.
# Zero understanding of tech.
# Old telephone with zero usable functionalities in this regard.
# No time for nonsense as they have to work real hard in order to just feed their family.

How and in what way do you think these people can level up their monthly income? Don't tell me through signature campaigns or faucets and all that stuff. Have the above mentioned things in mind.
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November 13, 2016, 12:19:26 PM
 #1198

Yes, bitcoin can help poor countries if people there can be train into bitcoin trading and mining with all necessary facilities.

Yeah, exactly, we should accept that bitcoin can help the poor countries not too much but sure. Think about it, now why we are here? because bitcoin give us money and it is online good opportunity to earn money. That's why we are still working with bitcoin and investment in it and also trading help us.

It is going to be a helpful tool to make those poor countries have their very own good source of profit. But the reality is those poor countries doesn't even have something to pay for their food. We can just easily say that bitcoin can be a good help to the poor countries but we need to consider these things.

# No internet.
# No computer.
# Language barrier.
# Zero understanding of tech.
# Old telephone with zero usable functionalities in this regard.
# No time for nonsense as they have to work real hard in order to just feed their family.





 

 

 

 

 

 


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November 13, 2016, 12:33:03 PM
 #1199

Yes, bitcoin can help poor countries if people there can be train into bitcoin trading and mining with all necessary facilities.

Yeah, exactly, we should accept that bitcoin can help the poor countries not too much but sure. Think about it, now why we are here? because bitcoin give us money and it is online good opportunity to earn money. That's why we are still working with bitcoin and investment in it and also trading help us.

It is going to be a helpful tool to make those poor countries have their very own good source of profit. But the reality is those poor countries doesn't even have something to pay for their food. We can just easily say that bitcoin can be a good help to the poor countries but we need to consider these things.

# No internet.
# No computer.
# Language barrier.
# Zero understanding of tech.
# Old telephone with zero usable functionalities in this regard.
# No time for nonsense as they have to work real hard in order to just feed their family.


It's really hard to help the majority, only few of them will be able to understand bitcoin and that is the sad reality. We cannot do anything about that, the same as saying that bitcoin can replace paper money which is impossible to happen.

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November 13, 2016, 12:38:23 PM
 #1200

Yes, bitcoin can help poor countries if people there can be train into bitcoin trading and mining with all necessary facilities.

Yeah, exactly, we should accept that bitcoin can help the poor countries not too much but sure. Think about it, now why we are here? because bitcoin give us money and it is online good opportunity to earn money. That's why we are still working with bitcoin and investment in it and also trading help us.

It is going to be a helpful tool to make those poor countries have their very own good source of profit. But the reality is those poor countries doesn't even have something to pay for their food. We can just easily say that bitcoin can be a good help to the poor countries but we need to consider these things.

# No internet.
# No computer.
# Language barrier.
# Zero understanding of tech.
# Old telephone with zero usable functionalities in this regard.
# No time for nonsense as they have to work real hard in order to just feed their family.


It's really hard to help the majority, only few of them will be able to understand bitcoin and that is the sad reality. We cannot do anything about that, the same as saying that bitcoin can replace paper money which is impossible to happen.

All also depends on what they do on a bitcoin. If they could do something well or according to plan and do not cause problems in the bitcoin something, then I am sure it will go well. Because the bitcoin can be used in many different ways, so this can all happen or materialize if indeed that did it are those who understand the need to do anything about a plan that is already made. A growing number of professionals who know bitcoin then growth will be higher
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