Can Bitcoin help poor countries?

[Omega Weapon]

I think Bitcoin can help poor countries (concerns indigenous people also I think) in many ways. For example, giving your bitcoin savings to the country, withdraw it to physical money to donate them. Also, to help the country more, we could help them by turning them to technology. Teaching them what the use of a Personal computer, what are the advantages of the internet. We could help them cope up with the various technology we have, even the simple ones. The small things can help them in a big way. We don't know how they really are, but helping them even in small things matters.

I'm also concern for them because as we know they mostly live in depressed area and what they are doing is just for them to live, to survive for each day. So its going to be impossible to them to handle things out when it comes to technology especially this bitcoin thing which is not being seen nor touch. But if they will adjust then for sure this will help them to rise.

I'm concerned also to the governments that do something about it, but instead, they are corrupt. Not saying every government is corrupt but I do think that they exist, corrupt politicians and some of the people themselves make the most out of it. Nothing will happen if nothing is get done. It's very hard for us just to do it. For me, I can't still help since I don't have the amount of money that can be beneficial to them. If I have the amount of money that can help them, I would. 

Governments are made of people and people can be easily corrupted, the difference strives in how much the corruption has taken over the government body.

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[bitcoinmasterlord]

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency. 

But those people should know the ways of earning bitcoins then it will help a lot in poor countries with good internet connections. In India many places internet connections are quite slow but slowly getting better and people don't have an idea of how they can earn money in online.

[Xester]

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency. 

maybe yes, and maybe no..all people have access now on internet, Bitcoins may help poor people because there are so many faucets giving away free bitcoins, all they need is time and effort, but freebies are not enough to cover poverty, They can also put a little investment but it also too risky because many scammers are waiting. Bitcoins can help anyone to earn money online with or without capital just have focus.

[leonair]

Bitcoin is a world virtual currency, not a virtual currency of a single country, because of this a single work or service that is offering a payment through bitcoin will be equal to all that can access this currency, no range of payment no matter what is your nationality. It can help poor countries!

[Selly Arumsari]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

[ardentvolcanoes]

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency. 

if ever they has smartphones and also an internet access so they have the opportunity to adopt bitcoin but for sure most people in the third world countries doesn't have the same stuff maybe they have smartphone but i don't know how many of them has internet access and I guess these people will be having a hard time to discover and understand how bitcoin works.

[goldcoinminer]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

Legalization of bitcoin could help them but will not make them rich. Most of the poor people are not smart to spot the opportunity and they lack education and since bitcoin is an online currency, basic education is required and you need to explain it very well to them for them to understand.

[JANGKRIK BOSS]

Bitcon have great opportunity for help anyone including the poor countries. With bitcoin surely open job opportunity like mining, mining tools, exchanger and more. The easiest and is able to make a wallet to donation from around the world.

[Xenophoto]

Bitcon have great opportunity for help anyone including the poor countries. With bitcoin surely open job opportunity like mining, mining tools, exchanger and more. The easiest and is able to make a wallet to donation from around the world.

Which opened a door of opportunities to poor people. Some people can't even afford to go to college. Learning how to use bitcoins surely enables them to earn some as well. They don't need the school to understand bitcoins since there are articles for that. Poor people can connect to the free wifi and in just days of studying, they'll be able to understand the basic things about bitcoin. A simple smartphone is what they need and even poor people have one of that.

[Sithara007]

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

It is hard to believe, but even in the poorest nations, a majority of the urban dwellers have access to internet and smartphones. The situation has changed a lot in the past 5-6 years. If Bitcoin takes advantage of this rapid transformation, then it can evolve as a truly universal currency. 

But those people should know the ways of earning bitcoins then it will help a lot in poor countries with good internet connections. In India many places internet connections are quite slow but slowly getting better and people don't have an idea of how they can earn money in online.

It is not that easy to earn bitcoins, if you are not fluent in English. In countries such as India, very few people are knowledgeable about Bitcoins. And most of those who use Bitcoins tend to be from the urban elite.

[Doamader]

hello! Im in a third world country and bitcoin helps me a lot, just have to know the secret on trading and stuff, electricity is expensive here so mining may not be advisable, but since bitcoin has been sloping upward, i was able to make money and planning to buy solar panels to help me with mining, so, yes, i think bitcoin can help poor countries just have to be resourceful and if you have all the equipments you need

Well its wizard the electricity being expenside at a third world, can you tell us which country and the cost of your energy where you live, where i live the energy its something like 10-20% the salarie, anyway its amazing to know someone willing to invest into mining process, when we all know thats something that may take some large period to achieve roi, i would advice you to invest directly into bitcoin, using it as store of value, or to trade.

[Mastsetad]

Bitcoin is a world virtual currency, not a virtual currency of a single country, because of this a single work or service that is offering a payment through bitcoin will be equal to all that can access this currency, no range of payment no matter what is your nationality. It can help poor countries!

Bitcoin for sure is a global virtual currency which means it can be used anywhere in the world regardless of the country or your own nationality, but i'm afraid if the people living in poor countries would even come to know about it, and if someone does then it might be hard for them to be involved with it all the time as they might don't have the things needed for it, like internet, computers etc.

[Supercrypt]

Bitcoin has a ability to help poor people like bitcoin give a platform to people to earn some money, its up to the people how much they earn from bitcoin and if you are talking about a whole country then it is difficult because bitcoin is not an NGO that will give people free money. Bitcoin is for those who are hard working.

Not just hard working people, in order to help them we first need the proper infrastructure, that includes proper household, good internet connectivity and minimum knowledge of the bitcoin network along with its advantages and disadvantages.

It is very tough to get this done in poor countries, considering the sheer fact that they are "poor".

Yes I am agree with you, if they have the facilities of using internet and having proper knowledge of computer then they can get benefits from bitcoin and bitcoin can help them, but in most of the poor countries as the literacy rate is too low so use of computer and internet also need proper awareness initially to get start with.

[staff_1307]

I see only an option when one person makes a Bitcoin, and helps the whole country. Because Bitcoin itself a poor country can not help, just in these countries do not all people have the proper education.

[prabowo96]

Bitcon have great opportunity for help anyone including the poor countries. With bitcoin surely open job opportunity like mining, mining tools, exchanger and more. The easiest and is able to make a wallet to donation from around the world.

Which opened a door of opportunities to poor people. Some people can't even afford to go to college. Learning how to use bitcoins surely enables them to earn some as well. They don't need the school to understand bitcoins since there are articles for that. Poor people can connect to the free wifi and in just days of studying, they'll be able to understand the basic things about bitcoin. A simple smartphone is what they need and even poor people have one of that.

More poor, less school.

Kids leave school to work and help the family, they don't stay much in school. Also they can't buy mining equipament, neither pay the eletricity bill for it.

You can't compare a poor guy with some blockchain genius, they have differents chances. Bitcoin/cryptos will be on poor countries just when someone go there and explain the benefits and how to use.

[prtty2gal2]

hello! Im in a third world country and bitcoin helps me a lot, just have to know the secret on trading and stuff, electricity is expensive here so mining may not be advisable, but since bitcoin has been sloping upward, i was able to make money and planning to buy solar panels to help me with mining, so, yes, i think bitcoin can help poor countries just have to be resourceful and if you have all the equipments you need

That’s really good news that people around the world is interested in bitcoin and crypto currency technology. Yes, I think you are on a right path with solar panels because it’s going to be more and more difficult day by day to earn profit from bitcoin mining. Make sure you are creating awareness about bitcoin in your friends and family and we have yet to reach that big milestone so let’s put our steps towards it.

Yes,  people are adopting bitcoin for their online business as the new generation is really interested in online business, hope that a time will come when majority of people will be using bitcoin even in our local shops for shopping.
This way poor countries economy may get stir up by having new payment system. Usually only triggering is more important, rest of work will be done by people automatically.

[Xenophoto]

Bitcon have great opportunity for help anyone including the poor countries. With bitcoin surely open job opportunity like mining, mining tools, exchanger and more. The easiest and is able to make a wallet to donation from around the world.

Which opened a door of opportunities to poor people. Some people can't even afford to go to college. Learning how to use bitcoins surely enables them to earn some as well. They don't need the school to understand bitcoins since there are articles for that. Poor people can connect to the free wifi and in just days of studying, they'll be able to understand the basic things about bitcoin. A simple smartphone is what they need and even poor people have one of that.

More poor, less school.

Kids leave school to work and help the family, they don't stay much in school. Also they can't buy mining equipament, neither pay the eletricity bill for it.

You can't compare a poor guy with some blockchain genius, they have differents chances. Bitcoin/cryptos will be on poor countries just when someone go there and explain the benefits and how to use.

And what do you think a bitcoin genius did? He studied. That's something anyone can do unless you have some mental sickness. He wasn't born as a blockchain genius, he put an effort to become one. Any poor guy can do that as long as he have an internet connection. Along the way of his learning, he can earn money and that money can be used to buy computer equipment. Little by little anyone can make their way on the top.

Poor countries don't need someone to go to their place to explain bitcoin, they can learn it by themselves. As a matter of fact, I belong to the population of a poor country. Let's not have lame excuses. I'm earning bitcoins now, didn't have to be any richer to do so.

[GregH37]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

But it is also a fact that even in poor countries where you can hardly find the basic facilities of life, like food, water, electric city security but still there the luxury and entertainment items are very cheap. So, they must have the facilities to use get benefit from bitcoin. They just need a proper knowledge of computer and internet.

[clickerz]

More poor, less school.

Kids leave school to work and help the family, they don't stay much in school. Also they can't buy mining equipament, neither pay the eletricity bill for it.

You can't compare a poor guy with some blockchain genius, they have differents chances. Bitcoin/cryptos will be on poor countries just when someone go there and explain the benefits and how to use.

You have a point here, but you know what there are people who are poor but have talent. There are NGO's who are very supportive of poor people, and even sent them to university abroad.There are also scholarships from government who cater poor students.Since education is one of your reason, when this poor is educated, it is not possible that they can learn cryptocurrency and earn from it? How about he become a developer?  or even a freelancer and received payment in cryptocurrency? The possibility are endless for bitcoin to help the poor since we are equal worldwide with bitcoin.

[serjent05]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

But it is also a fact that even in poor countries where you can hardly find the basic facilities of life, like food, water, electric city security but still there the luxury and entertainment items are very cheap. So, they must have the facilities to use get benefit from bitcoin. They just need a proper knowledge of computer and internet.

But the problem  would be the access to this gadgets and internet.  If you are making rich people in a poor country richer, you are not helping the country to level up its status.  The reason why country is poor is the percentage of the poor people that have no means of meeting the basic or standard way of living.  This problem will only be solved if the government centralized its effort of implementing a project that give acces to the knowledge and equipment needed to facilitate or take advantage of bitcoin opportunity.