Can Bitcoin help poor countries?

[GregH37]

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

Bitcoin does not help the poor countries but Bitcoin are great helped to those people who are difficult to meet the basic needs of their  daily life. Just like me I live in a poor country and i grab the opportunity of having bitcoina in my life because i believe that it might be helpful to me and my love ones.

First of, bitcoin is not a job, so how can you tell it can help people with their basic needs. All we can do here to earn a decent amount of money is investing and that involves risk, what if they lose, do they have something to spend for their daily needs?

Definitely bitcoin is one best of investing assert now a days, i hope poor countries cannot afford to buy bitcoin because they don't have proper internet connection, bitcoin is digital currency where you have to buy with your own currency, for that you need to convert your original currency into bitcoin. I hope there is no exchanges in those countries also may be. There are lot more problems in those poor countries.

They will be help is some ways, but investing not really? What they need is to have an income and to lessen their expenses. They need money for their daily needs and they work for it, but with bitcoin how can they earn when they cannot afford to invest. Maybe we can help then on transaction online to lessen the charges.

Yes I am agree with you as the facilities of computer and internet are available everywhere in the world even in the poorer countries of the world so they can have access to bitcoin but the problem is that of investment, If they can invest some good money in bitcoin then they will be able to get benefit from it but I think they must be facing investment problems with their current financial positions.

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[diodio5]

It's a good idea, all people will be easy to send money so that aid to poor countries be receive directly. From the other side of the economy can also be utilized for the mining venture bitcoin.

Honestly it's true, with the support of the government it would be possible to help poor nation but they have to sacrifice the current player in the remittance business. With bitcoin it's cheap and fast so I do not find any reason why this should not be supported.

then what will happen to the country when they have received and adopted the bitcoin? I think the rescue of not only that, you have to have such citizens to work, at least work in bitcoin then poverty will be lost

[needyou]

I dont think this is a good question because how do you think bitcoin can help poor countries do you really think that bitcoins can help them grow if they dont have money for food how would they have money for bitcoins lol.

[Yutikas_11920]

I dont think this is a good question because how do you think bitcoin can help poor countries do you really think that bitcoins can help them grow if they dont have money for food how would they have money for bitcoins lol.

Thought that was quite shallow friends. The intent of this thread is how they want to use the bitcoin and can help them!! . So gini concept used is by providing a facility open to the public in a poor country and after that they are being taught about the study of the internet and how to play bitcoin. If it could all be implemented properly then they will earn money the easy way and it is absolutely free. D

[swogerino]

I would think through donations that this feat can be accomplished.
But that would require alot of help from almost every bitcoiner available to even get one country out of impoverishment.

[Omega Weapon]

Impossible. Every year there is (supposedly) billions of dollar in form of donations going to countries in need of help, but in all the years nothing has happened. In fact, things have become worse. Put that against a few individuals making $10-$20 per week, how on earth will this get an entire country out of its misery? If the incentive for improvement isn't coming from the governments there, then it will never happen.

The problem with those donations is that is given to corrupt governments and they steal most of it and keep it to themselves, so it does not matter the amount of money we trow at them since most of it never reaches the people that really needs it.

[Jiyens3]

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

yes can sure. with income by bitcoin. i think income for bitcoin very help user
so for people or country need more money can use bitcoin

[Fatanut]

I dont think this is a good question because how do you think bitcoin can help poor countries do you really think that bitcoins can help them grow if they dont have money for food how would they have money for bitcoins lol.

I think the people that have nothing to eat is out of the equation. It's only common sense that they can't afford a computer or a smartphone to do bitcoins.

It's not mandatory that you buy bitcoins at first. You can earn them for free from signature campaigns, and faucets although both would take some time. You can also offer services and sell goods. I came from a poor country and I say that bitcoins have helped me and most of my friends online to buy things that we can't buy before. Some of them have started their own business in real life and some are still saving enough bitcoins.

[hulla]

I dont think this is a good question because how do you think bitcoin can help poor countries do you really think that bitcoins can help them grow if they dont have money for food how would they have money for bitcoins lol.

They don't need to have money in other to start making money through bitcoin cos the scheme is going to be a voluntary or involuntary scheme where a group of people or duo provide the poor countries all the needs to start doing bitcoin.

[Japinat]

I dont think this is a good question because how do you think bitcoin can help poor countries do you really think that bitcoins can help them grow if they dont have money for food how would they have money for bitcoins lol.

They don't need to have money in other to start making money through bitcoin cos the scheme is going to be a voluntary or involuntary scheme where a group of people or duo provide the poor countries all the needs to start doing bitcoin.

Well, you have to let them work for bitcoins if you will not require them money to earn in bitcoin world. I guess it cannot really solve the problem, poor people are not really into technology so we'll be having a hard time to introduce bitcoin to them sine we do not even have the best idea on how it could benefit them to give them additional income.

[1Referee]

there is a big difference between donation and earning bitcoin, donation is the amount that you give free to the people according to  your own choice bitcoin can only provide you opportunity to earn it using different method according to their skill and experience.

If you have taken the effort to read my post properly (which you have not), then you would exactly know what I meant with what I have said. Read again.

They don't need to have money in other to start making money through bitcoin cos the scheme is going to be a voluntary or involuntary scheme where a group of people or duo provide the poor countries all the needs to start doing bitcoin.

Even then, it will only help people on an individual basis, and not on country level. Bitcoin isn't a miracle that is helping people to go from poor to an okay life. Name up a few ways of how people with zero skills and low understanding of the English language can make money with Bitcoin?

[Bitcoin2009]

I am pessimistic the existence of bitcoin can help poor countries, if it makes the person or group might be able to. No countries which only depend on one sector of the economy, let alone the bitcoin.

[uname]

It's a good idea, all people will be easy to send money so that aid to poor countries be receive directly. From the other side of the economy can also be utilized for the mining venture bitcoin.

Honestly it's true, with the support of the government it would be possible to help poor nation but they have to sacrifice the current player in the remittance business. With bitcoin it's cheap and fast so I do not find any reason why this should not be supported.

Don't you think that such system when bitcoin will be kind of legalized for international transfers and has support from the government it may affect on bitcoin as the currency and add some unnecessary taxes to such transactions?

nope when bitcoin legalization would not be possible for the government to give taxes to the bitcoin users. I'm sure there will not be users who will pay the tax.
legalization of the government will be like a dream to me

[Sithara007]

I am pessimistic the existence of bitcoin can help poor countries, if it makes the person or group might be able to. No countries which only depend on one sector of the economy, let alone the bitcoin.

Who told you that these countries will solely depend upon Bitcoin? Bitcoin earnings will be supplementary. Bitcoin can help poor people to cut down their expenses. For example, Western Union and Moneygram charge as much as 15% for remittance payments to certain countries. Usage of Bitcoin can bring this down to less than 5%.

[diodio5]

I am pessimistic the existence of bitcoin can help poor countries, if it makes the person or group might be able to. No countries which only depend on one sector of the economy, let alone the bitcoin.

Who told you that these countries will solely depend upon Bitcoin? Bitcoin earnings will be supplementary. Bitcoin can help poor people to cut down their expenses. For example, Western Union and Moneygram charge as much as 15% for remittance payments to certain countries. Usage of Bitcoin can bring this down to less than 5%.

yeah other than that bitcoin will also provide income to the people of the country if they were able to take advantage of bitcoin. certainly it would make the total poor people will be less and at least make the country helped

[hulla]

there is a big difference between donation and earning bitcoin, donation is the amount that you give free to the people according to  your own choice bitcoin can only provide you opportunity to earn it using different method according to their skill and experience.

If you have taken the effort to read my post properly (which you have not), then you would exactly know what I meant with what I have said. Read again.

They don't need to have money in other to start making money through bitcoin cos the scheme is going to be a voluntary or involuntary scheme where a group of people or duo provide the poor countries all the needs to start doing bitcoin.

Even then, it will only help people on an individual basis, and not on country level. Bitcoin isn't a miracle that is helping people to go from poor to an okay life. Name up a few ways of how people with zero skills and low understanding of the English language can make money with Bitcoin?

Thanks for the question and the the few ways which people with zero skills can money through bitcoin are
1) Heart - The willingness to learn and do new thing in other to make genuine money cos people can achieve a lot with heart willingness
2) Language - There must be a good translator for good means of communication. Besides, not all the people on this forum can speak English and that why we have different language thread to help people.
3) Tools - This is where the act of voluntary or involuntary occurs. Per involuntary there will be a means where people are provide the right tools and they later pay back the money by 10-50% they make.

I dont think this is a good question because how do you think bitcoin can help poor countries do you really think that bitcoins can help them grow if they dont have money for food how would they have money for bitcoins lol.

They don't need to have money in other to start making money through bitcoin cos the scheme is going to be a voluntary or involuntary scheme where a group of people or duo provide the poor countries all the needs to start doing bitcoin.

Well, you have to let them work for bitcoins if you will not require them money to earn in bitcoin world. I guess it cannot really solve the problem, poor people are not really into technology so we'll be having a hard time to introduce bitcoin to them sine we do not even have the best idea on how it could benefit them to give them additional income.

Yes but no one like a stagna possible and almost everybody I want learn new things. Especially when it come to making money cos everyone love to make money. In addition, you also started from a stage before you understand what bitcoin is and it willingness heart which push to the stage you're now. Although, bitcoin will solve all the problem of the poor countries but it will serve as another means to make some money and the more people coming in the more the increase in price of bitcoin.

[1Referee]

1) Heart - The willingness to learn and do new thing in other to make genuine money cos people can achieve a lot with heart willingness

People in poor countries have other things to worry about as they struggle everyday just to feed themselves. They are stuck to the insanely low paying job which directly consumes around 10-12 hours of their day. It will be difficult for them to find time to learn/educate themselves while they in the same time can earn money barely enough to feed their family.

2) Language - There must be a good translator for good means of communication. Besides, not all the people on this forum can speak English and that why we have different language thread to help people.

Google translator is the most common and easiest form of translating for people. Exactly that is also a problem since you can easily spot people that are making use of it. It mostly ends up in posts that don't make sense, where after that they get deleted by a moderator.

3) Tools - This is where the act of voluntary or involuntary occurs. Per involuntary there will be a means where people are provide the right tools and they later pay back the money by 10-50% they make.

I can gree that helping people in the way that they get some sort of a starters loan to set up something where they can maintain themselves, and eventually leave poverty behind. I think this is the best possible form of help as they can later employ people themselves as they grow. This however doesn't really require people to make use of Bitcoin.

[madwica]

For the country i think it is very hard but individual people it can because not all people in the countries can access bitcoin since poor people can not afford to but gadgets and they will prefer to buy foods to live longer.

[leonair]

Actually the post Itself is so general that we can easily say that poor countries with poor people can't reach out about the idea of Bitcoin, why all of the comments in this post are so specific or focusing only to the poorest of the poor of a country?. We know that Bitcoin can help poor countries with the right tool and proper knowledge in spreading it to them but we must think about the positive aspect of life and not disclosing the poor countries that they can't reach or learn this Bitcoin thing.

[Gifted]

More than 2 billion adults lack access to financial services such as a bank accounts and credit cards to save and borrow funds, according to the World Bank, with the majority residing in rural areas and typically living below $5 a day.