Can Bitcoin help poor countries?

[elena-tur]

It seems that it is very greatly increase the possibility of bitcoin. Of course, for a man who knows what it is, bitcoin can benefit, but it does not mean that if it benefits one will get it all.

Poor any money to help. A poor country which has no infrastructure, I do not think he could cope with bitcoin.

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[satdas]

bitcoin can't help an entire country,but can help individuals...and those individuals may be willing to help their country to grow economically and aid development

yes it can help the individual ans o the individual can help their country but i think i is not remarkable helpful for all the poor countries as mos of the poor countries have no facilities of computers and internet therefore they cannot get the benefit from bitcoin that the rich countries who have the facilities of computer and internet available can get.

[avikz]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

[prabowo96]

I think bitcoin can help poor countries because poor countries have so many corruption and bitcoin can reduce corruption.government are corrupted so using bitcoin people can identified where government using their money.

Bitcoin can't reduce the corruption since the corruption (governments) itself will make sure Bitcoin stays outside. They won't let Bitcoin gain ground till a level where it is infront of the government's door. They will act before that.

Government will ban bitcoin if it can goes against corruption, it's sad but it's true.
Btw people just don't care about it, otherwise they will be already on the floor

No, Bitcoin can't stop corruption or even just reduce it. We have a real life example, drugs that get you high are illegal in certain countries yet why is there still corruption? Even though they can't stop the circulation of illegal drugs what they just do won't produce anything related to corruption as there are other ways for the government to have money like taxes. What we can do to prevent corruption is the transparency of projects in real time.

That's true, they don't have any control on it, just spend a lot of money in drug war with no effect, it will have much more effect if the government invest this money on education and well, legalize all this drugs and use the money of taxes for health/education... Old minds...

[1Referee]

I think bitcoin can help poor countries because poor countries have so many corruption and bitcoin can reduce corruption.government are corrupted so using bitcoin people can identified where government using their money.

Bitcoin can't reduce the corruption since the corruption (governments) itself will make sure Bitcoin stays outside. They won't let Bitcoin gain ground till a level where it is infront of the government's door. They will act before that.

Government will ban bitcoin if it can goes against corruption, it's sad but it's true.
Btw people just don't care about it, otherwise they will be already on the floor

That's the problem here, whatever their government is doing, these people see it as something that has to be done in order to maintain their authority, and thus agree with it. These people are nothing more than sheeps. They can't think on their own.

[drwtsn32]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

But always remember. You cannot start your own business without a capital.
If this person had a capital, he could have started his business a long time ago even not with bitcoin.

[Senor.Bla]

I think bitcoin can help poor countries because poor countries have so many corruption and bitcoin can reduce corruption.government are corrupted so using bitcoin people can identified where government using their money.

Bitcoin can't reduce the corruption since the corruption (governments) itself will make sure Bitcoin stays outside. They won't let Bitcoin gain ground till a level where it is infront of the government's door. They will act before that.

Government will ban bitcoin if it can goes against corruption, it's sad but it's true.
Btw people just don't care about it, otherwise they will be already on the floor

No, Bitcoin can't stop corruption or even just reduce it. We have a real life example, drugs that get you high are illegal in certain countries yet why is there still corruption? Even though they can't stop the circulation of illegal drugs what they just do won't produce anything related to corruption as there are other ways for the government to have money like taxes. What we can do to prevent corruption is the transparency of projects in real time.

That's true, they don't have any control on it, just spend a lot of money in drug war with no effect, it will have much more effect if the government invest this money on education and well, legalize all this drugs and use the money of taxes for health/education... Old minds...

i agree. in many places the people know about those problems they have, but there is not much they can do. if there is only one business in town you have to go there whether you like it or not. people see the problem, but there is no easy way to deal with this, so it will take time and bitcoin will be not a big help in this process. 

[drwtsn32]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

But always remember. You cannot start your own business without a capital.
If this person had a capital, he could have started his business a long time ago even not with bitcoin.

[Noctis Connor]

NO, it can not. There are many poor countries which does not allow its people to use bitcoin. And their economic system have not developed for bitcoin yet. Imagine it yourself, how can Africa can convert bitcoin into cash to help the people ? If you want to help these countries by bitcoin, the only way is to change their currency to bitcoin, and only bitcoin is accepted for payment.

it cannot help poor country but poor people who want to educate their selves or get involved in bitcoin has a big chance that it can help them by using bitcoin and people allow them selves to do work like these and their economics system where probably developed bitcoin soon if you imagine your self using bitcoin then you have a big future.

[prabowo96]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

But always remember. You cannot start your own business without a capital.
If this person had a capital, he could have started his business a long time ago even not with bitcoin.

That' the point, a good idea can earn money, whatever the currency, fiat or crypto.

Money make money, and that's why they still poor.

[Senor.Bla]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

But always remember. You cannot start your own business without a capital.
If this person had a capital, he could have started his business a long time ago even not with bitcoin.

That' the point, a good idea can earn money, whatever the currency, fiat or crypto.

Money make money, and that's why they still poor.

why are they still poor? because money makes money or because they never had a good idea?
because you can make money without money. we call that working. also there are people with good ideas, but they are unable to realize it. maybe they do not have the time or money to start or are just to afraid. the point is, there are scenarios where you are just not able to do something about the circumstances.

[diodio5]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

But always remember. You cannot start your own business without a capital.
If this person had a capital, he could have started his business a long time ago even not with bitcoin.

That' the point, a good idea can earn money, whatever the currency, fiat or crypto.

Money make money, and that's why they still poor.

I think money can make a country become alive again. the wealth of every person in a country can make it back in the developing countries, so bitcoin would be devastating for a country when that country has a bitcoin users

[Senor.Bla]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

But always remember. You cannot start your own business without a capital.
If this person had a capital, he could have started his business a long time ago even not with bitcoin.

That' the point, a good idea can earn money, whatever the currency, fiat or crypto.

Money make money, and that's why they still poor.

I think money can make a country become alive again. the wealth of every person in a country can make it back in the developing countries, so bitcoin would be devastating for a country when that country has a bitcoin users

i do not see why? do you mean because you think you do not have to pay taxes with bitcoin? because you do have to pay them just the same as with fiat.
and if you decide to open up a business with bitcoin in the country then you will pay taxes and create jobs just the same as with fiat. i see not why bitcoin should hurt.

[Chennai]

Yes. Can. Educated men and women who are unemployed, are seeking for careers. Yes. Bitcoin forum made so many unemployed employed. Many experience living a comfortable life with BTC earnings. I wish bitcoin should reach every corner and make many lives live with everything required. Thanks to the founder.

[iqlimasyadiqa]

of course with ease and all forms of renewable technologies, bitcoin could facilitate access to finance for such a poor country. a country will be more easily conduct economic transactions. they can introduce local products superior to other countries.

[Zadicar]

Yes. Can. Educated men and women who are unemployed, are seeking for careers. Yes. Bitcoin forum made so many unemployed employed. Many experience living a comfortable life with BTC earnings. I wish bitcoin should reach every corner and make many lives live with everything required. Thanks to the founder.

You have a point though because of bit coins existence it somewhat helps especially to jobless people all over the world in able have the chance to earn here on bitcoin and we could really say that bitcoin invention really helps a lot of people not only on earning opportunity but also to the features it gives like on money transfers and even more which poor countries or even rich countries could benefit of.

[randy8777]

of course with ease and all forms of renewable technologies, bitcoin could facilitate access to finance for such a poor country. a country will be more easily conduct economic transactions. they can introduce local products superior to other countries.

the corruption will most likely prevent bitcoin from getting its foots on their territory. if bitcoin implemented well enough, it can definitely have a decent contribution towards giving people a better future and such. but the corruption in these countries don't want that to happen. everything they do, is done in their own interest, and not in the interest of the citizens.

[Oralmat]

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

But always remember. You cannot start your own business without a capital.
If this person had a capital, he could have started his business a long time ago even not with bitcoin.

That' the point, a good idea can earn money, whatever the currency, fiat or crypto.

Money make money, and that's why they still poor.

Bitcoin can help poor countries in such a way that people will not have to pay taxes while using bitcoins, like they pay taxes on monetary transactions while using Fiat currency. Also there are a lot of small jobs available which offer bitcoins in return.

[RkVza]

no way it can increase economy of a poor country

[mpgh1]

I belive it can, to make a fair currency not controlled by few people who manipulate and decide what to do with it at any moment!