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Author Topic: Can Bitcoin help poor countries?  (Read 73772 times)
safari88
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September 01, 2016, 08:49:27 AM
 #21

Bitcoin can't help an entire country. but it can surely help the person who use bitcoin if he's poor. and if a country have a lot of bitcoin users then it will surely be beneficial and for that country.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.

You are correct, dude. Btc can help and improve poor people, in Africa, Asian countries. They can make bitcoin by solving captcha, posting and do social campaign. Although the money is not a lot, it still can help to improve their life.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.

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September 01, 2016, 08:51:25 AM
 #22

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

Bitcoin has made people's life easier because through bitcoin people can earn good money if they live in a poor country, for example offering any service and if they can't get paid through paypal because their country is not supported then bitcoin is perfect.
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September 01, 2016, 08:56:13 AM
 #23

i think bitcoin can't and not that great because if we distribute bitcoin to the poor countries will doesn't automatically help them because the problem of poverty cannot solved easily and i think this problems is too complex but maybe we as bitcoin users can help them with small things such as donation our bitcoin to those countries maybe this is indirectly will help them even just a small help
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September 01, 2016, 08:58:06 AM
 #24

Yes if bitcoin would be used in poor countries then less money would "disappear" and the money would be more global and worth equally. Not saying it could save the countries but it could definitely help in some way
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September 01, 2016, 09:03:38 AM
 #25

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin can save on some expenditures but it can not completely eradict poverty as it is a very complicated economic problem.Bitcoin can not make them rich
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September 01, 2016, 09:05:15 AM
 #26

People from poor countries could do some jobs for bitcoin, bitcoin rises they get more networth and have more to spend > country gets more money tada magic solution. But ofcourse it's not that simple sadly enough.
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September 01, 2016, 09:09:19 AM
 #27

Bitcoin can help in poorer countries to some extent. I read an article about a teenage kid, who was working on the farm although she was qualified in other fields. A philanthropic company called her up and gave her a vacancy. She didn't have a bank account or anything like that. Therefore, the company who was quite familiar with Bitcoin paid her in Bitcoin.

This is just one example of how Bitcoin was used for good in poorer, second-world nations.

Smiley
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September 01, 2016, 09:24:49 AM
 #28

you are asking the wrong question here what you should ask is that whether or not poor countries could use block chain technology and adopt it widely to help themselves, answer is yes and they really should do it.
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September 01, 2016, 09:36:21 AM
 #29

yes i think it could,if there is much and proper circulation of it...and also means of investing in it...to gain more profit..i think it can..
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September 01, 2016, 09:37:58 AM
 #30

well i kind of doubt it can help poor countries, but at least bitcoin can prevent the poverty rates, bitcoin has already help so many people in economic, but it cant make people rich, one of the way for bitcoin to help poor countries is by held a donation and the give to the poor countries


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drwtsn32
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September 01, 2016, 09:47:15 AM
 #31

Bitcoin cannot directly help them. But someone good who is willing to use bitcoin to help is a good idea.
It has a lot of functionalities that can be useful to anyone, for anyone.
Too bad that it is more used in illegal activities.
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September 01, 2016, 09:47:48 AM
 #32

I am not too sure about a whole country, but Bitcoin can certainly help poor induviduals, as long as he has a computer/laptop/mobile phone with at least wi-fi internet connection. Bitcoin and this community sure did help me, I am not poor but I do not own a credit card and my parents do not like paying for games and digital goods, so I use Bitcoin for it. It is very helpful and easy to earn in smaller amounts, such as in various tasks for other people and signature campaigns.

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September 01, 2016, 09:50:45 AM
 #33

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

The problem is how bitcoin help poor countries ? Bitcoin is works like fiat and i think bitcoin can't do anything to poor countries. Bitcoin is not free money and you need works to earn it.
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September 01, 2016, 09:55:24 AM
 #34

Bitcoin can't help an entire country. but it can surely help the person who use bitcoin if he's poor. and if a country have a lot of bitcoin users then it will surely be beneficial and for that country.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.

You are correct, dude. Btc can help and improve poor people, in Africa, Asian countries. They can make bitcoin by solving captcha, posting and do social campaign. Although the money is not a lot, it still can help to improve their life.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.
I think it's possible. in fact bitcoin provides employment for many people. you know there are many millions of users in bitcoin get money or a salary of bitcoin. regardless of their method of get bitcoin? but I'm sure someone can get rich from bitcoin
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September 01, 2016, 09:59:18 AM
 #35

Bitcoin can't help an entire country. but it can surely help the person who use bitcoin if he's poor. and if a country have a lot of bitcoin users then it will surely be beneficial and for that country.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.

You are correct, dude. Btc can help and improve poor people, in Africa, Asian countries. They can make bitcoin by solving captcha, posting and do social campaign. Although the money is not a lot, it still can help to improve their life.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.
I think it's possible. in fact bitcoin provides employment for many people. you know there are many millions of users in bitcoin get money or a salary of bitcoin. regardless of their method of get bitcoin? but I'm sure someone can get rich from bitcoin

Yep! Here in our country lot of people dont have a job after finishing their education and they end up in their house just surfing internet just like me when i dont find a job(but now i do have a job) . Just surfing to internet and feel useless but because of bitcoin i earn not really a lot but it can make me buy something like foods or etc Smiley .Yes! bitcoin can help poor people like me
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September 01, 2016, 10:11:12 AM
 #36

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

Bitcoin or any other altcoin cannot help any poor countries but these digital currencies can surely help poor people who uses bitcoin in the aspect of financial status. And every individual needs to work in bitcoin for as bitcoin helps every individual. 

TBH, I am poor and I am using bitcoin to help me in my daily expenses.  And it was really great that I came to know bitcoin and this community.

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September 01, 2016, 10:30:51 AM
 #37

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

The problem is how bitcoin help poor countries ? Bitcoin is works like fiat and i think bitcoin can't do anything to poor countries. Bitcoin is not free money and you need works to earn it.

I'm not talking bitcoin is a free money..
Think in that way: You live in a poor country and for example you create sites, and for that job you earn $1/hour, $8/day, 240$/month. (USD)
So now you discover a freelancer site base in bitcoin, and you can earn now $5/hour, 5x more.
Something like that Wink

Bitcoin can't help an entire country. but it can surely help the person who use bitcoin if he's poor. and if a country have a lot of bitcoin users then it will surely be beneficial and for that country.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.

You are correct, dude. Btc can help and improve poor people, in Africa, Asian countries. They can make bitcoin by solving captcha, posting and do social campaign. Although the money is not a lot, it still can help to improve their life.

more precisely to help the poor people who really creative and able to evolve with the technology such as bitcoin. if they are less intelligent, it's useless, they will not get good results from bitcoin.

Because you live in a poor country you have to be less inteligent?  Shocked
It's all about opportunities.

well i kind of doubt it can help poor countries, but at least bitcoin can prevent the poverty rates, bitcoin has already help so many people in economic, but it cant make people rich, one of the way for bitcoin to help poor countries is by held a donation and the give to the poor countries

Isn't about get rich, it's only about a better life.

Bitcoin cannot directly help them. But someone good who is willing to use bitcoin to help is a good idea.
It has a lot of functionalities that can be useful to anyone, for anyone.
Too bad that it is more used in illegal activities.

Yeap, unfortunaly a lot of people use bitcoin to illegal activities, gamble or just faucets... Or think bitcoin is free money or scam... Or just speculation value.

We have to think big.

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

Bitcoin or any other altcoin cannot help any poor countries but these digital currencies can surely help poor people who uses bitcoin in the aspect of financial status. And every individual needs to work in bitcoin for as bitcoin helps every individual. 

TBH, I am poor and I am using bitcoin to help me in my daily expenses.  And it was really great that I came to know bitcoin and this community.

Yeap, is easy and good to receive in bitcoins, right?

Now, what's the next step? What can we create to interact with bitcoin to help our lives?

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September 01, 2016, 11:10:44 AM
 #38

Bitcoin can't help an entire country. but it can surely help the person who use bitcoin if he's poor. and if a country have a lot of bitcoin users then it will surely be beneficial and for that country.
bitcoin need some contribution. if you contribute with bitcoin and crypto currencies . they will reward you for sure. but if you think bitcoin should give you fortune without doing anything just because you are a poor person then keep dreaming.

Good example is me, I m not poor but I m son of a small shopkeeper so putting my money on bitcoin is risky still with courage I did and now I m earning good sum. One more thing , bitcoin could indirectly help a county's economy.
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September 01, 2016, 11:15:12 AM
 #39

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

I don`t think that bitcoin or altcoins can help poor countries in any way.

They are just cryptocurrencies.

Poor countries need specific economical policy amd more forin investors.

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September 01, 2016, 11:52:54 AM
 #40

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
What is your definition of poor? Technically advanced but economically poor ?Or Both ?
Considering a Nation to be technically poor,there is no doubt that bitcoin will turn out to be a fail experiment.If the nation is economically poor,bitcoin wouldn't help boost it's market revenue since not many people will afford buying it.Fact is,bitcoin isn't a magical carpet to a road to richness but an experimental currency to "transform" the traditional transactions.Bitcoin does not create a lot of job opportunities automatically but instead pays for the existing one in a new fashion. 
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