Can Bitcoin help poor countries?

[The Sceptical Chymist]

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.

As much as I detest sig spammers, that's one thing I like about the campaigns, the fact that pay is equal and poor folks can earn a little bit.  Unfortunately I think a lot of the earnings go straight to the dice sites.

I think people need to start using birth control and stop having kids they can't feed.  That's a problem that bitcoin will never solve.  Every time I see starving children in Africa, I want to strangle the parents.  Condoms have been around since the beginning of dicks and if they're not available,  you can improvise.

Also, bitcointalk is the only site I've ever seen sig campaigns on.  I don't expect that particular gravy train to be in operation forever, especially when it gets abused.

[entrepmind23]

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

I think bitcoin can help poor countries in a way that it has lesser transaction fee than sending money in a money exchange or bank. Many people in poor countries do not have bank account because they don't any valid identification cards that is required in opening one so having bitcoin will be an alternative for them to store their hard earned money. It would be like they will have their own bank and there's no documents required to have a bitcoin wallet so it would be easier for them.

[Sergiorr101]

it can but i doubt that a lot of poor people would be using it as they dont have mobile phones usually

[BTCLovingDude]

Well, when 1st world countries send donations to poor countries, most or should I rather say, a high percentage of that money goes towards fees to transmit that money. So in the end, MoneyGram or WU or one of these services, makes a ton of profit. If this was send with Bitcoin, the fees will be much lower and these poor people can get a higher percentage of this money. It can also be tracked on the Blockchain, to see if it is going to the correct cause. 

very good point.
but sadly i don't see that many charities or humanitarian organizations accepting bitcoin.
actually i was checking out the bitcoin wiki pages the part about donation accepting organizations and i only saw a tiny charity group on the list with none of the bigger charity organizations there!

[znickelbackz]

I'm from a poor country and Bitcoin helps me, does that count? Other alt coins help me too, and my family.
Bitcoin is money and money is almighty.

[yayayo]

First of all, Bitcoin was not developed with any specific intention to help poor countries. I would say that Bitcoin has the potential to help poorer people, but only if they take their fate into their own hands. I'm not a supportive of charity organizations, since these only cement the status quo, by keeping the beneficiaries of donations in a passive position, waiting for external help.

Bitcoin makes international payments a lot easier. Therefore it opens world's markets up for small businesses. Direct trade between producers and customers is possible without costly intermediaries and bureaucracy. That's a huge opportunity for people in poorer countries, who are now able to market their goods (esp. handicraft) to a much bigger audience and at better prices than at their local markets only.

At the same time, Bitcoin can also make international remittances less costly and more frictionless - especially if direct BTC transactions are made with no fiat conversions involved.

ya.ya.yo!

[prabowo96]

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. 

Education, technology, financial... well, everything...
I'm thinking in a way to link bitcoin to deliver technology to this countries because technology can bring education...
Don't know how...

If it is a poor country, let's assume they have no decent internet connection speed or no connection at all.
And we all know that bitcoin is internet-based. Now, even if we are thousands of donors here and we can make hundreds of thousands of bitcoins, how can we deliver it to them? The coins don't fly by themselves. We still need people who are actual volunteers. Just saying.

Can bitcoin/digital currency deliver a better internet connection/technology to this countries? How?

I think so, with the earnings that you can get from Bitcoin, a poor person can really climb his way up using Bitcoins. From a third-world country kid into someone that has achieved his goals. There are tons of excellent tutorials on Youtube, all a person would be needing is an Internet connection and a computer. His investments would be his time, effort, and his drive to really become the person he wants to be. To be serious, I can have a greater income than my professor if I would pursue my Bitcoin journey. Apparently, I have no time for that.

Once a huge scale of people are doing Bitcoin in poor countries, then those huge scale of people would have a source of income. They can get out of poverty by doing Bitcoins.

However faucets isn't a job and don't will save no one...
Maybe online tutorials? If you watch 100% of the video and aswers the questions, you win satoshis? It can help the education in any way?

This monetary system is failed, richer getting more rich, and others are like slaves for them.

The truth hurts.

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.

As much as I detest sig spammers, that's one thing I like about the campaigns, the fact that pay is equal and poor folks can earn a little bit.  Unfortunately I think a lot of the earnings go straight to the dice sites.

I think people need to start using birth control and stop having kids they can't feed.  That's a problem that bitcoin will never solve.  Every time I see starving children in Africa, I want to strangle the parents.  Condoms have been around since the beginning of dicks and if they're not available,  you can improvise.

Also, bitcointalk is the only site I've ever seen sig campaigns on.  I don't expect that particular gravy train to be in operation forever, especially when it gets abused.

I think is about education, that's what they need, not just condoms.

Well, when 1st world countries send donations to poor countries, most or should I rather say, a high percentage of that money goes towards fees to transmit that money. So in the end, MoneyGram or WU or one of these services, makes a ton of profit. If this was send with Bitcoin, the fees will be much lower and these poor people can get a higher percentage of this money. It can also be tracked on the Blockchain, to see if it is going to the correct cause. 

very good point.
but sadly i don't see that many charities or humanitarian organizations accepting bitcoin.
actually i was checking out the bitcoin wiki pages the part about donation accepting organizations and i only saw a tiny charity group on the list with none of the bigger charity organizations there!

Well, let's talk to this organizations to accept bitcoin. It will have no taxes and will be easily tracked.

[lanhotkia]

it is like can be currency so every people in the world can donate some amount of their money for who need ? 

[prabowo96]

it is like can be currency so every people in the world can donate some amount of their money for who need ? 

I think donations can lost part of the money in the way, you know.
I'm thinking in something more deep.

[xIIImaL]

it is like can be currency so every people in the world can donate some amount of their money for who need ? 

I think donations can lost part of the money in the way, you know.
I'm thinking in something more deep.

Donations will work for refugees or poor peopel for sure. But these how people access the Internet and using bitcoin for their life because if need to donate them also there is must need of wallet and Internet. Instead of that their government accepts bitcoin as their national currency may be in future. They will be able to bring them up.

[swogerino]

I would like to think that is what it was created for. For access to anybody who would like to use it and anyone can be at any wealth level they wish to be.

[electronicash]

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

Maybe it can if someone from a particular poor country as for donations thru bitcoin the community can help so long as its transparent enough that it would go for good.  Let's say Sudan needs funds for their children, the community maybe able to help if we all can just send even just a dollar each.

[QuestionAuthority]

The real question is, Can poor countries help Bitcoin? I don't want people using Bitcoin that only earn $2 a month unless there's a couple of billion of them using it.

Besides, don't they have shit like M-Pesa to send their penny's to each other?

[hajimasan]

i think bitcoin can never help  to the poor country while it can help to the poor people pf the world . because a man will use his mind to earn money with particular stretgy while the people pf whole country will not do the same , many of them will try to gamble and will loss their money .

[MingLee]

The real question is, Can poor countries help Bitcoin? I don't want people using Bitcoin that only earn $2 a month unless there's a couple of billion of them using it.

Besides, don't they have shit like M-Pesa to send their penny's to each other?

To be completely honest it probably isn't that likely that there would be much value generated for Bitcoin, even if there were a ton of people from poor countries using it, because simply put there either wouldn't be enough drive for them, unless they were able to suddenly make more than $2/month and they understood what they're doing, and they get active within the economy. Having them just own Bitcoin and them doing nothing with it doesn't really help anyone.

[drwtsn32]

If it is a poor country, let's assume they have no decent internet connection speed or no connection at all.
And we all know that bitcoin is internet-based. Now, even if we are thousands of donors here and we can make hundreds of thousands of bitcoins, how can we deliver it to them? The coins don't fly by themselves. We still need people who are actual volunteers. Just saying.

Can bitcoin/digital currency deliver a better internet connection/technology to this countries? How?

Of course we can. We can help build satellites but that would cost millions of dollars.
Our donation would not be enough just to build those facilities.

[Recoon]

if countries approve btc then something will be happen. Many countries goverments are against to use btc!!!

[QuestionAuthority]

The real question is, Can poor countries help Bitcoin? I don't want people using Bitcoin that only earn $2 a month unless there's a couple of billion of them using it.

Besides, don't they have shit like M-Pesa to send their penny's to each other?

To be completely honest it probably isn't that likely that there would be much value generated for Bitcoin, even if there were a ton of people from poor countries using it, because simply put there either wouldn't be enough drive for them, unless they were able to suddenly make more than $2/month and they understood what they're doing, and they get active within the economy. Having them just own Bitcoin and them doing nothing with it doesn't really help anyone.

Yeah, that's what I'm thinking. Don't get me wrong, I don't mind helping the unbanked and all that bla bla. I just don't think there's a reason to go out of our way to target them.

[limaphii]

This is how CoExistCoin can

https://steemit.com/charity/@coexist/lets-coexist-on-steemit

[royalfestus]

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

I like the fact that the exchange rate is universal. Politics in poor country can't affect the currency. Importantly, for any trade into countries with low value currency you make a good sum of money back.