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Author Topic: Can Bitcoin help poor countries?  (Read 73776 times)
2legit2
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September 07, 2016, 07:06:13 PM
 #201

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin can help them but the question is how it would help them because is most poor countries the poor people do not have any access to the internet.
Because of the fact that Bitcoin operates via the internet makes this a big problem.

It's a very easy question. If indeed in the poor countries do not yet have internet then we must construct a base to introduce the internet to everyone about the bitcoin. After that we did a socialization towards bitcoin, it does things that are very simple. But it takes a lot of energy and also the funds to build it all
you are right, i think that we surely need to help them adopt to bitcoins, bitcoins can allow them to live a better quality life so we should definitely do that




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September 07, 2016, 07:25:33 PM
 #202

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

there are some poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin and then try to start trade with their lowest available money then they will be able to earn some good amount of money and will be able to spend life like rich people.
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September 07, 2016, 08:56:39 PM
 #203



Future Bitcoin Convention



To the moon! lol

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September 08, 2016, 03:23:52 AM
 #204

I don't think so, but bitcoin can help the people who use it on instrument of investments, are like trading bitcoin to fiat, trading altcoins, cloud mining or hardware mining. Although it is just a little help for some people and not all of people who live at poor countries.
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September 08, 2016, 12:53:08 PM
 #205

bitcoin can help poor countries in collecting donations. because all what you need is an address and everyone from all over the world can send a donation in a matter of second. it also works fine in remittance because of the low fees comparing with WU
fees are lower with Western Union, but still high in countries that are very poor. some cents seem low to you, but this might be a days work in some poor country.
thats true, but in my opinion bitcoin is still better and it is going to grow more in the near future though anything might happen

 
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September 08, 2016, 01:31:10 PM
 #206

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

there are some poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin and then try to start trade with their lowest available money then they will be able to earn some good amount of money and will be able to spend life like rich people.
if the area was called poor area,do their citizens could afford to buy a PC? does there also having an internet connection? if it's was really poor country i guess there's none and they can't afford to buy a PC so with what they're doing trading? with stone?

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September 08, 2016, 02:10:33 PM
 #207

bitcoin can help poor countries in collecting donations. because all what you need is an address and everyone from all over the world can send a donation in a matter of second. it also works fine in remittance because of the low fees comparing with WU
fees are lower with Western Union, but still high in countries that are very poor. some cents seem low to you, but this might be a days work in some poor country.
the fees might be lower then but i think that i would still be using bitcoins besides that as i really like it and i might make a lot of money with it

 
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September 08, 2016, 02:18:17 PM
 #208

Bitcoin can help the poor people on the poor countries. Like me, I earn a few bitcoins thru signature campaign, but if it is converted into fiat, it is already a lot here in our country. And that is just signature campaign earnings. If you add some trading income, then it will be enough to survive. If I only rely on fiat earnings, the pay will be too low.
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September 08, 2016, 02:20:36 PM
 #209

Let say like Zimbawe , the world most worthest currency !
If they able to produce bitcoin, even just 1 bitcoin ! they already consider as rich person. Bitcoin really impact for country like this type
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September 08, 2016, 02:23:10 PM
 #210

No neither Bitcoin, neither altcoins can help poor countries, because in poor countries people do not have computers and computer knowledge, and Internet connection is may be only in the capital city in some places.  Grin
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September 08, 2016, 02:32:58 PM
 #211



Future Bitcoin Convention



To the moon! lol
     
 
actualy blockchain can help people with smart contracts, for example, you buy a land and this will be always in the chain, no chance to change it...
You know, corrupt governments do whatever they want with the lands and others stuffs...
"to the moon"

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September 08, 2016, 02:51:14 PM
 #212

Hi. I travel a lot to many poor locations and this year specially I've been in many latin american and african countries. I'm able to say that most of the poorest countries are in chaotic situation because of the government abuses and Bitcoin (and even Ethereum) are saving lotta people who are faraway from bank --they use a merchant to intermediate the distances and some in Latam uses some key person with account to divide with others the transfers they do. It is a very unique situation. I wish many of you were there to see. This system is the key to salvation. I did little explanations but since it's not my course (I teach physics and work with power plants) I was not so efficient. But trust me, it will save lot of lifes.


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prabowo96 (OP)
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September 08, 2016, 03:05:30 PM
 #213

Hi. I travel a lot to many poor locations and this year specially I've been in many latin american and african countries. I'm able to say that most of the poorest countries are in chaotic situation because of the government abuses and Bitcoin (and even Ethereum) are saving lotta people who are faraway from bank --they use a merchant to intermediate the distances and some in Latam uses some key person with account to divide with others the transfers they do. It is a very unique situation. I wish many of you were there to see. This system is the key to salvation. I did little explanations but since it's not my course (I teach physics and work with power plants) I was not so efficient. But trust me, it will save lot of lifes.
   

It's really good to hear something like that...
What countries do you already travelled?
What's the bigger problem to make the bitcoin or other blockchain stuff start to work in this countries?
Thanks for the words, it's something like that I expected to hear!

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September 08, 2016, 03:30:42 PM
 #214

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.
Yeah I also do not think that Bitcoin can help entire countries but I am sure that it can help a couple of people.
Maybe in the future when Bitcoin has became a bigger company that it will be able to help countries.


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September 08, 2016, 03:38:23 PM
 #215

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.
Yeah I also do not think that Bitcoin can help entire countries but I am sure that it can help a couple of people.
Maybe in the future when Bitcoin has became a bigger company that it will be able to help countries.

Well bitcoin is just going to be a medium that the people are going to use to help themselves. And if they are just going to get serious with bitcoin for sure these people who are living in the poor countries is going to be able to go out of poverty. Because bitcoin is really the one that is going to help them with their financial problems.

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September 08, 2016, 04:09:15 PM
 #216

I think some altcoin like Ethereum can help. it's not a secret that banks make people slaves and corrupted government institutions help them.  this corrupted structures could be replaced with some kind of altcoin structures. This will grant transparency and kind of real democracy
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September 08, 2016, 04:46:10 PM
 #217

Well logically yes i can. It can improve the economical structure and the condition but only if most of the people around the country accepts it as a money

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September 08, 2016, 06:28:54 PM
 #218

In my opinion bitcoin can help poor people or people jobless, they can become freelancer on bitcoin or become full time on bitcoin. And they can get income from bitcoin. Although it will be hard because of there are many rival.
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September 08, 2016, 06:37:20 PM
 #219



Future Bitcoin Convention



To the moon! lol
     
 
actualy blockchain can help people with smart contracts, for example, you buy a land and this will be always in the chain, no chance to change it...
You know, corrupt governments do whatever they want with the lands and others stuffs...
"to the moon"

I'm thinking these people probably don't know what a smart phone or computer is since they probably don't know what running water is. I doubt smart contracts or buying land is anything they need to worry about. Their big worry is most likely who ate the family dog before thanksgiving.

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September 08, 2016, 11:08:26 PM
 #220



Future Bitcoin Convention



To the moon! lol
     
 
actualy blockchain can help people with smart contracts, for example, you buy a land and this will be always in the chain, no chance to change it...
You know, corrupt governments do whatever they want with the lands and others stuffs...
"to the moon"

I'm thinking these people probably don't know what a smart phone or computer is since they probably don't know what running water is. I doubt smart contracts or buying land is anything they need to worry about. Their big worry is most likely who ate the family dog before thanksgiving.

Yeah those people do not have any technology so they are unable to adopt icoin, if someone in donation help them to provide access to bitcoin and internet and let them know that how to earn with bitcoin then they will be very happy and will have a good amount of money for their life.
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