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Author Topic: Can Bitcoin help poor countries?  (Read 73772 times)
malikusama
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October 04, 2016, 04:32:04 PM
 #521

It depends upon the knowledge and interest of people towards IT and bitcoin. If that country have maximum users of bitcoin and they have better knowledge about it then it will help them to earn handsome money form it. Economy of a country will rise when more people will earn their livings easily.
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October 04, 2016, 04:44:47 PM
 #522

It depends upon the knowledge and interest of people towards IT and bitcoin. If that country have maximum users of bitcoin and they have better knowledge about it then it will help them to earn handsome money form it. Economy of a country will rise when more people will earn their livings easily.
To make use of bitcoin for a better life, why they need interest on IT. Bitcoin is as simple as using mobile phone.

The only requirement must be a smart phone with data connection. In my opinion too, bitcoin will help poorer countries people to have some part time works to make their life comfortable by earning bitcoin and also by holding bitcoin as saving.
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October 04, 2016, 04:56:56 PM
 #523

Get Rich? Help the poor! Or do not help - after all, you yourself just got and is not obliged to share with others. This ideological dilemma arises not only to individuals but also to entire nations and which, based on the values ​​of a particular society. But bitcoin not so much to be a popular method of assistance.
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October 05, 2016, 02:41:17 PM
 #524

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
I do not think that Bitcoin can help entire countries because that is just to much people and to much ground to cover which means spending allot of money.
Bitcoin can help some districts that maybe need it the most but not entire countries.
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October 06, 2016, 01:56:02 AM
 #525

Can help people to gain , but the whole country imo No.
dearbesz1219
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October 06, 2016, 02:24:48 AM
 #526

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.

Indeed, Aside from that, the only thing we can say about bitcoin can help the poor the country is the major things that we really can do is we must establish first the community in the bitcoin world. we must change their mindset when it comes to bitcoin thought.
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October 06, 2016, 02:30:53 AM
 #527

no i do not thing that bitcoin can help poor countries because the poor countries have no facilities available to them, they cannot even trade bitcoin because they even cannot afford internet and cannot having good amount of money to buy bitcoin ,.
I think the country agrees that the poor have a lot of problems. not only financially but mentally, politics and so forth, but it is at least bitcoin might help the private economy of mass

In this statement of yours, you really have a big point on this matter dude! moreover, most of the people are uneducated and illiterate in many things.
But in bitcoin I think there is some other way that they can help them. Just, they must have a strong dedication or determination to know something if they have a big dream.
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October 06, 2016, 02:42:45 AM
 #528

no i do not thing that bitcoin can help poor countries because the poor countries have no facilities available to them, they cannot even trade bitcoin because they even cannot afford internet and cannot having good amount of money to buy bitcoin ,.
I think the country agrees that the poor have a lot of problems. not only financially but mentally, politics and so forth, but it is at least bitcoin might help the private economy of mass

In this statement of yours, you really have a big point on this matter dude! moreover, most of the people are uneducated and illiterate in many things.
But in bitcoin I think there is some other way that they can help them. Just, they must have a strong dedication or determination to know something if they have a big dream.

You also need to be educated a little to be in the course of using bitcoin. Sure it can help but someone will manage it. Are we sure that the person who will do the managing act will be trustworthy to fulfill the said necessity.
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October 06, 2016, 05:11:22 AM
 #529

I dont think so but it can help poor people that can have atleast an extra income but not the country itself. You only need is a phone and a data. You dont need to invest coz you can earn btc without investing.
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October 06, 2016, 05:32:40 AM
 #530

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.

Indeed, Aside from that, the only thing we can say about bitcoin can help the poor the country is the major things that we really can do is we must establish first the community in the bitcoin world. we must change their mindset when it comes to bitcoin thought.

That isn't easy. How can we change their mindset about bitcoin thoughts if in the first place accesibility of bitcoin is really hard in their places. If accessing in bitcoin is easy to them then that isn't a problem and we can educate it well.

Anyways please refrain from posting another one if you are the last poster. Include it in one reply instead.

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Supercrypt
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October 06, 2016, 07:07:10 AM
 #531

I dont think so but it can help poor people that can have atleast an extra income but not the country itself. You only need is a phone and a data. You dont need to invest coz you can earn btc without investing.
When a citizen gets his life improved by using bitcoin, a country will definitely get benefits of it. One simple reason must be due to per capita improvement.

Bitcoin has all the potential to offer many different way of earning opportunities that too without any initial investments. Bitcoin could help poor countries in many practical ways, lets wait those to happen like bitcoin bringing revolution to this world.
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October 06, 2016, 07:11:45 AM
 #532

Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

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October 06, 2016, 07:26:51 AM
 #533

Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

These people already struggle to feed their family on a daily basis, so how do you expect them to invest money that they barely have in Bitcoin? Feeding the family is on the first place at all times.
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October 06, 2016, 07:37:46 AM
 #534

Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

These people already struggle to feed their family on a daily basis, so how do you expect them to invest money that they barely have in Bitcoin? Feeding the family is on the first place at all times.

Correct, they would   prioritize  first  on  feeding their family rather  than   putting  up  money  into bitcoin. They would  definitely  spend  those  money  first on their priority   and dont mind  to   put up  money to bitcoin  just  hoping for getting  money on the future. It would  make  no sense at all.

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October 06, 2016, 07:48:26 AM
 #535

Most of the poor countries do not have people connected to internet so I don't see how bitcoin will help those people. But if they are connected to the web and are educated about bitcoin, then we expect bitcoin to contribute to their growth as people can earn bitcoin by doing various tasks online.
They can also buy bitcoins as keep it as an investment for future to benefit from the price appreciation.

These people already struggle to feed their family on a daily basis, so how do you expect them to invest money that they barely have in Bitcoin? Feeding the family is on the first place at all times.

Correct, they would   prioritize  first  on  feeding their family rather  than   putting  up  money  into bitcoin. They would  definitely  spend  those  money  first on their priority   and dont mind  to   put up  money to bitcoin  just  hoping for getting  money on the future. It would  make  no sense at all.
In a country that has a big rate for poverty, they might know bitcoin but they will not interest on that and if they will not be interested they will not adopt and it would not help them, of course you need to be educated enough to understand what is bitcoin so it has only its limit where only good for online transaction and people who often do online transaction.

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October 06, 2016, 07:51:22 AM
 #536

I think that in countries like Zimbabwe where the currency is extremely weak, Bitcoin could definitely turn into their national currency. I am pretty sure that they use the US dollar in Zimbabwe and I think they deserve their own currency.
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October 06, 2016, 08:07:48 AM
 #537

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

There are three main ways, I think bitcoin and the blockchain can help poor countries.

1. Governments can use bitcoin's blockchain as a public ledger to openly display receivables and expendables. This could help cut down on corruption and fraud.
2. Bitcoin is already revolutionizing the remittance markets, making it cheaper and quicker for foreigners to send money back to their country. These are huge sums of money and the consequent savings will have a great impact on countries in Sub-saharan Africa and the Philippines especially.
3. Bitcoin allows for cross-border lending meaning that small business owners in Kenya and other under-banked regions of the world can get access to working capital. They grow as a result and hire new staff -  which benefits their local communities.
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October 06, 2016, 08:31:36 AM
 #538

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
According To Me Bitcoin Can Solve Problems Of Poor Countries Because In Poor Countries Making Money is Hard And If The People Of Poor Countries Starts Using Bitcoin or Other Altcoins Then the People Can Start Making Money....
But Its Only Possible If the People Of Poor Countries Have Some Knowledge Of Bitcoin Or Someone Give Them The Knowledge...
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October 06, 2016, 08:39:17 AM
 #539

I think that in countries like Zimbabwe where the currency is extremely weak, Bitcoin could definitely turn into their national currency. I am pretty sure that they use the US dollar in Zimbabwe and I think they deserve their own currency.

Or even if they don't want to use it as their own currency but they can atleast increase the amount of money they have, though a poor country is economically poor but i think every country would have internet connections and computers as well which are the only things needed for getting into the world of bitcoin and learning how to use it or earn it.
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October 06, 2016, 08:39:19 AM
 #540

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
According To Me Bitcoin Can Solve Problems Of Poor Countries Because In Poor Countries Making Money is Hard And If The People Of Poor Countries Starts Using Bitcoin or Other Altcoins Then the People Can Start Making Money....
But Its Only Possible If the People Of Poor Countries Have Some Knowledge Of Bitcoin Or Someone Give Them The Knowledge...
and that is something they could also do without bitcoin. learn something you can make money over the internet and freelance. even without knowledge there are better ways to earn money as signature campaign etc.

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