Can Bitcoin help poor countries?

[Script3d]

yes i think because you can not steal someone bitcoin or money without a private key you can also see like the government address to check if they using the money right and not stealing it

[randy8777]

yes i think because you can not steal someone bitcoin or money without a private key you can also see like the government address to check if they using the money right and not stealing it

you don't have to seize someone's private key in order to steal people's coins. you connecting to an unknown wifi network is enough for someone to have access to your device, and send your coins to one of his addresses. and this is just one common reason of how people get robbed while they don't know it.

[ajun96]

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!

of course it is quite possible that a country can be saved through the economy, and if most of the country being rich of course it will help the country. if the population of the country using bitcoin it could save the country bitcoin

[bitcoinmasterlord]

no way it can increase economy of a poor country

Why do you think like that? It gives an opportunity to people to earn money from home and in turn, helps to countries growth. Bitcoins are better option to improve your financial by working at your free time and if poor countries if electricity is cheap then they can mine bitcoins and earn better.

[pocarime32]

Bitcoin can help poor countries by give a job to people who don't have job in real life at poor countries. So that jobless people will have a job with bitcoins and can earn money.

[canah17]

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

Hey? I would like to share my idea if you don't mind well to me it will help the poor by donating bitcoin from any donation sites to help the poor from their starvation or homeless you can send bitcoin then the government will save that money to help the poor me i would like to donate some of my bitcoin for the poor people i've been there with some help of my friends from other countries they donated some of their bitcoin when i was jobless then they introduce me to bitcoin then i started to be part of it. then i am alright now you can donate some bitcoin depends on you i would say that will give you some of good luck in you and help you get closer to goodness and God him self

[xdrpx]

no way it can increase economy of a poor country

It will, if the people who are jobless in poor countries are going to have job with bitcoin they just need to have proper knowledge in bitcoin. And for sure that is going to make them able to contribute to their country. For they are going to buy products of their country that contains tax, so in that way they are able to help their own country.

In poorer countries technology isn't as advanced and people have less reach to proper networking. Considering this how can poorer countries pay people in Bitcoins? Also, even now almost all poor countries still pay their users in fiat so that the poor aren't suffering to find places to spend their money. It's going to make it hard for the poor to spend their funds if they receive their wages or salaries in Bitcoins unless there's a huge market accepting Bitcoin payments.

[bitbunnny]

Maybe Bitcoin can't help poor countries but it might help poor people. To help the country it should be incorporated in official economy and that is not very likely. Although poor countries don't have such developed infrastructure and techology people can stil find the way to Bitcoin and use it. In fact we can see that many users come from countries like India, Pakistan, Africa and similar.

[audaciousbeing]

That will really be hard to decide in my own opinion because i actually want to really get how Bitcoin will really help them, is it by giving developmental projects or by ensuring hitch free election or maybe by curbing corruption or by ensuring speedy delivery of judgments, or maybe its the provision of jobs to the ever increasing population these and many other things are the help that poor countries actually need. However, I see Bitcoin liberating people to make extra income but on the individual level.

[Your Point Is Invalid]

no. I wonder why people always raise this question, people in poor countries generally do not have the technology, nor the education to use bitcoin

[olubams]

That will really be hard to decide in my own opinion because i actually want to really get how Bitcoin will really help them, is it by giving developmental projects or by ensuring hitch free election or maybe by curbing corruption or by ensuring speedy delivery of judgments, or maybe its the provision of jobs to the ever increasing population these and many other things are the help that poor countries actually need. However, I see Bitcoin liberating people to make extra income but on the individual level.

I agree with you on this, I want to believe the countries we both reside have some similarities because the factors listed in addition to the issue of kidnapping, vandalism, thuggery among others are those ravaging poor countries. However, like you position too, I see individuals like myself have seen bitcoin as a means of generating extra income in a passive way thereby supplementing it with my day job by so doing its actually helping me meet my basic needs despite the fact that I could said to be from a poor country...

[ekoice]

Yes Bitcoin has created a dramatical change in life of people belonging to poor companies.It gives equal opportunity to all for eaening.The only drawback is that poor country people mostly unfamiliar with bitcoins.

[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.

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.

At the end of the day, you will pay the same taxes and fees, you have to use a exchange to buy/sell the coin, it's only possible cut off this taxes if you can use only bitcoin for receive/send but there's few spots that accept the coin...

and well, you have to pay taxes to the government whatever if it's bitcoin or fiat...

[shinratensei_]

no. I wonder why people always raise this question, people in poor countries generally do not have the technology, nor the education to use bitcoin

You're right, but not at all in this day a lot of the people in the poor countries is raced for gaining a high education and knowledge but could this is not applied in the Africa in my mind.

[genos]

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.

At the end of the day, you will pay the same taxes and fees, you have to use a exchange to buy/sell the coin, it's only possible cut off this taxes if you can use only bitcoin for receive/send but there's few spots that accept the coin...

and well, you have to pay taxes to the government whatever if it's bitcoin or fiat...

I think bitcoin can help people in poor country by make them investing their money in bitcoin investments. We are know that investing in bitcoin is do not need capital and no taxes becouse bitcoin have anonimity. The goverment will not know who have bitcoin.

[mirakal]

no. I wonder why people always raise this question, people in poor countries generally do not have the technology, nor the education to use bitcoin

You're right, but not at all in this day a lot of the people in the poor countries is raced for gaining a high education and knowledge but could this is not applied in the Africa in my mind.

That's the fact in depressed areas and that is really the situation in some poor countries especially mentioned Africa. Because even we can say that bitcoin is easy to be learned. But their government is not able to support them in terms of education and technology so whether bitcoin is going to help them still they can't move because they don't have resources.

Because they know that when bitcoin will be popular and people will love it, it might affect big businesses that they are protecting for their personal interest. I guess we will not get any support from the government in the future, but despite of that we are still seeing that bitcoin is very progressive.

[madwica]

no. I wonder why people always raise this question, people in poor countries generally do not have the technology, nor the education to use bitcoin

You're right, but not at all in this day a lot of the people in the poor countries is raced for gaining a high education and knowledge but could this is not applied in the Africa in my mind.

That's the fact in depressed areas and that is really the situation in some poor countries especially mentioned Africa. Because even we can say that bitcoin is easy to be learned. But their government is not able to support them in terms of education and technology so whether bitcoin is going to help them still they can't move because they don't have resources.

Because they know that when bitcoin will be popular and people will love it, it might affect big businesses that they are protecting for their personal interest. I guess we will not get any support from the government in the future, but despite of that we are still seeing that bitcoin is very progressive.

Correct and agreed, the progress of bitcoin is continuous as we see, poor countries can help by bitcoin if bitcoin will distribute resources for those people who do not have gadgets to access bitcoin also internet connection is required.

[blackmachinegun]

yes i think because you can not steal someone bitcoin or money without a private key you can also see like the government address to check if they using the money right and not stealing it

I think this is not about stealing money? because if the country is poor economy certainly they are very low.
if bitcoin want to help the country make it at least to be able to move again might make many people rich

[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.

At the end of the day, you will pay the same taxes and fees, you have to use a exchange to buy/sell the coin, it's only possible cut off this taxes if you can use only bitcoin for receive/send but there's few spots that accept the coin...

and well, you have to pay taxes to the government whatever if it's bitcoin or fiat...

I think bitcoin can help people in poor country by make them investing their money in bitcoin investments. We are know that investing in bitcoin is do not need capital and no taxes becouse bitcoin have anonimity. The goverment will not know who have bitcoin.

you just told people that it is ok to not pay taxes because the government will not find out. are you for real?
first of all they can find out. especially if you have no idea what you are doing. second do you want bitcoin to be associated with criminal activity?

[lexuz]

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.

yeah that's a trouble has face by the people who live at poor countries no infrastructure at their will make them can't earn bitcoin.