Can Bitcoin help poor countries?

[wahb]

yes bitcoin can really help poor people, but if they have the facilities of computer and internet, then bitcoin can really helpful for them to get some good money.

[dotajhay]

Bitcoin can't help poor country but it can help poor people by donation of the bitcoin users who wants to help and can help to reduce corruption from the government but it can't help the economy of the country maybe the people in the country will get help but not the whole country.

There is always what we call the "chain effect" in that... If people at poor countries got employed and earn bitcoin for themselves ( if they have knowledge about it ) then they are not the liability of their government anymore...

Now, if those poor people use their bitcoin (convert it to fiat) to buy their food and anything, then definitely they are paying tax at that poor country, when those poor people use services at that poor country, definitely they are paying tax...

If half the number of those poor unemployed people earn and pay tax, then definitely there is a great effect in their economy.. There's a lot of big explanation to that, it would take us a day... 

I agree to your explanation but i really mean is the government will not approve here if they will make the bitcoin is the currency in the stores that need to pay tax because bitcoin has no tax in paying and the corrupt government official will not help people about earning in bitcoins like television media i will never see the media reported about bitcoins in television.

[mirakal]

Bitcoin can't help poor country but it can help poor people by donation of the bitcoin users who wants to help and can help to reduce corruption from the government but it can't help the economy of the country maybe the people in the country will get help but not the whole country.

There is always what we call the "chain effect" in that... If people at poor countries got employed and earn bitcoin for themselves ( if they have knowledge about it ) then they are not the liability of their government anymore...

Now, if those poor people use their bitcoin (convert it to fiat) to buy their food and anything, then definitely they are paying tax at that poor country, when those poor people use services at that poor country, definitely they are paying tax...

If half the number of those poor unemployed people earn and pay tax, then definitely there is a great effect in their economy.. There's a lot of big explanation to that, it would take us a day... 

I agree to your explanation but i really mean is the government will not approve here if they will make the bitcoin is the currency in the stores that need to pay tax because bitcoin has no tax in paying and the corrupt government official will not help people about earning in bitcoins like television media i will never see the media reported about bitcoins in television.

The feature of bitcoin does not feet the system of our government therefore it's hard to consolidate bitcoin in a business in the physical world. And since the topic is to help the poor, I do not think most of the poor people will ever care to use technology when their main concern is food.

[Hilat]

I dont think that they can help poor countrys because how are the people in that country suposed to buy the bitcoins and if they cant buy bitcoins how will the bitcoin
help them in a further way i dont think this is true !

[Gliassa]

Ï dont think that the peoople in the poor country can be helped by the bitcoin because i know for sure that alllot of people in that poor countrys cantget a bitcoin
because they are to poor and that is the reason he cant help them.

[Maxsumi]

Poor countrys cant be helped by the bitcoin and that is only because lot of peopel are not getting much from the bitcoin and that is just because they are not able to buy bitcoins so how is he able to help them in that poor country.

[Lesterexon]

Bitcoins cant help them because they are not even able to buy food or clothes how are they able to deal with the bitcoin and that is not even the biggest problem how
do you think that the bitcoin is going to save that peopel?

[Maxsumi]

Poor countries need a very optimistic government towards new tech so that they can embrace bitcoin like tecnology and support mining bitcoin to generate free foreign currency which they can use to increase their USD holdings to become stronger economically. But most of the poor countries are poor due to corrupt political system and political unsatability and they don't have enough time to consider and learn about bitcoin.

Poor countrys does need an optimistic goverment to award new tech and that is not going to happen because poor countrys are not poor only the people who live over
there are poor the bosses let i say that way are making much money.

[1Referee]

Not only the internet connection is their problem if those poor people can not afford to buy gadgets to access bitcoin i think bitcoin can not help them and mostly of the poor people are prefer to buy foods than gadgets.

People living in third world countries are a different category as their one and only priority is food. If you see in what kind of conditions they are living, what things they own, then it's obvious that they will not have some sort of smartphone where they can do their thing on. On top of that there is also an internet connection needed. All with all, nearly impossible.

That's however not the case for people living in second world countries. These people mostly have a smartphone, or they can at least visit an internet cafe when needed. Individually, these people can make some extra dollars with Bitcoin, but that would be it. It won't be anything significant to a level where you can say it's helping them big time. Bitcoin can't do miracles.

[Jessica136]

I think Bitcoin cant help individually but can help to grow economics of a country. if more and more people will use bitcoin for obvious it will change the economy of a country. 

When I was searching about use of Bitcoin related topic, I found this from quora. Please have a look on the below link:

https://www.quora.com/How-can-Bitcoin-help-the-developing-world.

I think some how you will get some answer.

[The_Turing_Trust]

OP, we're a small UK based charity that repairs and reuses IT equipment which is then used in schools in Africa. We started accepting bitcoin donations in March this year and also accept Litecoin. If you are interested in our work you can find our donations page here:

http://turingtrust.co.uk/donate-3/

[iqlimasyadiqa]

Poor countrys cant be helped by the bitcoin and that is only because lot of peopel are not getting much from the bitcoin and that is just because they are not able to buy bitcoins so how is he able to help them in that poor country.

you thought wrong. poor countries with very low employment can be helped by bitcoin. they can use bitcoin as a medium of payment services online jobs. it is a point of excellence bitcoin.

[cjmoles]

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

Bitcoin opens up the market place to regions which are otherwise excluded due to their lack of stable banking infrastructures.  It provides a cheap access point for those with limited assets.  And it provides a means for those with non-centralized identification processes to establish a working transactional reputation without the interference of strenuous bureaucratic regulations.

[prabowo96]

Bitcoin can't help poor country but it can help poor people by donation of the bitcoin users who wants to help and can help to reduce corruption from the government but it can't help the economy of the country maybe the people in the country will get help but not the whole country.

There is always what we call the "chain effect" in that... If people at poor countries got employed and earn bitcoin for themselves ( if they have knowledge about it ) then they are not the liability of their government anymore...

Now, if those poor people use their bitcoin (convert it to fiat) to buy their food and anything, then definitely they are paying tax at that poor country, when those poor people use services at that poor country, definitely they are paying tax...

If half the number of those poor unemployed people earn and pay tax, then definitely there is a great effect in their economy.. There's a lot of big explanation to that, it would take us a day... 

I agree to your explanation but i really mean is the government will not approve here if they will make the bitcoin is the currency in the stores that need to pay tax because bitcoin has no tax in paying and the corrupt government official will not help people about earning in bitcoins like television media i will never see the media reported about bitcoins in television.

Well guys, you know the truth... Always have a way to help the poor countries, the problem is the rich people that don't give a fuck...
Maybe blockchain can find a way to give more power to the people, I saw a project called Bitland, is something about register your land on blockchain, so none(corrupt governments, etc) can steal it from you...

The problem in the world is the power of the government.

[abel1337]

I think bitcoin will not help a country to improve. But Poor peoples maybe can. I am a normal living person in my country but bitcoin helps me alot. The problem is just ibternet connection it is limited in our country. And poor peoples here are not having their internet connection because its limited and they dont have the idea of bitcoin

[Mr. Big]

I think bitcoin will not help a country to improve. But Poor peoples maybe can. I am a normal living person in my country but bitcoin helps me alot. The problem is just ibternet connection it is limited in our country. And poor peoples here are not having their internet connection because its limited and they dont have the idea of bitcoin

This is a normal situation in places strucked by poverty... Poor internet connection, Higher cost of education and lesser opportunity after graduate... But anyway, poor people need basic knowledge about computer, that is the "key", so they could use bitcoin, and if they are willing to earn start working for it... So, they should take advantage of free vocational courses and free trainings about computer offered at those countries, that's the only way they could be helped by bitcoin... 

[genos]

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

Bitcoin opens up the market place to regions which are otherwise excluded due to their lack of stable banking infrastructures.  It provides a cheap access point for those with limited assets.  And it provides a means for those with non-centralized identification processes to establish a working transactional reputation without the interference of strenuous bureaucratic regulations.

Bitcoin can be second resources for them, if the people of poor country can get extra income, they will not have difficulty to fulfil their daily need. What they only need is internet connection and hard ware to earning bitcoin. litle by litle the economy condition of the country will going to be better. And I agree with you that they can free working from strenuous bureaucratic regulation.

[stadus]

I think bitcoin will not help a country to improve. But Poor peoples maybe can. I am a normal living person in my country but bitcoin helps me alot. The problem is just ibternet connection it is limited in our country. And poor peoples here are not having their internet connection because its limited and they dont have the idea of bitcoin

Ohh! so that is really true that there are countries which does not have a good internet connection and bitcoin primarily need internet to operate it, in that situation your country will not be help by bitcoin. However, in the future there's a big possibility that internet connection will improve since we are living in a technology world, so you will be help in the future then.

[cjmoles]

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

Bitcoin opens up the market place to regions which are otherwise excluded due to their lack of stable banking infrastructures.  It provides a cheap access point for those with limited assets.  And it provides a means for those with non-centralized identification processes to establish a working transactional reputation without the interference of strenuous bureaucratic regulations.

Bitcoin can be second resources for them, if the people of poor country can get extra income, they will not have difficulty to fulfil their daily need. What they only need is internet connection and hard ware to earning bitcoin. litle by litle the economy condition of the country will going to be better. And I agree with you that they can free working from strenuous bureaucratic regulation.

Also, many regions around the world are confined to local markets due to the lack of an established banking infrastructure that could open up the economy on a macro scale for them.  Bitcoin can connect those regions of the world economically in such a way that their goods and services could be marketed to a larger consumer base without having to rely upon third party capitalists to get their goods to market.

[danherbias07]

I think bitcoin will not help a country to improve. But Poor peoples maybe can. I am a normal living person in my country but bitcoin helps me alot. The problem is just ibternet connection it is limited in our country. And poor peoples here are not having their internet connection because its limited and they dont have the idea of bitcoin

This is a normal situation in places strucked by poverty... Poor internet connection, Higher cost of education and lesser opportunity after graduate... But anyway, poor people need basic knowledge about computer, that is the "key", so they could use bitcoin, and if they are willing to earn start working for it... So, they should take advantage of free vocational courses and free trainings about computer offered at those countries, that's the only way they could be helped by bitcoin... 

That is the problem why it cant just help any poor countries. It needs some knowledge about it. It will the willingness of people if they will want to get into it. I doubt they will.