Can Bitcoin help poor countries?

[jonpande]

Bitcoin can help poor countries? I think Bitcoin could help poor countries but may be membuhtukan time, because in poor countries have not been many who have a computer and internet, but if the government supports the poverty will be reduced.

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[Woodie]

Bitcoin cAn definitely help read an acticle some time back on how a good samaritan sent about 20 btc anonymously to africa to help build a water bore hole 

[mirakal]

Bitcoin cAn definitely help read an acticle some time back on how a good samaritan sent about 20 btc anonymously to africa to help build a water bore hole 

That's just in rare event, we are talking here for the general way on how bitcoin can help the poor countries. And for your information, we are talking here of countries not just Africa which is only one country. There are many poor countries in the world.

[Mastsetad]

Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 

By Campaign do you mean "Signature Campaigns" ? Because I can't call sig campaigns as a kind of job. Yes they are ways to earn online  but that is not a kind of job. A job requires training and specialization before you work. Any people that are members here in Bitcointalk can wear a signature campaign  provided that they follow the rules. Also what you earn in a campaign is not enough to call it earning for a living.

Earnings from signature campaign might not be enough for me and your for a living but they are probably enough for someone from a poor country because in those countries you can even make a living with just $50 a month and that is not a big thing at all these days.

[Boss CJ]

Yes. It can help our country. Even not all, atleast it can grow the economy by the use of btc. Btc can help many individuals and it is a big help for one country.

[1Referee]

Bitcoin can help poor countries

Nope. Bitcoin can only help certain individuals, and not whole countries.

I know many friends from poor countries making a living from earning Bitcoin online

Can you at least tell us what your "many" friends do to earn money? Are they by any chance participating in signature campaigns?

that job can do by following campaign.

Signature campaigns are a great thing, but the spamming got so worse, that some staff members are even considering to completey remove signature campaigns if the level of spam doesn't decrease significantly. Let's assume that happens, how will your "many" friends then earn their money through Bitcoin?

[MTBTT]

Bitcoin can help poor countries, because it helps actually their people to get some income online easily. I know many friends from poor countries making a living from earning Bitcoin online ,and it's can increase a new job for poor country ,that job can do by following campaign.
 

yeah true, I think one helps one to get out of poverty is to provide jobs and income to them, they would get out of poverty, as the poorest countries you need welfare of its people

[AxlYo]

It really depends on how poor the country is, maybe majority of the population couldn't afford internet or no internet at all but Bitcoin for sure would help individuals not sure about the country yet.

[Meycell]

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

bitcoin can help country , if most of the people in country use bitcoin
bitcoin will add their income can meet their needs
and bitcoin can reducing unemployment

[requester]

Yes obviously bitcoin could lift economy of one country because bitcoin allows user to earn money for free from internet and by mining. so if we calculate expenditure vs income graph then we will find that mining bitcoin is actually profitable.

[bitcoinboy12]

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

Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.

The potential of BITCOINS to help countries particularly in countries that export manpower is through remittance.
There are millions of Overseas workers in the Philippines.. and they send US dollars to their families.
They are charged accordingly by remittance centers.
BITCOIN would help millions of families have a much lesser cost of remittances if BITCOIN or any other cryptos are well-established in countries like Philippines.

[krishna1]

yes bitcoin is a profitable and yet good think to learn i from my personal experiance says that bitcoin is just a way to start exploring the business world. when you understand bitcoin then all you have to do is explore the other places where bitcoin can be implement like getting the btc price in your site and lot more

[crairezx20]

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

Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.

The potential of BITCOINS to help countries particularly in countries that export manpower is through remittance.
There are millions of Overseas workers in the Philippines.. and they send US dollars to their families.
They are charged accordingly by remittance centers.
BITCOIN would help millions of families have a much lesser cost of remittances if BITCOIN or any other cryptos are well-established in countries like Philippines.

Yeah this is one of the good idea so if we want to send money from other countries or receive bitcoin is a good choice to send or receive for less cost. and you can also use online wallet for send without a fee like coinbase and xapo..
For more safety bitcoin core or electrum with proper fee..

[prabowo96]

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

Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.

The potential of BITCOINS to help countries particularly in countries that export manpower is through remittance.
There are millions of Overseas workers in the Philippines.. and they send US dollars to their families.
They are charged accordingly by remittance centers.
BITCOIN would help millions of families have a much lesser cost of remittances if BITCOIN or any other cryptos are well-established in countries like Philippines.

That's a good way, besides the low fees the transaction is almost instantly and if you do it by a normal way, well it can take days to reach the other account. Also we can see what's going on Venezuela, latin america have a good potential.

[hasiramasenju]

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

bitcoin can help country , if most of the people in country use bitcoin
bitcoin will add their income can meet their needs
and bitcoin can reducing unemployment

exactly because first of all people from those country should be have high interest for bitcoin and this is necessary to do so but i'm highly doubt people who live in poor country could able to have internet connections because the main thing for using bitcoin is internet connection even i was heard at poor countries most people could not have fully access for electric power so this is could be serious problem and how could bitcoin help poor countries if there is no electric power or no internet connection i guess this is hard to realized

[SONG GEET]

Bitcoin cAn definitely help read an acticle some time back on how a good samaritan sent about 20 btc anonymously to africa to help build a water bore hole 

Do you have any source link regarding this? If not hard to believe someone anonymously donating 20 btc.
Citizen from poor countries can benefit from bitcoin as a way of storing their wealth in bitcoin and don't get effected on several economic crisis their countries goes through every year.

[Hettinger]

For some part it can help the bitcoin countries but for the most it will not help them at all to be honest because its something that can really boost up a economy, the economy of such countries is just so bad that it cannot be fixed by the bitcoin alone.

[BitHodler]

Yes obviously bitcoin could lift economy of one country because bitcoin allows user to earn money for free from internet and by mining. so if we calculate expenditure vs income graph then we will find that mining bitcoin is actually profitable.

Are you seriously saying that people in poor countries can earn money by mining Bitcoin?

These people have barely enough financial resources to feed themselves properly, so how do you expect them to get involved into Bitcoin mining?

The mining industry nowadays requires you to invest thousands of dollars into equipment where you continuously keep adding extra gear in order to not fall behind due to the constantly increasing difficulty.

From where do you think poor people will get the money to invest into the mining industry? It won't miraculously fall into their hands out of nothing.

[Wolf_Pack]

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

bitcoin can help country , if most of the people in country use bitcoin
bitcoin will add their income can meet their needs
and bitcoin can reducing unemployment

exactly because first of all people from those country should be have high interest for bitcoin and this is necessary to do so but i'm highly doubt people who live in poor country could able to have internet connections because the main thing for using bitcoin is internet connection even i was heard at poor countries most people could not have fully access for electric power so this is could be serious problem and how could bitcoin help poor countries if there is no electric power or no internet connection i guess this is hard to realized

Not entire country might be facing the problem of electricity only interior parts and small villages will be facing that issue but bigger cities will have all the facilities but the main point is that who is going to make them aware about bitcoins and they won't start using it on their own unless someone shows them the path to earn it.

[batang_bitcoin]

For some part it can help the bitcoin countries but for the most it will not help them at all to be honest because its something that can really boost up a economy, the economy of such countries is just so bad that it cannot be fixed by the bitcoin alone.

But how can it boost the economy of those poor countries if they can't even have help themselves from having its resources to be upgraded. Even though it is really true that bitcoin can help the poor countries. But they must find out first what are the basic things that must be focused before bitcoin is going to get into the action.