Can Bitcoin help poor countries?

[uname]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects

[manyuta]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects

That's hit the bull's eye. Because really bitcoin allow for the development of a black market in general and contributes to the development of state institutions. It will only make things worse. Here I agree.

[BitHodler]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects

Corruption within the governments will make sure that they keep Bitcoin out of their system.

You know why? Because with Bitcoin the people are in charge of everything where they can cut out a third party without any problems. Bitcoin gives people financial freedom.

Second, people are already avoiding paying tax by keeping a good portion of their wealth into Bitcoin as store of value.

And you know why people do that? It's because people are sick and tired of the over-active interference from the government in their private and financial life.

People can't do anything (if done legally) without having to worry about whether or not the government will take a certain portion of their extra income (in form of tax) alongside their normal salary.

Bitcoin is the perfect safe haven tool for people looking to escape the banking and governmental system. And this is exactly what makes governments worried.

[Yakamoto]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects

That's hit the bull's eye. Because really bitcoin allow for the development of a black market in general and contributes to the development of state institutions. It will only make things worse. Here I agree.

Bitcoin has never been helpful when it comes to government control, regardless of how you think about it. Bitcoin is meant to free people from the control governments put on them, and not the other way around. Tax evasion and everything else is simply too easy when it comes down to it.

Black markets will always exist, with or without Bitcoin.

[Samadur]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects

That's hit the bull's eye. Because really bitcoin allow for the development of a black market in general and contributes to the development of state institutions. It will only make things worse. Here I agree.

Bitcoin has never been helpful when it comes to government control, regardless of how you think about it. Bitcoin is meant to free people from the control governments put on them, and not the other way around. Tax evasion and everything else is simply too easy when it comes down to it.

Black markets will always exist, with or without Bitcoin.

Bitcoin never improve the social standards of the population. Any country. The fact that most of the damage to countries that can not provide its citizens brings leadership itself. As always, officials are working with the purpose of personal gain and for the sake of power. But people remain in the shadows.

[Yuuto]

Well, yes. Bitcoin opens up a globalised payment protocol that doesn't deal with each country's native currency and could potentially mean higher wages for those in poorer countries. You are not discriminated against in the bitcoin marketplace because nobody knows really who you are. As long as you can provide the services needed, you will get the same amount as the next person will.

[jeraldskie11]

Literally bitcoin won't help our country because bitcoin is a crypto currency, you can't use it to buy clothes, foods, appliances and etc. But if that bitcoin is already converted into real money you can buy things on your country so that you could help country or economy in your country because you will buy your daily life needs such as clothes and foods so you can paid taxes like VAT. So I think bitcoin is helping our country.

[prabowo96]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects

Here we can see that the problem isn't the government but just people.

Everyone wants to take advantage and earn money, that's the problem with the world.

[MTBTT]

Literally bitcoin won't help our country because bitcoin is a crypto currency, you can't use it to buy clothes, foods, appliances and etc. But if that bitcoin is already converted into real money you can buy things on your country so that you could help country or economy in your country because you will buy your daily life needs such as clothes and foods so you can paid taxes like VAT. So I think bitcoin is helping our country.

bitcoin help not only on the currency, but bitcoin can grow the economy by providing jobs for all the people and it is not limited, so everybody in the country could work in bitcoin and provide a better life

[Wintersoldier]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

Bitcoin does not help poor country. Because in bitcoin, rich investors are becoming richer while poor investors are getting fooled.

[stadus]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

Bitcoin does not help poor country. Because in bitcoin, rich investors are becoming richer while poor investors are getting fooled.

So you are saying that I got fooled and majority of the poor here? - I think you'll have to be careful with it brother because you do not know how progressive my life with bitcoin. I did not become poorer but slowly climbing up to the average life..

And you know what is the next level? I will be rich for sure. Trust in bitcoin is what I only have.

[requester]

Yes there are some poor countries where we can see unemployment on extreme level. And sure guys simply waste time with mobiles and chatting do instead they could use bitcoin. If people of those  areas 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 as i am living now. And i am a middle class boy.

[BrewMaster]

Yes there are some poor countries where we can see unemployment on extreme level. And sure guys simply waste time with mobiles and chatting do instead they could use bitcoin. If people of those  areas 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 as i am living now. And i am a middle class boy.

trading is also a job which is not easy to do. so some random guy from a poor country with no education and and no experience can not decide to start trading one day and make a living because the only thing that he is going to make is making his life miserable by losing money.

[mirakal]

Yes there are some poor countries where we can see unemployment on extreme level. And sure guys simply waste time with mobiles and chatting do instead they could use bitcoin. If people of those  areas 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 as i am living now. And i am a middle class boy.

trading is also a job which is not easy to do. so some random guy from a poor country with no education and and no experience can not decide to start trading one day and make a living because the only thing that he is going to make is making his life miserable by losing money.

I really thought traders are more smarter than those who are working in the corporate world. Are you really sure with your statement? Because if you would ask me, those workers although wearing great suits still not satisfied with what they are earning as there's no freedom unless you can use your own time for you.

[Victorycoin]

Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution

CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.

if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects

Your take about bitcoin enhancing corruption is unfounded. On the contrary adoption of bitcoin stands to enforce probity and accountability as that is the foundation it was built upon in the first place. As a matter of fact, the block chain technology is being looked into by many quraters because it holds or points the direction to far too many ills affecting the human society.

[LuanX3]

It can. Similar to fiat currency, Bitcoin can be used to help developing countries. Bitcoin can buy things similar to money. If developing countries use Bitcoin for transactions and lessen the transaction fees and other charges necessary to trade then they will save a lot of money. However, the drawback here is that developing countries don't have internet or electricity everywhere. Also, the rate of people having the necessary devices, i.e., phones or computers, is lower in these countries which would impair the frequency of using bitcoin in those countries.

[ekoice]

Yes, it would help people of poor countries a lot.People get very low wages in poor countries.If they start earning in bitcoins, it would become a big amount when converted in their local currencies.Mostly corrupt politicians and big corporates snatch earning opportunities from the poor. But in bitcoin, they can snatch nothing from the poor.Fair enough opportunities for poor to earn in Bitcoins.It would increase their standard of living to a great extent.

[krishna1]

bitcoin is more like a sack of complexity to one who do not understand it but if poor contries do understand it and can implement some inoviate ideas depending their situations then yes it will be very helpfull for them and it can make them some self dependent life

[BitHodler]

Yes, it would help people of poor countries a lot.People get very low wages in poor countries.If they start earning in bitcoins, it would become a big amount when converted in their local currencies.Mostly corrupt politicians and big corporates snatch earning opportunities from the poor. But in bitcoin, they can snatch nothing from the poor.Fair enough opportunities for poor to earn in Bitcoins.It would increase their standard of living to a great extent.

"They can earn Bitcoins so it will help poor countries" It's something I have seen being posted many times in this thread.

With earning Bitcoins most people refer to earning Bitcoins through signature campaigns, but what if they don't exist anymore at some point? How will these people then earn money?

Instead of mentioning signature campaigns, people should mention that skilled poor people can easily offer their services through the internet with Bitcoin as preferred currency.

And the poor people that don't have skills, or an internet connection, and very broken English, Bitcoin can't do anything for them.

Another thing, it are certain individuals that might experience the usefulness of Bitcoin, and not entire counties. That's impossible.

[marleybobthedog]

Obviously there are many poor countries where we can see unemployment on extreme level so in those areas if these people try to adopt bitcoin then definitely they could make a handsome profit our of internet. and if they try to start trade with their lowest available money then also  they will be able to earn some good amount of money and will be able to spend life like rich peopl, take an example of myself. Just kidding well i earn $25 in a month through bitcoin.