Can Bitcoin help poor countries?

[Holly-Dolly]

I can not understand how Bitcoin can help the poorest countries. This offer to chip in money, or there is a real opportunity for technology or production deployment.

[Orion25]

It can help like example0 it cant help to most african countries but it can help to most poorest Europe countries in East Side so bitcoin will make heaven there

For poor countries need to raise the level of knowledge and skills of existing workers in various fields. This means that they can provide for themselves all, if they can do it wisely.

[SidaroffVany]

First, it would not hurt to tackle corruption in the power of those countries that need help. This is very scary, and the main problem of all countries, which slowed down the development.

[leonair]

You're right. For example America is rich but they still got homeless people, give them food and they will eat for a meal, teach them how to get food and they will eat for a lifetime. Even you agree or disagree Bitcoin do help poor countries, not all individual in that countries, if you all want to take this 'Can bitcoin help poor countries' in a very literal way so be it, just saying.

America isn't rich at all. Especially when you consider the insanely high number of their debt that is increasing with an astonishing pace.

People in America, to a certain extend also many other countries, are living from money that they don't actually have as they let their credit cards "speak" for them.

It's creating debt on top of debt, and that on top of even more debt. If you look at that, then it's no surprise that so many people there depend on coupons for food, benefits, and the list goes on.

Unlike the US government that is able to keep putting itself into more debt, where it basically can continue for ever, the normal people don't have that ability.

For them it ends up in a bad situation where they barely have any money for food, where some even end up homeless because they lost their job, etc etc etc...

Bitcoin can only help poor countries if the governments are open and supportive towards Bitcoin. And that's not the case.

If America is not a rich country at all then tell me a country that is a best example for my explanation, you know countries who has in debt. Our issue here is if do bitcoin help poor countries, and for me, it is yes, People that only sees negative to the world will live longer I guess

Everything in this world has it's own advantage and disadvantage, it's up to you where will you want to be or focus on. "Can Bitcoin help poor countries?", Yes, No, whatever it is, It's our opinion, no right or wrong.

[farl2web]

You're right. For example America is rich but they still got homeless people, give them food and they will eat for a meal, teach them how to get food and they will eat for a lifetime. Even you agree or disagree Bitcoin do help poor countries, not all individual in that countries, if you all want to take this 'Can bitcoin help poor countries' in a very literal way so be it, just saying.

America isn't rich at all. Especially when you consider the insanely high number of their debt that is increasing with an astonishing pace.

People in America, to a certain extend also many other countries, are living from money that they don't actually have as they let their credit cards "speak" for them.

It's creating debt on top of debt, and that on top of even more debt. If you look at that, then it's no surprise that so many people there depend on coupons for food, benefits, and the list goes on.

Unlike the US government that is able to keep putting itself into more debt, where it basically can continue for ever, the normal people don't have that ability.

For them it ends up in a bad situation where they barely have any money for food, where some even end up homeless because they lost their job, etc etc etc...

Bitcoin can only help poor countries if the governments are open and supportive towards Bitcoin. And that's not the case.

If America is not a rich country at all then tell me a country that is a best example for my explanation, you know countries who has in debt. Our issue here is if do bitcoin help poor countries, and for me, it is yes, People that only sees negative to the world will live longer I guess

Everything in this world has it's own advantage and disadvantage, it's up to you where will you want to be or focus on. "Can Bitcoin help poor countries?", Yes, No, whatever it is, It's our opinion, no right or wrong.

If this judge, it turns out that poor people are to blame that they are poor. Though part of the way it is. Let elected into power those who will put an end to their poor life and not those who rob the latter. That did not help, and ashamed.

[millgates]

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

I am not sure becouse to use bitcoin we need internet connection and electricity. Some poor country like Etiopia need to build the infrastucture first before they can use bitcoin.

[MONKEYJUNK]

Only people can change the world doing actions...

The problem here is that bitcoin don't have any plan to this, we can take Bitland for example, they can register your land property however it have to pass by the government, so if the government is corrupt, it's useless and it's the same with any other way to help countries to grow.

[sabbirshm]

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

Bitcoin.can't develop a whole country but it can help the person who use bitcoin,who invest on bitcoin.by that poor country's people can make their life better and stable.And also government can take some steps to aware people the advantages of bitcoin so that people can make some earn to live nicely and thus a country can be changed.

[Harlot]

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

Bitcoin.can't develop a whole country but it can help the person who use bitcoin,who invest on bitcoin.by that poor country's people can make their life better and stable.And also government can take some steps to aware people the advantages of bitcoin so that people can make some earn to live nicely and thus a country can be changed.

I don't think that what Bitcoin you earn online is enough to make  an improvement to any person to its standard of living. Maybe it can improve your life if you earn .15 BTC per week anything below that can't really help you in your daily life. Also if you are looking Bitcoin as a side income it is perfect as it only take few minutes if you know where to look.

[STT]

There are some countries that have very limited access to bank transfers or paypal. Western Union and Bitcoin are the only viable options for a lot of third world countries.

In a country where access to bank transfer is limited, how are you going to convert your coins to fiat? Do you expect Bitcoin exchanges to function in a country where banks don't exist?

Barclays withdrew from Somalia I think is one I remember, the reason being it was problematic ensuring the money transferred was not aiding illegal activity as serious as global terrorism. This causes problems for expatriates sending money home to support families.    I dont think the Fiat exchange is the sticking point exactly, with enough demand at least one trader would take bitcoin in exchange for food.   That trader can then use the bitcoin elsewhere, I dont doubt it promotes a hefty premium but so long as food is a large enough expense to bitcoin users then its useful without an absolute need to convert into fiat
Problem really is if the country lacks infrastructure or lacks population density to make bitcoin feasible, having to travel too far to find a trader would make the bitcoin not usable for its value except on trust which is not that likely.   Maybe with friends or credit type balances to clear it could work this slowly to transfer value.  Its not really the fault of bitcoin, it is digital only and requires good communication for its best use.   Dollar is just a piece of cotton potentially till a bank confirms its value still exists

[The_prodigy]

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

Nope if people have willingness to choose bitcoin for there own selves then they can help them selve by doing some small job in bitcoin and then if they have enough bitcoin to trade then trading is good income or time passes when don't have job bitcoin cna help people but not country it self.

[stadus]

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

Nope if people have willingness to choose bitcoin for there own selves then they can help them selve by doing some small job in bitcoin and then if they have enough bitcoin to trade then trading is good income or time passes when don't have job bitcoin cna help people but not country it self.

How can you make this poor people to work in the bitcoin world? I know they are interested because they want to make extra money or to make their primary income here but how can you let them work when they do not possess the skills that a certain employer or a certain job would require.

The saying is always true, many are willing but few are chosen, therefore it cannot help the entire countries of the poor.

[prabowo96]

There are some countries that have very limited access to bank transfers or paypal. Western Union and Bitcoin are the only viable options for a lot of third world countries.

In a country where access to bank transfer is limited, how are you going to convert your coins to fiat? Do you expect Bitcoin exchanges to function in a country where banks don't exist?

IF you can buy food, pay some bills, spend with your daily things, you don't need to convert the bitcoin to fiat...

Imagine a city moved by bitcoin... And well you can open an exchange that convert directly, you send bitcoin and receive it directly(cash).

We don't need banks.

[markyminer]

There are some countries that have very limited access to bank transfers or paypal. Western Union and Bitcoin are the only viable options for a lot of third world countries.

In a country where access to bank transfer is limited, how are you going to convert your coins to fiat? Do you expect Bitcoin exchanges to function in a country where banks don't exist?

but i do not thing that there will be a single country where banks will not exist, to me in such poor countries where the facility of internet are available then these countries can get benefit from bitcoin,

[diegz]

There are some countries that have very limited access to bank transfers or paypal. Western Union and Bitcoin are the only viable options for a lot of third world countries.

In a country where access to bank transfer is limited, how are you going to convert your coins to fiat? Do you expect Bitcoin exchanges to function in a country where banks don't exist?

but i do not thing that there will be a single country where banks will not exist, to me in such poor countries where the facility of internet are available then these countries can get benefit from bitcoin,

Still, it's practical for them to use the banks or remittance services to transfer their money. Banks exist in almost all part of the world, as long as there are communities who needs their service, for sure a bank will put a branch there, or if not the community itself could make their own cooperative and start a small bank soon. But anyway, as long as people know how to use computer and internet, they will benefit from bitcoin if they want.

[MTBTT]

There are some countries that have very limited access to bank transfers or paypal. Western Union and Bitcoin are the only viable options for a lot of third world countries.

In a country where access to bank transfer is limited, how are you going to convert your coins to fiat? Do you expect Bitcoin exchanges to function in a country where banks don't exist?

Lol I think it is precisely in all countries of the easiest is to use a bank to transfer money from one city to another. I think bitcoin will help a country if every citizen of the country is to use bitcoin

[hasiramasenju]

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

Bitcoin.can't develop a whole country but it can help the person who use bitcoin,who invest on bitcoin.by that poor country's people can make their life better and stable.And also government can take some steps to aware people the advantages of bitcoin so that people can make some earn to live nicely and thus a country can be changed.

yes it is true that only bitcoin users could be helped by bitcoin and there is not possible bitcoin could help people who didn't use bitcoin but bitcoin will be difficult to develop on third countries because usually people who came from there had lack of interest for bitcoin and i say this because i do live on third country and on my neighborhood very rarely to find bitcoin users such as me and there are only several people using bitcoin including me

[jerowacik]

There are some countries that have very limited access to bank transfers or paypal. Western Union and Bitcoin are the only viable options for a lot of third world countries.

In a country where access to bank transfer is limited, how are you going to convert your coins to fiat? Do you expect Bitcoin exchanges to function in a country where banks don't exist?

Lol I think it is precisely in all countries of the easiest is to use a bank to transfer money from one city to another. I think bitcoin will help a country if every citizen of the country is to use bitcoin

Bank is a conventional tool which is currently widely used. but in the future, bitcoin will be the main payment instruments. I believe the strength of bitcoin will be make bitcoin in the majority in the world trade market.

[milky way]

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

Bitcoin.can't develop a whole country but it can help the person who use bitcoin,who invest on bitcoin.by that poor country's people can make their life better and stable.And also government can take some steps to aware people the advantages of bitcoin so that people can make some earn to live nicely and thus a country can be changed.

yes it is true that only bitcoin users could be helped by bitcoin and there is not possible bitcoin could help people who didn't use bitcoin but bitcoin will be difficult to develop on third countries because usually people who came from there had lack of interest for bitcoin and i say this because i do live on third country and on my neighborhood very rarely to find bitcoin users such as me and there are only several people using bitcoin including me

In third world countries like in any country there are different social classes, those that are the poorest could benefit from bitcoin but they are the ones most difficult to reach mostly by economical and sociological factors.

[rajasumi2]

I dont think bitcoins will solve all the problems .well it will be able to get rid of the corrupt system .and poor people will be able to live happily .but bitcoins will not solve all the problems randomly as it is not a magic .kudoos