Can Bitcoin help poor countries?

[Mr. Legendaris]

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

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

But it is also a fact that even in poor countries where you can hardly find the basic facilities of life, like food, water, electric city security but still there the luxury and entertainment items are very cheap. So, they must have the facilities to use get benefit from bitcoin. They just need a proper knowledge of computer and internet.

But the problem  would be the access to this gadgets and internet.  If you are making rich people in a poor country richer, you are not helping the country to level up its status.  The reason why country is poor is the percentage of the poor people that have no means of meeting the basic or standard way of living.  This problem will only be solved if the government centralized its effort of implementing a project that give acces to the knowledge and equipment needed to facilitate or take advantage of bitcoin opportunity.

The best way to help poor countries is change the financial system, we know in the poor countries finance only have some peoples or organizations. Bitcoin will help poor countries if all peoples care.

[danherbias07]

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

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

But it is also a fact that even in poor countries where you can hardly find the basic facilities of life, like food, water, electric city security but still there the luxury and entertainment items are very cheap. So, they must have the facilities to use get benefit from bitcoin. They just need a proper knowledge of computer and internet.

But the problem  would be the access to this gadgets and internet.  If you are making rich people in a poor country richer, you are not helping the country to level up its status.  The reason why country is poor is the percentage of the poor people that have no means of meeting the basic or standard way of living.  This problem will only be solved if the government centralized its effort of implementing a project that give acces to the knowledge and equipment needed to facilitate or take advantage of bitcoin opportunity.

The best way to help poor countries is change the financial system, we know in the poor countries finance only have some peoples or organizations. Bitcoin will help poor countries if all peoples care.

Sure it is the best way but it is a long shot to achieve a country fully using bitcoin or anything that is something new. There is history there in those fiats and tradition cannot break that easy.

[Daniel91]

How to help poor countries?
It's really very complex matter and bitcoin surely can't be main solution.
I think that poor people first need help with food, water, shelter, education, electricity...basic needs.
Only when you fulfill their basic needs, you can educate them about Bitcoin and help them to start.
Main problem in poor countries is also luck of electricity and Internet and without this people can't use Bitcoin.

[Doamader]

Sure people must focus into their daily needs before bitcoin, but some people are able to join signatures and make some extra income, im not saying to build a farm and focus into those, as electricity conection may fail. People can go to a lan house in the begining pay for some time. Join this forum and in sometime join some signature to start earning low, as they collect some good ammount they can try to get a better account or change to better signature.

[Dr.Osh]

How to help poor countries?
It's really very complex matter and bitcoin surely can't be main solution.
I think that poor people first need help with food, water, shelter, education, electricity...basic needs.
Only when you fulfill their basic needs, you can educate them about Bitcoin and help them to start.
Main problem in poor countries is also luck of electricity and Internet and without this people can't use Bitcoin.

yeah you're right. it may be able to help a country, however, the people in these countries must understand the electronic device such as a computer and must have internet. it might be a problem if the country is very difficult to see the internet, because it would hamper the country tetrsebut to thrive by using bitcoin

[richardsNY]

How to help poor countries?
It's really very complex matter and bitcoin surely can't be main solution.
I think that poor people first need help with food, water, shelter, education, electricity...basic needs.
Only when you fulfill their basic needs, you can educate them about Bitcoin and help them to start.
Main problem in poor countries is also luck of electricity and Internet and without this people can't use Bitcoin.

yeah you're right. it may be able to help a country, however, the people in these countries must understand the electronic device such as a computer and must have internet. it might be a problem if the country is very difficult to see the internet, because it would hamper the country tetrsebut to thrive by using bitcoin

Without support from the government of a given country, it's impossible to make a significant reduction in the poverty that they are suffering from. It's not without a reason that governments there want to keep their country far from moving forwards and developing. It's in their own personal benefit as the money goes there where it shouldn't go. Bitcoin can only help certain individuals when given enough support and education. Otherwise the impact will be zero.

[mikehersh2]

Maybe as technology becomes more accessible, poorer countries will have easier access to bitcoins and more practical uses for it and ways to earn it

[Dudeperfect]

hello! Im in a third world country and bitcoin helps me a lot, just have to know the secret on trading and stuff, electricity is expensive here so mining may not be advisable, but since bitcoin has been sloping upward, i was able to make money and planning to buy solar panels to help me with mining, so, yes, i think bitcoin can help poor countries just have to be resourceful and if you have all the equipments you need

That’s really good news that people around the world is interested in bitcoin and crypto currency technology. Yes, I think you are on a right path with solar panels because it’s going to be more and more difficult day by day to earn profit from bitcoin mining. Make sure you are creating awareness about bitcoin in your friends and family and we have yet to reach that big milestone so let’s put our steps towards it.

Yes,  people are adopting bitcoin for their online business as the new generation is really interested in online business, hope that a time will come when majority of people will be using bitcoin even in our local shops for shopping.
This way poor countries economy may get stir up by having new payment system. Usually only triggering is more important, rest of work will be done by people automatically.

Agree with you but we need to push the things in order to bring maximum impact. There is not even a single merchant in my city who accepts bitcoin and the reason is no one has heard about bitcoin. We need more users in order to build a crypto economy and for that, we should build bitcoin / crypto technology awareness. Business follow whatever customer wish and we should focus on customers instead of business to use bitcoins.

[stadus]

Maybe as technology becomes more accessible, poorer countries will have easier access to bitcoins and more practical uses for it and ways to earn it

Not all of them as their government does not prioritize bitcoin due to the big problem of poverty, and maybe you are lucky in your country as internet is everywhere but in poor countries I can say that the infrastructures are not really that good yet, so that alone is already a big hindrance for development.

[Gifted]

Yes it can. Bitcoin is a good option for storing wealth where governments and/or banks are untrustworthy, restrictive, or unavailable. Here I mean untrustworthy in the most literal sense.It is worth pointing out here that remittances are a major source of cash-flow for families in developing countries who have relatives living in the US or other more developed nations. Bitcoin has a niche use here for very low-cost transfers, provided the recipient has a way to spend bitcoins or convert them to fiat.

[blackmachinegun]

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

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

But it is also a fact that even in poor countries where you can hardly find the basic facilities of life, like food, water, electric city security but still there the luxury and entertainment items are very cheap. So, they must have the facilities to use get benefit from bitcoin. They just need a proper knowledge of computer and internet.

But the problem  would be the access to this gadgets and internet.  If you are making rich people in a poor country richer, you are not helping the country to level up its status.  The reason why country is poor is the percentage of the poor people that have no means of meeting the basic or standard way of living.  This problem will only be solved if the government centralized its effort of implementing a project that give acces to the knowledge and equipment needed to facilitate or take advantage of bitcoin opportunity.

The best way to help poor countries is change the financial system, we know in the poor countries finance only have some peoples or organizations. Bitcoin will help poor countries if all peoples care.

I do not think the financial system we need to fix but the resources and jobs for residents who need to be improved and supplemented, by providing online work on bitcoin, maybe it could save their country

[1Referee]

Maybe as technology becomes more accessible, poorer countries will have easier access to bitcoins and more practical uses for it and ways to earn it

Not all of them as their government does not prioritize bitcoin due to the big problem of poverty, and maybe you are lucky in your country as internet is everywhere but in poor countries I can say that the infrastructures are not really that good yet, so that alone is already a big hindrance for development.

Governments there don't make people sit in poverty and with the lack of proper education without a reason. It's all part of their system where people must be kept in poverty. Poverty is an easy way of enslavement where the elite of that country is earning billions of dollars over the blood sweat and tears from the people there. They don't care about people there. Their only intention is to avoid people from having an option to choose from. If Bitcoin becomes too much of a problem there, they will simply come up with all kinds of ridiculous policies in an attempt to push back Bitcoin. It's a nasty systems where millions of people will never be able to escape from.

[hulla]

Bitcoin is not some kind of magic pill that can solve all the problems of the world but it can help individuals to protect their financial freedom.

When Satoshi Nakamoto created Bitcoin, the real intention was for Bitcoin to become this "magic pill". He hoped that Bitcoin will end the exploitation by the banking cartels. Still a long way to go, but if Bitcoin becomes popular, then it is going to be very bad for the banksters.

Even if bitcoin can help solve a lot of problems it cannot possibly solve all the problems and since bitcoin is such a new technology there is the possibility that new problems arise which are unexpected to everyone.

Bitcoin can only solve some monetary problems of people living in poor countries by providing them a chance to earn an extra income from internet if they can get to know it or if they have access to internet and computers, otherwise bitcoin can be of no use for them unless it becomes useful in physical world.

You're right Aamir and it seems like Omega weapon did not understand the situation cos in the real world money can not solve all problem and so is bitcoin. But, bitcoin will only give the poor countries something like a new link or means of earn money,collecting to the world etc.

[markyminer]

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

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

But it is also a fact that even in poor countries where you can hardly find the basic facilities of life, like food, water, electric city security but still there the luxury and entertainment items are very cheap. So, they must have the facilities to use get benefit from bitcoin. They just need a proper knowledge of computer and internet.

But the problem  would be the access to this gadgets and internet.  If you are making rich people in a poor country richer, you are not helping the country to level up its status.  The reason why country is poor is the percentage of the poor people that have no means of meeting the basic or standard way of living.  This problem will only be solved if the government centralized its effort of implementing a project that give acces to the knowledge and equipment needed to facilitate or take advantage of bitcoin opportunity.

The best way to help poor countries is change the financial system, we know in the poor countries finance only have some peoples or organizations. Bitcoin will help poor countries if all peoples care.

but to me the more important thing to turn all poor people rich may be more important that to change financial system is to educate them, they will become rich by themselves, as we can see that in most poorer countries the education system is very weeks the education ratio is about zero therefore they need proper education to change their destination.

[prabowo96]

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

i think poor country is low income communite so use bitcoin just not to transaction but income too.. to help their income
and goverment have to legal bitcoin

Yes that is going to be the use of bitcoin in poor countries. That's the main reason for them to become poor, because they don't have something for their living. But because of their poorness they need to identify first what are their needs so that they will be able to identify what's going to be the first move for their adoption of bitcoin.

But it is also a fact that even in poor countries where you can hardly find the basic facilities of life, like food, water, electric city security but still there the luxury and entertainment items are very cheap. So, they must have the facilities to use get benefit from bitcoin. They just need a proper knowledge of computer and internet.

But the problem  would be the access to this gadgets and internet.  If you are making rich people in a poor country richer, you are not helping the country to level up its status.  The reason why country is poor is the percentage of the poor people that have no means of meeting the basic or standard way of living.  This problem will only be solved if the government centralized its effort of implementing a project that give acces to the knowledge and equipment needed to facilitate or take advantage of bitcoin opportunity.

The best way to help poor countries is change the financial system, we know in the poor countries finance only have some peoples or organizations. Bitcoin will help poor countries if all peoples care.

but to me the more important thing to turn all poor people rich may be more important that to change financial system is to educate them, they will become rich by themselves, as we can see that in most poorer countries the education system is very weeks the education ratio is about zero therefore they need proper education to change their destination.

It's just a dream to make the world equal, for example you can pick all the money of the world and give $1000 to everyone

After a month or a year, one guy will have a million and other will have $1.

The real question isn't to make people rich, just give to everyone a better life. Most problem of the world comes from corrupted politics.

[FLoving]

Bitcoin is not some kind of magic pill that can solve all the problems of the world but it can help individuals to protect their financial freedom.

When Satoshi Nakamoto created Bitcoin, the real intention was for Bitcoin to become this "magic pill". He hoped that Bitcoin will end the exploitation by the banking cartels. Still a long way to go, but if Bitcoin becomes popular, then it is going to be very bad for the banksters.

Even if bitcoin can help solve a lot of problems it cannot possibly solve all the problems and since bitcoin is such a new technology there is the possibility that new problems arise which are unexpected to everyone.

Bitcoin can only solve some monetary problems of people living in poor countries by providing them a chance to earn an extra income from internet if they can get to know it or if they have access to internet and computers, otherwise bitcoin can be of no use for them unless it becomes useful in physical world.

You're right Aamir and it seems like Omega weapon did not understand the situation cos in the real world money can not solve all problem and so is bitcoin. But, bitcoin will only give the poor countries something like a new link or means of earn money,collecting to the world etc.

You may be right that not all the problems are solved by money but still I am seeing that a lot of problems are issues are due to the lack of money and that is why these poor countries are far back in the run of development and they do not have any facility to live their life with happiness. If bitcoin come to their lives then these people can earn international salaries in their own countries and can stand like other nations.

[fritzdark]

Bitcoin cannot help a poor country. I have the following reasons which I would like to site:

Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.
Low Security measures - totally insecure to them since they have very low knowledge
Low Fees for miners - This will hurt miners
Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.

yes. i agree with your top reason sir, the low internet access.. basically, how can a certain person engaged himself to bitcoin if he doesn't have the access to the internet due to not having an extra money to have an Internet connection. we all know that bitcoin needs an internet connection. it needa network, you cant generate bitcoin without having an internet.

[serjent05]

Bitcoin cannot help a poor country. I have the following reasons which I would like to site:

Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.

I think the problem there is only internet access.  This is the main problem of people adding to the availability of gadget or tools to use bitcoin.

Low Security measures - totally insecure to them since they have very low knowledge

Poor people does not mean not intelligent and not capable of learning.  It is the same as when you are starting to use bitcoin.  There is alot of room for them to learn bitcoin. Unless you are saying you are far superior than any human being.

Low Fees for miners - This will hurt miners

I wonder how you relate miners to the poor country.  Anyone who is using a light wallet automatically have default tx fee.  So i think this does not weigh much.

Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.

This is fallacy, since they are poor, they will do anything that is not illegal to get money, and bitcoin is one of it.  I am poor but i accept bitcoin as payment to my service and goods.  So my statement here proves you are wrong.

[Omega Weapon]

Bitcoin is not some kind of magic pill that can solve all the problems of the world but it can help individuals to protect their financial freedom.

When Satoshi Nakamoto created Bitcoin, the real intention was for Bitcoin to become this "magic pill". He hoped that Bitcoin will end the exploitation by the banking cartels. Still a long way to go, but if Bitcoin becomes popular, then it is going to be very bad for the banksters.

Even if bitcoin can help solve a lot of problems it cannot possibly solve all the problems and since bitcoin is such a new technology there is the possibility that new problems arise which are unexpected to everyone.

Bitcoin can only solve some monetary problems of people living in poor countries by providing them a chance to earn an extra income from internet if they can get to know it or if they have access to internet and computers, otherwise bitcoin can be of no use for them unless it becomes useful in physical world.

You're right Aamir and it seems like Omega weapon did not understand the situation cos in the real world money can not solve all problem and so is bitcoin. But, bitcoin will only give the poor countries something like a new link or means of earn money,collecting to the world etc.

But that is exactly what I said, check the very first of the post in this chain of comments and you will see that I said bitcoin cannot possibly solve all the problems.

[Nowl1935]

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

Bitcoin does not help the poor countries but Bitcoin are great helped to those people who are difficult to meet the basic needs of their  daily life. Just like me I live in a poor country and i grab the opportunity of having bitcoina in my life because i believe that it might be helpful to me and my love ones.