[2017-01-17] Why Bitcoin Scares Society in Developing Countries

[Vladdirescu87]

In 2009 bitcoin hit the electronic currency world by surprise and later captured the attention of the masses and information technology companies. Coinidol.com investigates why most people are still too scared to use bitcoin as their main currency for day-to-day business.

In Africa, Asia and South and Central America, there is widespread poverty brought about by underdevelopment and low levels of education. Bitcoin is a currency of the elite, those who can read and write and those who are connected to the internet which is lacking in most regions in these continents.

You can read the full article here: https://coinidol.com/why-bitcoin-scares-society/

[cr1776]

In 2009 bitcoin hit the electronic currency world by surprise and later captured the attention of the masses and information technology companies. Coinidol.com investigates why most people are still too scared to use bitcoin as their main currency for day-to-day business.

In Africa, Asia and South and Central America, there is widespread poverty brought about by underdevelopment and low levels of education. Bitcoin is a currency of the elite, those who can read and write and those who are connected to the internet which is lacking in most regions in these continents.

You can read the full article here: https://coinidol.com/why-bitcoin-scares-society/

I think I'd add to one portion:
In Africa, Asia, and South and Central America there is widespread poverty brought about by a lack of the rule of law, socialism, communism, authoritarianism, and totalitarianism not to mention a group of wealth-hungry and power hungry people who are willing to destroy their countries to enrich and empower themselves via corruption, outright theft, inflation and policies only designed to retain power.  All the while demagoguing the populace to blame someone else for the failures of centralized, state planned policies that stifle freedom and liberty.  See Venezuela, Brazil, North Korea, Nigeria, Cuba and many others for examples of each.