Bitcoin Forum
October 18, 2017, 08:06:56 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-01-17] Why Bitcoin Scares Society in Developing Countries  (Read 156 times)
Vladdirescu87
Sr. Member
****
Offline Offline

Activity: 336


View Profile
January 18, 2017, 06:27:24 PM
 #1

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/
1508314016
Hero Member
*
Offline Offline

Posts: 1508314016

View Profile Personal Message (Offline)

Ignore
1508314016
Reply with quote  #2

1508314016
Report to moderator
1508314016
Hero Member
*
Offline Offline

Posts: 1508314016

View Profile Personal Message (Offline)

Ignore
1508314016
Reply with quote  #2

1508314016
Report to moderator
1508314016
Hero Member
*
Offline Offline

Posts: 1508314016

View Profile Personal Message (Offline)

Ignore
1508314016
Reply with quote  #2

1508314016
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508314016
Hero Member
*
Offline Offline

Posts: 1508314016

View Profile Personal Message (Offline)

Ignore
1508314016
Reply with quote  #2

1508314016
Report to moderator
cr1776
Legendary
*
Offline Offline

Activity: 1680


View Profile
January 18, 2017, 06:36:52 PM
 #2

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.


Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!