how can bitcoin help the community?

[Slark]

Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.

I have no idea why people think that Bitcoin is some kind of new magical solution which will bring about the end to all poverty in the world, and all of a sudden will make poor people rich.
How exactly Bitcoin can make 3rd world countries a better place when people there don't even have means to use, buy, spend bitcoin there?
Buying any form of electronic cash is not is not a priority for these people, and even if they were gifted with BTC it is not the way to fix their issues anyway.
Inequalities need to be eliminated at the source of the problem, giving people money without changing the basic principles of their world is useless.

[1715270999]

1715270999

[1715270999]

1715270999

[1715270999]

1715270999

[Gozie51]

Well , the angle I'm looking at it is simply btc building few nice wealthy people in the community & the few people inturn uses there money to support, help the community, send people on scholarship, roads & other support one can think of.

[KingdomHearts]

Bitcoin has become a great way to make money for many people. This is a new system that can give people a lot. Crypto currency will change the world and make our life easier. I'm glad I got into the bitcoin community at the beginning of its development

There is a high rate of unemployment in my country and it’s leading to poverty. Not much people in my country knows about Bitcoin, and I believe if they get to know Bitcoin, there will be at least about 20% reduction on the number of unemployment, and poverty will also reduce.

[zekeshawn]

I belong in the third world country and I believe that those who are involve in bitcoin here are having a better life than before so I think bitcoin is helping us here in so many ways. First is we became financially stable and we can also use bitcoin as a payment online that gives us convenient.

[South Park]

Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.

I have no idea why people think that Bitcoin is some kind of new magical solution which will bring about the end to all poverty in the world, and all of a sudden will make poor people rich.
How exactly Bitcoin can make 3rd world countries a better place when people there don't even have means to use, buy, spend bitcoin there?
Buying any form of electronic cash is not is not a priority for these people, and even if they were gifted with BTC it is not the way to fix their issues anyway.
Inequalities need to be eliminated at the source of the problem, giving people money without changing the basic principles of their world is useless.

This is a mistake that many people make, and this is true not only for bitcoin but for any form of money, it does not matter how much money you give to poor people, they do not know how to keep earning the amount you are giving them, you need to educate them and teach them how can they do it themselves.

[Tungsten-1]

I belong in the third world country and I believe that those who are involve in bitcoin here are having a better life than before so I think bitcoin is helping us here in so many ways. First is we became financially stable and we can also use bitcoin as a payment online that gives us convenient.

That’s nice if bitcoins are helping you that much. If you guys keep working with bitcoins, they will help u a lot in improving the economy of your country. Bitcoins will improve the financial statues of the people eventually leading to the stability of the country economically.

[PhucS]

Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.

Bitcoin is a promising currency, this is true, but it depends not only on the value of Bitcoin. The potential of Bitcoin is quite large, the modern features of the blockchain technology have made the transaction much simpler and more convenient, which will also be applied in the future, bringing the signal Economically fruitful. The liquidity of Bitcoin is also a good feature. Bitcoin also helps the community, especially the unemployed, to help them with unstable income but it is also very useful.

[Choyor]

I think bitcoin really helps the economy in all sectors. including what it calls the third country. bitcoin has a transfer system from the user to another user. but such features must also be supported with basic electrical and internet infrastructure as well as media to enter into it like a computer also smarphone. that way people will be easy to take part in the bitcoin business and get the purse of crypto money. that means bitcoin greatly contributes in helping the economy of society.

[Barbarian]

Bitcoin will help many residents improve their financial situation and save them from having to make big purchases in cash. This is the currency of the future which will make the world much more convenient.

Bitcoin can also help people by allowing them to offer their products and services for bitcoin to the world without having to open a bank account, for many people in the third world it is impossible to open an account in a bank but they can create a bitcoin wallet at no cost.

[sofi@]

Bitcoin opens opportunity for income and investment to many people it helps them to become financially stable, those people who failed to find a good job or not satisfy with their income, bitcoin give them hope and with that the kind of living of many people become more satisfying.

[jekjekman]

Yes this is so true about opening an account to any other banks for applying credit/debit cards that will cost a penny compare in opening a bitcoin wallet, and there is a fix amount in withdrawing credit cards plus the hidden charges monthly that is not so fine with me.

I hope bitcoin will fix the big transaction fees so more people will tend to invest their money in crypto currencies more than to credit cards. If transaction fees will become low again there is no doubt that the value of bitcoin will rise again more.

[fuer44]

actually if some people already know about bitcoin, it is very easy. but still not many people know about bitcoin. therefore, socialization is necessary. if the community already know the bitcoin and have the tools (laptop or pc), we invite them to mining bitcoin for profit. that way we can help community through bitcoin to supplement their income.

[mackenzied]

Bitcoin does need the electricity and the Internet but you are wrong on your third point bitcoin does not need the financial system, bitcoin is a new parallel financial system, we do not know if it is going to replace the current financial system but I’m sure it does not need it.

That's right, bitcoin itself is a separate financial system; not only that, it's a purely financial system; all transactions are publicly displayed; very high security.

[TagaMungkahi]

The question should be How can bitcoin users help the community and the third world country, bitcoin's high value is useless until such time that it will be used for useful work like donating little amount to foundation that could possibly help third world countries and poor family. This is really not about the bitcoin's amount but the heart of bitcoin users who are open on helping to ease poverty.

[Dart18]

It can be really helpful wih countries that have a large population.
Instead of going to the establishment to pay bills or even send money they could simply createa service that will be paid with bitcoin.
It is actually an easy way to do. But because of the bitcoin.price fluctuation they are afraid it will be a large risk to be taken.

[danherbias07]

Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.

It is an online world so bitcoin could be the core of convenience for transactions.
There will always be payments that is needed to be done and we could make it all quicker if only we will pay thru online payment.
If only people will see that then it there could be a vote or a recommendation to the government to create such service where we could pay thru bitcoin.

[rivoke]

It can be really helpful wih countries that have a large population.
Instead of going to the establishment to pay bills or even send money they could simply createa service that will be paid with bitcoin.
It is actually an easy way to do. But because of the bitcoin.price fluctuation they are afraid it will be a large risk to be taken.

It's depend on country's economy fundamental especially third world as far as I know , bitcoin has massive amount of value since bitcoin mostly convert into dollar
If they able to find the way to mine bitcoin, it will really helfull to fix their wealth / economic

[jamids]

Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.

In the third world country, salary is low that's why some people from those countries prefer to work in a first world country because even if they have the same job, the rate in first world would multiply compared to the salary in their home country and due to the opportunity provided by crypto, maybe some would even consider going home and earn in their country through bitcoin. Bitcoin is also a big help for the unemployed ones because they are earning while looking for a job or some would even consider to just continue earning bitcoin because they treat it as job also.

[South Park]

Bitcoin does need the electricity and the Internet but you are wrong on your third point bitcoin does not need the financial system, bitcoin is a new parallel financial system, we do not know if it is going to replace the current financial system but I’m sure it does not need it.

That's right, bitcoin itself is a separate financial system; not only that, it's a purely financial system; all transactions are publicly displayed; very high security.

True some people do not really understand the reach of bitcoin, bitcoin is not only a currency, it is a lot more than that, with bitcoin you could live without using the financial system and their fiat, at the moment that is very hard to do but it is possible, and that is powerful.

[Casabrandy]

Bitcoin does need the electricity and the Internet but you are wrong on your third point bitcoin does not need the financial system, bitcoin is a new parallel financial system, we do not know if it is going to replace the current financial system but I’m sure it does not need it.

That's right, bitcoin itself is a separate financial system; not only that, it's a purely financial system; all transactions are publicly displayed; very high security.

True some people do not really understand the reach of bitcoin, bitcoin is not only a currency, it is a lot more than that, with bitcoin you could live without using the financial system and their fiat, at the moment that is very hard to do but it is possible, and that is powerful.

At this moment since applications of btc werent that accessible yet it will not affect much the community but when one community adapts it, we can see their economic status is sustainable in living and can developed great postive impact on their communities.