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Author Topic: Bitcoin to 3rd world countries  (Read 475 times)
MinerOfTheYear
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January 29, 2018, 08:54:33 AM
 #21

Bitcoins should develop in all countries.
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Miner228
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January 29, 2018, 08:56:19 AM
 #22

I think that bitcoins will never come to the countries of the third world. This will be possible only if they catch up with developed economies in the development of the economy.
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January 29, 2018, 08:59:40 AM
 #23

Bitcoins are a currency only for developed countries, which it really needs to perform certain banking operations.
makolz26
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January 29, 2018, 09:01:10 AM
 #24

Bitcoin is welcome in every country and I can't find any reason for them not to access this one, for sure they will find ways for this to have in their country,
I don't think that there is a country who does not have even a technology to access for sure they have some ways for it, I belong to a poor country but we are not late in having crypto in our country.
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January 29, 2018, 09:01:35 AM
 #25

The development of bitcoins in the countries of the world is quite possible.
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January 29, 2018, 09:03:04 AM
 #26

Bitcoins as well as the Internet are available to all and at the same time, therefore they can be used in all corners of the planet.
ajjhu
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January 29, 2018, 09:13:47 AM
 #27

I think Bitcoins are more valuable than their legal currency in war-torn or poor countries because their currencies are not as stable as bitcoin, and of course I think Bitcoins should not be legitimate in those countries, but those The government is not capable of stopping people from using bitcoin.
Vannie12
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January 29, 2018, 09:29:17 AM
 #28

1 Bitcoin=$11k USD

Examples of third world countries ( correct me if I'm wrong)
With respect though.

1 Bitcoin=69877.38 Chinese Yuan
1 Bitcoin=566064.31 Philippine Piso
1 Bitcoin=702595.78 Indian Rupee


Hahaha..I do believe that it does mean a lot to third world countries.
And I don't blame the government why they wanted to regulate them.

I'd be lucky if I have a whole bitcoin myself you know. I pray.  Grin
Mohamme
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January 29, 2018, 09:31:27 AM
 #29

I think these poor countries will limit bitcoin.
Because in general, the more poor countries domestic inflation, the government will not allow citizens to participate in this kind of speculation in the game, and the BTC is likely to be their country's financial system have a big impact.

charlotte04
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January 29, 2018, 09:33:24 AM
 #30

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

I am currently in the place of a third world country, but doing something for crypto is definitely okay, it is just up to you if you want to adapt it and try to understand the technology behind it.
Denker
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January 29, 2018, 09:35:27 AM
 #31

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

Bitcoin can be useful to anyone of this planet as long as he has access to the internet.
And with Lightning Network also the fees won't that much of a problem anymore, as altcoiners like to bring that often up as an argument against Bitcoin for 3rd world nations.
Governments will act differently depending on style of leadership. Authoritarian states will try to ban it. However this won't stop people from using Bitcoin.
Bitcoin is like water and always finds a way to get used by people all around the world. This is the greatness of this specific protocol and value transfer network.
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January 29, 2018, 09:39:56 AM
 #32

I think it will be slow for bitcoin to reach the third world countries. And most of these third world countries are not dependent on internet and will simply have no need for a digital coin such as bitcoin. Their daily lives involves only buying food and basic services from simple stores. But I believe it will be eventually reached by digital coins. When stores such as mcdonald's absorbed bitcoin tech.

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January 29, 2018, 09:44:02 AM
 #33

I could agree that Bitcoin could be some kind of help for third world countries and way of income for some poor people there.
But first some conditions for that are necessary, like good internet connection, at least some technical equipement and at least basic knowledge about technologies. Is all that available for people there?
And if they had that already they would be also able to find some other jobs.

Tambu
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January 29, 2018, 09:46:00 AM
 #34

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

Majority of the poor country their government curving them.  So btc has a less chance to have a place in them unless sponsored by their government.

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PalindromemordnilaP
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January 29, 2018, 09:48:24 AM
 #35

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

Bitcoin is the currency for the people be it rich or poor. Yes we know that the third world countries are almost deprived from reaching the cyberworld but if only their government should do something about it, bitcoin and the cryptos will change their economic status for it will open job opportunities (like the campaigns we have in this forum) for their constituents to earn without having a capital at all.

lienfaye
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January 29, 2018, 09:53:00 AM
 #36

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Although they are developing countries, bitcoin can still become popular with the available local exchange who promotes bitcoin awareness for the citizens to catch up on this trend. They are providing relevant services when you use this crypto. The people will have the chance to earn money by investing or offering their skills in exchange of btc. However we cant expect all people to understand whats in this technology because not all are fortunate to have gadgets to access the internet.

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Xenrise
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January 29, 2018, 09:55:17 AM
 #37

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Future of bitcoin in this kind of countries can be said as progressive as it is. I'm part of a 3rd world country but there were a lot of people that are having a lot of demands of bitcoin. And as we all know, bitcoin's price can be determine to the demand of people in getting bitcoins. Although we are being categorized as "poor" country, we know for ourselves that bitcoin is being treated well in here. What I meant by well is that many people in here are trusting on bitcoin and buying of course.

Is bitcoin can be useful for the citizens ?
It is useful to all  Roll Eyes.
What would be the government's approach to this kind of currency?
Here in the Philippines, the government is somewhat against to this because of high volatility. Guys, if you think that third world countries future in cryptocurrency will be bad. Then think twice Smiley. There are a lot of whales in my country and those whales are what we are looking up to.
fishball
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January 29, 2018, 09:55:48 AM
 #38

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

It would definitely help them. Problem would be first are the necessary things needed since we are talking about the thirld world countries, cellular phones are their major problem, then internet connection and other stuffs. But, if they will be given a chance to earn for themselves, we should at least consider it.
TATTICEO
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January 29, 2018, 10:01:45 AM
 #39

The common people of these countries don't even know about the existence of bitcoin!! Believe me, even after this hype!

 Everything that they touch or see is owned by someone who just wants to crush them more! They don't even realise that they have the power to contribute or be a part of the system. Bitcoin sounds to them as something alien! It's as if another big gov backed Conglomerate is trying to snatch whatever they are left with! They are manipulated by the media, you & I are the ones who can create & preach because of the internet!

These people cant, they are programmed by the system to be only users. We need to reach out to them by different ways! Reach to them to tell them how simple it is! Reach to them to propagate that the power is now distributed. Reach to them to make them understand that they are us!


Its gonna take some time, however, that's going to be the last straw, then we will see massive gov breakdowns & people with concentrated power running to save themselves. I envision that once the  "ranking of values" comes into play these people will play the major role. That will be totally another exciting ball game. Overall we will progress &  get ourselves out of this mess.
bocyaj
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January 29, 2018, 10:02:11 AM
Last edit: February 01, 2018, 07:16:36 PM by bocyaj
Merited by Thanasis (2), bitcad4u (1)
 #40

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

It would definitely help them. Problem would be first are the necessary things needed since we are talking about the thirld world countries, cellular phones are their major problem, then internet connection and other stuffs. But, if they will be given a chance to earn for themselves, we should at least consider it.


If they have a phone with internet connection,they can easily get some dollars from bitcoin by participating in Signature campaign.If they have some money means,even they can start of bitcoin trading.In bitcoin trading,they can get limitless bitcoin with holding money.If they hold it for a month and sell it when the price raise maximum,they will get very huge returns.

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