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Author Topic: bitcoin in developing countries  (Read 3365 times)
rik2
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May 01, 2018, 07:17:51 AM
 #101

I think Bitcoin is surely a thread to the country's economy. Government really hates it a lot but they have to face it that's how we will know which system of money management is better.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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May 01, 2018, 08:17:52 AM
 #102

People are ready to invest in crypto in developing countries but the government is not encouraging this. In some of the developing countries, it is already banned.
Is just the way they adopt and thinking negative about crypto.  Crypto development isn't depending on them actually,  it could grow gradually as other countries supporting it. We expect a lot of changes and surprises within 5 years from now and it surely crypto will soared worldwide.
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May 01, 2018, 08:22:04 AM
 #103

In my opinion, developing countries are those, which can actually understand what cryprocurrencies are and how they can be beneficial to their economics.

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May 01, 2018, 08:50:39 AM
 #104

People are ready to invest in crypto in developing countries but the government is not encouraging this. In some of the developing countries, it is already banned.
Is just the way they adopt and thinking negative about crypto.  Crypto development isn't depending on them actually,  it could grow gradually as other countries supporting it. We expect a lot of changes and surprises within 5 years from now and it surely crypto will soared worldwide.
It is because that country cannot see the advantages of bitcoin and only look for the bad side that happens in other countries that already accept bitcoin but suddenly banned. Government of the developing country should change their views about bitcoin because it can also help for the growth of the economy.

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May 01, 2018, 09:11:31 AM
 #105

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

I dont think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country,because in
the reality happens, that because the help and exist of digital currency there is a growth of economy and social economic responsibility,therefore those fake news that  tells cryptocurrency is the one disrupting the economic stability thats not true,because the main purpose why bitcoin exist is to promote capitalize country and make a better economic growth,and this things happen now especially in those industrialized country.

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May 01, 2018, 09:25:58 AM
 #106

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

if the many peoples in developing country has internet connection I think they can participate in bounty campaign . it will helpfull them to get another income.
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May 01, 2018, 09:40:14 AM
 #107

In the development of bitcoin in every countries world wide i think it can not disrupt to the economic stability of a country in accessing cryptocurrency because in the first place bitcoin is made only to decentralized currency which is to eliminate third party involvement between the government and the state.
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May 01, 2018, 11:18:34 AM
 #108

Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

I don't think that bitcoin and the rest of cryptos will disrupt a nation's economic stability and growth because if we consider how Japan testified regarding its economic boost when they embrace the technology, then you can see how bitcoin and the cryptos are really helping the economy even to the world's most progressive country.

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May 01, 2018, 12:13:41 PM
 #109

I saw some articles online that says that some of the developing countries are now preparing or getting ready for accepting or adopting bitcoin to their country because just like Japan which is one of the most developed country in Asia already accepted and legalized bitcoin and they are having a great progress from it so i think that the other developing countries will do the same.
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May 01, 2018, 12:37:17 PM
 #110

Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

I don't think that bitcoin and the rest of cryptos will disrupt a nation's economic stability and growth because if we consider how Japan testified regarding its economic boost when they embrace the technology, then you can see how bitcoin and the cryptos are really helping the economy even to the world's most progressive country.

Well at this time fiat is the main currency that runs most countries and if there comes a time when fiat will be overwhelmed by crypto, perhaps the economy itself will be disrupted during the transition. That's just me though, because the transition may go really slow as to not have any effect at all as well.

 
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May 01, 2018, 12:50:23 PM
 #111

I personally don't see cryptos as official mean of payment/circulating currency in third-world countries
Their economies in many ways are controlled not by market itself, but by dictators/corrupted institutions. They won't share control. But it can help those who is stopped by the government in making business or smth. Some lind of more justified shadow economy

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May 01, 2018, 12:51:06 PM
 #112

it's good to read that, but there are countries that have been banned from bitcoin. hopefully the world will have bitcoin to alleviate poverty.
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May 01, 2018, 12:59:20 PM
 #113

i think bitcoin in development countries are good because it can be a good development for them and having a good tax from it but the problem is when they are need a good infrastructur to provide it and any developed countries not all of them are good in their infrastructur

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May 01, 2018, 01:07:04 PM
 #114

In developing countries they are less aware of BTC. For example, LAO, THAILAND, VIETNAM ..... these countries have almost no government to accept the MOF, only a few investors participate on foreign exchanges, their government does not interfere with BTC.
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May 01, 2018, 05:05:00 PM
 #115

Yes, I do believe that Bitcoin and crypto technology will disrupt the traditional infrastructure in most of the sectors. However, it won't affect the stability at all because this process will be in action in the background or say on the parallel level so fiat and banking system won't affect overnight. However, if we consider the long-term scenario then things will transform upside down if this transformation succeeds. Even governments are supporting Blockchain technology and that will help the growth of Bitcoin and altcoins too irrespective of the government's stand on the same.
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May 01, 2018, 05:22:43 PM
 #116

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

The only reason why bitcoins before is not being so popular is because the price is very low and the cost of living is very expensive even before so no one is interested on investing in it but as the time goes by, the price is keep on growing due to different new's and investors as well.
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May 01, 2018, 05:26:24 PM
 #117

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

japan today is using cryptocurrency in order to improve their own economy and that is the best reason why cryptocurrency today is very helpful for the community, technology is growing as well as digital currency so we can expect a better future if this kind of idea will just continue in the future.
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May 02, 2018, 05:46:15 PM
 #118

I  think every country has their own development of cryptocurrency.Bitcoin is getting popular in developing countries.Bitcoin can help developing countries who have hypetinflation,no jobs,no capital for investment, bitcoin can help everybody by helping access modern banking and financial services through blockchain.Bitcoin and mobile phone can help poor in the world access the global economy.
Bitcoin is getting popular everywhere in the world that is a good thing the bad thing is that countries are still in development have a lower income in average than those that have already developed and this means that they cannot get as much bitcoin as the people living in developed countries which means that they will have to take greater risks if they want to improve their economic position.

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May 02, 2018, 06:05:42 PM
 #119

In present world bitcoin is becoming popular day by day. People have started to know about it. In developing countries also many people are connected with bitcoin.

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May 02, 2018, 06:39:18 PM
 #120

In present world bitcoin is becoming popular day by day. People have started to know about it. In developing countries also many people are connected with bitcoin.

Yes in recent days bitcoin and other crypto currency are very popular all over the world so this is a good thing for all crypto currencies and also the development of its value and also gives some hope for users.

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