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Author Topic: bitcoin in developing countries  (Read 3365 times)
pellor mas
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May 19, 2018, 03:26:45 AM
 #321

This developing country still has not issued an official ban on the circulation of currency in the country. This makes the circulation of crypto money in the country is still running until now.Negara berkembang mana sajakah yang masih melegalkan bitcoin yaitu:  Malaysia, Thailand, · Filipina
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Denifriska
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May 19, 2018, 03:31:54 AM
 #322

I think bitcoin can disrupt the economy and cause inflation in a country. Probably because the bitcoin price is too high but the physical and the shape does not exist. Until that will make it difficult for the government to audit. Especially if the country is a country whose economy is not growing or in a weak economy.
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May 19, 2018, 05:55:23 AM
 #323

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?
Adopting bitcoin as a digital currency to fiat in developing countries would ease and ensures swift transactions but those government are scared of losing income that can be generated from taxes as result of anonymous transactions thus disrupting their economic policies especially in countries of lower population however this would not necessarily cause inflation in those countries and there will more influx of foreign exchange through services and jobs offered online.

tukang_rosok
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May 19, 2018, 06:06:33 AM
 #324

I think bitcoin can disrupt the economy and cause inflation in a country. Probably because the bitcoin price is too high but the physical and the shape does not exist. Until that will make it difficult for the government to audit. Especially if the country is a country whose economy is not growing or in a weak economy.
nothing wrong with bitcoin shape.for each bitcoin , miner spend alot money for mining cost.and its not different with fiat.so why we still questioned about bitcoin shape?
genixye
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May 19, 2018, 06:27:05 AM
 #325

Bitcoin is becoming more and more popular in the developing world, and I don't think bitcoin will have a major negative impact on the economic stability or development of any country.
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May 19, 2018, 06:34:10 AM
 #326

I think bitcoin can disrupt the economy and cause inflation in a country. Probably because the bitcoin price is too high but the physical and the shape does not exist. Until that will make it difficult for the government to audit. Especially if the country is a country whose economy is not growing or in a weak economy.
nothing wrong with bitcoin shape.for each bitcoin , miner spend alot money for mining cost.and its not different with fiat.so why we still questioned about bitcoin shape?
i think no problem with physical, but many developing countries are still minimal in the human resources, internet facilities, etc. but for developed countries like japan btc can prosper society, because they are ready with technological development

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May 19, 2018, 06:53:31 AM
 #327

 In our country bitcoin is still not excepted by the government or any crypto currency to be exact .   To be excepted even by the government they’re still going to need a lot of time
pharaon
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May 19, 2018, 07:30:57 AM
 #328

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 do not think so. Practice shows that bitcoin with its technology does not interfere with the domestic economy of the country, with the use of steam, since many countries have already adopted bitcoin as a means of payment and actively use its technology.
Jessica1234
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May 19, 2018, 03:53:07 PM
 #329

Bitcoin has the capability to help on the economic crisis of a country. In developing nations, misappropriation of state funds by corrupt government officials is a big problem. Nonadherence to project contracting best practices results in capital projects being handled by cabals who divert state funds for their own personal interests. The use of cryptocurrencies, especially those built upon smart contract protocol will allow for a more transparent contract system.
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May 19, 2018, 04:07:25 PM
 #330

Bitcoin is becoming more and more popular in the developing world, and I don't think bitcoin will have a major negative impact on the economic stability or development of any country.
Positif and negative on the market its normal, Whale need some negativ news for buying agains his cryptocurrency they all selling at top and making some fud for other people then they can buy again at dip level

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May 21, 2018, 10:01:11 AM
 #331

yes of course bitcoin is currently in a developing country, but I am sure bitcoin will continue to grow until the whole in the world will accept it. For me bitcoin is a profitable gold. Although there are some governments or countries that do not accept it, but surely often bitcoin time will be accepted in every country.  Smiley
Yes I agree, mostly countries accept bitcoin are rich countries because they are the countries where bitcoin first introduce.

Over 99% of people, I mean simple people in developing countries are not interested in the cryptocurrency. That is why, I guess, too many years (up to twenty) will pass until Bitcoin will be used there.
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May 22, 2018, 01:30:09 AM
 #332

Btcs helps in overcoming the employment issues, so developing countries are the best when used.
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May 22, 2018, 02:03:55 AM
 #333

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 this disruption of economic is true due to Bitcoin then there will be no country that will embrace and adapt Bitcoin existence because of fear that their economy might be ruin but what is really happening right now is many countries are now legalizing Bitcoin because they believed that Bitcoin is a huge help to improve their economy like Japan, France and Germany.
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May 22, 2018, 02:37:02 AM
 #334

I think bitcoin does not interfere with inflation as long as bitcoin is used as an investment, unless used as a clear fiat it will reduce the real currency as its function and will lead to inflation.
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May 22, 2018, 08:40:43 AM
 #335

I think bitcoin for developing countries is great for helping its people's economy, as in my country Indonesia's popularity of bitcoin has steadily improved and I have felt its own benefits for my finances and bitcoin will not disturb the economic stability of a country.

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May 22, 2018, 08:45:41 AM
 #336

In developing countries, the cost of living is very much inexpensive. So income from bounties goes a long way for them in that part of the world. Some even opt to not work at all and just focus on crypto currency. The number ofnthem are growing and I think it is good for the economy because they actually go out and buy stuff now.

Driggers95
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May 22, 2018, 08:46:27 AM
 #337

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?
Although Bitcoin is very popular in my country, our government is very conservative. They think Bitcoin will hurt the economy in my country. Hopefully they will recognize the mistake and they will accept Bitcoin

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May 22, 2018, 08:52:30 AM
 #338

I believe that developing countries are full of normal wise people who will take advantage and accept bitcoin for it is useful and good for them
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May 22, 2018, 08:55:10 AM
 #339

I think bitcoin does not interfere with inflation as long as bitcoin is used as an investment, unless used as a clear fiat it will reduce the real currency as its function and will lead to inflation.
i think there iso no significant correlation between bitcoin and inflation.evenmore bitcoin not accepted yet as global payment system.so no worries about that.
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May 22, 2018, 05:21:36 PM
 #340

Bitcoin is the most popular way to increase economical development in developing countries.  It has recently helped people to stable their economical life. By using bitcoin people also helped their country to reached at the top in economical site. Developing countries government aslo get the best result from bitcoin and solves many economical problem. And its help to increase many advantages for the betterment of the people life.

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