bitcoin in developing countries

[Colt81]

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 disruption in the economic stability will be just depending on how people use Bitcoin if it they just certainly be obsess into using it and just depend everything into Bitcoin wherein people just focuses into their own purpose and sake in which people choose to leave their works that lead to the loss in the manpower that yields to the loss into the productivity rate of a certain country but if people will effectively use Bitcoin properly, I guess, Bitcoin can lead to the inflation within the economic aspect of a certain country.

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[zarados]

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?

indeed, some of the states that would not legalize bitcoin have such thoughts that bitcoin will disrupt economic stability and will cause inflation in the country. Well, that is the thinking of developing countries, maybe that's why they continue to be a developing country and can not be a developed country. but if you see most of the developed countries actually legalize bitcoin and no negative things that cause damage to the economy and the occurrence of inflation.

[DisWhale]

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 think Bitcoin rather improves the economy of a country if only the governments and the people really understand the idea behind it. Bitcoin offers financial freedom to all and with countries which will employ the idea of Bitcoin, the government will only get to boosts its income rather than relying solely on the collected tax to build the country.

[mcuevas074]

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?

es culpa de macri

[zhuiyongliang8]

The steady influence of bitcoin in developing markets such as Africa or South America has played a crucial role in helping to support the development of its financial system. These include Kenya, Nigeria and Zimbabwe in Africa and venezuela in South America.

[SunJAB]

The steady influence of bitcoin in developing markets such as Africa or South America has played a crucial role in helping to support the development of its financial system. These include Kenya, Nigeria and Zimbabwe in Africa and venezuela in South America.

Bitcoin and the cryptocurrency market are having a pretty positive effect on developing countries, with young people getting richer thanks to the crypto market, so many services have been formed and created jobs. workers. Bitcoins and cryptocurrency are wading into the lives of individual citizens.

[Pier7]

I guess bitcoin has helped the economy in the developing countries, it reduce the unemployment rate and gives people some extra source of income.  Joining campaigns, watching ads and writing blogs are some of the jobs offered by companies and they compensate it with bitcoins.

[South Park]

In my opinion the existence of bitcoin will not make the inflation of a country. In fact the existence of bitcoin will increase the economic growth in a country. That will make a lot of people to invest. And it has been proven.

There is also a problem of unemployment in those developing countries and they do not know that how to solve that problem but with the invention of bitcoin that problem is solved as the educated people now like to spend more time online to make their living from the crypto currencies in which bitcoin is giving much profit to them.

Even if bitcoin has a lot of great characteristics reducing unemployment is something that I do not think it is going to happen thanks to bitcoin, that is the way some people think but they do not really understand the economy, printing more money doesn't solve anything, creating fake jobs that people can do doesn't solve anything, the problem of unemployment comes because machines and computers are getting very good at replacing humans.

[SchiefelbeinBTC]

A lot of people are now investing on Bitcoins and are being a part of it.

[pallang]

Bitcoin in many developing countries are already popular and it doesn't a big help in their economy because the government can't collect taxes on Bitcoin users so i think that some countries banned Bitcoin because of this for all we know that government need taxes of their people to boost it's economy.

[cah ndablek]

With the existence of bitcoin is actually able to make a person's economy to be better but side effects will also occur later because if the majority population continues to rely on bitcoin as a means of transactions certainly the original currency of the country will can disappear slowly.

[jonaire99]

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?

Bitcoin can help improve the life of any individual residing in developing countries. In wealthy Japan, the top cryptocurency is use as one of the legal tender and allowed many to purchase any available products using it.
Bitcoin can boost the economy if it already fully accepted and use by its people. The only disadvantage of bitcoin its high volatlity and unstable price and many will be affected if bitcoin suffer a crash.

[sana54210]

In my opinion the existence of bitcoin will not make the inflation of a country. In fact the existence of bitcoin will increase the economic growth in a country. That will make a lot of people to invest. And it has been proven.

There is also a problem of unemployment in those developing countries and they do not know that how to solve that problem but with the invention of bitcoin that problem is solved as the educated people now like to spend more time online to make their living from the crypto currencies in which bitcoin is giving much profit to them.

Bitcoin is very popular in the developing countries and is going popular in the other under developing countries by the Blockchain events and some more of Bitcoin knowledge and adoptions.

Bitcoin has spread overall the world but the people are still waiting in order to let it more strong and strong so that their queries remove by the responses but they do not know a lot of people are millionaire and billionaire through this currency and they are still waiting is out of mind. They response from developing countries is developing each minute.

[Cosbycoin]

In my opinion, if government is for the people, then might as well give it to the people. What is the use of hindering citizens from getting above the poverty line. If bitcoin will give them their much awaited financial stability, then they won't have anything against it. The thing is, to just regulate this kinds of currency do as to protect the people.

What it appears to my mind is akin to what you have stated here. No man with mind would be able to understand the logic behind banning bitcoin anywhere in the world. We need to understand that freedom is the basic right of every other human being whether it is financial of some other sort of freedom. We cannot stop them ethically and legally from getting richer.

[Deamindit]

The inflation is always monoplized by the fiat system and bitcoin cannot be deflation.

[Mancung]

I dont think that bitcoin will disrupts the economy stability, since it is a crypto currency and has nothing to do with an inflation in a country. Every govenrment should take care their own economics, they already had a strict rule about that

[@prashant]

It take time for new technology to be adopted by people and government of a country.as blockchain is emerging as  important field in IT world so more and more startup are choosing blockchain and doing ico for their funding ,payment system will be improved greatly due to ledger (crypto) adoption.many developed countries have take crypto as legal to boost their economy so it will be necessary choice for a country to adopt crypto.

[entrepmind23]

It take time for new technology to be adopted by people and government of a country.as blockchain is emerging as  important field in IT world so more and more startup are choosing blockchain and doing ico for their funding ,payment system will be improved greatly due to ledger (crypto) adoption.many developed countries have take crypto as legal to boost their economy so it will be necessary choice for a country to adopt crypto.

A change is not immediately implemented because some people just don't want change as they are used to the old ways thus they reject the idea of cryptocurrency being used as a legal currence. Some people even call it scam just because they do not understand it and they comfortable with fiat as it is what they are used to and comfortable with especially for the baby boomers and the earlier generations. A developed country like Japan already regulated cryptocurrency and there are other developed countries who are planning to do so but there are developing countries who are moving forward and some even are regulating it. It is easier for countries with small population to implement such change compared to countries with bigger population.

I guess bitcoin has helped the economy in the developing countries, it reduce the unemployment rate and gives people some extra source of income.  Joining campaigns, watching ads and writing blogs are some of the jobs offered by companies and they compensate it with bitcoins.

Due to the high unemployment rate, many are taking the opportunity to have some extra income from bitcoin and other cryptocurrency. It is a big help in the economy of a developing country because people would have an income that let them spend on some things and would help more business prosper and more jobs will be open.

[South Park]

With the existence of bitcoin is actually able to make a person's economy to be better but side effects will also occur later because if the majority population continues to rely on bitcoin as a means of transactions certainly the original currency of the country will can disappear slowly.

That day is very far away and we should not get worried about bitcoin replacing any fiat currency for the moment, however as people begin to realize that investing and using bitcoin as a medium of exchange is way better than using fiat it is possible that in the future currencies around the world will get so weak that eventually bitcoin could replace them.

[ruski]

I am not sure if Bitcoin is going to develop countries, but I am sure that it is indeed helping to reduce the poverty and the number of unemployed people in many countries, especially on the third world countries, because so many jobless people from such countries are making their living only from working online with Bitcoin.