THE BITCOINS AND THE UNDERDEVELOPED WORLD

[Tajuluc]

               
                                       
                     THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND

             As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries. 
           
             Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…

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[Lucius]

The fact is that slightly less than half the world's population has no internet access, but this is in some cases irrelevant since they do not have much more important things like medical protection, education, or even the right to to vote freely. Whether we like to admit it or not, the world is actually very selfish and the fact that the rich every day become even more richer, and the poor lose what little they have speaks for itself.

The question is how to change it, and answer is very simple - world wealth should be evenly distributed, people need to show compassion for other people. But that will not happen for a long time, tons of food are thrown away every day, and thousands of people literally die of hunger - which means that people care only for themselves mostly.

Bitcoin can be just part of solution in this global problem, but even in highly developed countries cryptocurrency is still actually just at the beginning of changing the way the present financial system works. The number of crypto users is estimated globally at only 0.5% to max 1%, which is actually almost insignificant percentage.

[stompix]

Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine

Oh, tell us something new.
You just realized this when you saw that there billions out there who haven't touched crypto?

There are millions if not billions without proper water supply, healthcare, food, with no jobs with no electricity with a lot of no. They don't have cars, they don't have smartphones or smart tv, and they were always a century apart from the western world.

Nothing will change.

those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries.  

Nope, it can't get any worse for most of them.

The question is how to change it, and answer is very simple - world wealth should be evenly distributed, people need to show compassion for other people.

Oh yeah, let's distribute wealth. What could go wrong?
Wealth will be distributed evenly, and we will all end up the same, waiting for 6 hours in cold for a bottle of milk.
Been there when I was young, not planning to see another redistribution of wealth this life.

And what will happen if 10 years after this distribution John will have a successful business and earning millions and Jack will be broke, in debt, and has spent all his money with drugs and whores? Are we going to have another redistribution?  

Bitcoin can be just part of solution in this global problem, but even in highly developed countries cryptocurrency is still actually just at the beginning of changing the way the present financial system works.

How it is part of the solution?
With loaded having 40 000 btc and the "ialwaysspelltheirnamewrong" brothers 100 000?
Are we going to take their bitcoins and give them to the poor?

[Lucius]

stompix, the fact that you think the rich should have even more at the expense of the poor, and that it's normal just showing in what kind of world we live. Anyone should have equal initial conditions for life, but this is not the case since most of people think that they are better then some others in some distant part of the world. Be happy that you can buy bottle of milk (or what is these days call milk), some children would be happy to drink one glass of milk once in a week.

I do not say that distribution of wealth should be at the expense of small ordinary people who live in some wealthy countries, but instead to invest in weapons or some stupid projects which do not make sense and represent a danger to humanity we should help underdeveloped countries. For example some $50 is enough for one child to have schooling, food and clothing for one year in some African country. I can live without few hamburgers, a pair of packs of cigarettes or something like that, but most people will just turn head to the other side and continue with their life.

I assume that you think bitcoin is invented only for the selected ones., Who is saying that bitcoins should be taken from you or me and given to poor? I'm talking about an equal chance that everyone can use bitcoin, which in not case today. Satoshi is not invented bitcoin only for Wall Street or people who are behind big crypto exchanges so that they can make profit - bitcoin should change something in this world, but same as idea of world wealth distribution which is unimaginable at this point, maybe bitcoin is just something similar to that.

[traderethereum]

I think soon or later, every people in the world will know about bitcoin and other coins.
And we don't know whether it is too late or not because Bitcoin doesn't have any history before and we are still on the right track to introduce bitcoin to them.
They will know by reading any information in their country, and I am sure that some people will bring bitcoin into their place so that will a time for them to learn about bitcoin itself.
Maybe at that time, bitcoin price is at the highest price, and they cannot buy bitcoin, but I am sure that there will be a way for them to earn satoshi in many ways.

[1Referee]

If you think there are certain problems in the world, then waiting for things to get better by themselves will not help, because things will not get better by themselves. We have decades of history proving exactly that. Governments will not help either, they're more part of the problem than a potential solution.

It all comes down to individuals doing their best to improve the situation locally. You can't change the world or a country, but you can change things locally with some help from others. If enough people do that, things in underdeveloped countries can improve over time, but then still, I don't think we should aim at the people there to become just as wealthy as people in the western world are.

There is only so much that you can change when the government doesn't cooperate or even blocks attempts to have the situation in their country improve.

[redsun114]

The good thing about being early adopter is that any country can get a bit richer thanks to bitcoin. For example, a nation like Venezuela could see bitcoin or any other coin as a savior and get as much of it as possible, after certain years pass the price of bitcoin will go up, now that they have a lot of bitcoins that worth more money they can literally sell it for dollars in USA market and get dollars into their country.

This is the reason why bitcoin is so loved by third world countries, a 5 bucks worth of coffee is nothing in USA but 5 bucks is about 5 coffee in some other nations, a 20 dollar burger is nothing in USA but its a whole weeks worth of food in some countries hence they could just work and earn crypto from USA and even if its just 5-10-50 its still a lot less than what an American would charge.

[shield132]

You act like whole word decided to make bitcoin the only one currency and payment method and now what to do in underdeveloped countries where most people don't have access to bitcoin and they'll be left without money.
I'll tell you what underdeveloped or developing countries do. They try to implement blockchain technologies or bitcoin payments in order to get attention from developed countries and people. So believe me there is no need to worry about that countries, they'll do their best to get attention that they are developing and implementing new and innovative things.

[thehun]

Bitcoin is of course a huge advance as it makes transfers of money faster, safer and cheaper, and it can easily undercut the middlemen known as NGOs, who seize a very large % of the donations by paying their boards huge salaries, paying bribes, etc. But of course there still needs to be some control at the destination to make sure your donation is used for what it was originally intended.

For places without easy access to internet several African companies have developed mobile payment systems; users only need to have a mobile phone and they can use it to easily store money or pay for goods or services. I don't know whether there is already a gateway between these systems and crypto but I think it it would be the way to go.

[mersal]

There maybe some governments not aware of crypto currencies but almost all the countries people know about it because localitcoin found on almost all the countries.

Even there will be no problem if people didn't aware of it,until there a time comes fiat will have no longer any value.

[stompix]

stompix, the fact that you think the rich should have even more at the expense of the poor, and that it's normal just showing in what kind of world we live. Anyone should have equal initial conditions for life, but this is not the case since most of people think that they are better then some others in some distant part of the world.

Why? Why should my kids have the same problems like the ones that were not so lucky when born?
My kid won't have a Lamborghini when he is 18 but he will have all that is needed to start in life.
Just because some other kid won't have the money to buy a normal car, why would you want to take that away from me and my son? Who gives you the right to decide what those conditions are?

LE:
And you can call me selfish for this, I don't mind cause I know it's quite true. But I'm not willing to see a child of mine growing in the same failure of a system where everyone was suposed to be "equal".

Be happy that you can buy bottle of milk (or what is these days call milk), some children would be happy to drink one glass of milk once in a week.

You got it wrong.
I was talking about the 80'es queues that happened all over eastern Europe.
And it all started with a glorious dream, all of us should be equal, as you just mentioned, free education for everybody, free healthcare, free...how it ended? A living nightmare without anything.

I do not say that distribution of wealth should be at the expense of small ordinary people who live in some wealthy countries, but instead to invest in weapons or some stupid projects which do not make sense and represent a danger to humanity we should help underdeveloped countries

The moment you stop arming yourself you're inviting the ones with weapons to take over your country.

I assume that you think bitcoin is invented only for the selected ones., Who is saying that bitcoins should be taken from you or me and given to poor? I'm talking about an equal chance that everyone can use bitcoin, which in not case today. Satoshi is not invented bitcoin only for Wall Street or people who are behind big crypto exchanges so that they can make profit - bitcoin should change something in this world, but same as idea of world wealth distribution which is unimaginable at this point, maybe bitcoin is just something similar to that.

Nope, not at all.
Bitcoin is the essence of free-market capitalism because it represents money, or capital itself.
That's why anything remotely close to a socialist redistribution of wealth is as far as possible from the very nature of Bitcoin.

[Tajuluc]

Why? Why should my kids have the same problems like the ones that were not so lucky when born?
My kid won't have a Lamborghini when he is 18 but he will have all that is needed to start in life.
Just because some other kid won't have the money to buy a normal car, why would you want to take that away from me and my son? Who gives you the right to decide what those conditions are?

I think i understand a bit your way of thinking,unfortunately mast of those who have a stable condition thinks same,at the end it is just you being afraid to get out of your comfort zone.Those developing countries earned thier respect thanks to those who had guts to fight for them and most where not directly concerned ,they had families as well...So children protection is not an excuse,at the end it is just a question of personal choice.

[jak3]

First of all, I will like to say you cannot change those who do not want to be change. That means if those countries or regions want to change their financial situation then they have to you take the first step to let us know that they want our help. Suppose if you are in a desert and you want water then standing there will not help you. you have to do something and try to find the water yourself.

[TIDOVEE]

there is almost nothing we can do to those under developed part of the world. if only one can work with the government to support them. but i feel it is the duty of their government to upgrade what may be needed to make things work. as a matter of fact, it is we that think they are missing they may not even think it since they never tasted it. 

[ioanbtc]

Indeed that people can't have access to internet and also they have low chance to get bitcoin if something will not change, but maybe they will have some luck, also another problem is with countries who ban bitcoin. You are right that this people not have a chance and bitcoin can change their life in good but also price for 1 bitcoin is high but if someone will change something they possible have a chance to got some % of 1 bitcoin.

[peter0425]

As bitcoiners? We can't do anything about it, it is still up to the government. But they won't prioritise crypto though specially developing countries. They have far more pressing issues to solved. Water, shelter, electricity are some problems that they need to tackle everyday.

[hatshepsut93]

I do not say that distribution of wealth should be at the expense of small ordinary people who live in some wealthy countries, but instead to invest in weapons or some stupid projects which do not make sense and represent a danger to humanity we should help underdeveloped countries. For example some $50 is enough for one child to have schooling, food and clothing for one year in some African country. I can live without few hamburgers, a pair of packs of cigarettes or something like that, but most people will just turn head to the other side and continue with their life.

You can't simply throw money at a problem like that, it will just make the prices in those countries skyrocket. The problem is that those countries don't have good economies, and again you can't simple throw money at a problem like that, because they will simply disappear due to corruption. So, one solution is to take full control over those countries and solve all their problems, but this means war and tyranny, no one will do it. The second solution is to support journalists, NGO's, help with some specific projects - it's a very long process, but it's the only way to truly help them. And, surprise, that's what western countries already do and were doing for decades.

[jseverson]

             Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…

Your fears are unfounded because it wouldn't matter to them. Most of the people you described are happy just to see food on the table. They're not going to care if they bought it with fiat or Bitcoin. Bitcoin does provide financial inclusion, but the sad reality is that you need to be doing adequately financially to take advantage of it.

At our level, nothing can be done to create lasting impact. Donations can help them not go hungry for a few days, and that's about it. Poverty is not the cause of the problem, it's a symptom. You have to go for the root, whether that's systemic corruption, or ineffective governance, etc.

[avikz]

               
                                       
                     THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND

             As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries. 
           
             Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…

Among the world population of 7 billion, estimated 1.2 billion population is still outside the reach of electricity. So if Bitcoin is accepted as a world currency, these huge amount of mass will become even more poorer! But I don't see any chance of this happening! Bitcoin will NEVER become the world currency!

It will either be adopted within the mainstream economy or continue as a parallel economy like today! But when you talk about worries, obviously we need to worry!

When people are aiming to reach Mars, 16% of the world population living in extreme poverty as per the benchmark set by world bank. It is indeed a big reason to worry as a human.

[electronicash]

even today wealth is distributed unevenly, this is just how it goes. if you live in a country that the government doesn't do anything but omly collect money from their people, you'd still be poor even if bitcoin exist in that country.

if their government isn't going to be doing the drastic move to change their system the more they'd be poorer. corruption in the government ain't going to solve on its own. as for us, we can help but if they aren't helping themselves it will all just be useless. a country like mine, will stay poor unless we reboot this goverment and start over.