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…

[1715559158]

1715559158

[1715559158]

1715559158

[1715559158]

1715559158

[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.

[hatshepsut93]

@OP

Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.

Bitcoin is not a guaranteed way to get rich, in fact it can just as easily wreak you financially - you can invest in the wrong time and than sit in a loss for years, you can panic and make trades at a loss, you can fall victim to scams and hacks and lose your investment. Keep this all in mind before giving financial advice to people, especially those who are vulnerable.

[stompix]

~

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.

Just to make sure you understand.
After the fall of the Iron curtain, we as in my country were dirt poor compared to western standards even below some countries in Latin america and asia.
It was the f word socialist redistribution of wealth that brought us there. We got rid of it, we worked, and here we are starting to catch up with the westerners and even getting on par with Portugal.

Why should we take again a nosedive to sustain the 3rd world countries?
Let them do the same as we did, the whole northern part of eastern Europe is proof it can be done without socialist strategies and witouht begging.

@OP

Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.

Yeah, people are getting overboard with the whole blockchain crypto hype.
It's just a database and a currency.
It wasn't aimed at solving every problem humankind has.

[metalglowd]

               
                                       
                     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…

As far as i know, all we can do is help them directly.
However, it will be too difficult if we hope we have a place that makes brands can also earn income from this kind of Bitcoin.

I'm sorry, but isn't it to get profit from Bitcoin, we must have enough ability or capital to invest, while they may not have both of them. Building a place to educate them about Bitcoin is still possible but not if they want profits quickly

[acroman08]

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.

he is not saying that the rich should have even more at he expense of the poor. he is saying that an equal distribution of wealth is not the solution to helped the undeveloped countries or anyone. 

also "African countries" are being helped too much (in my opinion) and yet nothing really is changed. with the amount of donation being donated to helped the African countries it should be enough to make a significant change on the way they live. what I am trying to say is that a lot of underdeveloped countries wouldn't be so underdeveloped if it weren't for stupid leadership and corrupt politician who run the country.

[moynul2050]

               
                                      
                     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…

Why are you so worried? many people get rich with their plantations, with their agriculture, without electricity, without computers.
even without the internet, they trade traditionally and sometimes even without the FIAT currency, they only trade one item and the other.
so if they don't know bitcoin and don't benefit from bitcoin it won't change anything, they have become humans who can make money for their lives long before bitcoin was created.

[EdenHazard]

You should have a think that your country will be changing for the next few years, not only to spread a deep fear which obey on your mind. I believe that all countries in the world are aware of technology, because technology is a factor that is not excluded. So, government will continue to make their citizen aware of technology and even I am sure some of the developing countries will provide a facility for the government for their people to be able to use the internet or a computer easily.

With the result of that everyone will easy to know bitcoin and cryptocurrencies's function as a whole. This is the matter of time only, sooner we will see mass adoption that come to cryptocurrency. As for example in my country, I live on developing country maybe it same with you. Electricity just came to my village at 2012 ago because I live in a village far from urban areas, so I can't only feel the electricity if I came to urban areas, but now the people in my village can learn fastly and has been knowing everything about technologies including bitcoin and cryptocurrency.

[enhu]

Under developed countries are going to cope up when their government comes up with better system. A hundred years later, I don't think bitcoin will ever stop, it will still exist and if your country improves and will have the technology, they will still have the chance to have bitcoin. Cryptocurrency will live in the future. Don't dwell too much on unfair wealth, underdevelop country will improve later on.

[BrewMaster]

when smart phones first came out, they didn't reach third word countries first. it too some time to get there. it also took a long time to become a wide spread thing until the day when nearly everyone has one in his pocket. those who adopted smart phones late weren't "late" to anything and you didn't fear for them!

but you fear for people adopting bitcoin late only because you are not looking at bitcoin like a technology such as smart phones or similar things. instead you are looking at it as an investment that people are going to be late to invest in!!!

[CASTIEL05]

In real talk, Bitcoin itself can't change the underdeveloped countries. It was not made to improve one's nation. Well, it may influence but not a solution. You know, there are a lot of factors why country is underdeveloped. Before solving the complex why not first see the basic. If a country suffering from extreme poverty, war and violence the developed countries serve as a helping hand. Progress doesn't happen immediately it takes a long process.

[dunfida]

Lets face up the reality where we cant really able to solve out that kind of problem where there would always a population or places that wont really
able to know on whats happening behind online yet electricity is even a problem and also even if they do know bitcoins existence it doesnt guarantee that
it would able to change their life up.It give out chances but it depends still on how they do work.For now it would be much better not to struggle or boggle up
your mind on how to solve that.

[AjithBtc]

Compared to the world economy what the cryptocurrency ecosystem contributes is very low. Considering the same there is nothing to worry thinkin one who doesn't have knowledge will be left behind. People from underdeveloped countries prefer bitcoin similar to the currency as they are unable to carry loads of currency for business needs. In an article it was clearly mentioned, people of African countries prefer it much to make things easier that can't be done by their own currency.

[bitcoinproblogger]

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

Bitcoin is NOT a magic pill

You are aware that you can replace the word "bitcoin" with "money" in all your sentences and the problem would still be there. There's a reason why people in the underdeveloped world (dude, it's called DEVELOPING WORLD), have scarce access to Bitcoin, namely:

1. Armed conflict (wars)
2. Drought, famine and unsuitable living conditions brought about by climate change
3. Religious persecution, such as in states where Islam is forced on people through violent means
4. Income inequality brought about by social and class divide.
5. Corruption by the ruling elites
6. Lack of education and infrastructure

You make a big mistake of thinking that Bitcoin and Bitcoin alone can solve the world's problems. This is just plain naivete. First of all, Bitcoin BTC = is a speculative investment instrument. If more people buy Bitcoin, its price goes up due to the limited supply. If more people start selling Bitcoin BTC, its price goes down. It's called the law of supply and demand.

As a speculative asset, it means that its value can also deteriorate as it can rise. If you are a poor undeducated nomad living in the steppes of Mongolia, can your Bitcoin buy the supplies, equipment that you need in order to survive there?

[DreamStage]

Well it is just a matter of time till new comers will join Bitcoin after they start learning more and more from it.
Social Media is a big part if everything for that and spreading the word to your family, friends and those who don't have a clue what Bitcoin or any crypto currency really is.

In case of those without internet / electricity i am sure there will be some more new ways for them.
Who knows if those who have a bank account will be informed about bitcoin and cryptocurrency system from their banks instead.
Also banks will possible be able to issue some Crypto cards where you could use your fiat as a crypto currency.

[befriendmywater]

               
                                       
                     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…

That is also a big problem in using electronic money for future payments. Currently there are many people who cannot use the internet because it is too complicated. but i think we should combine electronic money and fiat money. it would be more reasonable instead of forcing everyone to use smartphones or access the internet to pay every day.

[arpon11]

               
                                       
                     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…

I am from a third world country and I do think that if our government can embrace cryptocurrencies most of the financial problems my country is having will be a thing of the past. I remember how a country in Africa  has its currency valueless because of the effect of dollars on their money. If this country accepts cryptocurrencies or bitcoin that is decentralized as their currency I do believe that, this will not happen and  the issues of internet I don't think will be a problem as most community has internet access now and it will be easier to be thought for those that did not have the knowledge on how to used internet.

[maxreish]

I know where your realizations are coming from but you underrated bitcoin and the blockchain technology itself. In reality, there are people who weren't able to afford the internet, mobile phones and other type of access to the internet. However, if our government will make a good step and make a solution to this kind of scenario, they will gonna be a part of this advanced technology by bitcoin.

I bet, you are pertaining of remote areas where in education is not that prioritized. But I am very much optimistic with the future with bitcoin. The only problem here is the adoption of new things, we have to educate those people who are unprivileged enough to go to school on how this digital payments works.

[stompix]

I am from a third world country and I do think that if our government can embrace cryptocurrencies most of the financial problems my country is having will be a thing of the past. I remember how a country in Africa  has its currency valueless because of the effect of dollars on their money. If this country accepts cryptocurrencies or bitcoin that is decentralized as their currency I do believe that, this will not happen and  the issues of internet I don't think will be a problem as most community has internet access now and it will be easier to be thought for those that did not have the knowledge on how to used internet.

Why do you think it is going to help your country?
It's the same belief in the magic pill that everyone is pointing out.

Changing your currency to bitcoin or pegging it to bitcoin would be right now a total disaster for a country that is trying to develop its economy. You will get rid of inflation but you will experience heavy deflation at the point you will need to print money to keep the economy stable, exports will be destroyed, imports will dominate the markets, your trade balance will be a vertical line and what is worse, the difference between those that were poor and the rich will become even bigger.

A far easier solution would be to peg your currency to a basket of currencies like the USD, EUR YEN and thus canceling the possibility of hyperinflations. Bulgaria, for example, is working with a pegged currency to the euro.

Also banks will possible be able to issue some Crypto cards where you could use your fiat as a crypto currency.

Wow, this tops a lot of crazy ideas I've seen on this forum

[Nkblix]

THE BTICOIN S AND UNDERVELOPED WORLD  THERE ARE THINGS INDIVIDUAL WILL DO IF GOVERNMENT DOES NOT COOPERATE,THINGS THAT WILL INPACT THE WORLD ECONOMY ,BITCOIN IS ALSO A FREE MARKET WHERE EVERY ONE CAN TRADE WITHOUT COUNTING YOUR LEVEL.

[el kaka22]

Reach-ability of crypto has an issue with too much of an underdeveloped world. I mean it does help places in third world countries to be able to connect with the whole world financially but that doesn't mean it would be helping the absolutely poor that has trouble even finding food.

For example, I just read that Yemen has a trouble with finding food and people are literally starving to death (same as north Korea but the difference is not because of the dictator) how would crypto help those people out? What can crypto do for people who are starving to death in Venezuela? You can give them bitcoin under an address and send it with key phrases and everything so they can cash out but these people do not have food to eat, so how could they cash out their bitcoins you sent them?

[kamudd]

Absolutely, even almost half of the countries in the world are still lagging behind with technology and this has caused difficulties to access information, including bitcoin. But even so, bitcoin and the economy in a country have a different path because there are still many things that are important to them other than bitcoin.

[Yutikas_11920]

I think that Bitcoin is still only at the beginning of its path, and even in developed countries they still do not recognize cryptocurrency. Poorly developed countries do not care about bitcoin, they have more significant problems.

bitcoin is still visible early but you should be able to see how many years bitcoin was created until today bitcoin can still survive and even have a very expensive price, imagine if a country that has economy and technology if it does not use technology such as bitcoin it will not be able to keep up with technology up to now.

[imstillthebest]

I think that Bitcoin is still only at the beginning of its path, and even in developed countries they still do not recognize cryptocurrency. Poorly developed countries do not care about bitcoin, they have more significant problems.

bitcoin is old enough and almost 3/4th's of the population do already recognize bitcoin most especially the developed countries because the people on this country are more knowledgeable  .

Poorly developed countries do not care about bitcoin, they have more significant problems.

thats not true . underdeveloped countries are infact have alot of users because people on this country are looking for oppurtunities to earn and they already discovered that bitcoin can bring wealth  . bitcoin can be thier stepping stone to achieve thier dreams and uplift the status of thier life  .

[RealMalatesta]

@OP

Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.

Bitcoin is not a guaranteed way to get rich, in fact it can just as easily wreak you financially - you can invest in the wrong time and than sit in a loss for years, you can panic and make trades at a loss, you can fall victim to scams and hacks and lose your investment. Keep this all in mind before giving financial advice to people, especially those who are vulnerable.

You are very right about virtually everything you said I fully agree with all your point except the first part of your statement, which you said helping the poor was never Bitcoin main goal, it might not be the main goal but it was still out of the pity he had for those who are being exploited by third party financial institutions that made him create a system that will cut all manner of cost in order to save money for these people.

Have you see any big or rich man really complain of charges being slammed on them by government? Because they have enough money to pay whatever little fee all these banks charges them, meanwhile it is quite difficult for any average or poor person to pay.

[sana54210]

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.

Even if the whole government of the whole world is aware of cryptocurrency, there is no way that they will uniformly agree to use it as global currency and there is no way it will absolutely replace Fiat no matter how long it stays.

In this world, do you know that we still have some countries that does not even have access to internet, and those are the under developed countries the op is talking about, if they replace fiat completely with cryptocurrency, how do you expect such people to ever survive, how would they make payment for things through a system they are not aware of talk less of knowing how to use it. Crypto can only serve as alternative to Fiat and cannot replace Fiat.

[Mahanton]

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.

Even if the whole government of the whole world is aware of cryptocurrency, there is no way that they will uniformly agree to use it as global currency and there is no way it will absolutely replace Fiat no matter how long it stays.

In this world, do you know that we still have some countries that does not even have access to internet, and those are the under developed countries the op is talking about, if they replace fiat completely with cryptocurrency, how do you expect such people to ever survive, how would they make payment for things through a system they are not aware of talk less of knowing how to use it. Crypto can only serve as alternative to Fiat and cannot replace Fiat.

Agree to this fact yet its never ever been possible for fiat to be replaced and lets face up the reality that there are really

remote places that even internet connection cant able to reach it out which it would really be a pretty hard thing for spreading out
the adoption on fully so that's why fiat system would always be the best thing in the end.

[Harlot]

Unfortunately this is a sad reality even if we all have this investment vehicles made available for us not all are interested or knowledgeable with these opportunities may it be because the lack of money to invest with or they are not financially educated. Of course they cannot do it on their own but the best way to trigger the start of it is for the government to be more involve in the situation in which they advocate investments which includes the crypto industry. It's really a win-win situation for everyone since all of them will benefit in that country.

[wozzek23]

               
                                       
                     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…

Development is a process, it is not everyone on earth that will ever be exposed to technology, until some generations gradually goes off the face of the earth, satoshi too does not expect everyone to use cryptocurrency, he created it as an alternative which even has limited supply, which is why Fiat will never go off the face of the earth for the sake of those under developed world.

There is nothing much that you and I can do to change this, we will just allow nature to gradually take its course and time passes by. If we are to even try, we have to first eradicated illiteracy completely from the earth, without eradicating illiteracy, there is no way technology can fully take its course for crypto to even spread worldwide.

[bearexin]

               
                                       
                     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…

Sometimes when I see people say things like you have said, I just assume that they are very dumb. Okay, I'm sorry for saying that, but what exactly makes you think that developing countries don't have internet? Like it's funny. I have been to most of these countries a lot of times and they have internet and they make use of phones and computers, they have 2G, 3G to 4G network… Like I don't get why anyone would be saying that they don't know anything about internet. They all know about Bitcoin and cryptocurrency, just that it's only few people that knows about it and most of them don't have interest in it. In case you don't know, some Bitcoin companies have even launched in Africa, Luno launched their services to Nigeria and there are other companies that launched in different countries as well. So these people are not really what you think.

[jseverson]

You are very right about virtually everything you said I fully agree with all your point except the first part of your statement, which you said helping the poor was never Bitcoin main goal, it might not be the main goal but it was still out of the pity he had for those who are being exploited by third party financial institutions that made him create a system that will cut all manner of cost in order to save money for these people.

Bitcoin's cost effectiveness was always a secondary consideration. It was just one of those things which happened to work out with Bitcoin's decentralization at the time. Things have changed since, and it's not even always true nowadays anymore with fees surging every now and then. The poor can't afford to wait for fees to go down to spend.

When people say Bitcoin can help the poor, most of them really mean that the poor can hold some and wait for it to appreciate; not for financial inclusion or actual utility. It could still be a cost effective means of transferring large amounts of money, but that use case won't alleviate poverty, just like having access to banking services won't automatically alleviate poverty.

[Dontme]

               
                                       
                     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…

Really, most of people in the world do not have internet and does not know bitcoin. Anyway, I don`t think that the government will allow people to suffer because of bitcoin. I`m sure that the world government won`t allow Bitcoin to level up if it will not benefit all people.

[FanEagle]

Another good thing about bitcoin is that it will allow these people from underdeveloped world to gather enough money from the first world countries to actually go live there as well. A whole life change in just one currency.

If you can find a job that is paying you 100 bucks a week that is about 5.2k a year and I know its still not enough to live in a country like USA for example or UK but it would be not that bad to live in an eastern European country for example, still not rich, quite poor but I would rather be poor in a eastern European country like Ukraine then live in a Sudanese village for example. That is why it is always a great thing to bridge people worldwide with bitcoin financially so they can save themselves from the impending forever starvation and just give them a boost.

[binhvo1505]

               
                                       
                     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…

No, you are right. You do not worry excess. I feel that using an electronic currency with high technology is unreasonable. now many people in Africa still do not know computers or crypto and many people do not want to use computers.
So far, I have never appreciated the use of this electronic money. it should only be a high-speed money transfer tool, that's what we need. We have fiat money and I think it's great.

[BitHodler]

Bitcoin's cost effectiveness was always a secondary consideration. It was just one of those things which happened to work out with Bitcoin's decentralization at the time. Things have changed since, and it's not even always true nowadays anymore with fees surging every now and then. The poor can't afford to wait for fees to go down to spend.

The main chain fees are definitely not stimulating use in third world countries, but that's what LN is for. Technically speaking you only need to download and install an app and you can instantly receive payments.

It's already possible on a smaller scale right now, but with time it will grow large enough to please the group of people being open to it. I doubt all people will use LN, which just isn't realistic.

Just like there are people who use PayPal, there are people who use other financial institutions that offer a similar service. Competition in the payment industry is extremely tough, and Bitcoin will struggle too.

It's going to be interesting to see how Libra will be adopted when it finally launches. Many people in third world countries do have a Facebook account, so the step to Libra isn't all that hard.

Libra will also enable payments between family members which brokers currently charge 10% of that amount as fee, so we'll see where it goes.

[jseverson]

Bitcoin's cost effectiveness was always a secondary consideration. It was just one of those things which happened to work out with Bitcoin's decentralization at the time. Things have changed since, and it's not even always true nowadays anymore with fees surging every now and then. The poor can't afford to wait for fees to go down to spend.

The main chain fees are definitely not stimulating use in third world countries, but that's what LN is for. Technically speaking you only need to download and install an app and you can instantly receive payments.

It's already possible on a smaller scale right now, but with time it will grow large enough to please the group of people being open to it. I doubt all people will use LN, which just isn't realistic.

You need to pay to open channels though, which may not be ideal for some people. Off chain solutions certainly help, don't get me wrong, but I simply disagree with the notion that Bitcoin was built to help the poor. It can, but Bitcoin is inherently anarcho-capitalist in that it promotes a free market resistant to outside interference, which is far from the socialist expectations of equality some people seem to have.

[fullhdpixel]

I know where your realizations are coming from but you underrated bitcoin and the blockchain technology itself. In reality, there are people who weren't able to afford the internet, mobile phones and other type of access to the internet. However, if our government will make a good step and make a solution to this kind of scenario, they will gonna be a part of this advanced technology by bitcoin.

I bet, you are pertaining of remote areas where in education is not that prioritized. But I am very much optimistic with the future with bitcoin. The only problem here is the adoption of new things, we have to educate those people who are unprivileged enough to go to school on how this digital payments works.

We will definitely get to that age of time where the world population entirely will be part of technology and able to operate it, but that will never happen in our generation. To get to that stage where every blessed souls on earth gets exposed to technology and are able to use it, we will be talking about another 1000 years to come, so we should just forget that everyone will use Bitcoin which is why it becomes not realistic for cryptocurrency to make Fiat usage die off. No matter how much we science try, there will always be under developed worlds, and not even Bitcoin can have solution to their development.

[Cnut237]

There are various projects in crypto to 'bank the unbanked'. Bitcoin at the moment probably isn't the answer as there are smaller, more nimble coins to fill that particular gap.

However the issue here is inequality. A global currency and global government might do something to help, might not. What we can do as individuals is to work to reduce that inequality. Fundamentally it is an inequality of opportunity. I get to buy bitcoin and other cryptos because I am fortunate enough to have been born and live in a rich Western country. I have little doubt that if I'd been born in a poor country, I'd be more concerned about famine, disease and war than about where I could buy crypto.

So what can we as individuals do to help remedy the situation? We can try to vote in governments that will help, but we can also give to charities that will assist people. There are plenty of good ones out there. Personally I use this online charity evaluator so I can make sure my money is going to the best place: https://www.givewell.org

If you want to get involved on a more personal level, there are opportunites to help specific individuals through schemes like this one: https://www.deki.org.uk

Crypto may help in the end, but we don't need to wait for that, we can help right now.

[webtricks]

               
                                       
                     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…

So why do you think everyone should have access to Bitcoin?
Bitcoin is no longer poor people's money. Owning Bitcoin has become luxury in 2019. Even 100th fraction of Bitcoin cost $110 nowadays. With increased prices, fees is also sky-rocketing. You have to spend $2-3 atleast to send Bitcoins. No sane person would like to spend $2-3 everytime buying any goods or services. Under all these circumstances, utility of Bitcoin has now been limited to investment only. Now tell me how many poors invest money? They hardly able to fulfill their necessities, why would they invest in something like Bitcoin!
So I really don't see any dire need of introducing everyone to BTC.

[FanEagle]

I don't think the cheap fee is just a secondary good thing that suppose to be just supplementing the decentralized ways. I don't know what satoshi was thinking or what he would have wanted as the creator of the original concept and the first block but in the end I am pretty sure that core team likes the idea of cheap transactions since they have been working on both segwit and lightning network and want to make it as cheap as possible. That is why I honestly believe that we should be focusing on helping them out and making it cheap since if we get to even a higher stage than the prices will become insane once again which would throttle the increase of bitcoin once again and would cause it to drop back in price since people may leave because of it. That is why we should make it as cheap as possible to make the price go higher.

[Indamuck]

Countries like the United States want to keep labor cheap in those countries so as long as the USA remains the dominant military power nothing is likely to change.  Bitcoin won't life those countries out of poverty since very few of the people were ever in a place to own any.

[iMark]

               
                                      
                     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…

Worry is a natural thing, and it proves that you still have a sense of empathy for fellow humans. Inequality has been around for a very long time and it has become the main problem of every country that exists, there are people who are very sophisticated but there are people who have never even known about internet, but in the future I see improvements, people are increasingly aware of technology, but the point is to improve the economy in that country, then this imbalance will be resolved

[salty]

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.

That's the thought we all have to hold on to.Many on the forum have forgotten,and some still do not know the real purpose of bitcoin.Me also afraid of the amount invested by all the world in Weapon, that kills us!!!Are we so crazy Homo sapiens that we are willing to invest more in weapons than to help others?I do not know what weapons will fight in the Third world war, but in the Fourth will fight with sticks and stones. — Albert Einstein.

[Ozero]

Here it is also necessary to remember about the risks to which persons engaged in cryptocurrency. Well, as long as it grows and develops. However, it is enough that due to negative information a panic rises, and according to the domino principle in one day the entire cryptocurrency market may collapse. Therefore, the issue of attracting poor people to cryptocurrency should be treated very carefully.

[jack8989]

 I think that's normal. Just as when the internet began to appear in developed countries, less developed countries were ignorant and they could still live normally.
Least developed countries will have their other professions.
and you should not be too worried, the decentralized market will never be as big as other financial markets. it will only keep to some extent.
therefore, less developed countries do not suffer too much without knowing crypto.

[TheCoinGrabber]

I don't see any problem. There are multiple ways to access the internet and bitcoins might even develop to the point that the users might not need to have a constant internet connection. For example they might only need to go online for a few minutes when converting their bitcoins for fiat (which is how it usually is in these countries).

[beerlover]

The risks and rewards are a lot bigger in underdeveloped worlds. When someone works for pennies on the dollar for someone in the first world they are risking their time to go to waste if the price of bitcoin falls, they are also risking unemployment as well. It is quite important for these people to make sure the money is coming in all the time, yes it is easy because 100 dollars could be all months salary for them but at the same time if they lose that 100 dollars a month then it is even harder to live for them since they are already in a third world country.

So, all in all it does provide with better rewards for someone in the underdeveloped world but it also causes a lot more risks. If you can take advantage of it, you can literally have better life people who work countless hours but if you get screwed you will have a lot of troubles.

[Aveatrex]

The risks and rewards are a lot bigger in underdeveloped worlds. When someone works for pennies on the dollar for someone in the first world they are risking their time to go to waste if the price of bitcoin falls, they are also risking unemployment as well. It is quite important for these people to make sure the money is coming in all the time, yes it is easy because 100 dollars could be all months salary for them but at the same time if they lose that 100 dollars a month then it is even harder to live for them since they are already in a third world country.

Yeah, but I don't think that investing in Bitcoin is interesting for under developed world,the interesting part is that they can find some work in the crypto world paying good enough for their survival when compared to the very little rewarding and available work they have locally.

In some countries like Venezuela, people are making a loving out of games that have real cash economy like RuneScape, they farm the in game gold and sell it even if they only few bucks every day which is enough for their survival. For these people, cryptocurrency is a life saver since there is a lot of opportunities to earn some cash without actually investing.

[romero121]

Bitcoin usage keeps growing, but the same in terms of percentage compared to the fiat usage is very low. Compared to the world population people who haven't got used to card transactions were quite big. This way bitcoin market and acceptance getting widen won't disturb the world economy. Without internet and electricity nothing work in an efficient manner.

Internet hasn't reached more remote locations till date, through solar power generators electricity is being used by people over those localities. This way it isn't that easy to reach a massive use of bitcoin among the common people. The growth over the under developed world is possible only if the acting government takes steps forward.

[fullhdpixel]

I don't see any problem. There are multiple ways to access the internet and bitcoins might even develop to the point that the users might not need to have a constant internet connection. For example they might only need to go online for a few minutes when converting their bitcoins for fiat (which is how it usually is in these countries).

Bitcoin is a product if technology, and technology can advance at any time to any point that you may never believe will be possible, in my country, we have digital payments system set up inplace already, especially that of traditional banks which makes them always encourage cashless system, and they have also developed to the extent that you don’t have to go online to make payment, you can just load your money from your account into a little chip that works offline.

Also, I think this can also work in crypto too, where you can transfer some of your bitcoin into the magnetic chip and then take it to any merchant to just use a machine that will be design for it to read it, but before we can get to this stage, government must have fully regulated the cryptocurrency.

[Oilacris]

Bitcoin usage keeps growing, but the same in terms of percentage compared to the fiat usage is very low. Compared to the world population people who haven't got used to card transactions were quite big. This way bitcoin market and acceptance getting widen won't disturb the world economy. Without internet and electricity nothing work in an efficient manner.

Internet hasn't reached more remote locations till date, through solar power generators electricity is being used by people over those localities. This way it isn't that easy to reach a massive use of bitcoin among the common people. The growth over the under developed world is possible only if the acting government takes steps forward.

Not only on remote places which doesn't have an internet.Consider also to those place have connection but still people isn't aware on crypto's existence.Why?

Two various reasons,either its being blocked and highly discourage on their own country/government or just simply ignore believing that this is an another
internet scam exist online.

[bitgolden]

Bitcoin usage keeps growing, but the same in terms of percentage compared to the fiat usage is very low. Compared to the world population people who haven't got used to card transactions were quite big. This way bitcoin market and acceptance getting widen won't disturb the world economy. Without internet and electricity nothing work in an efficient manner.

Internet hasn't reached more remote locations till date, through solar power generators electricity is being used by people over those localities. This way it isn't that easy to reach a massive use of bitcoin among the common people. The growth over the under developed world is possible only if the acting government takes steps forward.

I don’t think that number of people that can be counted as under developed is really enough to really stop bitcoin from functioning well and gaining massive recognition because if you consider the level of literacy in the world, it is quite far lower than the number of literacy, wherein those who have at least sound knowledge of technology among them too is very high.

I think that figure is quite enough to keep cryptocurrency functioning well, as I speak, ever since gsm has been introduced, we still have some remote part of some cities of the world that are yet to even know what those gsm is all about, but that still has not stopped the gsm from functioning well, so same way that bitcoin technology can grow very high without those people and maybe get to them with time.