cryptocurrence progressing in poor African countries full of wars?

[give]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

[th3nolo]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

Crypto It's an easy way to carry your wealth to other countries without any complications.

Now imagine choosing gold over crypto, it's easy to spot anyone carrying gold, but it's hard to tell if you own cryptocurrencies and also, most people in Africa are unbanked, being honest there aren't too many options to protect your wealth in Africa

[fiulpro]

Government can control your bank accounts , when the war is going on they can do anything and tamper with it , but no one can tamper with cryptocurrencies, simple reason:- because they can't .
They don't hold the key to it , they are not in control of it.

During war it is extremely important to have someone to help you out with that time , financial things are bound to fall , Bitcoin on the other hand is something that is related globally thus it would still flourish and you can still make some profit even if the situation at home is bad.

[ityandsyn]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

       In time of war, crypto currency will help people to hide their money or something like civil war , this gonna be the exact currency to convert for those who have plenty of money , since all you save and keep is private keys of their wallet .

[bitkanu]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

       In time of war, crypto currency will help people to hide their money or something like civil war , this gonna be the exact currency to convert for those who have plenty of money , since all you save and keep is private keys of their wallet .

African people need a reliable currency that can really be turned back into something valuable and without all the hurdle, using bitcoin does make sense if you are in a time of danger, it doesn't have physical form so that no one can take it away from you forcefully. There's no currency more suitable for that I guess.

[avikz]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

The main financial issue in the African countries is that there is not parity in wealth distribution. Bitcoin or any other cryptocurrencies doesn't have the power to resolve this issue! The only good cryptos can do is that people will have control to their own wealth where government can't interfere! However, the main reason why majority of the African countries are in bad state, is the failure of their governments. Otherwise, Africa sits on the richest mineral and diamond deposits, they can be the richest continent on earth. But due to failed administration, they have become the poorest continent! Blockchain or cryptos can't do much unless the governments want it, apart from having control on their own wealth!

[Kakmakr]

The primary use case for Bitcoin in this war scenario is to protect people's wealth, because they can convert their wealth into Crypto currencies to protect it's value from the depreciation that would occur, when local fiat or reserve currency's value plummet.

Bitcoin is also borderless, so even if the country place restrictions on the amount of currency that can be taken out of that country, people can still convert their wealth into Bitcoin and flee their home country with all their wealth and not just the portion that the government allow. 

Why should your personal wealth suffer due to politicians and governments mistakes?

[Julunguul]

Government can control your bank accounts , when the war is going on they can do anything and tamper with it , but no one can tamper with cryptocurrencies, simple reason:- because they can't .
They don't hold the key to it , they are not in control of it.

During war it is extremely important to have someone to help you out with that time , financial things are bound to fall , Bitcoin on the other hand is something that is related globally thus it would still flourish and you can still make some profit even if the situation at home is bad.

Whether there is war or not, I don't think Bitcoin and Crypto really do not carry and are not affected by things like that.
Because basically the cause is the situation in the country. We know today that bitcoin is often a trading tool, but as long as it doesn't change completely in global trade, I don't think it can affect more

[YuginKadoya]

If wars were inflicting in a country then I guess online things would not be possible if war is breaking loose, But in a poor country that has poverty and affliction I guess this can make a downtrend economy to sure struggle in gaining momentum, Where this kind of technology is uncontrollable by the government they can sure use its transaction for their benefit,

That is why the banks and the government call the system off cryptocurrency broken because there is no stability with their value, But that is why investors are getting with the platform because of its volatility and the financial freedom that it can give to certain individuals, But if they can truly work it out correctly.

[xWolfx]

Just like every poor country can benefit. As means to conserve value.

In countries where really inflationary rates it's great, just like the fiat of a developed country. But if it turns out you like innovation as well you can put in your grain of sand towards improving the technology and making it grow.

Everything needs to mature and grow because the best possibilities become available.

[yohananaomi]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

it's hard to imagine what you say, where we know crypto needs a good internet connection, what about poor and warring countries that can make crypto transactions perfectly. obviously there will be a problem but clearly if used for storage, surely crypto is very safe and very reliable.

[kryptqnick]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

Crypto It's an easy way to carry your wealth to other countries without any complications.

Now imagine choosing gold over crypto, it's easy to spot anyone carrying gold, but it's hard to tell if you own cryptocurrencies and also, most people in Africa are unbanked, being honest there aren't too many options to protect your wealth in Africa

I don't think it's because of caring the wealth thing. One thing is, surely, that they are not so deep into the banking system, so it's easy for them just to opt for something newer and bureaucratically easier. Another thing is that in unstable regions there're usually serious problems with the economy, so their fiat might be too terrible for them to choose as a means of storing money. Not to mention that cryptos open up new opportunities in terms of jobs, and citizens of countries in this region don't tend to trust their governments, so cryptos are naturally more attractive for them.

[hatshepsut93]

People think that Bitcoin is so easy - just download a wallet and use it, but in fact there are many requirements that people in extreme poverty and harsh conditions, like African warzones, can not meet. You can't use Bitcoin without Internet and some sort of electronic device, which already puts millions of people away, then you also need education - basic computer literacy, knowledge of english are bare minimum, but to use Bitcoin effectively a more advanced knowledge is required, otherwise people risk losing their money to malware, fake wallets and such.

So, while some people can use Bitcoin in those zones, and get benefits from it, when they need to safely store and move money, or hedge against weak local currency, Bitcoin can't be adopted on a big scale.

[rdluffy]

I'm sorry to say that but sometimes you guys lose your minds, obviously cryptos can benefits the world, but a huge amount of people in Africa barely have their basic necessities like security, food, education and health care
No matter how good is BTC, people need those things first

[bitcoindusts]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

If the country is in war, it must be chaos and the government is busy with other affairs and more focused on the present problem of the their country, I thought of one good possibility, that there could be no regulations for cryptocurrency but I’m not sure and people can also freely use crypto in illegal activities. Only my opinion. 

[akamit]

Otherwise, Africa sits on the richest mineral and diamond deposits, they can be the richest continent on earth. But due to failed administration, they have become the poorest continent! Blockchain or cryptos can't do much unless the governments want it, apart from having control on their own wealth!

I pretty much agree with avikz.

If Africa doesn't have the ability to stand as a better continent despite they have the most valuable minerals in their lands than how a cryptocurrency will help them to benefit from. Maybe some African nations are doing good now, but most of the nations are still struggling with wars.

The nasty politics and also the first world manipulation will never let Africa stand on their own until they suck out all the minerals they got imo.

I have seen some images where African locals work in gold mines as labor for foreigners but they don't have the ability yet to mine on their own. Why do governments lease the lands to outsiders?

[Mihawk]

Any person or even country independent of their marital status will have access to benefits and information with any blockchain, mainly from Bitcoin.

[pooya87]

they don't.
despite what you may think, blockchain buzzword and bitcoin are not some magical solution to solve every single problem in the world. people in poor countries, specially with wars, domestic or otherwise, aren't really thinking about using something new that they hardly understand. they have more pressing concerns ahead of them such as basic human needs for survival.

[Getmon]

how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

Well, the blockchain technology is transparent, meaning to say it is open to the general public. In countries full of concealed transactions, blockchain is a better option. And of course, these kind of countries are too centralized as to focus the power only to the ruling person or party. Cryptocurrency is therefore a viable option. However, the problem, and it is a huge problem, is that the common people might be deprived of the technologies that would allow them to use blockchain and crypto. They might have no access to electricity, much less to computers and the internet.

[jake zyrus]

It helps to keep their wealth and money safe. And to avoid other people touching it. If there are war, its very helpful since it can avoid getting steal by anyone.
The government cant also touch your wealth unlike the banks that are centralized. No one has the power with your own wealth except you.