Quote from: Agaguk24 on September 06, 2015, 04:26:35 PM

The future of Bitcoin starts with the poorer countries in my opinion. Many people in cities now in Africa, as an example, have smartphones; yet they still rely on their national currencies or the US dollar, and these national curencies are plagued by high inflation and corrupt governments.

Mexicans who come to work here, in Canada, right now still rely on Western Union to send their hard earned money back home, and get exploited with very high fees that eat into their gains.

I realize people from developing countries are slow to adopt Bitcoin, but it is them who stand to gain most by adopting it first...

I agree with this opinion, in the case of Argentina, those who realize the potential of bitcoin use it as a refuge since the Argentinian peso is much more volatile than BTC; retirees and savers are tired their savings decrease by 18 times in five years through succesive devaluations. Poor countries have the handicap of education and access to computers but it is said necessity is the mother of ingenuity. As soon as more people in poor countries realize that BTC is a way out to protect themselves from their own corrupt government which over inflates taxes they will start to adopt it. DR Congo taxated so much every industry in its country that the only one that flourished there was bulb/flower industry because the government overlooked and didn't taxed it as high as the rest so it was the only place where new bussinesses could grow and develop.

Or China that imo helped drive the btc price up before its government intervened in early 2014 because before, as Agaguk mentioned, chinese inmigrants had to use Western Union to bring back their money to China, many risked it and hide wads of paper money trying to get through the airport, there you have a limit of 10k $ I think to carry with you without declaring it to the IRS. Imagine when you can load millions into a SD card and carry it with you without declaring any of it to IRS. It is one of the darker sides of btc but to many enterpreneurs is an attractive feature more so if the country you live in has high taxes.