Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Patatas
on 01/09/2016, 11:52:54 UTC
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
What is your definition of poor? Technically advanced but economically poor ?Or Both ?
Considering a Nation to be technically poor,there is no doubt that bitcoin will turn out to be a fail experiment.If the nation is economically poor,bitcoin wouldn't help boost it's market revenue since not many people will afford buying it.Fact is,bitcoin isn't a magical carpet to a road to richness but an experimental currency to "transform" the traditional transactions.Bitcoin does not create a lot of job opportunities automatically but instead pays for the existing one in a new fashion.