Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Legasean
on 27/09/2016, 09:31:31 UTC
Bitcoin cannot help a poor country. I have the following reasons which I would like to site:

Low Internet access - If people cant access internet how will they even know about bitcoin let alone do transactions through it.
Low Security measures - totally insecure to them since they have very low knowledge
Low Fees for miners - This will hurt miners
Low usage - People in poor countries are "Poor" - they need more time to work hard and earn Fiat, since they are poor they would never accept bitcoin as primary source of money and would never believe that it is secure as well.
Do you really think that bitcoins can help poor countrys i dont think so because i know that the bitcoin will only help people who are rich because do you see the price if you are poor you can tbuy bitcoins at the moment.