Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Bestwishes745
on 03/12/2016, 20:18:36 UTC
It's a good idea, all people will be easy to send money so that aid to poor countries be receive directly. From the other side of the economy can also be utilized for the mining venture bitcoin.
Honestly it's true, with the support of the government it would be possible to help poor nation but they have to sacrifice the current player in the remittance business. With bitcoin it's cheap and fast so I do not find any reason why this should not be supported.
Don't you think that such system when bitcoin will be kind of legalized for international transfers and has support from the government it may affect on bitcoin as the currency and add some unnecessary taxes to such transactions?
nope when bitcoin legalization would not be possible for the government to give taxes to the bitcoin users. I'm sure there will not be users who will pay the tax.
legalization of the government will be like a dream to me
It will not remain a dream for longer but the governments will not find any other way instead of giving legal status to bitcoin in their law/state. But still for supporting poor countries it is not dependent on any government to legalize it but if the people from the poor countries start to learn the concept and technology of bitcoin and they adopt it then they will be able to earn their living with bitcoin in the same amount which the people from developed countries are earning.