Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Positid
on 07/12/2016, 07:50:20 UTC
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
No taxes from the government that makes the movement bitcoin quickly from person to person  Cool)

For the Asian continent.
-very very help poor and developing countries, due to the widespread use of the Internet for all its territory, so no problem for them to rely on Bitcoin for their needs.

For the continent of Africa and Oceania
-Bitcoin was very helpful though some are still in the HYIP circles and referrals ponzy.

In India, bitcoin can have another benefit. People earning some bitcoins over the internet have a lot more value than to europeans. So having a people earning bitcoins means that more money stays in a country. And its the amount of money circulating in those economies makes people rich or poor. Knowledge is essential as well, especially if its a knowledge about economy and internet. Bitcoin may help those people have motivation to learn about an internet.
The thing is you will only earn if you have the skills to do the job or the skills to make money using your investment. However, in poor countries most of them are not into online which is a hindrance for success to hep them since bitcoin is only done online. It cannot help the majority of the population but could help some of the smart poor citizens like what you've mention the earners.