Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Senor.Bla
on 07/12/2016, 07:54:40 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.
i am not sure about bitcoin staying within a country. if you want to do something for the economy, then bitcoin or money in general needs to be earned and spend in india. the question is do you have enough possibilities to spend your coins in india? buy food, pay rent etc?
but you made another good point. the pay is the same for all countries, but in poorer countries it will be more compared to the average income. so people from those countries will have a bigger incentive to learn about the technology so they can make money with it.