Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Daniel91
on 11/12/2016, 15:04:37 UTC
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
I ever read about it, digital currency could change economics of the poor countries. Especially bitcoin which is regardless of inflation like fiat money and the price could support financial of the country. To adopt bitcoin as official currency of the country not so easy in the beginning of course, it need big step to run it properly, but I think they can do it if they want to change without the intervention of other countries.

The poor countries should first develop their infrastructure, educational system, food distribution, availability of electricity, water, Internet etc.
Only after that, they can think or start to plan how to use Bitcoin.
In my opinion, such countries don't have full political, financial or economic freedom, so I don't think that they can accept Bitcoin, completely independent from other countries.
Any way, such countries have other priorities now to solve, and Bitcoin is surely not on their ''to do'' list.