Post
Topic
Board Bitcoin Discussion
Re: The adoption of Bitcoin in poor countries: a source of conflict?
by
kotajikikox
on 25/10/2024, 07:25:16 UTC
Adopting Bitcoin could offer several advantages, such as increased financial inclusion, reduced transaction costs, and protection against inflation. However, these benefits may also raise tensions with established financial systems and governments.
Do you think a poor country will experience peace if it makes such a decision?
When you say tensions with established financial systems, do you mean the US dollar?

We all know that many poor countries depend or rely on USA a lot and they are almost at beck and call of USA. Will adopting bitcoin be almost like a betrayal to other currencies? No. Adoption does not mean it will completely replace other fiat currencies just yet.

But it can certainly help the citizens of these developing countries to economically benefit from adoption of bitcoin. I am sure that the government can use bitcoin to invest in and have additional funds to be used in maintaining and improving the country.