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    Author Topic: Can Bitcoin help poor countries?  (Read 73911 times)
    manyuta
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    November 11, 2016, 10:36:04 PM
     #1161

    Bitcoin is a form of money and as we all know that money alone can't change any country's condition as most of other things are also needed for a nation to prosper and to be self sufficient but in terms of other vices like corruption, black marketing etc bitcoin can very well be the solution
    CORUPTION It is a big problem of most poor countries. Although this malicious phenomenon flourishes in other countries where there are less people's living standards. Poverty is this phenomenon not win and bitcoin is better not even think to direct for these purposes.
    if the government adopts this course bitcoin will make corruption more definitely there will be tax evasion and so forth, so actually bitcoin is not always able to help the country in all respects
    That's hit the bull's eye. Because really bitcoin allow for the development of a black market in general and contributes to the development of state institutions. It will only make things worse. Here I agree.
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