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    Author Topic: Can Bitcoin help poor countries?  (Read 73911 times)
    Victorycoin
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    November 19, 2016, 07:10:25 AM
     #1341

    Bitcoin is not some kind of magic pill that can solve all the problems of the world but it can help individuals to protect their financial freedom.

    When Satoshi Nakamoto created Bitcoin, the real intention was for Bitcoin to become this "magic pill". He hoped that Bitcoin will end the exploitation by the banking cartels. Still a long way to go, but if Bitcoin becomes popular, then it is going to be very bad for the banksters.
    Even if bitcoin can help solve a lot of problems it cannot possibly solve all the problems and since bitcoin is such a new technology there is the possibility that new problems arise which are unexpected to everyone.

    Bitcoin can only solve some monetary problems of people living in poor countries by providing them a chance to earn an extra income from internet if they can get to know it or if they have access to internet and computers, otherwise bitcoin can be of no use for them unless it becomes useful in physical world.
    What you are saying invariably is that, all you know about bitcoin is that it begins and ends with earning of some extra income from the internet and that is rather unfortunate.

    You need to see and understand bitcoin for the revelation and revolution that it is. If you have been following the trend, the technology upon which bitcoin was built is fast finding expression in so many issues challenging the society. Like the issue of trust, same technology is being adapted to create trust systems, which is badly needed in every facet of life, especially in poor countries where corruption has been the major clog in their wheel of progress.
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