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Third-world countries are those countries which are still developing countries and rely with the help of those which are already second or first-world countries , such as the US. What could be the impact of Bitcoin adoption by these third-world countries in their economy? What could be some advantages and disadvantages, and as well as what could be the possible challenges before adoption would be possible?
Governments depends on tax, without tax a government would be poor and with been pure they have no power I have seen so many unfair contracts made by the government of my country concerning minerals oil etc. This is because the country lacks capital to dig those minerals on their own and yet they need money so they are forced to make those contracts. Here is my concern when crypto goes extreme in a country like this it would be the worse case scenario, it is a good thing in many third world countries crypto has not known and used by many South Africa is not a third world country but see how they panic with so many people been using crypto and thus they government does not get much tax from such user. e With crypto governments can many laws about, yes I agree, but they are laws they can not enforce. Would the third world countries survive?