Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
Colt22
on 10/07/2017, 22:48:40 UTC
I don't get it. Why do people post stuff like this. Bitcoin is not some magic method to rid the world of poverty. It is just a cryptocurrency. It is like every other currency other than the fact that it is decentralized. I don't see how this can aid poverty. The only way to get rid of poverty is by doing more philanthropic works like charity and providing aid to countries and people in need. Bitcoin cannot do this any better that fiat and the developed governments in this world. If fact, governments like the US, Australia and other developed countries have a better chance of reducing poverty than Bitcoin.
Because people have unrealistic expectations out of bitcoin, or because they do not really understand bitcoin at all, bitcoin can help us make money, but it cannot help everyone, especially those that do not even have access to the technology to use bitcoin on the first place.
Yes that’s true people are  expecting too much from bitcoin while they do not have fine source of internet with them if one person really want to get rich and want to get rid of his poverty he must have internet connection first then he will be able to start earning through bitcoin.