Quote from: Hhampuz on August 02, 2017, 06:11:18 PM

So with all of this new money being created out of thin air basically (yes I know this is a term often used to bash on bitcoin, but in this case you have to agree that it is true). Why don't we just keep forking Bitcoin once every year or so and save up all the newly created money in a fund that will be used to stop world poverty? Seems to be as good of a reason as any.

People are either:

A) Laughing at the fact that Bitcoin did "split" and increased it's marketcap with over $6 billion dollars overnight or
B) Don't understand Bitcoin but don't want to invest because of all this shiet.

I'm so fed up with it all, it is a joke, nothing more and nothing less.

Fuck Roger Ver and his merry band of rich kids only looking to get richer.

Because global poverty is not really based on money alone. Its based off of power structures that are hundreds if not thousands of years old. Bitcoin would not solve global poverty because it would have to also change all the non-monetary forces that ensure poor nations cant be self-sufficient.

Honestly, I have been looking into an alt-coin called Ambrosus (the token itself is called Amber). This coin is aiming at regulating the food supply industry and could really help poor countries gain back control of their farming and food production (and not need a US or European corporation to fund it). This is a better approach. By solving one issue at a time related to poverty, cryptos will be able to address the symptoms of poverty and eventually reduce the need for centralized banking authorities that use poor nations as cheap labor or resources.

I think cryptos are the answer to world poverty; bitcoin alone however is not.

-HC