Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
jhannlenris
on 02/10/2017, 06:08:42 UTC
Bitcoin cannot end world poverty, education does. Based on the interview from your link, bitcoin would give all kinds of people to own something. Make something a property that can be used as collateral. Now, for example, a person without education obtained 1BTC. How would that person make use of the money without knowledge of the system? I'd assume he'd spend it all in one go without regards for the future. Do you believe that knowledge is power? For me its Yes. Without knowledge of marketing you cant multiply your income even you win in a lottery with million dollars prize,  its useless if you didnt know how to manage your money properly. How the rich people become more richer? And the poor are become more poorer? Its simply because of their knowledge.