Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
teamcryptonator
on 24/11/2017, 21:33:04 UTC
Bitcoin is not a magic wand which will end world poverty. It simply doesn't have the power to end such a massive thing. Also bitcoin is not a payment system anymore. We have moved to a different goal long back, when the confirmation time increased and transaction fees hiked. These confirmation time and transaction fees is going to be increased again and again. So we will move from the initial goal further.

Bitcoin has now purely became an investment asset. IT can provide a huge return which any other conventional investment will never be able to offer ever. So I take bitcoin purely as an investment and a trading asset. I earn profit  and keep it for the future.

I completely agree with what his said about bitcoin being an asset, besides how can any cryptocurrency be a way to end any kind of poverty? not everyone has a smartphone or a decent computer, we are just not there yet. However, I think majority of us can argue the "magics" brought by blockchain technology.
Yeah, blockchain technology is great invention and also the most frightening in the history of mankind to this day. Depend on the field used blockchain for using, it can changes anything to become the heaven or hell Grin. Cryptocurrency can make the life of government become the hell, in my opinion Roll Eyes