Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
jovs
on 01/12/2017, 13:22:21 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.
Poverty is not a simple issue to solve. Even highly developed countries in the world consider poverty as one of the most difficult problem to solve. Bitcoin can play a part in in the solution, together with the help of market experts, economist and government leaders. But, ending poverty is far more complicated, it needs a lot of studies and strategies that will not happen in an instant.