Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
sapnu
on 21/12/2017, 00:35:49 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 dont think bitcoin can end the world poverty because bitcoin is not already know by all people. It can help the poor but it doesnt solve the world poverty unless it is teached to all people and bitcoin is our primary currency all around the world.