Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
SamPo
on 28/12/2017, 03:01:15 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 agree, Generally, it will not end poverty in just one tick of a clock, we must consider the capability of the poor on how they will know and earn in btc. It may help a person to grow but not the world as a whole.