Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
Linhkej
on 25/01/2018, 07:07:32 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 think bitcoin will greatly affect the economy of the country. It brings a lot of profit to members participating in ICO campaigns or transactions.
If the investors are lucky people, they will have a lot of wealth and I know this very well. I have many friends who have become very rich by joining the electronic money market. Their assets amount to millions of dollars when they buy and sell altcoins. That's my opinion and if you feel this article is less then give me a merit. thanks so much.