Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
Morning honor
on 04/04/2018, 13:38:04 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.
Yes I agree, it is not  just easy to end poverty. It might be that through bitcoin we could have another source of income but it is hard to sustain the needs of the people with the power of crypto.