Quote from: cho on November 22, 2013, 12:45:54 PM

Quote from: niothor on November 22, 2013, 12:26:18 PM

Yeah , bitcoin was supposed to do lots of things.
There are people here that said bitcoin will reduce poverty in Africa (how ? , beats me).

Well , guess what , it doesn't do most the things it was supposed to do , but in the future it might.

It does one thing : it allows verifiable transfer of a fungible, finite thing : bitcoin. That, in itslef (and some other properties), is huge, and explains the interest for bitcoin and its future.
Bitcoin might reduce poverty in Africa, yes, because it might lead, directly or indirectly, to the end of debt money. Understand it or not, but that would be a HUGE change in our current world, and would indeed help reduce poverty, to put it simply.

Of course , that would explain why some countries were poor even before fiat money
And why Greece has gone bankrupt 7 times during the gold standard.