Post
Topic
Board Economics
Re: LETS KICK OUT POVERTY USING BITCOIN
by
wxa7115
on 12/10/2018, 21:50:21 UTC
So if we focus on the thread title "lets kick out poverty using bitcoin" i would
Love to know how exactly this is going to happen because i cant see it?

Those with lots and lots of FIAT can potentially have lots and lots of crypto.
How are those with very limited resources ever going to aquire a notable
amount of bitcoin?
It seems that a lot of people harbor the hope that cryptocurrencies are going to somehow solve all the problems of the world especially the problem of poverty and that is not going to happen as you say no one is giving bitcoin away for free anymore, you need 6000 just to buy one of it, who has 6000 to spare right now? Even those that are middle class in the United States have almost no savings, not even they can afford to buy a bitcoin.

How people expect that bitcoin is going to be obtained for those that have barely enough to survive? In the best case scenario bitcoin is going to put a stop to several practices when it comes to stealing from the people through inflation and over the long term that could help the economy of the people but nothing more.