Post
Topic
Board Bitcoin Discussion
Re: Quality discussion
by
squatter
on 06/11/2018, 22:23:58 UTC
Ostensibly most topics/threads on this section have actually been discussed multiple times and hence a sequel of the last discussion,so I thought it wise to come up with something novel..

You might consider changing the thread title to the actual topic to avoid confusion.

There happens to be plethora of problems the bitcoin solves in its own way, but I think myself and 85% other bitcoiners would agree that the major issue the bitcoin puts a halt to is poverty(as it provides financial freedom)...uhm,...thats not to say that many bitcoiners weren't rich or more so comfortable before the inception of the bitcoin,but it sure does contribute it's own fair share of financial freedom and makes the rich richer and the poor,rich

Now the point of our discussion
I'm going to provide three groups
1)3rd world countries/underdeveloped countries
2)Developed countries
3)Developing countries

Each and everyone of us happens to live in one of the aforementioned groups,so with reasons let us know in your opinion which of this groups(countries)the bitcoin has had more of an impact on and why you think so(outlining at least one problem it solves for the individuals in such groups/countries)

If Bitcoin catches on globally, then those in unbanked countries outside the legacy banking system will benefit the most on a fundamental, use-case level. Censorship at the banking level affects entire countries -- Syria, Nigeria, Iran and others. Residents of these countries are unable to remit money internationally, cannot collect payment for online work, etc. In these cases, cryptocurrency can be quite empowering because they're permissionless and censorship-resistant.

If we're talking strictly about profit from price growth, then developed countries will generally profit the most, because that's where more wealth and more robust investor classes are concentrated.