Post
Topic
Board Economics
Re: THE BITCOINS AND THE UNDERDEVELOPED WORLD
by
jseverson
on 18/06/2019, 02:06:08 UTC
             Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…

Your fears are unfounded because it wouldn't matter to them. Most of the people you described are happy just to see food on the table. They're not going to care if they bought it with fiat or Bitcoin. Bitcoin does provide financial inclusion, but the sad reality is that you need to be doing adequately financially to take advantage of it.

At our level, nothing can be done to create lasting impact. Donations can help them not go hungry for a few days, and that's about it. Poverty is not the cause of the problem, it's a symptom. You have to go for the root, whether that's systemic corruption, or ineffective governance, etc.