Post
Topic
Board Economics
Re: THE BITCOINS AND THE UNDERDEVELOPED WORLD
by
avikz
on 18/06/2019, 03:07:24 UTC
               
                                       
                     
THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND

             As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries. 
           
             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…


Among the world population of 7 billion, estimated 1.2 billion population is still outside the reach of electricity. So if Bitcoin is accepted as a world currency, these huge amount of mass will become even more poorer! But I don't see any chance of this happening! Bitcoin will NEVER become the world currency!

It will either be adopted within the mainstream economy or continue as a parallel economy like today! But when you talk about worries, obviously we need to worry!

When people are aiming to reach Mars, 16% of the world population living in extreme poverty as per the benchmark set by world bank. It is indeed a big reason to worry as a human.