Post
Topic
Board Economics
Re: THE BITCOINS AND THE UNDERDEVELOPED WORLD
by
hatshepsut93
on 18/06/2019, 04:54:19 UTC
@OP

Sorry, but helping the poor was never Bitcoin's main goal, Satoshi never mentioned economic inequality in his whitepaper, and attempts to do so in early days, like airdropping coins to the poor, would only cripple Bitcoin, and we would be where we are now if they were implemented. You can try to spread awareness about Bitcoin among the poor people, but I don't think it's a great idea, for many reasons.

Bitcoin is not a guaranteed way to get rich, in fact it can just as easily wreak you financially - you can invest in the wrong time and than sit in a loss for years, you can panic and make trades at a loss, you can fall victim to scams and hacks and lose your investment. Keep this all in mind before giving financial advice to people, especially those who are vulnerable.