THE BITCOINS AND THE UNDERDEVELOPED WORLD
THOSE WHO ARE STILL BEHIND
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 dont feel really concern
Bitcoin is NOT a magic pillYou are aware that you can replace the word
"bitcoin" with
"money" in all your sentences and the problem would still be there. There's a reason why people in the underdeveloped world (dude, it's called DEVELOPING WORLD), have scarce access to Bitcoin, namely:
1. Armed conflict (wars)
2. Drought, famine and unsuitable living conditions brought about by climate change
3. Religious persecution, such as in states where Islam is forced on people through violent means
4. Income inequality brought about by social and class divide.
5. Corruption by the ruling elites
6. Lack of education and infrastructure
You make a big mistake of thinking that
Bitcoin and Bitcoin alone can solve the world's problems. This is just plain naivete. First of all, Bitcoin BTC = is a speculative investment instrument. If more people buy Bitcoin, its price goes up due to the limited supply. If more people start selling Bitcoin BTC, its price goes down. It's called the law of supply and demand.
As a speculative asset, it means that its value can also deteriorate as it can rise. If you are a poor undeducated nomad living in the steppes of Mongolia, can your Bitcoin buy the supplies, equipment that you need in order to survive there?