Post
Topic
Board Economics
Re: THE BITCOINS AND THE UNDERDEVELOPED WORLD
by
wozzek23
on 21/06/2019, 06:54:02 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…

Development is a process, it is not everyone on earth that will ever be exposed to technology, until some generations gradually goes off the face of the earth, satoshi too does not expect everyone to use cryptocurrency, he created it as an alternative which even has limited supply, which is why Fiat will never go off the face of the earth for the sake of those under developed world.

There is nothing much that you and I can do to change this, we will just allow nature to gradually take its course and time passes by. If we are to even try, we have to first eradicated illiteracy completely from the earth, without eradicating illiteracy, there is no way technology can fully take its course for crypto to even spread worldwide.