Post
Topic
Board Economics
Re: THE BITCOINS AND THE UNDERDEVELOPED WORLD
by
webtricks
on 25/06/2019, 09:48:05 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…


So why do you think everyone should have access to Bitcoin?
Bitcoin is no longer poor people's money. Owning Bitcoin has become luxury in 2019. Even 100th fraction of Bitcoin cost $110 nowadays. With increased prices, fees is also sky-rocketing. You have to spend $2-3 atleast to send Bitcoins. No sane person would like to spend $2-3 everytime buying any goods or services. Under all these circumstances, utility of Bitcoin has now been limited to investment only. Now tell me how many poors invest money? They hardly able to fulfill their necessities, why would they invest in something like Bitcoin!
So I really don't see any dire need of introducing everyone to BTC.