Quote from: Webetcoins on November 03, 2019, 09:43:22 AM

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Quote from: leftgirly on September 12, 2019, 08:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products.

if the price increase is severe enough it will disrupt the stability of the country's economy. therefore the government is obliged to control inflation every year, so as to encourage economic growth in the country

Do you really think that governments control the inflation. As far as I have read and experienced, they are the main reason behind inflation. Corrupted authorities will never be good for their people. They control us with their tricks. Blockchain can help a lot in order to improve the overall economy of a state but this depends on government itself. Bitcoin can help people at individual level and it should be utilized by every person.

Corruption is the main reason why there are lack of opportunities, lack of success for people, poor infrastructure and mostly the rich person are becoming more richer and richer everyday especially corrupt officuals.

If a certain country will begin to develop and use blockchain still it is not the answer for inflation and to avoid corruption as officials can easily do corruption if they want.

We are living in a time where the leaders do not care about their followers. King care less about his people. It is stupid to expect the governments to be nice if you do not know how to fight for your rights. Corruption succeeds when common people do not protest against it. The best to save oneself from such financial crisis is to invest in bitcoin. No interference of government, a lot of rewards. What else can one ask for?

I think the strongest weapon that a person can wield especially against corruption is to educate the people. It is because of ignorance that the people had been abused by this opportunistic politicians. To relate it with Bitcoin, if somehow a person could simplify the blockchain technology to a level where a beginner could comprehend and would be dedicated to know more about it by triggering there interest would be beneficial to both the cryptoworld and to them.