Post
Topic
Board Economics
Re: Does Bitcoin Help The Poor
by
plvbob0070
on 21/01/2021, 13:18:09 UTC
I somehow agree especially with what you enumerated but at some point, we can't generalize bitcoin to help the poor. It may be difficult for the lower class to have access to the bank but at the same time, they are the ones who also struggle with electricity and technological advancement so even access to bitcoin is still a hard task for them due to lack of means. As someone from the Philippines, bitcoin can indeed help people seeking opportunities like us. But as I have noticed, it's mostly the middle classes who can adopt and benefit from it since it's still difficult for the lower class to adopt and learn about bitcoin.

In conclusion, bitcoin can help the poor with its advantages but only selected people can take it.