People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor.
#1 BTC provides banking services to the unbanked Millions around the world who cannot qualify for a bank account use BTC to conduct business and make electronic transactions.
#2 BTC allows immigrants to send money to families back home Immigrants from cuba, the middle east and other nations who travel to the USA, europe or asia. Use BTC to send funds to their families back home.
#3 BTC empowers nations with troubled economies like africa, the philippines and venezuela It provides a means of income to help stabilize dwindling economies like venezuela's. Provides options and opportunities to those in africa and the philippines.
There are other examples but I think people might get the gist of this without them.
Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.
One good reason.
Bitcoin helps the poor.
#1 BTC provides banking services to the unbanked Millions around the world who cannot qualify for a bank account use BTC to conduct business and make electronic transactions.
#2 BTC allows immigrants to send money to families back home Immigrants from cuba, the middle east and other nations who travel to the USA, europe or asia. Use BTC to send funds to their families back home.
#3 BTC empowers nations with troubled economies like africa, the philippines and venezuela It provides a means of income to help stabilize dwindling economies like venezuela's. Provides options and opportunities to those in africa and the philippines.
There are other examples but I think people might get the gist of this without them.
Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.
please don't count me as a hater, but..
#1 why those who you called poor people not choosing a centralized digital wallet? no bank account needed. most of the digital wallet services in my country offer zero-fee, and it surely faster than a crypto transaction. it just needs a smartphone with a valid phone number.
I assume those people above own a smartphone too because bitcoin needs at least a device to do a complete transaction.
#2 you need to state the criteria of poor people you mention above, because I am thinking of which poor people have family abroad or travel to other countries.
#3 no idea. but how?
and..
# with those points above, it's more like bitcoin as a currency, not an asset. in terms of currency, it means it will be used for transactions. with the high fee problem, do you think it's a good choice for poor people. Also, I believe poor people's first problem is to survive, not about privacy.
CMIIW.