Post
Topic
Board Bitcoin Discussion
Re: Bitcoins and it's potential
by
CoinJoker69
on 29/06/2023, 10:53:42 UTC
I have studied and argue about Bitcoin some topics which I posted and also came across in other board. Today I begin to think about the whole Idea of Decentralization, and I think the inventors of bitcoins since the idea was conceived till it was birthed has done the greatest good to humanity. With my view as at the time of writing , I think bitcoins will go long way to reduce poverty if they allow it achieve it's purpose.  Reducing poverty in my context is not about profit but the peer to peer transaction mechanism. The idea of centralized exchange is very much in place because a lot of people are yet to accept bitcoins but once it become accepted by majority, I think there will definitely be no reason to convert to fiat.
Bitcoin by itself is not a magical solution to eliminate poverty. However, he helps people to receive money in one country and transfer it to another, which can only simplify life. Also, due to the lack of intermediaries as in offline business, you can develop your small business and run away from taxes in some countries)