Quote from: SOKO-DEKE on June 29, 2023, 05:44:08 PM

Quote from: Forever101 on June 29, 2023, 09:57:20 AM

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.

Sincerely, I think that certain people's lives have been considerably improved by Bitcoin, but only those that adopted it and made investments in it at is early stage when it come to existence or people that may have money to invest in it.However, I wonder how many poor people will have the chance to invest in Bitcoin when many people cannot afford to feed themselves three times a day due to this challenges of bad economy we are facing in world. infact even government regulate Bitcoin,it is only people that money that will invest.in short the basic goal of Bitcoin is to provide individuals with the chance of freedom through decentralization, enabling them to manage their assets independently of others.i don't think is purpose of eradicating poverty in the word.

Yes, early adopters of Bitcoin have indeed profited enormously. Yet, this does not discount the potential for Bitcoin to uplift many people from the shadows of financial exclusion. The power of Bitcoin lies in its accessibility, its universal availability without the need for traditional banking infrastructure.

Consider regions with low financial inclusion, where the nearest bank might be hundreds of kilometers away. With just a simple smartphone and an internet connection, Bitcoin can offer these people an avenue for savings, investments, and secure transactions. Is this not, in its own way, a measure to combat poverty?

Admittedly, the initial cost of investment might be a barrier for some. But lets not forget Bitcoin's divisibility - one doesn't need to own a whole Bitcoin. Even a fraction could increase in value significantly. As for government regulation, it might add credibility, encouraging more people to invest, potentially driving the price up, hence benefiting those who already hold Bitcoin, regardless of their economic status.