Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as an opportunity for the unbanked.
by
BenCodie
on 06/07/2023, 12:39:09 UTC
In the world today, many people prefer to keep their money in their house save because of the perceived fraud by our traditional banking system that has decided to rip the populace off their hard-earned money without remorse, through different unexplainable charges, this has changed the mindset of the un-banked because of the complaints coming from the individuals involved in that process, this individual, both the ones that are already banked and the unbanked are looking for alternative other alternative means that they will use to safeguard their wealth.

What fraud is experienced when using a bank, if you are not using their credit facilities? Technically, you shouldn't be scammed by a reliable bank. I don't condone the use of them, though I don't think they are blatant obvious scammers (until they collapse lol)

Financial institutions put up these outrageous charges and unacceptable taxing methods and lend individual money to other people without their consent and unknowingly to them, in return give them interest below what is expected yearly, taking back the interest through taxation and so making their money always depreciate in their bank account.

Unless you get paid directly in Bitcoin, or cash, then you are going to face taxation. There's no way to avoid that, until the system is changed. If you mean inflation is taxation, I suppose that's a fair way of putting it since inflation does stem from central banks and money creation.

I want to categorically tell this set of people that Bitcoin is the way forward for you, bitcoin works for everyone, and the system was designed in a way that every interested person can participate.
Bitcoin allows you to be your bank and be in charge of your money with no interference from anyone. Participation is dependent on your interest, not your identity, that's to say that everyone can be involved without their identity known. Note that blockchain technology guarantees your Bitcoin security, so don't be afraid just give it a trial but with a little money I believe you won't regret it.

Bitcoin is not the answer just yet, though it does present an opportunity to operate partially outside of the financial system. It's still difficult to be 100% bitcoin, unless you are already well funded.