Post
Topic
Board Bitcoin Discussion
Re: Understanding Bitcoin's Potential Realistically
by
Zlantann
on 14/07/2023, 19:34:25 UTC
I was about to reply to this thread before it was locked by the OP.  Our Vision: How to change the world in three simple steps by Bitcoin"

The discussion raised an important issue that I believe many of us can relate to and should consider. As long-term Bitcoin enthusiasts, some of us have been part of this journey since its creation and we have witnessed its transformative power firsthand. Bitcoin has undoubtedly changed lives and ignited dreams for the future.
The thread you are referring to was just a copy-and-paste information that the OP took from Twitter. He made no input and made the post very difficult to comprehend. The work came up with a template that nations should follow to enable Bitcoin to solve all their economic woes. All these predictions might either come from the imagination of some overzealous individuals to gain attention. I am not underestimating the potential of Bitcoin to contribute positively to the economy of nations, but it is limited by other factors.

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recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world.  

Recently there has been a clamor to de-dollarize the global economy. There are also indications that some groups of nations are strategizing to float a currency that will compete with the dollar. The world is gradually desiring to have a decentralized currency that will not make a single or a group of nations have control over the payment systems of the world. The world is moving toward an era where a single currency printed or controlled by a country will be rejected for a a de-nationalized currency.

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While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism. Placing Bitcoin as a sole savior in solving all the world's problems might not be a practical approach. We should all remember that Bitcoin at its core is a currency meant to serve as a decentralized medium of exchange. We should not bother it with unrealistic expectations.

Bitcoin will not make poor countries rich. It will not also solve all the economic problems of the world. Poor nations will always be poor if they don't do what rich countries do. It is just a currency that will help nations to bypass the manipulative influence of greedy middlemen. It will help nations to have the privilege of carrying out international trade without restrictions. Nations can invade sanctions placed on them using a decentralized currency like Bitcoin.