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.
Bitcoin does not help poverty but the involvement of the people themselves who can use bitcoin for the desired needs. There are still many people who have not accepted bitcoin as an investment and bitcoin is only legal to use as a means of transaction in certain areas such as the example of El Salvador and several other places. Bitcoin can be said as a tool to reach the stage of financial independence and it depends on how far people can develop the investment they are living.
When the involvement of bitcoin for someone is only a small and irregular part of investing, then bitcoin will not be able to bring people to the stage of financial independence and indeed the idea of decentralization is an advantage that it has and makes many people feel free in investing without the need to involve a third party.
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.
Even though the of a peer to peer transaction mechanism applies to most people, fiat is still very much needed for now and there is no excuse when your country still enforces fiat as a legal means of transaction and regulations regarding bitcoin have not been fully accepted.