Quote from: Tellek Garing on Today at 05:45:32 AM

Bitcoin alongside other cryptocurrencies has aided the economic development of many countries.

Name one!

Quote from: EL MOHA on Today at 06:10:01 AM

Bitcoin has played a significant role in how transactions in developing countries are conducted at international level and also aided in them having something to invest or save their money into without been worried in any way of devaluation.

Name a second one!

We're still stuck on having this kind of topics and people really don't realize how complicated the situation is and why a country facing inflation and devaluation can't find refuge in Bitcoin!

There are two situations:
- the individual, he uses his money he buys Bitcoin he has now put a bit of his wealth in safety against inflation and devaluation
- the country, far more complicated as poor country that face inflation also faces devaluation of their currency. Buying bitcoin at a large scale won't solve the problem it will actually make it worse!!!
Why? Simple, the Weimar Republic!
The country would have to spend its own currency on buying hard currency in this case Bitcoin, but nobody wants crap coins like Argentinian pesos or Russian rubles or iranian rials, so by them trying to buy Bitcoin they devaluate furthermore their crappy curency, so ending worse and worse and making inflation also worse.

Bitcoin won't save a country, gold didn't save countries in economic peril in thousands of years of gold standard, so neither will a bunch of code that wasn't really designed for that.

Now if you don't believe the theory how about this:

Over 50% of Turkey’s Population Invests In Crypto
https://beincrypto.com/turkey-crypto-adoption-bitcoin-dominates/
vs

Quote

Argentina and Turkey are currently experiencing the highest inflation rates in the G20. In January 2023, Turkey’s rate was 57.7%

You have half of the population investing in crypto and you still have one of the highest inflation in the world, so how exactly did buying crypto help the country?