Quote from: demonica on Today at 12:01:57 PM

Quote from: DYING_S0UL on December 25, 2023, 07:59:29 PM

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

It may have been possible for some people but definitely won't have the same results for everyone who will go into Bitcoin. Bitcoin can be a powerful tool for a person to have a better financial status, and it's also the same with other tools such as paper money, cc and etc. But it doesn't mean everyone can be lucky. So if one person was able to escape poverty thru Bitcoin, it doesn't mean everyone who'll get into Bitcoin will also have the same fate. So I don't think Bitcoin will have such great impact in reducing the poverty. There's such a big population of poverty all around the world, and probably only around 0.00001% of it can have the skills, knowledge, and opportunity to be successful financially with Bitcoin or crypto in general... Though I agree that having knowledge and background in Bitcoin gives you advantage to find more opportunities in becoming rich or achieving financial success.

Bitcoin isn't a cure-all for poverty, but ignoring its potential? It's short-sighted. Not everyone will succeed with Bitcoin, but that's true with every financial tool, right? Opportunity is crucial. Bitcoin opens doors but doesn't ensure entry. That's fine! Let's talk numbers. I understand poverty is serious. So only 0.00001% may succeed? Bitcoin's power is underestimated. It goes beyond 'being lucky.' It's about global financial access, especially for the excluded. Despite its smallness, it advances financial inclusion. And every step counts.

Knowledge is power. Understanding Bitcoin is about joining a financial revolution, not just getting rich. The way you use it determines its usefulness. Let's not underestimate its potential. It's not perfect, but it's a decent start.