Quote from: legendbtc on Today at 01:21:57 PM

Quote from: Fara Chan on Today at 09:31:36 AM

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.

What needs to be changed, mate? If in your place not many people know about crypto and Bitcoin, you should be a pioneer there to teach those who want to learn about Bitcoin and how to use it so that the poor people there can be helped a little by what you teach them. However, you also have to make sure first that they really intend to learn about Bitcoin without any coercion, because this is for themselves and their future. So you must be able to make a separation between those who intend to learn from those who have no intention of learning because they don't like Bitcoin itself.

It's easy to say, but it's not easy to do. You need to remember that bitcoin is an investment, which means investing in it can bring profits but can also cause losses. There is no guarantee that just investing in bitcoin will definitely make you rich. So, being a pioneer in teaching people about bitcoin is no small responsibility, and doing so is no easy feat. When we talk about opportunities, it means there will be potential risks involved, so you need to choose the right people with needs if you don't want to be the one blamed later.

Yes, given that bitcoin is quite volatile and that there is a risk to those who are unfamiliar of it, those who are just getting started, and especially those who have little money. People who use bitcoin as a store of value could suffer large financial losses as a result of abrupt price volatility.

One issue is that not everyone has access to the internet or technology, which are necessary for using bitcoin. As a result, it would be extremely difficult for them to teach individuals who are just getting started. Due to the digital gap, many people may not be able to participate in the bitcoin economy, especially those who live in underdeveloped countries. Additionally, those with low financial literacy run the risk of being victims of dishonest people, which makes their economic challenges worse.