Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin create an opportunity to reduce poverty?
by
New Money
on 20/01/2024, 19:12:06 UTC
Nope, the introduction of Bitcoin isn't likely to reduce poverty. Historically, trading systems have evolved from bartering with items like shells and fruits to using currency, yet poverty has persisted. The fundamental issue of poverty isn't necessarily tied to the type of currency in use, but rather to broader socio-economic factors, including the distribution of wealth and power. Typically, those who benefit most from changes in financial systems or the introduction of new currencies like Bitcoin are individuals already in positions of power or with substantial resources. Without addressing these underlying systemic issues, the mere introduction of a new form of currency like Bitcoin isn't sufficient to significantly reduce poverty levels.