Quote from: karabiber on February 18, 2024, 08:46:19 AM

Quote from: Despairo on February 16, 2024, 06:53:51 AM

Quote from: Reatim on February 16, 2024, 04:58:53 AM

Quote from: G-aluminum on February 12, 2024, 02:52:11 PM

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Why are we so stupid to seek refuge for crypto about the living? have not we understand that this is a currency ?

People need to learn using it first before asking for changing lives , how can this improve living when people does not even use it as currency.

It's easy to use cryptocurrency as currency, but how many country is legally accepting Bitcoin as currency? only in El Salvador, the rest country are either grey area or only accept it as commodity, although there are few businesses don't mind to accept Bitcoin as alternative payment.

Bitcoin is just a "currency" similar to fiat, if a poor can earn $100 per month and get paid in fiat, it means there's no change if they get paid in Bitcoin. They still get paid for $100 per month, in a different "form".

You are right, but it is also true that in this era we live in, it takes many years to permanently establish something that the quarterbacks don't want. If you think that people are not using cryptos as a currency right now, you are wrong. Bitcoin has already entered into commerce. As governments introduce regulations for cryptocurrencies over time, cryptocurrencies will be fully integrated into our lives, just like fiat currencies. We just need a little more time.

Cryptocurrencies are an important investment tool and, like offshore banking, have a confidential structure. In this respect, Bitcoin is important for attracting wealth to countries that want to hide it. Even using this method, you can create a significant foreign exchange reserve in your country. Bitcoin can also eliminate speculative situations. Because all the Bitcoin produced is tied to a predetermined amount, it creates a situation similar to the advantages of the gold bullion system. The situation of multiplying fiat money more than production is eliminated. Finally, the perspective of governments on cryptocurrencies has changed 180 degrees and I believe that the full integration of cryptocurrencies into payment systems will be realized in the near future.

Its exciting to watch Bitcoin surpass initial resistance to become economic symbol. I believe Bitcoin's commercial venture represents the start of a financial revolution. I like your comparison of Bitcoin to offshore banking for wealth attractiveness and confidentiality. Though anonymous, Bitcoin's visible record enables traceability not seen in traditional banking institutions. This dual nature could revolutionize financial privacy and responsibility.

Bitcoin's fixed supply and deflationary nature make it a good gold standard comparison. Bitcoin's ability to hedge against fiat currency inflation makes it a more stable value store. Indeed, the government's attitude on cryptocurrencies is a paradigm change. After this acceptance and integration, digital currencies like Bitcoin will be part of our financial systems, not just investment tools.