Post
Topic
Board Economics
Re: Do you think Bitcoin can end poverty? In a nation today
by
Casdinyard
on 15/04/2024, 15:54:54 UTC
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
it cannot. Poverty is a systemic issue that something bitcoin alone wouldn't be able to fix. You're basically asking an antibiotic to solve brain cancer for you, which it couldn't do for all obvious reasons.

The fact that I was able to cash in so early in the bitcoin dream was nothing short of a lucky and I must point out, a very risky rendezvous that could've easily went to the other way, and I owe everything that I have to myself for not giving up and always believing in me, as well as my friends and family members who supported me even when I'm down. Not saying you couldn't experience the same thing, but statistically speaking, large baggers like me who are able to become rich or comfortably financed thanks to bitcoin at the very least are an anomaly that you shouldn't take as empirical evidence that bitcoin could change lives and solve poverty.

In my opinion, if you want poverty solved you must implore your government to do something about it, and from there take initiatives as well to change your life for the better. As I said poverty is a systemic problem that runs deep into society, and simply buying off cryptocurrencies on the market wouldn't solve it, you need to cut its roots down, to make sure it gets eradicated. Bitcoin alone wouldn't be able to do that.