Post
Topic
Board Economics
Re: Do you think Bitcoin can end poverty? In a nation today
by
Fortify
on 24/04/2024, 19:32:40 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.

You seem lost as to what Bitcoin actually is or can do for people. It's a way for people to exchange value, so that people don't have to swap pineapples they harvested for a haircut. A currency does solve any sort of poverty by itself, for that you need to have value creation activities taking place and on a wide enough scale to lift people out of a subsistence style economy. You should explain exactly how you think bitcoin has helped people increase their savings, because most people who were poor before bitcoin are still equally poor now. If people have access to an internet connection then they most likely have access to all sorts of other resources and can get credit, but that's got nothing to do with bitcoin.