Quote from: ancafe on Today at 02:02:57 AM

Quote from: Black susano on March 17, 2023, 03:13:20 PM

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.

How can you be sure that bitcoin can solve the problem of poverty throughout the world or only in a small area in your country. Bitcoin is independent and run by individuals for the investment and trading process, so there are opportunities that we can use to solve the problem of poverty. Poverty can be interpreted as a step in which financial difficulties are experienced by people and they are unable to meet life's needs in the process. So how can people who are in poverty try to invest and trade when it is difficult to meet their living needs?

It is impossible for poor people to invest and even if there were, maybe they would not be poor but would not have much money. The mindset of poor people is not how they invest, but how they can eat for today or tomorrow. There is no opportunity for poor people to invest because the availability of money limits them from getting involved.

Bitcoin is a very valuable asset and to be able to own it we need money and even a lot of money, bitcoin is not created and distributed for free. It's funny that he said that bitcoin is helping 1.7 million people in his country escape poverty. Not to mention, bitcoin is a highly volatile investment and most people lose money investing in it, not too many people make profits from it. So, it would be a lie to say that bitcoin is helping alleviate poverty.

To reduce poverty in a country, that country needs to create jobs for its people and help them generate income, thereby ensuring their living needs and poverty will gradually be eliminated. It is not that we rely on risky speculative assets to solve the country's poverty problem.