Quote from: bitLeap on August 01, 2024, 01:23:57 PM

Quote from: Smack That Ace on July 31, 2024, 02:54:07 AM

Quote from: Adams0001 on July 30, 2024, 04:29:20 PM

You are completely correct. The government must develop job possibilities before the poor may purchase bitcoin and invest in it; you must have a source of income before you can enjoy bitcoin investment. Because if a country doesn't have money, I don't see how bitcoin will help the poor in the country. Bitcoin is a good investment that anyone who gets the opportunity and invests in it will reap huge benefits if they are patient and true to it. The government should do something to bring income to the poor so that they can do the necessary things. All impoverished people don't have time to invest since they don't have enough to eat. So if the government creates job possibilities for the poor, some of them will try to invest to support their jobs. But, for the time being, even if the government didn't cooperates, I do not see how Bitcoin will benefit the poor you must first obtain funds before investing in Bitcoin.

Frankly speaking, bitcoin has huge potential, but it is just an asset or an investment and to own it we need money.

It's hard to understand when people exaggerate about bitcoin more than necessary, saying that bitcoin can solve problems for a country such as eliminating poverty, unemployment, stimulating economic growth...All of this is not bitcoin's mission nor was it created to fulfill these things. We should be realistic that there need to be many solutions to overcome and develop the country's economy and we need to make more efforts if we want to escape poverty. Don't just rely and think that bitcoin can do everything for us, it is not a panacea for the world.

Countries that need economic growth must be open to new innovations, be it bitcoin or other sectors that can add to the state treasury. The more prohibitions are implemented, the smaller the chances of getting profit from various sources. Bitcoin, gold, stocks, and various sources that generate finances must be welcomed not only for the benefit of the country but also for the benefit of society as a whole, also involved in the growth of the latest innovations.
Like El Salvador, which is open to adopting bitcoin as one part that can have an impact on the country economy and the surrounding community. They are also open to receiving offers from outside in overcoming crime there. The level of crime in El Salvador, which was originally high, has now decreased slightly because the system adopted was based on input from outside and implemented domestically.

El Salvador's biggest problem is crime, and thanks to Nayib Bukele's strong crime suppression and punishment policies, unrest in their country has decreased significantly, which in turn has fueled the recovery of the country. I don't see any impact of bitcoin in suppressing crime, how does bitcoin help them suppress crime?

Being open and innovative is the right thing to do in any economy, but we need to find out exactly what is causing the bad situation in our economy and come up with the right solutions. Your country is in chaos because of crime, you need to find ways to suppress them, your country is still poor, you need solutions that can create more jobs and income for people...Meanwhile, bitcoin is just a currency, it cannot create jobs, cannot bring stable income to people. What impact will its adoption and sole reliance on it have on the situation in your country?