Post
Topic
Board Bitcoin Discussion
Re: BTC is not human, someone have to use it right.
by
Lida93
on 19/08/2024, 14:24:25 UTC
I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.
We focus too much on what bitcoin can do for the  government of a country as benefits they stand to gain than what it can do for us as individuals. Bitcoin wasn't created for the government but basically for individuals like you and me who are sick and tired of the control the government has given itself over our finances and the monitoring of definitely every transactions, quelling any form of privacy and economic freedom for the average citizen.

Even if the leaders of a country aren't corrupt it doesn't mean that their acceptance of bitcoin is going to eradicate poverty in the country. The implication would be that there would be a large scale of self custodial wallet owners thereby reducing the long arm of the government and their interference policies therefore increasing privacy and financial freedom in that country but in reality no government wants that.