Quote from: Crypt0Gore on August 17, 2024, 12:51:27 PM

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.

Yes Bitcoin is indeed not the solution to countries high poverty rate, and it is as well not a solution nation's economy, it is a currency that gives its users financial freedom irrespective their government policies if the holders are purely using it in decentralized way by avoiding the use of centralized exchanges that will ask for personal details for KYC.

Corrupt leaders can use bitcoin and crypto to embezzle money in a system where everyone in the system is corrupted, if not I think if the corrupt leaders use Bitcoin in an open network, it can be tracked, just that the recipient wallet will be the main target if it is an exchange wallet.
Bitcoin can help every individual who use it in the right way to avoid inflation and to also overcome some financial challenges if they hold for long.