Do you think that the adoption of Bitcoin in poor countries as a means of payment can be a source of conflict
I asked this question because many poor countries believe they are in democracy and enjoy freedom. However, the reality is that there is still some form of domination by former colonial powers. They are free on paper, but not financially. That’s why I wonder if one day one of these countries decides to adopt Bitcoin as a means of payment and whether this could lead to conflicts.
Adopting Bitcoin could offer several advantages, such as increased financial inclusion, reduced transaction costs, and protection against inflation. However, these benefits may also raise tensions with established financial systems and governments.
Do you think a poor country will experience peace if it makes such a decision?
Most of those poor countries are poor due to lack of education. The rate of illiteracy is very high on such countries. Hence, they don't know what true democracy is and they all pretend to be happy with what freedom they have. Now do you think these people will be able to use bitcoin? Even if they did, they would most likely be using a custodial centralized wallet to make transaction. In that case, they will still lose their financial freedom because those wallets will still be controlled by the government. And transactions with bitcoin wont be cheap for them. I doubt any people from those poor country will be willing to spend 40 cents to make a single transaction.
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However, these benefits may also raise tensions with established financial systems and governments.
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This is applicable for every country in the world.