Quote from: franky1 on November 21, 2014, 04:32:15 AM

Quote from: Eisenhower34 on November 21, 2014, 04:12:12 AM

There are too many people who think that bitcoin can solve all of the world's problems when this is simply not the case. Bitcoin has a very narrow level of usefulness and solving the issue of people being poor is not one thing that bitcoin is good for

what if i was to tell you that i quit my job in 2012 with only a couple thousand in the bank, enough to pay a few months of rent before being made homeless..

what if i told you right now purely because of bitcoin, i now have a net value holding of hundreds of thousands.
and also tell you that i have helped other people become financially free purely due to bitcoin.

i will also like to add
holding $2k in a bank for 10 years, lets say from 2004 would have bought you 1000 loaves of bread. but today only buys you around 750 loaves of bread.

now lets say i bought bitcoin in 2012 and simply held (no trading) again in 2012 would be about 800 loaves of bread, but today you can by 46k loaves of bread.

bitcoin is at a yearly low right now so dont base bitcoin on todays value when arguing the merits or demerits of helping the poor. base it on bitcoins true abilities and fundamentals in comparison to FIAT

I would say that you happened to have good luck and purchased bitcoin at the right time. I would also say that you probably would have sold such bitcoin long before 2013 as they would probably have needed the money.

Your argument is based on bitcoin's prior price gains with 20/20 hindsight.