Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help the indebted?
by
mojosavage
on 21/11/2014, 04:20:04 UTC
http://www.huffingtonpost.com/2014/11/20/american-debt-photos_n_6186756.html

What can Bitcoin do to help the plight of these people?

Bitcoin is money.

You are asking:

"What can money do to help the plight of these people?"

Money can't do anything by itself.  It requires people to use the money in a beneficial way.
This. 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

Agreed.  Good for transferring money, not good for curing societal ills.