It'll have be a digital currency pegged to a state currency. I can't see how they'd get acceptable levels of volatility otherwise.
If that is the case then it might not address a few root problems but solves enough for the average poor person. They'll just want wider access to trade and money.
Topic: Bill Gates and Bitcoin - page 3. (Read 2450 times)
Supposedly capitalism and free market forces are the main driver in pulling gigantic swaths of the global population out of poverty. Bitcoin is young and small, the volatility will not necessarily be here forever. The poorest american still has PS3's and Flatscreen HD tv's.. my point they have enough money to hold a $100-$200 balance. The more people involved the less they need to worry about the price going down or below their initial entry.
What is soon capable of causing the current trends of lifting people out of poverty is our own debt stricken economy. We're about to fall down the economic blackhole. Bitcoin you would think would bring back the free market, smart investment that create decent jobs that get yo ass outta poverty.
What is soon capable of causing the current trends of lifting people out of poverty is our own debt stricken economy. We're about to fall down the economic blackhole. Bitcoin you would think would bring back the free market, smart investment that create decent jobs that get yo ass outta poverty.
Bill Gates already has referred to Bitcoin before in interviews.
http://www.entrepreneur.com/article/238103
He quotes, "better than currency". His concern is the same as mine about Bitcoin hitting mainstream. There is no reason for the average person to take any consideration into it as it's not a stable form of currency for someone who is low class and any class for that matter. When you don't have much to spend, you can't afford to purchase something that's value varies up and down unprovoked. Risk is too big.
http://www.entrepreneur.com/article/238103
He quotes, "better than currency". His concern is the same as mine about Bitcoin hitting mainstream. There is no reason for the average person to take any consideration into it as it's not a stable form of currency for someone who is low class and any class for that matter. When you don't have much to spend, you can't afford to purchase something that's value varies up and down unprovoked. Risk is too big.
Ripple??
I think its possible he may be referring to ripple.
I think its possible he may be referring to ripple.
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.
http://gyazo.com/976f1e94844e3013303951b1e914ae13
http://gyazo.com/976f1e94844e3013303951b1e914ae13
What digital currency is he using if he's not using bitcoin?
That is a good question. Come to think about it, I wonder which currency he is referencing. Digital currency that is.
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.
http://gyazo.com/976f1e94844e3013303951b1e914ae13
http://gyazo.com/976f1e94844e3013303951b1e914ae13
What digital currency is he using if he's not using bitcoin?
That's what I'm wondering, but he said it has to be stable too. "The poor shouldn't have a currency whose value goes up and down a lot compared to their local currency."
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.
http://gyazo.com/976f1e94844e3013303951b1e914ae13
http://gyazo.com/976f1e94844e3013303951b1e914ae13
What digital currency is he using if he's not using bitcoin?
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.
http://gyazo.com/976f1e94844e3013303951b1e914ae13
http://gyazo.com/976f1e94844e3013303951b1e914ae13
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