No matter how many can be trying, there is no single solution to the problem of global poverty and cryptocurrency can help but we don't have to believe that it is the main answer. All can help in the fight against abject poverty but relying alone on one tool may not be that effective.
Solving poverty can be a noble cause but some people are just using this noble idea to promote their business and concerns. I am tired of reading many posts trying us to convince that their coin can be the answer towards a more prosperous and better world...but after some months the coin is gone to the abyss...the only poverty they solved is that of their developers and promoters.
Topic: Bitcoin, BitcoinCash & Poverty (Read 714 times)
this market cap thing that you say and making it out of thin air has been happening all this time, bitcoin cash is not the first one. it just has the most sound that is why everyone is hearing about it, and also there is the abusing of bitcoin name.
for example you can look at any altcoin out there. like ripple or ethereum. these created money and their market cap out of thin air. ripple just releases billions of tokens and ethereum has about 70+ million coins premined.
for example you can look at any altcoin out there. like ripple or ethereum. these created money and their market cap out of thin air. ripple just releases billions of tokens and ethereum has about 70+ million coins premined.
Which marketcap you are talking about? Marketcap currently bitcoincash have?
Its just a manipulation and internal trading, price of bitcoincash dropped from 1400$ to below $500 in bittrex within few hours.
When all those marketcap will shift towards bitcoin we can easily see $3k for BTC within next few days.
Neither bitcoin,nor bitcoin cash will be helpful to remove poverty fully.BCC is just pumped and soon it would fall down.BCC holders just waiting for platforms to be opened to dump their BCC.In one way,this hard fork has proved that bitcoin could not get destroyed and it would continue to exist increasing in price gradually.Its just a manipulation and internal trading, price of bitcoincash dropped from 1400$ to below $500 in bittrex within few hours.
When all those marketcap will shift towards bitcoin we can easily see $3k for BTC within next few days.
It may not help poverty but it could give opportunity little by little to small time traders. And the rise and decline of the bcc will continue until maybe most of the split are now being regulated because as of now some are still having issues getting there free bcc although as i observed, there are a lot of bcc dumping in different exchange sites.
Which marketcap you are talking about? Marketcap currently bitcoincash have?
Its just a manipulation and internal trading, price of bitcoincash dropped from 1400$ to below $500 in bittrex within few hours.
When all those marketcap will shift towards bitcoin we can easily see $3k for BTC within next few days.
Neither bitcoin,nor bitcoin cash will be helpful to remove poverty fully.BCC is just pumped and soon it would fall down.BCC holders just waiting for platforms to be opened to dump their BCC.In one way,this hard fork has proved that bitcoin could not get destroyed and it would continue to exist increasing in price gradually. Its just a manipulation and internal trading, price of bitcoincash dropped from 1400$ to below $500 in bittrex within few hours.
When all those marketcap will shift towards bitcoin we can easily see $3k for BTC within next few days.
The BCC price is likely to match the bitcoin, it is exactly like bitcoin, but if the BCC price matches the bitcoin, what is the bitcoin fate, will the bitcoin stop being used?
If the price of BCH aka bitcoin cash matches the price of bitcoin,nothing happens,it will just move on like the rest of the coins in the crypto market, having more ideas is not a bad thing and if those ideas help in reaching bitcoin to a wider audience and more transactions,so be it,i would like to use both these currencies in the future,about the multiple split in the future,you need to have a underlying idea to back it up,if not it will just die . 
Why don't we just keep forking Bitcoin once every year or so and save up all the newly created money in a fund that will be used to stop world poverty? Seems to be as good of a reason as any.
Fuck Roger Ver and his merry band of rich kids only looking to get richer.
Fuck Roger Ver and his merry band of rich kids only looking to get richer.
Because the markets are thin. Fork again and you'll see the deterioration of the price in more immediate terms. The fact that BTC and BCC can remain in an upswing after the fork just demonstrates that there's existing money on that was on the sidelines to be invested in and support both currencies. We're barely 48 hours into this...let's see where things are after 48 days, 48 weeks, or 48 months.
You accuse Roger Ver and others of greed, yet I don't hear you offering to sell your BCC to benefit the poor. You want to start a movement? Donate your air-drop BCC proceeds to benefit poverty, and then encourage others to do it to. That would be a movement.
The BCC price is likely to match the bitcoin, it is exactly like bitcoin, but if the BCC price matches the bitcoin, what is the bitcoin fate, will the bitcoin stop being used?
Hi, I would like to sell you my BCC for 0.9BTC, 10% exclusive discount for you
B) Don't understand Bitcoin but don't want to invest because of all this shiet.
Add: C) People that don't understand Bitcoin AND EVERYTHING will buy some shitcoin
The BCC price is likely to match the bitcoin, it is exactly like bitcoin, but if the BCC price matches the bitcoin, what is the bitcoin fate, will the bitcoin stop being used?
Which marketcap you are talking about? Marketcap currently bitcoincash have?
Its just a manipulation and internal trading, price of bitcoincash dropped from 1400$ to below $500 in bittrex within few hours.
When all those marketcap will shift towards bitcoin we can easily see $3k for BTC within next few days.
Its just a manipulation and internal trading, price of bitcoincash dropped from 1400$ to below $500 in bittrex within few hours.
When all those marketcap will shift towards bitcoin we can easily see $3k for BTC within next few days.
A) Laughing at the fact that Bitcoin did "split" and increased it's marketcap with over $6 billion dollars overnight or
I recently saw an idea that should solve the problem of reducing greed for a bit. They are planning an ICO soon.
https://tribetoken.org/
https://tribetoken.org/
So with all of this new money being created out of thin air basically (yes I know this is a term often used to bash on bitcoin, but in this case you have to agree that it is true). Why don't we just keep forking Bitcoin once every year or so and save up all the newly created money in a fund that will be used to stop world poverty? Seems to be as good of a reason as any.
People are either:
A) Laughing at the fact that Bitcoin did "split" and increased it's marketcap with over $6 billion dollars overnight or
B) Don't understand Bitcoin but don't want to invest because of all this shiet.
I'm so fed up with it all, it is a joke, nothing more and nothing less.
Fuck Roger Ver and his merry band of rich kids only looking to get richer.
People are either:
A) Laughing at the fact that Bitcoin did "split" and increased it's marketcap with over $6 billion dollars overnight or
B) Don't understand Bitcoin but don't want to invest because of all this shiet.
I'm so fed up with it all, it is a joke, nothing more and nothing less.
Fuck Roger Ver and his merry band of rich kids only looking to get richer.
Because global poverty is not really based on money alone. Its based off of power structures that are hundreds if not thousands of years old. Bitcoin would not solve global poverty because it would have to also change all the non-monetary forces that ensure poor nations cant be self-sufficient.
Honestly, I have been looking into an alt-coin called Ambrosus (the token itself is called Amber). This coin is aiming at regulating the food supply industry and could really help poor countries gain back control of their farming and food production (and not need a US or European corporation to fund it). This is a better approach. By solving one issue at a time related to poverty, cryptos will be able to address the symptoms of poverty and eventually reduce the need for centralized banking authorities that use poor nations as cheap labor or resources.
I think cryptos are the answer to world poverty; bitcoin alone however is not.
-HC
Markets are not efficient, especially in this space and under these circumstances. It's hard enough to get fiat into exchanges; for now, it's even harder to get BCC into exchanges.
If/when difficulty retargets and we start seeing regular 10-minute block times on BCC, then we'll start seeing the dumps. After the initial rush to dump, though, it'll be interesting to see what happens.
If/when difficulty retargets and we start seeing regular 10-minute block times on BCC, then we'll start seeing the dumps. After the initial rush to dump, though, it'll be interesting to see what happens.
So with all of this new money being created out of thin air basically (yes I know this is a term often used to bash on bitcoin, but in this case you have to agree that it is true). Why don't we just keep forking Bitcoin once every year or so and save up all the newly created money in a fund that will be used to stop world poverty? Seems to be as good of a reason as any.
People are either:
A) Laughing at the fact that Bitcoin did "split" and increased it's marketcap with over $6 billion dollars overnight or
B) Don't understand Bitcoin but don't want to invest because of all this shiet.
I'm so fed up with it all, it is a joke, nothing more and nothing less.
Fuck Roger Ver and his merry band of rich kids only looking to get richer.
People are either:
A) Laughing at the fact that Bitcoin did "split" and increased it's marketcap with over $6 billion dollars overnight or
B) Don't understand Bitcoin but don't want to invest because of all this shiet.
I'm so fed up with it all, it is a joke, nothing more and nothing less.
Fuck Roger Ver and his merry band of rich kids only looking to get richer.
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