Topic: Bitcoin Elitists Ignoring the 3rd world - page 2. (Read 1047 times)

China may be many things, but third world it isn't. No doubt there are hundreds of millions of utterly skint people there but they're kept neatly hidden from view.

Third world usage really should be the prime driver of it all. They're the ones who have a genuine use case for it. For the fat westerners it's a nice bonus but far from vital. In many a shit hole BTC would totally transform lives. Won't happen for a long time though.

Smile.  Other than all of those third world miners in China!

But, you and OP are addressing an issue that WILL likely become more important in the future, perhaps near future.  Participation by those in the Third World will be yet another way we can get more people USING Bitcoin and (perhaps) more merchants who accept it.  More people using and more merchants accepting BTC are the two main keys to BTC growth IMO.

But, also IMO, the scaling problem(s) -- which affect the high fees that OP mentions -- need to be solved.  The miners and developers need to JUST DO IT.

On chain transactions are required to pin Lightning Network to Bitcoin. It would still save a lot in transaction fees because you wouldn't need to do every single transaction on chain, just the initial one.

Bitcoin miners don't want third world profits ergo there won't be any provision for them.

I believe something will spring up eventually that does allow anyone anywhere to get a foothold in the online economy. I also believe Bitcoin can never be it in its present form. Lightning Networks won't solve anything of that nature as they require on chain transactions.

Look I am not arrogant, and I am no tech expert, so I don't know at this point which solution is the best?

Is it segwit? Is it segwit 2x? Is it UASF? is it a 8mb block raise? I don't know. And I also think the so called experts dont know this, they are just babbling in the air to get fame and boast their ego.

But I do know that the increasing fees are a real problem, not just some imaginary intellectual debate. It's a real problem that needs to be fixed right now.

The only problem is the fact that people exist that don't want Bitcoin to evolve to stay competitive and relevant. And now with some many alternative cryptocurrencies it's even more shocking that the dissenters aren't newly onboard with increasing the block size capability.

This thing ceases to be a currency when it's (1) SLOW AF and (2) As expensive as using fiat...hell, maybe we should just use wire transfers instead. Anyone know Western Union's number?

Sure. I m completely with you. And I also do not want to move the poor into unsafe stuff.

Only Real Bitcoin solution is scale on-chain as much as we can.

People here keep ignoring the fact that most users come from the 2nd or 3rd word, where the income is not that good as some arrogant 1st worlders like to believe.

I kind of thought at first that all these evangelists really want the best for Bitcoin users, how they talk about the "saving of the 3rd world", but nowadays it looks like just another one of those empty slogans, some marketing gimmick just to pool wool over your eyes while the bullshit continues, that kind of thing.

According to the ILO, the global average monthly wage is 1700$.

The income inequality factor is about 80%, so 80% of the world earns less than this.

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Yet you idiots complain about the block size, and that means 30-40$ fees now. You guys are totally insane if you think there will be any mass adoption with these kinds of levels.

Wake up dreamers! Reality will punch ya in the face. I would earn 40$ net income / week at a shitty daily job. Too bad I am unemployed so I can't even earn that.

How the fuck do you think Bitcoin will reach any mass adoption with this lunatic levels of fees? I get that you guys are arrogant 1st worlders sitting in your cozy 500 square meter homes with your jacuzzi and mercedes cars in your garage complaining about this or that.

But the truth is simple, most people are poor, including myself, so we are not going to use a currency that is so elitist that it demand people to hand over 1 week worth of pay to some arrogant miner sitting at the other half of the world drinking sweet coffee.
 
Either fix the fee problem, or say bye bye to Bitcoin.