BTC is not human, someone have to use it right.

BALIK

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Quote from: BIT-BENDER on August 23, 2024, 02:33:35 PM

I believe many people already know this, I don't mean to be critical but I believe this should not be a topic, it's crazy that anyone thinks bitcoin would save them from all their countries issue that's not the case and even if a country isn't corrupt Bitcoin still can't play a major role to lift a country economy, the leaders still has a very big part to play to see that happening.

Not really, there are many people who do not know this or they do not want to accept this fact. I also see a lot of people constantly claiming that bitcoin can help alleviate poverty and they hope the government will consider legalizing bitcoin and using it in their economy.

I think this idea comes from their obsession of making money from bitcoin, they see the strong growth of bitcoin and compare it with the devaluation of fiat currencies, they argue that the devaluation of fiat currencies is the cause of poverty....from those factors, they think bitcoin can save national economy. They think that if people invest in bitcoin and make profits, their country can eliminate poverty. But they forget that the unemployed and the poor will not have money to invest. Also, what guarantees are there that everyone will make a profit investing in bitcoin?

Maslate

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Bitcoin will not act as a country saver, unless if all those corrupt officials are thrown out from their positions. The country's progress will only be realized by having leaders that are responsible and won't only be after of their personal interests.

Also, bitcoin is just a tool so it needs a person to operate it right. And with sufficient knowledge and skills about bitcoin, bitcoin will eventually act as a life saver, as long as bitcoin has been used the right and productive way.

FatFork

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Quote from: Abu-Naim on August 23, 2024, 02:45:29 PM

Corrupt leaders can use bitcoin and crypto to embezzle money in a system where everyone in the system is corrupted, if not I think if the corrupt leaders use Bitcoin in an open network, it can be tracked, just that the recipient wallet will be the main target if it is an exchange wallet.
Bitcoin can help every individual who use it in the right way to avoid inflation and to also overcome some financial challenges if they hold for long.

Yes. I definitely think there's some truth to the idea that corrupt leaders could take advantage of Bitcoin. The anonymity part could let them hide shady transactions. But at the same time, Bitcoin's transparency through the blockchain gives it power too. Anyone can follow the money on that public ledger.

I'm still hopeful about bitcoins potential to give regular people more control. Maybe an overly idealistic take, but it's how I feel.

Abu-Naim

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Yes Bitcoin is indeed not the solution to countries high poverty rate, and it is as well not a solution nation's economy, it is a currency that gives its users financial freedom irrespective their government policies if the holders are purely using it in decentralized way by avoiding the use of centralized exchanges that will ask for personal details for KYC.

Corrupt leaders can use bitcoin and crypto to embezzle money in a system where everyone in the system is corrupted, if not I think if the corrupt leaders use Bitcoin in an open network, it can be tracked, just that the recipient wallet will be the main target if it is an exchange wallet.
Bitcoin can help every individual who use it in the right way to avoid inflation and to also overcome some financial challenges if they hold for long.

BIT-BENDER

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I believe many people already know this, I don't mean to be critical but I believe this should not be a topic, it's crazy that anyone thinks bitcoin would save them from all their countries issue that's not the case and even if a country isn't corrupt Bitcoin still can't play a major role to lift a country economy, the leaders still has a very big part to play to see that happening.

el kaka22

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I think OP misunderstood the premise, the reality is that if a government has corrupt officials, then using crypto means that you are getting away from them. They may steal your fiat, but they can't steal your crypto , meaning that they are going to just playing with themselves if we all move to crypto, and they can make laws regarding whatever they want, but if they push too further, we can hide our crypto and they can't do anything about it because they wouldn't know about it.

So, crypto is decentralized and loved because of this, it's decentralized in a way that governments, corrupt or not, can't do anything about it and have to expect us to comply, if we do not want to then they would never know anything. I can hide billions in crypto without letting a single soul know, it would not be easy but it can be done, just do like 10 bitcoins for 100m times and that would take weeks to do, or maybe there is an automatic thing, and paper wallet them, easy as that, they would never know.

BitcoinGirl.Club

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Quote from: shield132 on August 20, 2024, 04:45:15 AM

It's getting hard to buy/sell Bitcoin without KYC, you'll have to spend many coins to protect your privacy by using, maybe multiple mixers.

And with fiat you have no chance at all. Here at least you can make it hard for them to protect your asset.

Questat

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Bitcoin can bring life changing profits if you use it at its highest advantage, but if you use it for personal interest and maximize corruption in the current government, believe me its transparency will put you at your worst.

Poverty is a global struggle, but with the help of bitcoin being a tool for investment, I believe that will give a lot of advantages to create life's progress, but of course bitcoin education should be prioritize first before trying to invest.

TheUltraElite

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So anyway, I applied as a merit source :)

A hard truth is that bitcoin is not the silver bullet to every problem.

Poverty is one of them. You have to get those people in a somewhat decent living standard before they can use bitcoin. Because to use the latter they need electricity supply, a device to access their coins and so on. It can help once those things have been set up but not before.

Similarly, bitcoin will not end all economic problems, deflationary currencies also have their problem, these will become evident then.

However, if you ask me, I would accumulate bitcoin because I see a good price in future. Will it change the economy, probably not during my lifetime.

shield132

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Bitcoin can't make wheat, carrot, or meat, it can't create a surgery, it can't build an apartment. Bitcoin is not a magic stick to save poor countries from their mistakes. Poor countries need to invest in education, healthcare, they need to send their people to study in developed countries to get a good education and improve their country with that education. If the government isn't doing this, then there is no hope for other things to improve the life in such a country. If the government doesn't do that, then the government is corrupt and Bitcoin will only help them in their corruption and nepotism.

Quote from: BitcoinGirl.Club on August 17, 2024, 07:55:14 AM

Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

They can be corrupted but with Bitcoin you have your freedom. Your money is not in their hand, they can never freeze it, they will never know what you have unless you failed to protect your privacy.

Can't agree with you on that part because blockchain analysis is getting advanced and if you are their target, they can do their best to make it very difficult for you to keep control of your coins. It's getting hard to buy/sell Bitcoin without KYC, you'll have to spend many coins to protect your privacy by using, maybe multiple mixers.

Smack That Ace

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

I don't even think that bitcoin and cryptocurrency can help a country's economy in a better direction, let alone that they can help alleviate poverty in a country. Cryptocurrencies in general and bitcoin in particular are being used by us as an investment and for that we need money. Poor people, where do they get the money to invest in bitcoin?

Not to mention, bitcoin is just a financial market, which means investing in bitcoin can make a profit or it can make us lose. How can we escape poverty if our investments lose money?
As bitcoin investors, we always hope it will get better and better and can bring more benefits to the world. But let's be realistic and admit that Bitcoin is just like gold or other assets. It cannot help improve a country's poverty or unemployment or reduce a country's corruption rate.

ChiBitCTy

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Well see now this is the whole point of bitcoin in general..decentralization.. and freedom from oppressive regimens that are working with them to hold their people down through poor banking regulations. I mean bitcoin can't be controlled by the government of any nation, thats the whole point of this thing..so..I guess I'm not really sure I can agree with you here.

Of course by a government banning bitcoin, they are going to make the on and off ramp more difficult to get to.

Lida93

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

We focus too much on what bitcoin can do for the government of a country as benefits they stand to gain than what it can do for us as individuals. Bitcoin wasn't created for the government but basically for individuals like you and me who are sick and tired of the control the government has given itself over our finances and the monitoring of definitely every transactions, quelling any form of privacy and economic freedom for the average citizen.

Even if the leaders of a country aren't corrupt it doesn't mean that their acceptance of bitcoin is going to eradicate poverty in the country. The implication would be that there would be a large scale of self custodial wallet owners thereby reducing the long arm of the government and their interference policies therefore increasing privacy and financial freedom in that country but in reality no government wants that.

Casdinyard

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Exactly my sentiments for a while now. People think that just cause bitcoin made a few millionaires in the past, it's going to make them rich altogether and it's the one and done solution to poverty. The fact of the matter is that, almost everyone who got big on bitcoin, was just a case of right place at the right time, in short they got lucky. And you can't emulate the same eventuality in most cases, so you can't bank on bitcoin or cryptocurrencies to help you move out of poverty.

What I highly suggest the governments and the people do is to use bitcoin not as a main source of economic success, but as a means to further supplement existing options, for regular blokes that's having 9-5s that pays them consistently, for governments, that's other ways to earn GDP.

Bitcoin is great but it's not that great, you have to have something else up your sleeve if you want to utilize this shit to the fullest.

Solosanz

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

I disagree, Bitcoin is use public blockchain, so any transactions made by the corrupt leaders will be shown on the blockchain. Anyone can see that, if they want to corrupt, we will know how many coins are moved to those "suspicious address" and they need to prove it.

Unlike fiat, it's recorded on private ledger where they can manipulate the information.

Bitcoin can be both solution, solution for people to escape from corrupt leaders or Bitcoin change the corrupt leaders.

benalexis12

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In my understanding, Bitcoin was created to help every individual who believes in financial problems. Today, Bitcoin can be used for good and bad, and for several years it has been used by people with bad intentions or motives for other communities in this industry.

But most or the majority of people around the world at this time are still trying to use Bitcoin in the right way, and even institutional investors or even large business companies around the world are investing in it.

Dr.Bitcoin_Strange

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Bitcoin cannot even put an end to poverty in a country with a high rate of poverty. It's not just a story that Bitcoin started off at a very cheap rate, where $1 could buy more than a thousand bitcoins, and later, when even $5 could still buy 1 bitcoin, the price started to grow gradually up until 1 bitcoin was sold for $100 and so on. We all know what the price history looks like, and comparing it to the current price, even the yearly revenue of the majority of citizens in different countries of the world is not up to $10k. Meanwhile, there are some poor people whose revenue every year doesn't even amount to $5k.

So, what I am saying right now is that people need to work and source for their income in various ways before they can be able to get money to invest in Bitcoin, and like you said, in some countries with a greedy government, if they lay hands on crypto, they can freely embezzle the country's money without anyone finding out.

Nheer

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Having corrupt leaders doesn’t affect bitcoin usage in my opinion, bitcoin gives you financial freedom which means no one will be in control of your money. If the corrupt leaders want to use bitcoin to launder money it will not have an effect on your usage of bitcoin and if they embezzle country’s money well it will affect the country and not those who use bitcoin.

I know where you are trying to go but bitcoin has it's benefits and also it was not established to solve poverty problems it is designed to give us financial freedom but it’s volatile nature makes it more advantageous to use as it can grow in value over time but it doesn’t mean it will make people rich as you think.

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Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Corruption of despicable actions. Crypto many types. Bitcoin is only one, namely BTC. Bitcoin Currency Freedom that makes it easy for users to manage and manage their money. Your Bitcoin is yours and not regulated by them as an object that has the opportunity to commit acts of corruption of the money managed by them.
Bitcoin is not able to erase corruption because the one who committed corruption is not Bitcoin. Bitcoin is unable to erase poverty because Bitcoin is only a currency with an open source.

Iranus

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Quote from: knowngunman on August 18, 2024, 03:50:12 AM

Quote from: Crypt0Gore on August 17, 2024, 07:51:27 AM

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

I think I'm missing something here, when did we believe bitcoin will solve poverty problem even when the leaders are not corrupt?

As far as I know, bitcoin was not specifically created to combat poverty problems and has no business with bad/corrupt or good leaders. It's just a currency that gives you financial autonomy to control your own money without government and their agents (banks) interference.

When you talk about poverty or bad leadership, it's entirely a different discussion.

You must have missed it because not only the OP, I have also debated in many topics with many people about this issue. They believe that simply using bitcoin can easily help eradicate poverty or reduce unemployment or even create peace in the world if the whole world accepts and uses bitcoin Cheesy

. Indeed, many people have very crazy imaginations and thoughts to consider bitcoin as a god that can save this world just by accepting and using it.

Eradicating poverty, reducing unemployment, eliminating corruption...all of this is not the job of bitcoin, it was not created by Satoshi to solve those problems nor is it capable of doing those things. We should stop exaggerating about bitcoin, it's just a currency, that's all.

Topic: BTC is not human, someone have to use it right. (Read 530 times)