Bitcoin doesn't just help the poor but gives financial freedom, justice, and equality to financial system. It does not follow favouritism and nepotism but supports only those who believed in his whitepaper and future as a digital asset and store of value.
It has helped me personally and I am glad to be one of the lucky and eye-opener to cryptosphere. If I'm to reverse back my time spent on this forum, I would love to spend the rest of my off days on bitcointalk in search of more knowledge and cost average buying of every sats I came across.
Topic: Does Bitcoin Help The Poor - page 8. (Read 1782 times)
I think poor here is a state of mind, the country made be poor but that do not mean the people of the country are poor. It helps the everyone that understands the true potential of Bitcoin as a sound money. The one narrative Bitcoin has going very strong for it, is the Store of Value(SOV) and we can see everyone is paying attention to this especially for people living in countries with high inflation rate
Nope. Actions help the poor.
Investing into Bitcoin won't assure profit in an instant and will thus, not make a rich individual out of a poor one. We should stop relying our fate in such technology. Indeed it is beneficial to us when it comes to transactions, investment purposes and the likes but to how we will use it, might make a change in our lives. Wealth is not earned by just believing you will achieve such thing in your life It will depend on your actions in order to get something, as simple as it may sound.
Investing into Bitcoin won't assure profit in an instant and will thus, not make a rich individual out of a poor one. We should stop relying our fate in such technology. Indeed it is beneficial to us when it comes to transactions, investment purposes and the likes but to how we will use it, might make a change in our lives. Wealth is not earned by just believing you will achieve such thing in your life It will depend on your actions in order to get something, as simple as it may sound.
isn't buying bitcoin is an action ? , and also u wearing a signature is a part of it, even though u will get altcoins, but basicaly there is nothing if bitcoin doesn't appear, u even believe deFi technolgy will change something about currency. everything you say is inversely related to facts.
Poor people who have access to the internet utilizes Bitcoin, e.g Zimbabwe economy has been in bad shape due to hyper-inflation as a result of sanctions from foreign countries, people in that country adopted Bitcoin as the better alternative to their valueless currency and as a store of value for their daily transactions thus liberating them.
Sending of money via Bitcoin is even easier than Western Union which is more cumbersome i.e requires some form of KYC from the banks before releasing the fund.
Sending of money via Bitcoin is even easier than Western Union which is more cumbersome i.e requires some form of KYC from the banks before releasing the fund.
Nope. Actions help the poor.
Investing into Bitcoin won't assure profit in an instant and will thus, not make a rich individual out of a poor one. We should stop relying our fate in such technology. Indeed it is beneficial to us when it comes to transactions, investment purposes and the likes but to how we will use it, might make a change in our lives. Wealth is not earned by just believing you will achieve such thing in your life It will depend on your actions in order to get something, as simple as it may sound.
Investing into Bitcoin won't assure profit in an instant and will thus, not make a rich individual out of a poor one. We should stop relying our fate in such technology. Indeed it is beneficial to us when it comes to transactions, investment purposes and the likes but to how we will use it, might make a change in our lives. Wealth is not earned by just believing you will achieve such thing in your life It will depend on your actions in order to get something, as simple as it may sound.
In my sense, Bitcoin can't reach a position that they can help poor people directly.
Any technology won't, especially a currency.
First of all, Bitcoin is not a tool for wealth redistribution. The idea forms the core of socialist ideology, and Bitcoin has nothing to do with Socialism. Poor people may benefit to a certain degree, as Bitcoin works to reduce the exploitation by the central banks.
There is a misconception for many that bitcoin is a tool of wealth redistribution, with any new technology and if you are able to adopt it then you will make a good profit and that is not in bitcoin alone but it can be said about any investment. When the central banks print money out of thin air and thereby get inflation out of control, the poor are the worst hit. Bitcoin works against that. But at the same time, the poor will be having less opportunity to invest in Bitcoin. You need a sizable capital for Bitcoin investment, and I don't expect a lot may of the poor people to afford that.
If a government is printing money and if the country is affected by inflation then you could save yourself if you already invested in bitcoin rather than investing in banks. In my sense, Bitcoin can't reach a position that they can help poor people directly. It may take more time when btc will be reached on level by the government then BTC may attend this type of public helping activities. But BTC is helpful for the poor in one way that there are no restrictions to using BTC so poor people can earn money from this platform easily.
Make sense, due to its decentralized nature, once being understood well it can help a lot.
Not just for those who well knowledgable but also those who are willing to study and work with their opportunities from this venue. Bitcoin are not limited the design of this system is for everyone. Helping poor people in the sense that they are free to co-exist with everyone who are using this chain.
In my sense, Bitcoin can't reach a position that they can help poor people directly. It may take more time when btc will be reached on level by the government then BTC may attend this type of public helping activities. But BTC is helpful for the poor in one way that there are no restrictions to using BTC so poor people can earn money from this platform easily.
People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor.
#1 BTC provides banking services to the unbanked Millions around the world who cannot qualify for a bank account use BTC to conduct business and make electronic transactions.
#2 BTC allows immigrants to send money to families back home Immigrants from cuba, the middle east and other nations who travel to the USA, europe or asia. Use BTC to send funds to their families back home.
#3 BTC empowers nations with troubled economies like africa, the philippines and venezuela It provides a means of income to help stabilize dwindling economies like venezuela's. Provides options and opportunities to those in africa and the philippines.
There are other examples but I think people might get the gist of this without them.
One good reason.
Bitcoin helps the poor.
#1 BTC provides banking services to the unbanked Millions around the world who cannot qualify for a bank account use BTC to conduct business and make electronic transactions.
#2 BTC allows immigrants to send money to families back home Immigrants from cuba, the middle east and other nations who travel to the USA, europe or asia. Use BTC to send funds to their families back home.
#3 BTC empowers nations with troubled economies like africa, the philippines and venezuela It provides a means of income to help stabilize dwindling economies like venezuela's. Provides options and opportunities to those in africa and the philippines.
There are other examples but I think people might get the gist of this without them.
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There are other examples but I think people might get the gist of this without them.
Maybe you have to provide more examples that will actually relate to the poor because I don't think these above points relates to being poor.
Someone referred to as poor may not even no there way to the bank. Or whether a poor can become an immigrant except if not by war etc. So maybe that the title can get some adjustment as a poor person can't be banking, being an immigrant that travel to another country.
But bitcoin can surely help people who are poor if they buy even little bitcoin and hodl for longtime like people already cashing out big at this time.
The only poor people that bitcoin really helped are those who had access to cell phones back then and maybe grabbed a few bitcoin on faucets before it exploded , the rest who came late are just there with no bitcoin in their wallet, right now bitcoin is so priced that it's only the rich that are able to buy a hand full of it , it's now the rich getting richer and the poor trying so hard to find the next bitcoin in altcoin projects (which is never going to happen), I really don't see how bitcoin help apart from being send money to someone in another country without going to the bank.
My opinion though.
, the rest who came late are just there with no bitcoin in their wallet, right now bitcoin is so priced that it's only the rich that are able to buy a hand full of it , it's now the rich getting richer and the poor trying so hard to find the next bitcoin in altcoin projects (which is never going to happen), I really don't see how bitcoin help apart from being send money to someone in another country without going to the bank.My opinion though.
There are other examples but I think people might get the gist of this without them.
Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.
Bitcoin helps everyone, the same things you have listed here that it is doing for the poor is the same that it does for the rich, no difference. Bitcoin helps the poor, I think people needs to understand that it is different from saying that it makes the poor rich, because I see some people who keeps saying that Bitcoin makes the poor rich, which isn’t really true.Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.
Of course, it can make the poor rich, but how many of the poor people out there can invest the little money they have and leave it there for long till the price goes up? I have seen stories of some people that tried investing in Bitcoin, but they couldn’t wait for long before selling those coins to solve their daily needs, and after they have sold the coins the price will go up. So it’s never easy, they still have to work.
Bitcoin is the reason why I have a new life today, the old me was a very poor guy from Africa, I knew my life could change if I went all into crypto thing and I started the hard way, faucets, Airdrops, etc just to gather some money to invest in bitcoin, it thus work out for me after a whole year of hunting for Airdrops, now I'm a miner, staker and also investor too, thanks to Bitcoin
There are other examples but I think people might get the gist of this without them.
Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.
Bitcoin helps everyone, the same things you have listed here that it is doing for the poor is the same that it does for the rich, no difference. Bitcoin helps the poor, I think people needs to understand that it is different from saying that it makes the poor rich, because I see some people who keeps saying that Bitcoin makes the poor rich, which isn’t really true.Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.
Of course, it can make the poor rich, but how many of the poor people out there can invest the little money they have and leave it there for long till the price goes up? I have seen stories of some people that tried investing in Bitcoin, but they couldn’t wait for long before selling those coins to solve their daily needs, and after they have sold the coins the price will go up. So it’s never easy, they still have to work.
Maybe Bitcoin was aimed to help the poor, but the broken people have no money to invest in it. When you have to live paycheck to paycheck, making investments is the last thing you think about.
What do you mean by broke people? You don't have to buy 1 btc that's why we have satoshis, I'm sure broke people can afford 30$ to invest on bitcoin and grow from there, when I enter crypto space I had nothing, I started with Airdrops, making 4$ and 2$ here and there until I made my first 70$ from airdrop and I invested that in bitcoin, today it's all story
Maybe Bitcoin was aimed to help the poor, but the broken people have no money to invest in it. When you have to live paycheck to paycheck, making investments is the last thing you think about.
I agree but don't you think sending money from other countries to home countries using Bitcoin (without paying import tax) is unethical? I can understand how Bitcoin is definitely superior to the established banking institutions but I think it's also being misused. And that's the reason many governments oppose it as well. I think we should create some ethical rules for this decentralized system!
First of all, Bitcoin is not a tool for wealth redistribution. The idea forms the core of socialist ideology, and Bitcoin has nothing to do with Socialism. Poor people may benefit to a certain degree, as Bitcoin works to reduce the exploitation by the central banks. When the central banks print money out of thin air and thereby get inflation out of control, the poor are the worst hit. Bitcoin works against that. But at the same time, the poor will be having less opportunity to invest in Bitcoin. You need a sizable capital for Bitcoin investment, and I don't expect a lot may of the poor people to afford that.
It helps all kind of people, if the poor have started investing on Bitcoin's early year, it have help him a lot to now. The problem is most of the poor people has no idea about bitcoin, which makes them not interested on having it and also not getting benefit from it.
What bitcoin helps the poor most is the fact that it gives the people the ppwer to control their spending ability once again without the interference of banks, and the fact that it can enable the person to get in the world of investing in as low as $20. Although of course, the person would most of the time opt to cash in more in hopes of better gains, but yeah, that is pretty much what I like the most about bitcoin.
Bitcoin can help the poor directly if they have access to information (internet and devices).
They could buy BTC on P2P platforms as individuals or as businesses.
Indirectly if they are benefited by a charity that accepts bitcoin to create their funds.
There are so many ways to use bitcoin to help people in need.
The solution is in our hands, we only have to look around us and act.
They could buy BTC on P2P platforms as individuals or as businesses.
Indirectly if they are benefited by a charity that accepts bitcoin to create their funds.
There are so many ways to use bitcoin to help people in need.
The solution is in our hands, we only have to look around us and act.
The poorest people don't have access on internet so how much more on bitcoin, I would say middle class people have the chances to know and use bitcoin in real basis.
Poor can be categorized into 4 places but I can assure both the rural and urban poor have benefited from Bitcoin. Those rural poor people who don't have the chance to know Bitcoin are those that don't have internet, electricity and require information to learn about Bitcoin.Nevertheless, Bitcoin was created to bridge the global wealth gap (giving people financial freedom) and limit inflation.
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