Topic: Fix the money, Fix the world. - page 10. (Read 1515 times)

Bitcoin is also money so how can someone afford it if they are poor? Bitcoin is not really came here to bring financial equality but eliminate the middle person in a transaction.

Only important point to note is it's decentralised so not controlled by government or an individual which gives financial freedom and eliminate the power of printing unlimited money. So Bitcoin may reduce the financial inequality with this power but it's not the ultimate solution for poverty since it's completely rely on the hands of policy makers.

Looks like you need to explain what the oppression you meant by the government/rich people, because this makes me somewhat less understanding where it is in this case.

Without a separation between the poor and rich?
This thing in my opinion is impossible, even if Bitcoin has been legalized as a currency for payment tools, because your logic has 100 BTC but there are people who have 10000 BTC, of course you have a low class than people who have more bitcoin totals than you , as is the case with Fiat, you have $ 100 and other people have $ 10000, so with Bitcoin also rich and poor there must be, which in the insting of people who have many bitcoin will definitely be appreciated by other humans even though this is subjective.

If the rights are in my opinion from the average regulation, that humans have the same rights, such as the right to life, the right of state, the right to expression, be educated, the right to have strength and others. But sometimes you have to pay for other people's services to get better services, or you will be applied to pay food at an expensive price in a luxurious place, if you can't pay it then entering you into the poor category is natural, because in the conclusion you are not not Having rights, but you don't have money as well as if BTC is implemented.

If you don't have BTC, then you will work for people who have a lot of BTC to pay for your work services.

But unfortunately, not any type of currency as a segregation. Economic strata is determined by the value of a person's wealth long ago. Even though bitcoin adoption has gone global, the rich can do more than the poor can and there are more opportunities in this space.
Bitcoin provides the opportunity for financial freedom, it's just up to a person how to prepare and meet the challenge. I mean, competition is in every economic sphere. The rich also want "freedom" from the oppression of the government system, one of which is through currency.

In my opinion, in this case, of course, we shouldn't have too bad suspicions about the government and others, because what I know is that the government does something for a reason and of course it is to build the people's economy so that more advanced.

In my opinion, bitcoin and fiat currency must of course still exist because both are very much needed and of course money has advantages and disadvantages, as well as bitcoin, of course it has advantages and disadvantages.

The problem really is that the government is banning Bitcoin and they want to control things. Though there are now countries that legalize it, most of the country still doesn't want it, as we know that they want to have complete control and again control the poor. What I've just realized is that we are really working hard for the company that pays us, but we are not working on ourselves, as we just want that company to improve. OP, I think we will stay where we are now, but in the future, let's see what will happen to the statuses of Poor and Rich people.

True I agree with what you say and the fact is like that,
there will always be rich and poor it will continue to happen maybe it can only be reduced,
what is clear is part of life so we have to accept it.

Whatever it is that could be accessed by anybody by way of money is always disadvantageous to the poor. While I believe that Bitcoin is a better money, I don't think it is a perfect money.

It is indeed a revolutionary thing for money to have no central authority, permissionless, could be fully owned, and so on, but since Bitcoin has a price in fiat and whoever rich enough could have as much of it as he/she could afford, the poor is always at the losing end.

People don't have equal access to Bitcoin. That's the reality. Yes, everybody can buy Bitcoin, but 1 BTC at the moment is at $30,800.

If it is about investing in Bitcoin, I don't think there is any involvement of the government in it, unless the government itself is the investor. Because investing in Bitcoin can be done by anyone as long as someone has capital and understands how to do it, and it doesn't matter if someone is poor or rich. It's just that usually rich people are always more flexible in making investments because rich people always have the capital to do it earlier.

Meanwhile, those who are poor always need to struggle to collect their capital first if they want to make investments like many rich people do. So that's all that distinguishes between rich people and poor people in investing. Apart from that, I don't think there is anything different and it could even be the same in terms of profit if the amount of capital is not much different.

That's a utopia what you are talking, there will always be a segregation between rich and poor, even if Bitcoin has succeeded replacing traditional currency, the current rich people will still be able to buy more bitcoin than the poor ones. We are now living in mostly capitalist and free market system and I think it will not ever change, there will always be rich and poor and tall wall that divide them. I am not saying it is bad, but it is what it is and it's inevitable.

Yes, I agree with you, but it's not as easy as you might think, because Bitcoin is considered by some people as new products that are still difficult to accept by society. Many keep Bitcoin only as an asset and investment just to increase their wealth, not as a currency that will be used in the future, Therefore Many sell their asset when touch high prices and make bitcoin is still fluctuate product, therefore many people have not been able to accept the fluctuate product.

Ain't know where did you get this price but it catch my attention and quickly look at the price chart but it wasn't.
But I tend to agree with you, that's why Bitcoin has a smaller fraction that can able to have as long as you can cover the fees.

That's good of what Bitcoin had.
One of Bitcoin's unique features is its accessibility to anyone, regardless of location or socioeconomic status.
With Bitcoin, everyone has an equal opportunity to store and utilize the currency, effectively eliminating the divisions between the rich and the poor.  By enabling self-custody of funds, individuals can take charge of their financial lives, free from the constraints imposed by traditional financial systems.  The most important is you must be knowledgeable enough about this system.

From what I understand so far bitcoin is accessible to everyone no restrictions of poor or the rich, what matters is that whenever you have the available fiat to purchase bitcoin you can go to any reliable exchange and acquires it and store in your wallet. And maybe if people who has money invested in bitcoin and the price soar in a way that the poor can't be able to hold a decent amount of bitcoin do we also calls it that rich are also controlling bitcoin or government control it?

Bitcoin isn’t going to close the bracket between the rich and the poor. Today bitcoin is $23,000, it’s not exactly affordable for the poor to buy at this time, only those who were smart enough to seize the opportunity to buy bitcoin in the early days are the lucky ones. Read the bitcoin whitepaper, Bitcoin doesn’t solve the poverty problem, it provides a safe haven from censorship and government control, unfortunately people are more concerned with making profits than using bitcoin as a currency.

In this kind of situation, I really don't see how Bitcoin could be of any help, because even if Bitcoin is to be generally accepted and used as a means of payment globally, people will still have to own it equally, and there will be no form of restrictions on what it could be used for. It can also be used to oppress the poor like any other currency.
 
Those who are Rich are the ones who will buy and hold the larger number, and when the price appreciates, they will also take the larger profit since profit is to be calculated based on the amount of holding.
 
Anything that could be used for Bitcoin can also be used in those cases. The only difference is that in Bitcoin, transaction manipulation can't be done, or at least it's nearly impossible, and no central authority can also take charge of or restrict the transaction that is to be executed.

Society has turned out to be that those who are financially balanced seem to be in control of a lot more things than those who are below them, because they will definitely want to offer twice what a normal person will, and the people in power seem to always be in their favor because there is more to achieve than doing the right thing. Those are not just problems with local currency; anything that could be used as money can serve that same purpose. Bitcoin is not an exception.

What makes you think those at the top think of fiat as broken and may want to fix it? The system is working as intended as this means a great deal of resources flow from the masses to them, in their opinion fiat currencies are doing exactly what they were designed to do, the currency they want to fix is bitcoin, as this idea of a decentralized currency that gives back the power to the people is something they do not want to see.

There is always going to be a great distinction between the rich and the poor. Even the holy books which sees into time, made it clearly so.
Yes, money controls the populace, but even with the acceptance and use of BTC by both classes of citizens in a country, the ratio of profit or loss from investments in BTC is definitely going to be different for individual users, because there are several ways to earn from it, several strategies to employ and also deploy as tools for trading.

Every individual user would be responsible for their finance and quality of life, but I wonder if the rule of law would have much sway because everyone can bail themselves out of the police nets and courts and prisons.
The freedom to live anywhere would suffice and less care for border restrictions and visas, because if you have BTC, you can afford the cost and standard of living.

I have talked about this as my political idea for a long time. I am a liberal, which means that all the socialist "lets distribute the money equally" things are way too funny to me, I believe that doesn't work and we have seen plenty of examples. However, social liberalism works, it has bene proven time and time again, as long as there is no corruption in the government, that means there is a safety net at the below level, so we are not making everyone equal, but we do not let anyone starve to death, or people like in the USA who dies because they can't afford insulin, all those are gone, the bare bottom is increased, however the top is not hurt while doing it. This allows a government that adjust a nations budget in a way where if you want to be a billionaire you can be, but you are at least guaranteed not to starve to death or be homeless, that is social liberalism and I believe that would solve every single issue we ever had.

According to your topic, "fix the money, fix the world", the problem of the world is more than the currency control.

And if everyone has bitcoins, there will still be some way to distinguish between the rich bitcoin holder and the poor one.

If you buy bitcoins once and just have bitcoin because other people do, you will not get rich from it. The rich people still have an advantage in bitcoins because they can always invest more, but someone with low financial capability need to plan to invest many times in bitcoins by buying not just once.

  that is actually the advamtage of btc market, it is for people from all walks of life and of course, borderless. but there will always be rich and poor people, that's how our social status is going to be. but in this market, everyone is welcome.  actually much better than forex market imo. you need certain amount to join in the forex market, whereas, there's no min or max you can hold when it comes to crypto

Contrary to what some people think there will always be a divide between rich people and poor people,
Bitcoin wont solve this but it can offer everyone an opportunity to store and transfer whatever wealth
they have without permission from a third party.

We are already seeing interest from "institutional investors" towards Bitcoin, just look at the amount of Bitcoin
ETF's that are being applied for, this is to facilitate the wealthy people and their appetite to invest in Bitcoin.
Poor people unfortunately have very little to start with so it will be difficult for them to develop their wealth.