Fix the money, Fix the world. - page 3.

NewRanger

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Quote from: Promocodeudo on July 04, 2023, 04:00:48 PM

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

One thing we have to know is that the more giant companies join cryptocurrency and develop blockchain technology, the better it is for the price of cryptocurrency itself and every individual/group also has the same rights, access and ownership of their financial assets.

Well, apart from what you said above, it makes sense that BTC has been widely adopted and that in the end there will be strong financial independence in society, but in reality this is still a work in progress, I think, and needs a process too.

moneystery

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Quote from: leonair on March 17, 2024, 05:32:23 AM

Bitcoin can be used as an alternative to money but there are also many risks as Bitcoin is not limited to a specific price. As the price of Bitcoin is not stable, it cannot be compared to FIAT and the money savings cannot be relaxed like FIAT. Bitcoin is a powerful asset it can only be paid with Bitcoin as a perfect FIAT alternative for investing but Bitcoin cannot be used as a default currency to the exclusion of FIAT.

the main problem with using bitcoin as a means of payment is that the price tends to be unstable, quite different compared to fiat where the value can be stable. and again, to transact bitcoin it requires a waiting time of around 10 minutes with fees that can reach several dollars in one transaction, this makes bitcoin not very attractive to people who want to make local transactions.

however, for cross-border transactions, perhaps bitcoin could be the best choice. because the waiting time is faster than regular payment platforms and the fees are relatively more affordable.

bitLeap

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Quote from: Adreman23 on March 17, 2024, 10:27:10 PM

Bitcoin will not become the world's currency if it continues to be exchanged for fiat or paper money. The value of bitcoin still depends on fiat money. People continue to buy bitcoin in pursuit of accumulating more paper money. If you are wealthy, you can buy a lot of bitcoin, but if you are poor, you may have little or no bitcoin as your possession. Bitcoin will only become a currency if it breaks free from being tied to paper money. One bitcoin value should be one bitcoin or one satoshi for a tray of eggs or ten satoshis for a service. People need to stop using government issued paper money if we truly want change.

What kind of change do you mean? and why should people stop using paper money? There are several misinterpretations regarding this perspective, because people are not 100% concerned with the existence of Bitcoin, Bitcoin is important because for certain groups while for ordinary people there is nothing to worry about as long as they can meet their needs with paper money there is no need to think about choices other. So if we have to give up fiat money to adopt Bitcoin as a legal currency then there will be a lot of instability in this world. I am not against Bitcoin becoming a global currency, but we also need to be wise because not all people accept the existence of Bitcoin. People already have their own choices, they have used currency before Bitcoin existed, they are also bound by the rights of citizens to use recognized currencies. So it would be better for fiat money and Bitcoin to join hands to create stability rather than replace what already exists.

Miles2006

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Let's assume everyone had bitcoin as store of wealth including the government and every citizen, if the government should adopt bitcoin now they'll definitely make this as a controversial currency or the use of bitcoin might be controversial. We all know how government react when it comes to money, although bitcoin is for everyone including the poor or rich, the point now can the poor afford bitcoin or is everyone willing to accept bitcoin. The point of this post is mainly on bitcoin adoption in our society, firstly not everyone make use of bitcoin neither will the corrupt leaders accept bitcoin, understanding the government and their policy is difficult and they'll never promote freedom or what's best for the masses. Bitcoin is indeed a valuable asset for everyone who understands how it works.

Rabata

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Quote from: Promocodeudo on July 04, 2023, 04:00:48 PM

The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

Money plays a bigger role than weapons as a tool of war in the world today. Nothing can be done without money. Money is now playing an important role as a strategy in world politics. Just think if America was not economically prosperous, how many countries would have cared for him? America will never think of itself as superior if it does not supply money to almost every poor and developing country. But the main discussion here is that one cannot think himself financially independent even if he wants to. At any time he can attracted by the government of the country. Bitcoin is designed to make a person completely independent. Bitcoin's decentralised system creates a platform for a Bitcoin holder to be independent.

MissNonFall9

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Quote from: uneng on March 03, 2024, 11:00:19 AM

Quote from: MissNonFall9 on March 03, 2024, 10:30:59 AM

According to me the difference and inequality between rich and poor can never be controlled. We are thinking that through BTC this inequality can be reduced or controlled but the problem is that money has to be used to buy BTC as well. That means people with more money will be able to buy more BTC and people with less money will be able to buy less BTC. Again, there are many people who are not interested in investing in BTC and prefer fiat currency savings or investing in fiat currency. Many people who invest in BTC will withdraw their investment from BTC when the value of BTC is too high.

Yes, Bitcoin isn't going to fix any financial disparities in the world. Rich will remain rich, governments will remain influent, banks will remain on the top making big money over the majority of population which is composed by sheep who don't even have slight interest in Bitcoin or another means of investments to thrive financially.

However, Bitcoin gives the opportunity for a minority who is open minded and aware about how the world works for real to improve their financial standards a little bit. It's true we will never have the same potential of profit big investors have, due to our funds being scarcer, but considering Bitcoin has been growing massively along the years, even minor investments are enough to put us in a more comfortable position on long run. We will never reach on the same level of whales, but I think we should be thankful already for being able to reach a middle class or high middle class status already, if we keep focused in growing our investments and making the profit grow even more once we achieve it.

Bitcoin is not going to fix the world, but it can fix the lives of the people who believed it and took their time and money to invest in the digital currency. Actually, if everyone was concerned about fixing their own lives, the world would be fixed as consequence, because if every minor gears of the system are fixed, there wouldn't be any problems with the system anymore! That is just utopian, though.

Yes I am very grateful to Bitcoin that at least I have found the light of hope for Bitcoin and am working on that light. The whole world is divided so it is only natural that there will be differences in this Bitcoin. Some will accept Bitcoin some will not accept it some will invest some will not and some will invest more if they have the ability and some will invest less if they have the ability. But the progress of the world and the trend of becoming cashless is increasing day by day so Bitcoin or cryptocurrency will take over the whole world one day and then cryptocurrency management will be done in the interest of the world to manage the world properly. And since it has no regulatory body and its value depends on the number of subscribers our future will be bright with Bitcoin or cryptocurrency.

viananda2525

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Quote from: Adreman23 on March 17, 2024, 10:27:10 PM

Bitcoin will not become the world's currency if it continues to be exchanged for fiat or paper money. The value of bitcoin still depends on fiat money. People continue to buy bitcoin in pursuit of accumulating more paper money. If you are wealthy, you can buy a lot of bitcoin, but if you are poor, you may have little or no bitcoin as your possession. Bitcoin will only become a currency if it breaks free from being tied to paper money. One bitcoin value should be one bitcoin or one satoshi for a tray of eggs or ten satoshis for a service. People need to stop using government issued paper money if we truly want change.

Yes, your opinion is very true. It is difficult to realize if Bitcoin is used as a legal exchange tool and is used by everyone. Now Fiat's money remains the main thing in making transactions even though quite a lot of shortcomings that are suspected can harm many people because they are controlled by certain circles so as to make the economic pace sometimes unstable. But can the crypto currency be used as a legal exchange tool? Of course you can, it's just that it takes a fairly long process, especially in terms of socialization to people who have not recognized bitcoin and other crypto currencies.

Kingperry22

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Money talks but its speaks in different language ironically the universal language we all pretend to speak is MONEY. From an Africa standpoint, it will be difficult fixing a currency issues and perpetuate the notion that nly solvng financial problems alone can address all societal challenges.

There will still be global issues which will require solutions beyond financial fixing because of neglecting injustices, money laundering issues, and power imbalances without the rule of law will contribute to economic disparities.

However, financial stability is undoubtedly important to fixing the world but complex challenges make that difficult.

Adreman23

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Bitcoin will not become the world's currency if it continues to be exchanged for fiat or paper money. The value of bitcoin still depends on fiat money. People continue to buy bitcoin in pursuit of accumulating more paper money. If you are wealthy, you can buy a lot of bitcoin, but if you are poor, you may have little or no bitcoin as your possession. Bitcoin will only become a currency if it breaks free from being tied to paper money. One bitcoin value should be one bitcoin or one satoshi for a tray of eggs or ten satoshis for a service. People need to stop using government issued paper money if we truly want change.

BD Technical

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If everything was fixed, then brother would be rich and there would be no differences. Why not say money or rights? At present, he can be called the king or the king of the village because everyone obeys him and everyone listens to him and no one is given anything but money. Wealthy society is judged on money because if you have more money then your respect is more money everyone will value your word and everyone will follow your word but you don't have money but everyone will take your word and you won't pay the price of two rupees. If everyone is given equal rights then I would say no because Bitcoin is equal to everyone if it works according to everyone or depends on everyone. In this case, people are for money. As long as Jhakam does and tries to earn.

Casdinyard

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Quote from: Promocodeudo on July 04, 2023, 04:00:48 PM

The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

Aristotle has once told: "some people were born to be slaves"

And I don't mean any racist bullshit here so don't come at me with that (just making sure, not getting defensive). It's just that for the system to work some people would have to run the factories and assume servitude to a higher authority, with the only regret here being that they must be paid fairly and equally, but that doesn't mean those in the upper echelon (at least those that are not part of the 1%) didn't deserve what they have, matter of fact a good amount of people who earn 200k per year worked their asses of in the academe and the corporate world to even begin dreaming of this shit, you can't just go out here and say they didn't deserve what they have just cause we're trying to drive a narrative here which I very much am behind.

Plus, let's quit with the notion that bitcoin will save the whole economic system. At best what it could do is help people who are unable to invest a chance at getting passive income, don't make bitcoin as if it's the second coming of jesus christ as it paints the wrong picture for those who are newbies in the industry. They'd come in thinking they'd be fucking rich, only to be disappointed cause they aren't able to earn as much as they want.

AnonBitCoiner

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Quote from: leonair on March 17, 2024, 05:32:23 AM

Bitcoin can be used as an alternative to money but there are also many risks as Bitcoin is not limited to a specific price. As the price of Bitcoin is not stable, it cannot be compared to FIAT and the money savings cannot be relaxed like FIAT. Bitcoin is a powerful asset it can only be paid with Bitcoin as a perfect FIAT alternative for investing but Bitcoin cannot be used as a default currency to the exclusion of FIAT.

Bitcoin can just use for investment purpose so if we think that fiat will be replace if we use bitcoin for multiple uses then we are wrong because fiat has its own importance which cannot be fulfilled with the help of bitcoin.

Bitcoin is highly fluctuated currency whereas fiat does not posses any volatility. Fiat currency can used for daily uses whereas if we use bitcoin as a purchasing option then we will have to pay with different amount of bitcoin depends on the price of bitcoin. So I don't think that bitcoin can ever be consider better than fiat and also bitcoin cannot replace fiat at any stage of life.

Abiky

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Quote from: MissNonFall9 on March 03, 2024, 10:30:59 AM

According to me the difference and inequality between rich and poor can never be controlled. We are thinking that through BTC this inequality can be reduced or controlled but the problem is that money has to be used to buy BTC as well. That means people with more money will be able to buy more BTC and people with less money will be able to buy less BTC. Again, there are many people who are not interested in investing in BTC and prefer fiat currency savings or investing in fiat currency. Many people who invest in BTC will withdraw their investment from BTC when the value of BTC is too high.

I get your concern. Especially now when most wealthy companies, institutions, and/or individuals are acquiring large amounts of the circulating supply. If this keeps up, the "average Joe" will be left behind in the dust. Things are worse when network fees skyrocket. Developers claim the Lightning Network is a solution to Bitcoin's scaling problems, but I fail to see how that's the case when you still need to make an on-chain transaction to open/close a channel on the LN (where high fees can't be avoided).

It would've been best for BTC to gradually increase the block size to establish a balance between decentralization and scalability. Forks like BCH and BSV have a higher block size, but they're centralized because they did it "all in one go". If they would've taken the "slow and steady" approach, they would've stayed decentralized by now. Only time will tell us if Bitcoin will be able to fix the world. Sad

Mrbluntzy

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We need the government, we need fiat currencies in every country and because fait is stable, people are relaxed to use it without the fear that th value can drop overnight or increase overnight. Fiat money doesn't have a high volatility like Bitcoin. Bitcoin is only a digital currency and it has its uses too, although it can be used for payment but Bitcoin is more asset for investment than legal tender.

In my opinion, let the government fix fiat to avoid the too much of its devaluation and the high inflation and let people who have the knowledge about Bitcoin be allowed to invest into Bitcoin at their risk.

leonair

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Quote from: Promocodeudo on July 04, 2023, 04:00:48 PM

The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

Bitcoin can be used as an alternative to money but there are also many risks as Bitcoin is not limited to a specific price. As the price of Bitcoin is not stable, it cannot be compared to FIAT and the money savings cannot be relaxed like FIAT. Bitcoin is a powerful asset it can only be paid with Bitcoin as a perfect FIAT alternative for investing but Bitcoin cannot be used as a default currency to the exclusion of FIAT.

SmartGold01

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Irrespective that everyone has equal right to bitcoin doesn't mean that there will be no controversy over the poor and rich, now let me just clear you something a bit here; Bitcoin is a digital currency right? Good!

But you can only have access to it if you have money and you can have much value as you want if you have the fiat readily available with to buy and hold, and also come to think of this don't you feels when the rich venture into to buy and have higher possession of it what could be the results of those who hasn't purchased bitcoin for the first time, will be bitcoin be too expensive for them to have a decent digits of bitcoin or what?

So same people people you think are controlling fiat can also control Bitcoin, you have access to bitcoin same it's as you having access to fiat but the truth still remains the same that if you don't work for it you won't have money and if you don't have money you can't have bitcoin, the truth is bitcoin is just like fiat the only difference is it has no central authority where government could start regulating it unlike cash where government control and regulates.

Churchillvv

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That was the initial purpose of Bitcoin, taking power of finances from the elites to the masses, and at this point I think it might not happen because this same people are using their influence from the government perspective to hinder this purpose of Satoshi Nakamoto, by banning Bitcoin related stuffs in their countries.

One thing I know is that the rich are afraid of losing there social status and hence with all means they try to maintain that social statuses. in the ladder of social strata Bitcoin has become a backup to the upward mobility of the masses, it could lead to paradigm shift that will put everyone in equal stand but is that even possible? from a psychological view not everyone is equal so there most be a superior and inferior that will be the problem of the world.

If only the ladder of social stratification is made easy then it would be better because anyone serious can just mobilize to a new level and hence alot of people in the world would leave their current status.

I think Satoshi was philosophical in thought that lead him to creating a back up currency to push people into the world of equality with Bitcoin and it's decentralized system.

Dailyscript

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Quote from: Promocodeudo on July 04, 2023, 04:00:48 PM

just imagine making Bitcoin handy and accessible to the populace.

I can't imagine that, OP. It is affordable to everyone, How low do you want the price of bitcoin to be before you can see that it is affordable to everyone. Bitcoin started with a low price; why didn't these people have pity for not buying it by then when they were not aware of it? I see you speaking out of regret and nothing else.

Now, the people who have been successful and become rich with bitcoin now expect them to live equal lives with the poor. It cannot be possible, it took them processes to achieve the level of greatness they have now. If the poor masses want to be rich, they should work hard, invest, and someday they will be liberated.

Belarge

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Quote from: Negotiation on March 03, 2024, 01:15:45 AM

Your point here is very important because if all rich and poor people of the world or all traders use Bitcoin, then Bitcoin will help to eliminate the differences between people. But mostly those who are doing big business or managing an organization. In their case, they may not make a full investment in Bitcoin at some point but some people have. Those who are very smart tend to store bitcoins as well as some other currency, which serves as a reserve for them later.

The world is filled with problems that money can solved most of them sufficiently. Everyone needs money to survived and cater for their essential needs. Sometimes I wonder what this world could turn into if not providing the necessary details to push forward. The world is already a better place only for those category of people that are successful, they lived in comfortable luxury mansions and drives the latest exotic cars and take tour round the world. While the financial challenge category will only wish for a better life more like an upgrade.

Ben Barubal

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Quote from: Promocodeudo on July 04, 2023, 04:00:48 PM

The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

The majority of countries in this era are not yet open to blockchain technology, which is why they do not accept Bitcoin or cryptocurrency in their country. And the others that they have even taken down or blocked so that none of their citizens can access their website platform.

But it would be nice if the majority of countries were open to these opportunities, while Bitcoin or crypto is open to all countries or to all people around the world as long as each individual has an interest.

Topic: Fix the money, Fix the world. - page 3. (Read 1522 times)