Topic: Fix the money, Fix the world. - page 5. (Read 1522 times)

It's very unlikely governments will allow Bitcoin to become's the world's next reserve currency. While it holds promise to make money better by eliminating the middleman, it won't solve the gap between poor and rich people. Market prices are irrelevant here, especially when people can just buy fractions of a BTC (satoshis) without "breaking the bank". The problem would be getting poor people to use Bitcoin as they lack Internet access, or even a device (phone, tablet, or PC) that would connect them to the Blockchain.

I don't see the world getting better when Fiat currencies are the dominant force of the economy. At least, we have a choice. As long as Bitcoin remains decentralized, there should be nothing to worry about. Just my thoughts

The purpose of using Bitcoin as a currency is as an alternative when there are restrictions, or economic embargoes on the part of certain countries carried out by certain authorities (US, European Union, IMF, World Bank, etc.). For example:
1. Countries that have an economic embargo so that they cannot access certain currencies in trade transactions.
2. Companies/entrepreneurs who have strong political opponents. Political opponents in power try to block access to international and domestic trade transactions. So companies/entrepreneurs use Bitcoin as an alternative transaction tool.

Then, the question is whether Bitcoin can become a world currency one day.
In my opinion, this is influenced by the law of Action-Reaction. The bigger the Action, the bigger the Reaction. The greater the action of political pressure, economic sanctions/embargoes, including geopolitical wars against certain countries, the greater the global reaction to using Bitcoin of its kind as currency. The greater the threat of global rulers to the freedom (freedom) of companies/owners of capital, the more fearful they are of trying to defend "life" with Bitcoin. Besides, the price of Bitcoin is very expensive, poor people can't buy it and I also don't think Bitcoin can balance the poor and the rich.

I agree. In this case, it's more on accepting a new system that has gathered a few negative take from those outside of the community that already knows the ins and outs of the bitcoin system. Afterall, we are talking about money, quite literally one (if not the most) important aspect of an individual's life, you can't expect people to just dive in and trust a new and foreign system for their money. So yes, it's not about the division of rich and poor but more on the comfortability and trust of the target users.

I don't believe there is anything that can be done to stop social segregation it is real and it won't go away. the status will always be there between the rich and the poor, and the rich and the government has made living difficult for the poor the economy is just fucked up, recession hitting everywhere and life has become difficult, and the issue of manpower  the rich will always want to be recognized, the clear truth bro is that everybody can not be rich, make sure the investment you want to do consider the risk and also the demand, before establishing, doing business is not just easy as well in this economy.

But there are also many strata below that have bad thoughts and habits. I've seen workers refuse to work hard and instead assume they don't have to do much because wages are so low. But if we pay them a better salary, do you think they will work harder or will demand more? The rich are greedy but the poor are no different.

If you have a low salary, why don't you try to work, try to improve your knowledge to get a better salary, instead of just asking without any effort? We should not blame the business when we have a low salary, you first need to review your qualifications as well as what you have contributed.

This sounds unfair on the government and the so called Rich citizens!!

Think about it, when it comes to paying tax the poor and rich all pay taxes to allow the government provide basic  needs such as good health care, education, subsiding other products and services etc.  And believe it or not the Rich too are complaining of being over taxed because they have several businesses to run which are tax paying and in all fairness let's not break a system that's working for all.

I know how much we love our financial freedom but have you thought about it what would happen if people stopped paying their taxes if the the alternativeeconomy of crypto was wholey supported? It will cripple the system and our countries will nolonger have the capacity to build new infrastructure, sponsor its citizens into better schools/universities and all basic needs will nolonger be easily available as resources won't be readily available.

We handling this matter with kids gloves, if we can complain about the small taxes we contributing today, imagine what would happen if taxes are now optional with the freedom to come...it means it's likely to be a case of no one making contributions as everyone will feel able to afford private Healthcare which is very expensive btw.
To be honest, let's allow these two systems to coexist to avoid any confusion!!

Differences in social strata will always exist in life. But the problem is when the strata above try to oppress the strata below. be it with money or with anything else. But it will still be a good thing if the upper and lower strata help each other in their respective roles in the economy. for example rich people build companies and open job vacancies for the lower class. and the upper class also provides a decent salary with the work done by the lower class. and the lower classes will certainly also be helped and feel happy to have been employed by a big company.

Now the problem is that in several developing countries there are many companies that provide salaries below the minimum wage. which makes it even more difficult for workers economically. plus inflation. then of course the situation of the lower classes would only get worse. usually companies that do not pay salaries according to minimum standards. are companies that have not been officially registered with the government. and in fact there are still many companies like that.

This is like deforestation in that those who live in a community that will be affected by those forests getting cut down can't stop it because they don't have powers. Even in our legal systems right now, some can acquit someone if they have money to pay and are not guilty. Money is really power, and if you don't have it, then for sure you won't be treated fairly. I'm not really sure if Bitcoin can do this, as the government is trying to suppress this for sure, as they don't want things that they can't control.

Yes, I agree. As you said, both are required. Everything has advantages and disadvantages.

It's been established that money has long been used as a tool of oppression but it's also important to consider the feasibility of the transformation which you think bitcoin can make. Yes, bitcoin offers decentralization and individual control, but achieving full adoption and eliminating the existing power dynamics may not be practical. The influence of the rich and governments is deeply entrenched, extending beyond the realm of traditional finance. As bitcoin's decentralized nature has advantages, its widespread adoption and accessibility to the entire populace face significant challenges. Additionally, the complexities of socioeconomic disparities cannot be solely addressed by a single currency.

Nowadays money can manage everything including things that are difficult to fulfill by certain people but with money we can do it, as happened in certain countries that set up a company that is indeed very disruptive to people's lives but the community has no power to stop the project because they have paid to people who already have power, As you said, maybe Bitcoin can solve the problem because the government cannot fully regulate the spread of Bitcoin, so those of us who are still poor can take the opportunity.

People don't need to buy a whole BTC to get into the revolution. They can simply buy fractions of a Bitcoin for complete peace of mind. It doesn't matter how much BTC is worth in Fiat terms, as long as it's used as a currency. Unfortunately, most people are focused on the profits like you've said. Whales and rich people are the ones who hold the most BTC, while the rest is left behind in the dust.

I really don't see BTC fixing the world, other than removing banks, governments, and other middlemen from the system. It removes trust, but it doesn't solve equality issues. At least, BTC is off to a good start. If it keeps progressing, it might make the whole world decentralized. You can see how some countries are gradually accepting BTC as legal tender. Who knows if someday people lose trust in Fiat currencies backed by corrupt banks and governments? Just my thoughts

Permit me to repeat what I do say on the forum, but in a twisted way. Bitcoin will not fix the world, it can't even cause the evenness you desire between the rich and the poor, or do those who hold the coin have the same amount/value in their possession? The world is what it is and no government is oppressing anyone, neither would government pray that anyone in their country should be poor. Only nature, circumstances and environments force it on people, we should leave it that way and strive to be rich.

Also, have you seen perfection anywhere? You can see it neither with health, stature, beauty, riches, emotion, brilliance, opportunities, or in anything. This is also why there will always be a line between the poor and the rich. Even if everyone is rich, who will answer to the other to do some jobs? The world can't be balanced, not even Bitcoin can make that happen.

But it's not as easy as it seems, because governments have the ability to regulate legal tender for use in their countries and only a few countries in the world allow direct adoption of Bitcoin for various needs. What's more, what you say will only be real if Bitcoin is adopted en masse by people who are fed up with the current financial system, but what if investment and financial institutions like BlackRock and JP Morgan enter the Bitcoin market and try to disrupt the economy there? can you still be sure that Bitcoin can provide equality to its users? maybe it will be profitable for some people, but what about others? they could suffer a loss. That's why using Bitcoin as a means of payment is not yet a solution to be able to provide financial equality to people, but maybe it will be able to change the lives of some people globally.

I see, your emphasis is more on the financial condition of a person from poor to not getting poorer and this is very wise. You are right, an entrepreneur needs an employee to run his business and pay him the minimum wage according to the UMR standard (Minimum Work Wage) and if that is done it will be very helpful, especially since the employer provides additional rewards on big celebration days and work bonuses at the end of the year for his employees.

Maybe this is true, but in fact it is difficult to apply. Even though it may be possible in certain areas, in general there will still be differences between the rich and the poor. Even in terms of language, there are lower, middle and upper economic classes. This indicates that there are levels of economic strata which of course have various impacts in real life. One of them is related to what can be done. Many people say, the more money you have, the more powerful you can be. Money isn't everything, but with money, you can sometimes buy power. Sometimes justice is not for the right, but for those who have more money and power. This is cruel and it shouldn't be like this. but this is what usually happens here, maybe not everywhere, but there are many incidents like this.
And it is very difficult to change this mindset.

What you say is not wrong, because if everyone is in the same level of caste in life, then bosses and big business people will always find it difficult to find workers who really have to rely on the physical in order to be able to operate machines along with the existing devices within the company or factory. So the balance of life with the rich and the poor is a pretty good thing because both of them can be helped in terms of work, although over time new workers will continue to be born with a number of companies that will also continue to exist at any time.

It'll be difficult for Bitcoin to be the number one currency in the world, The government and banks assigning so much value to the fiat wouldn't want folks to break off the illusion of the fiat currency.
Yeah, correctly said. The current Bitcoin price can only be bought by the rich and not even half of it can be gotten by the poor. Wanting to fix the money so everyone can have self control and custody over their finance is wonderful.

The usage of Bitcoin because it's borderless makes it so much unique. I love the picture the original poster is trying to create, even if it'll take the masses time to get to the full adoption of Bitcoin, it's best for the general public to know how the government use, controls, and steals from them with the utilization of the fiat currency and fiat standards.

That is really the problem: if all are equal, who will be your employee in your business? Are the owners now going to maintain it? How about the demand of the customers, which you can't cater to all? There are really purposes, but what I don't want is that poor people are getting poorer, and mostly we are paid less even when we do the job well. Like the minimum wage, there is almost no increase in it, and the prices go up, which makes it more difficult to live. That kind of indifference would need to be fixed, and rich people should pay more taxes.

Your argument here is not entirely correct.
I believe that Bitcoin is what the world needs to break free from oppression and gain freedom but I also believe that it is not 100 % possible. The government of world knows that not lose their power over the people they have to control the money. And since they are aware that people are increasingly investing in Bitcoin it implies that they are slowly losing their control on the people. Believe it or not, the government have already started buying Bitcoins and they are busy so much of it so that they can control the supply. And once they are successful in their plans and schemes, we would be back to square one.