Topic: Fix the money, Fix the world. - page 7. (Read 1627 times)

The world as we know will always have controllable fiat currency, the government need it to stay in power. Bitcoin can always be an alternative currency that'll be acceptable in most part of the world as adoption begins to grown but it can't overthrow the fiat currency to become a world currency. Bitcoin has to be regulated if it wants to be used as a reserved currency just as the United States of America dollars is been used as a reserved currency.

It will take decades to achieve if Bitcoin wants to become a reserved global currency that's why Bitcoin been an alternative currency is okay. You can decide if you want to use the fiat currency or use Bitcoin that's fully decentralized and holds other benefits like increasing in value.

yep, what we can do right now is just to focus on raising more money. Because we have witnessed how money currently has a fairly high influence in the eyes of society or in government. And it's not a matter of which is superior between fiat and Bitcoin. but it's about how we take advantage of both and produce both to make our life better. so that we can live comfortably and even live like a king with the financial strength we already have.

You can't fix the whole world by "fixing" the money. I guess you are trying to say that with the removal of centralized financial system, and embracing the decentralized crypto currencies, the world will be a better place? Nope, I don't think so. Lets be realistic here. Even if the centralized financial system is removed, as long as we have a "centralized" government running the country, there won't be any "decentralized" crypto currencies. The government will twist the laws to make make the usage of crypto currencies in their country centralized and will try to control the currencies. What if the government put laws such as not accepting any transaction that comes from a "non KYC/verified" source. What are you doing to do then? They won't say that bitcoin is illegal, they will only say that we can't accept this bitcoin from you because we don't know the owner/source of those coin.

Investing in Bitcoin is open to anyone with the capital and understanding. What you convey, in my opinion, is real and if we look at it from the perspective of socio-economic disparities, this is very correlative and becomes one of the barriers to entering the market and investing. In a logical sense, who doesn't dream of owning some BTC in an investment account or a trading account. I'm sure all have such intentions. Well, this is what sometimes creates obstacles for those who are still economically weak to participate in the market and affect their investment returns.

In my opinion, there will be no solution to balance the rich and the poor. Moreover, what happens when everyone gets rich and no one works for whom? A world that is too perfect is sometimes not a good thing.

What you are worried about is not wrong, but we will not be able to prevent it because people will constantly destroy the earth to serve their ambitions, they will never care what will happen to the planet. I have also thought of a distant future, our earth will be like in fantasy movies, where we will no longer be as comfortable as we are now.

When you use fiat currency, you also have the right to store or use your money. But fiat money can be printed many times, and that is such a serious problem that inflation cannot be stopped.

However, if bitcoin is to be used as a world currency, in my opinion the results will not be much different. It is still possible for rich people to buy lots of bitcoins and play with the price of bitcoins on the market, even though it is difficult because the number of bitcoins is limited, it can still happen. Perhaps the most significant difference is the absence of inflation when using bitcoins due to the limited number of bitcoins.

Even though bitcoin was originally created as a digital currency, for now I tend to favor bitcoin as an asset. What makes it sexy, because the price always rises from year to year, makes people pay attention to bitcoin

There is an idealism in wishing for perfect exchange but we can certainly do better then the current system.  We have a national currency used internationally as a reserve currency in every central bank of the world.  The majority of the world population has no direct way to earn dollars themselves and no control to the authorities that issue dollars.   There is the idea of a series of relays and control bodies, trade agreements, the UN or whatever body you want to refer to but its politics not capitalism we have.   The world does suffer for lack of a proper non biased system of currency, I certainly believe we can much improve OP is correct it would benefit us all.

Bitcoin also follows such a path.  The uneven distribution of wealth is the main problem and Bitcoin does not deviate from that.  Uneven distribution of wealth's effect does not concern whether it is centralized or not.  The result will always the same, the one who have the bigger funds will always play with the people who have less funds.  We have seen this kind of thing when someone with huge stash plays the market creating both hype and fear.



Thinking that Bitcoin will make the poor and rich equal is naive at its very core.  Remember in every action there is always an opposite equal reaction.  So Bitcoin users that have huge holdings will always have a greater impact on the Bitcoin industry than the user that has less.  And btw, people also have the right to store or use fiat money even though it is known as manipulated by centralized authority.

There is nothing wrong with the idea that the OP said because I also did not say it was something wrong but on the other hand of course we also know that such conditions are clearly something that is difficult to happen.
When talking about rich and poor everything will be endless especially when you want to equalize because this will not be able to even be forced.
Talking about bitcoin everything also remains the same because in this case when talking about investing we who can be said to be ordinary people cannot be equated with billionaires who make investments because it is an impossible thing.
They have a wider range than us even though in terms of investment we are the same but in terms of numbers it will obviously be very much different.

I don't deny that because there are some things that money can't do but on the other hand we live where money will always be praised and people who have money always have advantages and higher qualifications than those who don't have money.
Talking about influence in society when we don't have money we may also have a great influence but such conditions must be done in a way that is not easy because we must have some advantages so that we are recognized and have influence in contrast to people who have money their way will be easier.
I'm not going to be naive in this case because we live where the money paradigm rules. not that I'm a money worshipper but in this case I'm trying to be more realistic.

The most of the government was favour the financial institutions directly or indirectly.It was common factor to developed countries like United Kingdom,United States and developing nation like Africa,Asia and small under developing countries.So the government is ruled by the mankind and not by the ideal person who lived in 19-20 centuries.If you want to get escape from all this web learn and earn more money.That money will safeguard you one day.

I think this strata will remain the same forever because basically no one can equalize between the poor and the rich.
Even though in terms of position in life it can be said to be the same with the same rights, there will still be significant differences in this regard so trying to equalize between the poor and the rich will clearly not be possible.
Many hope (especially for the lower middle strata) that this will be equalized, but of course the rich also have hopes that things like this will continue to be the same as they currently are because basically this is also like maintaining the conditions in which we live according to the existing axis because there can be no word rich if everything is equal.
In bitcoin, this can also be distinguished because even though the investment is the same, there are differences in terms of strategy and content in the portfolio.
We will not say that there will be a pope if all those who invest in bitcoin are equal to each other so that even though things like this seem like they are demeaning the poor but this is a fact that cannot be avoided.

This isn't even a new thing neither, like even 5000+ years ago that was the case, we had a rich class and we had a poor class, depending on where you live, even slaves were the lower class, and people who didn't know any better just assumed that was the things should be, it took us like just 100 years ago or so until we got rid of slavery all together, some a bit later but generally it was over.

So all in all, I have to say that it is not an easy thing to say that lower class should get closer to richer class, it is not a simple thing, if it took us thousands of years to stop slavery, then wage slavery will definitely take longer. One thing I worry more is that desire to make more profit is hurting the world itself, the earth, we may not have a habitable planet because of it.

Actually the problem between rich and poor is still not easy to solve. Because both will continue to exist and side by side. Bitcoin can indeed be a solution when it comes to avoiding a centralized system. but if talking about improving equality in financial life is like making poor people rich then it is still not as easy as one might think. Bitcoin only helps in freeing us to store and transfer the assets we have without relying on a centralized system. but with a system that is decentralized but very transparent and has no transaction restrictions even between countries. Bitcoin is also an investment vehicle that is considered to have good potential in the future. but the issue of getting rich is still about working hard, being consistent, being disciplined in financial management, namely not being wasteful and being good at using money in order to be effective and productive. etc.

No, that's not what bitcoin was created for. Bitcoin was created as a solution to people's crisis of trust in centralized finance and banks, it's not a place to get rich. Even if someone can get rich from bitcoin, it is because of the other uses of bitcoin as a tradable asset.

So once again, bitcoin is not to make you rich, but bitcoin exists because the financial world has experienced a crisis of confidence in banks and their centralized system.

Money is really the root of evil, tgere is no doubt about that.  Yes all the bad guys in it for the money, sure there are weirdos like dahmer but all terrorist leaders, all dictators, all wars, basicall all major bad things always happens for more money, even "more power" equals to money, why? Because at that point you do not spend money for most things, you spend the taxes and yet you do whatever you want, which would cost money for others.

But there is no point on dwelling over this and keep complaining and crying about it at all, its tge reality and you cant really change that. You can vote against it but thats just the reality, we cant make a big change at all. I hope that things change but if you cant then its better to grow and ignore and do your best in order to have a better life

There's no way that equality would happen on this cruel world on which it would really be just still that we would really be able to see that there would be always those people who would be sitting on the top.
Bitcoin isnt something would really be resolving such thing but somewhat it doesnt mean that it cant do something but rather it would really be opening an opportunity for those people who are at the bottom for them to have the chance on having at least those kind of earning opportunity but of course we do know on who do have always the advantage when it comes to this.

This is why it would be much better that you shouldnt really be stressing  yourself out when it comes to equality because rich and poor is something that cant really be that removed
in todays society because we know on how this world works and what are the things enclosed into it.

Rich and poor part that can not be separated in this world. Rest assured friends, it's the truth.
Bitcoin was created as a solution when the economy experienced a severe downturn. Directing Bitcoin to be a solution to unite rich and poor there are sides that will not meet because "countries" still perceive Bitcoin as a barrier that will damage their income system.

You are right that everyone has the same right and power to use it, but at the current price of Bitcoin, the poor as you mean probably won't find it as easy for the rich to use as an investment asset.

The gap between rich and poor in society is not a natural thing, what I see here is that all the cases are born and raised in close proximity to each other, go to school and work, but the difference in understanding knowing how to receive and adapt in life makes them have their own differences in qualifications and the ability to make money. I see very rich people, most of them are very good people in many different fields, some manipulation or control that the OP assigns is just a case of appearing in a whole spectrum of life, and the bitcoin solution story that equalizes everything as well as many other things are coming out and doing just that.

Of course, the world would be a better place without differences between the rich and the poor, but unfortunately this will not happen even if Bitcoin is adopted, there will never be equality between the poor and the rich at any time.

Look at the current situation, there are a few dozen rich people with tens of thousands of bitcoins while the majority have only small amounts, the whales who own huge amounts of bitcoins are manipulating the market and dominating bitcoins.

Equality between the poor and the rich is a dream that mankind has dreamed of since ancient times, but it has not and will not be achieved one day.

What makes you think that the rich cannot oppress the poor using Bitcoin? We have seen it multiple times where the whales have manipulated the market for their own benefits and made small investors their victims for earning profits, and they do it every time they want to since they know there are vulnerable investor who would sell them their coins very cheap which then they can sell at a higher price, panic sellers help them achieve this very easily.

So even if a poor can use Bitcoin to store their wealth, this doesn't specifically mean that they can get out of the traps of the poor, they will always be superior no matter what happens, one who has money will always attract money and money has the power to do anything in the world.