Are you telling me that those starving people in Africa can't put away $10 a month for bitcoin? they have access to internet cafes and can easily open an account on some kind of future exchange. in a few hears, there will probably be cards or paper wallets issued with the private keys, that can then be redeemed when necessary. maybe that's the reason why so many in the third world are poor and need access to banking services -- to promote savings and investment habits.
i think what we need are PR people in places like africa that can visit communities and teach the locals about the benefits of bitcoin and how it can help them. for just $10 a month, they can watch their investment grow; this can save them from poverty.
Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 190. (Read 631985 times)
February 18, 2014, 01:05:16 PM
February 18, 2014, 01:03:06 PM
To be specific, I was writing that "almost everyone" in America, or any developed country has access to Bitcoin. I understand that with a global mindset that Bitcoin is NOT accessible to most of the world easily. However, that could and will hopefully change at some point. Bitcoin could be helpful for places where banking is not easily accessible for them. Hopefully, at some point, all that will be needed is cell phones.
Probably time to stop feeding the troll, otherwise you'll be here all day with his "well what about this, and what about that" bullshit.
Oh, someone has a different opinion than you do? Must be a troll. Turn on Ignore-Mode! *LALALALALALALALA*
in all seriousness, i don't see the point in providing banking for people who can't even afford food. please explain to me.
Trolls need food before they can afford BTC.
Oh. That wasn't serious.
Andreas Antonopolous talks about the opportunity for "banking" services opening up doors for the 3rd World in many of his talks. He is quite passionate about it and it is one the main reasons he is excited about BTC. Google him. I can't do his explanations justice.
I know this guy, I have watched a few youtube videos of him already and read an article or two, and he seems like a very smart guy to me, i wouldn't argue against that. But im not gonna google to find some alleged arguments that he made for the sake of this discussion...you have to realize this is a bit ridiculous. either post the argument here, or let it be.
It is hard to solve the banking problems of the 3rd world in a sentence or two. Sorry about that.
Hence why I am trying to bow out gracefully, knowing the subject matter is beyond me. I remember a few arguments he made alongside "people save fees if they send money back home to their families" and something like people could use cellphones and sms for obtaining bitcoins and so on, but this all just affects people who already are doing well enough to afford a cellphone and its fees, and of course all food and shelter, or they probably wouldn't get a cellphone. So it's not really about the majority of people who are starving. that was my point - maybe in some circumstances it would help some people, but i don't really see any great solutions of big problems there...but of course i might have missed something. im far from beeing an expert on this topic aswell.
February 18, 2014, 12:58:38 PM
To be specific, I was writing that "almost everyone" in America, or any developed country has access to Bitcoin. I understand that with a global mindset that Bitcoin is NOT accessible to most of the world easily. However, that could and will hopefully change at some point. Bitcoin could be helpful for places where banking is not easily accessible for them. Hopefully, at some point, all that will be needed is cell phones.
Probably time to stop feeding the troll, otherwise you'll be here all day with his "well what about this, and what about that" bullshit.
Oh, someone has a different opinion than you do? Must be a troll. Turn on Ignore-Mode! *LALALALALALALALA*
in all seriousness, i don't see the point in providing banking for people who can't even afford food. please explain to me.
Trolls need food before they can afford BTC.
Oh. That wasn't serious.
Andreas Antonopolous talks about the opportunity for "banking" services opening up doors for the 3rd World in many of his talks. He is quite passionate about it and it is one the main reasons he is excited about BTC. Google him. I can't do his explanations justice.
I know this guy, I have watched a few youtube videos of him already and read an article or two, and he seems like a very smart guy to me, i wouldn't argue against that. But im not gonna google to find some alleged arguments that he made for the sake of this discussion...you have to realize this is a bit ridiculous. either post the argument here, or let it be.
It is hard to solve the banking problems of the 3rd world in a sentence or two. Sorry about that.
Hence why I am trying to bow out gracefully, knowing the subject matter is beyond me. February 18, 2014, 12:53:15 PM
To be specific, I was writing that "almost everyone" in America, or any developed country has access to Bitcoin. I understand that with a global mindset that Bitcoin is NOT accessible to most of the world easily. However, that could and will hopefully change at some point. Bitcoin could be helpful for places where banking is not easily accessible for them. Hopefully, at some point, all that will be needed is cell phones.
Probably time to stop feeding the troll, otherwise you'll be here all day with his "well what about this, and what about that" bullshit.
Oh, someone has a different opinion than you do? Must be a troll. Turn on Ignore-Mode! *LALALALALALALALA*
in all seriousness, i don't see the point in providing banking for people who can't even afford food. please explain to me.
Trolls need food before they can afford BTC.
Oh. That wasn't serious.
Andreas Antonopolous talks about the opportunity for "banking" services opening up doors for the 3rd World in many of his talks. He is quite passionate about it and it is one the main reasons he is excited about BTC. Google him. I can't do his explanations justice.
I know this guy, I have watched a few youtube videos of him already and read an article or two, and he seems like a very smart guy to me, i wouldn't argue against that. But im not gonna google to find some alleged arguments that he made for the sake of this discussion...you have to realize this is a bit ridiculous. either post the argument here, or let it be.
February 18, 2014, 12:49:30 PM
To be specific, I was writing that "almost everyone" in America, or any developed country has access to Bitcoin. I understand that with a global mindset that Bitcoin is NOT accessible to most of the world easily. However, that could and will hopefully change at some point. Bitcoin could be helpful for places where banking is not easily accessible for them. Hopefully, at some point, all that will be needed is cell phones.
Probably time to stop feeding the troll, otherwise you'll be here all day with his "well what about this, and what about that" bullshit.
Oh, someone has a different opinion than you do? Must be a troll. Turn on Ignore-Mode! *LALALALALALALALA*
in all seriousness, i don't see the point in providing banking for people who can't even afford food. please explain to me.
Trolls need food before they can afford BTC.
Oh. That wasn't serious.
Andreas Antonopolous talks about the opportunity for "banking" services opening up doors for the 3rd World in many of his talks. He is quite passionate about it and it is one the main reasons he is excited about BTC. Google him. I can't do his explanations justice.
February 18, 2014, 12:46:15 PM
To be specific, I was writing that "almost everyone" in America, or any developed country has access to Bitcoin. I understand that with a global mindset that Bitcoin is NOT accessible to most of the world easily. However, that could and will hopefully change at some point. Bitcoin could be helpful for places where banking is not easily accessible for them. Hopefully, at some point, all that will be needed is cell phones.
Probably time to stop feeding the troll, otherwise you'll be here all day with his "well what about this, and what about that" bullshit.
Oh, someone has a different opinion than you do? Must be a troll. Turn on Ignore-Mode! *LALALALALALALALA*
in all seriousness, i don't see the point in providing banking for people who can't even afford food. please explain to me.
February 18, 2014, 12:37:58 PM
To be specific, I was writing that "almost everyone" in America, or any developed country has access to Bitcoin. I understand that with a global mindset that Bitcoin is NOT accessible to most of the world easily. However, that could and will hopefully change at some point. Bitcoin could be helpful for places where banking is not easily accessible for them. Hopefully, at some point, all that will be needed is cell phones.
Probably time to stop feeding the troll, otherwise you'll be here all day with his "well what about this, and what about that" bullshit.
February 18, 2014, 12:25:56 PM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
I think everyone that lives in a developed country with access to the internet is part of an "elite" crowd already in a way. We can get philosophical about this. But I think the main point is that anyone that can afford to buy a few lattes at their local Starbucks can log into free internet there and buy Bitcoin. It is fairly accessible to anyone IN A DEVELOPED COUNTRY, regardless of how entitled the person is. The question of course is how much can they buy? They should be able to buy at least $5 worth if they just forgo one Frappuccino. But I do agree the the open to "everyone" was exaggerated when thinking in global terms.
omg...you just said "everyone that lives in a developed country" and not 3 sentences later you claim its "fairly accessible to anyone". so the 5 billion people who aren't in this special group can be just swept under the rug, only really the 2 billion people in developed countries count? this is really disgusting...how can someone be so entitled...
OK. I fixed it. I would have thought you could get my point with the context.
Notice my last line "open to "everyone" was exaggerated when thinking in global terms."
Wow. Just wow.
its also wrong if you just take the developed world. the whole idea of "its open to everyone" is completely ridiculous and stupid. and simply wrong.
Homeless people on "skid row" in Los Angeles have cell phones so I am not so sure that there is no way they could get their hands on $1 worth of BTC.
But if it makes you feel better, insert "almost everyone" instead of "everyone" if you want to be precise.
again, how on earth is "a tiny minority" in your brain "almost everyone"? im asking you for the fifth time now i think
To be specific, I was writing that "almost everyone" in America, or any developed country has access to Bitcoin. I understand that with a global mindset that Bitcoin is NOT accessible to most of the world easily. However, that could and will hopefully change at some point. Bitcoin could be helpful for places where banking is not easily accessible for them. Hopefully, at some point, all that will be needed is cell phones.
February 18, 2014, 12:16:48 PM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
The sad truth is that "people from 3rd countries" are not "people".
I am not saying that they aren't human but their way of living is so different that we cannot include them in the term "people".
We have no idea of how they think, what do they want, how do they live.
I think that as Occidental citizen, we devote our life to ignore and exclude the 3rd world.
You may find few people that actually care about the excluded but are they actually doing anything to change the situation ?
How can you help people that you cannot reach and understand ?
The second sad truth is that most people from the 3rd world want to be obese-selfish-consumerist.
They would probably do the same : exclude and ignore others.
It doesn't matter where you are born. You are a human, you are the scum of this world.
No human is better than an other.
scum or not scum, a tiny minority is not "almost everyone". Fullstop.
February 18, 2014, 12:15:14 PM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
The sad truth is that "people from 3rd countries" are not "people".
I am not saying that they aren't human but their way of living is so different that we cannot include them in the term "people".
We have no idea of how they think, what do they want, how do they live.
I think that as Occidental citizen, we devote our life to ignore and exclude the 3rd world.
You may find few people that actually care about the excluded but are they actually doing anything to change the situation ?
How can you help people that you cannot reach and understand ?
The second sad truth is that most people from the 3rd world want to be obese-selfish-consumerist.
They would probably do the same : exclude and ignore others.
It doesn't matter where you are born. You are a human, you are the scum of this world.
No human is better than an other.
February 18, 2014, 12:15:05 PM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
I think everyone that lives in a developed country with access to the internet is part of an "elite" crowd already in a way. We can get philosophical about this. But I think the main point is that anyone that can afford to buy a few lattes at their local Starbucks can log into free internet there and buy Bitcoin. It is fairly accessible to anyone IN A DEVELOPED COUNTRY, regardless of how entitled the person is. The question of course is how much can they buy? They should be able to buy at least $5 worth if they just forgo one Frappuccino. But I do agree the the open to "everyone" was exaggerated when thinking in global terms.
omg...you just said "everyone that lives in a developed country" and not 3 sentences later you claim its "fairly accessible to anyone". so the 5 billion people who aren't in this special group can be just swept under the rug, only really the 2 billion people in developed countries count? this is really disgusting...how can someone be so entitled...
OK. I fixed it. I would have thought you could get my point with the context.
Notice my last line "open to "everyone" was exaggerated when thinking in global terms."
Wow. Just wow.
its also wrong if you just take the developed world. the whole idea of "its open to everyone" is completely ridiculous and stupid. and simply wrong.
Homeless people on "skid row" in Los Angeles have cell phones so I am not so sure that there is no way they could get their hands on $1 worth of BTC.
But if it makes you feel better, insert "almost everyone" instead of "everyone" if you want to be precise.
again, how on earth is "a tiny minority" in your brain "almost everyone"? im asking you for the fifth time now i think
February 18, 2014, 12:11:43 PM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
I think everyone that lives in a developed country with access to the internet is part of an "elite" crowd already in a way. We can get philosophical about this. But I think the main point is that anyone that can afford to buy a few lattes at their local Starbucks can log into free internet there and buy Bitcoin. It is fairly accessible to anyone IN A DEVELOPED COUNTRY, regardless of how entitled the person is. The question of course is how much can they buy? They should be able to buy at least $5 worth if they just forgo one Frappuccino. But I do agree the the open to "everyone" was exaggerated when thinking in global terms.
omg...you just said "everyone that lives in a developed country" and not 3 sentences later you claim its "fairly accessible to anyone". so the 5 billion people who aren't in this special group can be just swept under the rug, only really the 2 billion people in developed countries count? this is really disgusting...how can someone be so entitled...
OK. I fixed it. I would have thought you could get my point with the context.
Notice my last line "open to "everyone" was exaggerated when thinking in global terms."
Wow. Just wow.
its also wrong if you just take the developed world. the whole idea of "its open to everyone" is completely ridiculous and stupid. and simply wrong.
Homeless people on "skid row" in Los Angeles have cell phones so I am not so sure that there is no way they could get their hands on $1 worth of BTC.
But if it makes you feel better, insert "almost everyone" instead of "everyone" if you want to be precise.
February 18, 2014, 12:08:51 PM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
I think everyone that lives in a developed country with access to the internet is part of an "elite" crowd already in a way. We can get philosophical about this. But I think the main point is that anyone that can afford to buy a few lattes at their local Starbucks can log into free internet there and buy Bitcoin. It is fairly accessible to anyone IN A DEVELOPED COUNTRY, regardless of how entitled the person is. The question of course is how much can they buy? They should be able to buy at least $5 worth if they just forgo one Frappuccino. But I do agree the the open to "everyone" was exaggerated when thinking in global terms.
omg...you just said "everyone that lives in a developed country" and not 3 sentences later you claim its "fairly accessible to anyone". so the 5 billion people who aren't in this special group can be just swept under the rug, only really the 2 billion people in developed countries count? this is really disgusting...how can someone be so entitled...
OK. I fixed it. I would have thought you could get my point with the context.
Notice my last line "open to "everyone" was exaggerated when thinking in global terms."
Wow. Just wow.
its also wrong if you just take the developed world. the whole idea of "its open to everyone" is completely ridiculous and stupid. and simply wrong. its accessible only to a tiny minority, but you keep trying to define smaller groups just so you can claim "its open to everyone!!! (within this tiny group)".... wtf is wrong with you?
February 18, 2014, 12:06:48 PM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
I think everyone that lives in a developed country with access to the internet is part of an "elite" crowd already in a way. We can get philosophical about this. But I think the main point is that anyone that can afford to buy a few lattes at their local Starbucks can log into free internet there and buy Bitcoin. It is fairly accessible to anyone IN A DEVELOPED COUNTRY, regardless of how entitled the person is. The question of course is how much can they buy? They should be able to buy at least $5 worth if they just forgo one Frappuccino. But I do agree the the open to "everyone" was exaggerated when thinking in global terms.
omg...you just said "everyone that lives in a developed country" and not 3 sentences later you claim its "fairly accessible to anyone". so the 5 billion people who aren't in this special group can be just swept under the rug, only really the 2 billion people in developed countries count? this is really disgusting...how can someone be so entitled...
OK. I fixed it. I would have thought you could get my point with the context.
Notice my last line "open to "everyone" was exaggerated when thinking in global terms."
Wow. Just wow.
February 18, 2014, 11:53:16 AM
You belong to the wealthy elite as long as the bitcoin price stays at these levels but have you considered the fact that the system has techinical problems and therefore cannot be used for currency.
That's a strange statement, since I've been using as currency for four years.
Based on the slowness of transaction.
It can be used for transactions that are rare (such as buying lambo or a castle in Estonia), but not for everyday purchases such as cup of coffee/tea and bag of food etc. You see, it is too slow for merchants (the 1st confirmation takes 10 minutes).
WorldCoin takes 30 seconds. The transaction is fully confirmed within 1 minute.
There are huge threads about this - credit cards take months to "confirm" and yet people can buy coffee with them. The ten minute block time is something used as FUD, if you really want to understand the issue, read the threads to get a good understanding.
February 18, 2014, 11:39:13 AM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
I think everyone that lives in a developed country with access to the internet is part of an "elite" crowd already in a way. We can get philosophical about this. But I think the main point is that anyone that can afford to buy a few lattes at their local Starbucks can log into free internet there and buy Bitcoin. It is fairly accessible to anyone, regardless of how entitled the person is. The question of course is how much can they buy? They should be able to buy at least $5 worth if they just forgo one Frappuccino. But I do agree the the open to "everyone" was exaggerated when thinking in global terms.
omg...you just said "everyone that lives in a developed country" and not 3 sentences later you claim its "fairly accessible to anyone". so the 5 billion people who aren't in this special group can be just swept under the rug, only really the 2 billion people in developed countries count? this is really disgusting...how can someone be so entitled...
February 18, 2014, 11:31:13 AM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
I think everyone that lives in a developed country with access to the internet is part of an "elite" crowd already in a way. We can get philosophical about this. But I think the main point is that anyone that can afford to buy a few lattes at their local Starbucks can log into free internet there and buy Bitcoin. It is fairly accessible to anyone, regardless of how entitled the person is. The question of course is how much can they buy? They should be able to buy at least $5 worth if they just forgo one Frappuccino. But I do agree the the open to "everyone" was exaggerated when thinking in global terms.
February 18, 2014, 11:13:18 AM
i should said i ment any one that CAN save money... woulda saved you the hassle of writing that essay in reply to 5 words..lol
February 18, 2014, 10:55:06 AM
Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.
"Bitcoin is open to everyone"
Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.
second that.. im in college and working 40 hours paying a 8k euro loan and 20k mortgage (neither are my debts,,, im 22) and i struggle to afford buyin any coins.. i havnt gone out in 4 months since i heard about crypto (not even for xmas) cos bar food, bills and other necessities i am putting everything i can into crypto in the hope that in 2-3-4-5 years.. my family wont be broke as shit like it has bin my hole life! i genuinely feel sorry for any one who can see the potential and the money that can be made but just cannot afford to put money in.. everyday things will always come first before investment.. i think the only way crypto will help people in 3rd world countries is by shielding them from inflationary currencies and by allowing family members to send money home with much lower fees but that will only happen once they have access to buy-send-sell coins.. i live in ireland and i have no way of cashing out and i dont see any way in the fore see-able future.. im not sending passport details and address details and all sorts to 3rd party exchanges/processors. fuck that! so i dont see how any one in a worse situation could? (yes i know theres far more people in allot worse situations)...
ps. i cant fucking stand those rich kids that think they deserve everything.. i also have little respect for any one who claims to be a "self-made millionaire" or successful business man/women when if you look into their back ground.. they come from wealthy families who could give them thousands to start out.. if you didnt earn every penny yourself, say so and stop acting like you worked your ass of to earn you first 1k,10k,100k... that first 10/20k is the hardest part... lets see them start with minimum wage jobs payin rent and bills and food and see how well they do.. dont claim to be self made if some one built the fucking ladder for you and all you had to do was climb it.. massive respect to anyone who came from a hard background and made something of themselves!
sorry.. rant over lol
i mostly agree, the only thing i have a problem with is you claiming that we could help the 3rd world by "shielding them from inflationary currencies". fact is, deflationary currencies are good for the HAVEs, not for the HAVE-NOTs. someone who doesn't have anything to save up because he has to put everything into food and shelter is obviously better off with an inflationary currency, where he earns more every day and can afford the same stuff. with a deflationary currency, only someone who is able to save it up for a while can profit from it. everyone else loses, especially those who don't have any money. it's really very simple, and very obvious. what i don't understand is how you can confuse this and think its the other way around? actually many people here do...but why? who spreads this FUD?
to make this more clear: why is inflation good for someone who doesnt have anything to save? because he will spend it the same day he earned it, so inflation doesn't affect him. it only affects people who have so much that they just leave alot of money lying around, not doing anything with it. for them, the value decreases, so inflation is bad for people with lots of money. conversely, a deflationary currency helps the people with big stashes of money, because they just have to let it lie around and it gets worth more and more. they don't have to work or do anything, other people will work for them. just inherit some deflationary currency, and all is well. for the poor guy, who cant save up and who didn't inherit anything, its very bad, because services will be more expensive for him, since he has to spend it right away and cant wait before the money gets worth more.
February 18, 2014, 10:45:35 AM
Shitstorm. Ok gentlemen, let me correct.
Bitcoin is open to anyone that can invest xx amount of money and have xx minutes per day to spend reading on the Internet about cryptocurrency.
Agree now ?
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