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Topic: The future of btc in reducing poverty and inequality - page 2. (Read 146 times)

sr. member
Activity: 518
Merit: 433
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I really don't understand how people equate Bitcoin as a saviour of all.
Bitcoin wasn't created and doesn't really combat poverty.
It's money with an appreciating value that gives control.

Many people don't have the internet or smartphones needed to use it.  We also need clear rules about Bitcoin to make sure it's used safely.  And people need to learn how to protect themselves from scams.

Bitcoin isn't the only one that faces such challenges, Fiat do too
Scams exist in Fiat way before Bitcoin was envisioned.

newbie
Activity: 23
Merit: 5
 Bitcoin could really help reduce poverty and inequality, but it's not a simple fix.  It has some great possibilities, but also some big problems.
The good things are that Bitcoin could help people who don't have bank accounts get access to money.  This would let small businesses grow and people could easily send money to each other, even across countries. Sending money home to family would be cheaper and easier.  It could also make things more transparent, so there's less chance of corruption.  Basically, it could give people more control over their own money.
But there are also big challenges.  The value of Bitcoin goes up and down a lot, which makes it risky to use for everyday things.  Many people don't have the internet or smartphones needed to use it.  We also need clear rules about Bitcoin to make sure it's used safely.  And people need to learn how to protect themselves from scams.
So, Bitcoin could be helpful, but it's not a miracle cure for poverty.  We need to make sure everyone has access to the technology, that the rules are clear, and that people know how to use it safely.  It needs to work alongside other ways to fight poverty, not replace them.so what are your taught and opinion on this topic
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