Central, regulatory institutions only help to restrict, control and stop you from working when you can work. It prevents first starters from taking the first step to gain work experience. Impoverished circumstances will lead most first starters to take any ungainful experience that actually lead nowhere in life. The end result of systems that serve the banking system is always bail outs for the banks.
Could you explain how bitcoin could possibly end world poverty?
Its not like its going to create water, food and education out of tin air.
Its not going to make earth able to support more population.
Well, it will require a lot of factors to come together to end world poverty, but the main problem with the global debt economy is that it favours a redistribution of wealth towards the banking system - The house always wins in the world casino, as it is manipulated by unelected officials with an agenda to uphold the status quo. There is enough wealth to go around in the world, but this is being restricted and siphoned by geopolitics and pirates. Exclusion from participation in walled gardens is what is known as a tragedy of the commons.
Tight controls always stifle growth and innovation. e.g. many industries are basically dead in Australia due to politics that shift emphasis towards housing and unproductive governmental bureaucratic bean counting.
Bitcoin, or alternative currencies, are the means to sidestep the stranglehold of fiat currencies that are tied to the banking system. Alternative currencies help to get people working and providing and sheltering for each other. Community becomes self-sustaining when everyone participates and cooperates, instead of fighting or scamming each other.
The objective of computing science is efficiency through streamlining processes and eliminating redundancy - If successful, society needs to eliminate all of the useless unproductive “jobs” that the government create for the sake of upholding the ideology that there should be “jobs”. Alternative vision is to look outside the box and see that the concept of “job” is simply a prison, an enslavement, a restrictive contract-construct that does not have to be.
Here is a video discussing how Bitcoin will end world poverty: https://www.youtube.com/watch?v=GtmUYrpLDgE
So less jobs will make everybody happy. Sounds like the greeks has found the solution. Lets all do like the greeks.