Bitcoin Forum

The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

But this is not going to happen, we've seen countries banning bitcoin and disliking it. From our perspective, there's nothing wrong in adopting bitcoin wholly. While for those countries, they're seeing something bad on it so they wouldn't touch it and won't allow its people to get involved on it. With that, they can't be sure if how many of their people owns bitcoin secretly. This is not about dividing the rich and the poor but, this is all about embracing a new technology and monetary system that's no longer requiring the intervention of a government entity.

Contrary to what some people think there will always be a divide between rich people and poor people,
Bitcoin wont solve this but it can offer everyone an opportunity to store and transfer whatever wealth
they have without permission from a third party.

We are already seeing interest from "institutional investors" towards Bitcoin, just look at the amount of Bitcoin
ETF's that are being applied for, this is to facilitate the wealthy people and their appetite to invest in Bitcoin.
Poor people unfortunately have very little to start with so it will be difficult for them to develop their wealth.

  that is actually the advamtage of btc market, it is for people from all walks of life and of course, borderless. but there will always be rich and poor people, that's how our social status is going to be. but in this market, everyone is welcome.  actually much better than forex market imo. you need certain amount to join in the forex market, whereas, there's no min or max you can hold when it comes to crypto

According to your topic, "fix the money, fix the world", the problem of the world is more than the currency control.

And if everyone has bitcoins, there will still be some way to distinguish between the rich bitcoin holder and the poor one.

If you buy bitcoins once and just have bitcoin because other people do, you will not get rich from it. The rich people still have an advantage in bitcoins because they can always invest more, but someone with low financial capability need to plan to invest many times in bitcoins by buying not just once.

I have talked about this as my political idea for a long time. I am a liberal, which means that all the socialist "lets distribute the money equally" things are way too funny to me, I believe that doesn't work and we have seen plenty of examples. However, social liberalism works, it has bene proven time and time again, as long as there is no corruption in the government, that means there is a safety net at the below level, so we are not making everyone equal, but we do not let anyone starve to death, or people like in the USA who dies because they can't afford insulin, all those are gone, the bare bottom is increased, however the top is not hurt while doing it. This allows a government that adjust a nations budget in a way where if you want to be a billionaire you can be, but you are at least guaranteed not to starve to death or be homeless, that is social liberalism and I believe that would solve every single issue we ever had.

There is always going to be a great distinction between the rich and the poor. Even the holy books which sees into time, made it clearly so.
Yes, money controls the populace, but even with the acceptance and use of BTC by both classes of citizens in a country, the ratio of profit or loss from investments in BTC is definitely going to be different for individual users, because there are several ways to earn from it, several strategies to employ and also deploy as tools for trading.

Every individual user would be responsible for their finance and quality of life, but I wonder if the rule of law would have much sway because everyone can bail themselves out of the police nets and courts and prisons.
The freedom to live anywhere would suffice and less care for border restrictions and visas, because if you have BTC, you can afford the cost and standard of living.

What makes you think those at the top think of fiat as broken and may want to fix it? The system is working as intended as this means a great deal of resources flow from the masses to them, in their opinion fiat currencies are doing exactly what they were designed to do, the currency they want to fix is bitcoin, as this idea of a decentralized currency that gives back the power to the people is something they do not want to see.

In this kind of situation, I really don't see how Bitcoin could be of any help, because even if Bitcoin is to be generally accepted and used as a means of payment globally, people will still have to own it equally, and there will be no form of restrictions on what it could be used for. It can also be used to oppress the poor like any other currency.
 
Those who are Rich are the ones who will buy and hold the larger number, and when the price appreciates, they will also take the larger profit since profit is to be calculated based on the amount of holding.
 
Anything that could be used for Bitcoin can also be used in those cases. The only difference is that in Bitcoin, transaction manipulation can't be done, or at least it's nearly impossible, and no central authority can also take charge of or restrict the transaction that is to be executed.

Society has turned out to be that those who are financially balanced seem to be in control of a lot more things than those who are below them, because they will definitely want to offer twice what a normal person will, and the people in power seem to always be in their favor because there is more to achieve than doing the right thing. Those are not just problems with local currency; anything that could be used as money can serve that same purpose. Bitcoin is not an exception.

Bitcoin isn’t going to close the bracket between the rich and the poor. Today bitcoin is $23,000, it’s not exactly affordable for the poor to buy at this time, only those who were smart enough to seize the opportunity to buy bitcoin in the early days are the lucky ones. Read the bitcoin whitepaper, Bitcoin doesn’t solve the poverty problem, it provides a safe haven from censorship and government control, unfortunately people are more concerned with making profits than using bitcoin as a currency.

From what I understand so far bitcoin is accessible to everyone no restrictions of poor or the rich, what matters is that whenever you have the available fiat to purchase bitcoin you can go to any reliable exchange and acquires it and store in your wallet. And maybe if people who has money invested in bitcoin and the price soar in a way that the poor can't be able to hold a decent amount of bitcoin do we also calls it that rich are also controlling bitcoin or government control it?

Ain't know where did you get this price but it catch my attention and quickly look at the price chart but it wasn't.
But I tend to agree with you, that's why Bitcoin has a smaller fraction that can able to have as long as you can cover the fees.

That's good of what Bitcoin had.
One of Bitcoin's unique features is its accessibility to anyone, regardless of location or socioeconomic status.
With Bitcoin, everyone has an equal opportunity to store and utilize the currency, effectively eliminating the divisions between the rich and the poor.  By enabling self-custody of funds, individuals can take charge of their financial lives, free from the constraints imposed by traditional financial systems.  The most important is you must be knowledgeable enough about this system.

Yes, I agree with you, but it's not as easy as you might think, because Bitcoin is considered by some people as new products that are still difficult to accept by society. Many keep Bitcoin only as an asset and investment just to increase their wealth, not as a currency that will be used in the future, Therefore Many sell their asset when touch high prices and make bitcoin is still fluctuate product, therefore many people have not been able to accept the fluctuate product.

That's a utopia what you are talking, there will always be a segregation between rich and poor, even if Bitcoin has succeeded replacing traditional currency, the current rich people will still be able to buy more bitcoin than the poor ones. We are now living in mostly capitalist and free market system and I think it will not ever change, there will always be rich and poor and tall wall that divide them. I am not saying it is bad, but it is what it is and it's inevitable.

If it is about investing in Bitcoin, I don't think there is any involvement of the government in it, unless the government itself is the investor. Because investing in Bitcoin can be done by anyone as long as someone has capital and understands how to do it, and it doesn't matter if someone is poor or rich. It's just that usually rich people are always more flexible in making investments because rich people always have the capital to do it earlier.

Meanwhile, those who are poor always need to struggle to collect their capital first if they want to make investments like many rich people do. So that's all that distinguishes between rich people and poor people in investing. Apart from that, I don't think there is anything different and it could even be the same in terms of profit if the amount of capital is not much different.

Whatever it is that could be accessed by anybody by way of money is always disadvantageous to the poor. While I believe that Bitcoin is a better money, I don't think it is a perfect money.

It is indeed a revolutionary thing for money to have no central authority, permissionless, could be fully owned, and so on, but since Bitcoin has a price in fiat and whoever rich enough could have as much of it as he/she could afford, the poor is always at the losing end.

People don't have equal access to Bitcoin. That's the reality. Yes, everybody can buy Bitcoin, but 1 BTC at the moment is at $30,800.

True I agree with what you say and the fact is like that,
there will always be rich and poor it will continue to happen maybe it can only be reduced,
what is clear is part of life so we have to accept it.

The problem really is that the government is banning Bitcoin and they want to control things. Though there are now countries that legalize it, most of the country still doesn't want it, as we know that they want to have complete control and again control the poor. What I've just realized is that we are really working hard for the company that pays us, but we are not working on ourselves, as we just want that company to improve. OP, I think we will stay where we are now, but in the future, let's see what will happen to the statuses of Poor and Rich people.

In my opinion, in this case, of course, we shouldn't have too bad suspicions about the government and others, because what I know is that the government does something for a reason and of course it is to build the people's economy so that more advanced.

In my opinion, bitcoin and fiat currency must of course still exist because both are very much needed and of course money has advantages and disadvantages, as well as bitcoin, of course it has advantages and disadvantages.

But unfortunately, not any type of currency as a segregation. Economic strata is determined by the value of a person's wealth long ago. Even though bitcoin adoption has gone global, the rich can do more than the poor can and there are more opportunities in this space.
Bitcoin provides the opportunity for financial freedom, it's just up to a person how to prepare and meet the challenge. I mean, competition is in every economic sphere. The rich also want "freedom" from the oppression of the government system, one of which is through currency.

Looks like you need to explain what the oppression you meant by the government/rich people, because this makes me somewhat less understanding where it is in this case.

Without a separation between the poor and rich?
This thing in my opinion is impossible, even if Bitcoin has been legalized as a currency for payment tools, because your logic has 100 BTC but there are people who have 10000 BTC, of course you have a low class than people who have more bitcoin totals than you , as is the case with Fiat, you have $ 100 and other people have $ 10000, so with Bitcoin also rich and poor there must be, which in the insting of people who have many bitcoin will definitely be appreciated by other humans even though this is subjective.

If the rights are in my opinion from the average regulation, that humans have the same rights, such as the right to life, the right of state, the right to expression, be educated, the right to have strength and others. But sometimes you have to pay for other people's services to get better services, or you will be applied to pay food at an expensive price in a luxurious place, if you can't pay it then entering you into the poor category is natural, because in the conclusion you are not not Having rights, but you don't have money as well as if BTC is implemented.

If you don't have BTC, then you will work for people who have a lot of BTC to pay for your work services.

Bitcoin is also money so how can someone afford it if they are poor? Bitcoin is not really came here to bring financial equality but eliminate the middle person in a transaction.

Only important point to note is it's decentralised so not controlled by government or an individual which gives financial freedom and eliminate the power of printing unlimited money. So Bitcoin may reduce the financial inequality with this power but it's not the ultimate solution for poverty since it's completely rely on the hands of policy makers.

Bitcoin will not eliminate the divide between the rich and the poor... but it will reduce the gap between the poor and the rich, because it gives them a technology that are cheaper than the traditional Banking system.

Many poor people cannot afford a Bank account, because of the fees that are charged by the Banking sector, so Bitcoin puts a technology in their hand that will open up a world of opportunities for them to operate small businesses with little or no Banking fees. (Lightning Network)

The world economy has been designed to favor some powerful countries. These powerful nations manipulate the economies of weaker countries. Currency is one of the tools of control because international trade is mainly done with these currencies. This has given these nations an undue advantage over others. If Bitcoin is adopted as the currency for international trading, it has the potency to reduce the influence these powerful nations has in the global market. It will also reduce the strict control by governments of the financial activities of individuals because Bitcoin is decentralized.

Fiat doesn't also segregate because if you engage in profitable activities you will also get fiat money. Bitcoin is not the savior of the world. It will not make the poor rich or create a just and egalitarian society. People need to have money to buy Bitcoin, so the poor will still be sidelined. The standard of living in a country will determine how successful Bitcoin will be in such a nation. If the people see financially stable, they will enjoy the benefit, if they are poor, they will not have access to bitcoin.

Eh, I don’t think there is dominance by rich people. They are rich because they know how to use the money to make more money and how to utilise the man power to do so. You wouldn’t believe but rich are those who are setting up their own businesses around the world, they are hiring skilled peoples, paying them the salaries and much more. Let us not make this discussion any harder.

Yes throughout the history there had been some ups and downs. But it’s mostly win win situation. Those who understood the assignment of business they fired it up and went up in the economic point of view and those who did not well they are just crying.

I think it’s all about what is our perspective when looking at money, how we earn, what we do, how much efforts we take for the same.

You thought that bitcoin would achieve equality between classes or make everyone happy, so I am afraid that you will be shocked when you know that bitcoin will not do that. The world has rich, poor and middle classes, NO MATTER how much you try to separate these classes, there will be a difference in them, but the poor class must get the basics of life that enable them to live in dignity.

The greater the differences between these High, low, middle classes and the absence of middle class, the greater the sense of inequality, the emergence of chaos and the need for political and military changes, and perhaps wars began like how War II started. Therefore, the virtuous city is that which has a rich and educated middle class, a poor class that possesses the basics of life, and a rich class that is not separated from reality.

Money reform is not a solution to these problems, but it is an entry point to the solution.

Bitcoin gives more financial freedom than fiat currencies and/or storing money in banks. But Bitcoin can't solve the power dynamics issues, can't solve poverty. After all, those who are already rich have the best opportunities to invest in Bitcoin (because they can afford it) and crypto businesses. Yes, some people have their lives changed dramatically by Bitcoin, but that just adds a new small class of people who are rich because of Bitcoin, rather than removes poverty or even reduces it significantly. I think the biggest step toward 'fixing the world' is a big value shift that we haven't quite reached yet. But I do believe in humanity and that we can arrive to the idea that people should not be obliged to work to have their basic needs satisfied anywhere in the world.

Fix money - you will fix the world! Many years ago, I might have agreed with this statement, but now I think that this system has crossed all boundaries a long time ago, and repairs are impossible. It's too hollow, leaking from all sides...

If we wish to "fix the world" we need major changes. I guess that crypto can be the right tool, but again, it's just the tool in people's hands. Will it be used in the right way, will it bring transparency and better distribution of wealth we will see I guess.

There was a day I was having a session with my little nephew and they said something that drag my brain, they were like what if the government abolish the fiat system and start with another system of exchange even if they don't adopt Bitcoin and was just having different series of imaginations and thinking through my heads because seems like the world is going to collapse when that kind of thing should happen, the world has dipped its system into fiat system as if there will be no alternative in the future.

The hands we all possess are not equal, it wasn't today this started, inequality has been there right before Christ BC when different modes of payment have been in existence, and as long as this is the kind of evolutionary trend that still continues, inequality will always be there, even in Bitcoin, not everyone that owns a full Bitcoin, I don't even have a full BTC my self.  ;D

Even though the price of bitcoin dropped to the point where every one can afford it do you think everyone will be willing to own bitcoin? the fact is that the word segregation between the rich and the poor was invested by politicians who see the masses as the poor and themselves as the rich and god to the poor so even though bitcoin is embraced by the whole world which I think won't be possible their will still be long distance between the rich and the poor because they will always want to stay ahead of the purchase and they will achieve that with the money they stole in their respective offices.

I think bitcoin can only help in adding more development to the economy of any country that has fully accepted it's usage for payment of goods and services and also help in creating more job opportunities for the citizens of the country but it won't automatically close the gap between the poor and the rich and it won't make the poor to be rich overnight because it is not a money doubling scheme regardless of its value.

I can say that you have a point, I am also poor but there are also rich people who help the country through good deeds such as charities and foundation organizations owned by rich people. I can't blame you because I have also experienced what you say about exaggerating wealth and power.

As for being equal, you say that if bitcoin is used by the majority, there is a possibility but there is a partner who can lose or win. And It is still controlled by rich people, then there are countries that have not yet fully accepted its use. But it's really better for me that bitcoin is just an alternative to real money.

To fix the world, fixing money is also important but their are other factors also exist which will fix the world once they get good intention. Such as the knowledge of avoiding discrimination of poor and rich, among your children so that once they become poor or rich they will respect each other.

Good morality of a person also plays an important role if we want to fix the world. But according to our discussion about money being used to fix the world i can say, yes it could change the world for good.

For example i have seen many people mostly poor or middle class families to make a better living out of BTC. Which means it has opened many ways for everyone to make their dreams come true by earning through BTC like spot Trading or by holding it.

The truth is that the monetary system of the government can't change, it will always be the same which is a centralised system of money. The government can't abolish the fiat system because it is something they benefit from to enrich themselves,  I know this won't be possible and creating a new system of money that is decentralised can't take place because they get access to money that they can steal. I think the fiat system will last for a longtime.
Whether Bitcoin or not it won't stop the oppression from the Rich to the poor, Bitcoin will only help the poor   from the government for the poor to have control over their money and will  give the poor opportunity that can be of good benefit to their financial life.  The problem or challenge is not from the rich but from the government.

This means nothing because the differences will always be there. Whether you choose to accept bitcoin as universal language of monetary funds or trade its gonna be same all the time. It’s simple math, there will be always upper class because they would be holding lot of assets, businesses, government positions, powers to control trade market and what not. They will always posses more bitcoins for example as compared to the common person like me. There is only one thing here to note, you either learn to use others OR get used to being used by others. I am talking about owners VS corporate worker lives here. I think this statement will make you think why there are such differences and why they can’t go out just because you chose Bitcoin over fiat.

World control is not just about money.
Even though there is some truth in what you say, when it comes back to the context of rich and poor, it is actually necessary, everyone cannot be rich and everyone cannot be poor.
It's like an inseparable chain where if there is rich then there must be poor because we cannot define us as rich if there is no comparison.
Talking to bitcoin needs to be remembered that this is also only one of the options for investing and trying to get profits, not that this is the only person to get rich so that in this case everyone has their own way. Those of us who are in bitcoin will definitely choose bitcoin as a means to benefit ourselves but we also cannot compare ourselves with others because everyone has their own strategy and it could be that other people also think we are wrong because they have their own perspective.

That's the world that we're living in, there will always be the rich and the poor and this is the system that we'll have to live with forever unless there's a new system where the riches of these people will be shared upon to everybody. And good thing that there's a likely of it and that's through Bitcoin. You're right that this is for everybody, whether you're poor, you're rich, you're average, this is for all and it doesn't have any requirement on who's eligible to own it. As long as you're able to buy and hold it, that's it.

Well, in most exchanges, there's a certain minimum amount how much a user can start trading to buy it.

in some aspects, OP's idea of fixing the world has a point. but on Earth, it's the rich guy's world. whoever has more BTC will rule and will still oppress the young countries. once one country is dependent on the rich, you can expect the poor country will get sanctions.

money had been fixed many times in the past and we always return to Gold and silver backing the real currency but after hundreds of years pass, we'll be back again to one empire losing its grip passing the torch to another.

Money is only one of the factors that provide power. You also need a certain influence in society and a certain position. Money doesn't always matter - do you need money in the wilderness? No. Survival skills are needed there. So it all depends on the specific conditions - there is nothing that provides absolute power.

The world would be a better place if everyone had knowledge about him/herself.
No one using guesses, or interpretations of speeches and people's opinions.

Until recently, the prevailing belief was that the world was ruled by powerful powers using the power of violence that they monopolized.  Those forces are religious institutions and politicians.  But this belief has changed since the end of World War II after the geopolitics circumstances let us be surprised that it is governed by the power of the dollar and we understand that influence is made by the financial system, not by the power of soldiers.  This concept developed with the emergence of Bitcoin, which can be said to be the first real competitor to the power of money in the concept that we are used to.

The rich oppress the poor, that's not new, the world is filled with oppressors. Government and citizens, men and women, Father and Child etc nobody that doesn't feel like they're oppressed especially when love is nowhere to be found. I've gone through some of the history behind the oppressed and realized that nothing solves the problem other than love; the oppressed showing love to the oppressor. As for bitcoin, it's money and can be purchased with fiat so, Op's idea is not solid since the rich can always purchase as many bitcoin as they could, if the world finance moves towards bitcoin. The rich work so hard to keep up their businesses and they use employees to execute menial jobs and take the credit when the job is completed or accomplished.  Things only gets better if everyone focus and work towards their dreams instead of thinking of the stress they're subjected to by their master or boss whatsoever.

It's frustrating how money has been used by the rich and powerful to control everything. Bitcoin does offer an alternative with its decentralized nature. It puts the power back in the hands of individuals, giving everyone control over their own money. Imagine a world where there's no divide between the rich and the poor, and everyone has equal access to Bitcoin. It could definitely make things better.

Government has being against bitcoin and government is were corruption started what is happening today in government is not a new thing we know that bitcoin is recent technology that is fighting means to be legal tender but government is suppressing the awareness and value by banning bitcoin across some states, the poor has being reliefs with the existence of bitcoin on like before so if government should embrace bitcoin generally that means many people will be like them and that's why they are trying to abolish bitcoin technology not to exist

I agree to this and I agree more that bitcoin can offer even the poor the opportunity to be able to hodl bitcoin in expectation of an increase in what they have invested in the future.  Although the quantity of investment by the rich and poor varies because the poor can only afford to invest in smaller quantities but at least it has an investment power that will become worthy of value in the long run. Even where bitcoin can't solve the gap between the poor and the rich but it reduces it quite significantly. Like we see many traders and hodlers of bitcoin unlike when it was newly created, this shows more people are getting into the circle of bitcoin.

Why would bitcoin change the rich and poor balance? That doesn't make any sense. If you are saying that all the hodlers will be rich, how many ex poor people is that from the population? How is that money moving from hodlers to poor again? Bitcoin doesn't just keep rising infinitely so that eventually everyone is rich. That's not how anything works.

It's a whole different argument what permissionless transactions do to countries if they are fully adopted by everyone, but that doesn't have anything to do with people being poor and rich. That could only be fixed by radical politics.

Bitcoin is just money and if we want to get out of poverty, if we want to have money then we need to work hard.  i really don't find bitcoin useful in balancing the rich-poor balance, even if it is used globally and as a replacement for fiat.
If you are a poor person because you are lazy and don't work hard, you just expect to hold bitcoin to get rich, then you don't deserve to be rich. honestly, if you are not rich, you should find a way to be rich instead of just blaming everything around you. 

You're pretty optimistic, that's a good thing. But the thing is, the whole system is feeding off of this disparity and that fact alone is the reason why things wouldn't change even if bitcoin became the second coming of Jesus Christ. The system is just rigged from the beginning that everyone in it including us. To "fix the money" as you try to put it, would basically mean that you would need to topple the current status quo in favor of a future that we're not even sure is possible.

Besides anarchic moves such as disrupting the system of currency in the world there are other better ways to incite change in the world. Mere boycott of products that actively participate in damaging the environment is more than enough to incite change.

it is very hard to make bitcoin fully adopted in the whole world with any countries who ban it because we can not force all countries accept bitcoin since they have their own right to manage their own governance. some governments of countries prohibit to use bitcoin because they feel that bitcoin has many risks for their citizens and their on going national economy.

We live in an imperfect world and a perfect society is something that we can never have. That’s practically impossible and we might as well live it be and get yo accept reality as it really is.

We leave in a nation were there are boundaries and as such, there would always be means to some control and fiat currency is a much better tool to archiving this. Pumping it in or vice versa could create desirable effects for the government and they know that. How then do you expect them not to use it.

In order for bitcoin to be handy as you hope or wish for it to be, it’s got yo peak first, following the highly scared nature of the currency and with that, the least Sat has got to have some real value for exchange for it to go round the many devices we’ve got surfing the web for the multitude that buys the idea.

I think poor people have had gold as an alternative to freedom since ancient times, it was accepted around the world to this day. But because the level of knowledge is low, making the ruler's doctrine about the importance of the financial system still leads the poor to the path of oppression.

I don't agree that fixing the money fixes the world. I agree more if increase knowledge, fix the world. Bitcoin is only a modern representation of money of freedom, but its existence will not change the status of the poor.

That obviously doesn't mean that when you have money you have everything,
compete in knowledge because that is what can fix the world,
However, there will always be poor people.

what I imagine is that if bitcoin is a single currency, bitcoin is not owned as a currency in a country, but a country that owns most of the bitcoins, then they can control the price. therefore we must be able to keep up with the times and must be able to use it more effectively. this will be very useful if we have international business, of course with bitcoin it will expedite our efforts in matters of payment

The statement "Fix the money, fix the world" If I mean it. it does not guarantee to be the sole determinant of social welfare. I think that addressing wealth inequalities and systemic problems requires a comprehensive and multifaceted approach to addressing social inequalities and one option is as OP said above Bitcoin as an alternative where the use of BTC as an alternative currency that gives individuals power, control and self-custody. widely and as a solution to the financial gap has not been fully adopted by the public.

The world has never been fair and not entirely equal, and undeniably the rich always oppress the poor in every way. But don't blame them because if you don't want to be oppressed by others, get rich, and find a way to get rich, you will never be oppressed again. For me whining and criticizing others will not solve the problem, instead find a way to fix it and get over it.

Regarding the OP's idea, I think the OP seems to be being too delusional about bitcoin and treating it as a god rather than a currency.
Bitcoin can reduce poverty, reduce unemployment, and now the idea of bitcoin can balance rich and poor, I really don't know if anyone has any other ideas about bitcoin,  :P.

Hard yes but it's even harder before when the whole world don't have any optimism with Bitcoin. Right now, we're getting close or we're at least there where the world is trusting Bitcoin not just individuals that have been here but also financial institutions as big as BlackRock and other companies that has the same trust as them. We can't do anything with those countries that have already imposed a ban on Bitcoin, maybe sometime in the future that they'll alter that belief and will also join the bandwagon for accepting and allowing Bitcoin on their areas. But today, there's so much better things happening on it that we'd never expect to happen if you've been here for a long time already.

Fiat currency is part of a System of slavery that oppresses the enslaved ... It is a system of control by an evil slave master who rules over billions of people. The rich, who are equally enslaved, are at top of the system, often used by the slave master against the poor in a manner that is more parasitic than mutual.

Fixing fiat currency alone won't solve the issue as long as people remain under the power of the slave master. The solution is to have a right alternative which should be decentralized for obvious reasons, then get the enslaved to abandon the centralized system and join the alternative. But you'll need to convince the slaves first why they need to flee the slave master and join a decentralized alternative system like Bitcoin. Most of the slaves will not understand and could be used to fight those who try to free them, to protect the evil system they are used to. Even when they decide to use Bitcoin, it would be for the wrong reasons rather than taking advantage of its decentralized features to become free from the slave master's financial control.

There will be few people out of the billions who will choose Bitcoin for the right reasons and use it the way it should be used. There will few who will choose the right path. The rest will take the wrong path of centralized financial control, whether through fiat or cryptocurrency. Adopting crypto without using it properly or in decentralized manner is a bad as using fiat digitally. This certainly will keep the slaves enslaved, powerless, abused or oppressed by those who control them.

It's theoretically possible for the rich elite/governments to manipulate the Bitcoin price(by buying BTC, by spreading FUD or by directly banning BTC/crypto). What happens then? I've said this multiple times. Bitcoin is not some kind of magical solution for all problems. Bitcoin cannot end wealth inequality. Bitcoin cannot take away the power from the rich elite and give it to the masses.
You are right about one thing. Money is a tool. But money is not the main source of the rich elite's economical and financial power.
The rich elite owns various financial assets and production facilities. This is way more important than simply having money in the bank.

I think it's unfair to only conclude like that when life is in balance with good people and bad people, rich people and poor people. Not only some parts want to control and manipulate things through matter, because we also have a lot of people who know how to use material things to help people.


I think about the problem that we live in this context about you are not in such a position and only see the problem negatively, and the solution from bitcoin or crypto can be stated but in reality we need a lot of time to get it. adapting to the general social context, like the popularization of the internet since its birth to the present, we can see everything happening quickly but it takes many problems like time.


It's always good that we complicate things on our own, prejudices are caused by our self-regulation and bitcoin is not necessarily an easy solution, I see the problem of universalizing morality in life rather than talking about economic or technological issues to maintain the good.

What you described is why the government won't allow Bitcoin to succeed, Bitcoin succeeding means the government and the rich won't have any control again and the government will be powerless when they don't have control over our money. Through controlling money is how the government ensure her citizens will be under their control and enslave them. Money can't be fixed as it's centralized and been controlled by the elites in our control.

If we want to fix money then it has to shifted from centralized to decentralized as Bitcoin is which will make it difficult for the government to have control or regulate it. This looks very impossible to achieve so we can just say the world as we know it can never be fixed totally.

I know what you mean and want from a world financial point of view. But all of that is not enough because when we look back at the conditions in one country, the reality is that we are nobody, have nothing to control, and have no strong legal force. I think it is difficult to break the capitalist system with scripts and without full support. We are silenced because we have nothing but to survive for ourselves and our families. Talking about growth or economic power will be quite broad in nature. Bitcoin can't even do more than now because the government with 1000 ways of providing a centralized exchange and tightening KYC then making it easier for them to control anyone who has big finances in it can be seen clearly.

The point remains that there is no way that we can't see that side of bitcoin and the whole of cryptocurrency that has not helped the pocket or bankroll of majority of those trading or hodling on to it. Come next year after the halving, we are going to see more millionaires that will emerge from hodling and investing in bitcoin. Majority of benefactors of bitcoin are the lower income earners, the middle class and the poor because they constitute the large number of bitcoin community. Most rich homes hold on to their oligarchy class, production and controlling of the government which can be a reason that bitcoin is facing the challenges of restrictions, ban , seizure of accounts.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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 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.

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

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.

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.

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.

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.

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.

Money is what creates the disparity between the rich and the poor. And the rich and the poor are considered in financial terms. The financial status of people can be divided into three groups, one is the lower class, the second is the middle class and the other is the upper class. This disparity between rich and poor people will always remain. Even if Bitcoin is fully adopted, the disparity between rich and poor will never disappear. Because if Bitcoin is fully adopted in a country then the rich people in that country will have relatively more Bitcoins because they have more money. And the poor people of that country will have very little BTC and no one will have BTC at all because if they don't have money, where will they get BTC because they have to convert their own money through BTC and there is no way to earn BTC separately. Adoption of Bitcoin may change the financial status of a country but the disparity between rich and poor will always remain.

Well, with Bitcoin adoption there is one fundamental change which is its limited supply which cannot be increased. What happens now is that the authorities and the government will print paper money, which unevenly distributes the money. The rich become more richer and the poor become more poorer.

Contrary to this, with bitcoin, there would be no inflation and hence the poor will not become more poorer and the governments won't be printing money (bitcoins) in order to increase their wealth. Everyone will have to work equally hard to accumulate bitcoins and there will be no injustice in the society.

No. I don't mean that Bitcoin was not created to make people rich because if the two sides of rich and poor were combined, they would never meet.
The presence of Bitcoin in the midst of a very severe economic downturn offers a new solution to the financial system as we know it to increase public trust that has been lost due to the economic crisis.

This won't fix the thing. The rich will just buy more Bitcoin than the others could buy. They will still dominate that way. The financial system is a complex issue that can not be solved by one currency or technology. It needs combined effort and solutions to social, economic, and political situations. Bitcoin does provide some advantages when it comes to financial freedom and not depending on centralized institutions for growth. But it also has some disadvantages for its market volatility. People want stability in their assets when it comes to storing them.

The problem that you stated in the OP could not be completely solved using Bitcoin. People in power will try to take that away from others. As they can not control Bitcoin, thanks to Bitcoin being decentralized. They will try to get a hold of it as much as they could so that they can control it or you could say manipulate it. So we are not truly safe from it even if it comes to Bitcoin. The people in power will always dominate the weak. That's the reality.

Bitcoin being the only currency in the world doesn't change this. It doesn't eliminate class.
If what you're suggesting does happen and Bitcoin successfully becomes the only currency in the world, that is all it would be, a currency. The rich will still have more of it and the poor will work for it.
It would be just as it is today, everybody will still work to make money, and nothing changes.
The significant change will be the fact that you have control of your money and not the government and third-party companies, and you can send money to any country of your choice without any hiccups.

Through out the history of mankind, there have always been issues and some form of social stratification composed largely of your worth and acquisition through a persons lifestyle.
If it could be that these forms the bases of the separation of people in the society into classes, having some form of stability with the income and means to earnings would help to reduce the level of suffering for most.

One thing is for sure though, there would always be some form of classification within the society and as much as this is vital for a stable society, we can’t neglect the little effect fixing a part of systems that could be controlling bring.

The bad news is, it ain’t going to happen.

Bitcoin has nothing to do with eliminating social inequality. Even after Bitcoin gets adopted worldwide, there will still be rich and poor, banks and governments will own bitcoin and be in control. So don't let this idea fool you.

True. It gave a chance to those who already have the $$$ to try it out and invest on it before it blows up, yet that's still not enough to change the statistics of the number of poor and impoverished people worldwide. It used to be a tool to combat wealth inequality for a moment, but since not everyone knows about it at a time when it's literally not that expensive, only a few people managed to grab the opportunity and benefit from it.

Bitcoin will never solve wealth inequality. It will only create new millionaires, but not enough to tip the scales to our favor.

Of course inequality will exist, the point would be about reducing the bias inherent in a system which was setup just after WW2 and has failed its own rules at the start of 70's.  This is nearly 50 years ago and yet we continue with that broken agreement without fixing it to resolve the issue that one country has the ability to create as much money as they feel like continually undermining the honest work of people the other side of the world.   Crypto or not, something has to be done to improve this issue.   Its not just about being unfair, it makes us all poorer to have this leaky currency going into the pockets of some mostly politics based who dont deserve that easy money.   Its a tax on the world, discouraging honest trade and endeavor.

Although indeed the current financial system is not the best, history has shown that it is the most functional, this does not mean that financial segregation is necessary, but nevertheless, what determines the economic position of someone today is their ability and interest to grow monetarily, clearly not everyone has access to the same opportunities but this does not mean that the same should become a frequent excuse, it seems to me that the basis of the OP has an implicit communist idea, even so, I fully agree that bitcoin can help improve the current economic dynamics to be a decentralized system proposed and in this particular point seems to me that there is a good argument

According to my own views, Bitcoin cannot completely replace fiat money, so I don't believe it will ever happen. However, it can serve as a backup to fiat money.

As you know, Bitcoin does have an accumulation cap, so once you have money, you can buy any amount of Bitcoin you want. Therefore, even though Bitcoin is legal in every country in the world, that cannot stop differences between rich and poor people from existing. Therefore, in my opinion, Bitcoin has nothing to do with making rich people equal to poor people.

Even if bitcoin completely replaces fiat, it won't be able to prevent class distinctions between rich and poor because the rich will always find a way to own more bitcoins like they are doing with fiat. Rich and poor are dependent on us, we should not blame anyone when we are poor, it is simply our weakness.

It is difficult to understand when people who are unemployed and become poor always blame the government, saying that the world is not fair while they have never looked back, have they tried their best or not?

Currently we all live in a country that has certain regulations and it all depends on our respective countries, so the problem as you explained is actually very interesting because this is all for the freedom of people in running their daily lives, and currently we are all still tied to our respective currencies so it is difficult to make Bitcoin as a more valuable thing than the current currency, But for the future I believe Bitcoin will definitely be a serious threat to fiat currencies, because the development of Bitcoin is getting bigger.

Have you ever thought that if bitcoin becomes a threat to fiat, will it continue to exist? Fiat is a tool that represents government power and what they use to control us. If you think bitcoin threatens the existence of fiat, that means it is also threatening the power of the government, and it is never a good idea to go against the government. I don't expect bitcoin to be the government's enemy; on the contrary, I hope they will realize its benefits and accept it can coexist with fiat. Both will coexist and support each other.

I do not agree with the above opinion because it is just thinking on the negative side, if you imagine the opposite, if there is no money in life, does justice and privacy exist and I know not. We can talk about their limitations, there are many easy legal problems in life, and money if we look more broadly with the organizations and government agencies, they all want to create a balance. equality in association, not manipulation for personal gain.
As with current science and technology problems, it is not natural that it is found for our use, for each different position I do not want to talk much about the rights that we have instead about your obligations in this life.

The past shows that monetary monopolies are always manipulated when given the opportunity. Bitcoin is an attempt to change the current system, leading to inflation, an economic crisis, interest rate manipulation, overconsumption and waste of resources, arbitrary redistribution, and ultimately human change demographics and worsening our relationships for our benefit because we get a store of value that cannot be manipulated by anyone. Incentives are set up in a way that can create a network effect; those who do not participate will be left behind. Bitcoin supply is scarce, and those who ignore, reject, or fail to catch up on change will be in a bad position at the start of the new monetary system if it does catch up.

Not all governments use money as a tool to oppress the poor like you are talking about and also many governments try to help their people use money through existing programs. To be honest, we cannot fully blame the government because the system of government is bound from time to time. Realistically the state has guaranteed security for the people in making money for their daily needs and maybe not as optimal as we want.

Not all things that we consider appropriate can be forced to go hand in hand and there is always a space to separate one thing from another. If everyone had the same wealth in every country, then there would never be anyone working in the market, laborers or freelancers. The world will continue to be balanced between the rich and the poor and there is no need to worry because the cyclical process will continue. When someone can respect each other then therein lies peace in living life, although not everyone can respect each other.

If the availability of bitcoins can make a person more financially independent and able to maintain the value of the currency in the long term, then take the opportunity individually to increase financial resources and if there are countries that are still not fully accepting bitcoins then people can invest anonymously as a measure of security.

How can we equate the rich and the poor? Simply by looking at their account balances, they are already different, and it is quite natural for most people to show more respect towards the wealthy. Someone who possesses a substantial amount of Bitcoin is considered rich, whereas someone with only a small amount of Bitcoin is considered poor. (This context applies when Bitcoin is the sole measure of wealth).

I agree more with the notion of character education for each individual, so that the wealthy can be wiser in considering the feelings of the less fortunate. And the less fortunate should also be self-aware and show respect towards others. When the sense of arrogance within each human being has vanished, there would be no need to fix the money to fix the world.

People who are busy talking about social status and even themselves feel that their social status is not clear in the eyes of society. The fact that we have nothing to be proud of, except what we have today, has taught us how to live even though we feel deprived. I don't know. Can social status show that the world is your own? of course not, anyone is free to be himself and determine respect, and not when two parties are mutually selfish with their respective economic conditions.

For example, Indian society generally adheres to the Khasta system. then what do you think is the use of self-respect, respect it seems that only rich people have? Have you ever positioned yourself at the lowest caste and thought for a moment? That is just a small simulation of how painful the standard of living is when viewed from social status alone.

We can't reny the fact that there are these social segregation between poor and rich. This is the balance we need in our economy. If we all are in equal status, how will the manpower will operate? No one will work physically, if i have money i will just use it to business or investment.

Yes, that's absolutely true, sir, even with bitcoin, you cannot get rid of the terms rich and poor, because these two things are facts that cannot be separated in assessing a person's financial situation, for example in cases other than bitcoin, when a group considers a tree to be a medium of exchange to exchange goods for other goods, then a person who has many trees is called rich and certainly respected.
so does bitcoin as you said.

But maybe it means that if it is replaced with bitcoin then people will not see their wealth because of anonymity, but still that is impossible if bitcoin is made the only currency, and again human nature always wants to be seen, of course he shows from what he uses indicates how many bitcoins in his wallet.

What needs to be paid attention to is moral education, how to behave and how to properly respect other people, if it is applied I think it might give a stigma about people who have a lot of money always oppress those who don't have money to disappear.

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.

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.

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.

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.

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.

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.

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.

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.

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 ;D

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.

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.

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

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.

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 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!!

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.

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.

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.

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.

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 ;D

It's practically going to be difficult to change the mentality/mindset that some people have already stored in their heads concerning poorly classed people...But why does he even think that there's a string of inequality amongst bitcoin users and non-users.Bitcoin cannot balance the prejudice that existing between the rich and poor,there are several ways to do that I think,but not with bitcoin's impact
 The income gap between the rich and poor is constantly persisting and poor people cannot be continuously victimized.Since bitcoin is here,then whoever needs a lift and financial freedom should simply acquaint themselves to the bitcoin systems.
 Its just so unsatisfying that poor people will always have to start all over and over again to ensure a comfortable living zone for themselves.

The theory that a state could be classless stems from marxism and the idea or concept of being equal and wealth being equally distributed stems from communism. But these concepts will not be carried out by bitcoin.

In fact it is quite the opposite. Yes, bitcoin gives chance to the poor or the working class to own assets and get profits from them but through this I think the more the classes are being divided. Those who hold bitcoin are thinking “how much more does he have?” “Can I afford to buy more?” “How can I afford to buy more?” Those kind of questions come in when you’ve invested in bitcoin and that is not the overthrowing of the rich but rather the need to join them.

Although many classes have been divided in society due to social status through the level of assets and the amount of wealth owned by each person. The presence of Bitcoin into society has changed this paradigm a lot because almost everyone who has money can buy Bitcoin to make a profit through their investment so they can reach a level or class that is equivalent to rich people. This means that Bitcoin is indeed able to provide this opportunity for everyone so that the class differences you mean are increasingly invisible at this time except only for people who are world famous.

It doesn't seem to be able to solve bitcoin. Because BTC is universal currency. Everyone can invest in it. But poor people will lag behind because they have less money. Because investing in BTC requires a lot of money. But if someone wants to invest even a little.  Can do. But those who own a lot of money are now almost all inclined to invest in BTC. They are investing their huge money in BTC.  Institutions looking to invest in BTC.  It is natural that the poor will lag behind.

It's sad that the poor let themselves be oppressed, and nice that bitcoin, as an alternative, has given the poor a chance to become rich. But mind you, no one is working towards balance and a world where there are no rich people... kinds of Stuff like that are a mere illusion and go against the way things work. Even as there's an opportunity for the poor to earn through a fixed monetary system, there will always be poor people. We just have to pray and work hard toward the goal of not being among that category.

Indeed, everyone will be able to invest in Bitcoin whether they have a lot of money or not, but for those who have enough money to invest in Bitcoin, of course they will be able to buy it whenever they want and in whatever amount they want, but for those who have enough money Of course, they have to buy it in stages according to their financial conditions and both will be able to benefit from holding Bitcoin, although in different amounts according to the amount they invested.

That's a bit unlikely to happen in reality; yes, it's true that Bitcoin will help, but not to the point you say. Then one of the others says that bitcoin is not a currency, but most communities here believe that it is a currency because it can be converted into real money, meaning bitcoin is real money because it has value and can be exchanged for fiat in any country we are in.

We know that Bitcoin helps individuals and often with financial problems. In such a scenario, Bitcoin always has help from those who believe in BTC.

It is true that poor will remain unable to invest in bitcoin but if they use their mind and save little by little then they can invest after some period in bitcoin. Nothing in this universe is impossible if a person work for it and increase the courage by himself.

Those who already have lots of money will easily invest in bitcoin but as compared to wealthy individuals poor people have more need to make investment. Some people have money but they are not wanting to invest it in bitcoin because of fear of losing of that little amount.

Everyone has his own opinion but I think if one work hard and manage expenses then there is nothing hard for him to save some amount for investment but this time is not suitable for poor people to make investment as the price is already very higher.

In my opinion, life is inherently unfair, and wealth disparity will likely persist even with widespread cryptocurrency adoption, including Bitcoin. I believe the situation could even become more volatile with Bitcoin, as it allows for potentially limitless purchases with less government oversight compared to traditional financial systems. However, for individuals neither wealthy nor impoverished, cryptocurrency's high volatility presents a potential opportunity for high returns, albeit accompanied by significant risk.

Of course I agree with you that if we can hold Bitcoin then surely we can get along with everyone equally. If you hold Bitcoin there will be no difference between rich and poor because Bitcoin is not a currency controlled by any country's government. If Bitcoin was a currency controlled by a country's government, we would probably be of no use. As a result, the difference between our rich and poor will remain. I always think it is better to use Bitcoin than to use the local currency of a country because using Bitcoin will definitely give you a lot of returns which we have seen in the past few years. We saw when the price of bitcoin in 2022 was between $15000 and $17000 those who sold today have a lot of returns so no matter what you invest in bitcoin you will achieve success if you have money you will become the honor of a country.

Your point here is very important because if all rich and poor people of the world or all traders use Bitcoin, then Bitcoin will help to eliminate the differences between people. But mostly those who are doing big business or managing an organization. In their case, they may not make a full investment in Bitcoin at some point but some people have. Those who are very smart tend to store bitcoins as well as some other currency, which serves as a reserve for them later.

If you are not prepared your riches will just dribble away.
How many people have won a lottery only to be in a similar spot than before?

According to me the difference and inequality between rich and poor can never be controlled. We are thinking that through BTC this inequality can be reduced or controlled but the problem is that money has to be used to buy BTC as well. That means people with more money will be able to buy more BTC and people with less money will be able to buy less BTC. Again, there are many people who are not interested in investing in BTC and prefer fiat currency savings or investing in fiat currency. Many people who invest in BTC will withdraw their investment from BTC when the value of BTC is too high.

The gap is indeed difficult to be eliminated and it is already the nature of humans until this world ends. The life cycle will continue to spin while proceeding and of course a person's fate does not always apply absolute. BTC or crypto currency is part of a solution from the world's finances separated from the official currency of a country, of course the solution of it also has not been able to touch everyone because to get it must use fiat money first, unless there is another alternative by mine or mining or mining Following the prize forum and airdrop. So the point is that all financial platforms must be targeted to be collected. Fiat and crypto money both have a significant value in living life.

Yes, Bitcoin isn't going to fix any financial disparities in the world. Rich will remain rich, governments will remain influent, banks will remain on the top making big money over the majority of population which is composed by sheep who don't even have slight interest in Bitcoin or another means of investments to thrive financially.

However, Bitcoin gives the opportunity for a minority who is open minded and aware about how the world works for real to improve their financial standards a little bit. It's true we will never have the same potential of profit big investors have, due to our funds being scarcer, but considering Bitcoin has been growing massively along the years, even minor investments are enough to put us in a more comfortable position on long run. We will never reach on the same level of whales, but I think we should be thankful already for being able to reach a middle class or high middle class status already, if we keep focused in growing our investments and making the profit grow even more once we achieve it.

Bitcoin is not going to fix the world, but it can fix the lives of the people who believed it and took their time and money to invest in the digital currency. Actually, if everyone was concerned about fixing their own lives, the world would be fixed as consequence, because if every minor gears of the system are fixed, there wouldn't be any problems with the system anymore! That is just utopian, though.

Bitcoin or other decentralized cryptocurrency is not a universal solution to all problems in the field of finance. Money is only a tool, a symbol that gives rich people the right to dispose of their property. Changing this instrument will not bring equality. If it is unprofitable for rich people to use Bitcoin, they will not use it and the wealth will still remain with them.
The division between rich and poor will not disappear even if Bitcoin is adopted throughout the world and by every state. Miraculously, those who in the first years of Bitcoin had the opportunity to get it either for free or at a very low price were able to get rich. In the future, poor people will no longer be able to access it. Again, only rich people will have this opportunity.

Systems ensure that the affluent get richer. Bitcoin is the wildcard they didn't expect. Not everyone should become a millionaire or change the financial landscape overnight. It's leverage, which tilts the scale toward calculated risk-takers, even by a fraction

Bitcoin's valuation roller coaster isn't the solution to social inequality. You risk dismissing it because it allows sheep to wear wolf's clothing, even for a day. Swimming in the same water and finding your current is more important than matching the whales

Invest your money and curiosity. Use Bitcoin to your advantage by understanding it. The discrepancy won't disappear, but your financial story can change. Every successful investor started with one cent. What stops you from being the next transformation story? Focus on your growth and let the chips fall where they may. Who knows what equipment we can power if enough'minor gears' move in the proper direction?

That is true for all systems.
Its easier for bureaucrats to deal with a few (affluent) than with masses of mostly uneducated people asking for minor credits

It is the duty of the government of every country to spend money on all the citizens of its country who have great talent but no money. By helping them financially, on the one hand, it will improve the life of its citizens, and on the other hand, it will increase the respect of its country and the people of all countries towards it, in various ways.  Institutions should be built so that the poverty rate of the citizens of the country is reduced so that they can lead a normal life.



In his behavior, the governments of all countries and seeing such actions will be willing to do the same or do something much better than him so that he is respected by every citizen of his country, some examples of his actions



For example:

1 Building schools and colleges in every part of his country and providing free education.

2 Helping the poor of his country financially. 


3 Donating more to orphanages in his country.



If these activities are done, there will be no difference between the poor and the poor and they will all be able to live a wonderful life.

A while ago the world decided that capitalism was the best of the worst options available, there are ways to improve on it by finding effective ways to regulate it, beyond that many different things have been tried over the years. Socialism and communism sound great on paper but they go against the grain of human nature, which exists to compete in many things. The evidence is in the failure, repeatedly, of other systems given enough time - capitalism allows dynamism and flexibility to heal itself because of it's decentralised nature.

      The majority of countries in this era are not yet open to blockchain technology, which is why they do not accept Bitcoin or cryptocurrency in their country. And the others that they have even taken down or blocked so that none of their citizens can access their website platform.

      But it would be nice if the majority of countries were open to these opportunities, while Bitcoin or crypto is open to all countries or to all people around the world as long as each individual has an interest.

The world is filled with problems that money can solved most of them sufficiently. Everyone needs money to survived and cater for their essential needs. Sometimes I wonder what this world could turn into if not providing the necessary details to push forward. The world is already a better place only for those category of people that are successful, they lived in comfortable luxury mansions and drives the latest exotic cars and take tour round the world. While the financial challenge category will only wish for a better life more like an upgrade.

I can't imagine that, OP. It is affordable to everyone, How low do you want the price of bitcoin to be before you can see that it is affordable to everyone. Bitcoin started with a low price; why didn't these people have pity for not buying it by then when they were not aware of it? I see you speaking out of regret and nothing else.

Now, the people who have been successful and become rich with bitcoin now expect them to live equal lives with the poor. It cannot be possible, it took them processes to achieve the level of greatness they have now. If the poor masses want to be rich, they should work hard, invest, and someday they will be liberated.

That was the initial purpose of Bitcoin, taking power of finances from the elites to the masses, and at this point I think it might not happen because this same people are using their influence from the government perspective to hinder this purpose of Satoshi Nakamoto, by banning Bitcoin related stuffs in their countries.

One thing I know is that the rich are afraid of losing there social status and hence with all means they try to maintain that social statuses. in the ladder of social strata Bitcoin has become a backup to the upward mobility of the masses, it could lead to paradigm shift that will put everyone in equal stand but is that even possible? from a psychological view not everyone is equal so there most be a superior and inferior that will be the problem of the world.

If only the ladder of social stratification is made easy then it would be better because anyone serious can just mobilize to a new level and hence alot of people in the world would leave their current status.

I think Satoshi was philosophical in thought that lead him to creating a back up currency to push people into the world of equality with Bitcoin and it's decentralized system.

Irrespective that everyone has equal right to bitcoin doesn't mean that there will be no controversy over the poor and rich, now let me just clear you something a bit here; Bitcoin is a digital currency right? Good!

But you can only have access to it if you have money and you can have much value as you want if you have the fiat readily available with to buy and hold, and also come to think of this don't you feels when the rich venture into to buy and have higher possession of it what could be the results of those who hasn't purchased bitcoin for the first time, will be bitcoin be too expensive for them to have a decent digits of bitcoin or what?

So same people people you think are controlling fiat can also control Bitcoin, you have access to bitcoin same it's as you having access to fiat but the truth still remains the same that if you don't work for it you won't have money and if you don't have money you can't have bitcoin, the truth is bitcoin is just like fiat the only difference is it has no central authority where government could start regulating it unlike cash where government control and regulates.

Bitcoin can be used as an alternative to money but there are also many risks as Bitcoin is not limited to a specific price.  As the price of Bitcoin is not stable, it cannot be compared to FIAT and the money savings cannot be relaxed like FIAT.  Bitcoin is a powerful asset it can only be paid with Bitcoin as a perfect FIAT alternative for investing but Bitcoin cannot be used as a default currency to the exclusion of FIAT.

We need the government, we need fiat currencies in every country and because fait is stable, people are relaxed to use it without the fear that th value can drop overnight or increase overnight. Fiat money doesn't have a high volatility like Bitcoin. Bitcoin is only a digital currency and it has its uses too, although it can be used for payment but Bitcoin is more asset for investment than legal tender.

In my opinion, let the government fix fiat to avoid the too much of its devaluation and the high inflation and let people who have the knowledge about Bitcoin be allowed to invest into Bitcoin at their risk.

I get your concern. Especially now when most wealthy companies, institutions, and/or individuals are acquiring large amounts of the circulating supply. If this keeps up, the "average Joe" will be left behind in the dust. Things are worse when network fees skyrocket. Developers claim the Lightning Network is a solution to Bitcoin's scaling problems, but I fail to see how that's the case when you still need to make an on-chain transaction to open/close a channel on the LN (where high fees can't be avoided).

It would've been best for BTC to gradually increase the block size to establish a balance between decentralization and scalability. Forks like BCH and BSV have a higher block size, but they're centralized because they did it "all in one go". If they would've taken the "slow and steady" approach, they would've stayed decentralized by now. Only time will tell us if Bitcoin will be able to fix the world. :(

Bitcoin can just use for investment purpose so if we think that fiat will be replace if we use bitcoin for multiple uses then we are wrong because fiat has its own importance which cannot be fulfilled with the help of bitcoin.

Bitcoin is highly fluctuated currency whereas fiat does not posses any volatility. Fiat currency can used for daily uses whereas if we use bitcoin as a purchasing option then we will have to pay with different amount of bitcoin depends on the price of bitcoin. So I don't think that bitcoin can ever be  consider better than fiat and also bitcoin cannot replace fiat at any stage of life.

Aristotle has once told: "some people were born to be slaves"

And I don't mean any racist bullshit here so don't come at me with that (just making sure, not getting defensive). It's just that for the system to work some people would have to run the factories and assume servitude to a higher authority, with the only regret here being that they must be paid fairly and equally, but that doesn't mean those in the upper echelon (at least those that are not part of the 1%) didn't deserve what they have, matter of fact a good amount of people who earn 200k per year worked their asses of in the academe and the corporate world to even begin dreaming of this shit, you can't just go out here and say they didn't deserve what they have just cause we're trying to drive a narrative here which I very much am behind.

Plus, let's quit with the notion that bitcoin will save the whole economic system. At best what it could do is help people who are unable to invest a chance at getting passive income, don't make bitcoin as if it's the second coming of jesus christ as it paints the wrong picture for those who are newbies in the industry. They'd come in thinking they'd be fucking rich, only to be disappointed cause they aren't able to earn as much as they want.

If everything was fixed, then brother would be rich and there would be no differences.  Why not say money or rights?  At present, he can be called the king or the king of the village because everyone obeys him and everyone listens to him and no one is given anything but money.  Wealthy society is judged on money because if you have more money then your respect is more money everyone will value your word and everyone will follow your word but you don't have money but everyone will take your word and you won't pay the price of two rupees.  If everyone is given equal rights then I would say no because Bitcoin is equal to everyone if it works according to everyone or depends on everyone.  In this case, people are for money.  As long as Jhakam does and tries to earn.

Bitcoin will not become the world's currency if it continues to be exchanged for fiat or paper money. The value of bitcoin still depends on fiat money. People continue to buy bitcoin in pursuit of accumulating more paper money. If you are wealthy, you can buy a lot of bitcoin, but if you are poor, you may have little or no bitcoin as your possession. Bitcoin will only become a currency if it breaks free from being tied to paper money. One bitcoin value should be one bitcoin or one satoshi for a tray of eggs or ten satoshis for a service. People need to stop using government issued paper money if we truly want change.

Money talks but its speaks in different language ironically the universal language we all pretend to speak is MONEY. From an Africa standpoint, it will be difficult fixing a currency issues and perpetuate the notion that nly solvng financial problems alone can address all societal challenges.

There will still be global issues which will require solutions beyond financial fixing because of neglecting injustices, money laundering issues, and power imbalances without the rule of law will contribute to economic disparities.
 
However, financial stability is undoubtedly important to fixing the world but complex challenges make that difficult.

Yes, your opinion is very true. It is difficult to realize if Bitcoin is used as a legal exchange tool and is used by everyone. Now Fiat's money remains the main thing in making transactions even though quite a lot of shortcomings that are suspected can harm many people because they are controlled by certain circles so as to make the economic pace sometimes unstable. But can the crypto currency be used as a legal exchange tool? Of course you can, it's just that it takes a fairly long process, especially in terms of socialization to people who have not recognized bitcoin and other crypto currencies.

Yes I am very grateful to Bitcoin that at least I have found the light of hope for Bitcoin and am working on that light. The whole world is divided so it is only natural that there will be differences in this Bitcoin. Some will accept Bitcoin some will not accept it some will invest some will not and some will invest more if they have the ability and some will invest less if they have the ability. But the progress of the world and the trend of becoming cashless is increasing day by day so Bitcoin or cryptocurrency will take over the whole world one day and then cryptocurrency management will be done in the interest of the world to manage the world properly. And since it has no regulatory body and its value depends on the number of subscribers our future will be bright with Bitcoin or cryptocurrency.

Money plays a bigger role than weapons as a tool of war in the world today. Nothing can be done without money. Money is now playing an important role as a strategy in world politics. Just think if America was not economically prosperous, how many countries would have cared for him? America will never think of itself as superior if it does not supply money to almost every poor and developing country. But the main discussion here is that one cannot think himself financially independent even if he wants to. At any time he can attracted by the government of the country. Bitcoin is designed to make a person completely independent. Bitcoin's decentralised system creates a platform for a Bitcoin holder to be independent.

Let's assume everyone had bitcoin as store of wealth including the government and every citizen, if the government should adopt bitcoin now they'll definitely make this as a controversial currency or the use of bitcoin might be controversial. We all know how government react when it comes to money, although bitcoin is for everyone including the poor or rich, the point now can the poor afford bitcoin or is everyone willing to accept bitcoin. The point of this post is mainly on bitcoin adoption in our society, firstly not everyone make use of bitcoin neither will the corrupt leaders accept bitcoin, understanding the government and their policy is difficult and they'll never promote freedom or what's best for the masses. Bitcoin is indeed a valuable asset for everyone who understands how it works.

What kind of change do you mean? and why should people stop using paper money? There are several misinterpretations regarding this perspective, because people are not 100% concerned with the existence of Bitcoin, Bitcoin is important because for certain groups while for ordinary people there is nothing to worry about as long as they can meet their needs with paper money there is no need to think about choices other. So if we have to give up fiat money to adopt Bitcoin as a legal currency then there will be a lot of instability in this world. I am not against Bitcoin becoming a global currency, but we also need to be wise because not all people accept the existence of Bitcoin. People already have their own choices, they have used currency before Bitcoin existed, they are also bound by the rights of citizens to use recognized currencies. So it would be better for fiat money and Bitcoin to join hands to create stability rather than replace what already exists.

the main problem with using bitcoin as a means of payment is that the price tends to be unstable, quite different compared to fiat where the value can be stable. and again, to transact bitcoin it requires a waiting time of around 10 minutes with fees that can reach several dollars in one transaction, this makes bitcoin not very attractive to people who want to make local transactions.

however, for cross-border transactions, perhaps bitcoin could be the best choice. because the waiting time is faster than regular payment platforms and the fees are relatively more affordable.

One thing we have to know is that the more giant companies join cryptocurrency and develop blockchain technology, the better it is for the price of cryptocurrency itself and every individual/group also has the same rights, access and ownership of their financial assets.

Well, apart from what you said above, it makes sense that BTC has been widely adopted and that in the end there will be strong financial independence in society, but in reality this is still a work in progress, I think, and needs a process too.

Yes the one which you listed are few limitations of Bitcoin people who wants to do low value transaction prefer some other alternative cryptocurrency like TRX which are much cheaper I would say almost like zero fees and much faster there are so many Altcoins to name but as you mentioned about volatility these coins tends to be more volatile than Bitcoin hence people are using stable coins but I generally don't prefer stable coins as we are made to believe that they are backed but there is no concrete proof apart from their own reports hence they can disappear anytime but not so soon.

Bitcoin would be best suitable for large transactions due to its security and also less volatility compared to other altcoins.

In a way, bitcoin doesn't actual need the approval or acceptance of government for it to gain the adoption that we all are thinking could only come from the support of the government through their acceptance of bitcoin. If the people can decide to make trades or do business using bitcoin as payment then they don't need the government approval to do that, and with bitcoin been a decentralized currency the government has nothing they can do to foil the successful transactions of it in as much as it's been done under Dex platforms. And it's this power of financial control that the government is afraid to lose.

As far as I can tell the government won't accept bitcoin because bitcoin is really out of government control. If bitcoin becomes more popular with the public, fiat may become devalued. When money itself loses its storage value the value of virtually all other assets is also distorted. Because they assume a financial liquidity beyond their practical value. By its conservative design bitcoin corrects this major structural flaw of the fiat economy.

Thats a good argument really, the country that had so much mining was China and even they didnt want to have BTC within their borders.    The other take is technology and the secondary development occurring from crypto existing, countries do want that sector of growth to be in their economy hence why nations are far more friendly with integration then a few at first.

If no growth appears of course I expect them to turn nasty again on crypto, its hardly a favor they do for any industry just to allow jobs and growth is proven the most sensible approach and luckily most respect that bar the authoritarian regimes.

I know one of the points in favor of gold is its distribution around the world is fairly widespread.  If the price does rise you have sources of supply available and justified in every country almost though in varying amounts of course.    Platinum on the other hand is concentrated into certain areas controlled by just a few countries and so isnt as well favored as a monetary based metal in potential.

Aren't national currencies (Fiat) traded for other currencies through Forex trading? It's the same thing with Bitcoin. People trade it for the currency of their choice when they need to. I know most people don't use BTC as a currency these days. Especially when it has a deflationary mechanism. But that doesn't mean it's the end of the world. You're free to use BTC any way you want to. That's the beauty of decentralization and open source.

With some countries going as far as adopting BTC as legal tender, it should only be a matter of time before the world uses it more throughly as an alternative currency to Fiat. This is just getting started. Just buy, "hodl", and forget about the rest. ;)

This is an amazing perspective view. It is true that money may be used to enslave people, but it is enticing that technology has the capacity to change the way we think about power, wealth, and authority. One of the most fascinating parts of Bitcoin is the concept of independence, or operating your own bank. Bitcoin allows you to keep your own private information and handle your own funds, without depending on other people such as banks or authorities. This could result in a more equal and transparent banking system, giving individuals more power over their personal resources.

This is only thought of by governments who really love fiat and don't know what Bitcoin is all about, so governments like that will never accept Bitcoin in any case because they are afraid of losing the value of fiat. So, hearing opinions like that, I also started to think about the thoughts of the El Salvador government, which to this day still really likes Bitcoin without ignoring fiat for its own country. This means that these two things can be used by everyone for certain things because when someone still wants to keep Bitcoin, of course that person will prefer to use fiat when they want to buy something and not just throw away Bitcoin just for the sake of one thing.

in things like this we see the governance of our economy from society and the gap between the rich and the poor.

and bitcoin doesn't see all that and does't differentiate what is important is that everyone can access it in this
situation depending on the person.
the ringht of a person to have capital or not to invest but in reality the rich are the ones
who get it .
the opportunity is to look further but it can change from a different point of view .

It might be a good step to make Bitcoin public. However, there are currently many countries in the world where Bitcoin is officially banned. But there are some reasons why it is banned by the government. Bitcoin is legal in developed countries. Transactions through Bitcoin will gradually become known to people and it is not much time that it will be accepted by all and the digital currency will be accepted by all. Another advantage of Bitcoin is that it is very easy to store money and does not require any separate organization. Moreover, a person can keep trading and investing in Bitcoin if they want.

But when institutions amass most of the BTC, that's when you'll no longer have freedom/control over your money. The whole point of Bitcoin was to remove the middleman. Not embrace it. Unfortunately, human greed has led us to where we are today. Banks and governments win, while the people lose. By opening the floodgates to "Wall Street", Bitcoin has moved away from its original vision. Even though the network itself is decentralized, that doesn't mean big holders of the coin (whales, institutions, etc) can't influence the future direction of the project. Fortunately, the code is open source. If BTC fails, another cryptocurrency will carry on with Satoshi's original vision.

Be aware that once CBDCs take the world by storm, you can say goodbye to the crypto craze for good. It will be complete opposition against Bitcoin and its variants from mainstream governments. Don't expect the world to be "fixed" anytime soon, though. :(

Remember that Bitcoin is money, so the oppression you speak of wouldn’t stop but will happen in a different setting (in Bitcoin).
If we wanted to go full throttle on Bitcoin, the rich people will use their money to buy Bitcoin and they would obviously have a lot more than the poor people.
So really, nothing would change. What Bitcoin brings is decentralization; you completely own your money.

Indeed, one of the main obstacles to Bitcoin's mainstream adoption is the belief that it is a speculative asset. Instead of using Bitcoin as a medium of exchange for regular transactions, many people view it as something to invest in and cling onto. The price of Bitcoin can fluctuate significantly, making it difficult for some people to use it as currency. In fact, I prefer earning in dollars rather than our own currency because of the state of affairs in this country and the government's desire to destroy rather than help. This is something that critics of Bitcoin frequently cite as evidence why it won't be able to replace traditional currencies.Therefore, for the benefit of others, particularly those who did not attend education, Bitcoin is truly not the only alternative.

Which ever way the world goes, either mass adoption and the entire world starts using bitcoin or no one apart from those that are in continue to use bitcoin, the problem and margin between the rich and the poor cannot be closed, right now so many persons have not even gotten the idea of getting into bitcoin and maynot even get in anytime soon, so if mass adoption happens that means there would those that have more bitcoin than others and sure the rich would be thre and the poor.

You might be getting wrong the idea of wealth transfer if that is where this thought is Coming from, wealth transfer doesn't balance out the value system around the world neither does it eliminate the rich or the poor, it just means that a new set of people would be in control of massive power in terms of money than the other guys, if bitcoin were to ever replace fait those that have it more would become the new set of wealthy individuals than those that don't have it or have less irrespective of what their source of income is or how valid I still is cause there can only be 21 million bitcoin in supply, so your stake in that determination how rich your woudl be in terms of bitcoin.

You say "Bitcoin is money", but most people don't see it that way. They consider it to be a store of value or a means to get rich quick. Just like Gold. We can blame the deflationary mechanism of Bitcoin for this. At least, there are plenty of options to choose from. Whereas BTC is used as a store of value, LTC can be used as a currency for day-to-day payments (digital cash). Neither one will fix the world, though. Especially when banks are still the dominant force of the global economy.

The gap between the poor and the wealthy cannot be corrected that easily. It's practically impossible at this point. What you should do is try to avoid the negative effects of inflation by investing in assets with a limited supply. BTC and Gold is all you need to keep you safe from decaying Fiat currencies. CBDCs are right around the corner, so expect the worse in the long run. :D

I agree that the economy (money) is a reflection of the stability and health of a country in general, how development traffic will look if it is still trapped in economic difficulties even though it looks fine. I don't think too far a handful of rich people are the driving force because the economy in a country can be moved together with the potential for more votes. Especially bitcoin and this can be a good habit that everyone can control the price of bitcoin with joint strength.

I regret the country that does not allow bitcoin because of internal selfishness for its own currency that is owned so that it closes its full rights, even though it could be a state helper bitcoin during a bearish season like today, adding value to the state's cash and spending without having to collect more taxes on the community. The state needs to serve the state and vice versa. Bitcoin helps all individuals and intuition if they buy bitcoin the year before;D

Even if banks weren’t dominant, neither of them will fix the world because that isn’t their responsibility. Many times people put so much weight on bitcoin as though it was designed to make people rich or solve a huge challenge that the world was really suffering. For example, the gap between the poor and the rich… this IMHO doesn’t have anything to do with Bitcoin or any cryptocurrency. Life is just the way it is, people will be poor and people will be rich; everyone can’t be rich.

   In the bit of equality among the rich, average and the poor people needs to standup for themselves not trusting and relying on the government before survival, with these present global economy crises, investment decisions does not need to be manipulated or changing and setting the interest rate. Having a fixed money supply without manipulating the interest rate.

The political system has to make  reliable and effective decisions .

Of course they won't. But the world will be a much better place without corrupt banks in the way. Decentralization promises financial freedom and self-sovereignity. But solving equality problems is quite a difficult task to achieve, especially when you can't stop people from becoming wealthier than others. The social gap will exist for as long as we live.

I sure hope the global economy becomes fully-decentralized in the future. After all, Bitcoin promises to remove the middleman. But with "Wall Street", banks, and governments in the way, this would only be a distant dream. At least, Bitcoin does the job it's supposed to (banking for the unbanked). As long as it stays decentralized and censorship-resistant, there should be nothing to worry about. ;D

In fact, I don't really see this context of equality as an important thing in life because all people are still working to the best of their abilities in the fields they have worked in so far. This means that both rich, middle and poor people will continue to try not to experience difficulties by adopting their ideal ways of working so that the conditions of the global economic crisis will not be so felt by those who are still trying to achieve the targets they have always wanted. Whether it's through investment or through doing business with a wider reach.

I don’t think you “solve” such a problem as balancing the gap between the poor and rich. Certain people are poor because they intentionally choose to be lazy. So if I happen to be more hardworking why then do you try to equalize people who aren’t meant to be on the same class. Best we can do is talk about creating more opportunities, so the hardworking ones may be able to rank up to where they belong. But that’s a different topic, here we’re talking on Bitcoin will close the gap and I don’t see how.

In as much as I agree with you that one of the main reason why the government is as powerful as they are is because they control our fiat, let's know that it gies above just controlling of fiat. The military and all the security agencies are all under the government which makes it easier for them to execute whatever plan they have in mind. Maybe if Bitcoin gets accepted in different part of the world it will go a long way to allow individuals have authority over their money and how to go about spending it without serious regulations from the government but fixing the money alone can't fix the world directly.

You've got to fix the monetary system, work on institutions that will support the populace, seek for the separation of powers from all the arms of government such that they can exist independent of themselves and  and then fix the mindset of the people to become more productive enough to using the privileges that decentralized finance brings to thier advantage.

Those who are deliberately lazy, of course it will be very difficult for them to become successful and they will even become poor. If you are a hard worker, of course it will be very easy for you to be able to make your life better in your future and it is impossible for you to the same as those who are lazy.
Yes, of course those who work hard will be able to get better rankings compared to those who don't take advantage of the opportunities they have received.

You think fiat's the problem? That's surface-level stuff. Sure, controlling the money supply is powerful, but it's a symptom, not the disease. The real power lies with the military-industrial complex, the surveillance state; those are the forces shaping our world. Bitcoin's a tool, a way to break out of the traditional financial cage, but it's not the cure-all

You're right, fixing the money's just the start. The real issue is way bigger' it's the whole damn system. Broken institutions, power structures built on exploitation instead of mutual benefit... untangling that mes is the real challenge. Decentralized finance is important, but it's useless if we're not changing how we think and act

It's about mindset. This isn't just about using the right tech, it's about evolving. We need to go from passive victims to active creators of a better future. That means serious work, way beyond just buying crypto. We need to tackle education reform, fight for true checks and balances, make sure power isn't concentrated in the hands of a few. This is where the battle gets hard, way harder than fighting over Bitcoin.

Not all rich people like to oppress and not all governments think the same way. Financial institutions are a place for rich people to build businesses and they find it easier to get loan assistance compared to poor people. That's why people say that financial institutions in the world always oppress poor people, even though the system works like that.

I think the same as the meaning of the divide between the rich and the poor, even though bitcoin is fully embraced, because the poor are definitely unable to think about investing or trading and in the end the rich are the winners again.
The level of Bitcoin adoption is not seen as limited between the poor and the rich, but whoever has the money and is able to live it is the winner.
Although bitcoin is fully embraced and is still seen as the position it is now in that makes it legal as an investment asset or gets banned.

If wealth was distributed equally, things would've been different now. Governments should play a role in this, just to prevent the rich from getting richer. Something like how communism/socialism promises to do. But in communist countries, I've seem that's not the case as governments end up being rich, while citizens are left poor. Cuba, China, Venezuela, and the likes are like this.

I wouldn't expect Bitcoin to be adopted by communist/socialist countries, as that would give more power/control to the people. Therefore, it's impossible to get rid of the social gap within the rich and poor. BTC will only make Elites more powerful in the long run. Consider how BlackRock, Microstrategy, and other institutional investment companies are winning, while average crypto investors are losing. Maybe Bitcoin will become the "One World Currency" in the upcoming "New World Order"? :D

The poor are never lazy because they always face reality. those who get a lot of money from their ancestors enjoy it in comfort and at some stage they exhaust the money but cannot avoid living a lazy life. Every country can be developed as a developed country if proper money management system is in place in those countries and everyone follows them. corruption is a major reason for spoiling the development of the country. a country with less corruption has more economic growth.

Fix the money, Fix the world. I dont think this going to be easy friend lot of people meaning a lot of different thought and ideas just take a look the BRICS right now they said gonna create new money but look at now they had different countries with different money culture and rules.

So yeah fixing the money could be fixing the world but today world is unfixable

Do you think it will also stop things human Hunting and harvesting, will it stop schizophrenia or will it stop suicide bombers who have been made to believe they’ve got virgins waiting for them in heaven.
I do not believe your point can solve any of these problems not to talk about solving every single issue we ever had as you say.

For me I don't see the rich oppressing the poor but the poor allow themselves to be used by the rich by selling There dignity to the rich because of poverty. and the rich takes advantage of it. If the poor can reduce the Level of substituting them self to the rich I think the rich would have no choice than to reduce the rate of oppressing the poor. The poor have enslaved themselves with the negative thinking that "those that has no money has no dignity" and using that to keep themselves in bondage.  If only they could understand that a man without money can still have dignity. Money are of different categories and everyone has there level of money and can not use another person money to reduce you own pride as a man.

I don't even think mass adoption of Bitcoin can unit the poor and the rich or make them not to be segregated. Bitcoin is just money like fiat but the only difference is that it moves from wallet to wallet and has volatility. And mean while if you don invest in Bitcoin you would still be poor because Bitcoin is not a free money. Is only when btc is a free money you will say if everyone adopt it, it will unit the poor and the rich. But it wouldn't work, because in bitcoin investment we also have the whales that can but 500 btc someone like Michael J Saylor who can buy thousands of it can also ooppress those who can only afford on $100 worth of Bitcoin. So Bitcoin can not unit the poor and the rich because there is no equity In Holding.

             -   I get your point, but the individual must know or have an idea about bitcoin. Bitcoin was actually created because of inflation. So bitcoin is deflationary, right? This is if I'm not misunderstanding Bitcoin. Although in our time today, money is always included in the solutions that people and the government face,.

But not everything is money that is the answer to the problem; in short, there are other angles that money cannot solve. Then again, no one would be rich without the poor, right? So, I also see no reason for the majority of the rich to oppose it.

No matter how good a country is, there will be people who are poor. Everyone can’t be rich. I don’t think the world can operate if everyone was rich because people wouldn’t have value for money since it’s common to them. They will shut down their business and rather go spend their money on other businesses (that could also be shutting down because they don’t need your money). I’m not saying to encourage the gap but no matter what you do and what resources you provide, there will always be people below.

Correct, no matter what happens, the rich and the poor will never have the same investing strategy. The rich will have the means to invest any amount in bitcoin, while the poor will not have that luxury. The amount that a poor person can afford to spend on bitcoin is not a small sum of money, unless they have savings to use for investments or can buy bitcoin gradually with what they already have.

This also serves as a reminder to me that while the wealthy can invest and still have money for self-sufficiency, the impoverished must find other means of support, which will also force them to consider their options carefully. As a result, we shouldn't even attempt to compare the two groups of people because there will always be differences.

Inflation is what ruins everything. As much as we want Bitcoin to take over the world, it will never happen because governments won't allow it. Even countries that accepted BTC as legal tender haven't ditched Fiat currencies completely. El Salvador still uses the USD alongside BTC for mainstream payments. Poor people will get poorer as inflation continues to rise like there's no tomorrow. Only the rich will become richer as they increase their wealth by following good investment strategies. This simply can't be avoided.

With how climate change and rising geopolitical tensions are affecting the economy, expect things to get worse in the long run. Who knows if we're heading towards a darker future? :(

Gresham's law says bad money drives out good which in contrast to a horrible inflationary printed paper currency and BTC I think we can put them as polar opposites in good or bad appreciation to users.   However there is not just the quality question but liquidity, fungibility and a few other definitions to currency that must matter or BTC would have grown greater then it has already.  

I dont see it as 'being  allowed' exactly more like a balance and iterative process which eventually causes the failure of a weak currency vs stronger more highly favored alternatives.   Applying Gresham's law here would reflect that people would rather spend Dollars and increase its monetary velocity because of its disparity from face value to actual base value, the money loses value and people would rather spend it. Ironically then people hold BTC as it can appreciate and some lament spending previous amounts rather then saving it.  In those two cases the comparison would seem to fit this ancient example of economic observation; hence we should probably study this principle for future BTC movement in a normal economic population like common coins or any monetary asset.


https://www.talkimg.com/images/2024/03/30/VM2pJ.jpeg

90% to 40% to zero silver content in the same face value dollar coins only took 6 years to occur during a period of gross over spending by government.   This failure in money is less evident now but via food prices or similar still apparent.

I think circumstances is what normally makes it looks like some persons are not serious in life. One of the things we needed as humans to escape poverty is information and that's going to make us fortunate from others that do not have the information we have that has set us above the sky. There are people that are educated and are still poor not because they are lazy, many are never lazy but conditions make it look like they are never serious to look for a job and get something doing to help themselves. I have even seen people begging for money because they do not have the right information to get them a job that would help them to keep paying bills and staying safe with all responsibilities handled satisfactorily.

You wouldn’t know until you try to help those people who are begging by trying to give them the supposed information that will change their lives. I’m only saying this because I have experienced different times when trying to help people who claim they need help but they aren’t putting in the work even when the help is free service. Not everyone is the same but many of people who are poor is based off on their laziness.

The decentralized system has taken Bitcoin to unique heights.It is not realistic to eliminate the disparity between the rich and the poor because Bitcoin's design mining is all about elitism.But for its proper use you have to accumulate a lot then you can distribute a portion to the poor.

Not all government that is banning BTC from their country, and El Salvador and other countries that adopted BTC in their countries is still existing in their countries for their people to make advantage of it to increase their wealth and businesses in their various communities.

Any government that banned BTC from their country, i guess they did it for their selfish interest purpose because they notice that they don't have the power to country the digital currency their people are using in their country that resulted to the banned.

 Government know what to do to improve both the poor and the rich in the land, and if all governments start creating good environment for  BTC users in their various countries, I believe it will fix the world problems.

You seem to have a warped definition of money and this mindset can often come from having little access to it. However once you start to accrue money, by working hard to save and invest, then you start to get a different perspective on it. The government is not oppressing anyone using money, it's just a mechanism that helps smooth transactions so we don't have to use some weird barter type economy that would be much less efficient overall. Bitcoin is just another currency in among many that already exist, it had a different trait to it - being decentralized - but ultimately it is all based around the trust that people choose to put into it. If that trust evaporated tomorrow then the price would start to fall.

Various countries are afraid to legalize Bitcoin considering the economic aspect of the country. And all the countries of the world are still not strong in terms of cyber security due to which any time a cyber attack can happen on those weak countries and in that case those stored bitcoins can be stolen. Because after legalizing bitcoins in the country, if those bitcoins are held by the people in a decentralized wallet, then the government will not be able to monitor them properly and will be deprived of taxes. Considering these aspects does not legalize different bitcoins.