Imagine if all the poor people in africa put all their wealth in bitcoin.
in 3 years they would be richer than the western world!!!!!
this is no joke.
Yeah, it's a joke.
All the poor people in Africa would buy a few thousand coins at the moment.
That's the problem of being poor. You can;t afford anything, you can't afford food, medicine, water, clothes , nothing.
Those poor people in Africa couldn't even afford a tx .
A standard tx with 2 inputs and 2 outputs in the next 24 blocks would cost you 1.41, almost all of your daily earnings.
A study commissioned by Microsoft Corp. from the International Youth foundation (IYF) reveals that 76% of workers in Sub- Saharan Africa are working at low skilled, low quality jobs that do not pay enough to lift them out of poverty. 72% of youth live on less than 2 dollars a day and have to work long hours to earn enough to survive.
And even if they would by magic buy millions of coins...
They would just make the westerners who already hold most of the coins even richer as the price goes up.
Nope, sad but this is the reality.
Bitcoin will not help the poor, and is more likely it's going to do the opposite.
Most of countries are against Bitcoin and trying to ban it .
Source for this? Especially for the assumption that MOST countries are doing so?