bitcoin for everyone

[jossiel]

It's true that even poor people don't necessarily understand cryptocurrencies, especially bitcoin,
and I don't think poor people will think that far, of course they will think for themselves how to survive,
so even though some give free bitcoins of course they don't understand what to do with bitcoins

I disagree.

If someone is poor, they're striving to survive but at same time they're hoping and dreaming of getting out of the poverty line someday. And it urges them to do extraordinary for their dreams and to get out of the rat race.

Try to give a poor guy bitcoin and for sure that he's going to do what it takes to understand it and what's the best thing to do it. Almost everybody got a signal for the internet to do simple search.

Myself too disagree on the statement. Just because one is poor, it doesn't mean they'll not understand anything. Everyone is doing something for survival, so there's no discrimination that someone specific understand and the other won't. It is all about the way they take it. I personally know a person who started with just $30 and slowly he have increased it to $1000. Invested what is possible for them and learn to make it big.

Well said.

Being poor isn't an hindrance for someone to stop learning or stop being curious with new things. There are those people despite their life situation, it doesn't stop them to be curious with new technologies.

They're learning from it and getting some idea through researching that's why there's no life status hindrance to learn a new technology.

[1713555971]

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[1713555971]

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[kesmex]

Bitcoin is really for everyone in which means that even the poorest can have a single amount of bitcoin in which they can buy over the wallets or exchangers and etc. This means that bitcoin is really for everyone and not only for rich people. Bitcoin stands for the people so they can acquire it anytime and anywhere in which it is very accessible.

I don't think that bitcoin would suit those poorest, there is still no assurance to earn in cryptocurrency because of the volatility, so those poor people who only earn little amount of money which is only good for their daily needs, like food then I don't think that they are going to put their earning at the risk instead of buying it for foods. Yes bitcoin is for everyone but still we need to consider their status in life first, not all can afford to buy bitcoin and not all are willing to take a risk.

Although bitcoin is for everyone but that doesn't mean everyone can make a profit with bitcoin,
Besides that, the high risk is certainly not something that is easily accepted by everyone,
So I think everything has its own way

[buietaw]

For sure the Bitcoin cannot make it for everybody. Bitcoin supply is limited while human is unlimited. I mean human can make new one once there are pregnant lady. Every pregnant is potential to add another person on Earth which additional number the the total population of human. While Bitcoin is limited cannot make new coin that what it is now.

Actually, that's not the only problem. People will spend in line with their needs, and the rate will vary.
Friend talked about a utopia, if only there was a more equal and fair world for everyone. but unfortunately this is not possible for the world. Man is not such a developed species to rule and govern himself. and unfortunately many people are closed to development.

[andriarto]

Bitcoin is really for everyone in which means that even the poorest can have a single amount of bitcoin in which they can buy over the wallets or exchangers and etc. This means that bitcoin is really for everyone and not only for rich people. Bitcoin stands for the people so they can acquire it anytime and anywhere in which it is very accessible.

I don't think that bitcoin would suit those poorest, there is still no assurance to earn in cryptocurrency because of the volatility, so those poor people who only earn little amount of money which is only good for their daily needs, like food then I don't think that they are going to put their earning at the risk instead of buying it for foods. Yes bitcoin is for everyone but still we need to consider their status in life first, not all can afford to buy bitcoin and not all are willing to take a risk.

Although bitcoin is for everyone but that doesn't mean everyone can make a profit with bitcoin,
Besides that, the high risk is certainly not something that is easily accepted by everyone,
So I think everything has its own way

for those who understand the bitcoin market, of course they will feel comfortable making money here, but for those who do not understand bitcoin, and understand the risks of course prefer to leave it. and the most difficult thing when people only see someone's success with bitcoin, while they don't understand and want to get a lot of money in a short time, so the gambling begins

[Desscount]

Bitcoin is really for everyone in which means that even the poorest can have a single amount of bitcoin in which they can buy over the wallets or exchangers and etc. This means that bitcoin is really for everyone and not only for rich people. Bitcoin stands for the people so they can acquire it anytime and anywhere in which it is very accessible.

I don't think that bitcoin would suit those poorest, there is still no assurance to earn in cryptocurrency because of the volatility, so those poor people who only earn little amount of money which is only good for their daily needs, like food then I don't think that they are going to put their earning at the risk instead of buying it for foods. Yes bitcoin is for everyone but still we need to consider their status in life first, not all can afford to buy bitcoin and not all are willing to take a risk.

Although bitcoin is for everyone but that doesn't mean everyone can make a profit with bitcoin,
Besides that, the high risk is certainly not something that is easily accepted by everyone,
So I think everything has its own way

for those who understand the bitcoin market, of course they will feel comfortable making money here, but for those who do not understand bitcoin, and understand the risks of course prefer to leave it. and the most difficult thing when people only see someone's success with bitcoin, while they don't understand and want to get a lot of money in a short time, so the gambling begins

It's true, the reality is that they forget that someone who is successful here certainly takes a long time,
they even need to learn more about things related to cryptocurrencies,
so I think it's time to pay to be successful here

[S4VV4S]

*the post has been edited based on the reply in this topic as of 11 May 2021 22:00

some stat:
  * "the world population was estimated to have reached 7,800,000,000 people as of March 2020" (https://www.google.com/search?client=firefox-b-d&q=number+of+people+on+the+planet)
  * bitcoin current supply: 18,660,000;
    minus 3,700,000 ( "Around 3.7 million bitcoin, currently worth around $140 billion, appears to be permanently lost or stranded in disused digital wallets, US-based paper The New York Times reported Tuesday." / https://www.google.com/search?client=firefox-b-d&q=how+many+bitcoins+lost+forewer)
    total: 14,960,000

in case of equal distribution as of may 2021 (no worries, it won't happen): 14,960,000 / 7,800,000,000 = 0.0019179 btc per person / 191790 sat per person
with the current average price of $55,000 per BTC : 0.00221794*55000 = 105.48 $ per person;

now let's dream a little bit.

some more stat:
 * "The world's population is projected to reach 8.5 billion by 2030, 9.7 billion by 2050" (https://www.google.com/search?q=number+of+people+by+2030);

year 2050:

some if's and assumptions:
 *99.9% of population has access to electricity and internet;
 * robots almost ready to do all the dirtiest and manual work for humans;
 *humans do mostly intellectual work, craft, art, etc.; they still can do manual and dirty work though, but only if they want to;
 *energy is clean, unlimited and practically free;
 *bitcoin has matured and evolved, got strength and new qualities:
   - become easy and convenient to use, cheap (low/no fees) and fast (processing time);
   - stayed decentralized;
   - become capable of self-defence (developed a mechanism against manipulation and abuse of the system);
    - governed by users/holders (has different levels of voting systems and various electoral, autonomous bodies within the system that counterbalance and equilibrate each other to avoid corruption and abuse of power);
    - has a mechanism of suppression of unnecessary urge for greed and unreasonable enrichment (various fee in case one holding more than need or speculate);
    - stimulate trust, help and support for those who are in temporal difficulties (unforeseen circumstances, illness, etc);
    - has a mechanism of discouraging laziness and make no room for freeloaders (want a bite - do your part);

some more if's:
 * bitcoin current supply: 20,900,000;
  minus 3,700,000 ;
  total: 17,200,000;
 * bitcoin slowly has been redistributed to all people on the planet: big holders willingly and voluntarily sell their surplus of bitcoins to bitcoinless folks (it is not profitable and respectful anymore to hold more than you need);
   
remember the year is 2050:

17,200,000 / 9,700,000,000 = 0.00177319 btc per person / 177319 sat per person;
with the price goes up to $1,000,000 per BTC : 0.00177319*1000000 = 1,773.19 $ (but who cares about fiat in 2050?)

177319 sat per person / a golden standard / - an average living wage for a common citizen of the world;

SO. all we need is a mechanism of equal distribution of bitcoin among all people on Earth, BUT it has NOT to be on the base of forceable expropriation and equal redistribution. the mechanism has to be just, transparent, beneficial for everybody, stimulating trust and honesty, fighting greed, corruption and laziness.

Maybe this is a pretty interesting idea to study. It's just that the question is, does everyone understand what cryptocurrency is, what is bitcoin. Even in my country not many know what bitcoin is. So if this idea is poured in, there's still a lot that needs to be studied, in order to make it perfect.

[wxa7115]

It's true that even poor people don't necessarily understand cryptocurrencies, especially bitcoin,
and I don't think poor people will think that far, of course they will think for themselves how to survive,
so even though some give free bitcoins of course they don't understand what to do with bitcoins

Try to give a poor guy bitcoin and for sure that he's going to do what it takes to understand it and what's the best thing to do it. Almost everybody got a signal for the internet to do simple search.

Don't just give him bitcoin but also try to make him understand what bitcoin is and what is the use of it for sure he will be curious to know then dig dipper information about bitcoin since if you just give it to them they will just sell it off and buy the amount what they get some certain goods for temporary survival.

I will argue against giving bitcoin to anyone that does not understand it, there have been many examples of this in the past and for the most part those people lost their coins, spend them as soon as they could and did not obtain any benefit out of it or got hacked and scammed and they lost those coins anyway.

So taking this into consideration the best we can do for those that do not know anything about bitcoin is to explain why this form of money is revolutionary, but I will give you just a warning, the number of people that can actually understand why something like bitcoin exists is very low as you need to know about economic principles in order to understand bitcoin which is a topic in which the majority are not interested.

[Princejebs]

Bitcoin is for everyone but I won't go with the contextual meaning you sighted equalizing it to the number of people we have in the world. Bitcoin is for all who see it as a means of investment and see a future with holding any amount. Bitcoin is not restricted to age, size, color, race it is for all sundry.

The same energy of hatred we exhibit towards some other form of investment ms settlement of debt, that's how some other people view bitcoin and cryptocurrency as a whole.
Do you know why many sticked to bitcoin, its because of of it inherent nature of gains that one can easily get otherwise, many wouldn't even think of bitcoin as investment twice.

[AKalinousky]

we talked a lot in this thread about equal distribution/redistribution of bitcoin among people, its cons and pros. but if we look at bitcoin in general, it becomes quite obvious that bitcoin itself is kind of a tool of redistribution of wealth among people. there are a lot people who change their financial/social status thanks to bitcoin in particular and crypto in general.
can bitcoin become a universal mechanism of just and fair redistribution of wealth among Earth's population?
what are your thoughts about this?
* is it possible?
* is modern society ready for it?
* will it be accepted by people?
* will it provoke conflicts/wars?
* what qualities bitcoin have to acquire to become a mechanism of just redistribution of wealth? 

[Obito]

we talked a lot in this thread about equal distribution/redistribution of bitcoin among people, its cons and pros. but if we look at bitcoin in general, it becomes quite obvious that bitcoin itself is kind of a tool of redistribution of wealth among people. there are a lot people who change their financial/social status thanks to bitcoin in particular and crypto in general.
can bitcoin become a universal mechanism of just and fair redistribution of wealth among Earth's population?
what are your thoughts about this?
* is it possible?
* is modern society ready for it?
* will it be accepted by people?
* will it provoke conflicts/wars?
* what qualities bitcoin have to acquire to become a mechanism of just redistribution of wealth? 

To answer every question, I would like to set an example, if bitcoin was used for unifying nations, just look at Babel Fish from the book Hitchhikers Guide to the Galaxy, it did made people understand each other but in the end it caused more wars than unifying the universe so given that it is a metaphor on how human creates war no matter what, I am pretty sure that bitcoin isn't the solution.

[Bigmikie]

Very true that Bitcoin is for everyone but mind you that if there is no in-depth knowledge about it before investing in it, then, it means you have planned to run loss at every of you invesent.

[Clavulanic]

Very true that Bitcoin is for everyone but mind you that if there is no in-depth knowledge about it before investing in it, then, it means you have planned to run loss at every of you invesent.

Bitcoin is the most reputable and king of all coins in crypto world is most likely the front line in dealing newbie in crypto, but not all the time a newbie always loss because it all depends on how he/she take a research and study prior engaging in crypto. I believe investment only happen when someone buy his own btc from the market with his own wallet rather than investing money to someone using btc as a cover up of networking scam.

[monineklutak]

Very true that Bitcoin is for everyone but mind you that if there is no in-depth knowledge about it before investing in it, then, it means you have planned to run loss at every of you invesent.

I don't really care about bitcoin for everyone or not because basically investing in cryptocurrencies especially bitcoin is not easy,
they have to be really knowledgeable and work hard to be able to make a profit,
because otherwise we will most likely lose money like you said

[bitzizzix]

Bitcoin is for everyone, and bitcoin will be true if held by the right people and have sufficient knowledge and understanding and will also be profitable which will make his life better financially.
and bitcoin will also make people suffer if it is held by people who do not have good knowledge and understanding of bitcoin, because they will accept losses.
and to have bitcoins you don't have to be rich or poor, as long as the person has the desire to keep trying and learn it well it will definitely be useful because there are many ways to get bitcoin for free even though it's not much but gradually and patiently it will become a lot and multiply.

[ziennakarishma21]

everyone has a way of giving away some of their own money and not, and BTC is not free that is money and it is paid by many people to own it, but the problem you said is also quite interesting and I feel it too. have a little bit of the same opinion with you.

[Dragonfund]

Bitcoin is really for everyone in which means that even the poorest can have a single amount of bitcoin in which they can buy over the wallets or exchangers and etc. This means that bitcoin is really for everyone and not only for rich people. Bitcoin stands for the people so they can acquire it anytime and anywhere in which it is very accessible.

It's seems you are only considering your own jurisdiction. You are not viewing the whole thing out of your environment.
Someone can be rich and be an illiterate and may be poor and still be. Literate. Its not everyone one that has no knowledge about bitcoin and to implement it, the nation need to know what they are using.
Now, what about those that didn't go to school and cannot read and write?
Have you considered places where there is no internet?
One of the qualities of money is to be simple, bitcoin might simple for an average literate but illiterate mind find it been complex.
We shouldn't compare bitcoin and fiat, they may possess some similarities but they aren't the same.

[verita1]

Bitcoin for everyone. I see it in the following way if in a poor family at least one of its member is able to learn about bitcoin he or she could support her household. We all agree that bitcoin is empowerment, we already know the unemployment rates in any of our countries, let's think for a moment of them in the displaced, homeless people.

If they had the knowledge about bitcoin how to receive satoshi or earn it doing online jobs. It would be a big difference for their lives, they could have a better future because at birth we need to go through stages and overcome them and while the central power is not able to facilitate them we can think of bitcoin.

[Xinarae*]

Adequate capital is required to use bitcoin there are many poor people who cannot afford to invest in bitcoin it depends on the people not just the holders.

More than the capital ample knowledge on how Cryptocurrency works is more important if you know how Cryptocurrency and its potential, you can do something to acquire capital to invest, I have a friend who after learning how Cryptocurrency works have set aside ten percent of his savings to building his portfolio and now he is doing great, he has made ten times profit from his portfolio and continues building up his portfolio.

Investing in crypto requires both knowledge as well as capital you have a lot of knowledge about the crypto market but you can never invest without sufficient capital. Those who have succeeded in crypto have grown up with their own small capital using his intellect, he gradually increased the amount of capital.

[ninabobo]

Equal distribution of bitcoin can't happen because everybody works for their money and its money there use in purchasing bitcoin, so it can't be equally distributed, we have the big investors and also the small ones, everybody buys according to what there can afford and you will agree with me not everyone has bitcoin, some can't afford it! That's the less privileged, why some hates bitcoin ignorantly and wouldn't want to invest in it so this shows some people aren't into this space.

[breathlessz]

Equal distribution of bitcoin can't happen because everybody works for their money and its money there use in purchasing bitcoin, so it can't be equally distributed, we have the big investors and also the small ones, everybody buys according to what there can afford and you will agree with me not everyone has bitcoin, some can't afford it! That's the less privileged, why some hates bitcoin ignorantly and wouldn't want to invest in it so this shows some people aren't into this space.

right, bitcoin ownership is not evenly distributed, and there are still many people who don't even know about bitcoin. at least no matter how much money they have, they should be able to buy bitcoins, even if they don't have to be whole per one bitcoin. here we see the role of the government which seems to limit the movement of bitcoin, even though bitcoin will continue to grow in any situation