Fix the money, Fix the world.

[NewRanger]

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.

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.

[kentrolla]

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.

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.

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.

[letteredhub]

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.

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.

[Volimack]

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.

[STT]

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.

[Abiky]

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.

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.

[Gormicsta]

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.

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.

[CageMabok]

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.

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.

[Albarq]

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 .

[Sorryfor]

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.

[Abiky]

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.

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.

[oktana]

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.

[Gormicsta]

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.

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.

[Troytech]

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.

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.

[Abiky]

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.

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.

[johnsaributua]

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

[oktana]

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.

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.

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.

[Benedictare]

   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 .

[Abiky]

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.

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.

[Fara Chan]

   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 .

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.