Fix the money, Fix the world.

[oktana]

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.

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.

[Hewlet]

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.

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.

[Lantind]

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.

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.

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.

[slapper]

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.

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.

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.

[tottong]

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.

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 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.

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.

[Abiky]

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.

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"?

[leonair]

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.

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.

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.

[dansus021]

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

[Briankimp1]

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.

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.

[Pi-network314159]

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.

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 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.

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.

[Mr. Magkaisa]

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.

             -   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.

[oktana]

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.

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.

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.

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.

[HajiBagi]

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.

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.

[Abiky]

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?

[STT]

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.




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.

[Wakate]

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.

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.

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.

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.

[oktana]

~~~

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.

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.

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.

[laijsica]

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.

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.

[Zanab247]

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.

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.

[Fortify]

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.

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.