BTC is not human, someone have to use it right.

[Crypt0Gore]

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

[BitcoinGirl.Club]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

They can be corrupted but with Bitcoin you have your freedom. Your money is not in their hand, they can never freeze it, they will never know what you have unless you failed to protect your privacy.

[anarkiboy]

They can be corrupted but with Bitcoin you have your freedom. Your money is not in their hand, they can never freeze it, they will never know what you have unless you failed to protect your privacy.

Government does not need to freeze your Bitcoin funds, if they know your Bitcoin address they can prohibit you from transferring those funds under threat of fines and jail.
You can try saying you lost your keys in a boating accident but then they will flag this Bitcoins and anyone who will try to use it will be in trouble (tainted coins).

By using Bitcoin you are already failing at privacy as it is a transparent blockchain that anyone in the world can see and it's very easy for government to attach a name to each coin as most coins are traded on regulated exchanges with KYC in place.

The only way out of this hell-hole is to use privacy by default project like Monero, once you get out of exchange, they no longer know what is happening with the coins.
If you really want to have transparency then you can share your view-only keys with anyone you like or generate proof of funds.

[BitMaxz]

Why would you bring leaders if anyone can use Bitcoin?
Look leaders don't know much about technology and anyone can use Bitcoin it doesn't matter if the leaders are corrupt.
Like the above said Bitcoin is freedom anyone can use it without relaying to country leaders and no government would able to hold your account since your Bitcoin is your own bank.

Honestly, I don't think they can stop crypto and Bitcoin almost all countries are using cryptos they can ban them but it's just temporary, and later people are still using it.

[Orpichukwu]

They can be corrupted but with Bitcoin you have your freedom. Your money is not in their hand, they can never freeze it, they will never know what you have unless you failed to protect your privacy.

Government does not need to freeze your Bitcoin funds, if they know your Bitcoin address they can prohibit you from transferring those funds under threat of fines and jail.
You can try saying you lost your keys in a boating accident but then they will flag this Bitcoins and anyone who will try to use it will be in trouble (tainted coins).

And you as a person, why will you make your bitcoin address public for the government to link your identity into it, knowing fully well that all they will need is to control how you spend it, monitor every bit of transaction you make from it, what they are for, etc.? 
 
It's better for you not to make the wallet public than to start trouble that will take time and careful planning to get out of it. As long as censorship is not done on the bitcoin blockchain, tinted coins can still be spent if you know how to go about it.

[Antotena]

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Anytime I see people saying that the government doesn't like Bitcoin and crypto because of the concerns of money laundering, I just laugh it out. That's exactly what majority of them does but wouldn't admit doing it. Before, when an allegations is written on a politician that looted money, the money are always trace to business model money laundering through fiats with many accounts related to their own families or people not even close to them but now, most of them don't keep the money in banks, they quickly use it to buy crypto.

However, where is an advantage, there is a disadvantages but the advantage of Bitcoin is far more than what are been seen as a threat. If the government want Bitcoin to work, it's going to work and it will give audience to public how money are been used and spend. People can analyze chain on transactions and how politician loots money and the laundering will become more difficult to do as everyone attention will be on them nationwide and globally.

[SquirrelJulietGarden]

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted?

If your government and their leaders, staffs are all corrupted, you can not change them as a single person. To change it, you need to have nationwide efforts from majority citizens in your nation. If it's not such time, you can let it be and focus on yourself. Governments can be corrupted but they can not steal your bitcoin in your own non custodial wallets. It's one big reason for you to choose Bitcoin to store your fund safely.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

It can not help your country but it can help you, as a single person if you see strength of Bitcoin and know how to invest in bitcoin, and store it in a right way. What is a right way?

Use open source non custodial wallet for storing your bitcoin and make sure you back up your wallet in a right way as well.

How to back up a seed phrase

[serjent05]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

At least Bitcoin help the citizen to financial inclusion.  No matter how corrupt the government is, the individual is responsible for his well being.  The improvement and the progress of a citizen's financial journey is dependent on his own efforts.  The government may be corrupt but the personal financial situation of a person is due to his action.

I agree that to be able to take advantage of BTC, it should be use for its purpose and as long as the government don't ban Bitcoin, citizen can utilize its features to create financial opportunities .  The government won't work for us to have food on the table or make us wealthy, it is our effort to make these things to reality.

[Fiatless]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Even without corruption, Bitcoin is not still the solution to poverty. Without the right economic policies nations will still be underdeveloped. If the government fails to handle inflation, illiteracy, and insecurity, Bitcoin will do little or nothing.  Apart from corruption, poverty can be reduced by industrialization, economic diversification, and technological advancement.

Bitcoin could help a country to get additional revenue if the government, businesses, or citizens are involved in it. It could also attract crypto investors to the country if the government makes friendly laws, and it could help reduce the cost of international payment transactions.

[Onyeeze]

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Think I have said this kind of thing before, bitcoin is digital currency that's decentralized, but I know very well that cryptocurrency mostly Bitcoin has to with precaution and if you are looking for a way to elevate the economic down fall of your country don't go through investment of Bitcoin, except that your expectations of achieving profits for your investment in bitcoin that you're investing for bitcoin you do invest for your country will last for fifteen years to twenty years, because investment of Bitcoin is not something you can make a profit immediately you invest on it, if the management of the country can agree for long-term investment I think that it will help in future to make economic situation of a country to be alright.

[Marvell1]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

If the cause of a country falling into poverty is corruption then the government needs to find a solution to overcome corruption, using bitcoin in this case will not help their economy or help them fight corruption. 

I agree with you, I also saw some threads giving the idea that we should use bitcoin to alleviate poverty and fix unemployment in a country. But honestly, it's all just unnecessary hype, I don't think bitcoin can do those things. To be able to improve the economy is not a simple matter and takes a lot of time, we need to solve corruption, employment, inflation...can bitcoin do those things? Can Bitcoin eliminate corruption? Can Bitcoin create jobs and income? No, it is just a currency, a payment method, nothing more and nothing less.

[anarkiboy]

And you as a person, why will you make your bitcoin address public for the government to link your identity into it, knowing fully well that all they will need is to control how you spend it, monitor every bit of transaction you make from it, what they are for, etc.?
 
It's better for you not to make the wallet public than to start trouble that will take time and careful planning to get out of it. As long as censorship is not done on the bitcoin blockchain, tinted coins can still be spent if you know how to go about it.

The part that you have omitted while quoting me answers your question.

[Kelward]

If your leaders are corrupt don't bother trying to force them to do anything that will make the country grow using Bitcoin and crypto, it is not going to work.

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

There's no need to force or advocate for your country's leadership to adopt Bitcoin on a national level, as you said it won't change much if the leadership is corrupt and lacks vision. Bitcoin was created for the holders freedom and privacy and it's doing very well in the hands of individuals and institutions that are proactive and knows it's worth as a valuable asset. Infact governments don't need to hodl Bitcoin for it's price to continue to reach new ATH price, so it's anybody's lose including countries that can not be truthful to themselves and hodl the store of value.

[glendall]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Bitcoin is not a solution for poor countries, but Bitcoin is a solution for individuals, not countries. If the leader is corrupt from the start then there will be no change at all because corrupt leadership will continue to exist in the next leadership.
So it's useless for you to resolve Bitcoin for your country's leadership

[retreat]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

That's absolutely right, Bitcoin will not be able to help a country when its government is corrupt from the start, no matter what regulations are given by the government, in the end Bitcoin will only be a "display" to deceive people so that their country looks more sophisticated, when in fact what happens is that they do not fully understand what Bitcoin is and how they can use it for their needs. Bitcoin is a transaction tool, it never guarantees that it can help someone's economy, so never put your hopes in Bitcoin that it can help your country's economy because its price still tends to be volatile and there is no guarantee that the investment you make today can be profitable in the next few weeks or months.

[uneng]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

Not only the leaders, but the population as well. If the country has corrupt leaders, it's because the local citizens put them on the power positions where they are through democratic elections. Bitcoin is a neutral tool which can be used for the good or evil, depending who is using it, and what their purposes are. Bitcoin alone can't do miracles, but it certainly can help nations, groups of people and individuals who want to thrive in an ethical way in life, aware that abusing others won't take anyone to a good place futurely.

Thankfully you don't need your corrupt leaders or countrymen to adopt and be benefited by Bitcoin, due to the decentralization characteristic. Therefore, don't worry too much about others, do your part and reach as far as you can conscious your methods aren't the same they use to progress in life and be proud of yourself for that.

[348Judah]

I have read few posts about how crypto and BTC can change the country for the better, and I fully agree to this but what if the leaders of the country are all corrupted? In this case I don't expect Bitcoin to help a bit, the leaders will find ways to start using crypto to their own advantage, maybe embezzlement of the country's fund.

This is one of the misconceptions some are having towards bitcoin, this is not a digital currency that is aimed at perpetrating illicit activities like financial fraud and it's clear that it's not a safe haven for scammers to hide, despite that there is high demands for one's privacy with the use of this same currency.

Another thing you may have to consider here is the nature of how bitcoin network operates, it can't be centralized because its working under a decentralized network, everyone interested to invest in bitcoin on his own can willingly adopt it use and invest without having to go through central authority.

[Zoomic]

Bitcoin alone cannot take any country out of poverty. A country who approves of Bitcoin's adoption can only use bitcoin as an economic tool to fill up some lapses in some vital sectors of the economy in order to make things easy for it's citizens. A country with high rate of poverty needs more than just Bitcoin to actually reduce poverty in their country. They need to invest in various sectors like education, agriculture, mineral resources and try as much as possible to create employment opportunities or encourage entrepreneurs.

For a country with corrupt leaders and corrupt citizens too, they need to purge their minds of all forms of corruption first before even thinking of adopting bitcoin. Bitcoin is not a magic coin that does the extraordinary, people still need to put in their best first so they can truly enjoy bitcoin.

[Pandu Geddon]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

if the problem is corrupt officials, then before developing a system or adopting Bitcoin and the Blockchain system, the state must first prepare a supervisory body before implementing the system.

officials who still commit corruption are not because they are still lacking financially. but because there are opportunities and loopholes in the system that is running. moreover, if caught, the punishment is not commensurate or not scary for corruptors.

it is not Bitcoin that should be blamed for being used as a tool for corruption. but the corrupt brains that must be cleaned.

[iBaba]

Bitcoin is not the solution to countries with high poverty rate if the leaders are all corrupt.

I have never had the kind of thinking that Bitcoin will need the validation of a leader of any country to either thrive in the country or boost the economy of the country as well as the standard of living of the country people. I like to refer to bitcoin as the 'Grassroots Currency' because it doesn't require any government to function or circulate but only requires your individual interest and this is why amidst the news and propaganda we've been facing over the banning or restrictions of Bitcoin within the crypto community of some countries, it has only grow up in number of users within those countries anytime the government fights it.

The government is a system that's built to have a monopolistic or if you like, centralized approach to everything including the financial aspect of people, yet bitcoin is an opposite of such practice because bitcoin grants freedom to the beholders and brings about a decentralized approach of financial systems which makes it extremely difficult for the government to destroy.