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

[darkangel11]

What OP is saying is pretty obvious as no financial instrument will help a corrupt country. The only thing that can help is getting rid of the root of the problem, which is corrupt government. The problem is that a widespread corruption is hard to fight because as an honest politician you find yourself facing a wall everywhere you turn and enemies behind every corner.
That said, bitcoin isn't a bad choice. It's not a miraculous solution for all problems, but it's a step in the right direction.

[ajiz138]

If the leaders are corrupt then it will not make the economy grow, they think of their own interests even if bitcoin has been made a currency they will easily embezzle government funds as they please.

But they can get out of poverty with the existence of bitcoin as long as they know how to work to get it then this will not involve the government bitcoin is freedom even if the government prohibits the use of bitcoin you can still have it.

[nakamura12]

I agree that bitcoin is not the solution for a country that wanted to get out of poverty because it is not the reason why bitcoin is created. We can read it in the whitepaper that it is not poverty the reason why Satoshi Nakamoto decided to create bitcoin. I don't know why many people think that it is the solution when the real solution should be getting rid of the problem. We all know that bitcoin and other cryptocurrencies are volatile so it a country may end up more problems if a country lose profit on investment in bitcoin.

[mirakal]

Bitcoin is just a tool, it won’t be the overall solution to poverty. The solution comes from the leaders of the country, and how it provides privileges and opportunities to the people so they can get rid of poverty and live life comfortably and meaningfully.

While bitcoin can be a reliable currency, nevertheless it should also be well introduced as a profitable investment. But I doubt if this will be possible because if bitcoin provides a lot of profit opportunities, the country’s leaders will be the one to first benefit it that’s why they become richer and richer, while leaving the citizens still combatting poverty.

[kryptqnick]

Bitcoin is a tool, so it can be used and abused depending on who's handling it. But Bitcoin doesn't necessarily need to be a part of the top-down approach. People can adopt it themselves, without governmental instructions and oversight. It won't fix systemic issues, but those who use it might be able to escape hyperinflation of fiat or unreliability of banks (if these issues are present).
As for corruption, I believe it's a societal issue, and it must be worked on starting from school education, to foster intolerance and despise toward corruption. I come from a country where corruption is a huge problem, and I can tell you it's not just about 'corrupt leaders', unfortunately. It's about a high degree of toleration of corruption, cheating and casual rule-breaking on all societal levels.

[rat03gopoh]

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

I just thought of a scenario in which people can achieve a certain level of privacy with Bitcoin where the government will not charge people too much tax and as a result reduce the state revenue. Corruption may be decreased in nominal terms. just a shallow thought. hahaa

[ancafe]

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.

I am not so sure that bitcoin can save a country or change it, although if you look at El Salvador as the closest reference that makes all the difference. Bitcoin can save individuals when they are able to take advantage of it while the country must take the approach that El Salvador did. But if the country does not dare to take the approach that they did then bitcoin will not be of any use to the country. Moreover, there are many cases where leaders become very corrupt with the financial resources generated, especially when talking about taxes that can be applied to crypto.

Countries can generate a level of income from legalizing crypto but they must create binding rules because if they do not do it then it is difficult to achieve like El Salvador. The question is are some countries willing to do that? and how they can try to change some of the rules regarding fiat as one of the country's currencies.

[knowngunman]

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.

I think I'm missing something here, when did we believe bitcoin will solve poverty problem even when the leaders are not corrupt?

As far as I know, bitcoin was not specifically created to combat poverty problems and has no business with bad/corrupt or good leaders. It's just a currency that gives you financial autonomy to control your own money without government and their agents (banks) interference.

When you talk about poverty or bad leadership, it's entirely a different discussion.

[CageMabok]

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.

Corruption is a disease that must be eradicated as soon as possible if it has occurred in a country because any development that will be planned in a country will never run smoothly if the leaders themselves still like to corrupt state funds. And a country that still has corruption in its government system will certainly not be suitable enough to use anything including the use of crypto and Bitcoin. Because its citizens themselves are certainly still in poor conditions and the development of Bitcoin use in the country will certainly not be significant enough because almost everyone still has to think about their daily needs to fill their stomachs.

[Iranus]

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.

I think I'm missing something here, when did we believe bitcoin will solve poverty problem even when the leaders are not corrupt?

As far as I know, bitcoin was not specifically created to combat poverty problems and has no business with bad/corrupt or good leaders. It's just a currency that gives you financial autonomy to control your own money without government and their agents (banks) interference.

When you talk about poverty or bad leadership, it's entirely a different discussion.

You must have missed it because not only the OP, I have also debated in many topics with many people about this issue. They believe that simply using bitcoin can easily help eradicate poverty or reduce unemployment or even create peace in the world if the whole world accepts and uses bitcoin  . Indeed, many people have very crazy imaginations and thoughts to consider bitcoin as a god that can save this world just by accepting and using it.

Eradicating poverty, reducing unemployment, eliminating corruption...all of this is not the job of bitcoin, it was not created by Satoshi to solve those problems nor is it capable of doing those things. We should stop exaggerating about bitcoin, it's just a currency, that's all.

[AprilioMP]

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

Corruption of despicable actions. Crypto many types. Bitcoin is only one, namely BTC. Bitcoin Currency Freedom that makes it easy for users to manage and manage their money. Your Bitcoin is yours and not regulated by them as an object that has the opportunity to commit acts of corruption of the money managed by them.
Bitcoin is not able to erase corruption because the one who committed corruption is not Bitcoin. Bitcoin is unable to erase poverty because Bitcoin is only a currency with an open source.

[Nheer]

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.

Having corrupt leaders doesn’t affect bitcoin usage in my opinion, bitcoin gives you financial freedom which means no one will be in control of your money. If the corrupt leaders want to use bitcoin to launder money it will not have an effect on your usage of bitcoin and if they embezzle country’s money well it will affect the country and not those who use bitcoin.

I know where you are trying to go but bitcoin has it's benefits and also it was not established to solve poverty problems it is designed to give us financial freedom but it’s volatile nature makes it more advantageous to use as it can grow in value over time but it doesn’t mean it will make people rich as you think.

[Dr.Bitcoin_Strange]

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

Bitcoin cannot even put an end to poverty in a country with a high rate of poverty. It's not just a story that Bitcoin started off at a very cheap rate, where $1 could buy more than a thousand bitcoins, and later, when even $5 could still buy 1 bitcoin, the price started to grow gradually up until 1 bitcoin was sold for $100 and so on. We all know what the price history looks like, and comparing it to the current price, even the yearly revenue of the majority of citizens in different countries of the world is not up to $10k. Meanwhile,  there are some poor people whose revenue every year doesn't even amount to $5k. 

So, what I am saying right now is that people need to work and source for their income in various ways before they can be able to get money to invest in Bitcoin, and like you said, in some countries with a greedy government, if they lay hands on crypto, they can freely embezzle the country's money without anyone finding out. 

[benalexis12]

In my understanding, Bitcoin was created to help every individual who believes in financial problems. Today, Bitcoin can be used for good and bad, and for several years it has been used by people with bad intentions or motives for other communities in this industry.

But most or the majority of people around the world at this time are still trying to use Bitcoin in the right way, and even institutional investors or even large business companies around the world are investing in it.

[Solosanz]

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

I disagree, Bitcoin is use public blockchain, so any transactions made by the corrupt leaders will be shown on the blockchain. Anyone can see that, if they want to corrupt, we will know how many coins are moved to those "suspicious address" and they need to prove it.

Unlike fiat, it's recorded on private ledger where they can manipulate the information.

Bitcoin can be both solution, solution for people to escape from corrupt leaders or Bitcoin change the corrupt leaders.

[Casdinyard]

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.

Exactly my sentiments for a while now. People think that just cause bitcoin made a few millionaires in the past, it's going to make them rich altogether and it's the one and done solution to poverty. The fact of the matter is that, almost everyone who got big on bitcoin, was just a case of right place at the right time, in short they got lucky. And you can't emulate the same eventuality in most cases, so you can't bank on bitcoin or cryptocurrencies to help you move out of poverty.

What I highly suggest the governments and the people do is to use bitcoin not as a main source of economic success, but as a means to further supplement existing options, for regular blokes that's having 9-5s that pays them consistently, for governments, that's other ways to earn GDP.

Bitcoin is great but it's not that great, you have to have something else up your sleeve if you want to utilize this shit to the fullest.

[Lida93]

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.

We focus too much on what bitcoin can do for the  government of a country as benefits they stand to gain than what it can do for us as individuals. Bitcoin wasn't created for the government but basically for individuals like you and me who are sick and tired of the control the government has given itself over our finances and the monitoring of definitely every transactions, quelling any form of privacy and economic freedom for the average citizen.

Even if the leaders of a country aren't corrupt it doesn't mean that their acceptance of bitcoin is going to eradicate poverty in the country. The implication would be that there would be a large scale of self custodial wallet owners thereby reducing the long arm of the government and their interference policies therefore increasing privacy and financial freedom in that country but in reality no government wants that.

[ChiBitCTy]

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.

Well see now this is the whole point of bitcoin in general..decentralization.. and freedom from oppressive regimens that are working with them to hold their people down through poor banking regulations.  I mean bitcoin can't be controlled by the government of any nation, thats the whole point of this thing..so..I guess I'm not really sure I can agree with you here.

Of course by a government banning bitcoin, they are going to make the on and off ramp more difficult to get to.

[Smack That Ace]

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.

I don't even think that bitcoin and cryptocurrency can help a country's economy in a better direction, let alone that they can help alleviate poverty in a country. Cryptocurrencies in general and bitcoin in particular are being used by us as an investment and for that we need money. Poor people, where do they get the money to invest in bitcoin?

Not to mention, bitcoin is just a financial market, which means investing in bitcoin can make a profit or it can make us lose. How can we escape poverty if our investments lose money?
As bitcoin investors, we always hope it will get better and better and can bring more benefits to the world. But let's be realistic and admit that Bitcoin is just like gold or other assets. It cannot help improve a country's poverty or unemployment or reduce a country's corruption rate.

[shield132]

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.

Bitcoin can't make wheat, carrot, or meat, it can't create a surgery, it can't build an apartment. Bitcoin is not a magic stick to save poor countries from their mistakes. Poor countries need to invest in education, healthcare, they need to send their people to study in developed countries to get a good education and improve their country with that education. If the government isn't doing this, then there is no hope for other things to improve the life in such a country. If the government doesn't do that, then the government is corrupt and Bitcoin will only help them in their corruption and nepotism.

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.

Can't agree with you on that part because blockchain analysis is getting advanced and if you are their target, they can do their best to make it very difficult for you to keep control of your coins. It's getting hard to buy/sell Bitcoin without KYC, you'll have to spend many coins to protect your privacy by using, maybe multiple mixers.