Bitcoin Forum
May 18, 2026, 04:33:34 AM *
News: Latest Bitcoin Core release: 31.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Why I love crypto ?  (Read 688 times)
monetizator4
Sr. Member
****
Offline

Activity: 574
Merit: 264


View Profile
May 13, 2026, 04:26:34 PM
 #81

Is crypto created to help the poor ?
Yes, it is.

I think that view sounds a bit too idealistic. Crypto can certainly create opportunities for ordinary people, especially in countries with weak banking systems, high inflation, or capital controls. In that sense, it can sometimes help the poor more than traditional finance does.

But at the same time, the crypto market is not some naturally fair or charitable system. In practice, a huge percentage of profits still goes to early adopters, insiders, exchanges, influencers, whales, and project founders. Many newcomers arrive late, buy during hype, and end up becoming exit liquidity for more experienced players.

Also, “free distribution” sounds good in theory, but most people never hear about projects early enough to benefit meaningfully from that stage. Usually by the time the public notices a coin, the easiest gains are already gone.

And secrecy cuts both ways too. Financial privacy can protect freedom, yes. But the same anonymity also attracts scams, market manipulation, hacks, money laundering, and rug pulls. The technology itself is neutral. It depends on who uses it and for what purpose.

So I wouldn’t call crypto democratic, communist, or Christian by nature. It’s more like a powerful financial tool. It can help poor people, but it can also exploit them very efficiently when greed, misinformation, and speculation take over.

Travala - book hotels, flights and activities with crypto and save up to 60% Payment options BTC,USDT,ETH,AVA,Binance Pay,Crypto Pay,BNB,XRP,SOL,ADA,DOGE, etc






primedice best DICE casino with free faucet,

999dice another dice casino, play and get bonuses in BTN, Doge, LTC, ETH.

MiningSweden LEGIT cloud mining, use coupon "ms15" to get 15% discount
The-Mining $5 signup bonus, started 31-03-2015.

btc-stack2x new doubler (48-96 hrs) from well known faucet btc-stack

Зaбaнeн пoжизнeннo пo итoгaм инициaтив xandry. Haдeюcь, oн дocтoйнo зaмeнит мeня нa фopyмe.

███ ███ ███ CASINO     The MOST EXCITING Bitcoin Casino!
██ ██ ██ COINSA     Altcoins Accepted
█ ██ █ CASINO     Pyramid Plunder   Jewels n Gems [◎◎]  Roulette ( +)  Video Poker []]]]]
JaanusRaim (OP)
Member
**
Offline

Activity: 289
Merit: 19


View Profile
May 14, 2026, 02:11:08 AM
 #82

Is crypto created to help the poor ?
Yes, it is.

I think that view sounds a bit too idealistic. Crypto can certainly create opportunities for ordinary people, especially in countries with weak banking systems, high inflation, or capital controls. In that sense, it can sometimes help the poor more than traditional finance does.

But at the same time, the crypto market is not some naturally fair or charitable system. In practice, a huge percentage of profits still goes to early adopters, insiders, exchanges, influencers, whales, and project founders. Many newcomers arrive late, buy during hype, and end up becoming exit liquidity for more experienced players.

Also, “free distribution” sounds good in theory, but most people never hear about projects early enough to benefit meaningfully from that stage. Usually by the time the public notices a coin, the easiest gains are already gone.

And secrecy cuts both ways too. Financial privacy can protect freedom, yes. But the same anonymity also attracts scams, market manipulation, hacks, money laundering, and rug pulls. The technology itself is neutral. It depends on who uses it and for what purpose.

So I wouldn’t call crypto democratic, communist, or Christian by nature. It’s more like a powerful financial tool. It can help poor people, but it can also exploit them very efficiently when greed, misinformation, and speculation take over.


Almost every tool (I know only one exception here) can be used against my interests if I do not want to use it in the proper way. Crypto is not the exception here.

What I want to say is that crypto is a good tool against poverty for those who really want to use it in the best possible way.

In Estonia there is a proverb : "Kes saab santi sundida, kui sant ei taha kõndida" (in English: "it is not possible to make a beggar rich if he does not want it")  Smiley

alastantiger
Hero Member
*****
Offline

Activity: 1218
Merit: 897



View Profile
May 16, 2026, 10:23:44 PM
 #83

Of course, Bitcoin is made for everyone, there is no such thing as rich, poor or middle class, any class of people can buy Bitcoin it is independent for everyone. Any person can buy Bitcoin with complete freedom whenever he wants and can hold it for the future with long-term plans it is completely a personal matter of an investor. There are many reasons behind the creation of Bitcoin but these include financial freedom and freedom from banking complications but general people use Bitcoin in various ways for their own benefits.

There is no discrimination when it comes to investing in Bitcoin but then that does not mean every other cryptocurrency that is not Bitcoin is good to be invested into because if you follow this ideology then you might end up investing into a scam without you knowing.

Bitcoin has it's various benefits and so does other cryptocurrencies but some of this cryptocurrencies are only existing because of the success that Bitcoin had. If Bitcoin was not successful then we wouldn't have had this other cryptocurrency hence if you love Bitcoin that does not mean you should invest into every other cryptocurrency with an expectation of the success that Bitcoin had. Bitcoin can give you privacy, asset appreciation and total control but the same can't be said about the other cryptocurrencies because most of them are not really what they claim to be.

Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!