Replying to Revolution☠️

Even BTC will not help the equality of rich and poor . This will remain the same . Have you considered that some countries will remain poor anyway after BTC adoption ( the percentage will be different in each country ).

Nor will it help people who are already poor.

BTC is not here to help bring about equality or world peace.

It's the future yes but only in the right hands could it create , fix or help something.

I'm starting to realize that you're all getting blindsided in how you perceive BTC

Of course I'm rooting for everyone, but the world isn't going to change.

Wars, poverty, disease, famine will be there even with BTC. It's all about people, not BTC

As always " don't take my word for it everyone has a brain "
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aivii 1y ago

If government needs to raise taxes to wage a war, it'll be a much harder feat than just printing money.

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Revolution☠️ 1y ago

Maybe yes but there is already a paper ETF ( fake BTC ) that is paid for with fiat currency . And we have another circle:(

I too was and I am a huge fan of BTC but as time goes on I realize what I'm writing.

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aivii 1y ago

I'm not sure about the assertion regarding paper ETF.

While it becomes increasingly hard to assess collateral value in traditional finance, with Bitcoin it's very easy as the verified information is public in the blockchain. There's a perpetual audit going every 10 minutes on average; that's the consensus.

Bad actors we've known a few. ETF mismanagement, if it is to occur, will be just another version of mismanaged funds (mtgox, terra, FTX etc).

Nothing new.