Some say that poor people should not be involved in #Bitcoin because of the risks and volatility. It is true that Bitcoin is volatile and could go to zero and investors could lose every penny. People should not risk what they cannot afford to lose and poor people cant afford any loss. Its also true that the worlds poor generally dont have other superior options. About 2 billion people cant get a bank account, many have challenges with wires and transfers and the overwhelming majority of very poor people globally live in countries with severely broken economies and dysfunctional currencies. These broken currencies are also volatile and worse, some systems have certain loss when it comes to remittances and holding in banks. This one time poor people have the first and only option theyve ever had to be on the same financial platform as billionaires, hedge fund managers, venture capitalists and rich first-world business people. They are not excluded by any bank or system and Bitcoin doesnt care about your skin color, national origin or even if you have an ID card. I say let them in, let them participate, welcome them and lets see what this can do.
Posted on: Thu, 11 Sep 2014 11:53:51 +0000
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