koko Posted December 17, 2017 #1 Posted December 17, 2017 If everybody could go on board with cryptos then we can kick out poverty forever. Think about it! I don’t really know how the financial world works but I believe if everybody could come on board the crypto world we could actually end this thing called poverty. The catch is simple, crypto currencies can be created from scratch. This means anybody can create them and have them….That’s all we need.
meislucky Posted December 17, 2017 #2 Posted December 17, 2017 Ok, first of all, that's not how economy works. You can't just make "something" out of nothing(in this case cryptocurrency) and give it to everybody and they will all be good and well. Every "cryptocurrency" that you create has a USD translatation (which means that its value is expressible in USD) therefore has an equal good in the physical world. Long story short, every satoshi has to have an equivalent into something that ppl use(primary food, water etc etc), that's because ppl don't eat satoshi or cryptocurrency. It's way more complex, but that's a summary.
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