Bitcoin Forum

Some people claim that Bitcoin will revolutionise the world of centralised systems and on the other side some people think that bitcoin is related to criminal activities. But what is it really about Bitcoin that has led all of us to pay attention to it? For decades we have been fighting for the alleviation of poverty but with the current financial system in order, it is a dream to make everyone feel inclusive especially the ones who have been ignored by the  current banking system for a long time. It's time to let the people know that they have this revolutionary technology in their hands that could end their search for “how to alleviate poverty”?
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion

-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.

-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.

-Financial Exclusion
Financial institutes, specifically banks,  at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.

The best part of bitcoin is that it doesn't stop anyone from utilizing it,  like internet or a radio. It has no limitations to its implementation.

Stating the advantages with out the disadvantages is quite misleading although I am a cryptocurrency enthusiast I still believe that you need to know more about bitcoin you are just stating already known fact.

The interest rates are not high.The banks charge fees for using their services.They make most of their income with fees and commissions.
Bitcoin can't stop hyperinflation or corruption.They are a part of the capitalist society.
Bitcoin can't replace banks,because the process of giving loans can't be 100% automated.

Yeah that's asking too much for something that still has a lot of room for change. And poverty goes well beyond banks, loans and other economic challenges. Even if bitcoin somehow closed gap with banks and fiat, i doubt it can be what you think it'll be.

Hello sir, we can't just wish for it to happen since the balance of the world will be ruined if all people in the world will be rich except for those people who are lazy enough.

To add up to the statement inflation is cause by the increasing demand while the production and/or resources decreases/depletes that is why prices increase and not to mention the ever growing population in every country. Also corruption will not be stopped as long as there are people who would want to take advantage to a person or people and as long as that mindset is not destroyed then corruption will just take on another form and history has already proven that. 

Criminality and terrorist operation has being on since human existence, Bitcoin as a currency might just enhance there operation because of the ease of  transferring without bank interfernce, every good investment platform always comes up with a challenge , Bitcoin is a currency that can alleviate poverty, base on past market trend, an investment into Bitcoin is an investment that can bring about a financial change for an individual.

I guess all those three characters may help limit the self doing of corruption but I dont think that it is possible to eliminate the corruption on 100% scale with it. No thats not possible because that is still very much non transparent system out there and surely it can also be corrupted with many many ways. Lets take example of India where the crypto currency use is prohibited and no transactions related to the crypto are allowed in the bank. But people are so smart that they are still using the P2P ways to trade and invest the crypto currency. I guess there is no way one can stop this and thus it is one way or another misuse of the crypto currency to hide their wealth from the taxes and also breaking the rules. So how do you expect that one to overcome everything ??

So if we focus on the thread title "lets kick out poverty using bitcoin" i would
Love to know how exactly this is going to happen because i cant see it?

Those with lots and lots of FIAT can potentially have lots and lots of crypto.
How are those with very limited resources ever going to aquire a notable
amount of bitcoin?

I love the idea of kicking out poverty. But the whole reason in poverty is because  spend more than they can hodl. Giving a spendable thing to people that are in a hole, isnt a solution to poverty, unless we plan on locking the funds up on their behalf via some smart system protocols allowing the funds to become what they will be worth. The solution.

Maybe by just creating more jobs for them so they can have resources. Bitcoin itself can’t stop poverty but through its technology maybe we can maximize it to create jobs for them. Though this is really hard to achieve but why not to give it a try, government should support this market.

When you said giving a spendable thing to people that are in a hole, I understood it to be teach people how to fish and not to give them fish (I might be wrong or correct though). But that should be the way to financial success for the world, getting people to be aware, build their interest and  teaching them about bitcoin is important.

You're right, it absolutely Bitcoin can't eliminate poverty as it is a part of the community long time ago. Its our self which could bring out from these level, in fact the government provide us more  jobs but it sad to know that some individuals aren't qualify for the position they look for.  

I doubt bitcoin can eliminate poverty, and bitcoin doesn't design to handle poverty problem, bitcoin could create job opportunities and extra income, but it can't be the answer to eliminate poverty, poverty should be eliminate with creating more job opportunities, and this is the job of the government

Wanting to end poverty does not mean that everyone wants to be rich. There are people who only want to have simple life and have financial freedom. Nothing to be scared because we know that rich and simple is different things. Just enough for living is good and that is possible to achieve when everyone learns to work on crypto and accepts it on the community. We have to help each other to improve life as well not only for our self.

I personally do not doubt if bitcoin can eliminate poverty, we know that all this time bitcoin can be obtained wherever you like and if they are observant at the opportunities that exist in bitcoin, then surely bitcoin will become an additional job or a main job that can generate good profits when this. Bitcoin has now become big different from a few years ago which did not have a high exchange rate. So by utilizing the good momentum of bitcoin, I think there will be many people who will succeed in this crypto world. Overcoming poverty is indeed the work of the government, but as long as the people are smart and want to think and keep on fighting, then this kind of society will rise from adversity and continue to seek new innovations to create their own employment.

Lots of people are jobless in this intensively competitive era. Bitcoin can help people who are suffering from unemployment by providing entrepreneurship opportunities with bitcoin.

I know you're positiveness and optimism on how to solve out poverty but I would say that Bitcoin wont really be enough.Why? due to resources on making people aware on its existence.For people who do have the idea or knowledge then it would be an advantage but mostly aren't capable. Those points above are indeed true but wont really be applied if the user itself wont able to utilize such feature.

That may not be possible very easily. People who have a great amount of fiat currency are sure to get a lot of bitcoin. But for the poor it's completely different,which is a difficult thing to change.

I agree! But we could limit it,no?
Atleast one of the problem related to poverty could be somehow controlled if not changed.

when this is the right time to start. with a relatively low price, we can invest. or working on a campaign program. so when prices have soared, of course we will be financial freedom

Although bitcoin is decentralized in the world , it is difficult to easily eradicate poverty , prevent jobless people and to help poor peoples who live everywhere in the streets . It is impossible to support people live in this but i hope someday will did.

First of all people should educate themselves on the whole cryptocurrency topic and not sell their coins with a loss. Stick to them for a few years at least.

But how possible can this really be using bitcoin to end poverty? Do you think bitcoin can actually end inflation or other poverty related crisis? I only believe for poverty to actually be kicked out, there should be economic driven projects which bitcoin can only be used in such transactions. But bitcoin on its own cannot kick out poverty.

I also want to support this kind of thing in the past, but in the days past of the time I am living in this world I say what it is right that all of us isn't financially free since the world is so balance with poor and rich people in it.

Bitcoin will indeed overcome poverty, provided there is a clear trading strategy and the presence of certain experiences.

Then it will just give more purchasing power to some individual but not the majority who are still living in poverty. Of course there's a lot of opportunity, but I don't think that bitcoin will simply wipe out poverty let's say in a 3rd world country. If you're smart then yes, you can alleviate and change your lifestyle, but government needs to do their part to help the majority here.

It seems that a lot of people harbor the hope that cryptocurrencies are going to somehow solve all the problems of the world especially the problem of poverty and that is not going to happen as you say no one is giving bitcoin away for free anymore, you need 6000 just to buy one of it, who has 6000 to spare right now? Even those that are middle class in the United States have almost no savings, not even they can afford to buy a bitcoin.

How people expect that bitcoin is going to be obtained for those that have barely enough to survive? In the best case scenario bitcoin is going to put a stop to several practices when it comes to stealing from the people through inflation and over the long term that could help the economy of the people but nothing more.

Yeah let’s get rich with Bitcoin but lets not forget the fact that it will also make you poor. Considering it is one of the most dangerous investment due to its volatility, probably not the best investment to go all-in. In my opinion its not for everybody at the moment but only for people who has knowledge about the technology, its a gamble to get involved in the space but I see the future and path is clear that this industry will succeed for long term.

The problem is this that poor people are unaware of cryptocurrency and not for them. If you think that we can help poorer through bitcoin, it will be just a joke. If you really want to help the poorer then why with bitcoin. Why you not help them in your local currency. If you think that the economic conditions of a country would be better with the use of bitcoin, you may be right but it is not beneficial for poorer.

I totally agree with you. Bitcoin is not enough for reducing poverty of a country. There are many reasons and the big reason is that if we prevail biotin in the world poor people would not be able to take advantage of it.

And another chapter where BTC plays as the Holy Grail



No, it doesn't occur like that, inflation happens where there is either too much fiat and too little goods and services or when production of those and viability goes down. Hyperinflation in Venezuela, for example, is not fueled only by money printing but also by the lack of goods and raising demands for them. An economy in BTC will not be protected by this later scenario.


Transparecy? Hilarious.
Right now you can still catch those guys by following the money trail, with BTC that is gone.

If I were a corrupt official I would ask the guy handing me the cryptos to come to my office and I will have a QR code on my desk. I will point at it and say nothing. The police can raid my office, can control all my accounts, can do whatever they want they will not be able to link me to the BTC that guy sent. Good luck fighting corruption this way.



In some countries...
Inflation rate here is below 2%, the interest rate on my mortgage is 2.8%,  I pay 1 euro for account maintenance, e-banking and I have unlimited free withdrawals at any ATM (also at the ones not owned by my bank) and free and instant account transfers if the account is at the same bank.

Besides, I'm really interested in how you will get a loan with bitcoin only. You will still need somebody to lend you, pay interest rates, ....oh..something like a bank!
Have you checked the interest rates that are offered in the lending section?

If Bitcoin at some point in the future becomes just as dominant as fiat in terms of local currency functionality, people no longer need to use fiat and no longer need to see Bitcoin as an investment tool.

It might not sound all that realistic right now, but we've seen how people in economically weaker countries are more likely to adapt Bitcoin than to keep using that what they had for years but isn't working properly.

Lightning is perfect for that. It provides insanely cheap and fast transactions, and that's exactly how money should function. Bitcoin has always been money, people tend to forget that due to their greed.

for those who have not been able to invest, can join the campaign program, and it can make money too. in absence of risk, you can trade, and i think economic life will be better

Bitcoin could induce a lot of changes in the world and charity is just one of them.
If you think at a blockchain level you can use blockchain to build a charity around it to see what goes where, if you build a chain that people could donate to a charity and watch what happens to their donation it is a great idea.

If the charity is not collecting the cash for themselves or actually a scam charity than there is no trouble for them neither. They only have to get the cash and spend the cash on whatever was promised and everyone around the world could watch them do it via the blockchain system they implemented.

This creates a great trust for that charity and it could really help people donate more considering there is a lot of people who do not donate because they do not trust the charity will spend that money on the unfortunate and just think they get the money for themselves.

Bitcoin to me is getting elitist by the day and getting out of the reach of the poor enough to change their lives. So for me it's hard to attempt to kick out poverty using Bitcoin, except of course you were referring to other crypto assets which are still relatively cheap in price as compared to other. Those can easily be bought and money easily made off them

bitcoin can indeed be the best solution for the country to avoid hyperinflation. but for corruption, I cannot guarantee that. because everyone can still do conspiracy, unless bitcoin remains decentralized.

I think bitcoin has hug power to kick out poverty. Bitcoins provide some way where people are earn free money without wasting any time. This forum itself a big source of income where anyone can make money with there hands.

Then we must encourage everyone bu giving them the knowledge they need to know. Forcme bitcoin will have a great count in eliminating the poverty today. This will give jobs to the unemployed and also add spice to the economy. This will surely happens with enough understanding to the said market.

actually everything depends on us as a bitcoin user, we will use what bitcoin we have whether it will produce something positive or vice versa, if we use it wisely, good and right, it is not impossible to reduce poverty and prevent acts of corruption and can also prevent high price increases due to transparent transactions, unlimited time and amount of space and low transaction costs even close to zero

Do not deceive yourself. There are so many things that make up a country being hyper inflated and a lot of it has to do with the economy and a bad one. Bitcoin will not kick poverty when people are uneducated, when a country is solely dependent and cannot make anything on their own, industrialization is zero and then in such cases, some few ones will just keep ripping off the lower chains.

Bitcoin is not just some magic wand that would make corruption or poverty go away and at the end of the day, it would just be very few who will be early adopters anyway, so what is the catch when we get to the laggard phase that most poor people are usually known to find themselves.

We can get out in poverty in many ways, and that would depend into our choice. And its all coming by a chance
that bitcoin can resolve our situation in poverty in terms of money or financials problem. There are many reason also why we faced poverty and I don't
want to mention one by one, for what matter most important now is that we have bitcoin to give a remedy about it.

It is not possible by using the bitcoin because it is form of currency so it has nothing to reduce the poverty but it maybe helpful in somewhat reducing the tax pays to the individuals so it can make the people to save more money than before but poor people are not supposed to pay huge taxes so it won't make any changes in their kicking out of poverty from this world.Eve though it maybe possible the whales don't let that happen because they will keep earning money from others losses.

Yes it is not impossible to make our world better by using cryptocurrency in good ways,.so lets all be helping out each other for us to reach the fortune we wanted to be.,we must support and hopefully our governments will support also for and do their ways in improving more for the better.

Bitcoin cant just kick out poverty because poverty is already staple in our society .  poverty is a part of human nature .

Can you imagine if all people are rich ? Who will be working on our house ? Who will be working to give us a food ?  So you get my point ?

Bitcoin is only an instrument in order to make our lives easier and it somehow provide a small benefits but thats all it can do .

Bitcoin isn't created to solved the government problems but a solution to give a better services to buy goods and pay services in a most convenient way. People should don't depend much more in it because this isn't the solution to solve the issue. It's up to the Government and this technology is just another tool which we can make earnings in different way.

Bitcoin is a big help for everyone, it can solve a financial problem of ones life but not to kick out poverty. Even if bitcoin is there if corruption and other cause if poverty is always active it cannot solve poverty. Both government and people  has the responsibility to have soloution in poverty.

Well, if that is the case, which is because the poor really are their own cause of their predicament. It is their own choice to make and if just the simple idea of having some knowledge to be able to know that no matter what they are putting in now, it is for the future, or at least, have some knowledge of what makes the space ticks, then, they should blame no one when they are left out in the end.

Do you want to know what makes the difference between the poor and the rich ? Opportunity and the usage of the opportunity for the better good.

First this first, bitcoin can never remove any kind of poverty from a society. Poverty will exist as long as there are different class of people. If everyone becomes the same class, everything will come to a halt.

Corruption will still exist even if bitcoins or any other crypto currency is used. We need to change the people in order to remove corruption, not the financial system. Though it will help us to minimize the corruption to some extent.
Not sure what do you mean by this. You are saying they provide "useful services". What kind of services do you mean? Is it the loans you are talking about? Then how is bitcoin going to help in this case? If someone lends you bitcoin, they will be looking for interest for their own profit. The price fluctuation might also mess up everything between the lender and the borrower.

I can see that you have got huge fire of the bitcoin in you and you want to like change the world with it but lets be calm and discuss some cons that may arise within the crypto use which cant really achieve our dream. At least not today or until there are some big modifications comes to the crypto.
Well, first thing is bitcoin is completely pseudo-anonymous and thus it is clearing out the thing that it cant be used anti-courrupt coin. It is still used for the corruption of many organisations which use it. It still carries unidentified tags with it no matter what. There is no way it can be used in the government system or it will take huge infra to do that. The money will flow unidirectional always and thus might just reduce the potential to overcome poverty and stuff like that.

I believe that neither bitcoin nor decentralization as a whole will solve the problem of poverty. Poverty is the inner state of a person. Poverty is affected by place of residence, level of education, diligence, personal motivation.

Bitcoin does exist because Satoshi wants to have a transaction of money all around the world without involving a third party or banks between P2P. I think finishing in college would be the best way to make more people to get a job, but if the government can't hire more graduate students, then they might fall on this level of job.

It is very feasible for bitcoin to help alleviate poverty from my many parts of the world. Through blockchain technology, many people can easily track transactions of leaders who are supposed to handle huge finances of the public so that dishonest activities such as corruption would be reduced to the bearest minimum.

There's a flaw in your logic here because there's nothing that stops anyone from using the Dollar or the Euro or the Yuan or the Pound or the Yen or any currencies.

The only limitation - and applies to cryptocurrency as much as fiat currency - is the ability for each person to earn some. And earning power is mostly correlated with one's ability to offer a good or a service to someone else, it's correlated to skills. Bitcoin can't give poor people more skills. And the fact that Bitcoin is divisible to the 100 millionth unit doesn't make a poor person better able to afford the goods or services in their market.

The ONLY way for "Bitcoin" to alleviate poverty is if it creates new ways for people to earn money, new jobs.

Capitalism doesn't want everyone to be rich, there must be poor and rich. As we all know in order to earn while you trade, someone has to lose. If you think about the relationship between these metaphors, you give me a right. Or we should turn to socialism where everyone lives equally.

I am agree bitcoin can kick poverty but what about the economy?. Bitcoin has much disadvantages using it anonymous can destroy the economy plus risk of scams are everywhere.

In my opinion, their is really a profit using bitcoin. But how can a poor man afford to have internet connection and a computer to access online for bitcoin transactions or participate in various bounty campaign. Maybe those investors who really earn a lot of money in bitcoin will give those unemployed to have jobs so that they could provide the needs of their family.

Can a reliable trader justify this statement? I lack confidence when trading bitcoin. There are many reasons that make me not confident, bitcoin price was hard to guess even though I tried hard to convince the predictions that were made but still failed. Especially in the current conditions, within two months the price of bitcoin is very stable, not moving from the price of $6300- $6500 so as I assure traders will have a little chance to get profit.

Without mincing much word bitcoin has the capability to reduce poverty to a certain level by people acquiring skills and deploying those skills to earn btc I often came across several jobs offer on service section of this forum although its a highly skillful job offers nevertheless with seriousness and commitment any poverty stricken personal can learn the easiest skill and offers it as services.

after all, in the winter they were cut off, when everyone rushed to use - and the transactions do not go through, and if they go through with huge commissions.

 

the developers said there was nothing to be done about it within the blockchain, and suggested that the idea be used to delegate bitcoins to a narrow circle of people (owners of nodes of the lightning network), so that everything was kept, everything within their small kitchen was “forwarded”, and the common meme pool was not clogged with hamsters payments.

Che to do bitcoin is the same for the rich, there is not even enough for all millionaires 😂 let the hamsters own pseudo-romanticas as before, and send the bitcoins to us, and of their own accord.

Those who understood what was the matter, came out of this market in the winter, as soon as the frozen transactions were able to push through, those who are not able to understand - are still sitting and waiting for something ...

The idea is very welcome but the problem is not everyone thinks bitcoin can be used for good such as humanitarian work as people bad mouth it as being used to finance drug lords and terrorism, until then good luck to bitcoin, the long journey home just begun  :P

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As you have put it, imo I think bitcoin not only solves some problems but creates new ones as corrupt people can easily launder their money and get away with it, thanks to altcoins that leave no money trail!

Unfortuantely even all those problems are solved  ,it wont solve poverty problem ,there are ton of other and much stronger factors in play.
From top of my head, the distrobution of weatlh amongst top 1% or less , the geopolitical situation , the access to education and many more.

I think bitcoin can reducing poverty in the world if bitcoin system applied in monetary system. Fixed supply money and transparancy in ledger will reducing inflation and reducing corruption. I am believe source of poverty is corruption

I really like to think that Bitcoin could solve the world's poverty problem when in truth this problem was caused by capitalism. Capitalism mames it possible for people to horde in resources that are very much limited to start with to a population that is nearing 5 billion. We should really look into a socialistic solution to this.

While we want bitcoin to be one of the solution to poverty, I think it would only be able to help in terms of somehow improving the financial condition of some people but if you are thinking of poverty as a whole then the solution to this would be to address the root cause of the problem and it would be the greediness of humans which is hard to solve because there would always be people who are hungry for power and money even if they have already enough. They are the kind of people who are not satisfied with what they have.

Bitcoin and the Blockchain technology provides the platform which allows its users to generate profit for themselves aside utilizing Bitcoin to purchase items and services. Bitcoin has changed the lives of numerous investors by increasing the profit making margin. Invest in Bitcoin, exercise patience, hold and wait for the price to rise.

The blockchain technology can significantly revolutionize the world's financial transaction. But, to elimate poverty through this technology, I don't see any strong connection to that. Poverty can be resolved by political will and of course by the poor themselves. Actually, one of the problems of the governments with blockchain technology how could bitcoin transaction be taxed. These taxes are the budget of the government to perform.

Poverty cannot be ended with anything if the ones who are in poverty doesn't even go and work themselves out. And the balance of the world will be ruin if poverty will be gone.

This is partly the argument I advance whenever I see such loose comments. I repeat, bitcoin isn't a get rich quick investment. It's filled up with lots of uncertainty. Yes, a lot of millionaires have been made within the ten years of bitcoin's existence but the truth remains that these ones never believed they would've been millionaires as at the time they indulged in bitcoin. It happened by luck.

And also this has nothing to do to solve out the problem on poverty.It did really make out some millionaires and some people who do able to achieve financial freedom because of crypto but only a few numbers only.
It has nothing to do to solve out poverty yet this is already a global problem that even fiat itself do hardly able to solve out.As long there are greedy and the current financial status or level gaps  this problem will still retain.

I agree with you. There is no rich without poor and the present system is a better system for humanity. Giving everyone the same salary is not right, because everyone's skill is not the same and needs to be evaluated. If everybody owns the company, who will prepare the crops of company? Maybe robots, but again there is no place for incompetent people.

poverty will be reduced if Bitcoin and Altcoin are utilized, but to get there I think it's still a long time ago because we know that until now the government is still unable to legalize cryptocurrencies for various reasons, such as fear of being misused for money laundering or other financial crime.

Stepping out of poverty is a decision of the person involved. All we can do is to create awareness as often as possible but the decision cannot be made for anyone. The best you can do for yourself is to take action now and stop doubting.

Maybe kicking out poverty was originally part of the bitcoin/cryptocurrency agenda but it has since been impeded by the current hold/setback placed on the growth of the market. We have a lot of issues militating against the future of bitcoin but somehow, bitcoin has held its ground till date and I am sure it will get back on track again

Of course not a few people are against Bitcoin, but i think that is normal. lucky for us to know crptocurrency, so that it can improve the family economy. and for those who cannot accept it, hopefully soon they can think rationally in the future

I think its not even about helping people but this is the only real way I see Bitcoin succeeding for itself for everyone rich or poor.  BIT being an essential part of the economy, that its the smallest parts that come with the greatest growth even while ironical often being exchanged by the smallest and poorest parts of the economy but also there are literally billions of poor or workers almost nothing left after paying bills.   BTC needs to be part of that bit economy for the smallest amounts to succeed so I support the spirit of your post.

Seems well structured and deserves some merit.


It has to be said that high rates relate to risk and cost and thats normal for anywhere.   But if BTC were able to improve efficiency for the smallest scale of value exchange, I think its going to help alot and gain back alot of growth from those participants.


Hyper is when money is a burden not useful anymore.  But even normal inflation is causing losses to people,  even 1% inflation every month is a failing situation for that currency.  This will require replacement and an alternative and that scenario is forthcoming very likely in every country of the world not just failed democracies

I would say asking bitcoin to solve the problems we are having in most countries economically and thinking that it would just make poverty level drop is absurd. Although, in a way, bitcoin can help international businesses when it comes to the ability to make some transactions and also be able to make it easy for the country economy to grow in some aspect if it is accepted or adopted, but poverty alleviation have so much to do with the government itself, which in this case, for a very corrupt government, it really will not change much and it will only be based on individuals that are able to take the bull by the horn themselves and in that case, we know a lot of people will be limited in that aspect.

Government should implementing bitcoin system. Bitcoin creating transparant system on ledger and with blockchain system, government can reducing corruption because the transparancy

I really do not think bitcoin itself can just help reduce poverty in the world, and even if it helps some people out economically, it is just going to be the few that are early adopters in terms of the value increase in the long run and that is if they are still holding till then.

Bitcoin is not just going to perform some magic and simply just make everyone rich, and considering that as we keep approaching mass adoption, the more stable and matured the market gets, so at the end, it will all still be limited to those who are able to tap pretty fast into the future.

Actually we can manage to kickout the poverty using bitcoin, But we need to teach them to those people are in need. If they willing to learn on how earn bitcoin. But if not we must to give some money if we have some btc in our wallet. Maybe the one to give that are those have many bitcoin holding until now.

To some extent cryptocurrency will provide a form of living for some people and at the see time too much of it can cause inflation as anybody can have his/her currency supported by shit use case. BTC is good at theoment because it has touched some peoples life due to its volatility but what happens when there's no more volatility to BTC? When no more profit is gotten from trading or investing in utility coins?

Even if you decide to create awareness now, does not change the fact that cryptocurrency is just one thing you have to realize that it is all about each person and what the country has provided for each citizens of the country to build on.

No matter how well people tend to want to utilize cryptocurrencies, in the absence of infrastructure and basic amenities, no thriving industries, and not a conducive space for business, it really will not change anything at all in the end. Sure, it is always a decision for each person and now that at least you can even go the freelance way and earn something for yourself in the absence of job in your country, but believe me when we are talking on the global scale, that is not enough.

Organizations, Government and individuals having being trying to fight poverty with less result over years, It takes an individual to personally decide to liberate his or herself from poverty by grabbing the opportunities around. Bitcoin have open the door of wealth to the whole world, it is now left for those that are ready to say goodbye to poverty to embrace bitcoin. So many opportunities is embedded in bitcoin.

Bitcoin cannot eliminate the poverty itself. There has to be some skills in a person which a person can use to earn or trade bitcoins. With no skills and hard work, even bitcoin cannot change the person's life.

We need to understand that bitcoin and altcoins are just basically payment tools and utility tools depending on how they are fashioned, and in such cases, even though they may be disrupting a lot of things eventually, the idea of kicking out poverty is not something they will just solve pretty much like that, and they cannot even solve it unless actually utilized effectively with some other factors added when it comes to governmental policies, innovations and creation within the country itself which in this case, there will be more jobs, and people will tend to do well for themselves over time. Cryptocurrency is not going to do all of that alone.

The problem of poverty is not a problem that money can solve!
Poverty is a problem that the government should solve, and BTC is just some tool to solve financial problems!
Institutional problems money can't be solved!

This a good post but somehow I do believe something is missing in your idea. The hyperinflation thing might have made sense but I honestly doubt if bitcoin will be able to help out with its limited number. All things that go up must come down as a saying goes. What could happen to bitcoin being used up? Well of course it is very simple to analyze. When bitcoin price go up, those who have already made a gain will sell their coins and exchange it for their native currency and as a result the prices of bitcoin will drop as somebody dumps during the time when bitcoin price is high. As a result those who have just bought there bitcoin will suffer from a loss of value. So it might have caused others to become rich while the missing part is, somebody is losing as well. So the question is how do you think will it help the poor in this manner. I think it is more selective and subjective so helping the poor in general is something it might not be able to do.

crypto especially bitcoin is for everyone not limited to social class because it doesn't require a lot of extra fees to start crypro. bitcoin and altcoin are more transparent and eliminate boundaries between countries and third parties in trading activities so that they are more effective and efficient

We can now fight poverty by joining bitcoin and utilized the oppurtunity in which bitcoin had given to the people who believe in crypto currency and bitcoin itself, so if we work hard for cryptos and bitcoin , then I think that we can achieve good outcome from bitcoin technology in order to overcome poverty.

How, in practice, bitcoin will make a poor man rich?If a poor person doesn't even have a computer to access the Internet.A lot of people live very happily and richly and not having bitcoin in their wallet.They have land and a household.I believe to overcome poverty bitcoin is not needed.The main thing that everyone wanted to develop and go to his goal by any means.And wealth will come and so.

This. Plus, even without using bitcoin to "kick out poverty", those who have lots and lots of fiat could have done something about it. Why don't they help the poor? And you're right. If you're barely scraping by every single day, how exactly are you going to be able to afford a single bitcoin? Unless some rich-ass person would donate a coin to you, it's impossible that this will ever happen.

Bitcoin can improve the overall economy of the poor countries but always remember, its just a currency. People have to develop skills in order to change their way of living and alone crypto cannot be much helpful.

If by "utilizing" you mean buying Bitcoin and then using it, I think poor people don't have money for that. Normally they are living paycheck to paycheck having no spare money at all, barely able to buy the articles of daily necessity. Even if they knew that most probably Bitcoin will rise 10 times in price in the next two months, most of them wouldn't be able to find enough money to invest in BTC so that the profit from 10 times rising was of any significance. Investing is simply not an option for poor people. But I agree with you that Bitcoin can help at least some of them. What they need is they should try to earn Bitcoin and this very forum provides many of such opportunities.

I honestly don't see how Bitcoin solves poverty problem directly. Bitcoin is essentially another form of paying and even being limited in supply means it's being held by few influential people (bulk of it). Therefore, I don't see how it directly relate to helping the poor or easing their burden. Please enlighten me.

We won't kick poverty amd corruption using bitcoin only. Remember, there are always a problem that will arise once we solve the problems. Bitcoin can lessen poverty because it is decentralize and the government does not uphold their citizen. Maybe, in the future corrupt officials will be detected of their illegal activities. That might be the solution when bitcoin take back the way.

Well we kick out the poverty using bitcoin but we need to help our self too and also we need to understand what is bitcoins and how to manage it. And it true bitcoin will be big help to people but hopefully some of people use it to good thing.

I'm not sure Bitcoin can eliminate poverty, because poverty is like destiny and only people who want to work hard, have a different mindset and are intelligent who can change it. so I think Bitcoin will be difficult to help reduce poverty..

You right. almost all parties have tried to eliminate poverty. the government with its pro-people policies and provides assistance to the poor. but you are right if there is no individual willingness to change their financial condition. it's useless even though bitcoin comes even if they don't try to change it they will remain poor

Yes l believe bitcoin will kick out poverty in this world.If the pump of bitcoin price starts now and continuously increase the price the world wil wipe out poverty through bitcoin.

I strongly believe in the ability of BItcoin and other Cryptocurrency to kick out poverty. This is a medium for people to switch from high-interest banks to a freeer way to handle their money, this is through cryptocurrency. If all people becomes educated on how it works, how we can trade using it or how can it be more convenient to transact with it, then sooner or later, people will start adapting the technology and leave the old form of money handling. Bitcoin can really be a way for us to breakout from the poverty line (doing bounties and getting paid for it is a first).

I agree. People have different point of view in life. It is depend on a person how they are willing to leave  poverty. It is decided by a person if he is willing to know about bitcoin because there is a way to live with financial freedom when you work hard and learn how it works. Bitcoin can be a way to stop poverty, it just us who will accept it and apply on out living. We have to utilize bitcoin well in this matter.

The only one that can kick out the poverty is people who involve to it, if that person is willing to get earn by using Bitcoin then surely they do anything but since some of them have no interest we can assure that we can totally remove the poverty but we can lessen it. Also its depend to someone if they willing to get out from poverty then they will find way but if not then they do nothing.

Truly poverty is one of the main problems of the different countries all over the world. Those people will overcome this problem if they start learning what is cryptocurrencies especially bitcoin. It will surely change their life.

I am not sure how bitcoin is going to end the poverty of this world because it is also currency so no one is going to give it for free which makes the people who is going to earn the bitcoin will be much richer and the people who have less salaried and no bitcoins on hold will be same as before because they are struggling to survive their life now so how they will invest on bitcoins.

No! this is not possible!
KICKOUT THE POVERTY with bitcoin?
how can this happen if there is many people who dont have the computer and internet?
How can they survive poverty if they dont have money to have the gadget?
How can we encourage people to do it if they dont have the courage?

Poverty is a nation wide problem, bitcoin will never be a solution for this. Even though bitcoin or cryptocurrency can provide someone a good opportunity to earn, it will never be a solution. There are a lot of reasons for poverty, economic crisis, lack of jobs and opportunities, education and a lot more.

so what we need is a load of daytime T.V. pledges asking for bitcoin donations...... great, that's all I need.

If we have to kick out poverty using bitcoin, then we have to make the bitcoin on its own accessible to the poor. But unfortunately, even those who have bitcoin today are the rich. More also, bitcoin may not be able to stop hyperinflation, it might even fuel it the more.

I couldn't agree more. Bitcoin is just a mere currency. It cannot really stop the poverty, corruption, and etc. In addition to that, cryptocurrency cannot replace banks for a reason that there are things that cryptocurrency cannot do that the banks can. The interest of people regarding this aren't that high so basicaaly it cannot be use as a way to kick out poverty. It is a world problem and cryptocurrency cannot do something to stop it.

afraid I have a different opinion, bitcoin is a multi platform trading commodity, it is the embodiment of intellectual property, it is only a currency now as this is the best way to trade it in our reality (if you believe in multiple) poverty and corruption come with power, as the banks have power they control it, bitcoin is designed to remove that power and hand it back to the masses, but more and more we "tie" it to the banks standard, this is counter-intuitive and will not last, your last point about bitcoin "cannot" do anything to stop poverty is with merit, but again its the people choice, not the banks, I have visited some 3rd world country's, and you will be surprised in their huts, having mobile phones and internet that way, its where we get our many scammers here, five bucks can feed their whole family for a month, I have helped build a well for clean water and paid for the trip with bitcoin, where as proper authorised charity's, just hand out bottled water that will last a few days, my gift is for life.

power corrupts, absolute power, corrupts absolutely.

Right.Poverty is not just a simple problem,it's already a number one country's problem today.And having bitcoin might not really solve that.But i believe a person who had come to invest on bitcoin for quite a long time will surely increase his quality of living right now.Poverty cannot be totally solve by bitcoin but it will be somehow be minimize if people prefer bitcoin as an investment and as a currency too.

Bitcoin is indeed a good means of kicking out poverty if you will only believe on it and have the balls to take the risk investing on it. I believe that bitcoin can somehow change my way of living too and it is only a matter of time that when it rises back drastically like last year, then i can be rich already.

Someone already did that and we all know them because they were the first people to acquire bitcoin and we call them whales today. But anyway it's never been too late for someone if they just want to invest their money only for bitcoin and hold it for 2-5 years, i bet the price of that would get you to the top considering the money that you invested.

There is no doubt individual willingness is one of the factors that could affect each individual because I believe that no matter how good an economy is and how well the government has provided some things for everyone to at least find a way to do well for themselves, there are just some group of people who have built themselves in a way that they just want to keep begging for the rest of their lives, even when they are not handicapped or something.

Poverty is just a state of the mind in some sense but at the same time, in some places, I believe there are people who are willing to want to do something, but they are kind of suppressed due to the way government has decided not to provide enough to help them achieve their aim.

Poverty is something that we cannot just kick out as there are so many factors to be considered when talking about eradication of poverty, and there is no way bitcoin just becomes the solution to that problem.

In my opinion, i think it is not that easy to kick out poverty by using Bitcoin. Though bitcoin opens to people a jobs but not all of them used bitcoin because not of them can afford to buy smartphone, laptop or even pay monthly bill for internet connection.

You people keep making it sound like bitcoin is some president, government or some god that will just come all the way down, dingle his magic wands and then voila, all poverty stricken people becomes rich all of a sudden.

First and foremost, we have to understand that most poor people are even restricted as they do not even have enough to be able to get access to the internet, let alone, understand what bitcoin is. Secondly, we also have to understand that poverty is not something that would just be eradicated because everyone is using bitcoin, that has a lot to do with the economy, when it comes to people ready to do some things legally to be able to do well for themselves, so I do not see bitcoin as some magical being that would just breathe out for everyone to become rich as that even depends on adoption.

Yes you are definitely right, BTC clearly does have no limitations, basically no one can stop you from what you are doing, and it is possible that with the work of BTC we can help and put a stop to POVERTY and help improve the economy of one's country, it is going to be a long-term and a hard task though, but with the help of the community, I am sure that we can surely reduce poverty.

There are still drawbacks from investing or trying to earn from Bitcoin. Yes it has a chance to improve some individual's life but that is when they are earning from it. You see the drawback here is there is no guarantee that they will be earning from Bitcoin, even if it is new money pouring in their country it will only happen if they sold BTC at a higher price when they bought it. You still need to consider that this people below the poverty line lack education and crawling into a risky market like the crypto market is risky if they entered without knowledge of what they are trying to do.

If those who are on the verge of poverty do not want to do anything to rise higher, then no Bitcoin can fix this situation. In most cases, the problem lies in the person himself, laziness and the desire to get everything without effort will never make a person successful.

Bitcoin can be a way to stop poverty for lucky individuals, but not for all. People do not become poor suddenly. I met so many people whose families are wealthy. They mostly don't work and don't have a real job. If your dad is a rich man, you wast this money and become a poor, if he is not you earn and save for your children. Number of people who can break this cycle are no so much.

Wonderful   but now it is not as bright like you post above
Big amount of btc is in a hand of very few people
transaction cost is very high
bitcoin mining is using a lot of energy
In a time of global warming it is very bad
Price is very easy to manipulate
There is possible to corrupt with any kind of money

So that what you post above was bitcoin idea but there is not like that anymore

I am very confident that Bitcon and Altcoin can bring personal economic changes, whoever it is. From the data I have learned, the majority of people have had a mindset from the start to make money, they really don't understand assets because they have been brainwashed by the government through higher education that does not reach their abilities, they are not even taught stock education in senior high school (other than developed countries)

What I'm stressing is that it's impossible to change their mindset unless the cycle starts again for the next generation. their children will bring great changes to rise from poverty if they are used to assets from an early age, especially crypto assets that are not too difficult to understand through the internet.

The world is citcular it means their is a probability that this poor one will get into rich. It is because we cannotthe success if the person it is trying hard to give what will be right one for them. If you have strong personality and enjoy the give of bitcoin that leads you to success, well that would be easy to through.

Bitcoin for those who understand can get them out of poverty, but bitcoin cannot completely eliminate poverty. And to overcome poverty more can be eliminated if the government provides employment.

A lot of people engaging Bitcoin because they think that it is very profitable when comes the right time they kept holding on it just like keeping a piece of gold hoping that someday the price that they invested will be folded how many time of profit. But as of now still, the market was manipulated by big investors.

It's not a guarantee that bitcoin can eliminate proverty because you can be lucky or you can be a loser. And I agree with you that these big investors are the ones who manipulated bitcoin.

I don't think crypto currency can actually solve the problem of poverty. It just means that we just need more money in people's faces to solve the problem. The problem is actually to many people vying for too less of resources. The ones who could afford these resources actually hordes it.

I agree with you that we should also use bitcoin to removed poverty in any country but I think it will be hard to be done because we still need more time to educate people about bitcoin I mean to explain to those people who's not yet involved in joining here.

In many instances in poverty, you are not going to need to completely use the crypto ownership. Also if you want to recruit people that feel like using crypto towards things that influence the whole economics, and overall can observe the larger picture of interchange goods for cryptos. If you're the sole owner of a workspace, you will want to get cryptos for your services, might as well use such software as “Airtable”. Simply speaking cryptos can “deal” with poverty, and specifically for sole traders that does not need much set-up capital and would certainly need “cheap” way of processing payment and cryptos can provide that.

Bitcoin is the key to success and it can be useful in poverty because if you many options for making money you will relax but when some problem arise in the earning you can be tensed so bitcoin is playing a good role for making people lives better and through bitcoin you can buy so many things and it is the future currency so by using this you can change your life.

Yes that is true. Bitcoin can be one of a way to decrease jobless people because they can also earn on their own. The successful of your life is depends on you, Bitcoin is just a tool to achieve what you want. As long as you have a plan  or dream you will achieve it step by step. I see Bitcoin as a big help to give you an extra income or maybe it could be a full time job depends on what you do.

Yes that is very true. If a country will accept bitcoin then it will surely help their country. Because it has no taxes and so much more benefit that they will get from it. Poor people will be rich.

I think it is impossible to beat poverty using bitcoin unless its marketcap reaches a trillion. If we are relying on the bitcoin today it is still not enough to fill all the poverty side hence not effective. But thinking of a possibility that it would reach $100,000 per coin then it would really be. But I think it would be long to take that huge amount. Also not all people are known to bitcoin so it takes time for them to know it and make use of it.

You can't just eradicate poverty with the use of Bitcoin. Poverty is a huge deal and a serious problem, that requires both economical and psychological improvement. Economical means that a country must progress with their market, which Bitcoin could help, yet the Psuchological factors matters the most as if your community doesn't have proper discipline and knowledge, consequences would be abuse and disrespect.

BTC can help some people to avoid poverty, but at the same time it can easily make a person poor. It is quite delicate financial tool and without proper knowledge and experience it can easily backfire.
Besides, even entering BTC market takes some initial investment - I wonder how people with low income will do it, if only they`ll sell all they have and risk it on BTC.

I don't think crypto currency alone can eradicate poverty. I mean it alleviate it for a time but it is not a long term solution. I think the solution for this is to redistribute wealth and stop big wigs from hording it and lessen the people vying for the same resources or simply increase the resources. I think these are solid long term solution for this problem.

Well there is quite difference in this scenario. There are hundreds of people who have been benefited from bitcoin. They have done classic to recover their losses and they converted from poor to an average. Right now, they are earning so handsome and living happy standard life. But yes, you can’t say bitcoin is only for earning. I think it plays for both things.

The best we can do is by encourage all the people then teach those who really want or willing to know about cryptocurrency. But the one who can help those people are theirselves because if they really want to have a better life they will find way. Poverty is not the reason why you there but the one who involve to it can change it.

right, the one who can change is yourself. as long as there is willingness and hard work, of course it will be easier to receive lessons here, besides that discipline must be maintained, because all the rules must be obeyed

it is about teaching a man to fish and not to give a fish, it is better to teach people how it works because it is impossible for someone to eliminate poverty it must be started to a person itself. Cryptocurrency is just a medium for us to be rich so we should put our efforts and time if we want to have a good life.

Many people and governments do not know the power of blockchain and crypto currencies. Block chain is a technology through which we can eliminate the poverty. Governments need to decide on a vast level on how to implement this financial system in their countries.

You have to know that making a profit in Bitcoin is not based on luck dude, so of course getting rich from bitcoin is not impossible thing, provided you have the skills for what method you will use to generate income in this cryptoworld. then the possibility of loss will be smaller, and you can kickout poverty

Bitcoin is a digital currency that does not give preference to colour, country or tribe, It is a decentralized currency that  has enhance the life  of  life of several individual, to earn you must be patient enough, research and understand  the fundamentals  about the currency before you invest.

I think there's a big "how" To that statement of yours dude. Yes blockchain is an innovation but it was meant to make transactions easier going forward. If governments are having problems solving poverty in  their own turfs, then bitcoin, crypto and blockchain would't be as effective as you'd wish it would

And yes and this is actually parochialism, in which this person's argument is mainly focusing only to the one side of the issue which we all know that there is no rich id there is no poor to be called. Inflation really affects the community ,inside and outside this platform, and we must not believe certain things that is not considering the other side of the talks.

I dont think bitcoin can help minimize poverty for I know that only greedy rich people are earning huge for bitcoin. I know I have no basis for it but it seems true for those rich guys could move bitcoin market price the way on how they wanted for bitcoin to happen like buying bitcoin pumping bitcoin market price and sell their bitcoin pulling down bitcoin market price. This could be even done by a participating co - bitcoiner. The partner will sell and after selling you will buy pumping bitcoin. After that you can sell later on then your partner buys low amount of bitcoin. And then cycle starts over and over again.

This is the great idea I have ever seen. I know that poverty is one of the problem of different countries and I know that bitcoin can be a great help to minimize or reduce it. Poor people can invest their extra money in bitcoin , in fact there is no regulation in here that poor people isnt allowed to invest.

Bitcoin won't do anything to solve poverty.  Poverty is caused by an unfair distribution of resources.  I know a lot of people on this forum support capitalism but this is what causes poverty.  Everything is done in the name of profit and not for the well being of society.  Einstein and Hawking spoke of the downfall of capitalism and how it would eventually destroy society.

Poverty seems to be the one of the most, if not the most challenging problem the people is facing today. Its existence is evident among those people who doesn't have enough capability to respond to their needs. Thus, finding a way to kick this out is of vital importance. One solution that some suggests is through the use of Bitcoin. Bitcoin really is legit, convinient, and proven to aid and have a contribution to the cryptocurrency. However, I do not think that it will totally kick out poverty. What makes us poor is because of uneven, unfair, and unequal distibution of wealth. Resources must be in balance, hence, financial matters should be in different institution and not just depend only on one-monetary block.