Bitcoin Forum

Poverty is here around the world:
Solution is new currency as old currencies dont serve us anymore.
There is not enough dollars or other fiat currencies or not enough ways to get your hands on currency problem is those only have who born in some wealthy noble family they only have and their kids with inheritance instagram kind of kids who just knows how to spend money but thats it but there is many hardworking people who can do better with money other then just spend on useless things.
The dollars are printed alot but in your hands or my hands.
Only solution can be let them keep their useless euros or dollars and we will have new currency.

Real solution is new currency urgently but not btc as limited supply will create more wealth gaps.

Xlm stellar could be good one

So the solution to overcome poverty is only one way? there are not many choices you can offer? The economic inequality of different countries will certainly make the solution not the same. For example, in developed and developing countries, the problem is not only focusing on economic stability but also an unequal population and lack of scope for employment. It is about the economy which is considered to be the root of the problem. It's not only the Dollar that dominates the sector but how to raise everyone's awareness to give space for freedom in managing finances. Government policies also play a role in it.

How about talking about poverty broadly? It will still exist and become land for the rich to continue to live in luxury. Overcoming poverty, in general, is dependent on the policy of a country that prioritizes public space so that it can be fully accessed and used for the benefit of the community, not for the benefit of bureaucrats.

You spoiled everything by saying Xlm stellar could be a good one, if you have said Bitcoin then maybe we would have had some interesting discussion on how that can be achieved but with stellar or any other altcoins that's unachievable as none can be the new world currency.

Eliminating poverty has nothing to do with world currency as those would will still be broke will still exist even if they're given as many funds as possible. Haven't you heard about lottery winners that lost it all in a very short period of time after acquiring so much cash. Creating a new currency isn't the solution either, poverty is a mindset as opportunity are all around the corner but not many are capable of seeing it and even when they're been offered such opportunity they ignore.

What's the solution to poverty, I can't give an exact answer but if genuine enlightenment, skill acquisition and preparations to spot opportunity when they present themselves can be taught and then humans can be dedicated to learn, we might have a solution but not many want to do that so they stay poor.

What's the problem with the wealthy people? You can't do anything with that, if they're wealthy. Don't point out their wealth as if they're the bad actors. It's much better to just ignore and avoid that argument and focus on your self growth. Poverty is hard to deal with if you're just going to pinpoint the others. That's why you deal with the problem and work on it on your own so that you'll be able to make your life better.

Actually, bitcoin has helped a lot of people reached their dream of being financially free and as for XLM, it's not really a new cryptocurrency.

  Source: https://en.wikipedia.org/wiki/Shelter_(building)

Notice the points in the definition that there are 3 points that cause poverty: social, economic, and political. So if you are looking for a solution to overcome poverty, then the three points above must be realized and fully understood. But the question is whether a country can stabilize these 3 important points? can it last long?

If all this is difficult to realize, then poverty will persist and economic, political and social instability will complement each other in showing poverty.

And among the core, all 3 points (social, economic, and political) are summarized in one answer to the welfare of basic needs, food, and also shelter.

How come you are over taking bitcoin by yourself and replacing it with Xlm stellar ? Or are you an agent of stellar ? Haha. You had a good thought but introduced a wrong direction of advert. I'm sure everyone would agree that things are very difficult and even people born with silver spoon in their mouth are complaining. Working physically hard is not the solution to get rich these days but to have a good strategic futuristic plan and bitcoin is the most guarantee coin to invest on not Xlm stellar.

Btc limited supply is problem people will fight with each other to get btc limited supply currency will only increase poverty xlm supply is bigger and blockchin is good and whats most important reliable and fast transactions with cheap fees ....what more u can ask ? Stellar sadify all the neeeds

New currency is not the most effective solution to reduce poverty...

if you want to try to analyze around you, that poverty comes from the person's personality. nowadays there are many ways to make money but because of their acute laziness, they are more satisfied with begging. what is needed so that poverty can be reduced is to provide education because formal and spiritual education can help someone understand what their life goals are, so they work hard and smart.

are you kidding ,  saying stellar can make one person rich?
Sorry, as far as I know, the poverty of one country is not because of crypto currency, but there are conflicts in the social, economic, and political sectors of the country itself.
anyways stellar is not a major coin in crypto but it is still valuable and has good value in sales volume /24 hours

BTC is the key to the door of financial freedom, I'd advice people to invest on BTC and hold BTC like their life depends on it for its the best of the best, after BTC the next good one is ETH, no other coins come close to these two.

Not only isn't there only a single way to alleviate poverty, but blaming it on whatever currency is being used is just plain wrong, i.e., poverty isn't going to magically go away if the world switches to bitcoin or any other form of money.  The state of being poor has existed since the beginning of mankind, and there have been all sorts of measures taken to help the impoverished over the years by many different countries....and yet, poverty still exists.

The only thing that can be done is to try to limit the extent of it, and to that end I don't think our present leaders are doing much good with their reckless monetary policies, which are driving up the cost of goods and services and weakening fiat currency.  I don't see crypto as a viable alternative, though--not even bitcoin.  And why?  Because it's too damn volatile to be used as money (in addition to its other problems such as transaction fees and confirmation times).  I wish it were that simple to eliminate poverty, but it just isn't, plain and simple.

I don't understand how the type of currency has anything to do with world poverty? Even if you suggested Bitcoin or Ethereum, two of the most established cryptocurrencies, your point still isn't valid. Poverty has many underlying causes, while there's yet to be found a solid solution to effectively end world poverty. To be honest, it's an issue that will never be solved. Just look at how malnourished some parts of 3rd world countries are, living in awful conditions with non-existent hygiene.

Unless you're capable of distributing a decent amount of Bitcoin, Stellar or whatever you're into, to a few million, or even billions of people, then you won't solve world poverty by simply switching to cryptocurrencies.

Obviously the reality is the opposite now. Bureaucrats have full power while they only use their power to enrich themselves where only a few percent of them have the desire to solve the problem of poverty of their citizens.

It is true, the problem of poverty can never be solved easily even though this issue has always been a scapegoat when selecting a candidate for a new country's leader. They seem to really care about poverty, but look at what is happening around and in fact poverty is getting worse. I'm sure we won't be able to stop that bullshit anytime soon. The government will not much support crypto (bitcoin) as a currency so this will not have a positive impact on economic development. However, as long as cryptocurrencies are not banned from trading or investing, everyone has an alternative to fighting poverty themselves if they can take advantage of the opportunities that exist.

Currency have no impact in the elimination of poverty. In the times of gold people were poor, dollar came in and everyone submitted their golds poverty still persisted. So, if Xlm like you said is integrated as another world wide acceptable currency poverty will still be around the corner.

The bad part of the poor people is that most of them are stingy with the little they have. They find it difficult to give arms they think they are too poor to be of help to the next man.

The moment alot of humans realize that investing on people is a good investment they would be an increase in the number of rich people in the world. Some poor people are not ready to help anybody which makes them poorer.

Finally, giving is the only way out of poverty not currency.

Hey hey hey wait a second on one side we say we have a lot of dollars or Fiat amongst us that it's value has gone too down and on the other side we are saying we don't have enough dollars? Moreover how can poverty end because of Cryptocurrencies? Is anyone distributing free Cryptos to everyone below the poverty line? No! It's the opportunity seekers who are finding opportunities and then encashing them these sort of people are there in all sectors so nothing new.

Permit me OP but if this problem exist with the old currency, who is to say that the same problems won't exist with the new currency you are proposing. Also, is the cause of poverty really just currency?

A personal recommendation from you alone is definitely a biased opinion IMHO  You have only considered what you think is proper for you, that is your interest and not the interest of general populace. A consensus has to be reached before a new currency can work, your opinion as much as it counts, is not enough here.

The OP needs to do a quick search about the top causes of global poverty -

https://www.interaction.org/blog/the-top-9-causes-of-global-poverty/

And, currency is not mentioned here. And we already know that.
So I don't know the motive of the OP here, if he is just promoting the XLM coin.
Poverty will still exist, old or new currency, because this situation is not dependent on the currency.

Limited supply?  Supply is one of those most misconstrued thing in crypto.  It's divisible!  You don't need to have 1 whole bitcoin.  As prices go up fractions of a coin will assume wealth.  Iran if all you are looking at is supply someone can clone bitcoin or really any coin in less than a day that would have an insane amount of supply.  What does that do though.  What's the point lom.

it is precise because of the limited supply that it is what makes Bitcoin so valuable and high value.  i don't hate xlm but xlm will never be able to solve the problem of poverty even if you share it with all poor people in the world.  poverty will not be able to disappear from the earth because of many factors that influence it.

for example, in my country, the majority of poor people occur because of their lives ^{(addict gamblers, drug users, expelled from their families, unemployment)}

Wait wait. Why people should fight each other to get btc? You can buy btc in any amount of satoshi you want because you do not have to buy a whole btc if you can not do that. Buying btc is about how you invest your money to something worth it in the future and you do not have to invest all of your savings into btc because you still need that money to survive while you are waiting for the btc price increase.

Poverty or becoming wealthy depends on how people can do and what they will do to solve their poverty and people do not have to use btc to have wealth because they can do other things to have money. It is okay if you want to invest your money in stellar and do not want to touch btc because we have our own freedom to choose what we want to invest in.

Hopefully, all of us here and out there can be wealthy in the future.

All those problems comes from bad choises.
Think about game of monopoly if you are smart but ur opponent has better cards more money and all ready all the assets .....do you have any ways to win =? Sure u not bad envoirement creates more bad things and those bad things will create more negative things more and more.
Those addictions u did mentioned its easy to get hooked once u try those but those things comes with poor neighborhoods ...u are surrounded all of those.
So those things you did mentioned are different

IMHO, I believe that the global poverty situation is a complex problem, and it's not easy to solve that's why it was inappropriate to say that a particular blockchain or cryptocurrency will solve it because I believe that "A complex problem needs a complex solution", Anyway, I have not any against with Stellar Lumens (XLM) I was only pointed out that its wrong to say that XLM will solve the poverty problem with that easy and simple notion, what I believe is that Bitcoin, Ethereum, and other cryptocurrencies are very useful to help eradicate the poverty problem by providing new opportunities and cutting edge innovation.     

Not only by this time but to some countries or to some people poverty is already been there ever since the world began. Old currencies in the real world or the dollar and old currencies in the digital world or the btc are still working fine.

New currency is not necessarily needed because they wont be usable at all and what do you mean by not enough dollars? I though banks are printing cash non stop? And do not say that btc do also have insufficient supply because your only using this excuse for you to consider other cryptocurrencies. Do not blame the rich just because they are born this way but blame your self if you remain poor because you did not try hard enough to improve your life.

cryptocurrencies are real opportunities for those who trap in their job forever and those who don't have enough salary to buy their dream house or any other things that they really want. It is proven and fact when you engaged in the crypto industry and as long as you understand the fundamentals of basics trading and other earning stuff concerning crypto and you also know how to prevent yourself from being scammed or hacked, you will earn a decent amount of income which you won't get from your daily jobs.

Well the fundamenteal problem is, that you can not just print more money and give it to eveyone because then in the end all the money of the world is worthless. That is also true for cryptocurrencies of course. Even if you create a new crypto project and a token then it's value has to be injected from somewhere else it can not have a value just from the start. So people have to use their FIAT or their other crypto assets to buy that new token there is no way around it. Yes of course it is true that the world is not fair and it probably will never be fair because if you were born into a rich family you have way more possibilities in life then if you were born to a poor one, but crypto can not change that just like that.

Poverty is around us.
what need to lower poverty is exactly the job, business, industry, and many more chances to work and earn money.
i don't think it is absolutely because of the old currency or fiat. but I also cannot avoid that bank and fiat system may also sometimes make poverty worse.
the existence of the crypto world is actually one of the solutions to rise up the life and lower the poverty as long as we understand how to do it exactly.
however, poverty will never end. the way is we can just decrease, but to erase poverty, it seems too difficult even done from country to country by each government.

Agree, what you are saying makes more sense than eliminating poverty. Well, nothing can erase poverty on this earth, but what is more appropriate is to minimize poverty with local government programs. Such as developing natural resources around the area where they live, managed by the community, and working together with the government to develop potential local values so that they can be managed better. In this way, gradually the improvement of the economy in a better direction can be felt by the surrounding community, both in general and specifically for the country's economic progress in broad terms.

The problem is that we are currently faced with a difficult time where the work and business that are run are not going well and even now we are faced with a lot of unemployed people who have lost their jobs because of the effects of the virus which is still rampant, so they cannot carry out their jobs and can't earn money this way at this time.
Regarding Fiat and banks, this is actually still very difficult because it is certain that there will be a lot of people arguing about whether their way is good or not in doing their job.

but I quite agree with what you said that poverty will always exist and will be very difficult to eradicate because even if there are people who will help eradicate it like when Elon said he would donate some of his assets to eradicate poverty but in fact this will still be very difficult to realize and poverty will certainly always exist forever

If this thread goes into the realm of economics then it should have moved to the economics section. Because when I look at the discussions that have been going on, I think this refers to an economy that overcomes poverty and some of the solutions in it. If the OP refers to coins to be associated with poverty then where does it relate?

So I thought you were promoting the Stellar Xlm coin then what does that have to do with it?
Will Stellar Xlm get someone out of the poverty line quickly?
Give me the basics why should Stellar Xlm?
and why not Bitcoin that already provides tangible evidence?


Which OP would you like to focus on? about the Stellar Xlm altcoin? or the opposition to solving the problem of poverty?