Can Bitcoin Really End World Poverty?

[akogwapo14]

Absolutely no way Bitcoin could ever end world poverty, I don't think people understand why/how money works. Money is inextricably linked to human desires. As long as there is a single human out there desiring something, anything, no matter how small or trivial, extreme poverty must exist.

I agree many country is poor and don't know how to had bitcoin so how it will helps property their ?? And the popularity of bitcoin is not all in the world in other country bitcoin is not exist or they don't know what is bitcoin is . it will not helpfull to them need to educate it first to all country teach what is bitcoin is and how it will be helpful for them to have it.

[Hugroll]

i guess if bitcoin can do something that other currencies cant do. send small amounts of earnings to many multiple workers in one transactions. where bank would require fees. but this would require the poor to have access to the internet to claim the btc. that i dont see happening.

[Yakamoto]

Bitcoin won't end world poverty, just because it is a system that allows for inexpensive transactions anywhere doesn't mean the infrastructure to help people gain access to it or use it exists as well. And how would Bitcoin end world poverty? Unless there are a lot of charities that spring up because of Bitcoin, there is next to no way that the poorer people of the world just suddenly get money.

It might make it easier to pay people, but it doesn't just suddenly end world poverty.

[nururochac]

Absolutely no way Bitcoin could ever end world poverty, I don't think people understand why/how money works. Money is inextricably linked to human desires. As long as there is a single human out there desiring something, anything, no matter how small or trivial, extreme poverty must exist.

Agree and what is the relation of bitcoin in bitcoin poverty? I believe bitcoin is only a tool and the one that will end the poverty would be government's role.

[asriloni]

i guess if bitcoin can do something that other currencies cant do. send small amounts of earnings to many multiple workers in one transactions. where bank would require fees. but this would require the poor to have access to the internet to claim the btc. that i dont see happening.

if that's the case, giving all of workers direct cash would solving the problem better than using bitcoin,using bitcoin in small amount is sure only disadvantage will you get,everything need fees,especially when you're going to load a card,exchange your bitcoin,or even sending it

[aaf-18]

Poverty is more to do with man's greed and bitcoin is very much part that

[Bitcoininspace]

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

It can definately balance it out more than it is now, in my opinion.

[Daneric]

Can Bitcoin Really End World Poverty?, this means that if one uses bitcoin then he is going to be rich. Actually, just like the other currencies, one needs to work hard to earn bitcoins. People have hyped bitcoin on the internet to the extent that you will think bitcoin is easy to get and that it will make you rich. Those are just hallucinations that will not stand the taste of the day. For any case, dealing in bitcoins has made people poor due to the fluctuating prices.

[mishra1994]

I dont think its possible.I dont found any connection with ending world poverty.Bitcoin is also a money and its not easy to earn bitcoins like a normal currency.Plus for earning any small satoshi people need to have a good internet connection and a loptop or computer.I dont think poor people have access to these things as well

[RodeoX]

I'm not sure where this idea comes from? Bitcoin is "fair" money, but it is not a tool to undo socioeconomic stratification. Sure, over time it could be part of a strategy to pull yourself out of poverty. You are able to circumvent the games and traps in fiat systems with bitcoin. However, it is mostly like all other money. You will have to work or produce goods if you want to earn money.

[Supercrypt]

For poverty to be eradicated 100% it would take more than a new currency, you would need to convince rich people that they can't be that rich, because there aren't enough resources in the world and if we want not a single person to be poor, we have to raise the average global standard of living, that only means the top richest people have to lower their lifestyle, and good look with that unfortunately, they are psychopaths.

That's impossible as rich want to become richer and they can do that by stamping over poor people and exploiting them. If the Government can stop taxing all products and income for poor people and give them at least that relief, then we could think about poverty being reduced. Bitcoins does help us to escape from taxes but we too are taxed for food, household products and so on.

[ShrykeZ]

Nope, it will help reduce it as it will allow those in poverty more options to spend and earn.

[Raimonn]

No, i don't think that bitcoin will end world poverty, but bitcoin has good thinks, for example it could help the unbanked people (people that banks don't want as a costumers). Unbanked could have its bitcoin wallet and use it as a bank account to pay and receive payments.

[Sled]

If you ask me it's possibly yes but it always depend on people if they want to accept bitcoin to their life because if they can, then bitcoin will help them to make more money than what can they make as of now. This kind of opportunity that is always open to anyone can really end poverty if government will support bitcoin and introduce it to their countrymen.

[PokerFace3]

Bitcoin won't end world poverty, just because it is a system that allows for inexpensive transactions anywhere doesn't mean the infrastructure to help people gain access to it or use it exists as well. And how would Bitcoin end world poverty? Unless there are a lot of charities that spring up because of Bitcoin, there is next to no way that the poorer people of the world just suddenly get money.

It might make it easier to pay people, but it doesn't just suddenly end world poverty.

It is an matter of uncertainty because poverty deals to those who don't have access to any internet connection and how in
heaven are they going to know about bitcoin and how it is possible for Bitcoin to end world poverty if it is used properly
and wisely. It maybe but the richer will always find a way to dominate the poor.
So, it would not be wise to say that bitcoin would end the world poverty.

[richmcrich]

Not now. There are still many people who are not owning a higher technology not even a smartphone. But in a few years there will be a lot more, since kids now can access one and know how to use it.
Maybe that era will be the one starting to get something out of bitcoin to avoid being poor.

Well said, there are lot still who can't even afford a smart phone as well don't have much knowledge about digital currencies. For this reason its really hard to end world poverty with bitcoin or other digital currency.

I think it is currently impossible for bitcoins to really end World poverty. I get that many people are not able to afford the smart devices and most of
them are unaware of the digital currencies. But this question talks about the change in monetary value and distribution of bitcoins among people. I believe bitcoins can make life easier but not sure about poverty.

I think that it can never happen. Bitcoins can never end world poverty. The poor people are going to remain poor. They have to make their own share of the property and get rich. But the only chance is they may become rich if their earning in bitcoins and by saving it for long term.

[btvGainer]

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

Wish it were true but it is not that easy.Only bitcoin can't eradict poverty.Lack od education,skills and good health is also responsible for poverty

[Crazygreek]

No, people always want to do nothing and get a lot of money for free, this type of people will always suffer of money insufficiency. Any currency can't do this.

[greatr]

No, people always want to do nothing and get a lot of money for free, this type of people will always suffer of money insufficiency. Any currency can't do this.

you are surely correct about it, in my opinion people like to not work and get the money for free, in my opinion if a lot of people are holding bitcoins in order to get money but i think that it is possible to end world poverty with bitcoins

[woola3]

No bitcoin by itself can't end world poverty. It can be a useful tool when distance - internet jobs get quite common. In other words internet may help people make some money with btc being the tool. Although ,that would be far in the future.