Can Bitcoin Really End World Poverty?

[buhchain]

Bitcoin can not end the world's poverty, but it can make some investors wealthy.

[jritz2344973]

Poverty will remain as long as people judge others by how much wealth they have accumulated, and as long as there are societies with social stratification.

No, it will not end world poverty because how about the people without knowledge bitcoin.I think it will lesser the world poverty of the people updated the new generation but not the end of world poverty.

I do not think Bitcoin should be a good investment in such a way as to get rid of the world poverty, but economic development depends on the state.

[jeanpadel14]

I think bitcoin cant end world poverty because since then no one discovered how to end poverty this is part of our problem in whole world.But i think bitcoin can less the rate of poverty.because of the opportunities that it have.If the unemployed people and those employed but thier salary is not enough to support their expenses.Bitcoin get make their side line.

[jostorres]

I think maybe because, we don't if the bitcoin is the solution of end world poverty.If we know all people about bitcoin maybe the poverty in the world is end and if we teach to all of the school or it can be a course in collage maybe it is the way of end poverty in the world.

Though I am big fan and enthusiast of Bitcoin but I would like to keep things more real.  It is not possible to get rid of poverty worldwide. First of all, majority of poor people have no education and without that it is not easy for them to use Bitcoin.

And if they had education then there won't be this problem of poverty in the first place. Because if someone has skills and knowledge he can definitely earn money easily.

[Ian11]

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/

Yes, because their is so many things that can bitcoin help us, first is poverty. Preventing poverty help us and our community to become healthy and best community, also to our country.  Bitcoin also help us for our financial support. So bitcoin is possible to overcome or solve poverty, helps your country and also yourself. We need to have a unity and also you have to take an action to overcome it.

[Shrinath]

I completely agree and in terms with your opinion and also share the opinion of Brian Singer that Bitcoin and blockchain encryption technology has a greater ability to bring more of the world's population out of poverty than anything we've seen in decade. We have hardly seen any honest effort by anybody in the world before to do it. Name me a person who had contributed behind having the selfless to ensure that each and every citizen is given the opportunity to sincerely try and make the ends meet, at least as far as the minimum regular earning of the person in question is considered. Brian shares that Blockchain cryptography is all about digital transfer of ownership in a completely transparent and public way. Once you introduce blockchain cryptography you have a public ledger of ownership and transfer that cannot be denied because it's absolutely transparent. It is the means through which these individuals can get exactly what is needed to bring themselves out of poverty.

[gabmen]

I think maybe because, we don't if the bitcoin is the solution of end world poverty.If we know all people about bitcoin maybe the poverty in the world is end and if we teach to all of the school or it can be a course in collage maybe it is the way of end poverty in the world.

Though I am big fan and enthusiast of Bitcoin but I would like to keep things more real.  It is not possible to get rid of poverty worldwide. First of all, majority of poor people have no education and without that it is not easy for them to use Bitcoin.

And if they had education then there won't be this problem of poverty in the first place. Because if someone has skills and knowledge he can definitely earn money easily.

Right. That's keeping it real. Its not logical to put that much hope in btc to solve a problem that governments have a hard time addressing. Btc is even having a hard time solving issues within itself so better have your governments handle poverty issues

[legenduim]

Poverty will remain as long as people judge others by how much wealth they have accumulated, and as long as there are societies with social stratification.

No, it will not end world poverty because how about the people without knowledge bitcoin.I think it will lesser the world poverty of the people updated the new generation but not the end of world poverty.

How can it do it? People, who drag their poor life cannot deal with Bitcoins, and the profits that blockchain can bring to others is nothing to them. Yes, some of us will pay less fees and be able to make cheap faster transactions, buy stuff for crypto, but it does not have any connection with the problem of poverty.

[Ris88]

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/

This is what everyone needs especially those with small incomes, chances are everyone will switch to bitcoin use and they will also earn a very good income in bitcoin, maybe this is a fixed solution to tackle the world's increasingly insecure economic problems !!

[Jackblack90909]

Bitcoin can't end the poverty around the world, but it can help to reduce the number of poor people especially in the third world countries. There is so many unemployed people from such countries working full time with bitcoin, and earning their living from this work. So it is another source of hope for them.

[Ailsa567]

Bitcoin can not end the world's poverty, but it can make some investors wealthy.

Yes, I agree, not all people know bitcoin right now, so it's impossible to make the world rich.

[giogio0504]

I am not sure about it as bitcoin is limited and it would be in hands of limited amount of people.

[popoypalaboy03]

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.

[Rebisco]

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/

Bitcoin can't end the world poverty because there are no person, organization and government that can end the world poverty. Poverty will exist in this world forever because our resources are limited. Bitcoin is not the key to end the world poverty.

[Sithara007]

There is so many unemployed people from such countries working full time with bitcoin, and earning their living from this work. So it is another source of hope for them.

Do you have an estimate for such people? I don't think that individuals working full time on Bitcoin is greater than 1,000, which is a minuscule number. So the impact of Bitcoin on the job market, especially that in the third world nations is quite limited.

[blue_dragon]

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/

I think bitcoin can be a tool to end the poverty but it will depends on the people who are handling the bitcoin, and I think if all people or humanity will learn to love and share their love to other strangers then it can be possible.

[deviltasha]

I am not sure that really poor people have access to bitcoin, trading and ect. so my answer is no unfortunately.

[Lingesh]

In future it will really end the poverty. After all people knowd about bitcoin and it's advantages it will help to prevent world poverty.

[spooneds1]

i don't think it can end world poverty, as far as i known most people doesn't know how to use computers and also doesn't know bitcoin. only few people know bitcoin and there are also countries that ban bitcoin, It is not possible to get rid of poverty worldwide. there is no cure for poverty it will still exist until the world will end. the world should be balance so that people will still work at farms and crops for the daily needs of people world wide.

[freshm4ker]

I think this is not a solution as the end of poverty exists or may be helpful in finance. Some people will not believe in bitcoin as a momentary trick they use for their knowledge of what's on their mind.