Can Bitcoin Really End World Poverty?

[willliamjames]

You can sell your gold bars, house, and whatever else for bitcoin as well. So that's why what you said is a fallacy. You can only compare fiat and bitcoin, bringing wealth into the picture doesn't work.People are in poverty because they do not have the opportunity to earn enough to meet their daily needs. Bitcoin is not a magic potion they can take an sudden becomes more knowledgeable and able to steadily earn more each month.

[Freddie197]

From your example us military have a high budget because the us army helped the the other country to fight terorrist like in  the middle east and also isis. So the budget of the us for their army is not high because they need money to buy the needs of the us army. I think it will actually make the rich richer.

[boy130]

Bitcoin cannot end poverty, only collaboration can.

[KevinHD]

It is indeed possible. As long as the cryptocurrency circulation goes and Bitcoin wouldnt lose its value, there's nothing impossible that it couldn't erradicate world poverty. Its just a matter of the government to accept Bitcoin and other cryptos to be legal and make some program promoting cryptos thus making people onto socalled passive income.

[Archie1973]

Effectively everyone has a mobile phone over there. You just need a way to transfer the coins, and you're good to go.Sometimes, we only need to teach them and not feed them in order for them to gain things they need to know for their future.

[Ethan112]

It may help reduce the poverty, but can't end the world poverty.I think bitcoins can end poverty maybe in a country or maybe the whole world.But there are facts and things someone need to start using and earning bitcoin.

[thaitea.deluxe]

ehm. what makes you think that bitcoin will end poverty ?
i personally dont see that.

[Ad Baculum]

I think it definitely can. The low transaction fees plus no middle man is a big plus for third world countries. The simplicity of being able to send money to your family compared to mailing money or going through banks with high fees puts Bitcoin at an advantage over traditional means.
[/quote

Yes, it can. I mean, actually, it can solve not only poverty but also unemployment. These are just some of the benefits that you can get with bitcoin. If only the people can make themselves believe in bitcoin, they can benefit. People or the government should accept cryptocurrencies, specifically bitcoin, and not banned or stop it from working for a country. If only they can know or even just understands how it works, maybe they would allow it.

[Nobel Jane]

It might be! We can compare bitcoin as  technolohical evolution! Justblike gadgets around the world! Why money cant? This might be the evolution of money now, we dont need to change currency into this and that but using only ONE currency that you can use anywhere! This a crazy thing that keep my mount 😯 this is such a good thing for the people.

[mackenzie5]

          I believe that Bitcoin can end world poverty but there is some complications  internet is not available all over the world there are places where computer and internet are not available .If  those who have the knowledge  and mind to eradicate and make profit out of Bitcoin can help to do anything to end world poverty and lead a happy life in this world without war and fear.

[DoublerHunter]

Bitcoin cannot because how the poor people or in the poverty line will reach bitcoin if  they can't even afford a decent food and that is an indication that bitcoin can't really end the world's poverty unless there will be someone that will sponsor the poor to get a computer and a decent internet and also a workshop for them to be able to work in bitcoin.

[Reyan]

Bitcoin really changes the world. It's larges corporation, such as Microsoft, Dell, Expedia, Dish Network has joined the list of merchants accepting bitcoin.The largest increase in bitcoin trading volume.

[klebsiella]

No it can't. Bitcoin can help people earn a living, increase their profit, reduce unemployment but not eliminate the poverty experienced by many around the world. When talking about bitcoin, internet connection is needed and also a device such as laptop or desktop. The people living under poverty does not have an access to it, so therefore they cannot engage in bitcoin.

[buhuchain]

No it can't. Bitcoin can help people earn a living, increase their profit, reduce unemployment but not eliminate the poverty experienced by many around the world. When talking about bitcoin, internet connection is needed and also a device such as laptop or desktop. The people living under poverty does not have an access to it, so therefore they cannot engage in bitcoin.

You are right. I think there is no opportunity for the poor to accept bitcoin investment at all. And they also have no extra funds to invest in, so it may only make the rich richer and the poor poorer.

[jayes]

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/

if all people have knowledge about bitcoin probably it can give a solution to world poverty. Hopefull ygovernment will consider bitcoin a legal tender currency.

[21millionsbtc]

Bitcoin can provide employment for sure in return it help forcountry gdp growth under developing  country can take advantage

[Brigalabdis]

Upcourse not, the supply of the money is fix by every country and there are more province that not supported by government and also lack of technology and knowledge.  Even they did know some basic and about bitcoin, too many people doesn't solve poverty. It is good to have some poor because the poor take the physical job that every people need.  If there has no poor, we can explain what happen.

[zentdex]

In view of what is expressed I think he is bringing up to end world destitution in light of the fact that the exchange cost of preparing the installment utilizing blockchain innovation is way significantly more less expensive than the check or charge card confirmation and installment exchange handling. I can't see the announcement that said bring bitcoin could make winning instead of a cut cost in exchanges. You could keep on reading at page two to fathom the entire story. Anyway, as I trust bitcoin could convey additional income to individuals however route a long way from lifting neediness in the entire world.

[Zalfa_mui]

I'm not sure of that but I see people there because of bitcoin.And maybe the world economy will be better than before,But bitcoin also has a high risk, many also lose their money because of loss.

[BlackRacerX]

I don't think so. The poor will not have access to bitcoins since they don't have an internet connection, computers, and some maybe illiterate. Having at least basic knowledge about computers can help them get out of poverty. But if all bitcoin collectors collectively worked together to help people have computers and an internet connection, the poverty maybe decreased but not removed totally.