Can Bitcoin Really End World Poverty?

[Kersh768]

Actually Bitcoin will not be responsible for world poverty, government has. Maybe a country has a bitcoin and almost everyone uses it and they earn in different ways, but how about the poor ones who don't afford to have the tools for using bitcoin? This may be clichè but education is the key to end world poverty. Being literate can bring you anywhere. But if we have corruptive government then I guess this problem won't be alleviated.

[Sand King]

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 so because if only the government will allow bitcoin in their countries bitcoin will eventually help other people to be financially stable and that will solve the poverty step-by-step.

[emerejames]

no. the reasons are-:
 1 bitcoin is a business open to the world for those that understand it to invest, which many people never believe it to be real
 2 crypto like other business are full of risk and many people are not ready to take risk,
 3 majority of the poor people don't know how to use Internet and crypto involve the use of internet,
 4 bitcoin are costly and poor people may not have the capital to invest in bitcoin.

[luisdvmd25]

I think this is an incorrect statement. Because while someone is getting richer - someone is getting poorer. And everyone can not be rich. This is a fact, unfortunately. Cry

[buiduc]

No way. And by the way I've read that 4% of the people in the Bitcoin network own 90% of the assets. I don't know if the numbers are accurate, but this replicates the usual pattern in the world. This won't make poor people less poor.

[jump4ever]

except for the fact that the cost of bitcoin is too high for poor people, in principle, it can. because there are other ways to profit from the crypto currency, and without the investment. all your efforts will be rewarded.

[Kurokonobasuke]

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 solve poverty alone but if someone really wants to help with the use bitcoin I think it will lessen the population if poor people when he provide them opportunities to earn bitcoin because in our generation if you don't go to school or you didn't graduate you can't get a job because grades are what matters.

[Bitcoinnumberone]

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/

No. But it could certainly give a sense of wealth stability to those owning it due to its deflationary nature.

I guess, bitcoin is just a way to end poverty but it is not the sole way. Bitcoin offers a lot of opportunities and possibilities to many. Bitcoin coulf offer more jobs to those in need and bitcoin also.Transactions are free amd just enlist.

[quetoi2505]

Bitcoin can not end poverty. Bitcoin is simply a means of payment the same as other currencies. Only the government, employers and the poor people itself who can put an end to poverty that wrapped around them.

[Souldream]

I think it will make things better for the poor, particularly migrant workers.  But it won't end world poverty.  What might end world poverty is if we could get rid of usury, which is what made it so bad in the first place.

We have different opinions about this. There are some who says that bitcoin cannot end world poverty but there are some who says yes it ends poverty. For me bitcoin cannot totally end poverty maybe it reduces and i hope it continues to reduces until poverty ends.

I believe that bitcoin is the answer to the growing percentage of poverty. Bitcoin is a new kind of digital coin that contains it's highest value like a value of hold. Though  we all have still a different citation regarding on this matter but for me I am just thinking positively about it and maybe there's nothing wrong of having a positive outlook right.

[MetalGear]

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 and cryptocurrency itself is ending poverty by producing new jobs for people who think of the other uses of Internet. Advertisement across social media platforms and campaign signatures are only the basic jobs that bitcoin has offered many people globally. Cryptos are letting us to experience the thrill of trades and investments that leads to income and careers.

[electrobit]

I think it will make things better for the poor, particularly migrant workers.  But it won't end world poverty.  What might end world poverty is if we could get rid of usury, which is what made it so bad in the first place.

We have different opinions about this. There are some who says that bitcoin cannot end world poverty but there are some who says yes it ends poverty. For me bitcoin cannot totally end poverty maybe it reduces and i hope it continues to reduces until poverty ends.

I believe that bitcoin is the answer to the growing percentage of poverty. Bitcoin is a new kind of digital coin that contains it's highest value like a value of hold. Though  we all have still a different citation regarding on this matter but for me I am just thinking positively about it and maybe there's nothing wrong of having a positive outlook right.

Well, there are many opinions, one can be. Bitcoin by itself cannot end it. If people doesn´t have it how can they earn or take profit?
Anyway assuming all people is having it, many people wouldn´t sell it awaiting its price go up. And by this the ask and the bid would stop.

[daarul50]

Bitcoin can not end poverty. Bitcoin is simply a means of payment the same as other currencies. Only the government, employers and the poor people itself who can put an end to poverty that wrapped around them.

Bitcoin has the ability to overcome poverty, where bitcoin can be used by everyone without having to pay in advance (initial savings funds) to create a virtual wallet. Which required only internet access and a smartphone, with two things that everyone can already use bitcoin. There are many examples of successful people and getting rich with bitcoin. Do not waste this opportunity before regret later.

[roshanface123]

Never , bitcoin can't remove worlds poverty.If every rich man's try to remove the poverty by their excess income then there will not be the word poverty. The greedy and possessive aptitude of every men keep this poverty till end of the world.

[jovs]

Bitcoin does not directly affects the problem of world poverty because bitcoin mainly function as a currency that helped the economy of a specific country to developed and grow not to solved certain problem or aspects of poverty or other world related problems that needed much more attention by the leaders and the government of each county for them to solved such poverty with opportunity, work, and low daily living cost.

[jame lie]

Although this may sound quite rude, in reality this is the only method to eradicate poverty in an effective way. Population explosion is the no.1 reason for poverty. The only way to eradicate it is through population control, and not through Bitcoin distribution.

[NNMT]

In my view, bitcoin can not put an end to the world's poverty. Poverty is associated with backwardness, remote areas, low educational level. Leading to the poor can not access the internet, which bitcoin requires internet.

[Ashong Salonga]

I think it might, not right now but maybe one day when it is fully accepted worldwide and we don't have to pay huge fees to banks and other financial institutions to keep/transfer our money from one place to the another.

Not saying it will magically solve world poverty but some people when they pay less for maintaining their funds, they might spend a little more on charities.

It think that thing is unpredictable right now but who knows, maybe one day having the fact that bitcoin is really a dependable source of earnings to those who really need to earn more income. Also the fact that even unemployed person can use bitcoin as their source of income. So I think little by little bitcoin might really end poverty in future.

[Timok Abiodun]

Blockchain could help achieving this goal. Breaking the cycle of poverty begins with investing in children and providing them with quality education, knowledge and skills to enable them to realise their full potential. Next to education comes access to affordable proper health care, access to clean water and sanitation and, last but not least, economic security which is where Blockchain comes in.
Blockchain could help achieving this goal. Breaking the cycle of poverty begins with investing in children and providing them with quality education, knowledge and skills to enable them to realise their full potential. Next to education comes access to affordable proper health care, access to clean water and sanitation and, last but not least, economic security which is where Blockchain comes in.

[Similificator]

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 solve poverty alone but if someone really wants to help with the use bitcoin I think it will lessen the population if poor people when he provide them opportunities to earn bitcoin because in our generation if you don't go to school or you didn't graduate you can't get a job because grades are what matters.

Yup, you are absolutely right. Bitcoin can never solve poverty. In fact, I do not think there is such a thing in this world that can solve poverty. This is simply because greed exists. The only thing that bitcoins can do is to help lessen poverty, either by giving chances to other people that does not have degrees to have jobs or by having people donate bitcoins to the less fortunate. Free courses about crypto industry can also help big time.