Can Bitcoin Really End World Poverty?

[Kola]

i dont think so, but, is will help with it, to change the modern financial world, coz bank do alot of dirty things now, so less power for banks, more freedom for ppl

[deepakg2m]

Not actually end world poverty but it can obviously reduce it . The reason ,I said it cannot end , is many people are still there who are not able to understand the technical things like cryptocurrency working.So first illiteracy should be eradicated.

[Monyero]

I think it's not just help that can end world poverty. I think bitcoin can reduce world poverty. With a high income in bitcoin, formerly poor people are now milyaders in no time. Does not that reduce the level of world poverty. It's been proven in my environment. The people who used to be poor now become rich because they work in bitcoin.

[ballerin and giroud]

One can easily use bitcoin, they only need internet access and a hardware to access it (like smartphone or pc). Many people who already feel the economic change because of using bitcoin and it is not impossible that paved the way that bitcoin can end poverty in the world.

[Glutius]

Bitcoin can reduce the number of unemployed, giving them additional earnings, but not eradicate this problem at all...

[TechnoBibble]

I think that bitcoin will not be able to solve the problem of poverty in the world. I think it is foolish to think that using bitcoin for the poor people there will be new income

[@oweljayr]

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/

That has been my thoughts in life since the very first time I understood what bitcoin can do to anyone who believes and got the knowledge of it.  There are some people I know who were once having problem for as far as poverty is concerned that are now making lives easier because of bitcoin. With that, I intended to do the same.

[jmiro1]

Nope. I don't think so. I think Brian Singer is wrong. Bitcoin is not even designed to end any kind of poverty. Where World Poverty is far away. Bitcoin hasn't even reached the whole world yet and most likely, it's not going to.

[jessequick]

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.

[serg_13]

I think a big NO. The poor have lack access to bitcoins some of them don't have an internet connection, computers or don’t have an idea of it. Bitcoin is not a solution to the poverty in the world. I think the answer starts to their self. Bitcoin can be a tool to help the poor to be rich. Maybe bitcoin is our future payment way.

[gusnulyadi]

I think can't bitcoin really end world poverty, because basically bitcoin is a tool of transactions and investment tools,
but bitcoin can reduce poverty, because bitcoin provides many new jobs, such as bounty, trading, and minning.

[SMSabuj]

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/

The short and only answer is no, bitcoin will not help to solve world poverty problem. Why? Because economical systems, regulations and laws are not the problem here. Humans are. People are so corrupt and flawed that they do not care about making this world a better place, they just care about themselves. That is why we will never have world without poverty, wars and terrorism. Bitcoin is nice tool but it is people who will be using it. That is the problem.

I agree with you. Bitcoin will not help to solve world poverty problem. Economical system is one of the big reason behind it. Every county has diffirent Economical Eystem. And Bitcoin is not legal currency all over the world. Most of the county are decleared Bitcoin as a illigal currency. Especially the third world county done it. That's why it is not possible. But Bitcoin is more potential currency.

[cizatext]

Bitcoin has really help to reduce the level of unemployment in the society across the world. And again since the government can not provide jobs for the teaming youths in the society bitcoin is now serving as a means to earn profit carrying out bitcoin transactions either buying to hold or trading all are means of being gainfully employed even thou the government can not provide jobs for us.

[Dapper]

Imagine if there will be bitches...

Imagine there's no heaven...it's easy if you try...

[KITTY 0108]

I think bitcoin can overcome poverty in the world, as long as they want to help and try to avoid poverty and support full of bitcoin to be able to change or overcome poverty in the world.

[kilacka]

To my mibd, bitcoin cannot end poverty in the world, because I think people who understand Bitcoin are generally more invested in their own funds. People in poor areas may not even know what Bitcoin is, let alone invest in it. Now, I think Bitcoin is more likely to increase the gap between the rich and the poor.

[Keeminakar]

Bitcoin can really partially solve this problem, but for this, initially the unemployed must have at least some funds for the initial investment, and this can be a problem...

[Bit-Tech]

To be honest, I do not quite understand exactly how it can help in this, but undoubtedly bitcoin has prerequisites to change the world economy!

[KuyaBreezy]

Yes it can, if handled well with lots of caution and necessary precautions then BTC can easily end the world's poverty. first one has to understand the market well, when to buy and when to sell, then get to know the market forces and the influence rs, al these kept into consideration and proper decision making, then a proper return in BTC investments will come by

[Dondisimo]

Most likely, bitcoin can help individuals who do not have work, but to solve this problem completely is not a problem for the cryptocurrency, but for the government in the first place.