Can Bitcoin Really End World Poverty?

[Lauda]

As well, most countries and places ain't adopting it yet due to being used in black-marketing, frauds, scams, smuggling, selling drugs, etc...

That's not the real reason. Governments usually provide you with fake information and create illusions.
Why don't we get rid of the $, it's being used in all that you've mentioned? Or is the government trying to say that Bitcoin isn't being used for anything else? In either way they're wrong.

BTC can be helpful in many developing counties, where people do not have access to banking system. it could be a possible solution during hyperinflation.

In many developing countries? What's your estimate for the number of internet users in such countries..?

[ensurance982]

As well, most countries and places ain't adopting it yet due to being used in black-marketing, frauds, scams, smuggling, selling drugs, etc...

That's not the real reason. Governments usually provide you with fake information and create illusions.
Why don't we get rid of the $, it's being used in all that you've mentioned? Or is the government trying to say that Bitcoin isn't being used for anything else? In either way they're wrong.

BTC can be helpful in many developing counties, where people do not have access to banking system. it could be a possible solution during hyperinflation.

In many developing countries? What's your estimate for the number of internet users in such countries..?

Effectively everyone has a mobile phone over there. You just need a way to transfer the coins, and you're good to go. You only need a way to transfer information to do that. Even text messages suffice.

[sana54210]

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 it can end the world poverty if it gets mainstream adoption and is distributed widely, hope it happens soon 

[gkv9]

As well, most countries and places ain't adopting it yet due to being used in black-marketing, frauds, scams, smuggling, selling drugs, etc...

That's not the real reason. Governments usually provide you with fake information and create illusions.
Why don't we get rid of the $, it's being used in all that you've mentioned? Or is the government trying to say that Bitcoin isn't being used for anything else? In either way they're wrong.

Might not be the reason behind...
But $$$ are traceable, BTC ain't (that too in cases where we can say that it was actually transacted "anonymously")...

[dothebeats]

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 it can end the world poverty if it gets mainstream adoption and is distributed widely, hope it happens soon 

Really? Okay, say bitcoin get mainstream adoption and it's already widely-used all around the world, does that mean that it will end poverty because it get worldwide attention? No, that's not the case in here, and bitcoin isn't designed to be the savior of humanity from the chains of poverty. Even if we have the means to help doesn't mean we should do it all the time. 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.

[Dotakels]

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 it can end the world poverty if it gets mainstream adoption and is distributed widely, hope it happens soon 

Really? Okay, say bitcoin get mainstream adoption and it's already widely-used all around the world, does that mean that it will end poverty because it get worldwide attention? No, that's not the case in here, and bitcoin isn't designed to be the savior of humanity from the chains of poverty. Even if we have the means to help doesn't mean we should do it all the time. 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.

We should not feed them . We should teach them how to get a food or how to live in this world. They should know that not all the times we can help them and they should know that they should learn how to live without hoping to others. And we cant decided for their future.

[bryant.coleman]

We should not feed them . We should teach them how to get a food or how to live in this world. They should know that not all the times we can help them and they should know that they should learn how to live without hoping to others. And we cant decided for their future.

I agree with you. That is why the whole concept of delivering food and medicines to parts of the world like Sub-Saharan Africa is a failed tactic. Rather than delivering food and medicines, we should focus more on education, job training, family planning and anti-corruption measures.

[Dotakels]

We should not feed them . We should teach them how to get a food or how to live in this world. They should know that not all the times we can help them and they should know that they should learn how to live without hoping to others. And we cant decided for their future.

I agree with you. That is why the whole concept of delivering food and medicines to parts of the world like Sub-Saharan Africa is a failed tactic. Rather than delivering food and medicines, we should focus more on education, job training, family planning and anti-corruption measures.

Bitcoin helps people to have idea what bitcoin is really are, gives a knowledge, and also money. It is not for the problem of humanity. If they want to end the poverty of the world do it by their selves and we can help them but not all the times. All things have limit when the time that we can't help theu should what must they do. They can do it by studying.

[bryant.coleman]

Just went through some articles regarding the Greek crisis. Between 2010 and 2014, some € 330 billion were stolen by the bankers there, which in turn caused the unemployment rate to rise to 30%. A lot of people now live in poverty as a result of this. The Greeks would have been prosperous without the bankers. So we can say that replacing the banks with Bitcoin can help in reducing the poverty rates.

[NyeFe]

I really think it can. You can create and use btc without a bank account, or any sort of account for that matter. Which is really useful since it would be eaisly accessible to everyone, everywhere without any requirement.

[Agestorzrxx]

The world poverty was generated by many factors, not only the bank system. Bitcoin may reduce the  poverty, but can't end the poverty.
Lots of country are poverty, because the war, as most area of African.

[Amph]

I do not think it will end it, i think it will make it worst. we are living in capitalism and with bitcoin it will get more worst.

how so? it should help at least against the barrier of different fiat currency, if some poor want to pay for medicines that aren't available in his country, he need to convert his money and pay a fee for that, that can be high, with bitcoin this is not necessarely

[bryant.coleman]

I do not think it will end it, i think it will make it worst. we are living in capitalism and with bitcoin it will get more worst.

Definitely not. It will not make it any worse. It will prevent exploitation by the bankers. But the question is whether that alone will alleviate poverty.

[ensurance982]

I guess it mostly comes down to the question whether you believe that Bitcoin as a decentralized and independent system may help the people, or as a speculative asset that could appreciate in value in a remarkable way.

[rax]

Mobile phones are one of the lousiest conceivable choices for storing a private key. I'll just leave this here.

[bryant.coleman]

I guess it mostly comes down to the question whether you believe that Bitcoin as a decentralized and independent system may help the people, or as a speculative asset that could appreciate in value in a remarkable way.

Bitcoin can be a combination of both. It is a decentralized currency with an independent system which can be considered as an asset at well. So the "question" is not significant here.

[Frost]

Bitcoin won't end world poverty. How could it end it?

[erikalui]

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. If stock markets could end poverty then bitcoins would be next. Many people are not aware of the use of bitcoins currently and the price has not reached a level which could gather people a huge profit. With forex, it is possible to earn $100 per day by just making small trades but it's still not possible with bitcoins as you need to buy atleast 10-20 BTC to earn that amount.

[bryant.coleman]

Bitcoin won't end world poverty. How could it end it?

Although it may not be eradicate poverty from the face of earth, it will succeed in preventing exploitation by the bankers and there by giving more purchase power to the ordinary people. Therefore we can say that Bitcoin might be able to reduce poverty.

[Troonetpt]

It may help reduce the poverty, but can't end the world poverty. it can help people protect they assets from government, and create more fair circumstances.