Can Bitcoin Really End World Poverty?

[yayayo]

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.

I don't think that Bitcoin will change much in regard to world poverty. The system certainly wasn't invented for this socialist dreamland. The intention behind Bitcoin was to end the fiat and banking regime by delivering a sound and decentralized kind of money.

Poverty is not caused by the properties of money alone. It's the access to resources like safety, education, and health that is unevenly distributed. An important, yet often overlooked factor for poverty in the Western World is the tendency of most people to live beyond their means: Overspending. Only few people have the ability to handle their resources in an economical way by being willing to delay gratifying (and costly) experiences. Excessive consumerism is a significant reason for poverty in the industrialized countries.

Bitcoin won't redistribute resources or change habits. However by providing a sound form of money, Bitcoin will make it a bit easier for those who are determined to improve their financial situation via saving.

ya.ya.yo!

[GreenBits]

No bitcoin by itself can't end world poverty. It can be a useful tool when distance - internet jobs get quite common. In other words internet may help people make some money with btc being the tool. Although ,that would be far in the future.

+1

Bitcoin is more of a tool to facilitate change. With easier money remittance, we can move wealth around the globe faster and cheaper, eliminating the middleman easier for workers to send money back home, people can work in remote markets but still provide support to geographically distant dependants.Greed is the reason for poverty; until human nature changes, we will always fight things like this as a society. Think of it as growing pains

[kryptqnick]

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 agree. Many people have access to the Internet and can earn real money working for Signature campaigns

[Rodeo02]

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 bitcoin will not end proverty  but it will help to minimize proverty for the people of the community willing to help, theres some country Still  not reaching new technology and don't even know what is bitcoin and how to use it before it will help more  need to introduce bitcoin to every country who don't have idea how it will help.

[emberbekas]

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.

[QuestionAuthority]

I hear it cures cancer too.

[Indrawan77]

It can help some people from poverty, some people has earn their living from bitcoin, eventhough it cant help a lot but it certainly has save some people from poverty or least it help some people economic condition become better

[Enotche]

Creating wealth and financial security in the developing world - is not only satisfying our innate altruistic needs. It also indirectly beneficial to all of us. If we want a truly sustainable future for the Earth, we need to use all available tools to solve problems, and Bitcoin is a key element.

[danherbias07]

Some of us here although not really in poverty is already being helped by bitcoin. The lack on salary and taxes should be paid could be taken back in profiting from this.

[TGD]

Some of us here although not really in poverty is already being helped by bitcoin. The lack on salary and taxes should be paid could be taken back in profiting from this.

I agree that bitcoin give big help to many of us here but that's not mean it will end proverty. How bitcoin will help if  theres no internet connection ? How you will earn if you don't know what it is? I know bitcoin now is so popular but we need to introduce it more to other poor country who don't have any idea of what big change will happen if they know bitcoin and how to earn with it.

[fitraok09]

Some of us here although not really in poverty is already being helped by bitcoin. The lack on salary and taxes should be paid could be taken back in profiting from this.

I agree that bitcoin give big help to many of us here but that's not mean it will end proverty. How bitcoin will help if  theres no internet connection ? How you will earn if you don't know what it is? I know bitcoin now is so popular but we need to introduce it more to other poor country who don't have any idea of what big change will happen if they know bitcoin and how to earn with it.

introduce a bitcoin to other poor country but they all not know yet how to get bitcoin, I think it will be big problem. we all know about ripper, scammer, etc who like stealing other bitcoins is possibility they are less education about how to getting bitcoin in correctly.

[Sorrowfox]

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 world poverty will really end, it should have ended long time ago since a lot of currency was already invented. But till now poverty is seen everywhere. How can bitcoin end world poverty if bitcoin is earned through the use of computer? How about those people who doesnt even have a cellphone. The only solution for world poverty is the equality of everyone. If those rich people will only live simply, other will simply live.

[avikz]

The answer is very simple...NO! Bitcoin can't end world poverty by any way. It can only make rich people richer. Bitcoin is a currency of internet and most of the poor people don't have access to the internet. Bitcoin is not a physical asset and hence poor people will not be benefited from it.

But if there is someone kind enough to take the responsibility to buy all bitcoin and donate to the poor people, then it may help. lol!!

[lumeire]

The answer is very simple...NO! Bitcoin can't end world poverty by any way. It can only make rich people richer. Bitcoin is a currency of internet and most of the poor people don't have access to the internet. Bitcoin is not a physical asset and hence poor people will not be benefited from it.

But if there is someone kind enough to take the responsibility to buy all bitcoin and donate to the poor people, then it may help. lol!!

It can only make rich people richer. This statement of yours is politically incorrect. It's just a medium of transferring value, nothing else.

But IMO, ontopic, No it can't. It was never even meant to address that problem.

[Jemzx00]

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/

Definitely, No, since before you do bitcoin you need internet, electricity, and computer. And how can you end poverty with these requirements for this. But it might help someone depending to the person who use bitcoin.

[Xester]

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/

Poverty is a condition that no currency can solve. Poverty is historical it exists hundred of years ago when mankind created society. But long before that poverty is limited to food. But when society is established poverty also evolved. This kind of situation cannot be solved simply by changing currency since there are multiple factors that cause or made poverty in a certain period.

[takingthis4]

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/

Poverty is a condition that no currency can solve. Poverty is historical it exists hundred of years ago when mankind created society. But long before that poverty is limited to food. But when society is established poverty also evolved. This kind of situation cannot be solved simply by changing currency since there are multiple factors that cause or made poverty in a certain period.

thats true, i think that currencies cannot end the world poverty and this will never happen ever, in my opinion bitcoin can only help to fight it in the future

[btvGainer]

No, people always want to do nothing and get a lot of money for free, this type of people will always suffer of money insufficiency. Any currency can't do this.

That is only half truth.Poor health,illiteracy,and unemployment are also some of reasons for poverty.It is not just that people do not want to do anything and become rich.In most of third world countries, its is difficult to get job and even worse two time meals

[PokerFace3]

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/

Poverty is a condition that no currency can solve. Poverty is historical it exists hundred of years ago when mankind created society. But long before that poverty is limited to food. But when society is established poverty also evolved. This kind of situation cannot be solved simply by changing currency since there are multiple factors that cause or made poverty in a certain period.

thats true, i think that currencies cannot end the world poverty and this will never happen ever, in my opinion bitcoin can only help to fight it in the future

Yaa Any currency can not end Poverty. Poverty is a condition of a person. Bitcoin may eradicate the enslavement from the banks.
I don't about ending poverty but surely bitcoins can make societies better and financial works easier and secure.

[Maesters1-]

No, people always want to do nothing and get a lot of money for free, this type of people will always suffer of money insufficiency. Any currency can't do this.

That is only half truth.Poor health,illiteracy,and unemployment are also some of reasons for poverty.It is not just that people do not want to do anything and become rich.In most of third world countries, its is difficult to get job and even worse two time meals

i dont think so. if i give the example of Pakistan. in Pakistan the literacy percentage is below 12%. if a person is illustrate he do not know the use of computer and internet how can he earn bitcoin without the use of internet. i think it cannot finish the world poverty.