Can Bitcoin Really End World Poverty?

[Giebaymax]

if it is so it does not matter that bitcoin will end poverty but back again to yourself is ready to face all that will happen in the present.
and with the presence of bitcoin it is still a lot of people who do not trust bitcoin and they will survive in poverty

[anitaraymonds]

Bitcoin can reduce poverty  because of the integrity of Blockchain. It free from fraud and it has timely transaction completion time. And also it accurate record keeping. So if it is possible for every economic facet of the world adopts blockchain tecnology then corruption will end and poverty will also reduce.

[Washball]

Bitcoin will maybe not make an end to world poverty, but it sure can help make things better if it is used with the purpose it was developed for: decentralized transactions cutting out the middlemen. Banks make millions of dollars as third party in our transactions. Skipping the third party can affect the earnings of the working man. Poor people could earn more, because they receive the payment that would go to the middleman. And there would be less poverty in the world.

[Marry Finch]

 As for me, this is a purely philosophical question. As predicted in the bible, the rich will become richer, and poor people even poorer.

[markleal]

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/

Hi there bornil267645! Based on what is stated I think he is pointing out to end world poverty because the transaction cost of processing the payment using blockchain technology is way much more cheaper than the check or credit card verification and payment transaction processing. I can't even see the statement that said bring bitcoin could make earning rather than a cut cost in transactions. You could continue to read at page two to comprehend the whole story. Anyway, as I believe bitcoin could bring extra revenue to people but way far from lifting poverty in the whole world.  

[BingoDog]

I don't think so, bitcoin is not so powerful. Poverty will always exist, that is the sad truth. Bitcoin and other cryptocurrencies can help some people to get better living and make some extra money but still this is not available to everyone and everyone is capable enough to use those opportunities.
I don't think there is cure for world poverty whatsoever.

[RVA]

No. Bitcoin will not be able to solve the problems of poverty. There have always been rich and poor, some try to live in luxury at the expense of others, and others can not get out of their problems. And so it will always be.

[Aneuk cabang]

the first thing i remind you that bitcoin is currency like others fiat currency. so, can money's end poverty? yes, it can. when we talk about poverty we should know about the poverty line, the new global poverty line is set at $1.90 per a day per a person. depend on that poverty line, if every poor people have BTC0,1 i guess their income already exceed the poverty line, in other words that is the end of poverty. but how can the poor people get bitcoin while the prices is so high???....

[Astrilian]

Bitcoin in itself is just a (digital) currency, when has a currency ended world poverty? However I believe that blockchain technology as a whole can play a role to reduce world poverty, especially in countries like India. The majority of the population earns less than 3 $/day. At the same time it is known for it's experts in IT so I am sure that especially in large cities as Delhi where the internet is accessible you already have people who were able to improve their living conditions just by applying for airdrops and bounties if not developing new blockchain projects. Just some thoughts though without proper research yet.

[ignacio0404]

It is certainly possible though! a lot of surveys tells so, different views which tackles that every bit of salary consumed by the consumers is slowly increasing its rate, making the people with no job can find one!

[gambitcoin53]

no it cannot end poverty, the thing is, if we are talking about the capacity to trade, it can only bring money to common people who are educated or privileged ones, one who has an internet access, and one whose country are accepting bitcoin payments and trading. poor people has no internet in their homes, did not even set foot on schools, has no electricity in their homes, which is why there are poverty, lack of privileged people, but here's the good thing about bitcoin, you can send bitcoins to some non-government organizations and agency that helps people who are poor and needy. if all rich bitcoin holders donates some of their money, then we can say bitcoin will and can end poverty.  

[GangNamSK]

I do not think bitcoin can end poverty in the world. There is always poverty and wealth. Because of them, they always worry about their livelihoods and their lives. They have financial problems, property to invest in long-term bitcoin. I think bitcoin will reduce the unemployment rate in the world. It is generating interest from them every single day.

[aa12269]

let's start with me I have no way to buy something to eat who do not mind much )my bitcoin wallet 17TJh77QT3nBGRatVCMXnxRZiPrWt3Q7gF

[paking.retard]

Bitcoin cant end the world poverty because many people can use computer, cellphone or cant read maybe not now but soon

[19faraon88]

Not really to end World Poverty, maybe reduce the percentage of World Poverty. Most of the poor, have no educational background. Usually they didn't believe easy to people specially in terms of investment because for them Money is Treasure and they needed it.

But if bitcoin can donate in a charity, which cater the poor people to educate them, may be that is the time that the bitcoin end the world poverty. Because the Education is all we needs to end poverty.

[Shwester]

I don't think bitcoin  will end poverty because poor people can't buy bitcoin and nobody will never donate bitcoin to the poor.

[Sithara007]

I don't think bitcoin  will end poverty because poor people can't buy bitcoin and nobody will never donate bitcoin to the poor.

Poor people will be able to save money if they use Bitcoins. For example, if they use Bitcoins for remittance services, then they will be able to avoid the huge fees charged by Western Union and Moneygram. Also, if they store their savings in the form of Bitcoins, then they can avoid the maintenance charges from the banks.

[sadacoin]

Even though bitcoin is widely used, the problem of large gap between the rich and the poor can still exist in the world and it is impossible to completely eliminate poverty. This is not a currency that can be solved.

[nianshaoqingkuang]

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 don't think all virtual currencies can generate real wealth. Only a few people become rich through bitcoin. Most of them will still lose money, just like stocks. A small number of people earn some money and most of them lose money.

[hahehiwhoyou]

No, I don't think it's possible. Maybe it can reduce the number of people facing poverty but not really to end the 'poverty' itself. Bitcoin is really helpful in terms of gaining profits but it can't end poverty since not all people believes and uses bitcoin. The only solution to end poverty is the people themselves.