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Author Topic: Can Bitcoin Really End World Poverty?  (Read 10029 times)
Jeepney_koh
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February 20, 2018, 03:11:52 PM
 #501

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 is not a miracle that can end world poverty. Governments cannot even end world poverty, much more on Bitcoin that lies on the digital world. A fiat currency cannot even end it, how much more on a cryptocurrency. Bitcoin must be worked and must be given enough time. Those under the poverty line cannot even have enough money to buy their needs, then how can they even afford to buy internet, smartphones, computer and bitcoin.

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kyori
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February 20, 2018, 03:14:59 PM
 #502

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/
It's a big NO. Bitcoin will never end world poverty because not all people can provide to buy gadget and not all places in the world is modernized.

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Cofee.BLUE
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February 20, 2018, 03:26:31 PM
 #503

For me it has a 50\50 rate percent, because their are positive and negative side of bitcoin, now if they let bitcoin grow and help the world it can be helpful and a key to all poverty in the world, but other side their will be a negative effect, just like illegal crimes that involves bitcoin will be normal for them because this will be a part of it
darrly
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February 20, 2018, 03:29:45 PM
 #504

Personally, i think the answer is no. If we want to end the world poverty i think the government has that kind of power then we the very people involved. The government must alter current laws and such. People need to work smart and work hard to depart from the poverty line. Cryptocurrencies cant end it but it offers opportunities for people to cope up and earn money but its not enough i think.

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February 21, 2018, 08:54:24 AM
 #505

For me it has a 50\50 rate percent, because their are positive and negative side of bitcoin, now if they let bitcoin grow and help the world it can be helpful and a key to all poverty in the world, but other side their will be a negative effect, just like illegal crimes that involves bitcoin will be normal for them because this will be a part of it
There is not many people that know how to improve Blockchain, transactions may get stuck if they all went on at the same time. Bitcoin is not the answer to that.


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Lalalalabells
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February 21, 2018, 09:54:30 AM
 #506

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/

For me bitcoin cant end world poverty because first of all not all of the people in different countries knows about bitcoin. Some doesnt have enough materials to start bitcoin. Some countries didnt approve to bitcoin and even if a country allows bitcoin it will still depend on the people. Wether they are interested or not, if they believe in it or not because the people will make and do the job and bitcoin is just an instrument. In the end it will still depends on the people if they will embrace it or not.
svetochka.yakovleva.93
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February 21, 2018, 10:15:04 AM
 #507

Bitcoin can fight poverty in our world, only those people who own the Internet can do it, and those who live far away from the city, and their large number, without knowing about the whole mass of information, crypto currency will not be able to earn so much.
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February 21, 2018, 10:23:37 AM
 #508

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 heard about using bitcoin with the charity aims. But we must remember that Bitcoin and digital money first of all just a tool and it can be used for making the economy better more effective. This is the right way of cryptocurrencies doing.
This depends on the attitude of the government, if you want to legalize bitcoin then everyone will feel the benefits of bitcoin so that it can improve their welfare and certainly reduce poverty.
bitfocus
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February 21, 2018, 10:27:03 AM
 #509

no, can't. Bitcoin is no Magic Lamp of Aladdin or no Genie will come out to serve you from Bitcoin. Bitcoin and the blockchain are already creating jobs, services - people can earn and gain more from Bitcoin with Investment or working for Bitcoin and the Blockchain. freelancers are getting good payment working for bitcoin (from article writing, campaigns, bounties, media influencing, building websites, integrating payment gateways and even for counseling). Bitcoin can give you an opportunity to get a life, a real good one - you only need to help yourself.
ellabanana
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February 21, 2018, 10:31:23 AM
 #510

It would be nice but it would be difficult to realized. Poverty is a dilemma that we are facing since then. In fact, cryptocurrency's goal is to have cashless transaction and not to make all people rich. Yes, for now, we are all earning, but for how long? When the time come that we have established cryptocurrencies, bounty campaigns might not exist anymore or it would be so minimal. So, it won't solve it but minimize it probably.

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February 21, 2018, 10:31:41 AM
 #511

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/
Maybe there is posibility because we all know that there are many people who dont know about bitcoin so for me if only they know about bitcoin for sure they will become knowledgable and bitcoin can possible end the poverty in the world.
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February 21, 2018, 10:40:55 AM
 #512

It is not possible for Bitcoin to eradicate poverty from this world. And when Satoshi Nakamoto invented Bitcoin in 2009, he never said that he is inventing the currency to exterminate poverty and suffering. That was not the purpose behind the invention of BTC.

The real goal of bitcoin is become the world currency which will be the main of currency. Some people thought that bitcoin will replace fiat money and its not make sense since actually we need both. They will not replace each other.

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February 21, 2018, 10:41:46 AM
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Representatives of the company note that the project's goal is to launch a crypto currency and a bank for the poor with an audience of over 2 billion people. The main accent, as stated by Humaniq, will be made on the people of India. In the future, the initiative should provide a presentation and forecasts for the future of blocking technologies in the global financial industry.

As indicated, the company intends to integrate already in the market of digital technologies and social experiments. The project will use the HMQ crypto currency.
bittradr
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February 21, 2018, 10:45:41 AM
 #514

Bitcoin and other cryptocurrencies is just another method to transfer money. It doesn't produce anything, which is fundamental flaw in a system. To end world poverty it has to produce something to make poor economies more efficient.
bryant.coleman
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February 21, 2018, 10:47:41 AM
 #515

Bitcoin can fight poverty in our world, only those people who own the Internet can do it, and those who live far away from the city, and their large number, without knowing about the whole mass of information, crypto currency will not be able to earn so much.

You can purchase an internet data pack lasting one-month for as little as $3. So it is no longer unaffordable for the poor to have quality internet connection. And smartphones can be purchased from anywhere between $50 and $3,000. Just hoping that you are not living in some remote marshland with no mobile data coverage.
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February 21, 2018, 10:50:13 AM
 #516

I will think about it, oh, I think there is no chance for bitcoin to solve the world poverty. More people here are more educated than the other. What I mean if bitcoin can solve the world poverty then bitcoin is required to assign teachers in all the universities in the world to teach the students regarding bitcoin. This will be the best plan to let everyone oriented with bitcoin. And know how to communicate to each other in a good way of communication. If this things cannot do by bitcoin no chance for bitcoin to end the world poverty. Anyway bitcoin purpose is not to be the solution but I guess part of the solution.
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February 21, 2018, 10:58:59 AM
 #517

i think there is notthing showing that bitcoin related to poverty, bitcoin is just a currency we use online instead of fiat money, so let's think if we have a lot of money then we can buy a lot of bitcoin to trade and make profit but if poorer people don't have much money then using bitcoin doesn't help them better at all.

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February 21, 2018, 11:18:20 AM
 #518

BTC can enable individuals to gain a living increment their benefit diminish unemployment however not dispose of the poverty experienced by numerous around the globe. When discussing BTC web association is required and furthermore a gadget, for example, workstation or work area. The general population living under poverty does not have an entrance to it so in this manner they can't take part in BTC.
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February 21, 2018, 11:21:17 AM
 #519

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/

Who will give money to these poor people to invest. In my country, poor people do not have the money to even buy food for three times a day.
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February 21, 2018, 11:26:43 AM
 #520

I do not know if he will be able to stop bullshit, but he can completely change the financial system of the world. And I do not even know whether this situation will change for better or for worse. Now people see in this asset only a means for speculation and quick earnings, for most people the idea is not important to many, only the quick earnings are of interest, which can greatly crash the course in the future.
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