Can Bitcoin Really End World Poverty?

[hosseinimr93]

Bitcoin can make some poor people rich. In other hand, it can make some rich people poor. Bitcoin is an asset which gets money from some people and gives it to others.

[odranoel]

Yes very yes, bitcoin is the best solution of the world's poverty. Not only that but it can make many people a wealthy living. In bitcoin world we make ourselves work as a boss of our owned business. I can control my time to spend with my family and work here in bitcoin ofcourse.

[SonOfNorth]

No. If money was the answer to world poverty, we could just print out more USD and airdrop that across the world. Sure cryptocurrencies will help many out of poverty or other worse-off financial situations, but there is no way for them to make world poverty just disappear. Completely other means would be needed, and personally I don't think that something like that would be feasible anyways. Nor really should it, the planet would not be able to support over 7 billion people living lavish.

[zander09]

Bitcoin can make some poor people rich. In other hand, it can make some rich people poor. Bitcoin is an asset which gets money from some people and gives it to others.

If some one can be rich with bitcoin for sure this can also be happen for others and if that happen to many people the poverty can also end because of bitcoin. But we need to be careful to invest on it because losing money is always there if you don't know when is the right time to buy and to sell.

[bryson]

This article is clearly just Forbes trying to grab attention. It's just another form of money and how does that help end world poverty. Its not like people in poorer countries can just acquire bitcoin to make themselves rich. It doesn't work like that.

[Arroware]

Bitcoin Digital currencies are investments and transactions that are easy to use by everyone. In my opinion, bitcoin greatly helps poverty, for those who have not yet earned a steady income.

[nibi_crypto]

a

[Lingesh]

Definitely it is not possible. Many people don't have the knowledge about cryptocurrency. Many countries have banned cryptocurrency. In future it may possible.

[paoeng1]

Maybe yes but it depends on the government on how they will rule it and on hiw they will use it for better way

[engrdaver]

Definitely not. Although we live in the era where the internet makes the world go round, let us not forget that not everyone is accessible to the whole wide world of web. There are still places where they have no internet connections and those countries are usually the poor ones.

[Xw73]

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.

Maybe, but In the first place, bitcoin cannot end world poverty, for this reason, millions of people live in poverty some are thrown into poverty by illness or unemployment others live in a seemingly endless cycle of poverty that spans lifetimes and generations. Even though bitcoin cannot end poverty but it can reduce to the smallest amount of poverty in countries.

[rasmadisulaiman]

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 way, bitcoin can not end the poverty that plagues the world today because every human being has a different level of thinking. If only in this world human beings given the same amount of money would surely be divided into the rich and the poor because of the money management process that they do.

[xSkylarx]

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.

The Government will do that, they can do it if they are going to have a project about giving those poor people some capital to use it on buying bitcoins or other cryptocurrencies, that way, bitcoin might really end this world poverty that we are having right now because of different calamities, killings everywhere, over population and so on, but of course they have to educate those poor people about bitcoin before they engage on such activities.

[paxaway21]

In the long run, bitcoin is still alive and still in our world and bitcoin is also helping around the world. At least 3years now the bitcoin is still on the go.

[Sadnu]

If maybe everyone knows bitcoin maybe bitcoin can finish the worldwide poverty because you can be rich when you bitcoin. because many of them are since they started the poor person now instant millionaire. and it can happen if you learn how to earn money with it.

[akes2090]

I don't think it's possible for BTC to end poverty, but it can certainly increase the quality of people's lives.
For that to happen though, we need to see widespread adoption in 3rd world countries. However in retrospect, it can also end up being a fallacy as governments can introduce strict regulation to ensure that the oppressed stay that way and are fully dependant on their local economies.

[kdiag]

bitcoin has already provided many people with prosperity, but at the same time there is a downside to those who bought or sold not in time and has a hole in pants or traders with a shoulder with endless debts, there will always be those who have received and those who have lost.

[afanase]

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/

How will it end the poverty in India ?If people earning from bitcoins, start companies and employ poor people, it will improve the situation.

[bitzizzix]

No. Bitcoin was never intended to end poverty. I dislike articles as this one.
The powers that can end poverty, aren't doing so. That's the problem. Don't expect Satoshi to be the savior of this world.

Yes, I agree with you, and in my opinion, bitcoin only makes rich people richer and only a small percentage of poor people are helped and that only reduces poverty to sufficient but can not reduce the whole. and not everyone is supported by adequate technology because most of the poor live in the depths of their lives.

[hot_ads]

Bitcoin only makes a part of it rich. Rich people make money by making other people's money. Some people make money and others lose money. The market is like this.