Can Bitcoin Really End World Poverty?

[sudah_wisuda]

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly thinks so. He thinks that Bitcoin can bring minimum every day earning for people more swiftly than any other economic system.

Is it possible?

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

It is possible that Bitcoin could end world poverty. If everyone in the world knows and uses Bitcoin it is certain their living economy will be helped and get better after getting to know Bitcoin. Of course this little by little can help to end the poverty of the World.

[Tashi]

I would not believe bitcoin would end poverty.  In fact bitcoin is use in illegal transactions like drugs and human trafficking.  How could they end poverty?  Unless the big whales would share their bitcoins.

Nope, do keep in mind that all currencies are probably used in illegal transactions, yes it may be used as a payment for some illegal doings, but not all of it, and Bitcoin wasn't created to be a currency for illegal transactions.

Nope, Bitcoin is limited and doesn't have the capability to end world poverty. Maybe for some people, but no all.

[Joyceshiroor]

Nope major part of bitcoin transactions are over exchanges and now bitcoin is more of a speculation stuff these days rather than a groundbreaking innovation.Bitcoin can help reducing poverty only if the people will take it up as a mission to be accomplished.

[sudah_wisuda]

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly thinks so. He thinks that Bitcoin can bring minimum every day earning for people more swiftly than any other economic system.

Is it possible?

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

It is possible that Bitcoin could end world poverty. If everyone in the world knows and uses Bitcoin it is certain their living economy will be helped and get better after getting to know Bitcoin. Of course this little by little can help to end the poverty of the World.

[mikaeltomcruz12]

I think that's not true because not all people knows the bitcoin and how can they learn the bitcoin if the people in poor province has no internet connection,computers or maybe electric connection.

[Nilda]

The poor will always be with us. Most of them are too busy putting food on the table to learn cryptocurrency. A lot of the educated rich think of bitcoin as a scam. How can you help them if they have no idea what bitcoin is?

[Aztek]

I think it might, not right now but maybe one day when it is fully accepted worldwide and we don't have to pay huge fees to banks and other financial institutions to keep/transfer our money from one place to the another.

Not saying it will magically solve world poverty but some people when they pay less for maintaining their funds, they might spend a little more on charities.

Poverty is an over grown global problem, there are a lot of factors that contributes to poverty, like, corruption, war, illiteracy and the unbalance distribution of wealth. Do you think bitcoin can overcome all of these contributory factors? Poverty is like an illness that cannot be treated overnight. It needs a lot of major reconstruction on the economy and market system. Maybe bitcoin can be considered as one of the solution, But it will take a lot more to solve World poverty.

[Jacsnuffles]

I don't think so. The world is full of different people. Different perspectives. Once a world has greedy person, there will be a victim who will end as a victim. What I'm saying is being poor, is part of our world. Rich people are rich not because of their wealth. They're rich because of there abilities and experience.

[barabut]

Bitcoin will not help to solve problem of world poverty, if money can not solve it, gold can not . BTC or crypto in general will not solve it. In poverty regions people can not use even internet, computers if they want to produce or earn by their personal efforts this is also not possible. If we want to solve the poverty in general we have to agree at the beginning to share our sources, this is never done before it doesn't matter what it is. You can share food, money or bitcoin for them all is same.

[thinknow11]

I think poverty is becoming a terminal disease. So, bitcoin can't solve a problem like this but it can address the problem of unemployment globally. Many people are relatively poor today not because they are lazy but because there are no good governance and leadership.

[nayan_suvo]

I think Bitcoin is not solve the problem of world poverty. Poor man as well as some poor countries are not know much many about  Bitcoin. They didn't know how to earn BTC. They are very much interested in foods, money but not Bitcoin. So I think Bitcoin can't end world poverty.

[maxt3r]

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/

seems like yes , because its world currency not national or country currency ..

[darkywis]

No, if people wanna end poverty then start with themselves and pick their lazy butt.

[Lorence.xD]

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 or other cryptocurrencies will not 'end' the world's poverty. They can be a substitute or only a partial solution that can be a short or maybe long depends on its value in the economy. Just like bitcoin, it can be a long-term solution since its value is high. It depends on how the world will perceived the bitcoin. Ending the poverty needs a great participation from all the sectors in a country such as the government itself. If they allow cryptos to help them then it might lessen the poverty rate.

[CONOFLEX]

I wont say it will end poverty in the world,but it will make your life easier for you. With bitcoins in your possession you can do more stuff to help other people.

[cryptosluck]

Bitcoin can really create job for youth and provide employment for many which govt cant do for their country in positive sense it is best currency

[Achel]

I think bitcoin has a greater ability to bring more of the worlds population out of the poverty  because by earning money of many people.

[sukoyomi]

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 myself bitcoin can change my life for the better, because I can double my money, both in trading with bitcoin and altcoin. plus I can get bitcoin by following bounty, like twitter campaign and others, so I guess that can, as long as everyone has a desire to get to know the crypto world.

[Apple Mac]

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 the money that Bitcoin forum possesses , probably this is enough, but the thing is, is it for life? Poverty is one of the most stayful issue worldwide, and in my perspective thats beyond Bitcoin's responsibility, every government must provide a constant effort towards this, and education od one of the best key to stop poverty, with the help of individual in the society and local entities this will be possible.

[Babyfaceless]

My short answer is No! Poverty is sometimes attributed to the behavior of a person who refuses to find better ways to uplift his/ her life. As long as there are such attitudes, poverty will always exist. But Bitcoin would be a good means to use for those who want to get rich.