Can Bitcoin Really End World Poverty?

[gqthe3]

I think bitcoin cannot end poverty in the world, because I think people who understand Bitcoin are generally more invested in their own funds. People in poor areas may not even know what Bitcoin is, let alone invest in it. Now, I think Bitcoin is more likely to increase the gap between the rich and the poor.

[1715551405]

1715551405

[1715551405]

1715551405

[1715551405]

1715551405

[1715551405]

1715551405

[Digitalbitcoin]

I think this is impossible. In addition to the need for new forms of currency and payment instruments, the world also needs more technologies such as medical, agricultural, and scientific innovations. Only with all-round progress can the world regain prosperity.

IMPossible word itself says I M Possible.. But not with just only Bitcoin but with technology used behind Bitcoin. Now many countries are moving towards other altcoins for better, faster and instant transactions and confirmation. The world is moving towards AI(Artificial Intelligence) and ML(Machine Learning). Implementation of these advanced technologies along with blockchain can offer better business solutions in coming future.

Bitcoin intelligence can only make individual people richer, making wealthier people richer. Because most of the world’s important resources are in the hands of a few people, including some of Bitcoin’s information. Of course, I do not deny that Bitcoin gives more people a chance to get rich quickly, but it is impossible to get the whole world out of poverty.

I agree. As Bitcoin have opened door for tech peoples who are good with their education, intelligence, knowledge and talent. But rather I would like to say that anyone can understand Bitcoin and its technology. After agriculture Blockchain is the biggest invention done ever in last 1000 years.

Now according to these information it will take certain time to adopt these technologies.

But poverty has many other reasons which cannot affected by Bitcoins.

[jayco25]

Bitcoin is not relevant to end poverty. To put an end to poverty, the government must act and make way for their jurisdiction to provide good jobs. I believe that suppression of corruption will end the poverty. Instead of putting money in their pocket distribute it to the poor to give them capital for the start of their business.

#Datarius

[ladmxy]

Bitcoin does not end the world’s poverty. World poverty is a difficult problem that cannot be solved. It is not enough to use Bitcoin to solve the problem of wanting everyone to sleep well.

[jdkly]

I think this is impossible. In addition to the need for new forms of currency and payment instruments, the world also needs more technologies such as medical, agricultural, and scientific innovations. Only with all-round progress can the world regain prosperity.

National poverty alleviation can not eliminate world poverty. Why should we put such a big hat on Bitcoin? It can help people rich, but it cannot eliminate poverty.

[Ebihsu]

Bitcoin will maybe not make an end to world poverty, but it sure can help make things better. And I think poverty can only be stopped if there are proper education and equality among nations and society.

[vanjava]

I do not think that's possible.
Because bitcoin is one of international trade and is the center of attention today and many investors are interested so no one is harmed. Even with the bitcoin the problem of poverty can be overcome.

[huanzhong644306]

I don't think bitcoin can end world poverty.

Some people estimate that 40 percent of bitcoins are controlled by about 1,000 people.

And those who invested early in bitcoin have made millions or more.

Now the price of bitcoin is so high that poor people have no money to buy it.

[andregunawan1]

yes bitcoin mucin can overcome the poverty of the world, and I'm sure bitcoin can handle it, many people do not know bitcoin and low society economy therefore people should use btc

[organelles]

Bitcoin cannot solely end world poverty but it can contribute to poverty reduction. there are places worldwide that still don't have internet access, Bitcoin cannot help in such places as internet is needed to access BTC, for those with the basic necessary requirements, BTC can literally drag them out of poverty if handled properly.

[Escf4]

Bitcoin can help poverty in some places of the world that can be reach by internet access  , but it will not totally end world poverty because nnot all places in the world have adopt the modern technology especially the digital world , so it can lessen the world poverty but not totally.

[peterthegreat]

Unless the poor people invest in Bitcoins I don't think Bitcoin is going to help them money wise. If some poor guy might have invested few dollars few years ago then he sure would have earned enough by now to not be poor anymore. But thinking that Bitcoin might end world poverty is insane.

[Sapphire9]

I think yes, it might. Of course not right now but one day. I can't say that in will end poverty for everybody, in the whole world. No, but it can significantly improve the situation

[Arsenyo]

No, problem is not bitcoin or any other cryptocurrency, the problem is people, their lack of desire to help others and absense of morality - that is all

[Pain Packer]

Bitcoin is not created to solve world poverty, hunger or any other large scale problems. It is just merely a technology that benefit the ones who use it. 

[Fairy_90]

Bitcoin has been around for nearly a decade and has survived many speculations about its own fall. It has grown to become an accepted medium of trading, it has also been recognized as a currency in some countries,
Currently, most of us use cash by withdrawing money from a bank account, however, this means that we will have to send money to a bank or computer and have the costs associated with shipping. maintaining and maintaining this stone age system, can not live up to the present life of the people.

[uiyh687]

The emergence of Bitcoin is not intended to change poverty. Bitcoin's underlying technology blockchain has decentralized, decentralized control of rights, distributed storage, making payments cheaper and faster, all of which have nothing to do with changing poverty. I think.

[arinibawal]

It depends on the person, if the person is really willing to learn and understand the crypto and bitcoin, then follow the facilities provided by crypto, for example by following ICO, Airdrop, and others. Surely the person will quickly earn a lot of income from bitcoin.

[Hallmader]

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 think differently on this issue. Yes, Bitcoin has grown so huge in the past and if we look at how big it was grown, it seems that it cannot be surpassed by any other investment. Even real estate investments, which is believed to be also growing faster, cannot equal to Bitcoin's growth. The big downside of this is that it cannot be expected that Bitcoin is always growing. There are also times when Bitcoin is falling. And it will not take only days or weeks for the prices to get back to their previous level. It takes months sometimes.

[Musstang]

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/

End poverty? I do not think so.
Bitcoin is bought by the wealthy, those who win more buy bitcoin.
The rich begin to manipulate the market to ensure that those who have sold their bitcoin more victoriously and yet lost.