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Author Topic: Can Bitcoin Really End World Poverty?  (Read 10030 times)
Altcoindealer
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April 02, 2018, 02:30:32 PM
 #761

I dont think so that it can end world poverty. How should that work? Bitcoin is just a currency. So poor people, or better say people of 3rd world countrys, will still not can get bitcoin out of nowhere. Or maybe you mean it could open their new trade route and they can receive the money for the stuff their sell directly to the end user on the other side of the planet? Please explain what you guys think about this. For me its totally inexplicable how this should work.
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mindfly09
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April 02, 2018, 03:27:53 PM
 #762

In my opinion, bitcoin can really end poverty, because there are people say that there life is improve when they started to invest and earn. It can helps to solve problem of the people especially to the unemployed.
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April 02, 2018, 03:28:45 PM
 #763

You can compare Bitcoin with the first cell phone, which was awkward, but problem-free in terms of battery life. Despite all the strengths and weaknesses, this did not stop this gadget from starting a whole technological revolution. In many countries in the nineties did not even hear about the existence of a cell phone, as well as in the 21st century about the existence of bitcoin. I believe that bitcoin is not able to end poverty in the whole world, but it places great hopes on the development of all mankind! Smiley
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April 02, 2018, 03:35:48 PM
 #764

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 that's hard, bitcoin can only benefit those who have it, but most poor people do not have the capital to buy bitcoins, do not know how to get bitcoin, and also do not know bitcoin.
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April 02, 2018, 03:50:11 PM
 #765

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/
In my own opinion, bitcoin cannot end the world poverty because not all of them can provide a computer or smartphones so they could access in bitcoin. But i think bitcoin can lessen the world of poverty and to improve the economy of a country because it lessen unemployed people.
saumang2m
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April 24, 2018, 01:46:36 PM
 #766

I believe everyone on Bitcoin can work. But those people are good English and it is very important because Bitcoin is a complete English language system. Even today many people are not educated. So they can not work in Bitcoin. There is such a reason. Because Bitcoin can not completely eliminate poverty in the world, Bitcoin is definitely giving its contribution in reducing poverty.

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April 24, 2018, 02:09:28 PM
 #767

Yes, it's possible. Already happening, slowly yet.
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April 24, 2018, 02:13:47 PM
 #768

And I am curious why do you think that way
Bitcoin is not free money for charity, it is a new innovation. If only you know ho to use it effectively then you might be ending your own poverty.
After you have a lot of money you could donate some of your wealth to charity Grin

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April 24, 2018, 02:33:36 PM
 #769

for me bitcoin sure has made some people super rich and will keep making other people rich, this is only the begining.
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April 24, 2018, 02:38:49 PM
 #770

Bitcoin cannot end poverty, only collaboration can.
BitcoinPanther
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April 24, 2018, 02:39:20 PM
 #771

Dwelling deeper at Brian Singer's thoughts, i'd say the ownership point is indeed valid and is considerable of argument.

The keywords "property ownership" and "collateral" does have a take on any economically infused formula and potential.

When bitcoin does not discriminate who holds one then all of us are given a chance to play in the grounds of tycoons and wealthy clans.

Bitcoin does empower any person in possession of, to trade, invest and punch poverty hard on the face to rid of it.

But then again, if peace is such a complex take on humans, so does poverty. It would take a whole lot of revolutionizing to kick it out of history books.
jademacoy
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April 24, 2018, 02:49:00 PM
 #772

YEs bitcoin could solve the poverty but not all since the benefactors of bitcoin are those low income earners to average income because those poor enough could not make it to join bitcoin investment of even bounty campaigns. As we all know some of them are in the streets begging for food and those are unfortunate events that we will be seeing everyday as we go in the streets. However, if there could be a good hearted person out there who is willing to share his profit on bitcoin investment then it might end the poverty of those chosen person that would take part and give the opportunity to join in cryptocurrency like joining in bounty campaigns and get rewards. I heard that some of the individuals who have low income has quit on their job in cryptocurrency as their full time Job.
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April 24, 2018, 02:50:09 PM
 #773

I think ending world poverty is an overstatement. First of all, we can not end poverty as a whole, no matter plans we have, no matter what projects are launched it will still end up not solving the problem in all. But I still think that bitcoin can lessen the effect of poverty.
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April 24, 2018, 02:51:21 PM
 #774

I think maybe, because, we didn't know if what happen to the bitcoin if is end or still. We need be responsible or protect bitcoin to still this good opportunity and to less the poverty in our world. We share and don't doing bad like scamming to less the corruption in bitcoin or bad experience in bitcoin. If we share to everyone the possible happen is more people using bitcoin if haven't bad issues or scam using this good opportunity.
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April 24, 2018, 03:04:22 PM
 #775

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.



I do not think it's possible. Either bitcoin or any currency can not end world poverty, as long as there is corruption in every country. The world will always fight and even kill just because of money. Because the money of many human traits is bad, only a few good qualities.
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April 24, 2018, 03:08:39 PM
 #776

It will be very possible that when many countries use and run bitcoin circulating in the country. Because many have proven that everyone who users bitcoin their lives become more prosperous.

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April 24, 2018, 03:08:48 PM
 #777

I think it will make things better for the poor, particularly migrant workers.  But it won't end world poverty.  What might end world poverty is if we could get rid of usury, which is what made it so bad in the first place.

We have different opinions about this. There are some who says that bitcoin cannot end world poverty but there are some who says yes it ends poverty. For me bitcoin cannot totally end poverty maybe it reduces and i hope it continues to reduces until poverty ends.
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April 24, 2018, 03:10:42 PM
 #778

Forget about the fund manager talking about "blockchain encryption", this is Steve Forbes talking about Bitcoin.

letecia012
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April 24, 2018, 03:12:51 PM
 #779

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/
If government and some good samaritan can't end poverty then why bitcoin  can ? as we all know bitcoin is a crypto currency and just stay on the web how  it end poverty if poor people can't help their selves to overcome poverty. only our self can get out us away from poverty if you have determination and with positive outlook in life there is no reason why you can't overcome poverty may bitcoin be  one of a tool but it can't totally eradicate poverty.
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April 24, 2018, 03:20:28 PM
 #780

I think ending world poverty is an overstatement. First of all, we can not end poverty as a whole, no matter plans we have, no matter what projects are launched it will still end up not solving the problem in all. But I still think that bitcoin can lessen the effect of poverty.

There is some truth in this, the current monetary system favours the rich and hurts the poor. A Bitcoin or Crypto economy will be an improvement in my opinion
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