Can Bitcoin End World Poverty?

[justarmc]

For me i think so.. 


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

READ MORE:

I think it would be able to end world poverty in some ways if and only if everyone are going to know it and use it as an instrument to escape poverty. There are a lot of things that should be dealt with if we really want bitcoin to help solve poverty globally. Each nation should work on the legalization of bitcoin on their place so that everyone will have the chance to know bitcoin. By this way also, we are helping every individual shape the world.

It can not end world poverty, think about those really poor countries like Africa do you think bitcoin is the solution? No, it is not. Do all part of this world have gadgets and internet? No, they do not have it. Like what I said before they would rather buy foods to live than to buy those things.

your right.. it is impossible. Even we all knew that there are some various state and federal programs who help relieve indigence but still it will not end the poverty, nor even bitcoin cannot eradicate world poverty. Working in bitcoin is through internet therefore, for those poor people especially in poor countries are less fortunate, knowing that many of them are illiterate.

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[Senja Kemuning]

For me i think so.. 


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

READ MORE:

I think it would be able to end world poverty in some ways if and only if everyone are going to know it and use it as an instrument to escape poverty. There are a lot of things that should be dealt with if we really want bitcoin to help solve poverty globally. Each nation should work on the legalization of bitcoin on their place so that everyone will have the chance to know bitcoin. By this way also, we are helping every individual shape the world.

It can not end world poverty, think about those really poor countries like Africa do you think bitcoin is the solution? No, it is not. Do all part of this world have gadgets and internet? No, they do not have it. Like what I said before they would rather buy foods to live than to buy those things.

your right.. it is impossible. Even we all knew that there are some various state and federal programs who help relieve indigence but still it will not end the poverty, nor even bitcoin cannot eradicate world poverty. Working in bitcoin is through internet therefore, for those poor people especially in poor countries are less fortunate, knowing that many of them are illiterate.

Yes I agree, the main factor of poverty is education, developed countries can be rich because the education level of all its citizens is better than the developing countries. the presence of bitcoin will not change much in poverty as long as the state does not pay attention to education issues.

[gabmen]

For me i think so.. 


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

READ MORE:

I think it would be able to end world poverty in some ways if and only if everyone are going to know it and use it as an instrument to escape poverty. There are a lot of things that should be dealt with if we really want bitcoin to help solve poverty globally. Each nation should work on the legalization of bitcoin on their place so that everyone will have the chance to know bitcoin. By this way also, we are helping every individual shape the world.

It can not end world poverty, think about those really poor countries like Africa do you think bitcoin is the solution? No, it is not. Do all part of this world have gadgets and internet? No, they do not have it. Like what I said before they would rather buy foods to live than to buy those things.

your right.. it is impossible. Even we all knew that there are some various state and federal programs who help relieve indigence but still it will not end the poverty, nor even bitcoin cannot eradicate world poverty. Working in bitcoin is through internet therefore, for those poor people especially in poor countries are less fortunate, knowing that many of them are illiterate.

Yes I agree, the main factor of poverty is education, developed countries can be rich because the education level of all its citizens is better than the developing countries. the presence of bitcoin will not change much in poverty as long as the state does not pay attention to education issues.

Well bitcoin can support education if the person wants to. Bitcoin can generate a lot to fund educational programs but i think it's too early to think about that for now.

[KEPLER99]

The main problem of poverty is the uneven distribution of financial channels, most of the poor are blocked from access to finance such as government assistance, bank aid and so on. the presence of bitcoin can be a solution to overcome poverty.

You have explained one of the main reasons for poverty all over the world. This is utterly because of the unjust distribution of financial assets. Those who have oil, gold etc in their land are not willing to share it with poor countries. We need to sue world resources equally to put an end to poverty.

Since, it is clear that the uneven distribution of the financial resources is the major cause of poverty in the world.

Bitcoin has challenged systems to introduce even distribution of finance to all i.e. a decentralized economic system which provides equal opportunities to both rich and poor to make money online, and through this both rich and poor are themselves responsible for the profits/losses they get in the market.

[the rise]

The main problem of poverty is the uneven distribution of financial channels, most of the poor are blocked from access to finance such as government assistance, bank aid and so on. the presence of bitcoin can be a solution to overcome poverty.

You have explained one of the main reasons for poverty all over the world. This is utterly because of the unjust distribution of financial assets. Those who have oil, gold etc in their land are not willing to share it with poor countries. We need to sue world resources equally to put an end to poverty.

Since, it is clear that the uneven distribution of the financial resources is the major cause of poverty in the world.

Bitcoin has challenged systems to introduce even distribution of finance to all i.e. a decentralized economic system which provides equal opportunities to both rich and poor to make money online, and through this both rich and poor are themselves responsible for the profits/losses they get in the market.

In the end, bitcoin is capable of bringing major changes to the majority of poverty worldwide. all with only one condition - their willingness to get used to the use of the Internet and willing to learn to manage virtual investment assets more responsibly. Many people are lazy, especially unemployed who just want a brisk effort or even do not want to work with the same pattern, bitcoin will encourage them to become more qualified human with a fairly simple pattern of work

[psiksenz]

Wow, what a question.  I think that any monetary instrument in the right hands could end world poverty.  Bitcoin is a good idea because its offers the opportunity to take some of the power out of the hands of people that use debt as a form of control.  It's a limited supply, you have to put in a lot of effort to create them, governments can't create extra Bitcoins to pump into the system but of course they're not going to give up their power without a fight.   If Bitcoin somehow manages to cause a massive shift and redistribution of power and wealth then that will go a long way to ending poverty.  There's no genuine reason why poverty should exist, its just greed that keeps it going.

[inv_ker]

Bitcoin is not a magic wand which will end world poverty. It simply doesn't have the power to end such a massive thing. Also bitcoin is not a payment system anymore. We have moved to a different goal long back, when the confirmation time increased and transaction fees hiked. These confirmation time and transaction fees is going to be increased again and again. So we will move from the initial goal further.

Bitcoin has now purely became an investment asset. IT can provide a huge return which any other conventional investment will never be able to offer ever. So I take bitcoin purely as an investment and a trading asset. I earn profit  and keep it for the future.

Can Bitcoin end world poverty? I think yes, Bitcoin can end poverty in the world. The Bitcoin instrument is very powerful and magical. What is the reason why Bitcoin is powerful? Do you think, all over the world Bitcoin give finances to people have access to it. It is large industry that can help lots of people by giving money by posting. Next, magical. Why? Have you think that why Bitcoin still exist. It gives lots of opportunity to people to earn money and on that many people trust Bitcoin and that is the reason why Bitcoin still exist.

[Konthol Ngaceng]

Donating with bitcoin is easier to do, and if many users are concerned about poverty then we can create a group that receives bitcoin to donate so as to reduce poverty.

[untugede]

For me i think so.. 


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

READ MORE:

I think it would be able to end world poverty in some ways if and only if everyone are going to know it and use it as an instrument to escape poverty. There are a lot of things that should be dealt with if we really want bitcoin to help solve poverty globally. Each nation should work on the legalization of bitcoin on their place so that everyone will have the chance to know bitcoin. By this way also, we are helping every individual shape the world.

It can not end world poverty, think about those really poor countries like Africa do you think bitcoin is the solution? No, it is not. Do all part of this world have gadgets and internet? No, they do not have it. Like what I said before they would rather buy foods to live than to buy those things.

your right.. it is impossible. Even we all knew that there are some various state and federal programs who help relieve indigence but still it will not end the poverty, nor even bitcoin cannot eradicate world poverty. Working in bitcoin is through internet therefore, for those poor people especially in poor countries are less fortunate, knowing that many of them are illiterate.

Yes I agree, the main factor of poverty is education, developed countries can be rich because the education level of all its citizens is better than the developing countries. the presence of bitcoin will not change much in poverty as long as the state does not pay attention to education issues.

Well bitcoin can support education if the person wants to. Bitcoin can generate a lot to fund educational programs but i think it's too early to think about that for now.

now it is very bitcoin is a variety of benefits began to be a tool for transactions
then as a future investment, and also many others anymore, depending on yourself how to use it

[musharaf]

Poverty is a problem of the world which can't be finished through Bitcoin Because there are so many countries where most of the villeges and cities have no facility of internet. So we can say that bitcoin is not the tool the end the panic of poverty.

[Altero]

Bitcoin, or any other cryptocurrency for the matter, will not change the way people think. While there are economical reasons for poverty, the cryptocurrency and blockchain tech will hardly become an ultimate solution for this issue.

You're right, crypto currencies is not the solution of being poverty. Bitcoin could help us financially but it couldn't give a huge impact in the economic status of the country. Because the government cannot benefit this, only the individuals who are part of bitcoin community. Poverty solutions are in the hands of government supported by the members not on bitcoin..

[BeGoods]

For me i think so.. 


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

READ MORE:

I think it would be able to end world poverty in some ways if and only if everyone are going to know it and use it as an instrument to escape poverty. There are a lot of things that should be dealt with if we really want bitcoin to help solve poverty globally. Each nation should work on the legalization of bitcoin on their place so that everyone will have the chance to know bitcoin. By this way also, we are helping every individual shape the world.

It can not end world poverty, think about those really poor countries like Africa do you think bitcoin is the solution? No, it is not. Do all part of this world have gadgets and internet? No, they do not have it. Like what I said before they would rather buy foods to live than to buy those things.

Thats right poverty in the world is very complicated you know ? many poor people in the world not only do not have jobs. but there are many other problems such as lack of knowledge, resources, and so on. so although bitcoin is present and offers great advantages. it will be useless because the technology can not be implemented in various communities in the world.

[Sled]

For me i think so.. 


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

READ MORE:

I think it would be able to end world poverty in some ways if and only if everyone are going to know it and use it as an instrument to escape poverty. There are a lot of things that should be dealt with if we really want bitcoin to help solve poverty globally. Each nation should work on the legalization of bitcoin on their place so that everyone will have the chance to know bitcoin. By this way also, we are helping every individual shape the world.

It can not end world poverty, think about those really poor countries like Africa do you think bitcoin is the solution? No, it is not. Do all part of this world have gadgets and internet? No, they do not have it. Like what I said before they would rather buy foods to live than to buy those things.

Thats right poverty in the world is very complicated you know ? many poor people in the world not only do not have jobs. but there are many other problems such as lack of knowledge, resources, and so on. so although bitcoin is present and offers great advantages. it will be useless because the technology can not be implemented in various communities in the world.

Great point. I agree to that the only problem with the world's poverty is, it is complicated and even though we have a lot of choices for the people to end their own poverty but the problem is how are they going to use those opportunities if they lack on knowledge which is the very first important thing because that will serve as a connection for both bridge to completely connect each other and go to the other side.

[Monnt]

Absolutely Bitcoin can end world poverty and that is the goal of it. It is going to decentralize every centralized system, and that is what the world economy is today, and allow everyone a fair chance at bring value to the economy that can't get changed.

The fact that there is a decentralized system doesn’t mean it will eradicate the centralized system. So many people will still prefer to stick with their centralized system in the long run. Even if it peradventure manages to do eradicate centralized system (which would be a huge battle anyway), will that curb poverty ? No!

Apparently, it might help standard of living of some a little bit but that won't stop people from still begging on the streets. Being wealthy  is a choice and not all people have the balls to thread that route.

[buxlover]

That sounds really far fetched by big person. Just imagine walking through the street and throwing some bitcoin and that's gonna end the world poverty? No man it doesn't work like that. Poverty ends when there is education and literacy reaching the sky levels.  The poverty isn't calculated with the money that a person gets but it's calculated according to his abilities which he can perform but he don't have enough money or resources to spend on his abilities. Bitcoin can not be understood by such people because they lack the sufficient knowledge and it will never be earned by them because they barely understand the economy system of traditional world.

[lovesybitz]

Bitcoin helps many people specially when it comes to financial needs it offers many opportunity for income but it cannot help those poor because using bitcoin requires knowledge and proper education and if you don't know how to use this technology you cannot adopt to bitcoin

You got it right! Poverty is a big issue that the world is facing for how many decades and will exist forever. Bitcoin can’t end world poverty; even the government can’t do that. However, bitcoin helps us earn extra income. For those poor people, they can’t earn extra income if they are not knowledgeable about it and don’t have internet or gadgets. I’m not saying bitcoin is for rich people only, it’s for everyone as long as you are knowledgeable about it.

I think, poverty to all countries will not going to be resolve anymore , because every time they resolves it there is more problem of poverty coming in again. But, in some other ways I think bitcoin can help anyhow in this type of circumstances anyway. In terms of giving an opportunity  to have a income.

[d1ceplayer]

For me i think so.. 


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

READ MORE:

I think it would be able to end world poverty in some ways if and only if everyone are going to know it and use it as an instrument to escape poverty. There are a lot of things that should be dealt with if we really want bitcoin to help solve poverty globally. Each nation should work on the legalization of bitcoin on their place so that everyone will have the chance to know bitcoin. By this way also, we are helping every individual shape the world.

It can not end world poverty, think about those really poor countries like Africa do you think bitcoin is the solution? No, it is not. Do all part of this world have gadgets and internet? No, they do not have it. Like what I said before they would rather buy foods to live than to buy those things.

Bitcoins can be made the solution of eradicating poverty forever from the world. Those countries that are developed and are members of the UNO and many other organizations that are handling international affairs and are responsible for making countries stable, they can at least use bitcoins for earning money and use that on countries like Africa etc.

[LevshaK1]

That sounds really far fetched by big person. Just imagine walking through the street and throwing some bitcoin and that's gonna end the world poverty? No man it doesn't work like that. Poverty ends when there is education and literacy reaching the sky levels.  The poverty isn't calculated with the money that a person gets but it's calculated according to his abilities which he can perform but he don't have enough money or resources to spend on his abilities. Bitcoin can not be understood by such people because they lack the sufficient knowledge and it will never be earned by them because they barely understand the economy system of traditional world.

It's not even a matter of donating bitcoins, but even the poor do not even have a wallet or internet to use the crypto currency. In addition, temporary assistance by bitcoins will not provide the poor for life.

[zzSunZZ]

How Bitcoin and blockchain encryption has a greater ability to bring more of the world’s population out of poverty than anything we’ve seen in decades.
A blockchainbased transaction is verified within ten minutes. It’s not verified within ten minutes for a credit card, which is why 5% to 10% of all transactions are rejected on the spot. It’s not verified until often days later. Even a check is not verified for days. And that is completely taken out of the system. So on day one, on day one, the retailer’s sales go up because they don’t have to reject the transaction. And they save on the fees. It doesn’t really get much better than that if you’re looking for a disruptive innovation in any single industry. It’s wonderful.

[NoNetwork]

Bitcoin helps many people specially when it comes to financial needs it offers many opportunity for income but it cannot help those poor because using bitcoin requires knowledge and proper education and if you don't know how to use this technology you cannot adopt to bitcoin

You got it right! Poverty is a big issue that the world is facing for how many decades and will exist forever. Bitcoin can’t end world poverty; even the government can’t do that. However, bitcoin helps us earn extra income. For those poor people, they can’t earn extra income if they are not knowledgeable about it and don’t have internet or gadgets. I’m not saying bitcoin is for rich people only, it’s for everyone as long as you are knowledgeable about it.

I think, poverty to all countries will not going to be resolve anymore , because every time they resolves it there is more problem of poverty coming in again. But, in some other ways I think bitcoin can help anyhow in this type of circumstances anyway. In terms of giving an opportunity  to have a income.

I think it will not. If we would go down on analyzing it carefully, poverty is a very broad crisis that almost every country has. The poverty we are talking about is a non-curable one, even if there an exposure of Bitcoin in it will not actually make any difference at all. Even dollars didn't resolve this problem what more of a young currency, and also the problem is that its not that easy to distribute because of the decentralized concept of it.