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Author Topic: Can Bitcoin End World Poverty?  (Read 62202 times)
Kprawn
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June 28, 2017, 03:36:21 PM
 #21

I don't see how bitcoin is helping people in Africa getting food or avoiding wars.


You need to get out there a bit more.  Wink ----> https://news.bitcoin.com/donor-gives-38-btc-water-project/ and also the growth potential for

the countries ---> http://bankymoon.co.za/2016/10/11/bitcoin-is-set-for-massive-growth-in-africa/ and https://thesunexchange.com/ { Crowd-

lending solar energy project startup The Sun Exchange will be using Bitcoin for solar energy investment. }

https://cointelegraph.com/news/from-remittance-to-startups-how-bitcoin-is-used-in-africa

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June 28, 2017, 03:37:51 PM
 #22

I do not understand how world poverty and cryptocurrency can be connected. Bitcoin is not a magic wand, and he does not cure anything. I doubt that he will be able to do something with it.

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June 28, 2017, 03:47:32 PM
 #23


Poverty has been with us since ages past and from time immemorial and it will continue to be so till eternity. Even if bitcoin has determined to make everybody rich some set of people will still not accept due to cultural or religion differences then you see some people preaching its a sign of the end time and they would prefer to remain in poverty than to accept what will liberate them and thats exactly what we are
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June 28, 2017, 06:34:57 PM
 #24

It has a possibility that bitcoin might change the world but, it will take many years before it will be. We cannot change a thing so easily. But we hope so that oneday bitcoin might help us all especially those who are very lack in needs.


I never thought that Bitcoin could change the world, because I only know that Bitcoin is the digital currency not for real currency, maybe in certain countries that can think of Bitcoin Can change everything not to the whole world, because Bitcoin can be misused with someone Who wants to commit evil on Bitcoin and is very influential for the development of bitcoin in the community if that way.
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June 28, 2017, 07:17:58 PM
 #25

Absolutely yes, but bitcoin can't do it by it's own. They need us or Bitcoin needs us. We can end poverty by helping them and givjng them money that we earned from earning bitcoim and that's only one way on how bitcoin can lessen the poverty at least

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June 28, 2017, 07:21:56 PM
 #26

This is not very likely. Since there was a man kind there was the poverty also and always will be. Unfortunately even Bitcoin can't make this to change because Bitcoin is not available everywhere and to have possibility to use it you have to have Internet access and at least some basic knowledge about technologies. And how many people in the world still don't have this?

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June 28, 2017, 07:47:07 PM
 #27

There are certain things that are not suitable at this juncture,the article says that it is a cheap payment system,but it is not,if you are really looking to empower the poor countries they wont be able to shell out $5 per transaction,it might be their two days of payment,it might be a good alternative for business to accept bitcoin than accepting cheques which might take days to verify,but other than that i do not buy anything that says in this article.


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June 28, 2017, 07:58:06 PM
 #28

Do all poor people have internet network and a laptop Huh
How can bitcoin change that all..
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June 28, 2017, 08:04:30 PM
 #29

Bitcoin is another round of progress. We can observe in the historical perspective, as gradually, very slowly, poverty in the world is shrinking. But we can not know whether poverty will be eliminated at the end of history. We do not know the future
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June 28, 2017, 08:38:50 PM
 #30

Indeed bitcoin is latest innovation of digital currency and a good alternative and able to help the economy for its users, but now its contribution cant be enjoyed by everyone because of limitations of the knowledge and regulations that bind each country about bitcoin.
Although the popularity of bitcoin has progressed along with the development of bitcoin users in various countries as well as growth of new investors that contribute to bitcoin investment. But to end world poverty it seems that bitcoin role alone is not enough if it doesnt get support from various elements of society.

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June 28, 2017, 08:51:19 PM
 #31

Can poverty be eliminated by anything at the global level? No! No matter how popular bitcoin gets globally, over time, I don't see how much effect it can really have on the global economy perse. Moreover, it seems we focus a lot on bitcoin being an asset rather than concentrating on it being a peer to peer exchange for quick and easy transaction as it was really designed to be. Won't want to be a hypocrite anyway, with the spontaneous increase in value within few years, no one is to be blamed as I am also a victim. It has helped so many, but eliminating world poverty seems just impossible.



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June 28, 2017, 08:57:18 PM
 #32


   Well the there is no impossible in this world and we don't know the future in this world and especially in our technology today that improving everyday. For me I thin it may or may not be able to it has a chance of 50/50 because for me bitcoin is reachable through online and many cities around the world has no access on internet or even they don't have the device to use to connect on the web but We don't know what ahead on us in the future maybe we will get free internet in all counties via satellite or something. We don't know what will happen and if it does happen many people will surely be happy. No one wants to be broke and stay in poverty and for us to be able that all of us people should work hard to achieve the impossible. There are many mysteries in this world so for now we just have to wait and see what will happen and that's what is the exciting part of it.  Wink
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June 28, 2017, 09:03:23 PM
 #33

Bitcoin cannot end world poverty but it can improve people's life in different countries. In this very moment in third world countries is helping a lot of people who have hold it, also in these countries there is a surge for mining equipment like graphic cards. I think this can happen with many persons even in big western countries after a few years, bitcoin can improve the life of many.

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Restmand
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June 28, 2017, 09:08:48 PM
 #34

Yes  i think bitcoin can help them. Because in my life bitcoin has help me very much and i am happy because of it. I hopes that it can make other lifes  be better too. Although it can make a long term run but still bitcoin can changer life  of everyone. They only need to educted so that they will know how to earn.
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June 28, 2017, 09:12:04 PM
 #35

There is a possibility that bitcoin eradicates poverty but not from the entire world but on an individual basis because there is no way everyone will be involved in bitcoin the same way I didn't do forex despite the various news here and there about people making millions from such endeavour so it wont still go round. For someone who is probably jobless and have some skill can get to trade it with another person that he probably wont see in his entire life. Either way for earning something from such activity means ending poverty on his own part and that's courtesy bitcoin.
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June 28, 2017, 10:02:39 PM
 #36

In fact, bitcoin can replace the modern payment system, may even bring changes in the economy, but it doesn't surrender to overcoming poverty. The distribution of income among the population doesn't depend on the payment system, so I think that the miracle will not happen.
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June 28, 2017, 10:21:28 PM
 #37

bitcoin can make the rich even richer....and the poor still poorer..  Grin

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June 28, 2017, 10:30:08 PM
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hmm.. although im a bitcoin fanatic, i am doubtful that bitcoin could end poverty, seems like poverty is created by politicians, wealthy people who are greedy, and i am very sure those people will see bitcoin as a profit and they would use their power to control bitcoin, hopefully not but it's possible.
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June 28, 2017, 10:34:28 PM
 #39

Even if it is not bitcoins, it depends on how a certain organization or people is eager on helping those who are in poverty not in the type of help they would bring. So even if I give other than bitcoins if I am eager to help them then at least I can lessen the burden.

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June 28, 2017, 10:38:33 PM
 #40

In my opinion world poverty and bitcoin are in no way related.  The technology itself can help people without access to banks...so in that aspect, it can help bring financial structure to certain areas in third world countries, but ending poverty itself..there is no way that is possible unless there were bitcoins magically allocated to each human being in the world.

Even if that were the case, bitcoin as a currency would be devalued as it's price is driven by demand. 
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