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Author Topic: Can Bitcoin End World Poverty?  (Read 62992 times)
SkyFlakes
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December 20, 2017, 11:49:14 PM
 #2121

I do not think so that because of the existence of Bitcoin, the long term problem with regards to the world poverty can now be resolved because Bitcoin was not really a powerful thing that can make the poverty gone. If you were thinking that because it can provide money for income is now it can resolve the poverty, then it is not. Poverty is not just about money. It is also about the resources. What will you do with those money if in your place you do not even have those resources you need to satisfy your needs? It can just lessen the effect but cannot totall resolve it.

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December 20, 2017, 11:50:34 PM
 #2122

I don't think it will end World Poverty since Bitcoin only helps those who invest in it. As far as I know, the poor and those who do not have internet don't have the means to do so.
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December 21, 2017, 12:10:28 AM
 #2123

Well the title is a bit clickbait since the article does not really say that bitcoin will end poverty but the blockchain technology. I think that might be true, but only if politics get involved and change the rules accordingly. And I honestly don’t see that coming.
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December 21, 2017, 12:35:49 AM
 #2124

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.
I dont think bitcoin can end the world poverty because bitcoin is not already know by all people. It can help the poor but it doesnt solve the world poverty unless it is teached to all people and bitcoin is our primary currency all around the world.
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December 21, 2017, 12:42:31 AM
 #2125

Yes and ithink bitcoin is our future money and new permanent job in the future because the examples of job is trading investing or here in forum and theres a lot of opportunity to earn crypto and bitcoin so i think bitcoin is the one can solve all the problems of poverty.
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December 21, 2017, 12:44:12 AM
 #2126

Sure!!!! Bitcoin can end world poverty, whereby everyone join to trade bitcoin
Tegin92
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December 21, 2017, 02:20:06 AM
 #2127

Bitcoin may reduce the world's poverty, but, how individuals can manage and measure the ability to use it .. Every individual must be in the obligation to master the science of bitcoin and must know what bitcoin ?? The point is we have to be smart, in bitcoin it takes intelligence, that's my opinion.

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December 21, 2017, 03:59:18 AM
 #2128

Investing in bitcoin might help us to be rich or richer. But maybe it is not the solution to end poverty. Because at the very beginning, discipline is kost important. Even you have millions of money as long as you don't have the discipline on how to use your money, you will end up nothing. Discipline is the key to end poverty. If you have discpline in studying, in your work, in time, i'm very sure poverty will end.
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December 21, 2017, 04:11:50 AM
 #2129

For some reasons, I don't think bitcoin alone has the capability to do that instead we should look forward with our goverment with the things they are doing. If the government of a certain country is corrupted and has some greedy politicians, the chances that the poverty within their area is too far from happening. We cannot rely on bitcoin with this matter, we should change our ways and start ending the poverty with ourselves inch by inch.
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December 21, 2017, 04:14:29 AM
 #2130

I think bitcoin will only be able to do that if it is already legalized all over the world. Bitcoin can only function when it is already known by many, the solution of poverty will fully depend on the people's decision knowing that bitcoin alone has no use if it is not being acquired by the people. Although bitcoin has a great value we should still consider the fact that without our decisions, it will be useless in ending world poverty.

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December 21, 2017, 10:05:18 AM
 #2131

I think no! Because theres a lot of goverment hate this and still banning this bitcoin but i think it can reduce not all but maybe a little it can reduce poverty because this bitcoin is very helpful to all people .
Poverty is the major problem of large number of countries and to remove this problem it will take long time and need some big steps but bitcoin is the only way which can reduce this problem up to high level and bitcoin have already taken step in this issue providing easy jobs to all type of people.
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December 21, 2017, 11:49:58 AM
 #2132

In my opinion, bitcoin be a great tool to end worlds poverty if all people are willing to accept and learn it. Bitcoin is for everybody that ready to accept and learn about it. I’m sure that if a poor person wants’s to become wealth they will do all their best to achieve their dreams, and bitcoin can be a great tool to use because of the enormous amount of profit you can make.
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December 21, 2017, 12:28:58 PM
 #2133

I think so?, if the government allows it to the country then that's the time that we can end the poverty. And also with the help of people that may work or invest in bitcoin. Bitcoin will definitely increase the economy if all of the people will cooperate. So how to increase economy with the use of bitcoin? Since bitcoin is a business once it is legalized then the government can make tax to those who are engaged in btc. And through tax, government will do programs or activities that will help to grow the economy.

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December 21, 2017, 12:30:31 PM
 #2134

I don't think it would especially since it has already gotten too expensive for the poor people to even properly invest in. It only benefits those who invested in it early on. This is only my opinion though.
Dark Sky
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December 21, 2017, 12:39:33 PM
 #2135

I don't think it would especially since it has already gotten too expensive for the poor people to even properly invest in. It only benefits those who invested in it early on. This is only my opinion though.
Bitcoin can end world poverty and this forum are specially for those who cannot manage in their job's salary and those people who are jobless they can join bitcoin forum and get many benefits from this forum and they can help those people who cannot join bitcoin forum because they are uneducated, so they can provide education for their kids and that's why bitcoin can end world poverty.

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December 21, 2017, 12:48:57 PM
 #2136


I guess so. When people start to learn how to earn bitcoin or practically invest in bitcoin, that will immediately have an effect to the problem of world poverty. Although, it doesn't just happen in a single day. It actually takes time, effort and cooperation of all people for it to be successful. Still, it is possible indeed.

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December 21, 2017, 03:18:37 PM
 #2137

I'm sure if bitcoin legalized by the government then bitcoin will be beneficial for everyone so that everyone has a chance to earn for free with the mining and reduce poverty, but unfortunately there is no government who want to legalize bitcoin just more banned.


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December 21, 2017, 04:10:30 PM
 #2138

I think poverty is too complicated to solve, it needs a true and long-term system, the presence of bitcoin can only be enjoyed for those who have internet access so the first thing to make bitcoin reduce poverty is to provide good internet access.


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Magister Magus
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December 21, 2017, 04:14:46 PM
 #2139

Not at all.
Money in general - and bitcoin is money - in only a measure of value.
If there was no money, anyway we'd have rich people and poor people.
Some with hundreds of cow and sheeps, for exemple, and other with nothing.
Poverty is a complex problem, and has nothing to do with bitcoin.

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December 21, 2017, 04:25:50 PM
 #2140

I don't think that  bitcoin can not put an stop to entire world poverty. Someone will have bitcoin a lot more, and some will have less. It truly is just a currency that you need to receive and its quantity will be an indicator of a person's economic amount.
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