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Author Topic: Can Bitcoin End World Poverty?  (Read 62992 times)
Dewao
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January 30, 2018, 01:05:35 PM
 #2581

Poverty is way too complicated and could not be solved by a single entity. Education is one key component. Reducing income inequality is the goal. I think if bitcoin is only centralized in the rich who are rich before, then poverty wouldn't be solved.

But bitcoin is for every one not only in those people who are rich, so even poor people can earn bitcoin and their have opportunity to be rich especially  if we use it for investment.
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January 30, 2018, 01:19:57 PM
 #2582

Poverty is way too complicated and could not be solved by a single entity. Education is one key component. Reducing income inequality is the goal. I think if bitcoin is only centralized in the rich who are rich before, then poverty wouldn't be solved.

But bitcoin is for every one not only in those people who are rich, so even poor people can earn bitcoin and their have opportunity to be rich especially  if we use it for investment.


Bitcoin is a digital currency, a good investment or an asset. Poor people also has their own rights to earn their money as long as they are not against the rules but investing in these expensive digital currency can be a impossible for them. It is not like that I am ridiculing them, I am saying it since most of them are busy finding a way to eat or live rather than finding something that can give them profit.
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January 30, 2018, 01:33:48 PM
 #2583


I think so, bitcoin nowadays has a big contribution in economy of each country. Bitcoin now is become popular and many people discovers it. Poverty is the major problem of each country that faces in past years until now. I think that bitcoin can help each country to decrease the number of people that are poor because bitcoin can gives a job to the people who seeks for a job. It maybe side line or a real job. Also the price of bitcoin can help to the economy because it can contributes a help for the projects that can help poor people.

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January 30, 2018, 09:20:57 PM
 #2584

Bitcoin can not end world poverty, it may reduce it but not end it. There are so many places to be covered and bitcoin won't be able to get to those places in years and not to talk about the interest of the people themselves.

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January 30, 2018, 09:57:21 PM
 #2585


I think so, bitcoin nowadays has a big contribution in economy of each country. Bitcoin now is become popular and many people discovers it. Poverty is the major problem of each country that faces in past years until now. I think that bitcoin can help each country to decrease the number of people that are poor because bitcoin can gives a job to the people who seeks for a job. It maybe side line or a real job. Also the price of bitcoin can help to the economy because it can contributes a help for the projects that can help poor people.
Well i dont believe that bitcoin can really end the world poverty because it is just a digital instrument that can be used for gaining.The responsible for that matter is the people who live on that persfective country to act as one and maybe the economy will rise if everyone helping each other to gain profit for good,because even if bitcoin is there and no one will believe on it bitcoin is useless in short the poverty status is depend  on us not on bitcoin.
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January 31, 2018, 01:16:02 AM
 #2586

In my opinion i think bitcoin doesn't take care of the issue of world poverty, because it considered as like any other investment like gold or diamonds or stocks. Crytocurrency is just a virtual instrument that people can utilize it as a source of gaining to overcome their financial needs but those just who are only involved on a virtual currency world.
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January 31, 2018, 01:42:34 AM
 #2587

I don't think so,it will lessen the world poverty but it cannot end it.Poverty in the whole world is a big problem that bitcoin cannot solve it.
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January 31, 2018, 01:52:10 AM
 #2588

Maybe because everyone can access bitcoin,if you don't have any job you can join bitcoin to earn money.But how about the poor people how can they access bitcoin if they don't have any gudgets to use.I only lessen poverty but not end it.
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January 31, 2018, 02:40:28 AM
Last edit: February 03, 2018, 02:18:55 PM by RKSummer
 #2589

I think it depends on the situation. Bitcoin can only end the poverty of those who knows bitcoin,but those who dont know anything about bitcoin, they are always in poverty in thier entire life like on some places were technology have no room.

No, bitcoin can help reduce poverty by providing its users a great source of income but it can't end it. World poverty is a very serious problem.

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January 31, 2018, 06:36:28 PM
 #2590


I think so, bitcoin nowadays has a big contribution in economy of each country. Bitcoin now is become popular and many people discovers it. Poverty is the major problem of each country that faces in past years until now. I think that bitcoin can help each country to decrease the number of people that are poor because bitcoin can gives a job to the people who seeks for a job. It maybe side line or a real job. Also the price of bitcoin can help to the economy because it can contributes a help for the projects that can help poor people.
Well i dont believe that bitcoin can really end the world poverty because it is just a digital instrument that can be used for gaining.The responsible for that matter is the people who live on that persfective country to act as one and maybe the economy will rise if everyone helping each other to gain profit for good,because even if bitcoin is there and no one will believe on it bitcoin is useless in short the poverty status is depend  on us not on bitcoin.
A person is lazy but wants to has money, do you think this person have money in the future? Unless this person is lucky and get support by someone or winning lottery tickets, I do not think this person will have money from Bitcoin if this person does not want to work hard and spend its brain gray matter.

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January 31, 2018, 07:05:19 PM
 #2591

Too exaggerated I think if to end poverty, more precisely reduce poverty.
If it can end poverty, where the poor can buy a mobile phone or laptop, for plunging into the bitcoin world by using that access.
ngusmin
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January 31, 2018, 07:07:44 PM
 #2592


Bitcoin only gives wealth to those who own it and it is personal. I do not think bitcoin can end world poverty, because bitcoin is not a charity. But if bitcoin owners donate bitcoin to them it will help end world poverty.

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January 31, 2018, 07:11:48 PM
 #2593

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February 02, 2018, 12:49:17 PM
 #2594

Well, there is a misunderstanding: mining creates new bitcoin, but it doesn't create new value.
Bitcoin, as any currency, is just a measure of value. Poverty has many causes, and it doesn't depend from currency.
Actually, even without any currency, some people own assets (land, animals, food, and so on) and other not.
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February 02, 2018, 01:11:03 PM
 #2595

Although bitcoin is a potential coin,it could not end world poverty since its supply is limited to only 21 million coins.It has transformed the lives of many people but still it is highly impossible to eradicate poverty from the world.But it could atleast change the life of some poor people.

It is true, bitcoin will never be able to end world poverty, because besides the number of bitcoinbyang is limited in addition, many people who do not understand about the use of bitcoin. Maybe only some of us who understand the tramp of crypto that can maximize this

Yes, as of now bitcoin cannot end world poverty because the world is not totally aware about crypto but maybe soon in the next decade the world can feel the goodness of bitcoin, despite of that reason still we can't deny the truth that there are more people around the world who has changing their life because of bitcoin they acquire there financial freedom by getting rich.

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February 03, 2018, 12:30:17 PM
 #2596

This a weird question.

Pretty unrelated things.

World Poverty is the result of relations between Humans (mostly dominance), bitcoin is merely a tool.

You can find relations between theses two issues but good luck on finding a direct link of causality Wink.



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February 03, 2018, 02:12:49 PM
 #2597

i think so because as i can see many member of bitcoin is now improve thier life,bitcoin can give money to us in a easy way.

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February 03, 2018, 02:23:16 PM
 #2598

If bitcoin is widely spread to all people, it shouldn't be so difficult to end the world of poverty because it will be easier to all the people that what is bitcoin all about ? So they don't have difficulties by understanding and how it works. Bitcoin is not that difficult but for those people who don't any technologies to access on bitcoin, they can't use bitcoin to help themselves from being poor
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February 03, 2018, 02:23:48 PM
 #2599


Yes I agree that bitcoin will end world poverty because bitcoin reduces unemployed persons in this world. Because in bitcoin you can work at home. Most of all the women's can work also in bitcoin as long as they know the rules and regulations of bitcoin. If anybody accept bitcoin and they are willing to earn money they can easily earn a big amount than in the regular works. Bitcoin serves as a source of income thats why it can end world poverty.
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February 03, 2018, 03:02:59 PM
 #2600

Although bitcoin is a potential coin,it could not end world poverty since its supply is limited to only 21 million coins.It has transformed the lives of many people but still it is highly impossible to eradicate poverty from the world.But it could atleast change the life of some poor people.

It is true, bitcoin will never be able to end world poverty, because besides the number of bitcoinbyang is limited in addition, many people who do not understand about the use of bitcoin. Maybe only some of us who understand the tramp of crypto that can maximize this

Yes, as of now bitcoin cannot end world poverty because the world is not totally aware about crypto but maybe soon in the next decade the world can feel the goodness of bitcoin, despite of that reason still we can't deny the truth that there are more people around the world who has changing their life because of bitcoin they acquire there financial freedom by getting rich.
- Now, even forever, poverty will not be ended by Bitcoin because we should understand one thing, bitcoin is just a place to invest and make money, money will move from one person to another. In short, bitcoin can be understood as a game, the game will have won and lost, people can not forever be the winner and can not always be the loser, and bitcoin can only change the lives of some people, can not be all, ending poverty with Bitcoin is an idea impractical and too far


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