Can Bitcoin End World Poverty?

[maku]

For everyone who thinks that bitcoin could be a key factor in reducing world's poverty level - how do you think that could be arranged exactly?
The only way I can think of is when someone would donate his/her own bitcoin to a charity - and this method is proven to be rather an ineffective way of helping anyone.
In short, you could give out your all Bitcoin and it still won't produce significant or desired effect. The only way to fight poverty is to change the system, the way of thinking and education.

[Kevin77]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.

But there are people who are suffering with poverty due to lack of available opportunities for them. I agree governments are responsible for creating enough employment opportunities for the people still some people are not getting chances to overcome their poverty with their known skill set. For them bitcoin may bring employment opportunities and this may lead to eliminating poverty too.

This may not sound practical but I did meet few people who are sharing about their life got restored just due to bitcoin based earning opportunities. I am still believing bitcoin may end world poverty too.

[Gameroid]

For everyone who thinks that bitcoin could be a key factor in reducing world's poverty level - how do you think that could be arranged exactly?
The only way I can think of is when someone would donate his/her own bitcoin to a charity - and this method is proven to be rather an ineffective way of helping anyone.
In short, you could give out your all Bitcoin and it still won't produce significant or desired effect. The only way to fight poverty is to change the system, the way of thinking and education.

in fact bitcoin is just giving opportunity to people to earn money through bitcoin but it does not mean that it can overcome the poverty of the people because not all the people of the world will be using bitcoin. in most of the underdeveloped countries most of the people do not have the facilities of internet and computer, therefore bitcoin cannot help them in making money and reducing their poverty.

[mharz]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.

I agree with you, poverty radication was the main problem of the world. The main cause of that was due to corrupt government and unfair treatment of the level of people. Bitcoin cannot end poverty maybe lessen the poor people but not ended.

[Shamie1002]

Not really, bitcoins are accessible to those who are capable of running a computer or those who can afford accessing the web or internet. If we will be talking about Poverty it is about poor people who depends on amount of earnings within the day for their needs. So in short poor cannot learn and use bitcoin unless they starve for a time or so to invest in bitcoin that I'm sure of is still a risk for them.
Government is the one to blame about poverty, they are given the position to help but they are in greed of money also. Poverty is problem that can not be solved if the leaders are the one that is corrupt.

[TastyChillySauce00]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.

I agree with you, poverty radication was the main problem of the world. The main cause of that was due to corrupt government and unfair treatment of the level of people. Bitcoin cannot end poverty maybe lessen the poor people but not ended.

poverty will still exist nonetheless even if corruption has been eradicated. There are people who always work smart and efficiently, in another side, there are lazy and inefficient ones.
The stake which those lazy people may have are now owned by the smart and efficient people, thus poverty happens.

[coynedterm]

For me i think so.. 


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

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Yes , it can enter the poverty of the every country where to make earning is very work .
Actually here the Bitcoin is not generating the money , but it is helping us to circulate the money in the whole world with
The use of the medium of the Bitcoin  .
So if rich and poor every categories people will enter in this field then surely the money in this world will spread uniformly
And will make the world better for the growth , so in this way the Bitcoin is helping every category of the person to make
Earnings and to meet the people of every level .

[mklost]

I dont think so because like money the distribution is unfair and not so powerful to close those gaps

[iram1011]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.

I agree with you, poverty radication was the main problem of the world. The main cause of that was due to corrupt government and unfair treatment of the level of people. Bitcoin cannot end poverty maybe lessen the poor people but not ended.

poverty will still exist nonetheless even if corruption has been eradicated. There are people who always work smart and efficiently, in another side, there are lazy and inefficient ones.
The stake which those lazy people may have are now owned by the smart and efficient people, thus poverty happens.

Poverty is never about lazy people. Poverty prevails because of lack of resources, education, skills and displacement of large number of people due to some external factor (happening on large scale in middle east Asia). Problem is bigger than what you think. Laziness is far from what poverty means.

When it comes to Bitcoin. Poverty is much bigger a problem that Bitcoin can possibly solve. Bitcoin can give only those people a way to earn who are educated, skilled or atleast know how to operate mobile or laptops and have hold of them. Bitcoin can definitely provide extra income to general people. But for poverty stricken society, Bitcoin has nothing much to offer. Efforts need to be done at government level.

[cpfreeplz]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.

I agree with you, poverty radication was the main problem of the world. The main cause of that was due to corrupt government and unfair treatment of the level of people. Bitcoin cannot end poverty maybe lessen the poor people but not ended.

poverty will still exist nonetheless even if corruption has been eradicated. There are people who always work smart and efficiently, in another side, there are lazy and inefficient ones.
The stake which those lazy people may have are now owned by the smart and efficient people, thus poverty happens.

What about if you're born into poverty and can never have a chance for a good education, food to help you grow, water consistently? Then even if you are "smart and efficient" you're still screwed.

[louisedem]

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.

Im kinda agree in what you have said, everything is possible if every individual in this world is willing to eradicate international poverty , but since bitcoin is unconstant source of money it is now impossible to change world at all, ill believe im the way that bitcoin will help, but not change at all.

[Fatanut]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.

I agree with you, poverty radication was the main problem of the world. The main cause of that was due to corrupt government and unfair treatment of the level of people. Bitcoin cannot end poverty maybe lessen the poor people but not ended.

poverty will still exist nonetheless even if corruption has been eradicated. There are people who always work smart and efficiently, in another side, there are lazy and inefficient ones.
The stake which those lazy people may have are now owned by the smart and efficient people, thus poverty happens.

Poverty is never about lazy people. Poverty prevails because of lack of resources, education, skills and displacement of large number of people due to some external factor (happening on large scale in middle east Asia). Problem is bigger than what you think. Laziness is far from what poverty means.

Pretty much poverty is just about laziness. You can never find a hardworking person that stayed from where he was a year ago. People use the word poverty in order to cover up their laziness. Lack of resources, education? You can have an endless list of your reason but I will never believe that people that suffer from poverty are hard working people.

Education and skill is something that you get for free. At least the basic part of it which is what you only need. The only valid reason that you can stay poor is if your country is poor in the first place. You basically have no choice, but that's like 1% of the population. Most countries have free education, and for resources you can simply grow your own food and then that's it. So if you're poor, then you're probably filling yourself with lame reasons instead of doing something about your situation.

[NoNetwork]

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.

Im kinda agree in what you have said, everything is possible if every individual in this world is willing to eradicate international poverty , but since bitcoin is unconstant source of money it is now impossible to change world at all, ill believe im the way that bitcoin will help, but not change at all.

Yes you are right, everything is possible if everyone will cooperate. But then again that is an ideal ambition. There's no such thing as 'international poverty', every country is only bounded by their own, no one can infiltrate a country's operations unless they've formed an alliance.

Well the ugly truth my friend is, we will never eradicate 'poverty'.

Bitcoin has its young stage right now, and we can't expect much of a difference if we are going to get it involve in such a massive problem. Another ugly truth my friend, money alone can't resolve this problem.

[Anno MMXVI]

An argument from the article as that it features a cheap payment system, but I think that it is no longer the case, at least for now. Hopefully SegWit will clear some of these problems and fasten transactions soon.

[CARrency]

An argument from the article as that it features a cheap payment system, but I think that it is no longer the case, at least for now. Hopefully SegWit will clear some of these problems and fasten transactions soon.

I think what you are saying is off the topic, we are talking about bitcoin that may or may not end poverty which is really impossible. I think if bitcoin will be ending the poverty in our country or the whole world, I think it started 8 years ago the time it was released to be used. 8 years has passed but poverty are still in our world.

[Anno MMXVI]

An argument from the article as that it features a cheap payment system, but I think that it is no longer the case, at least for now. Hopefully SegWit will clear some of these problems and fasten transactions soon.

I think what you are saying is off the topic, we are talking about bitcoin that may or may not end poverty which is really impossible. I think if bitcoin will be ending the poverty in our country or the whole world, I think it started 8 years ago the time it was released to be used. 8 years has passed but poverty are still in our world.

No no, I am not off-topic . I red the article, and one of the argument the guy is proposing is that transactions fees are low, and that will save very poor people a lot of money. That is true. But what I say is that it is no longer true considering Bitcoin transactions are now somehow expensive for them.

[ilovefeetsmell]

How is bitcoin different from other currencies? You just accumulate bitcoin just like how you accumulate other currencies. Sure there are better ways to get bitcoin but you can do these things in fiat money as well. You can get paid in fiat with programming, freelancing, and trading (maybe in a different market but you get the point).

By concluding that bitcoin can end world poverty because it's new money, then we can conclude that new money like Pepecoin and other unregulated currencies can end world poverty as well. Money is good with bitcoins but the same thing is true if you found a lucrative business that pays in fiat. Not much has changed in the way you accumulate money.

Technology can help the unfortunate people like me. This is my main source of income and it is a good opportunity for us to have an extra income in the developing country like the Philippines. It could really help me a lot.

The difference is, that Bitcoin/Blockchain creates specific income opportunities around the technology. Sure you could pay those in Fiat, but they'd still be jobs that exist because of the blockchain.

Before I got here, I am looking for a job through online but sad to say, I won't find anything. Bitcoin is connected to us.

[South Park]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.

I agree with you, poverty radication was the main problem of the world. The main cause of that was due to corrupt government and unfair treatment of the level of people. Bitcoin cannot end poverty maybe lessen the poor people but not ended.

poverty will still exist nonetheless even if corruption has been eradicated. There are people who always work smart and efficiently, in another side, there are lazy and inefficient ones.
The stake which those lazy people may have are now owned by the smart and efficient people, thus poverty happens.

This, in a capitalist system, poverty is the natural result of people being able to maximize their potential and of other people that are incapable of doing so, this creates a disparity in production and those that produce the most gain more money and become wealthy, it is not complicated, is it unfair? Probably, but that is the only system that has been proven to work.

[Suffoc8]

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.

Bitcoin can't end the poverty of the World, but I think Bitcoin can be use as a tool to end the poverty of the world but on my perspective poverty may end if there is no corrupt government that keeping the money of the country and if all people may get a good education and have a stable job so that the world may live in peace and harmony.

[Bionicgalaxy]

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.

In my own opinion, many people really achieve there dreams to be rich beacuse of using bitcoin, maybe bitcoin can really end the world poverty if they will use bitcoin for an income or a job. But only people who can access on the internet only wgo can use bitcoin. So if they really want to get out of being poor they should find a way to access on bitcoin.