Can Bitcoin End World Poverty?

[madwica]

Bitcoin can not put an end to world poverty. This is an electronic currency, not a magic wand. In order to get bitcoin you need to earn it or earn another currency and exchange it for bitcoin.

yes i am also agree with you that bitcoin cannot end the world poverty but i think it can only control it and can only help people to reduce it, i think there are a lot of people who are jobless in real world but still they are getting a good amount of money from bitcoin trading and are leading their live.

It can helps to prevent people to get poor, those people who are working in bitcoin they are people get benefited and i think poor people doesnt make rich if they do not access bitcoin to make a work.

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[Westinhome]

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.

Yeah thats true only knows how to bitcoin can end poverty but those not to know how to bitcoin i think they need a job for end for there poverty. Bitcoin End wolrd poverty that not gonna happen because many people need to study about technology and how to use it. Just like in the mountain people the dont how to use like phone or any gadgets.

[Star_Bucks]

Well with one snap of bitcoin it cannot end the worlds' problem which is poverty. It is always up for the people to move by themselves. It is on the people that is on that situation, it is up to them if they still wanted to live or they wanted to die as poor. There are a lot of stories I've read saying that there were many people born as poor but died as rich. Well for them to end their poverty using bitcoin they need the literacy to do it. At least they need to be media literate to deal with this.

I agree. Bitcoin requires some atleast knowldge om what you are doing. You cannot simply say that it will end the proverty in the whole world because not everyone knows bitcoin that much yet. As an individual, maybe it can, it may help you up on getting out of poverty. You can not depend the whole world's financial state on bitcoin. People are the ones who make choices on whether they just stay procrastinated at one place being passive and letting time get wasted. Not everyone in the world are litetate on media. Some even don't know yet the technologies out there because of being uncivilized.

[genocide]

For me i think so.. 


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

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No, I don't think so. It is not possible that bitcoin will end world poverty. Why? Because not everyone in this world have access to bitcoin. There are countries where poor people do not have internet connection, computer or even a mobile phone. It still depends on the person's dedication and determination in finding ways on how to succeed in life. And do not aim to get rich instantly, of course you must have to put some hard work and patience if you want to escape from poverty.

[Bitmedrano040117]

I cannot say that Bitcoin can end world poverty, and moreover in every problem in the poverty there is a different solutions. However, If they want bitcoin become a solutions unto it. We all knows that it needs more knowledge 100% and proper study and learning about in bitcoin.
That's the reason many of the country and people are very lack of knowledge in bitcoin.

[zekeshawn]

Bitcoin won't end proverty but can help people specially those who are willing to learn about bitcoin. In order for those people who are not fortunate enough in life to earn money from bitcoin of course they need to know first what is bitcoin and if they have all the information and knowledge then they can start teaching people from their circle and spread it. Bitcoin will not make our lives better overnight we people need to work for it if we want that to happen.

[carlerha]

I cannot say that Bitcoin can end world poverty, and moreover in every problem in the poverty there is a different solutions. However, If they want bitcoin become a solutions unto it. We all knows that it needs more knowledge 100% and proper study and learning about in bitcoin.
That's the reason many of the country and people are very lack of knowledge in bitcoin.

yes that is right that bitcoin cannot end the world poverty but it can only help people to earn some money and lead a peaceful life. i think there are  a lot of people who are jobless and they have only one mean of earning money and that is bitcoin trading or what ever else related to bitcoin.

[milewilda]

I cannot say that Bitcoin can end world poverty, and moreover in every problem in the poverty there is a different solutions. However, If they want bitcoin become a solutions unto it. We all knows that it needs more knowledge 100% and proper study and learning about in bitcoin.
That's the reason many of the country and people are very lack of knowledge in bitcoin.

yes that is right that bitcoin cannot end the world poverty but it can only help people to earn some money and lead a peaceful life. i think there are  a lot of people who are jobless and they have only one mean of earning money and that is bitcoin trading or what ever else related to bitcoin.

You are right and im one of them on which it does change my life specially on financial because bitcoin does give me a chance on earning money because i had really have a hard time on applying physical day stable jobs on my country out of competition which i end up on having no job but luckily theres bitcoin and does really help me on financial needs and it may not solve worldwide poverty but would somehow give some chance for those people who are included on it.

[matuson]

Why only the unemployed? A lot of people in third countries refuse from work in favor of earning bitcoins. This generates income several times more than the average salary in their country. May be this is the main reason for the growing popularity of bitcoin.

[amskas]

Bitcoin has a greater ability to bring more of the world's population out of poverty than anything we've seen in.

[wizardee]

Honestly, I do not see any chance in bitcoin being able to end world poverty. After all, how can we end it? It is all dependant on the rest of society to help out those in need. It is solely up to individuals to determine whether they would be willing to donate any money to charity and let go of it to those who's lives depended on it. A digital cryptocurrency does not possess any 'supernatural powers' to be able to generate itself and send itself to those who need it. In the end it is greatly dependant on the end user whether he or she would like to help out others financially. The would be able to do this with any currency nowadays, whatever it may be.

[appon12]

Poverty is one of the reasons for the different States. Unemployment is high in the county  where poverty is high. The work  price is available when Bitcoin  operates  the tramon  institue. It is said  in the world's that Bitcoin is working in poverty  eradicating poverty.

[kpcian]

I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.

[South Park]

I think, bitcoin should be distributed evenly so that it can reduce and even eliminate poverty. The government played a major role in this.

Of course not, that is communism, communism has showed time and time again that it does not work, that it kills more people in times of peace than any capitalist country could in times of war, there are always going to be differences in income that is something we need to accept.

But it was pretty funny in communism.
Nobody was poor. We all had money.

We didn't have food to buy, no heat in winter, no hot water electricity shortages but by the book we were all employed with self sufficient wages.

Now the new trend is socialism but it works just as good as communism. Venezuela for example.

Lol, but you are right, communism tried to sell the idea that it works but it does not, now socialism is taking root everywhere but it is nothing but a toned down communism, at some point they are going to run out of money and when that happens, what is happening at Venezuela at the moment is the result, repression, arrest of political opposers, lack of products and services, this proves once again that there is not such a thing as a free lunch.

I think those were really a broad discussion for this matter mate,  but you're really awesome in explaining those ideas about ending world's poverty. Then nothing would happen if a person dosn't want to adopt the learnings on how he/she would learn everthing for bitcoin. It's so hard to motivate people if their minds were so closed and never open new doors for better opportunity in the future and here with bitcoin it's already revealed actually, and it's really promising as it will really help supress poverty but not totally removing poverty.

You are right, while bitcoin is new and revolutionary, the truth is that his process is very common, a new technology emerges and those that adopt it early and make use of it are the ones that benefit the most out of it, people then will regret not doing it but the truth is that if they were given the chance to do it they will fail to show up again.

[hahay]

Bitcoin does have a high value but bitcoin can not to end world poverty. World poverty could end if the government provides sufficient employment for its citizens and the company can pay for it with bitcoin if bitcoin is the best solution to end world poverty.

[batang_bitcoin]

I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.

It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.

[boris singer]

I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.

It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.

Minimal help reduce unemployment, many poor people who apparently have internet access even from the smartphone. Many paths if they really intend to wrestle with bitcoin. It all started with what they had at the time. They fall into the poor category because income is just enough for everyday needs and without thinking of long-term wealth.

[batang_bitcoin]

I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.

It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.

Minimal help reduce unemployment, many poor people who apparently have internet access even from the smartphone. Many paths if they really intend to wrestle with bitcoin. It all started with what they had at the time. They fall into the poor category because income is just enough for everyday needs and without thinking of long-term wealth.

They are the only ones that will be helped out and reach by bitcoin's help. I hate to say it but I feel sorry for those places that doesn't have access in internet and electricity, they aren't educated also on how to operate a computer. This is the reality about the world's problem about poverty.

[mostkey]

Yes, the end of poverty is education and the economic system that supports the people. The government is very important because it regulates that all regulations are from the government.

But in some countries the cost of education is very expensive, and for the poor they are very difficult to achieve higher education, because it will continue to grow ignorance and ignorance among the poor, before free education for them.

[mornabo]

I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.

It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.

There are many reasons why poverty is happening in the world and even though bitcoin comes it will not instantly eliminate poverty in the world. Behold there are many poor people who can not use the internet Even many of them are also lazy to learn, there are many problems that can not be solved with bitcoin