Can Bitcoin End World Poverty?

[KnightElite]

For me the poverty is can't be end. Think about it, there is no country in the world that has no poverty. Poverty can't be end but poverty can be lessen. Bitcoin is not the answer to end the poverty, the government is the answer to lessen the poverty.

[NathanJB]

No amount of bitcoin or dollar or any wealth for that matter can end the extreme world poverty if people remain greedy. What is bitcoin or any fiat currency if these are held by people who don't have any plan of sharing them to the poor ones. World poverty has been here ever since the world began. People have invented so many things since then. Rich ones are buying things that fly and can transport them from one place to another in an hour but many in Africa have died without ever tasted a clean water.

[Clavulanic]

For me the poverty is can't be end. Think about it, there is no country in the world that has no poverty. Poverty can't be end but poverty can be lessen. Bitcoin is not the answer to end the poverty, the government is the answer to lessen the poverty.

Well that makes sense at all and I believe poverty will not end if people around the world will always be lazy specially those young people around us who kepts on roaming around just wasting the entire day fir nothing. With bitcoin econonomy it will help peiple around the work to end it by means of hardwork like having investments holding funds on their wallet and wait for the price increase. So we must maintain a good standard of living anf positive attitude towards work on digital currency.

[YuginKadoya]

For me the poverty is can't be end. Think about it, there is no country in the world that has no poverty. Poverty can't be end but poverty can be lessen. Bitcoin is not the answer to end the poverty, the government is the answer to lessen the poverty.

Well that makes sense at all and I believe poverty will not end if people around the world will always be lazy specially those young people around us who kepts on roaming around just wasting the entire day fir nothing. With bitcoin econonomy it will help peiple around the work to end it by means of hardwork like having investments holding funds on their wallet and wait for the price increase. So we must maintain a good standard of living anf positive attitude towards work on digital currency.

I don't think digital currency is the solution to this kind of problem, well Cryptocurrency really is reliable in some kind of a situation base on your income status, but it is not a solution to poverty, I think the only solution is Education all over the world people that doesn't have a decent education ending up roaming the city and some ending up to be beggars their whole life and I think we should focus more on to street children and give them knowledge about certain things and how to read and write that basic things are needed to apply for a work is a common thing to have a decent work, and there are a great percentage of people in the whole world living their life with no read and writing knowledge and if people like that could have knowledge from the basic then I think that is the best have Cryptocurrency will also apply to them.

[HashieNewb]

Definitely true though bitcoin can affect economic issue. Poverty will just be ended if there is no currption and people has a will, otherwise no matter what help was given, nothing will happen.

Bitcoin won’t end Poverty. There’s a bunch of babies born each day, if there’s a million dollars for every baby born each day of the month then Bitcoin would have to make over $xxx,xxx,xxx+ per month. That does not include the people that are old and have no money within their bank accounts.

[Victorycoin]

Definitely true though bitcoin can affect economic issue. Poverty will just be ended if there is no currption and people has a will, otherwise no matter what help was given, nothing will happen.

Bitcoin won’t end Poverty. There’s a bunch of babies born each day, if there’s a million dollars for every baby born each day of the month then Bitcoin would have to make over $xxx,xxx,xxx+ per month. That does not include the people that are old and have no money within their bank accounts.

All the monies in the world sure would not be able to end poverty, because poverty is a choice and only responds to positive actions and renewed mind setup, which is the message of the article. It suggests that Bitcoin is an enormous tool open to even less privileged people, to put to use and re-write their history and said absolutely nothing about handing out Bitcoin to people as a way of ending poverty.

As a matter of fact, giving arms or money to people is not a true way of bringing people out of their situations, what does the magic and will continue to is the empowerment of those with the desire to succeed or to be free, anything outside of that will remain a wild goose chase!

[Quicksilver143]

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.

Yeah right dude...  Bitcoin is just only a bitcoin not a magic wand that make your problems disappear even the problem of the world.. It depends on the people who are living with many situation on how they handle it..   In case of bitcoin,  yes it helps our financial  problems but poverty, i dont think so... It can also lessen the poverty problems in our world so just be real dude...

[tanghere02]

I don't think bitcoin can end world poverty not unless those bitcoin holders are willing to give the poor people their bitcoin then it will be possible, but the big question is are we/they willing to spare a little amount of our/their bitcoin and share it to them???

[graysoon]

Don't speak for world scale, maybe try in your neighborhood
Poverty problem in the world always present no one can solve/end that.

[Dudeperfect]

We must understand the fact that bitcoin is not a magic wand, it won't end the poverty itself. It is just a technology with better solutions to the limitations in fiat system thus it provides more opportunities to anyone from any corner of the world. It provides equal opportunities to everyone who is using it so the if we the users could use it more effectively then yes, it can end poverty.

[Victorycoin]

I don't think bitcoin can end world poverty not unless those bitcoin holders are willing to give the poor people their bitcoin then it will be possible, but the big question is are we/they willing to spare a little amount of our/their bitcoin and share it to them???

Where did you get that crap from? If all the wealth of the world is today shared equally among all the inhabitants of planet earth, it would be only a while and with not one single gun pointed or shot and majority of people's share will flow to few others and so would that of many countries the reason being that those few have factors of production attracting money from others, and it is as simple as that even until the end of the world.
 
For people anywhere to break free from poverty, which is very possible, there must be a shift from outright consumers to people who could add genuine values to life, only in doing so, would poverty be shown the door. What's more Bitcoin is a leveler for anyone willing to put it and its technology to work.

[Gheka]

Actually, I think Bitcoin can not ending poverty in the world because it is not god, it does not have the capacity to do so. In many years, the governments of countries around the world also want an end to poverty but until now they still could not end this problem, the government can not, bitcoin is just a virtual currency, how can it do that. Bitcoin can only help the lives of many people to become better, it can not help the whole world, in life will have the rich and the poor, this is the balance of society, no one can change that

[White Christmas]

Well it not just easy as that, it should have process to begin with and and the main is to educate the whole world about bitcoin. It's not also easy that the whole world will embrace bitcoin because not all of us is the same way of thinking. Many will favor but much will hate but for them to better understand that bitcoin would really end world poverty they must first understand what it means and its goal.

I never see that to happened because as what you have said, everyone have different way of thinking about one thing. I think bitcoin cannot end the world's problem which is poverty. If we want to end poverty let us start to fixed ourselves because if we didnt noticed every problem in the world was started by any individual. If we know how to act well then it will not be easy this problem even it is big or small. Most of the time poor only depend on what other will give to them and they didnt even exert an effort to escape in that kind of life.

[NoNetwork]

I agree that Bitcoin could resolve "one's" poverty, but I disagree that Bitcoin will resolve "world" poverty.

I'm not being pessimistic about the potential of Bitcoin but the thing is, the way people see poverty is those who has nothing; no clothing, house, food etc. that are obviously necessities.

But if these people have those I've mentioned, by having an average earning of money(and what I mean about average is the normal salary rate), then they're do not belong to the poverty section anymore, because they already have what are needed.

We always classify people to 'how much they earn', what luxuries they have; these vehicles, houses, gadgets etc. that are not necessities at all.

My point is there will be no equality, someone will always gonna be at the bottom. Even if all people are 'rich', there will always be the poorest one even if that person is also filthy rich like the rest of them.

[Eclipse26]

bitcoin is just money, and like any other moneyz it can not do magical things on its ow. people can use it as a tool to make more moneyz an make themselves richer by increasing their net worth but to expect bitcoin to end world's poverty is just absurd in my opinion!

Exactly, bitcoin was only be a tool but not the solution to end poverty in the world. Honestly speaking poverty can be solved by starting to do an action on it. Everyone must need to work for it. Why world experienced poverty? it because of human. so the solution for will start in human too. Let us start fixed ourselves first then after that it would be easy for everyone to end it. Let us be united in solving this problem and do not relay on bitcoin because this cant end poverty.

[PokerFace3]

If each individual person can't manage their finances, Bitcoin can't end world poverty. Everyone could have a opportunity in life to save money, invest it, grow the money and have a better life status, but it doesn't happen.

- First of all, if you don't stop making children, your month expenses will become even higher, you won't have the chance to save money, you won't upgrade your life status and won't give confort to your family.
- Second, if you waste money with desnecessary items like cellphones, expensive clothes, accessories, gifts you won't save money.

I'm not saying you can't have all of those things, you just need to know the right time to have that, first you need to save your money, invest it (in Bitcoins), hold your coins, when the price hit a nice value, sell part of your coins and invest in real life, open a little shop, start a production of a good at home. Only this way Bitcoin can help to end world poverty, only if people are able to manage their money and their actions.

Yes there are many factors involved in spreading the poverty, the children birth ratio is one the factor that keeps people in a circle of poverty and they can’t free themselves for getting out of the poor situation. Also the country strategies are very important.

The poverty is reduced by the increase in per capita income and if your government is not taking any steps to increase financial activities for the increase of per capita income you can never break the ring of poverty. So if you are allowed to use bitcoin legally throughout the world you can definitely overcome the poverty.

[Donaldturp]

Actually, I think Bitcoin can not ending poverty in the world because it is not god, it does not have the capacity to do so. In many years, the governments of countries around the world also want an end to poverty but until now they still could not end this problem, the government can not, bitcoin is just a virtual currency, how can it do that. Bitcoin can only help the lives of many people to become better, it can not help the whole world, in life will have the rich and the poor, this is the balance of society, no one can change that

For the summary of your statement, I agree with you in that bitcoin can't stop poverty. But my reasoning is different. I just don't think bitcoin has such a mission to stop poverty that's all. Bitcoin is just an asset.

[Proton2233]

If each individual person can't manage their finances, Bitcoin can't end world poverty. Everyone could have a opportunity in life to save money, invest it, grow the money and have a better life status, but it doesn't happen.

- First of all, if you don't stop making children, your month expenses will become even higher, you won't have the chance to save money, you won't upgrade your life status and won't give confort to your family.
- Second, if you waste money with desnecessary items like cellphones, expensive clothes, accessories, gifts you won't save money.

I'm not saying you can't have all of those things, you just need to know the right time to have that, first you need to save your money, invest it (in Bitcoins), hold your coins, when the price hit a nice value, sell part of your coins and invest in real life, open a little shop, start a production of a good at home. Only this way Bitcoin can help to end world poverty, only if people are able to manage their money and their actions.

Yes there are many factors involved in spreading the poverty, the children birth ratio is one the factor that keeps people in a circle of poverty and they can’t free themselves for getting out of the poor situation. Also the country strategies are very important.

The poverty is reduced by the increase in per capita income and if your government is not taking any steps to increase financial activities for the increase of per capita income you can never break the ring of poverty. So if you are allowed to use bitcoin legally throughout the world you can definitely overcome the poverty.

I'm not sure that you are right. The more people on earth the more demand for various products. This in turn requires workers. Therefore, the cause of poverty is quite different. Just in the unjust allocation of financial resources.

[hancor]

No, bitcoin is just a decentralized peer to peer payment system in shortly. It is not for to solve poverty

[pixie85]

There are ways in which the usage of Bitcoin can help in the reduction of global poverty. One major use is in the remittance sector. Poor immigrants from Africa and Asia spend as much as 15% of their earnings in fees to Western Union / Moneygram, to send money to their families. Bitcoin can reduce this to 2% or 3% of the total amount.

But how many of those poor immigrants have jobs?

Of almost 163,000 people who applied for asylum in Sweden last year, less than 500 landed a job, according to a report by a Swedish public broadcaster.
https://www.thelocal.se/20160531/fewer-than-500-of-163000-asylum-seekers-found-jobs

The money being sent by them is negligible, it's like a grain of sand on a beach.