Can Bitcoin End World Poverty?

[Jewell]

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...

that is right bitcoin is not  magic that it can solve all types problems for you . it can assets you financially which can solve your financial problems upto how how, but not as total and for that you must work hard, bitcoin is just like currency which can only be use for solving your financial problems if you have a lot.

[Loepuenkyou]

i think bitcoin can incraese income bitcoin user
but bitcoin user is compare with total people population in the world is small
and USA still not yet regulation

[grape_tectonics]

Poverty is by design. In order for there to be rich people, there have to be poor people.

Traditional currency and especially the way it moves from person to person is also designed to help keeping some people rich which in turn makes some others poor.

I think cryptocurrencies help a little by taking one manipulative tool away from the ones with most power but its not enough by itself.

[freedomno1]

For me i think so..  


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

READ MORE:

Well it does help build mobile banking, its only a matter of how much ease of usage their will be for online banks to expand into new markets without country by country rules on how the banking laws are applied to them that stagnate their growth.
A Crypto bank would be easy to track in that sense as collateral and assets are uniquely controlled yet fungible.

[batang_bitcoin]

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

I will disagree, it is not just a payment system but it is now a popular investment which everyone is trying to invest. And if you invested to bitcoin earlier when the price is still not that high then now you had almost 1000% percentage profit. So I believe it can end a family's poverty but the world is big and its hard to believe.

[Dontme]

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.

Absolutely you are right. From the topic says that "World Poverty" that word means all of the people, every tribes and nations bitcoin can't ends the poverty maybe bitcoin can only help people who knows to use it and who knows to deal with it. How about the people who don't know about bitcoin? In this world over 100% only 60% people are already know about bitcoin. Im sure those in the rural places some of them are busy in agricultural how will they know about bitcoin when they are busy with their own businesses those of them are farmers. If this world knows all about bitcoin that was exactly bitcoin will probably end poverty.

[KennyR]

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

I will disagree, it is not just a payment system but it is now a popular investment which everyone is trying to invest. And if you invested to bitcoin earlier when the price is still not that high then now you had almost 1000% percentage profit. So I believe it can end a family's poverty but the world is big and its hard to believe.

Bitcoin has got multiple usability rather than getting used as a payment gateway. Recent days it's more popular as an investment. I need to ask what's meant by poverty. One who doesn't have the food and basic needs is the poverty. In this situation where he'll go for making an investment. So it can be eradicated if people were educated. So education can be provided by government. In this way a chained process might help, but when it comes to real time implementation it will be hard to get success.

[basesaw]

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

I will disagree, it is not just a payment system but it is now a popular investment which everyone is trying to invest. And if you invested to bitcoin earlier when the price is still not that high then now you had almost 1000% percentage profit. So I believe it can end a family's poverty but the world is big and its hard to believe.

Maybe it can end up corruption. We all know that bitcoin is a decentralized peer to peer currency and it has its specification that can audit all the transactions you have. it is stored on the data base and cannot be faked.

[Shinpako09]

For me, no. It's an endless problem. Poverty can only be solved(but not totally) by government and of course  especially themselves. They need to work hard and make a plan on their own to get out of poverty. If they are just sitting their and just waiting for someone help, nothing will happen. They also need to help themselves if they want to get out of poverty. Changes starts on yourself.

[Janation]

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

I will disagree, it is not just a payment system but it is now a popular investment which everyone is trying to invest. And if you invested to bitcoin earlier when the price is still not that high then now you had almost 1000% percentage profit. So I believe it can end a family's poverty but the world is big and its hard to believe.

Maybe it can end up corruption. We all know that bitcoin is a decentralized peer to peer currency and it has its specification that can audit all the transactions you have. it is stored on the data base and cannot be faked.

That is right, though, you can't say corruption because it talks mostly about governments, it can be a anti to crimes but not corruption. Corruption is all about getting or using the money in the wrong thing. When blockchain was invented, many people tried to use it for other things, and we all know that it can be used to other things especially to governments.

[Vishnu.Reang]

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

I will disagree, it is not just a payment system but it is now a popular investment which everyone is trying to invest. And if you invested to bitcoin earlier when the price is still not that high then now you had almost 1000% percentage profit. So I believe it can end a family's poverty but the world is big and its hard to believe.

Maybe it can end up corruption. We all know that bitcoin is a decentralized peer to peer currency and it has its specification that can audit all the transactions you have. it is stored on the data base and cannot be faked.

It will make corruption untraceable. If someone bribes a government official using Bitcoins, it will be almost impossible to prosecute him. He may be using a fresh Bitcoin wallet, so the chances are low that the anti-corruption people will be able to link the wallet to his ID. Also, anyone with his BTC address can transfer the coins. So there is no proof that the official asked for the bribe.

[Victorycoin]

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

A newbie idea indeed and I know a year later you'll distance yourself from such school of thought!

One of the high lights of Bitcoin happens to be the fact that it gave us opportunity to conduct peer to peer payments, bypassing any authority or clearance house. What that simply means is that geographical barriers are now out of the way and someone can transact with anyone, anywhere in the world and at a very reduced rate. Now that is a tool and essentially what is looked at, when we say Bitcoin can reduce poverty.

[batang_bitcoin]

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

I will disagree, it is not just a payment system but it is now a popular investment which everyone is trying to invest. And if you invested to bitcoin earlier when the price is still not that high then now you had almost 1000% percentage profit. So I believe it can end a family's poverty but the world is big and its hard to believe.

Bitcoin has got multiple usability rather than getting used as a payment gateway. Recent days it's more popular as an investment. I need to ask what's meant by poverty. One who doesn't have the food and basic needs is the poverty. In this situation where he'll go for making an investment. So it can be eradicated if people were educated. So education can be provided by government. In this way a chained process might help, but when it comes to real time implementation it will be hard to get success.

Yes just like what I said. It will only hard to get success if most of the people will doesn't have something to earn or doesn't have a living. That is making poverty. But because bitcoin creates, investments and it also creates employment it's helping to reduce the poverty in so many ways.

[Wowcoin]

I think bitcoin can not end poverty why? As you can see many people are have NO knowledge about bitcoin and many are not using gadgets and even an internet. That is the main reason why bitcoin can not end poverty.

[Tyrantt]

I think bitcoin can not end poverty why? As you can see many people are have NO knowledge about bitcoin and many are not using gadgets and even an internet. That is the main reason why bitcoin can not end poverty.

Just wait for some time, years to pass, for the younger generations that are into technology more to replace the current one and there should be a significant step forward for bitcoins way into mainstream. Also, bitcoin may not end poverty all over the world but might end poverty for individual persons.

[ModGirl]

I believe that it can remove the poverty of the world if the people are educated and will know to use he technology of bitcoin which is not a problem and hard for anyone. They if start to use bitcoin then they will earn a bigger amount of money from their home and will start their own businesses.

[CyberKuro]

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.

Agree, as I always said: bitcoin is just a digital currency which been using for many purposes but it's meant to be a medium of exchange. Just like any other fiat currencies which can not change world to end poverty, it should start from the person who wants to change and trying to get out of poverty. Bitcoin provide some opportunities to do that, as long as people struggling to achieve what they want.

[bitcoinvestor]

For me i think so.. 


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

READ MORE:

I prefer to say reduce poverty. Bitcoin gives opportunities for everyone to make money online. Because of bitcoin now ,there are altcoins and ICO. Some new developers now become millionare because of bitcoin. WHy bitcoin? Their new tokens and coins are exchanged to bitcoin then exchanged with million dollars fiat.

[Potato Chips]

I believe that it can remove the poverty of the world if the people are educated and will know to use he technology of bitcoin which is not a problem and hard for anyone. They if start to use bitcoin then they will earn a bigger amount of money from their home and will start their own businesses.

It's not just about knowledge. there are a millions of people who can't even afford a clean water and eat three time a day. you really think they can afford a cheap gadget or even

rent a computer?. Lets face it, bitcoin is not accessible to everyone. To help reduce the global poverty someone should lend a hand and bring the horse to the water not just

bringing the water to the horse. i believe that the government is the one who can do this.

[zz0233]

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.

Yes, I think Bitcoin can not be rich for all, but it does not violate the value of it, I think that after many years, it will make some people rich.