Can Bitcoin End World Poverty?

[Oceat]

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.

Yes bitcoin essentially is very important for investments and because it makes huge profit margins, it can also be used to end poverty. Another point is that it can reduce unemployment. People with no jobs can always get jobs online depending on the skill they have and earn money in bitcoin.

Yes it is very important to many investors because it is a volatile asset and increase it price through time. But saying that it will end poverty? I don't think so, bitcoin is just a digital currency, yes, there will be a small amount of people who will be getting their jobs online,  but it doesn't mean that they earn bitcoin from it they will be rich as you've said, it will all depend on their skill not on earning bitcoin.

I don't think so if bitcoin will ever end the worldwide problem since a lot of people is not good in computer specially on those rural areas. Where the technologies is very limited but perhaps some of them know how to use some gadgets but is very little compared to urban areas, were a lot of beggars. Some of them are disabled person, some are homeless, etc., if the government could help those people i think it could help to lessen the people who are in poverty.

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[earthpocket]

No sir, in fact ending world poverty is impossible. Not at this time and moment, it's just too late.

[Savemore]

No sir, in fact ending world poverty is impossible. Not at this time and moment, it's just too late.

You're right. Bitcoin can't end the poverty. You are also correct that it is really impossible to end the world poverty. Bitcoin is not a answer to end the world poverty but bitcoin can lessen the poverty.

[BeGoods]

No sir, in fact ending world poverty is impossible. Not at this time and moment, it's just too late.

At least that will reduce the amount of poverty in the world, in fact I am including the poor in my country. My previous earnings were only about less than $ 200 / month (I'm including the poor) and luckily I joined and worked at bitcoin and it was very helpful to me

[BlockEye]

No sir, in fact ending world poverty is impossible. Not at this time and moment, it's just too late.

At least that will reduce the amount of poverty in the world, in fact I am including the poor in my country. My previous earnings were only about less than $ 200 / month (I'm including the poor) and luckily I joined and worked at bitcoin and it was very helpful to me

It will really beneficial to us who needs extra income,whose salary were not enough for us to sustain our wants especially are needs,it might not end World Poverty but those who have already got a life or earnings from btc if they have extra we can help the poor and make a change for their lives too.

[espante]

No sir, in fact ending world poverty is impossible. Not at this time and moment, it's just too late.

At least that will reduce the amount of poverty in the world, in fact I am including the poor in my country. My previous earnings were only about less than $ 200 / month (I'm including the poor) and luckily I joined and worked at bitcoin and it was very helpful to me

Just because you have earned well on it doesn't mean its reducing poverty. Bitcoin doesn't exactly bring any change to efficiency, the same way the dollar or euro doesn't reduce poverty.

[keeee]

For me i think so.. 


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

READ MORE:

Everything is possible if there is application. Eliminating poverty using bitcoin will do if everyone knows it and how to use it. I believe that today we already experiencing the process of eliminating poverty because many people have given the opportunity to have an income even it is not a stable job. But it doesn't mean that we will not look for a stable job because of bitcoin...

[Sled]

For me i think so.. 


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

READ MORE:

Everything is possible if there is application. Eliminating poverty using bitcoin will do if everyone knows it and how to use it. I believe that today we already experiencing the process of eliminating poverty because many people have given the opportunity to have an income even it is not a stable job. But it doesn't mean that we will not look for a stable job because of bitcoin...

It is impossible for bitcoin to end world poverty because even everyone knows bitcoin then it is not that easy for all the people to earn bitcoin because there will be a lack on supply and that is why bitcoin is not for everyone because of its limited supply so i think it is best if other people will use and grab bitcoin while it is not that popular in different country and people.

[hajimasan]

For me i think so.. 


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

READ MORE:

I also think that Bitcoin will destroy the poverty of the poor people because here I myself when joined this business of the Bitcoin than everyone was looking impossible and I was dreaming to make 2-3$ per month but today I am making 200-300$ per  month easily which is like a miracle .
So more better thing for the poor persons to join Bitcoin and start Thier life with the Bitcoin as an part time job and if they get success then use this field to make money with full time work .
But honestly here  we need to do better amount of mental hardwork otherwise we will get loss instead to make money .
So if you have a moderate working mind then try once if you have no money , And with this slogans anyone can remove the word poverty from his life and finally a world will be in our life where no one will remain poor .

[bitcoinvestor]

No sir, in fact ending world poverty is impossible. Not at this time and moment, it's just too late.

At least that will reduce the amount of poverty in the world, in fact I am including the poor in my country. My previous earnings were only about less than $ 200 / month (I'm including the poor) and luckily I joined and worked at bitcoin and it was very helpful to me

I feel the same. Bitcoin give more oppotunities to make money online. I used to be an adsense blogger that earn payment for about six month for $100. By joining bitcoin community and learn about trading , now I can make more than $200 a month. That's one of the biggest earning for me since I became a blogger.

[hatshepsut93]

World poverty is a very complex issue, which requires complex solution, you can't magically apply Bitcoin and get everything fixed. It would require tremendous effort in education, finance, law, infrastructure spheres and dozens/hundreds years of time to end the world poverty. Western countries are wealthy because their civilization had thousands years of growth and progress, while third world countries started changing relatively recently. But Bitcoin can definitely help to some small amount of people, and it already does so.

[ScriptYoYo]

No. Bitcoin can help to get additional income only for those who have the Internet, but it can not improve the financial situation of all people as well as other currencies.

[ASHLIUSZ]

World poverty is a very complex issue, which requires complex solution, you can't magically apply Bitcoin and get everything fixed. It would require tremendous effort in education, finance, law, infrastructure spheres and dozens/hundreds years of time to end the world poverty. Western countries are wealthy because their civilization had thousands years of growth and progress, while third world countries started changing relatively recently. But Bitcoin can definitely help to some small amount of people, and it already does so.

Yeah, that's very complex. If poverty is not there in a country then the country is nearing to the grown stage. In reality even the first world countries have people who are below poverty. What they do is just hide it with their growth in other form. Country without people in poverty is possible on dream. Bitcoin might run a food chain, but that can't eradicate poverty.

[NoNetwork]

Bitcoin, introduced in a standard manner, as it is now, is going to follow the 80/20 rule, 80% of the money will be held by 20% of the people.  Currency is not the poverty issue, it is a deeper societal issue that cannot be solved with FIAT, or Bitcoin or any currency.

That is quite correct, they always consider Fiat as the main reason of poverty.  But that is not true, if the country can provide all the necessities of its people then they will no longer be considered  as poor.

Because fiat is somehow in another matter, well it will be a main factor of 'development' yes, but considering fiat as a factor of poverty doesn't make any sense right?

[Janation]

No. Bitcoin can help to get additional income only for those who have the Internet, but it can not improve the financial situation of all people as well as other currencies.

That is right, bitcoin will never be a way to end poverty, but yes, it will be a way for other people to earn extra income from converting their bitcoin into fiat. There are posts where people are saying that bitcoin will help the economy of one country, which I think is true. Bitcoin is a good source of extra income for the students and people who is currently unemployed.

[andloveme]

Bitcoin, introduced in a standard manner, as it is now, is going to follow the 80/20 rule, 80% of the money will be held by 20% of the people.  Currency is not the poverty issue, it is a deeper societal issue that cannot be solved with FIAT, or Bitcoin or any currency.

That is quite correct, they always consider Fiat as the main reason of poverty.  But that is not true, if the country can provide all the necessities of its people then they will no longer be considered  as poor.

Because fiat is somehow in another matter, well it will be a main factor of 'development' yes, but considering fiat as a factor of poverty doesn't make any sense right?

Precisely. Basically same rich country natural resource but poor country, the very small group of elite rich people own 99% of the wealth

[Kronos21]

Countries with commodity-dependent economies are usually poor. This is not only because those in power are thieves, but because the raw material is too low value. For example you can pounds mine diamonds, but one beautifully crafted and advertised a diamond will cost more.

[franco123]

I doubt that it will. Bitcoin helps in such a way that it is another option for source of income or investment. Again, it is just an option. An alternative. A lot of options were already present. May it be in digital income or not. The real deal is that world poverty can only be ended when people will change.

First of all with the people in the poverty line, they must change the way of their living by not entrusting everything in the government. One should really work hard to earn cash. A lot of work are already available one should just do his or her part on working hard. Second, the government themselves should also change. Corruption is present in all political divisions. If only it could be lessen, or even eliminated if possible, the money that is allocated for the people in poverty line could be utilized well in providing them job opportunities or educational loans.

[nejibens]

Bitcoin can help surely to fight poverty, but i don't think it can end it. Bitcoin and crypto currencies are digital and you need at least a computer (or phone) and internet connection to earn and deal with such currencies, and this things aren't available worldwide for poor people as known.

[South Park]

If anything the inequality is getting higher every year the richer are getting richer and the poor are getting poorer, bitcoin is money, and the only purpose of money is to facilitate trade, the mission of bitcoin is not to end poverty, that is not going to be possible at all since that is the way our economic system is designed, there are winners and there are losers.