Can Bitcoin End World Poverty?

[stompix]

I agree with you to some extent. I agree that bitcoin has great potential to change the world completely. It will soon eradicate poverty from the face of earth. It’s not gambling. It has proper analysis system and those who have good knowledge of mathematics earn good from bitcoins.

It will eradicate s****t. Oh sorry. I mean s****t!
How the hell will bitcoin eradicate poverty?

With close to 1 billion people not having enough money to buy a single mBTC you think that by magic if everyone buys BTC everyone will be rich.Really?

Call me in 2100 and tell me if bitcoin has eradicated poverty. And maybe while it is stii at it it can also deal with climate change, HIV and maybe cancer.

[louisedem]

Although bitcoin is a potential coin,it could not end world poverty since its supply is limited to only 21 million coins.It has transformed the lives of many people but still it is highly impossible to eradicate poverty from the world.But it could atleast change the life of some poor people.

It is true, bitcoin will never be able to end world poverty, because besides the number of bitcoinbyang is limited in addition, many people who do not understand about the use of bitcoin. Maybe only some of us who understand the tramp of crypto that can maximize this

Definitely true, bitcoin is money , money dont change or stop phenomenon at all, its either to improve something or something worse will happen , its constantly depends on the perspective of the beholder if he's going to use it efficiently or not, but in the nutshell bitccoin can provide tons of money but it cannot change everything.,

[infer]

It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.

It will not provide anything and I believe that bitcoin or even other coins can never solve this issue. Poverty is not only a big issue but it is also a main thing which connects to humankind. If there is not poverty, there will be no human

[Ultegra134]

It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.

It will not provide anything and I believe that bitcoin or even other coins can never solve this issue. Poverty is not only a big issue but it is also a main thing which connects to humankind. If there is not poverty, there will be no human

Correct, a percentage of poverty will always be present, the same thing goes with unemployment. Bitcoin cannot solve or even alleviate the impact of poverty, 
the only thing it can do, in rare and individual cases, to make you earn an extra income. For example, if I'm taught about mining, I might be able to make some
extra money, but that's a whole different thing which has nothing to do with poverty.

[Gaff]

It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.

It will not provide anything and I believe that bitcoin or even other coins can never solve this issue. Poverty is not only a big issue but it is also a main thing which connects to humankind. If there is not poverty, there will be no human

Correct, a percentage of poverty will always be present, the same thing goes with unemployment. Bitcoin cannot solve or even alleviate the impact of poverty, 
the only thing it can do, in rare and individual cases, to make you earn an extra income. For example, if I'm taught about mining, I might be able to make some
extra money, but that's a whole different thing which has nothing to do with poverty.

That's too broad. Poverty is a serious case in the society in which we live in. It doesn't rely on the case of bitcoin for it's totally different. The main reason why some people get interested in bitcoin is that they have an extra income using it. Using it alone without other support is quite difficult too. We have to survive on a daily basis and much more in making some money everyday counts for survival. It's impossible that poverty will end in our country.

[fasdorcas]

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.

bitcoin has provided opportunities to millions of people not to just some wealthy dudes. It has made many poor people rich. Capitalism and open market system is an enemy to end poverty while bitcoin is a chance an opportunity to grab. You can rather buy and hold or you can work online and earn through advertising. So bitcoin is contributing a lot to provide an alternative to control poverty.

[Rizky Aditya]

For me i think so.. 


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

READ MORE:

I really think it will not entirely end poverty, because if a person does not have such knowledge in such feat I think it is very impossible for someone to just invest in bitcoin and hope it will take a leap up then boom your investment will automatically just make you a billionaire, It will really take a serious teachings to someone to really understand bitcoin, well a 12 year old become a billionaire because of bitcoin because he has skill and knowledge with it, but for a country to get up to poverty I think poverty will never end even in the richest and largest countries will always have poverty.

Well, i really don't think that using bitcoins will end the poverty because that's kinda massive. To end the poverty of a person using bitcoins, they need to have skills and knowledge about bitcoins first and starting it from now will be a good advice. And if you are saying that the country needs to get up to poverty? well that is very hard to achieve because even the the rich people become poor because of so many reasons.

That’s quite realistic approach towards the question. I do agree with you. Bitcoins can’t completely eradicate poverty from the face of world but can reduce it to minimum level where it’s easy for governments to get over it. Complete disappearance is only possible in Utopia.

[stompix]

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.

bitcoin has provided opportunities to millions of people not to just some wealthy dudes. It has made many poor people rich. Capitalism and open market system is an enemy to end poverty while bitcoin is a chance an opportunity to grab. You can rather buy and hold or you can work online and earn through advertising. So bitcoin is contributing a lot to provide an alternative to control poverty.

Exactly the opposite.
In communism and socialism we were all poor. Trust me as I lived for long years in a former communist country.
And now only 6% of the population is below the poverty line.

And bitcoin, bitcoin is the definition of capitalism.
Who has money to invest will make more money, who is dirt poor and has no money  he will still be dirt poor.

[Colt22]

I don't get it. Why do people post stuff like this. Bitcoin is not some magic method to rid the world of poverty. It is just a cryptocurrency. It is like every other currency other than the fact that it is decentralized. I don't see how this can aid poverty. The only way to get rid of poverty is by doing more philanthropic works like charity and providing aid to countries and people in need. Bitcoin cannot do this any better that fiat and the developed governments in this world. If fact, governments like the US, Australia and other developed countries have a better chance of reducing poverty than Bitcoin.

Because people have unrealistic expectations out of bitcoin, or because they do not really understand bitcoin at all, bitcoin can help us make money, but it cannot help everyone, especially those that do not even have access to the technology to use bitcoin on the first place.

Yes that’s true people are  expecting too much from bitcoin while they do not have fine source of internet with them if one person really want to get rich and want to get rid of his poverty he must have internet connection first then he will be able to start earning through bitcoin.

[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.

People are thinking about that and we have to think it normally because people already give a special value about bitcoin so in their minds it is possible that bitcoin ends world poverty. But the thing is bitcoin can't do that. It is difficult and hard that bitcoin can truly ends the world poverty, it takes long process to be done before that thing happens. Maybe if all nations accept already bitcoin as their money then that was possible be done soon.

[Matimtim]

Definitely no, Bitcoin can end the poverty of a person who knows bitcoin, but to those who don`t know about bitcoin on how to earn bitcoin the poverty is always there.

[Karmakid]

Possibility will be, but not as good, it was depend on the community that bitcoin has, if they help others i think it can be good and less the poverty but unless if they not, it can't. Bitcoin is a money like fiat but in different term, many workers but still community doesn't figure how this poverty will be solved, for my opinion poverty came because of population, if population rise also the demand which will be cost high . Without poverty there is also no rich. Povert keeps people work and work for there needs, bitcoin is like work which give you profit so you will not be a poor or have poverty life. So my answer, bitcoin can cured this poverty.

[Idrisu]

I don't think bitcoin can help end world poverty as poverty is not currencies but a set of values and a product of laziness and slothfulness. I think we can all be rich, prosperous and wealthy if we can work hard intelligently. Bitcoin on the other hand is a reward for hard work it may be through services like signature campaign, programme and others online services or selling of goods and investment.

[mornabo]

It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.

Of course it will be impossible to solve, because not everyone in the world will use bitcoin let alone poor people who do not understand the internet and certainly do not have gadgets to use bitcoin. This is an impossible task to be solved by bitcoin even the government though

[Shiller2009]

Bitcoin can not end poverty all over the world, but it can help a poor person become rich. It's the same currency as everyone else and it needs to be earned or bought.

[TonixGaming_14]

Definitely no, Bitcoin can end the poverty of a person who knows bitcoin, but to those who don`t know about bitcoin on how to earn bitcoin the poverty is always there.

Poverty cannot be solve by Bitcoin coin because our world is full of poor, and country have corrupt official. , Bitcoin can earn by part time not save the end world Proverty.

[passwordnow]

For me no... because bitcoin is simply just a currency unlike other real currency like dollars... have you seen dollars end world poverty.. No... But bitcoin does offer good ROI if you buy it and sell high

The world is big and I doubt too that bitcoin will end poverty. Only few people will benefit on fighting poverty with bitcoin. But once the government started to educate people about bitcoin, I guess this will help their citizens to have a better way to fight poverty and just spread the word all around the world.

You can really help spreading the word by means of communications and social media can be our bridge beyond our troubled life of proverty nowadays. Actually poverty is a daily part of our lives since we are kid but to make a clearer overview that it's not the fault of our parents that we're in poverty but It's our fault if we die enheriting poverty or direct term as poor person. With that dedication and hardwork and through your motivations of bitcoin, I am confident that we'll supress proverty around thr world but we cannot end it up totally.

Poverty has been existing and it has being pass to the next generations. Even if we spread the word by social medias and other means of communications. How about those poor countries and places that can't even touched an old nokia phone since they grow old? This is the reality about life.

[Rostadom]

Definitely not. While some people find bitcoin as something profitable, that's not the case to other people. This is all a zero sum game. As you're earning money, somebody out there is losing money. We're basically just increasing the pot stake by converting our fiat into bitcoins. After that, we're all basically just taking away money from each other.

Bitcoin can end world poverty. It might be profitable to some, but that will not be the case to all. Just like all the other money making method in the world. Plumbing, for example, is profitable to people that knows how that business work. If I start doing plumbing, I wouldn't make as much as them simply because I don't know it at all. If we all start doing plumbing, it would stop being profitable because everyone's already doing it. This is the same case with bitcoins.

World poverty just can never end. There will always be people that will do major mistakes in life that would lead to them becoming poor.

[ReindeerOnMe]

For me i think so.. 


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

READ MORE:

If bitcoin will end poverty, it started maybe 5 or 6 years ago.

[stompix]

Definitely not. While some people find bitcoin as something profitable, that's not the case to other people. This is all a zero sum game. As you're earning money, somebody out there is losing money. We're basically just increasing the pot stake by converting our fiat into bitcoins. After that, we're all basically just taking away money from each other.

Bitcoin can end world poverty. It might be profitable to some, but that will not be the case to all. Just like all the other money making method in the world. Plumbing, for example, is profitable to people that knows how that business work. If I start doing plumbing, I wouldn't make as much as them simply because I don't know it at all. If we all start doing plumbing, it would stop being profitable because everyone's already doing it. This is the same case with bitcoins.

World poverty just can never end. There will always be people that will do major mistakes in life that would lead to them becoming poor.

Let me see if I get this.

Definitely not, bitcoin can end poverty, world poverty will never end.
You're doing more flip flops than Donald Trump.

maybe but.its hard to understand what its bitcoin for beginners like me. reading many blogs can help but for me it take days for understand. and we dont know site that are legit or fake!!

It is hard to understand?
We'll you got the first step right, open a bitcointalk account , post 1 liners in probably one week I'll see you with a campaign sig.

It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.

It will not provide anything and I believe that bitcoin or even other coins can never solve this issue. Poverty is not only a big issue but it is also a main thing which connects to humankind. If there is not poverty, there will be no human

Correct, a percentage of poverty will always be present, the same thing goes with unemployment. Bitcoin cannot solve or even alleviate the impact of poverty, 
the only thing it can do, in rare and individual cases, to make you earn an extra income. For example, if I'm taught about mining, I might be able to make some
extra money, but that's a whole different thing which has nothing to do with poverty.

You can learn anything you want about mining but won't solve your problem.
To start earning from mining you first need capital to invest in gear.
So it means that from the start your are not poor as you can afford those.