Can Bitcoin End World Poverty?

[hurain]

For me i think so.. 


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

READ MORE:

I think Bitcoin only makes rich people richer and richer because the poor are not able to access Bitcoin's technology and trading methods so they can not get rich. On the other hand, They invest in BTC, which makes them richer or not

bitcoin is providing opportunities to  all the people either they are poor or rich, in fact they are providing opportunities to the people to earn bitcoin through providing different services or through trading and investment depending on your interest and on your experience.

[Labumi]

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.

Correct, that is why many people want to emigrate to the US, that is one of the few places where the only thing you need is an idea and the will to make it a reality, in the US there are a lot of stories of people that were very poor and due to hard work and perseverance were able to become rich.

Haha, it does become one of the true thought to be real. For all the success comes from a dream and if we have the desire can be ensured already very hard'll could grab those dreams, but you need to know that America is not one of the last options in becoming a rich man. Because all the places can give us wealth if indeed we have the power or the right thoughts, so all the success that comes from the opportunities that exist. If you can take advantage of opportunities with good, certainly later will benefit and success
 

[South Park]

Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.

Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.

If governments don't get on board people simply won't care anymore down the line. There's trillions in offshored money because people are unhappy with the way tax money is being used (wasted). If tax was more transparent and citizens had a word in what is happening with their money, they would not only be happy to pay tax, but those who are well off would even donate. If this doesn't happen however, people will simply pull most of their money out of the system.

This is one of the issues, people don’t feel their taxes are used in the way they want and for the purposes they care the most, this is why there are many that do their best to pay as little as possible when it comes to taxes this hurts the government but the truth is that governments of the world are simply too big.

[BCTalkaccountforsale]

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.

I agree with your opinion, bitcoin is the easiest way to make money but it is only easy for people who know it and know how to make money from it. If the poor are not aware of the bitcoin, then no bitcoin could eradicate poverty.

[noictib]

For me i think so.. 


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

READ MORE:

Since I already made many research about the capacity of the Bitcoin  and at last I found something like the one ,.that Bitcoin can help the country 's regardless of the conditions , but in reality I realise was much different because I seen that there are lots of sites but out of them the best option to make earnings is trading , but what is trading actually , this is nothing but a money rotation ( think about the money that we can make from the trading , is coming from where ) . Ofcourse this is money rotation but overall no one can understand about it but who have mind then he can make profit in this field . Otherwise newbie only will.koss Thier money .

[Theb]

I don't think so. Poverty is some kind of personal thing, people have all their lifetime in order for them to get out of the rat race. Most governments provides free education and subsidized projects, what I see is that people who really want to be rich has always the chance to be one. I am not blaming the poor but they can do something like to work hard and save their earnings. Also if they discovered Bitcoin like a year earlier they could be earning by now online, also I don't think that it is possible to aid all poor people when it comes to earning online as some of them lack the capacity to operate a computer or any gadget.

[Nalien]

Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.

Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.

If governments don't get on board people simply won't care anymore down the line. There's trillions in offshored money because people are unhappy with the way tax money is being used (wasted). If tax was more transparent and citizens had a word in what is happening with their money, they would not only be happy to pay tax, but those who are well off would even donate. If this doesn't happen however, people will simply pull most of their money out of the system.

This is one of the issues, people don’t feel their taxes are used in the way they want and for the purposes they care the most, this is why there are many that do their best to pay as little as possible when it comes to taxes this hurts the government but the truth is that governments of the world are simply too big.

I don't think that anything can really be too big. Governments can very well be rendered obsolete if they don't provide sufficient benefit to the public. At least on very long time scales. In reality I do believe that governments will get their shit together eventually. They don't make full/any use of the technological advances available that could connect them to the public in an efficient way right now, and probably won't for another decade.
In either case, I can play around any environment so I'm good. I just hope that the rest of the world will be able to live less stressful lives in the future.

[calandra78]

I do not understand how world poverty and cryptocurrency can be connected. Bitcoin is not a magic wand, and he does not cure anything. I doubt that he will be able to do something with it.

It is not possible, because world poverty caused by its own or their way of working and thinking too far but did not see the people who lack their own dinegaranya. It seems to me impossible bitcoin can end world poverty but bitcoin can help improve the financial world did not completely or only at some points just because poverty is a staple of problems occurred every countries. and it might not be lost.

[Bowly88]

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.

I agree with him, bitcoin is not like breathing that you can learn it by yourself. It requires skills and knowledge,  if you cannot read nor write you cannot access this. If you do not know about it and you also don't know how it works and to use technology thats impossible for you to access bitcoins. Poverty will never end if there is no equity in a country. Education for all will end it.

[roomfirst]

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.

I agree with your opinion, bitcoin is the easiest way to make money but it is only easy for people who know it and know how to make money from it. If the poor are not aware of the bitcoin, then no bitcoin could eradicate poverty.

Bitcoin can provide a job for jobless people who at least know about technology and computer but most of poor people are don't know to operate computer and the even rarely use internet, especially in my country though. Is bitcoin can end world poverty, my answer is yes, it's possible.

[anhhung409]

For me i think so.. 


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

READ MORE:

You are right to say that Bitcoin will end poverty in the world but only a small part. Poor people do not have access to Bitcoin, they do not have internet, they do not have Bitcoin knowledge, so their participation in Bitcoin is too difficult to identify.

[jossiel]

Yes I agree, the existence of the bitcoin should be a solution of the problem of the world, poverty is a problem that must be addressed, the economic imbalances could be reduced if we use the bitcoin.

I have doubts that bitcoin can end one of the world's biggest and major problem, poverty.

There are some other problems that we need to focus, natural resources are starting to be obsolete and destroyed.

But only those people that have access on internet can end and pass the poverty line.

[Fatanut]

How is bitcoin different from other currencies? You just accumulate bitcoin just like how you accumulate other currencies. Sure there are better ways to get bitcoin but you can do these things in fiat money as well. You can get paid in fiat with programming, freelancing, and trading (maybe in a different market but you get the point).

By concluding that bitcoin can end world poverty because it's new money, then we can conclude that new money like Pepecoin and other unregulated currencies can end world poverty as well. Money is good with bitcoins but the same thing is true if you found a lucrative business that pays in fiat. Not much has changed in the way you accumulate money.

[stompix]

Can bitcoin be easily used on older flip phones?

What do you mean by older flip phones ,the motorola v seriesor the razr ?

No, you won't be able to use bitcoin with those directly you will have to go to a 3rd party wallet that has a sms gateway.
A pain in the ass in my opinion.

But honestly who is still using flip phones these days?

[NoNetwork]

Yes I agree, the existence of the bitcoin should be a solution of the problem of the world, poverty is a problem that must be addressed, the economic imbalances could be reduced if we use the bitcoin.

Yes, using bticoin will somehow reduce economic imbalances at some point. And no it can't save the world poverty by any means.

[Nalien]

How is bitcoin different from other currencies? You just accumulate bitcoin just like how you accumulate other currencies. Sure there are better ways to get bitcoin but you can do these things in fiat money as well. You can get paid in fiat with programming, freelancing, and trading (maybe in a different market but you get the point).

By concluding that bitcoin can end world poverty because it's new money, then we can conclude that new money like Pepecoin and other unregulated currencies can end world poverty as well. Money is good with bitcoins but the same thing is true if you found a lucrative business that pays in fiat. Not much has changed in the way you accumulate money.

The difference is, that Bitcoin/Blockchain creates specific income opportunities around the technology. Sure you could pay those in Fiat, but they'd still be jobs that exist because of the blockchain.

[Anjing Lu]

Poverty can not be overcome in one way, the people poor we give 1 million dollars if he can not manage then a year later he will poor again. Maybe bitcoin is one option to overcome poverty but must be supported by many things like education.

[kpcian]

I don't think so, Bitcoin is not a community-based currency system so that it can not provide any privilege to eradicate poverty from the society as well as the world. it is mainly individual based currency and investment system in which an individual can be benefitted from here not a society...

[South Park]

Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.

Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.

If governments don't get on board people simply won't care anymore down the line. There's trillions in offshored money because people are unhappy with the way tax money is being used (wasted). If tax was more transparent and citizens had a word in what is happening with their money, they would not only be happy to pay tax, but those who are well off would even donate. If this doesn't happen however, people will simply pull most of their money out of the system.

This is one of the issues, people don’t feel their taxes are used in the way they want and for the purposes they care the most, this is why there are many that do their best to pay as little as possible when it comes to taxes this hurts the government but the truth is that governments of the world are simply too big.

I don't think that anything can really be too big. Governments can very well be rendered obsolete if they don't provide sufficient benefit to the public. At least on very long time scales. In reality I do believe that governments will get their shit together eventually. They don't make full/any use of the technological advances available that could connect them to the public in an efficient way right now, and probably won't for another decade.
In either case, I can play around any environment so I'm good. I just hope that the rest of the world will be able to live less stressful lives in the future.

Governments can only grow so much before they become a burden to the population, the limit is the economic prosperity of the country, if the government consumes most of the wealth generated by the public just to maintain itself then it has become too big, it is as simple as that.

[Kisanaq]

Poverty must be overcome the main causes, and from many studies, government policy is the main factor, many governments are corrupt that makes the citizens poor. I'm not sure bitcoin can be a solution to poverty, change the governement first.