Can Bitcoin End World Poverty?

[abilger]

If bitcoin would be distributed the same amount for each person it could end poverty. Since some people have most of it and most people have few, it won't change the world. There will be a few more rich people. That's all.

Just like gold, diamond... They could also end poverty if they were distributed evenly for each person.

[boyptc]

It can end the world poverty. But it's only possible to happen if those whales out there started to helped other people who are striving with poverty. Like building up some good places for those people who are living in depressed areas, doing something like letting them use free electricity, building solar panel and providing them free internet.

[choppork]

Don't be delusional. People think that bitcoin can end world poverty because there's a huge amount of money invested on bitcoins. They think that if you can get enough bitcoins, then in the future you can become rich. But that's just it. That's just you. The people from third world countries will remain poor. There will always be people starving. There will always be people that will remain a useless part of the economy because of the lack of skills and education.

With the logic that bitcoin can end world poverty because there's a lot of money invested on bitcoin, we can also claim that abundant resources from different places of the world can end world hunger. But you see, that's not the case. People will not just start funding these projects. People will not just start feeding the poor or educating them. There are people conducting feeding program but they always have an ulterior motive. Sad but true.

[albertvert]

It can end the world poverty. But it's only possible to happen if those whales out there started to helped other people who are striving with poverty. Like building up some good places for those people who are living in depressed areas, doing something like letting them use free electricity, building solar panel and providing them free internet.

Not fully but some how. It will give some money. If you inverse your money on Bitcoin is keeps If save same in  .it will get huge .you many kon an keep.you want .you may post in many ways

[albertvert]

Don't be delusional. People think that bitcoin can end world poverty because there's a huge amount of money invested on bitcoins. They think that if you can get enough bitcoins, then in the future you can become rich. But that's just it. That's just you. The people from third world countries will remain poor. There will always be people starving. There will always be people that will remain a useless part of the economy because of the lack of skills and education.

With the logic that bitcoin can end world poverty because there's a lot of money invested on bitcoin, we can also claim that abundant resources from different places of the world can end world hunger. But you see, that's not the case. People will not just start funding these projects. People will not just start feeding the poor or educating them. There are people conducting feeding program but they always have an ulterior motive. Sad but true.

[rhodelmabanal]

For me no because it seems bitcoins are like underground currencies that people doesn't introduced widely. If it will end our poverty maybe a child of young years may also be involved in this things. He or She might be millionaire without any work or course. We might be millionaire in our society but we must not forget on what we do to stop poverty.

[ModGirl]

It can end the world poverty. But it's only possible to happen if those whales out there started to helped other people who are striving with poverty. Like building up some good places for those people who are living in depressed areas, doing something like letting them use free electricity, building solar panel and providing them free internet.

Help should be like that suppose if bitcoin is changing the life style of people and bring them from poverty to rich or medium class family. So people should introduce bitcoin with each other and introduce in a society. That how it can be earn how it can be withdrawal. What is the benefit of keeping bitcoin. So after that all these things come which you mentioned or probably it can be done by each person itself if he got to know about bitcoin.

[Joshapat]

The number of bitcoin if divided evenly around the world population of about 7.5 billion then I make sure enough and can reduce poverty. All dependent on state policy, whether or not they care about poverty.

[Pattart]

The number of bitcoin if divided evenly around the world population of about 7.5 billion then I make sure enough and can reduce poverty. All dependent on state policy, whether or not they care about poverty.

Yeah I'm more in agreement with the word "reducing poverty in the world" because to end poverty in many countries is not an easy task. This is very difficult even the government can not solve this, even though USA country still has poor people?

[supandi wiharja]

I do not think it is possible because to end world poverty with auto bitcoin around the world have to understand what bitcoin is and the process is not easy because human way of thinking will not be the same .. So there must be a long process to Resolve poverty with bitcoin in this world ..

[mornabo]

I do not think it is possible because to end world poverty with auto bitcoin around the world have to understand what bitcoin is and the process is not easy because human way of thinking will not be the same .. So there must be a long process to Resolve poverty with bitcoin in this world ..

poverty can be overcome if individuals in every country are also willing to try hard to get out of this problem, Although bitcoin provides a great advantage though but if the individual is reluctant to work and lazy of course they will not get out of poverty right ?

[jvdp]

It can end the world poverty. But it's only possible to happen if those whales out there started to helped other people who are striving with poverty. Like building up some good places for those people who are living in depressed areas, doing something like letting them use free electricity, building solar panel and providing them free internet.

Not fully but some how. It will give some money. If you inverse your money on Bitcoin is keeps If save same in  .it will get huge p
.you many kon an keep.you want .you may post in many ways

Ya you are correct. It will not fully. But may be partially.It will give  some dollars to needed people. Who was below poverty line,may get some money from bitcoin for their food and shelter.Bitcoin can be used as a business to fullfil the basic Requirements of people.

[stephanirain]

For me i think so.. 


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

READ MORE:

In my own point of view, bitcoin had help many people and me and make them so rich but end the world poverty is not very easy because it takes a very long time to achieve your goals and you need to put all your time in using bitcoin with your full potential in using it.

[magmar]

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.

It's definitely true, bitcoin do not have the power to ends world poverty. It is not a magic, bitcoin is a business. It needs a skills and knowledge to access it. Yes it can provide us money with an easier way rather than finding a job, but it also need some skills like computer skills and technology skills. My thinking is education for everyone with no fees are the ones who will end world poverty.

[Gumpfire]

If bitcoin is widely spread to all people, it shouldn't be so difficult to end the world of poverty because it will be easier to all the people that what is bitcoin all about ? So they don't have difficulties by understanding and how it works. Bitcoin is not that difficult but for those people who don't any technologies to access on bitcoin, they can't use bitcoin to help themselves from being poor.

[pinggoki]

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.

It's definitely true, bitcoin do not have the power to ends world poverty. It is not a magic, bitcoin is a business. It needs a skills and knowledge to access it. Yes it can provide us money with an easier way rather than finding a job, but it also need some skills like computer skills and technology skills. My thinking is education for everyone with no fees are the ones who will end world poverty.

Undeniably, bitcoin has no power to end the world's poverty but it can be lessen. It is true that skills, knowledge and tools such as internet and gadget which is poor people doesn't have is the key to access bitcoin. Bitcoin couldn't end the poverty but rather to make you earn money with ease. Therefore bitcoin isn't the solution but the education, support and good governance of our leaders.

[mrcash02]

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.

It's definitely true, bitcoin do not have the power to ends world poverty. It is not a magic, bitcoin is a business. It needs a skills and knowledge to access it. Yes it can provide us money with an easier way rather than finding a job, but it also need some skills like computer skills and technology skills. My thinking is education for everyone with no fees are the ones who will end world poverty.

Undeniably, bitcoin has no power to end the world's poverty but it can be lessen. It is true that skills, knowledge and tools such as internet and gadget which is poor people doesn't have is the key to access bitcoin. Bitcoin couldn't end the poverty but rather to make you earn money with ease. Therefore bitcoin isn't the solution but the education, support and good governance of our leaders.

That is the point: Education. If there is education all the rest is Ok. With education (real education and not the shit that is taught at schools these days) people will choose decent governments to take care of the country's administration, they will have knowledge to access and to create technology, to improve medicine, to improve accessibility... Everything comes from education.

Bitcoin was created thanks to education and became an important tool to help people's economy.

[megynacuna]

An argument from the article as that it features a cheap payment system, but I think that it is no longer the case, at least for now. Hopefully SegWit will clear some of these problems and fasten transactions soon.

I think what the world primarily needs now is a way to control its population and not necessarily poverty. It's very clear that there's going to be the poor amongst us no matter what and so Bitcoin as well as other factors and currencies cannot be relied on as the panacea to solve poverty else it would have a long time ago.

[Choy13]

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.

Yes bitcoin could not answer the poverty itself hence it could be an alternative solution for the prior source of poverty which is the lack of job and source of income in the world. Bitcoin as a crypto-currency it is a well developing currency the offers jovs online and could possibly be a way of transaction for many. And it could be an investment also and trading for other to earn more and have source of a living.

[Ronaldcoin2017]

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.

It's definitely true, bitcoin do not have the power to ends world poverty. It is not a magic, bitcoin is a business. It needs a skills and knowledge to access it. Yes it can provide us money with an easier way rather than finding a job, but it also need some skills like computer skills and technology skills. My thinking is education for everyone with no fees are the ones who will end world poverty.

yes i currently agree on you.it is not the bitcoin who can end the worlds poverty.because bitcoin is really didnt verry well known in the other country.i think the poverty is cannot end if the people arround the world cannot change.they really have to do a great changes.