Can Bitcoin End World Poverty?

[DevilSlayer]

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.

Yeah it is true even though it is hard to accept that the poverty will never die. All of the coutry have a problem because of the poverty that becoming worst. I think bitcoin is not the answer to end the poverty.

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[chixka000]

For me i think so.. 


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

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The possibility is really fhere and not bitcoin or the governments or any certain organizations that could end the poverty but the individuals themselves can cure it because no matter how the governments supports and impose the opportunity from btc if he/she is too lazy then its useless

[pitiflin]

For me i think so.. 


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

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No it won't, ending poverty is like something that can literally never be destroyed. And bitcoin will hardly play a role  in demolishing poverty all over the world . Bitcoin is not abundant but poverty is . There is a slight chance for poverty to be abolished  all over the world but then all the countries of the world should work towards a common goal for which everyone knows the answer is that such a thing is not likely to happen.

[South Park]

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.

Bitcoin can't end the poverty of the World, but I think Bitcoin can be use as a tool to end the poverty of the world but on my perspective poverty may end if there is no corrupt government that keeping the money of the country and if all people may get a good education and have a stable job so that the world may live in peace and harmony.

Bitcoin will surely help curb government corruption for the simple reason that I think in several countries in the future are not going to be able to resist bitcoin and people will prefer to use bitcoin over the fiat in their own country that way governments will not be able to steal from their population by printing money.

[Lady Coquet]

Well it not just easy as that, it should have process to begin with and and the main is to educate the whole world about bitcoin. It's not also easy that the whole world will embrace bitcoin because not all of us is the same way of thinking. Many will favor but much will hate but for them to better understand that bitcoin would really end world poverty they must first understand what it means and its goal.

yes your right they should know first and study about bitcoin because bitcoin is not that very easy to understand, it is really complicated. and the government should accept bitcoin first because it is hard to embrace bitcoin if people doesn't have any idea about bitcoin. so ending the poverty with bitcoin is very difficult they should know everything about bitcoin.

[Xester]

For me i think so.. 


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

READ MORE:

No it won't, ending poverty is like something that can literally never be destroyed. And bitcoin will hardly play a role  in demolishing poverty all over the world . Bitcoin is not abundant but poverty is . There is a slight chance for poverty to be abolished  all over the world but then all the countries of the world should work towards a common goal for which everyone knows the answer is that such a thing is not likely to happen.

I do agree with your statement that ending poverty is a hard thing to do. Even if bitcoin comes in poverty will be still exist and will not be wiped out. One of the reasons is that if bitcoin will be implemented many businesses will open and many jobs will open but along with that other business that cannot ride along with the changes in the financial market will be closing and thus many employees will also lost their jobs.

[jpoker272727]

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.

As other things failed. But bitcoin will never fail as you are saying. I would suggest you some example then you will totally agree with me by this statement. First of all if we introduce bitcoin to poor people. As we know poor people are less educated as compare to other. We should teach them what is bitcoin then it can decrease the poverty.

[OrangeII]

It's a tough task for bitcoin. Well, it's basically the bitcoin user that determines the function of the bitcoin itself. If you are aiming for it, of course it's just like donating so much money to end poverty in this world.

[agentx44]

I think that's very difficult that bitcoin can end the world poverty because not everyone can access on bitcoin because they don't have such technologies that they can use and they need to learn or understand more aboit bitcoin because bitcoin is not that very easy or basic to understand because it has so many complicated words that you can't understand. They should focus more on bitcoin and we shall see the results.

[Xenophoto]

The world poverty is caused by governments and laws, therefore I have no idea how crypto currencies can end world poverty?

You can not eat crypto currencies and you can not live in it.

Is it? Is the world poverty caused by the government? I would disagree with that. There are countries that are poor ever since because they simply lack the resource. And since they are poor right from the start, the normal citizen can't afford education. You can't blame the government of that country because the officials are probably just like their citizens. They probably have the same thinking. Sure they can ask for help from other countries, but what can they do in return? There's no resource, people are uneducated. There's just nothing, they are just poor and they will continue to be poor until a lot of people start donating to them.

In other countries which don't suffer from such lack of resources, I think that the poverty is all caused by the individual himself. You're poor because you're lazy. Not because you're uneducated or that your country lacks resources. I know a lot of people that have gone to high school and college but are still poor because they don't really seek to make their lives better.

[alt213]

Sadly bitcoin cant do big things to end world poverty, most of poor countries are in war or internal conflicts , so first wars should stop and then establish an economic and agricultural system and make bitcoin the money of this system to eliminate the middleman who always take big profits and ruin the economic.

[ankit10]

No never it can't remove poverty from world, even it can't remove poverty from any single country, this is as a simple money with some decent features. No one will get free of cost coin. We can't distribute coin to everyone if lacks of people are their. Poverty come from mind

[Intersan]

The world poverty is caused by governments and laws, therefore I have no idea how crypto currencies can end world poverty?

You can not eat crypto currencies and you can not live in it.

We cannot put all obligation in our government. Ourselves is the first who need to changes. How can we become rich if we are lazy and always blame the government reagarding the world poverty.

Bitcoin can't easily end the world but it solve the problem of other by earning this. Yes your correct that we can not live in crypto- currency but its a stuff to get the real money.

World poverty is so wide, it can't solve all the problem. If we think, if all people go in bitcoin as their business so other job become vacant and its a problem, no one will operate and other business will affected.

[tittensor]

In my opinion, if have internet connection, people can make money with Bitcoin. But they need have knowledge and a ways to do that and this very difficult with poor people because they have no conditions to contact and learning it. If not have it, they just use internet for relax as watch movie, play games or use social with friends ...

[South Park]

For me i think so.. 


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

READ MORE:

No it won't, ending poverty is like something that can literally never be destroyed. And bitcoin will hardly play a role  in demolishing poverty all over the world . Bitcoin is not abundant but poverty is . There is a slight chance for poverty to be abolished  all over the world but then all the countries of the world should work towards a common goal for which everyone knows the answer is that such a thing is not likely to happen.

I do agree with your statement that ending poverty is a hard thing to do. Even if bitcoin comes in poverty will be still exist and will not be wiped out. One of the reasons is that if bitcoin will be implemented many businesses will open and many jobs will open but along with that other business that cannot ride along with the changes in the financial market will be closing and thus many employees will also lost their jobs.

On average I think the jobs that bitcoin will create are going to be higher than the number of jobs lost, but the problem is that the new jobs are going to be very specialized or will require new skills and not everyone is going to be able to adjust to these new changes and are going to suffer because of it.

[Reid]

In my opinion, if have internet connection, people can make money with Bitcoin. But they need have knowledge and a ways to do that and this very difficult with poor people because they have no conditions to contact and learning it. If not have it, they just use internet for relax as watch movie, play games or use social with friends ...

Actually that is one problem for the society now.
Social medias are being used for entertainment which is getting to a higher level.
Even kids is like 24/7 with just browsing facebook and they wont even care what is happening in their environment.
If this is all they do they wont care about making money out of the internet.
They didn't even know that they could do something else rather than watching youtube videos and keep on refreshing the facebook page.
Done this before but got too tired of it. So I tried to find another way into making use of the internet.
Poverty will always be there. For the lazy ones.

[Harlot]

In my opinion, if have internet connection, people can make money with Bitcoin. But they need have knowledge and a ways to do that and this very difficult with poor people because they have no conditions to contact and learning it. If not have it, they just use internet for relax as watch movie, play games or use social with friends ...

More importantly they need to have cash for them to invest in Bitcoin, because I do believe that signature campaigns are not enough for a poor family to live daily. There are many things to consider like what you have said even though internet connection is prevalent in our present date a lot of underprivileged people don't have the access to the internet hindering them the possibilities of investing in Bitcoin or even discovering it by chance. I am sorry but I don't think that Bitcoin is the solution for world poverty.

[nightxglow]

I don't think so? It wont end 'world' poverty. But at least, it can help some people to make their economy better. Like me, for example.
It's really hard to make a world without poverty. There're still part of this world that's short of knowledge, still not getting enough attention, still having never ending wars.
There're many part of the countries who don't even know something like internet. How could we expect them to use bitcoin to end their poverty?

[NoNetwork]

I don't think so? It wont end 'world' poverty. But at least, it can help some people to make their economy better. Like me, for example.
It's really hard to make a world without poverty. There're still part of this world that's short of knowledge, still not getting enough attention, still having never ending wars.
There're many part of the countries who don't even know something like internet. How could we expect them to use bitcoin to end their poverty?

Setting aside all the fiats, 'poverty' is somewhat much deeper than that. I mean when you look at it, the only thing that we can see how we can resolve world poverty is through donation of money; giving poor people that amount of money just to survive. But for how long? That's exactly the main problem here, in that major problem we only create more sub problems. If we continue on donating money to the poor, we are not helping them at all, in fact we are making poverty even more worse. By doing this, these people will only start to become dependent on us and stop thinking about how will they get a better life, because being a poor their only goal is survival not 'to live'.

[SMSabuj]

Bitcoin and blockchain encryption has a greater ability to end the world poverty. And, Bitcoin is the currency is the future. Already a lot of countries accept Bitcoin.