Can Bitcoin End World Poverty?

[Boov]

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. Definitely No. World Poverty is a very broad topic. It has many contributing factors and doesn't only revolve on trading. Some of these factors are income inequality, conflicts and wars, location, adverse ecology, health, natural disasters, debts, and the list could go on and on. Some of these factors are even out of human's control. Bitcoin cannot address all of these. This digital money wont be even used on poorest countries because internet access is scarce. It may help developed countries economically but it wont be enough to eradicate the poor. It wouldn't also be even used by uneducated people since they dont know the basic writing and reading.Bitcoin could be one of the tools but it is not the solution for the world's poverty.  The key would always be on the people's determination, hard work and unity.

[stompix]

I think that bitcoin will not put an end to world poverty, because it is money that you need to earn. In countries where there is no Internet, they simply can not even see bitcoin.

Yeah that is right but if you will see the large aspect of bitcoin impact to the society it is the new way of earning because in the past the earning needs hard work but now you only need a gadget, internet and some time to earn the bitcoin so it is gradually reducing the poverty but it can't totally ended somehow but is helping to reduce the cases of it.

Oh, so you think it's so simple and we will all be able to earn because we have a computer... wow.
And from where are all those money going to come?
The sky? The clouds?

I wonder why germans still produce cars when they could just produce money making machines.
I think this whole bitcoin bonanza is driving people insane, they are stating to lose common sense.

If it where by the glorious minds of people right here we should all put some s9 or r470 to mine and all get aboard the signature train and we are all going to be rich and eradicate poverty.

[South Park]

I think, bitcoin should be distributed evenly so that it can reduce and even eliminate poverty. The government played a major role in this.

Of course not, that is communism, communism has showed time and time again that it does not work, that it kills more people in times of peace than any capitalist country could in times of war, there are always going to be differences in income that is something we need to accept.

[Souldream]

bitcoin cant end world poverty i think it could be lessen the poverty but it will never end because many people that is lack of knowledge what bitcoin is unless someone will volunteer to donate gadgets, free internet and discuss what is bitcoin all about on the people that cant afford to buy any gadgets that serve them as reference on how they can earn money in bitcoin.

Yes thats correct. Bitcoin cannot end it. People who are exposed to internet only knows bitcoin but those who live in far far place is not. It cant end the poverty but it can help us to make our life better.

[joebrook]

Bitcoin can both end poverty, and make some of the population even poorer.  Crypto currency is primarily a currency

Even though a currency, Bitcoin is a great investment for everyone, but it cant really end world poverty, to end poverty, the people of the world should be educated on the investment benefits of bitcoins and not everyone will get the opportunity to get that sort of education.

[stompix]

I think, bitcoin should be distributed evenly so that it can reduce and even eliminate poverty. The government played a major role in this.

Of course not, that is communism, communism has showed time and time again that it does not work, that it kills more people in times of peace than any capitalist country could in times of war, there are always going to be differences in income that is something we need to accept.

But it was pretty funny in communism.
Nobody was poor. We all had money.

We didn't have food to buy, no heat in winter, no hot water electricity shortages but by the book we were all employed with self sufficient wages.

Now the new trend is socialism but it works just as good as communism. Venezuela for example.

[Naughty Princess]

It has a possibility that bitcoin might change the world but, it will take many years before it will be. We cannot change a thing so easily. But we hope so that oneday bitcoin might help us all especially those who are very lack in needs.

Bitcoin cannot end the world poverty but it can be a way to reduce poverty. Having a knowledge on how to make an investment using this digital currency can change one's life. just like what you have said, it will take many years to change the world because it will start from the small society like from the family. it is hard to earn money to support our daily need. Bitcoin helps to earn money by giving some effort, sharing of knowledge, and patience.

[deppil]

Poverty can be eradicated the desire to work. The more you work the more skills you gain and the higher your salary will be in the future. Bitcoin is only one of the currencies in which you can get income.

But it's impossible for all poor people to use bitcoin for their income, while many poor people out there do not have any skills, do not have the gadget to work in bitcoin, I think it's impossible for bitcoin to overcome the economic poverty that exists in the world, but at least bitcoin can slightly reduce Poverty in the world

[Schuyler]

I don’t think any currency can end world poverty, be it bitcoin or some other digital currency that’s yet to be invented. The gap between the poor and the rich continue to widen and only a total reset and equal redistribution of wealth can  possibly end poverty. There’s so much wealth in the world, but the rich just won’t let go of their properties so easily. The poor are going to continue to suffer while the rich would still find ways to expand their holdings.

[Pancho95]

I hope so. It is hard to believe that is going to happen in near future. But at some point in the future maybe. We are all the same for btc and everyone who wants can make some money.

[JohnBitCo]

Bitcoin can both end poverty, and make some of the population even poorer.  Crypto currency is primarily a currency

Yes, bitcoin is a currency and it may not make anyone rich or poor. Whoever has the bitcoins will be rich and those who do no have will be poor. This is the same concept as with US Dollars or any other currency. You need to have some skills in order to earn the money else you will be poor.

[attentionSicker]

I think, bitcoin should be distributed evenly so that it can reduce and even eliminate poverty. The government played a major role in this.

Bitcoin can never be distributed evenly, because there is no such thing as even or equal when it comes to wealth. Every nation wants to be on the top that's why they won't let anyone overthrown them. It may also cause corruption that may bring a country into greater state of poverty.

[iMark]

bitcoin cant end world poverty i think it could be lessen the poverty but it will never end because many people that is lack of knowledge what bitcoin is unless someone will volunteer to donate gadgets, free internet and discuss what is bitcoin all about on the people that cant afford to buy any gadgets that serve them as reference on how they can earn money in bitcoin.

Yes thats correct. Bitcoin cannot end it. People who are exposed to internet only knows bitcoin but those who live in far far place is not. It cant end the poverty but it can help us to make our life better.

Yeah it will make the life of its users to be better, even out of poverty and it happens to my friends. They get out of poverty and get a better life because they start doing business in bitcoin but it seems impossible when all poor people use bitcoin, whereas they are technologically blind?

[Hypnosis00]

Yes, bitcoin can end world's poverty IF they can get into bitcoin or work with bitcoin because there is no in charge in changing their lives but by their selves, people who are in poverty stage should work hard and prepare a good strategy in order to become a successful person who can escape from poverty.

[justspare]

Bitcoin can both end poverty, and make some of the population even poorer.  Crypto currency is primarily a currency

No bro you are actually wrong how you can say this if you are saying about other crypto currencies then you are ok with it. But if you are talking about bitcoin then you are totally wrong. Because we know that bitcoin is always best in everything. If I mention you that bitcoin had changed a lot of people who are trusted on bitcoin then how would you answer this.

[Kidmat]

I think that bitcoin will not put an end to world poverty, because it is money that you need to earn. In countries where there is no Internet, they simply can not even see bitcoin.

Yeah that is right but if you will see the large aspect of bitcoin impact to the society it is the new way of earning because in the past the earning needs hard work but now you only need a gadget, internet and some time to earn the bitcoin so it is gradually reducing the poverty but it can't totally ended somehow but is helping to reduce the cases of it.

Exactly bitcoin cannot end poverty but somehow if we analyze the situation it reduces the indigence. It helps those in need because bitcoin offer earnings to anyone who use it. Thus, we can admit bitcoin added a big impact to our life because anyone can earn money through online.

[Proximity Scan]

I think that bitcoin will not put an end to world poverty, because it is money that you need to earn. In countries where there is no Internet, they simply can not even see bitcoin.

Yeah that is right but if you will see the large aspect of bitcoin impact to the society it is the new way of earning because in the past the earning needs hard work but now you only need a gadget, internet and some time to earn the bitcoin so it is gradually reducing the poverty but it can't totally ended somehow but is helping to reduce the cases of it.

Exactly bitcoin cannot end poverty but somehow if we analyze the situation it reduces the indigence. It helps those in need because bitcoin offer earnings to anyone who use it. Thus, we can admit bitcoin added a big impact to our life because anyone can earn money through online.

I don't understand the argument here, bitcoin cannot end world poverty clearly but it also causing new poverty just like capitalism did before. A portion of people getting rich and rich and the rest staying more poor with respect to initial condition. Might sound weird, but bitcoin can also cause poverty.

[jonosutio]

In my opinion can really solve the world's poverty if all countries accept bitcoin. And bitcoin that ends the poverty that is in this part of the world.

[KrisAlex18]

For me i think so.. 


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

READ MORE:

I partially agree with. We all know bitcoin's price is so high that it can make you a millionaire within a year but still it's not enough reason for you to claim that this can be done throughout the whole world. Technology and Internet might be found anywhere but still not everyone knows how to use it. Another thing is it's not yet legalized in the whole world in short it is not well promited yet. We cannot depend the solution of poverty in bitcoin but who knows, maybe someday it will.

[altgamerf4]

Bitcoin can not put an end to world poverty. This is an electronic currency, not a magic wand. In order to get bitcoin you need to earn it or earn another currency and exchange it for bitcoin.