Can Bitcoin End World Poverty?

[Wayan_Pedjeng]

Already Bitcoin is doing its part in ending the global poverty. Thousands of people earn money from the signature campaigns here in Bitcointalk. And many thousands of people are employed by the hundreds of crypto-exchanges around the world, in addition to those thousands of traders who earn a living by buying and selling Bitcoins.

[CODE200]

For me i think so.. 


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

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Poverty has become a major problem worldwide that is pass generation to generation. Despite of the innovation brought by technology, still this problem remains unsolve because money is not just the factor to resolve this problem. Yes bitcoin provides income for an instant but it is not enough to end poverty. It may lessen the problem but cannot totally abduct the fact that poverty is always present anywhere you look.

[naughty1]

I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.

It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.

Minimal help reduce unemployment, many poor people who apparently have internet access even from the smartphone. Many paths if they really intend to wrestle with bitcoin. It all started with what they had at the time. They fall into the poor category because income is just enough for everyday needs and without thinking of long-term wealth.

Ending the world poverty is a bit impossible, it can decrease maybe but for the poorest country it is even impossible for them to hold a computer or connect a signal.

Bitcoin can only promote the development of wealthy countries, however, in poorer countries, because of the access of people with bitcoin is very poor, the development is almost zero. Technology is something that can change people's lives.

[NoNetwork]

Bitcoin just does not, but btc and altcoins yes

Even if you combine all the cryptocurrencies, it just can't end it. Even if those who lived in the first world countries mine so much of these coins (which they will not), and donate it to those who are economically not even in the average. It will still not help them, because not all of them are computer literate and don't have such facilities. And for the alternative, even if those mined coins have been converted to Fiat, it will be just like a big charity.

In fact you don't need to give a large amount of money, we need to give them just enough of it and 'education', that's what will save them from it.

[ajmapalo22]

Poverty is a big issue of the society it means having people in your country who doesn't have the capability to support their basic needs people who are not financially stable..bitcoin is just a currency the only difference is that is a crypto but unlike other currencies it evolve by demand and supply I don't think it can help solve poverty specially knowing the fact that it can only be used using internet which not everyone has the opportunity and knowledge to use

[Luvlee17]

It would definitely take a lot  more than bitcoins to make it happen, due to the lack of education and accessibility for most.   

[South Park]

It would definitely take a lot  more than bitcoins to make it happen, due to the lack of education and accessibility for most.   

Bitcoin may help in some ways but it is impossible for bitcoin to achieve something like that, there has always been differences in income, so I think our aim should be that people have a better quality of life even if some are able to enjoy more things thanks to their riches.

[Rinder]

We arent talking about be rich but about end the poverty, i do know around 200 person wich are working only over crypto and being able to survive, the fact is they were unemployed, soo crypto has being able to change some lifes already. I know bitcoin has changed a lot lifes on the last years, and crypto keeps making it happens all days.

[Kong Hey Pakboy]

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.

Yes his right bitcoin is not a magic that can end poverty but bitcoin can lessen poverty we all know that bitcoin gives us money we earn from it if all people are doing it and investing it lots of people will earn money from it so poverty can lessen but not end

[NeilLostBitCoin]

I think for me bitcoin is just a currency, poverty is not based on currency but in fact how they will get a currency. If they are hardworking people then they could end up their own poverty but if not bitcoin cant help with them.

[Lupin13]

For me i think so.. 


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

READ MORE:

 We are on the process right now sir. Many people most commonly teenagers do benifit in Bitcoin if we look down. Ending world poverty is surely possible if everybody know about it and knows how to work with it in a useful way.

[prieaji]

People can use bitcoin as a tool to earn a lot of money so they make it richer by increasing their net worth. By using the world's piscine bitcoin to end, but is it all true.

[fathur.aza]

Why not because bitcoin is a good way to overcome the poverty that exists in this world and not only that even bitcoin can improve the economy in a country less developed its economy.

[KingdomHearts]

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.

But if there government give a hand with bitcoin to reduce poverty. Like we are watching the Google. Before from Google we cannot earn but now a days we are earning because it has merged with double click company which is providing ads. Well it is just internet thing. But I would say that if our government fully support bitcoin then it can become to reduce poverty.

[AK47-]

I fail to understand how Bitcoin can provide an employment opportunity for the people who aren't related to technology and hence can't properly understand Bitcoin. They wouldn't be able to join any campaign here on Bitcointalk. Moreover, if prople are in poverty then how will they have access to computer and Internet. Bitcoin would do nothing for the people with non technical background specially for poverty stricken people who are not even literate enough.

[Pleione527]

I don't think bitcoin can solve poverty issues as far as I know bitcoin is just a currency like other currencies it is use to purchase goods and pay services while the issue on poverty is lack of basic needs for people unless otherwise government will use bitcoin to provide the needs of those poor people...but as we can see bitcoin had just started growing and I think it will need more years to find stability in the market...

[ethereumhunter]

People can use bitcoin as a tool to earn a lot of money so they make it richer by increasing their net worth. By using the world's piscine bitcoin to end, but is it all true.

actually when people trying to earn money from bitcoin, they can increase their daily payment from bitcoin so with bitcoin slow by slow they can end poverty. if there is many people join into bitcoin world, they can earn bitcoin and it also makes them to earn money. but this is not easy as they thing because today, to earn bitcoin really need hard work and not stopped day by day.

[PokerFace3]

I don't think bitcoin can solve poverty issues as far as I know bitcoin is just a currency like other currencies it is use to purchase goods and pay services while the issue on poverty is lack of basic needs for people unless otherwise government will use bitcoin to provide the needs of those poor people...but as we can see bitcoin had just started growing and I think it will need more years to find stability in the market...

Yes, it is not right that bitcoin can overcome the world poverty, but at somehow bitcoin can help to provide jobs for educated persons and reduce unemployment. In all over the world a country policy are designed based on middle class peoples are mostly needed jobs wherein mostly people has gotten basic education and bitcoin can provide jobs to educated people.

[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.

Yes his right bitcoin is not a magic that can end poverty but bitcoin can lessen poverty we all know that bitcoin gives us money we earn from it if all people are doing it and investing it lots of people will earn money from it so poverty can lessen but not end

Bitcoin may help some people earn more money, but those that are earning it are using their knowledge to do so, so I think quality education must be the top priority that way those people that are poor could lift themselves out of that state by studying hard and improving themselves.

[MMA]

I don't think bitcoin can solve poverty issues as far as I know bitcoin is just a currency like other currencies it is use to purchase goods and pay services while the issue on poverty is lack of basic needs for people unless otherwise government will use bitcoin to provide the needs of those poor people...but as we can see bitcoin had just started growing and I think it will need more years to find stability in the market...

Yes, it is not right that bitcoin can overcome the world poverty, but at somehow bitcoin can help to provide jobs for educated persons and reduce unemployment. In all over the world a country policy are designed based on middle class peoples are mostly needed jobs wherein mostly people has gotten basic education and bitcoin can provide jobs to educated people.

but to me i think yes bitcoin is too much helpful to reduce poverty from the world. in fact is providing good opportunities to the people, i think if people try to manage some money and then invest it in bitcoin i am sure that after some time they will become enable to get a good profit that they even cannot expect from anywhere else.