Can Bitcoin End World Poverty?

[lovesybitz]

For me i think so.. 


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

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I think this things will be done only, if all people in the entire world will realize of how bitcoin really good in our lives.
Because, once the individuals discover of course they will get at once to study and learn it and if that happen to all, for sure there will be no
poor person/citizens in all countries. SO poverty has come to an end, but it will takes time before it happens.

[Lubang Bawah]

Seems to be difficult, this is because almost all countries do not want to legalize bitcoin, they worry bitcoin to be economic threat because bitcoin is decentralized system.

[carlerha]

For me i think so.. 


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

READ MORE:

I think this things will be done only, if all people in the entire world will realize of how bitcoin really good in our lives.
Because, once the individuals discover of course they will get at once to study and learn it and if that happen to all, for sure there will be no
poor person/citizens in all countries. SO poverty has come to an end, but it will takes time before it happens.

bu i think it is not so easy that all the people of the world will start using bitcoin because in most of the area there are people who are illustrate and i think they do not have any knowledge about computer and internet. i think then next generation may be start using bitcoin because they are focusing on education too much and they are also giving more importance to computer and internet.

[SacriFries11]

Seems to be difficult, this is because almost all countries do not want to legalize bitcoin, they worry bitcoin to be economic threat because bitcoin is decentralized system.

Yes it's difficult to end world poverty. I think bitcoin can only help to reduce poverty giving oppurtunities to have an extra or full time jobs for those who are unemployed. Yes, other countries don't legalize bitcoin because they are worry that it might a threat to their county but I think bitcoin didn't needed to legalize first before it could help their county as long as people are use and embrace what is bitcoin it could help them. Poverty is a global problem, bitcoin can help to reduce this with the help of others ( education and influence people ) to spread the knowledge about bitcoin and increase bitcoin users.

[hritevanz]

For me i think so.. 


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

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It will be really difficult if we are planning to end the poverty in this world but it can help an individual to end his/her poverty but still it depends to the person's knowledge to improve his/her abilities and of course if he/she know how to apply the word "patience" .

[South Park]

Seems to be difficult, this is because almost all countries do not want to legalize bitcoin, they worry bitcoin to be economic threat because bitcoin is decentralized system.

Even if bitcoin was legalized, it is not like it is easy to earn bitcoins, to earn huge quantities of bitcoin you need specialized knowledge, you need to know how to code, you need to know about cryptography and you need to be able to use marketing, as you see not many people have those skills and cannot benefit that much from bitcoin.

[Joshapat]

I'm not sure although the presence of bitcoin can alleviate total poverty, may only diminish but few people know only about bitcoin. If without government support it is difficult to overcome poverty.

[Rinder]

End it wont be possible, but since money is circulating over crypto its possible to improve and change some lifes, bitcoin does allow anybody with internet to get some income, being signatures, trading or own projects, the fact is it has changed already a lot lifes and will keep happenin this since crypto is like an online lotery where you can really win something.

[unknown-user]

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 think bitcoin cant end poverty especially when you didnt know how to used it. Bitcoin can only provide financial need but it still depends on who are going to used it. Bitcoin will only lessen the number of poor people but cant never solved the problem of poverty in the whole world.

[Nakakapagpabagabag]

In my opinion, it can't end poverty in the world. Bitcoin is just a new currency that helps provide source of income / financial to people that related in business. As of now it can help many people because in bitcoin you can earn bitcoin without investment.

[camelson]

In my opinion, it can't end poverty in the world. Bitcoin is just a new currency that helps provide source of income / financial to people that related in business. As of now it can help many people because in bitcoin you can earn bitcoin without investment.

So indirectly you are saying yes! if bitcoin is a source of income for the people then the possibility that it will end poverty will not be ruled out and person having slight knowledge about crypto world and primary computer skills can earn from bitcoin.

[jmigdlc99]

Financial literacy is one aspect you should look into when it comes to bitcoin and poverty. However, blockchain tech itself and not bitcoin may be more applicable in the development sector. Hopefully we will see more scholarly articles on this topic soon.

[NoNetwork]

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.

I couldn't agree more. If we would analyze it, having more focus on educating the people all over the world could end world poverty. After they provide the resources they needed in order for them to have proper education, then most likely they will now choose what would be the best way to help them to make a living and don't just rely on the help of others. And earning Bitcoin is just one of those aspect that they would choose.

Bitcoin alone can't end this major kind of problem, it bounds to many different reasons why it can't.

[Hulya]

The world is changing each day and the facets of changes are quickly turning the world upside down. One of the changes in our economy nowadays are how the bitcoins are making a lot of sense in circulating it's currency and it's value to people. We may not be so sure how bitcoin can help through the world's dangerous problem which is poverty, but we can continuously look forward to on how changes will continuously do it's part for all of us.

[Tungsten-1]

I'm not sure although the presence of bitcoin can alleviate total poverty, may only diminish but few people know only about bitcoin. If without government support it is difficult to overcome poverty.

There is big role of government in bitcoin because if they goes for support then many problems can be solve so we can mention that one of the problem is that as well. Because if bitcoin allowed by government than poverty can be easily finish by giving them a funds in bitcoin and giving them a training that how to become a familiar so i would like to say that they have huge role in bitcoin if they accept.

[Star_Bucks]

For me i think so.. 


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

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I don't think bitcoin will be able to end poverty in the whole world because not everyone has an internet connection. In doing bitcoin that is very important. Aside from it you should also have atleast some bavkground knowledge about bitcoin so you may know what to do. Many people are still unaware of the existence of bitcoin. But who knows, maybe someday everyone will know about bitcoin and it will surely help them in term of finance.

[airdnasxela]

For me i think so.. 


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

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Bitcoin is not the solution to end the world poverty. Yes it may end the poverty of some individual but when it comes to the world, I  don't think so. There are some requirements needed if you want to be rich with bitcoin. You should have perseverance, patience and hard work. You can not just simply rely the fate of the world with bitcoin. Aside from it, there are also still some people who is not yet civilized with the technology and some people still do not have internet connection.

[Teddy_floweursk]

BITCOIN is maybe not this answer of every questions like the end of world poverty.
However, the tech behind many altcoins and Bitcoin too will allow the world to improve communication and spreadind of technologies.

Coins will be created to help country to develop themselves without the omnipresence of a leader. Theses money can be bitcoin for example

[Hotel_Prodeo]

BITCOIN is maybe not this answer of every questions like the end of world poverty.
However, the tech behind many altcoins and Bitcoin too will allow the world to improve communication and spreadind of technologies.

Coins will be created to help country to develop themselves without the omnipresence of a leader. Theses money can be bitcoin for example

Yes, and we all know that overcoming poverty is very difficult, even countries and governments may not be able to overcome poverty, because the main factor causing poverty is education and intellectuals.

[Mr. Legendaris]

I'm not sure that the presence of bitcoin can overcome poverty, this is because users and who know bitcoin is still small, maybe in my country bitcoin users no more than 0.01%