Can Bitcoin End World Poverty?

[serjent05]

With the current spread of Bitcoin wealth, I do not think that bitcoin can end world poverty.  Only a few percentage holds bitcoin and majority of them are holding it for their own benefits. I have seen several charities but I do not think that it is enough to cater everyone in the world.  There are also several startups that offer employment but it is too little to give job to those unemployed.  Aside from that, there are requirements to be met in order to participate in bitcoin jobs and most of poor people does not meet them. 

[Sled]

I do not think so. Not everyone knows about bitcoin and not everyone has access to it as well as to the Internet in general. And at the social level, bitcoin can not solve the problem of poverty for everyone. Only for people who decide to invest in bitcoin and at the expense of this become richer.

Because of the needs like internet and capital, bitcoin is not for solving the world poverty because how can we solve the poverty if there are still a lot of people who doesn't even know how to read and write? How can we teach them things about bitcoin if they don't know the basic thing that is needed to learn.

[lilit]

Bitcoin can not put an end to world poverty, because it's just a currency and to that its price is now too high to buy. He also created many places, but in the banking sector the number of seats decreased which did not affect unemployment.

[Ilegendph]

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.

I agree that it cannot end world poverty but at least it can improve every individual connected to bitcoin by making profits through it or more faster transaction using this type of currency.

[PalindromemordnilaP]

It would be a good notion if this question is answerable by a big YES. Since Information Technology is for everyone, but not all countries have access to the world wide web or the cyberspace and that what makes this question answerable by NO but it is answerable by MAYBE in the future.

[Senja Kemuning]

Of course you can, bitcoin is made with an amount that can be enough for all people in the world, depending on the country's policy whether they will help and care or not.

[Star_Bucks]

For me i think so.. 


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

READ MORE:

Bitcoin cannot end world poverty certainly rather it can end poverty within an individual. Bitcoin is a global cryptocurrency and we cannot depend on the solution of poverty with it. Yes, bitcoin can make anyone rich but people have their free will if they would accept their fate or do something to change it. Not everyone in the world are willing to work for their escape with poverty. Some people already accepted their fate of being poor so maybe that's the reason why bitcoin can't solve world poverty yet.

[airdnasxela]

For me i think so.. 


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

READ MORE:

Bitcoin cannot end the world poverty all of  a sudden knowing that not everyone is already aware with it. Many are still clueless of what bitcoin is and on what it does to people. You can not simply say that bitcoin will end the world poverty because the one that can end world poverty is the people itself, they hold their will in their hands and it depends on them if they'll use it rightfully or not. Also bitcoin is not yet legalized to all of the country's so maybe that's one of the reason why it would still come a long way till bitcoin can end the world poverty.

[susila_bai]

For me i think so.. 


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

READ MORE:

Bitcoin cannot end the world poverty all of  a sudden knowing that not everyone is already aware with it. Many are still clueless of what bitcoin is and on what it does to people. You can not simply say that bitcoin will end the world poverty because the one that can end world poverty is the people itself, they hold their will in their hands and it depends on them if they'll use it rightfully or not. Also bitcoin is not yet legalized to all of the country's so maybe that's one of the reason why it would still come a long way till bitcoin can end the world poverty.

What you said is true, still their is more then 60% of the population of earth are illiterate or living poverty line so how can they earn bitcoin if they dont have access to internet and computer. Only the developed country are getting more benefits.

[pharesim]

I dont think that bitcoin could end world poverty, those who really have power wont let a digital coin to take them off from the throne, because money moves the world, and banks do so, and poverty people wont let bitcoin to take the banks out of the road so easily. so this is the first reason. i hope bitcoin have such a high price, but not to take the poverty out of here.

[bahandhi0508]

For me i think so.. 


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

READ MORE:

Bitcoin cannot end the world poverty all of  a sudden knowing that not everyone is already aware with it. Many are still clueless of what bitcoin is and on what it does to people. You can not simply say that bitcoin will end the world poverty because the one that can end world poverty is the people itself, they hold their will in their hands and it depends on them if they'll use it rightfully or not. Also bitcoin is not yet legalized to all of the country's so maybe that's one of the reason why it would still come a long way till bitcoin can end the world poverty.

What you said is true, still their is more then 60% of the population of earth are illiterate or living poverty line so how can they earn bitcoin if they dont have access to internet and computer. Only the developed country are getting more benefits.

Basically if we are thinking it to general idea, well it's not possible to happen you can end world's poverty without an education.  Most importantly the government of every country in this world should fund the people who were less fortunate to acquire an education,  with that strategy bitcoin learning will be easy to the illeterate people who has become educated to adop the system of bitcoin.

[cryptocortex]

This can help people not suffer the consequences of fiat inflation, and give them a solution to transfer money around the world in a permissionless, borderless way. But for people to get out of poverty they need to get out of the comfort zone.

[Dainye_dyep]

For me i think so.. 


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

READ MORE:

In my insight, for me no. Because even the past currency cannot resolve the worldwide problem which is the issue of poverty. In addition to that, although technology rises, there are still countries that are not yet rich with this innovation. Also poverty is a major issue that is present ever since the world urbanization. Maybe bitcoin can lessen the poverty effect but cannot be a concrete solution to resolve the world poverty.

[Gameroid]

For me i think so..  


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

READ MORE:

Bitcoin cannot end world poverty certainly rather it can end poverty within an individual. Bitcoin is a global cryptocurrency and we cannot depend on the solution of poverty with it. Yes, bitcoin can make anyone rich but people have their free will if they would accept their fate or do something to change it. Not everyone in the world are willing to work for their escape with poverty. Some people already accepted their fate of being poor so maybe that's the reason why bitcoin can't solve world poverty yet.

yes that is right that bitcoin cannot end the world poverty. but it can only help to some people to improve their life style by making some money from bitcoin.  i think those people who have some knowledge about bitcoin and altcoin and if he also have some experience in trading then he can make money from trading bitcoin and altcoins.

[April2017]

Of course, if used maximally and there are specific rules about bitcoin, bitcoin can reduce poverty, let's support the use of bitcoin globally for a better future.

[Sled]

Of course, if used maximally and there are specific rules about bitcoin, bitcoin can reduce poverty, let's support the use of bitcoin globally for a better future.

The support from us is not a problem because we are already doing that but the main problem is, the support from the higher officials like the government, some of them doesn't support bitcoin because they see a decentralized system in bitcoin which they really hate but there are still some government that still accept bitcoin as a money and i hope that other countries will do the same.

[Palmerson]

Of course, if used maximally and there are specific rules about bitcoin, bitcoin can reduce poverty, let's support the use of bitcoin globally for a better future.

The support from us is not a problem because we are already doing that but the main problem is, the support from the higher officials like the government, some of them doesn't support bitcoin because they see a decentralized system in bitcoin which they really hate but there are still some government that still accept bitcoin as a money and i hope that other countries will do the same.

I don't know what government in the world recognized the bitcoin official currency. Yes I heard that Japan has recognized bitcoin as a means of payment, but it is not the same as currency. The payment instrument must exchange the currency to use.

[danim1130]

yes i think it can, bitcoin is the most valuable coin in the internet industry,  so it can be the end of world poverty but the problem here is not all of the people know that there is a currency that called bitcoin. that's why it can't end poverty at all.

[Bous]

Now it do not think so. Bitcoin needs Internet to work, and where people are really poor there is no electricity and do not talk even about Internet. So no, you better give them food rather than bitcoins ...

[Hazaki]

Nothing , no one and no amount of money can end world poverty .
It's the natural ecosystem that needs to be preserved where poor and rich exist .