Can Bitcoin End World Poverty?

[ghostunicorn]

Did you know in Zimbabwe, where the country is experiencing a serious liquidity crisis, economists are even pushing for Bitcoin to become an official means of payment

Liquidity crysis? Come one man, their people can't find even drinking water and simple food. Who the hell takes care of bitcoin there. Bitcoin supporters say bitcoin will end the poverty. From my perspective, it can never end the global poverty.

[Shahajahan6060]

Though Bitcoin is important for us ,only it can not prevent poverty. the reason is that we need to progress in our educational system if we do not do that how we can do the right use of it....So, basically we need understand to our self than should take decision what will be good for us.it can be tell that only bitcoin can not end world poverty.

[shield132]

Currenrly not only bitcoin but nothing can to end world poverty. Sad fact is that we people don't care about each others. For example how can we have fun when we see some people are dying because they don't have money to buy food? Some guys have billions and some has nothing. This isn't correct, imagine that billions can save up to 1 000 000 and more poor people. Imagine even if top 1 billionare will give his money to poor people, situation will be absolutely better. How those billionares keep that billions and don't give even 1 cent to poor people when they see and read on news. They even can't spend their money during their life, why the hell do they want it? There must be limit of money per person and world will be better after that or purity will be endless. There is still so much to write in this post but who cares? It won't fix situation, no one will come, read my post and do chairity, 99% will hang on.

[unyil]

Did you know in Zimbabwe, where the country is experiencing a serious liquidity crisis, economists are even pushing for Bitcoin to become an official means of payment

Liquidity crysis? Come one man, their people can't find even drinking water and simple food. Who the hell takes care of bitcoin there. Bitcoin supporters say bitcoin will end the poverty. From my perspective, it can never end the global poverty.

It is possible that if the government there supports bitcoin as a means of payment, the government only needs to legalize bitcoin there and provide learning and understanding about bitcoin and how to use it to its people so bitcoin can overcome poverty there.

[Lubang Bawah]

Poverty is a very complex issue, I do not think it's a wrong financial system but a wrong state policy. Bitcoin is not a solution to eliminate poverty, but a country that can reduce poverty.

[gabmen]

Poverty is a very complex issue, I do not think it's a wrong financial system but a wrong state policy. Bitcoin is not a solution to eliminate poverty, but a country that can reduce poverty.

Btc is now considered as one of the best investments one can get into. It is also conaidered as a currency by many who are behind it. Poverty can't be resolved by this. It needs to come from people who are in power and are willing to seriously look into this issue without thinking of personal gains

[ydrogios]

Currenrly not only bitcoin but nothing can to end world poverty. Sad fact is that we people don't care about each others. For example how can we have fun when we see some people are dying because they don't have money to buy food? Some guys have billions and some has nothing. This isn't correct, imagine that billions can save up to 1 000 000 and more poor people. Imagine even if top 1 billionare will give his money to poor people, situation will be absolutely better. How those billionares keep that billions and don't give even 1 cent to poor people when they see and read on news. They even can't spend their money during their life, why the hell do they want it? There must be limit of money per person and world will be better after that or purity will be endless. There is still so much to write in this post but who cares? It won't fix situation, no one will come, read my post and do chairity, 99% will hang on.

If the billionaires would be so caring, they would not become billionaires in the first place. I don't buy that "poor students with a great vision" can start IT colossus in their backyard. Books on Economics written for "leading managers" advise on making up heart breaking cute legends about the company founders - to create its positive image and motivate their employees to work extra time free of charge. Another thing is that you mast be extra careful to whom you give your money to, as the most Africans are less depended on the system, than the most Westerns, as they are capable of building their homes and getting their foods all by themselves (free of charge); so what they really need is helping them get rid off military regimes, still using them as slaves in exploring natural resources, which are sold to the "civilized world", rather than pumping with charity money different "non profitable" organizations, which will use them to sterilize the locals - "to prevent spreading of HIV". Check out videos where poor in Africa wash all day to get half gram of gold from the river and exchange it for a loaf of bread, while in "civilized world" half gram of gold can buy you 240 kilos of wheat, enough to bake a thousand loafs of bread - talk about slavery and blatant exploitation, which can be stopped only by government (but should the local government start really fight for human rights, it will be immediately overthrown or, if that fails, get under sanctions and embargo). It's a cruel world we leave in. "For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms"...

[Zivdafast]

How can bitcoin end a worlds poverty? Don't think that bitcoin have a magic and in just a blink of an eye all things makes perfrct with bitcoin. Come to think of it. How can it end a world's poverty if many of people don't know about this? And how sure are you that people can earn bitcoin without knowing cryptocurrencies? Many people don't know about this especially the people without having a gadgets and don't have enough money to buy one.

[NoNetwork]

Poverty is a very complex issue, I do not think it's a wrong financial system but a wrong state policy. Bitcoin is not a solution to eliminate poverty, but a country that can reduce poverty.

What you're saying is just exactly the same, its like telling a tale over and over again.

The state policy is very different from the financial system, if you would analyze it more clearly. You only only making it more complex, you see the state policy is concerned on the human rights and the policies that the people partakes. Whilst the financial system is all about the financial criticism, the income and outcome of the flow of the currency.

[darel]

Because not many people know with bitcoin, especially in a developing country, it seems too far to be able to end poverty in the world

[Singbatak]

For those who know and not for the poor here.

Bitcoin has the potential to raise the price. And if it happens everyone with bitcoins is rich. And it's going to be out of poverty but it's just for the good ones. I agree that this will end our hardship. But for those of us who know only.

[Rinder]

It cant end the poverty because crypto isn’t generating new money, is just making it to circulate between people, sure it can help to share more equal the healthy of fiat. Some people are able to improve a lot their life, but knowing the poor people hasn’t acess to internet or computer it means it wont change.

[keeee]

For me i think so.. 


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

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Well for me it is surely possible. But to make it possible let us put it in action. Everything is possible if we do some action to solve a certain problem. What am I trying to say is that every individual should learn bitcoin so that they will know how to use it. Hence giving and additional income to them.

[Lampaster]

Poverty bitcoin will not win, but it gives hope to those who previously did not have one. Poor people nothing but their desire to learn so they have a chance to get using bitcoin decent pay for their work. But this will take a lot more time.

[coinplus]

This is impossible, bitcoin can't end world proverty. if we give 1 kg of gold to all the poor in the world, then a year later they will be poor again. Poor is due to the attitude of those who do not want to think for a better life.

You should revise your statement. Poor are not poor because they don’t work. They are poor because the rich don’t pay them their proper wages. They are poor because they don’t have fair means of earning their livelihoods. They are poor because they live in a world full of nepotism. They are poor because of us.

[WatchMaker]

Bitcoin can only reduce some percentage of poverty in the world. Bitcoin cannot cure all the poverty around the world because there are too many people living in poverty. Bitcoin would play it role in helping people but it cannot satisfy all the needs of every man, woman and child in this world.

[deejhay]

No, its just a form of currency that everybody cant have. How could everybody acquire bitcoin when earning even 1 BTC is very hard and poor people tend to stick to what they are used to so earning btc will be much harder for them than earning fiat.

[ReindeerOnMe]

Because not many people know with bitcoin, especially in a developing country, it seems too far to be able to end poverty in the world

So you're saying that if people knew about bitcoin, bitcoin will be able to end poverty? No, even if people knew about bitcoin, they will never be able to become a rich people. Unless, that poor people knew bitcoin before it's veey popular price like in the year of 2009 where people first bought bitcoin.

[NoNetwork]

Because not many people know with bitcoin, especially in a developing country, it seems too far to be able to end poverty in the world

So you're saying that if people knew about bitcoin, bitcoin will be able to end poverty? No, even if people knew about bitcoin, they will never be able to become a rich people. Unless, that poor people knew bitcoin before it's veey popular price like in the year of 2009 where people first bought bitcoin.

Even if these people already knew Bitcoin since 2009, still it will not eradicate world poverty. I mean this is a very broad problem to partake by just some newly born currency. If Dollars (whom by the way centuries older) didn't even reduce the world poverty to atleast 10% then what more of Bitcoin who's very young.

[KennyR]

Because not many people know with bitcoin, especially in a developing country, it seems too far to be able to end poverty in the world

So you're saying that if people knew about bitcoin, bitcoin will be able to end poverty? No, even if people knew about bitcoin, they will never be able to become a rich people. Unless, that poor people knew bitcoin before it's veey popular price like in the year of 2009 where people first bought bitcoin.

Even if these people already knew Bitcoin since 2009, still it will not eradicate world poverty. I mean this is a very broad problem to partake by just some newly born currency. If Dollars (whom by the way centuries older) didn't even reduce the world poverty to atleast 10% then what more of Bitcoin who's very young.

Poverty is a big problem that can't be related to bitcoin. Maybe the technology behind bitcoin could help in a systematic approach of eradicating poverty. But poverty is just because of the dissatisfied mind of people who always agonize of making them elite rather than helping others. So the only way I always think is educating each and every citizen which will somehow make them come out of the poverty level.