Can Bitcoin End World Poverty?

[doomloop]

No, I think the idea itself is pretty much ridiculous. No offense, but I don't see how bitcoin can put an end to such a major issue as world poverty. It's more of an investment opportunity than a currency. And it will always be too costly to invest in for very large groups of people that are hardcore poor.

bitcoin is doing its level best to reduce the poverty but it will take some to finish it completely bitcoin is providing good sources of income not only to me a lot of needy people they who has no source of income and poverty is a universal problem and a lot of people are still not aware of the bitcoin and some countries are not having internet access so it can reduce poverty to some extent however it is a good effort bitcoin can do it and it will happen soon.

[andylowe]

No, I think the idea itself is pretty much ridiculous. No offense, but I don't see how bitcoin can put an end to such a major issue as world poverty. It's more of an investment opportunity than a currency. And it will always be too costly to invest in for very large groups of people that are hardcore poor.

bitcoin is doing its level best to reduce the poverty but it will take some to finish it completely bitcoin is providing good sources of income not only to me a lot of needy people they who has no source of income and poverty is a universal problem and a lot of people are still not aware of the bitcoin and some countries are not having internet access so it can reduce poverty to some extent however it is a good effort bitcoin can do it and it will happen soon.

This topic is really so deep. Poverty alone is a very serious problem. Bitcoin can end poverty unless, the rich who gets richer due to bitcoin will be able to share their money to those who are poor or give it to authorities so that those who are in authority can make action plans on how to provide employment to those who do not have income and provide education to those who can't afford to go to school and most importantly to make people learn financial education so that they will know how money works. So if that scenario will happen, then I think poverty will be solved. But the question is, are they willing to share?Are we willing to give and share?

[Kompodd]

Bitcoin does not help to solve the problem of world poverty, because that he is like gold. The rich will use it to make more investments, and the poor will have a much lower financial position.

[Ginosaur15]

I think No, but it helps lessen poverty. Bitcoin can't help people to search for job and work hard for their daily needs, It only depends on people if they work hard for them to help themselves.

[bhadz]

Bitcoin does not help to solve the problem of world poverty, because that he is like gold. The rich will use it to make more investments, and the poor will have a much lower financial position.

It can help to solve every bitcoin user to get out of poverty depending on how he is working with it. And this is a fact, you know how to make grow your investment and it just doesn't grow without doing anything. Unless you are a big time holder and you hold a lot of bitcoin then you can contribute and lessen the people who are in the poverty line.

[Arahara0230]

Yes, it is possible that bitcoin will end world poverty in the future because bitcoin open oppurtunities to people to have a source of income

[Phutr]

In order to reply to such a question, I think it is necessary to start off with the idea that poverty and wealth are subjective notions. Of course we can identify threshold, for example if you don't have enough ressources to feed yourself, you are probably more dealing with misery than wealth.

But when you're done with what life requires, when the needs are fulfilled, only desires are left to be satisfied. Shifting from needs to desires is very problematic because it completely disrupt what anyone could consider as necessary or not given its own point of view (which is influenced by its environment globally speaking (culture, climate, language, ...)).

In Europe, food wasting is almost reaching 30% of the ressources. What does it say about our perception of poverty and wealth ? As food is not a concern anymore in rich countries, the notion of wealth shifts to less necessary goods (electronics, luxury, clothes ...)

What is Bitcoin, as a currency, going to change into this system ? It is hard to see any modification of the global behaviour which is to constantly produce and acquire more goods, and to finally shift our desires to something that is newly designed and that we consider we lack. As a currency, Bitcoin will act the same as any other currency : provide a way to ensure that those new goods can be desired and exchanged by individuals.

[gabmen]

Yes, it is possible that bitcoin will end world poverty in the future because bitcoin open oppurtunities to people to have a source of income

Dude, people will have sources of income with bitcoin that they can use for spending but it can't solve a problem as major as world poverty. There are government and agencies where the solution has to start from. Btc is far from capable of solving this by itself.

[stompix]

No, I think the idea itself is pretty much ridiculous. No offense, but I don't see how bitcoin can put an end to such a major issue as world poverty. It's more of an investment opportunity than a currency. And it will always be too costly to invest in for very large groups of people that are hardcore poor.

I think you are missing the point. Like Bill gates said, Blockchain technology showed us how cheap it can be, there are millions of middle man in every single industry, those guys adding up the cost of almost everything. With Blockchain technoloy we dont need middle mans anymore, there are smartcontracts, there are coins which transfer the value faster and cheaper than fiat currency etc. That is why Blockchain will reduce the cost of almost everything, no more need of middleman. And there are more things will come, we cant even imagine right now. Industrial age is over my friend

Allow me to not understand how buying online tickets for my traveling to Bahamas without a middle man will help people with water shortage in zambia.
The blockchain technology will only help those who can afford to use it, those who have the money.

The ones earning 2$ a month will still be earning 2$ a month, blockchain or no blockchain.

Yes, it is possible that bitcoin will end world poverty in the future because bitcoin open oppurtunities to people to have a source of income

Yeah right, bitcoin will solve everything. Poverty, climate, water shortages, food shortages, cure for HIV...
How do you get a source of income from btc when 5% of the world does not have access to continuous  electric energy?

[Nibeloss]

No, bitcoin can not change poverty. The rich will only become richer, and the poor can only occasionally receive some money as a charity. Here, the state should think of a way out of this situation.

[ilovestroberi]

NO. Maybe it can, ONLY to those people who knows bitcoin. But what do you think of those poor people who doesn't know a single thing about it? Of course, not. They can only end poverty of those people who knows btc but cannot actually end WORLD poverty.

[Icoalert00]

Maybe, i think so , you know why, bitcoin is the most valuable token in this internet generation, bitcoin continuously increasing day by day so if people save atleast 1 bitcoin they will rich someday for sure,

[no0dlepunk]

No, it won't... but obviously, it can make the rich richer... and the middle class, rich.

The poor will remain poor because they do not have money to invest in bitcoins. The only way to end poverty is to at least take money from the rich and spread it equally over the poor, but of course that is close enough to impossible. If only we could go back to 2009, amigo... we could have probably mined plenty of bitcoins and give 1 to each poor people and tell them to strictly HODL it until 2017. In that way, the rich won't have an option but to buy high from the poor... therefore we legally take away money from them and give it to the poor.

[skyline247]

Bitcoin will not end world poverty because most people who invest in it will be late so they will not get big return on their investment compared to the early adopters like us!

[Zuilhsa]

It is not a possible thing to end world poverty by Bitcoin. Poor people and illiterate will be suffering a lot by poverty, they won't have any access to internet and they were the ones with poor knowledge. May be a few come up by Bitcoin but the others may fail.

[pushups44]

I don't think bitcoin can end poverty, but it can pave the way for fairer distribution of global resources. As an idea, it opens avenues for future development. I foresee a future in which robots will do all of the labor, and humans -- merged with computers -- will receive a universal basic income. In this case, poverty is likely to be phased out.

[marcuslong]

Nope but if the world will be accepting bitcoin and help people to learn about it then maybe those jobless who are poor and learn about bitcoin to earn then there are chances the life they used too will going to change like mine because of bitcoin i learned how to manage my money and on how i can be independent without asking money from my parents and also this is the way where i can help them in our monthly bills.

[Malsetid]

Bitcoin will not end world poverty because most people who invest in it will be late so they will not get big return on their investment compared to the early adopters like us!

Wouldn't it be great if bitcoin can actually do that right? Ending poverty in the hands of regular people like us. Though unfortunately it will take more than that to end poverty. Bitcoin may help people financially in more ways than one but general poverty is more than nust getting people money to spend. This issue is too big and broad for btc.

[Mr]

If the world still has the thing which people consider as money, there will always be poverty. People are trying to adopt bitcoin as a new kind of money and therefore, I do not think that bitcoin can easily end world poverty

[Kousei23]

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 yes because bitcoin is a very good way of earning today. Even though you doesn't have any degree all you need it to have is hardwork, intelliegent and of course gadgets. Bitcoin can help people that are short for financials and those people who didn't know where to get money. Because bitcoin is a very big thing today to many people.