Can Bitcoin End World Poverty?

[Wintorez]

It's hard to say whether or not it will. It is quite real that in the near future with the help of bitcoin there will be less people in need. Unless, of course, these people think about their future.

[Jeger]

I don't think so, because bitcoin will only help the poor in connecting them with decentralised banking NOT ENDING WORLD POVERTY

[Mhedz]

For me i think it can't end the world poverty because earning btc s not so easy and not all people know what is bitcoin and how to earn it.. But if the government of every country will invest on mining materials to mine Btc and distribute to all people,this may be can help everyone in financial problem.

[android17]

For me i think so.. 


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

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In my opinion, I think that bitcoin can't solve world poverty knowing that bitcoin is just a cryptocurrency and the change in the world's economy depends on the action of the people in it. Bitcoi can't solve the poverty within an individual if he would not come to bitcoin and work for it. We hold our fate whether we die lying on the grounds of those who are in the poverty or we die gaining as much as we can because we worked hard for it.

[Kurokonobasuke]

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 bitcoin would only be able to solve the poverty in the world if it's already legalized everywhere. You can not depend in bitcoin if there are still some people who don't know it. We all know that there are still some people who don't have an idea about bitcoin and how it can solve one's poverty. You can not expect bitcoin to magically solve the poverty because it is just a cryptocurrency wherein you need to put up an action to be beneficial with it.

[Kita Kita]

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 at some point because we all know that the influence of bitcoin is widely spread already all over the world. As soon as it become legalized globally, the sooner the poverty will get aided. There are still some instances that may affect the solution of world poverty like if ever someone will doubt the ability of bitcoin or if someone will think it's just a fraud. Everyone have their free will and it is what will bring them out of poverty.

[Theb]

For me i think it can't end the world poverty because earning btc s not so easy and not all people know what is bitcoin and how to earn it.. But if the government of every country will invest on mining materials to mine Btc and distribute to all people,this may be can help everyone in financial problem.

Exactly there is no guarantee that you will earn Bitcoin even on a fixed amount. How can you end something even if you are not sure that you will earn anything? Yes I know there are signature campaigns out there but it only has limited slots in which only a few people can enter. Thus only giving a few people a chance to earn on a fixed rate. Bitcoin cannot sold poverty as it can only help a few people until now. And it is actually up to the person if he wants to get out of poverty or not.

[hachiman13]

Poverty cannot be solved by a single solution. It has far too many factors why poverty came to be like people lacking education, the country's economy and the mentality of the person. If we like to end poverty, we have to address the root, if not, the major problem causing it and i think bitcoin is not yet capable of that feat. Why? in terms of services that bitcoin provides, many altcoins surpass bitcoin it just so happens that it is the pioneer in cryptocurrency.

[slaz26]

Bitcoin can not defeat poverty. The poor do not even have the Internet to use or earn bitcoin. He earns only those who already have enough money for a good life.

[yoonah]

Though it will not totally end the world poverty,  Bitcoins has been able to create job for lots of unemployed people in the world and because of that they are able to feed themselves and their family. Bitcoins has done more than what most governments couldn't do for their citizens that's to create jobs for them.

True bitcoin has help a lot of people in financially because people can now earn through bitcoin even if they haven't graduated from school so it gives them a chance to have a decent payment.

[supercanada1]

Poverty cannot be solved by a single solution. It has far too many factors why poverty came to be like people lacking education, the country's economy and the mentality of the person. If we like to end poverty, we have to address the root, if not, the major problem causing it and i think bitcoin is not yet capable of that feat. Why? in terms of services that bitcoin provides, many altcoins surpass bitcoin it just so happens that it is the pioneer in cryptocurrency.

Yep! It is quite insane to expect that bitcoins all alone can wipe out poverty forever from the face of earth. Poverty is caused by multiple factors and until we don’t address them in detail, poverty will stay in the world. Some prime reasons of poverty you have already mentioned and I do agree with you that these things should be addressed as soon as possible to eradicate poverty.

[KingdomHearts]

Bitcoin is really trying, but it will have to do a lot more to end poverty, as the bitcoin spreads its bringing relief to many, but strong financial hands will be needed to make it happen.

It is so lame to fix eyes on bitcoins to end world poverty when the bloody billionaires are sitting round their money just like serpents ready to engulf anyone who even takes a look of their money. They are not paying any taxes rather this devils are all the time imposing taxes on us. Under such circumstances, how can bitcoins end poverty ?

[kevpantof]

Bitcoin can’t end the poverty in the world, but it sure can contribute its quota to making the world a better and safer place to live in. poverty has been there since the world began so you don’t just expect it to go away in 100 years.

[Coultan]

It would seem like this can make main assumptions about world wide web access and technological infrastructure that in a lot of the developing globe just aren't there however.

[d1ceplayer]

I think not! definitely not because not all people can know what is bitcoin and how it works, like many people who are not experience to go to school, so how can know what is bitcoin? so only the person who has a knowledge and experience to learn something.

 

If the early adopters like us, as you said, will be able to assist those that got in late, I don’t think anything is impossible then. In matters like this, I always take myself as an example. Bitcoin can reduce world poverty, but this opportunity will be for those with access to the internet. I never had a good job in my life until I got into Bitcoin, so it’s a game changer!

[kyori]

It is impossible, not every individual have their own smartphones or computers and not all places in this world has internet they would rather buy foods to live than to buy those things.

[Theb]

It is impossible, not every individual have their own smartphones or computers and not all places in this world has internet they would rather buy foods to live than to buy those things.

Additionally if they even if they do have gadgets and access to the internet it is up to the person's will to earn money that will get him out of poverty. Even before there is Bitcoin there are many ways to earn money from other kinds of investment from putting your money in stocks and mutual funds you can save up and build a capital for you to create your own business but do all people take advantage of it? And the answer is a big no because only a few people get to go out of being poor.

[warrior333]

It is impossible, not every individual have their own smartphones or computers and not all places in this world has internet they would rather buy foods to live than to buy those things.

Additionally if they even if they do have gadgets and access to the internet it is up to the person's will to earn money that will get him out of poverty. Even before there is Bitcoin there are many ways to earn money from other kinds of investment from putting your money in stocks and mutual funds you can save up and build a capital for you to create your own business but do all people take advantage of it? And the answer is a big no because only a few people get to go out of being poor.

Poverty is a combination of many factors. Bitcoin helps solve just one of them. It provide access to the methods of earnings, but still need the desire and the ability. You need to have access to the Internet and for banks to be able to exchange bitcoin for Fiat. No bitcoin will not solve the problem of poverty.

[E-shipper]

Bitcoin can not end poverty, because not everyone has the Internet to earn bitcoins, and many can use bitcoin to gamble and again become poor because of their greed.

[airdnasxela]

For me i think so.. 


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

READ MORE:

Everyon has a choice. Everyone creates their own fate and it is the outcome of their actions. Bitcoin is just a cryptocurrency that gives you the oppurtunity to be rich if and only if you are going to work for it. The fact that the will of the people are the source of happenings in his surrounding makes it clear to us that the solution of world's poverty does not depend on bitcoin. We can't say that everyone will trust and believe bitcoin, so I think it can't.