Can Bitcoin End World Poverty?

[PokerFace3]

Its posible.but for now i think it will less poverty because even poor people start to earn because of bitcoin even youre at home you can earn .lot of people use data if they dont have wifi at home.at most people already have smartphone.even they are poor.

I think Bitcoin can be the major factor which can erase the poverty from this world. But, it is not possible for Bitcoin to do it all alone. Though it can contribute a lot, but even then we cannot entirely depend on Bitcoin to be our savior. You still need to introduce things like Crypto to eradicate poverty entirely.

[Sithara007]

Its posible.but for now i think it will less poverty because even poor people start to earn because of bitcoin even youre at home you can earn .lot of people use data if they dont have wifi at home.at most people already have smartphone.even they are poor.

I think Bitcoin can be the major factor which can erase the poverty from this world. But, it is not possible for Bitcoin to do it all alone. Though it can contribute a lot, but even then we cannot entirely depend on Bitcoin to be our savior. You still need to introduce things like Crypto to eradicate poverty entirely.

Bitcoin is not a magic solution for the eradication of poverty. It can play only a small part. For example, by using Bitcoins for remittances, the expat workers can spend more money to their families (by avoiding the fee from Moneygram / Western Union). But in order to achieve these, we need to make sure that the Bitcoin transaction fee remains low.

[Red Fire]

For me i think so.. 


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

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There are some chances that it may end world poverty because as of now, bitcoin is widely known by almost everyone in the world. Although it is well known by everyone, there are still a lot of chances that they don't know how to earn with the help of it. The power of knowing how to earn through bitcoin is not yet handed to everyone so I think it will still take a lot of time before it will happen that bitcoin will end world poverty.

[Bakugan]

For me i think so.. 


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

READ MORE:

Based on the bitcoin's power nowadays, I can barely see bitcoin as the solution to world poverty in some ways. The fact that it will still be the decision and will of the people that will complete the formula to end the world poverty completely. Because if people will not put up an action to end world poverty then it will not happen. The will and decision of people to know bitcoin more and learn how to do it is more important than you think it is.

[wowanstrong]

No, bitcoin can not end poverty all over the world. This is an investment for those who can afford to allocate part of the money to it, and the poor do not even have the Internet to use the crypto currency.

[NoNetwork]

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.

Poverty needs serious attention from the billionaires who are ruling the world. They should rather stop investing money for destroying others and should pay attention to help poor feed their families. Bitcoins all alone can’t simply put an end to poverty. They need a great support from governments to do so.  

Of course our salary from Bitcoin not enough for help poor people, even you are billionaire, there are many poor people still cannot receive your subsidize. World poverty is a field not reasonable with Bitcoin, because this is responsibility of government.

The wrong logic that we get about POVERTY is just not exactly the way it is. You see poverty cannot be solved by giving poor people money/fiat alone.

I think the first step for resolving this kind of catastrophe is by analyzing the situation very carefully, it should be 'identify and understand the problem'. After realizing what are causing to make the problem exist will be suffice the need of action. Meaning, we can now develop plans and objectives to reduce what causing the problem. If those conditions were to be reduced in the least most effective way then we can take the next step on eradicating the problem.

You see we always assume that having so much money/fiat might solve such problems but instead we are only making it more worse. As we notice, all those who're billionaires don't partake in this kind of problem, not that they are cruel people but the government's consult is needed to do so.

So don't expect so much to Bitcoin, I'm sure many people have already helped by it. But the thing is, its just another currency that must be utilize according to what the user wants.

[bololord]

bitcoin is made of course for economic improvement, including to reduce and even eliminate poverty, but everything goes back to state policy, if the state wants to think for good, of course, it can immediately legalize bitcoin.

No, in my opinion, Bitcoin give us the opportunites about make money and helps the people have knowledge and economy for enough buy a PC and internet connect online. This is reason Bitcoin cannot helps end world poverty.

why you are just looking at it like that? people should take this as an advantage with how bitcoin investment and knowledge will be very useful in the long
run, if you look inside this forum many people already gain a lot we just always think positive and keep it up to look for more ways to earn.

Being positive is a must with bitcoin as well other digital currencies. Same positivity won't lead to end the poverty which is a major issue for years. Our forum gives access to earn, but the same can't be done by everyone. So even the positive people can earn only if they're educated. On this belief educating each and every people is the only way to eradicate poverty.

Yup thats right i think bitcoin cannot end world povrrty . because many people nowadays dont know all about bitcoin . and many poorpeople dont have enough knowledge to learn this and to  know this . but for me bitcoin is the one thing that can REDUCE a little poverty to many country.

[Matcuda]

In addition to the fact that in poor countries, many do not even know what bitcoin is, those who know what it is can not afford to buy this crypto currency. All because they do not have enough money to buy it.

[lllaqpt]

Bitcoin can not complete poverty, because it is an investment that wealthy people can afford, rather than people from poor countries who do not even have the Internet.

[Therly]

I really do not think any currency can conclude planet poverty, be it bitcoin or some other digital currency that’s but to be invented. The gap amongst the inadequate and the abundant carry on to widen and only a whole reset and equivalent redistribution of wealth can  potentially finish poverty. There’s so much prosperity in the globe, but the wealthy just will not let go of their homes so effortlessly. The poor are likely to carry on to undergo whilst the abundant would nonetheless find approaches to expand their holdings.

[Nerman]

i think that's a stretch. Bitcoin just like money can be earn by either investment (mining, investment website etc) and working for it. 3rd world countries are getting billions and billions of donations but that's not enough to end world poverty.

[Edrian]

Well I think that it will help not even 50 percent of the world's poverty that is really impossible. There should be a balance in the world and poverty is just part of it. Bitcoin helps in solving someones necessity. It doesn't even make some people to get rich if that person will not wait for a long time, invest a lot or have been trading or gambling with a chance of luck.

[NoNetwork]

It appears like this can make key assumptions about web access and technological infrastructure that in significantly of the building planet just are not there however.

I think I get what you meant but your explanation is so deep that it would require more constructive explanation about it.

I mean if you're talking about the Bitcoin 'could' reduce or even eradicate world poverty, well I would say that could. But since the potential of Bitcoin is still not that high and only fewer countries have already accepted it as means of payment then it will be impossible just for now.

I think Bitcoin should first solve its own problem and then solve other's problems. Besides poverty is a massive thing to say we could solve it by just giving them money.

[Zemangat]

I think bitcoin taka will end poverty in the world. because not all poor people can believe in bitcoin. and they do not want to invest bitcoin. maybe only a few of them understand about bitcoin and start to invest. poverty in the world is not all affected by economic factors alone. sometimes poverty occurs because of the old country's conflict factor. thus making the people poor. the war between countries also makes poverty will continue .. that leads to death .. I think bitcoin could have given them income but not guarantee security for them avoid conflict. the long conflict makes the country paralyzed in the economy.

[Succurs]

I think that bitcoin will not set an stop to entire world poverty, simply because it is funds that you want to generate. In nations the place there is no Web, they simply can not even see bitcoin.

[Janinejoson]

Not totally yes because many of people or many people that lack of money don't have any of gadgets like mobile phone that's why they don't know about cryptocurrency.

[Quidat]

Not totally yes because many of people or many people that lack of money don't have any of gadgets like mobile phone that's why they don't know about cryptocurrency.

This is right, lack of resources or the thing which are mainly needed on engaging on bitcoin would really be a big blockage on such adoption or awareness on bitcoin.Poor people doesnt have these kind of stuffs even having a capable mobile and how much more on having an internet connection.They would rather choose up on making things that would make them survive.

[katiecbell]

No, bitcoin can not end poverty all over the world. This is an investment for those who can afford to allocate part of the money to it, and the poor do not even have the Internet to use the crypto currency.

That’s true. Bitcoins can improve your financial status only when you have invested good capital into bitcoins but those who are unable to make investments are surely not going to enjoy any profits from bitcoins. Bitcoins can reduce unemployment but can’t finish poverty from the world.

[Aikidoka]

I have high expectations that bitcoin will end world poverty if no one interferes. If they let bitcoin do the work, poverty will be gone once and for all. I am neither rich nor poor, but I am relying on bitcoin and believing in it. Honestly, I find myself comfortable when using bitcoin. My source of money is from bitcoin. My mom is not giving me pocket money. That's why I thank bitcoin for helping me be positive. 

[Avametra]

In order for bitcoin to complete world poverty, it is necessary to eradicate corruption and provide an opportunity for improving the economy in poor countries. But this can be done with any other currency.