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Author Topic: Can Bitcoin End World Poverty?  (Read 62992 times)
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September 18, 2017, 02:42:59 PM
 #981


I absolutely doubt because yes, bitcoin somehow can help us in poverty problem but not in a way that it can be ended but somehow reduce because we all know that bitcoin isn't a stable thing so that we must not focus on it rather always deoend on ourselves and in our actions in order to help us in our own lives to get out in a life of being poor.




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September 18, 2017, 02:51:07 PM
 #982

I think this will only be possible if and only if bitcoin is already legalized throughout the world. If only a plenty of people are aware on what bitcoin is and what it does then then the capability of it to change people will also be limited. But as the number of people who knows bitcoin grows, the higher the possibility that it will end the world poverty. But still I think it is the people who can end bitcoin because bitcoin is just the tool to end poverty.
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September 18, 2017, 02:54:21 PM
 #983

We, the people who use bitcoin has the higher capability to escape poverty due to the fact that we are aware of bitcoin's ability to help you in your finances. If bitcoin will only be known by some people then the probability that it will end world poverty is low and it may be impossible due to the limit it has. We are the one who make our own fate and we should not rely on bitcoin so much because it's just a cryptocurrency.
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September 18, 2017, 03:47:00 PM
 #984

Of course not, because too many people is in poverty, for example in Africa. But in more developed area, like Asia, Bitcoin can help people, because of cheap mining there. Plus Bitcoin also can help people, who understand computer, so in fact Bitcoin help to smart people. With time Bitcoin can change life for people in poverty, but it is not going so fast.  Grin
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September 18, 2017, 04:24:08 PM
 #985

it could be if we understand the rules according to the standard and the ability will work perfectly, about bitcoin need keahihan that must be understood and we will know our ability, almost no one has understood the world economy wisely and precisely if only we can understand, then bitcoin can decrease less anka to the world's poor and achieve our success. thanks.

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September 18, 2017, 11:09:31 PM
 #986

I've read the article, yes this guy really know things about bitcoin. But the thing here is Poverty is a curse. About the collateral thing, how could a poor man buy an asset in a digital world where at the first place he has no money? No one is so martyr enough to give every single man that is poor an asset to eradicate poverty. And even if we say that poor guy has now a property or bitcoin, how could​ they say that that man will be able develop it? Not every​ people are talented, and if that guy is a poor one he could sell all his bitcoin in just a blink of an eye because he has nothing to eat. Poverty? It's always there.
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September 20, 2017, 01:04:52 AM
 #987

You can not tell that btc would really end poverty.There are many reasons for having a problem like poverty.Could be the economy,the government,and different situations involving poverty.Btc can be a big help for everyone,but it can never be the real solution in withstanding the quality of life of people.But it can help LESSEN.

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September 20, 2017, 01:41:34 AM
 #988

Maybe 30% because bitcoin cant end poverty not all human knows about bitcoin and not all can buy gadgets to work with bitcoin. Poverty is the biggest problem in earth even goverment cant solve this one.
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September 20, 2017, 02:30:29 AM
 #989


I think that we are deluded if we think that we can change World Poverty easy by just bitcoin. Yes there is a scenarion that the bitcoin currency can uplift or improve one's own evonomy but there really is no definite prrof that this way is foolproof and that should be a variable that we should really watch out. However I believe that given enough changes on it this bitcoin can change the world.

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September 20, 2017, 03:13:01 AM
 #990

Of course not, because too many people is in poverty, for example in Africa. But in more developed area, like Asia, Bitcoin can help people, because of cheap mining there. Plus Bitcoin also can help people, who understand computer, so in fact Bitcoin help to smart people. With time Bitcoin can change life for people in poverty, but it is not going so fast.  Grin
I am sorry but I disagree with you,  there are so many place in the world that have no bank.  Easier and faster transaction will make small and medium business enterprises grow faster. So job vacancies becoming more and more.  Thecnology can solve problem better than politics. By using bitcoin they do not have to pay on money remittance service. 
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September 20, 2017, 03:19:36 AM
 #991

Bitcoin is constantly evolving and needs more promotions to be known to the world and become an official currency in the future, many companies must know them to invest. To put an end to poverty, it depends on human nature, you have to work to make money with bitcoin as well as you have to work meaningfully as a service in a signature campaign, business or mining. Poverty is a huge problem that the world is facing. More attention should be paid from world leaders to reach out to the poorest
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September 20, 2017, 04:22:15 AM
 #992

Bitcoin helps many people specially when it comes to financial needs it offers many opportunity for income but it cannot help those poor because using bitcoin requires knowledge and proper education and if you don't know how to use this technology you cannot adopt to bitcoin

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September 20, 2017, 12:39:37 PM
 #993

World poverty is actually a pretty big concept, and it exists where people are not even aware of the existence of bitcoin, or even internet. Most slums have people with minimum incomes and their homes are made just from day to day raw materials, and they are not even educated enough to use bitcoin, or internet for that matter.
However, whatever poor people do have access to internet can definitely make use of bitcoin by trying to freelance, and work from home, although there are very few places in the world that actually accept bitcoin as a payment in shops.
So, there may be limited ways for current blockchain/bitcoin to fix world poverty, but in the future, it may actually be able to do so.

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September 20, 2017, 01:50:23 PM
 #994

Bitcoin helps many people specially when it comes to financial needs it offers many opportunity for income but it cannot help those poor because using bitcoin requires knowledge and proper education and if you don't know how to use this technology you cannot adopt to bitcoin
You got it right! Poverty is a big issue that the world is facing for how many decades and will exist forever. Bitcoin can’t end world poverty; even the government can’t do that. However, bitcoin helps us earn extra income. For those poor people, they can’t earn extra income if they are not knowledgeable about it and don’t have internet or gadgets. I’m not saying bitcoin is for rich people only, it’s for everyone as long as you are knowledgeable about it.
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September 22, 2017, 04:36:40 PM
 #995

Bitcoin can't easily solve poverty. It is a long process, there should be an awareness programs or seminars so that people will be aware on the advantages of bitcoin. Diligence is necessary so that individual would strive to help themselves out of poverty.
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September 22, 2017, 05:29:16 PM
 #996

Poverty is balance in life, even if given equal money, not necessarily same in use. Because each person's different needs and lifestyle, bitcoin will never overcome poverty. However, in presence of bitcoin peoples can make money without to become employees.

 
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September 22, 2017, 05:36:30 PM
 #997

Nope , bitcoin can not end world poverty. Life itself is not perfect. So we having rich people likewise poor people in every society or country now and in time to come despite people being rich daily via having access to bitcoin. People rise and some people fall in status. All fingals, ideas etc are not the same.
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September 22, 2017, 05:48:46 PM
 #998

it can help remove poverty from the world if the poor are given education on bitcoins through campaigns or awareness. Poor people can live a better life if they are provided with an opportunity to make money through bitcoins by trading or investing.If not that i may disagree with it.
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September 22, 2017, 06:45:37 PM
 #999

I can't predict that bitcoin will end world's poverty.But I think bitcoin reducing poverty from now because it's giving earning money option to so many unemployment and poor people.Many people are becoming rich for bitcoin.Many people depends on just bitcoin.There are so many families in the world whom are depends on bitcoin.partially.So,in my opinion, bitcoin is doing a great job to reducing poverty.

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September 22, 2017, 07:01:00 PM
 #1000


Word poverty is a big issue and I think it's impossible to end it. World will not be balanced if everyone is rich, it's cruel to say but I think it's hard to imagine and it's impossible for everyone to be equally rich. Bitcoin can provide income to those who know it, and not all who experience poverty know about bitcoin and not everyone who knows it is willing to help the poor.
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