Can Bitcoin End World Poverty?

[szpalata]

Bitcoin is not a magic spell wherein it can instantly end world poverty. Even if in the long run, it is not the answer. Yes it has its own benefits and it made online transactions much easier but not in this case.

We should know is the cause of poverty, the presence of bitcoin is not an instant solution to eliminate poverty, it takes a long time and if not supported by good education then they remain poor.

Bitcoin cannot single-handedly end global poverty but might try to eliminate some pockets of poverty through provision of online jobs to people around the world who can get paid with bitcoin. It's a collective effort if we want to completely eliminate global poverty and so we should rely on only bitcoin but governmental interventions and support also.

[googs84]

From $0 to $7000 bitcoin currency is a miracle. Bitcoin made its investors not only rich but changes their life completely. Erased their poverty permanently. But it is wrong to think or assume that rising price of bitcoin will reduce or end the world poverty completely. No currency ever eradicated world poverty from last hundreds of years. To erase poverty we need to educate people , help them to fulfil their basic needs by creating jobs, Provide them electricity, roads and housing facilities etc. Bitcoin is just a currency, we can reduce poverty by using that currency. Bitcoin and its related activities may create jobs for people.

[Kisanaq]

Poverty is a very complex social issue, I'm sure if bitcoin is managed properly and legalized by the government then bitcoin is certainly able to reduce poverty.

[BILGPS]

Yes bitcoin provide a good platform for those who are unemployed in the world it is an opportunity for unemployed peoples and most of the people are doing best by the help of bitcoin it will end world poverty once they enter into the crypto world then the chances to become rich is high.

[Streamlink]

BTC cannot end the poverty, but it can at least facilitate and reduce costs of money transactions which means people can have more money

It is providing the best and the other opportunities to the bitcoin and the value of the bitcoin as the best and the other currency now almost all the people are buying the bitcoin and they are getting the benefit from the bitcoin and the best currency of the bitcoin and the a lot of the people are getting the huge income through the bitcoin job and the bitcoin investment for the short time.

Bitcoin offers opportunity to each and everyone in the world. It gives a chance to make poverty low, as it can't be diminished completely but it helps us to overcome in the poverty of a country. Due to bitcoin the life style of many people has changed.

Bitcoin attract people itself and give a big profit to those who are investing in it. It can help a country to improve its economy and to improve the condition of poor people of the state.

[ronafurw]

For me i think so.. 


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

READ MORE:

For the record, we can not depend all the solution of poverty in the world with bitcoin since it was not meant for that thing. We should be able to minimize useless mindset in the society and renew it with a useful and wise mindset so that they will decide themselves to end their poverty within their lives. Without their decisions, bitcoin will make no sense with their lives since bitcoin is just the instrument and you will not benefit from it unless you enter and learn it yourself.

Yes indeed its possible and bitcoin can end world poverty because bitcoin is playing a very big role in economy of countries and it have already reduce unemployment in countries so bitcoin only just need time to end world poverty because bitcoin is going to welcome by countries and they allow bitcoin in their countries to end poverty .

[AtticO]

No it will not. It will make some people rich and a lot of people poor.

it's just simple logic. You first of all have to either have a lot of money to invest in it f you're to late or you have to be early. If you bought high and panicked, sold low and then rebought you already lost money before making any. if you're to late with investing and only have little you will not earn a lot.

So in my opinion, people will win money, but not everyone can, so a lot of people will also lose. This market is manipulated by people with a lot of money who can make you do stupid things.

[Mainman08]

I think no because not everyone has access in the internet. How can the poor can do bitcoin if they dont have a gadget to use. Bitcoin can lessen world poverty but it cannot end the world poverty.

[Zandar]

Since one cannot eat BTC or even physically touch it, it cannot end world poverty. People invest in it for themselves, they don't to make you or me better, everyone in it is in it to come better out of it. Since money and any other commodity did not end poverty then BTC will not either. Only one thing can end poverty and that is people. If everyone would just help out another human being without asking anything for it back, poverty would be resolved within a week. But no, most humans are selfish greedy beings. For every money made it means that much money did not end in anyone elses pocket, so the richer one gets the more that person has stolen away from everyone elses pocket.

[alexv10av]

The cause of world poverty is greedy and greedy officials and politics. A bitcoin or fiat money or electronic, gold is just a kind of money!

[arlinxoha]

Yes! I think Bitcoin can end the world poverty. But it will be too late. It is not possible to change everything so easily. But many countries need help. Because Bitcoin is not valid in many countries, Bitcoin must be valid before those countries. Many people are so poor that they do not even read and do not have money for internet access. Therefore, these problems must be resolved earlier. Which Bitcoin alone can not afford. Need help with mutual help.

[georgiyfo]

I believe for me bitcoin is just a currency, poverty is not dependent on forex but in truth how they will get a forex. If they are hardworking men and women then they could finish up their very own poverty but if not bitcoin cant assist with them.

[rushel22]

I believe for me bitcoin is just a currency, poverty is not dependent on forex but in truth how they will get a forex. If they are hardworking men and women then they could finish up their very own poverty but if not bitcoin cant assist with them.

In my opinion, it will also depends on the diligence and willingness of the people who wants to escape from poverty. Because if the people are not willing to escape from poverty of course bitcoin cannot help them. They also need to trust bitcoin that it could help them solve and escape their status in life. They just also need to be diligent enough to earn bitcoin and will not be lazy because even if you already have bitcoin, you cannot earn if you will not work for it also just like in the real workplace or office work.

[belalangsembah]

For me i think so.. 


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

READ MORE:

not easy to end the poverty of a country, if the presence of bitcoin can supplement one's income in order to meet the needs of his life

[joan26]

Hopefully.. No one wants poverty. If all the people in the world have gadgets,internet connection and the knowledge about crypto  maybe there were no poverty at all. Maybe.. Because this way they can earn not just a cents but you can earn a lot more if you're wiser with cryptos.

[HashtagHustIe]

BITCOIN is maybe not this answer of every questions like no more world poverty. Nevertheless, the technology behind many altcoins and Bitcoin as well allows the planet to enhance conversation and spreadind of technologies. Cash is going to be designed to assist country to develop on their own without the omnipresence of the innovator. Theses money can be bitcoin for instance

[desanti]

I think bitcoin can only end poverty only for people who know about bitcoin alone, but for those who do not know about bitcoin then their lives will always be in poverty.
for example like in some places that do not have Internet access space.
such as in remote rural areas far from the reach of electricity and the internet, whose job is to rely on agricultural products that make their lives very short of necessities.
so I think Bitcoin can only cope with poverty only For people who know bitcoin and how to get it bitcoin.
so bitcoin will not be able to overcome the world's poverty, because in addition to the limited amount of bitcoin and many people also do not understand how to use Bitcoin.

[Sled]

I think bitcoin can only end poverty only for people who know about bitcoin alone, but for those who do not know about bitcoin then their lives will always be in poverty.
for example like in some places that do not have Internet access space.
such as in remote rural areas far from the reach of electricity and the internet, whose job is to rely on agricultural products that make their lives very short of necessities.
so I think Bitcoin can only cope with poverty only For people who know bitcoin and how to get it bitcoin.
so bitcoin will not be able to overcome the world's poverty, because in addition to the limited amount of bitcoin and many people also do not understand how to use Bitcoin.

People who are homeless, uneducated those are the type of people who cannot understand bitcoin and even use it so what is the possibility to end the world poverty with bitcoin? 0% the bitcoin is a new technology and it requires internet and a device so the chance for the homeless and the people who can't read to understand bitcoin is impossible.

[mikel00]

i think so because bitcoin is big help ofcourse if you are jobless because is hard to find a job nowadays

[Blockfolioz]

Bitcoin might support the people financially, with the users who have been into bitcoin as well with the people who have got good education. The same won't make an end to the world poverty.