Can Bitcoin End World Poverty?

[youdacapt]

Bitcoin is able to reduce the weakness of human resources to optimal, the current civilization system requires the community to follow the strata of business and education to be actively involved and reactive. In my opinion, bitcoin will help many countries to get rid of this problem and their duty is just mandatory to make strong regulations on crypto currency.

[youarehere]

i think so because bitcoin can reduce unemployed by just using bitcoin for me bitcoin can be source of income

[plaintiff77]

It can definitely end the number one problem of our economy nowadays which is poverty. Specially in out country,i admit we have this problem which is severely. That is why i consider bitcoin as a blessing to everyone. If a certain person would put so much effort to bitcoin, with perseverance and patience, nothing is impossible. It can end world's poverty. We all can witness the standing of bitcoin in the market, it has an exchange rate which is very high compared to all other currency from different parts of the world. Its very unbelievable and amazing indeed, yet it has been helping thousands of people already. Thats why it is really the answer to poverty that the world have been experiencing.

[trickee]

For me i think so.. 


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

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yes why not.bitcoin is great.more focus more earn.bitcointalk is for who those have no job at this time but it is also possible for those who have already work .

[mariaana]

Bitcoin can lessen poverty but can never end poverty.

[ACVinegar]

In my opinion, bitcoin cannot end the world poverty because poverty is one of the problem of many country that until now they cannot control to be stopped.
But I think bitcoin can help only to lessen most of the people that jobless, no permanent income to support their family lives.
So for me, bitcoin can lessen the poverty but will not end the poverty.

[Genemind]

For me i think so.. 


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

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This is true. The good thing about bitcoin is that it is not just for people who are already rich or has enough in life. It is also for people who are poor. As long as they have enough knowledge and background in bitcoin, then there's no problem.

[Netnox]

Bitcoin can lessen poverty but can never end poverty.

The effect will be insignificant. For someone with zero money, Bitcoins doesn't matter much. He may not be having a bank account and he may never think about creating a Bitcoin wallet. As a currency/asset, Bitcoins are more suited for the middle class and the rich elite.

[wurth]

If you believe in bitcoin or whichever cryptocurrency that takes over as the leader of this space as a store of value and means of accounting, it will help alleviate some symptoms of poverty.

Without having to store fiat in a bank or other financial intermediaries, one minimises his risk of being "robbed" of his money should our current financial system encounter another crash and these banks collapse.

Another angle you can look at is the accessibility of investment products for the "less wealthy". In most countries, setting up an investment account comes with administrative fees, minimum investment sums that will deter the young adults with limited savings or the poor. Crypto exchanges in this competitive space mostly charge low fees, and participation in token sales/ICOs cost a fraction of traditional IPOs, and offer potentially much higher returns. This provides an attractive avenue for young and less wealthy investors to park their money.

Of course this is an optimistic view of crypto markets, things can go very wrong in the near future.

Indeed, Bitcoin will decrease the rate of poverty in the whole world but it will take more long time because this a major problem in most of the countries and bitcoin is the main way which can reduce the rate of this problem because bitcoin is giving chances to all type of people in the world of jobs which can earn money by setting in their home.

You forget Bitcoin is only a cryptocurrency and almost the income can earn from Bitcoin are from trading it. You can not call campaign or freelancer are the job of Bitcoin. Because before we have Bitcoin, freelancer can still make money and get payment through others gate payment.

[jaaeeeyyyy]

No it can't . Bitcoin is limited and can only occupy a large space of population but our necessecities are unlimited. Poverty won't end , it will just pass family generation to another generation but bitcoin would probably help to lessen the number of poor.

[Anjazvatoni4]

my opinion, maybe not.
Because, reducing poverty not only recognize bitcoin alone.
But there must be cooperation between state governments.

[Byatt]

no because even if you have the good intention to share or to teach other people about it they would not still jump to it and just believe on the traditional business and other profession or job that they may have.  It is also a process of collaboration to the government of each country to the community because if it is legal to one country then it would be easier to transact bitcoin rather than a country who banned bitcoin and didn't accept as their money for payment.

[bncbnc]

No it can't . Bitcoin is limited and can only occupy a large space of population but our necessecities are unlimited. Poverty won't end , it will just pass family generation to another generation but bitcoin would probably help to lessen the number of poor.

Yes i also agree with you, i also do not think that it can be possible in present time that bitcoin wil lend world poverty, because bitcoin is a currency and i do not think that a currency can help in controlling world poverty, and specially for a very new emerging currency where the users of such currency are not more than 2% of the totally population of the world.

[orions.belt19]

If you believe in bitcoin or whichever cryptocurrency that takes over as the leader of this space as a store of value and means of accounting, it will help alleviate some symptoms of poverty.

Without having to store fiat in a bank or other financial intermediaries, one minimises his risk of being "robbed" of his money should our current financial system encounter another crash and these banks collapse.

Another angle you can look at is the accessibility of investment products for the "less wealthy". In most countries, setting up an investment account comes with administrative fees, minimum investment sums that will deter the young adults with limited savings or the poor. Crypto exchanges in this competitive space mostly charge low fees, and participation in token sales/ICOs cost a fraction of traditional IPOs, and offer potentially much higher returns. This provides an attractive avenue for young and less wealthy investors to park their money.

Of course this is an optimistic view of crypto markets, things can go very wrong in the near future.

Indeed, Bitcoin will decrease the rate of poverty in the whole world but it will take more long time because this a major problem in most of the countries and bitcoin is the main way which can reduce the rate of this problem because bitcoin is giving chances to all type of people in the world of jobs which can earn money by setting in their home.

Sadly, poverty is a multi-faceted problem caused by politics/corruption, lack of quality education, access to a reasonable job market and more. Bitcoin and other altcoins at the end of it all are just tools to HELP solve these issues, and not the full solution.

I agree. Solving poverty is quite complicated. Although that bitcoin may help in alleviating poverty, it won't totally eradicate it. We have to look at the root of the problem. There's a lot more factors into it such as the structure of society and economy which prevents solutions such as this to totally get rid of poverty. There will still be a presence of poor if we continue to have corruption and unfair distribution and treatment in the world however this is the sad reality.

[Md.Sufian]

Bitcoin is such as revenu,which is more valuable than gold.It is a section important in the world.By which the world can overcome poverty.

[mininghubby]

Bitcoin is such as revenu,which is more valuable than gold.It is a section important in the world.By which the world can overcome poverty.

Bitcoin is not God that can really change the world for better and with regards the aim to reduce poverty, I think people were given the opportunity to enjoy the resources that's here on earth like education. So if poor people will be as poor as before, but certainly it's a no for now because if a person will put hardwork on every job that he have; he will gain better income. Poverty will end if all people's mind were created equal, but it's not possible because for my own observation now; poverty is a choice and through bitcoin as long as you're an open minder person there's a lot of micro jobs that lets you earn good income through bitcoin. By that strategy you maybe having those opportunity to suppress the poverty of every people in the world now, depending on how a person is positive to pursue his dreams of aiming higher for his finances.

[bentong talong]

For me i think so.. 


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

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Well we cannot fully depend on bitcoin since the decision of the people is the main thing that can end world poverty. We can say that bitcoin is all powerful but what will matter the most is if people would use it as an instrument to get out of the poverty. Aside from it, bitcoin is not yet legal in all the places in the world so the certainty that people will know it and will use it is low since they don't have any idea about it.

[airdnasxela]

For me i think so.. 


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

READ MORE:

Unity is much needed if we are aiming to end world poverty. If people in the world will keep on making war and being corrupt or greedy, then there's no chances that world poverty will come to an end even with the help of bitcoin. There's no assurance also that people will really use it as a tool to end world poverty. Some countries are even banning bitcoin and they think bitcoin would not help in this matter.

[koyo12]

For me i think so.. 


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

READ MORE:

YES bitcoin is the way to end poverty in the world, but it depends in community or government who handle their people to used bitcoin.

[Granxis]

no because even if you have the good intention to share or to teach other people about it they would not still jump to it and just believe on the traditional business and other profession or job that they may have.  It is also a process of collaboration to the government of each country to the community because if it is legal to one country then it would be easier to transact bitcoin rather than a country who banned bitcoin and didn't accept as their money for payment.

Many third world countries and African countries have made their currencies more affordable, with the impact of BTC. It certainly will not end btc poverty but it will be beneficial to developing countries.