Can Bitcoin End World Poverty?

[4U]

Poverty is like War. As long as there is someone who wants to get more powerful, he will do anything so that he can still control many people. If his citizens are poor, its easy to make them or force them to do things just to survive as anything he wants so bitcoin can't solve it either.

Its possible for bitcoin to make it possible because bitcoin is the only currency which can do anything but I believe that it’s a very big challenge for bitcoin and I think it will take some time because it’s a very tough job to do so for that I think world need to make bitcoin legal in any single country if bitcoin become legal around the world then it’s a very easy for bitcoin to end world poverty because I know the power of bitcoin as its already reduce unemployment in my country.

[@matthew17]

It cannot end the world poverty but it can help to all people who suffered for that .

[Tavarez]

World poverty will never be ended but bitcoin and other cryptos have tremendous potential for the poor and marginalized of the world to also see benefits from these technologies. It will help those people who didn't have access to the banking infrastructure or credit.  Crypto technologies have the potential to help the poor by reducing excessive remittance fees, giving greater access to financial institutions, combating inflation and perhaps even helping to end corruption.

[BagzMM]

Poverty can be define as No Money. As result of the corrupt society and bad Education. To fight poverty it needs a long term plan.
Bitcoin will definitely help the society but only to those who know the system and understand the process. It's a Big Challenge to End World Poverty.

[brickafterbrickwalldpt]

Not really. Thing is alot of Africans don't have the access to many of the things that are easily available to people leaving in the first world countries. Access to the internet isn't really on the top of the 'to-do' list that the nations situated on that continent have. Not to mention other problems that burden the people living there everyday. It would be hard to fix their problems even with bitcoin, it wouldn't be all that different to the measures that are being taken now to help the struggling nations in Africa, the strategy would be a bit different given the nature of bitcoin. Bitcoin can revolutionize the world economy, but it wouldn't solve all of the problems the world has.

[fearcoka]

Poverty is like War. As long as there is someone who wants to get more powerful, he will do anything so that he can still control many people. If his citizens are poor, its easy to make them or force them to do things just to survive as anything he wants so bitcoin can't solve it either.

Its possible for bitcoin to make it possible because bitcoin is the only currency which can do anything but I believe that it’s a very big challenge for bitcoin and I think it will take some time because it’s a very tough job to do so for that I think world need to make bitcoin legal in any single country if bitcoin become legal around the world then it’s a very easy for bitcoin to end world poverty because I know the power of bitcoin as its already reduce unemployment in my country.

The power of Bitcoin? You are really funny, I didn't hear anything as the power of Bitcoin can help the world be end poverty. This is a currency, how do it provide the job for you? Do you want to the people become the trader? I don't think this is a solution, you should give me more proof to prove your idea is right .

[Jeremiesaranza]

For me i think so.. 


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

READ MORE:

No not in  all ways bitcoin  can end up poverty, it depends upon the people how they manage and use bitcoin and not all people are knowledgeable in bitcoin..

[Acquaint Project]

No, Bitcoin will not end world poverty !

It is bad practice that anyone wishing to push their
agenda on Bitcoin rides on this.

I see it happen everyday that people use the name of Africa to put their agenda
Forward on how Bitcoin will help the bottom billion, impossible !

If anything it's going to make conditions more terrible, more than
50% of the African continent cannot access the Internet reliably.

Needless to say we all know where world poverty is dominant, if anything, Bitcoin
Will promote illegal outflwas of capital from developing countries.

Now watch as Bitcoin Cash rides the 'African Wave' to pump in 2018.

[lprytk]

can us dollar end poverty? of course no. bitcoin or other altcoins can't end poverty and that is not their purpose.

[leyton11]

can us dollar end poverty? of course no. bitcoin or other altcoins can't end poverty and that is not their purpose.

Yeah, I like your comparison. Cryptocurrency and Dollar all the money, in the concept. Therefore, both all can't help the world be end poverty, this is the issue of the human are living in the Earth, it isn't the issue of the tool.

[kkukkugaga]

No because poverty is human issue. BTC cannot work on its own. It still need services from people. Btc can only help the needy. If we encourage ourselves to work, we can help our economic life increase. If that happens then we can lessen the cause of poverty.

[wxa7115]

I think it can reduce poverty but thinking that it will remove  or end world poverty. Bitcoin has a tremendous potential that it can do anything and can take the world anywhere.  But talking about end of World poverty.  Bitcoin has the potential to change the world economy and paper currency but it is to hard to believe or to imagine that it will end world poverty.  As bitcoins is a virtual currency concept. It is only benefit those who own them,  so for buying bitcoin you need a investment and that investment is only done by a stable person no poor can do that.  So I think bitcoin will only make rich richer but not to poor.  It may gives and increase the employment and may reduce unemployment but ending poverty is not possible.

Bitcoin cannot reduce poverty, at most what bitcoin is going to do is to reset the game, where people that had everything in fiat will be losers while those that have bitcoin are the winners in this new system a currency does not generate wealth, that is classic mistake many people make, a currency is a way to keep track of the wealth of the world and nothing more.

[arallmuus]

Bitcoin cannot reduce poverty, at most what bitcoin is going to do is to reset the game,

You are definitely not making any sense at all

where people that had everything in fiat will be losers while those that have bitcoin are the winners in this new system a currency

That wont happen at least not for now. Do you think that the government would just let this kind of thing goes without their control and let bitcoin takeover? They wont and this probably wont be happening

that is classic mistake many people make, a currency is a way to keep track of the wealth of the world and nothing more.

Not entirely correct but atleast you are making more sense now. Currency is a tool to purchase things. If you cant use it to purchase anything then it is not currency at all but more like a property

[bobbykulot]

Yeah, bitcoin can end poverty it is great help for us especially to unemployed they can work here as a part time job if they have a job they can buy their foods and their daily needs.

[bohr]

In my opinion, No and it depends on a person if he/she have knowledge on computer and even analyzing the priced of bitcoin. But the very important are have patience and hard working. Bitcoin is not a magic that people invest now then tomorrow is you can make huge profit. It's hard to end poverty even bitcoin can't vanished poverty.

In addition, bitcoin can only be used for those who have internet access, as we know that there are still many countries that do not have good internet access so that this does not bring any impact to them.

You need Internet access and while that is a limitation at the same time it is not such a great thing, even in some of the poorest places in my country people can still get access to computers and the Internet for free in libraries and schools, obviously using such devices to access your bitcoin is risky but it could be a way for people to use bitcoin without owning a computer themselves.

[$$$sparkles$$$]

For me i think so.. 


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

READ MORE:

I doubt it. First of all, majority of the world’s population below or on the poverty line. Meaning, most of the people on the planet have no access to the internet. With this, no Bitcoin for them. Second, it will take tons of effort to be able to educate and make people understand what Bitcoin is. Third, corruption is rampant in the governments. With this existing, with or without Bitcoin, poverty will remain in the system.

[marcuslong]

No because poverty is human issue. BTC cannot work on its own. It still need services from people. Btc can only help the needy. If we encourage ourselves to work, we can help our economic life increase. If that happens then we can lessen the cause of poverty.

It is true situation that our country men encounter people are lazy to find way on how they can move on that poverty sincebitckin is there you only need is to grab the opportunity to use it not because the bitcoin itself it can help you in the way you wanted no , inspirstion to use bitcoin atleast a little bit knowledge about trading. It will increasing our econnomy soon.

[drunkbillmurray]

Great article, cheap payments will definitely help emerging economies, however that is not end world poverty, there is a nice idea on the article but is missing some development

[ClayDouglas]

The value of things come from how much work is put into. As long as that's the case, people are not going to work, build things if they don't need to. So there's always going to be richer and poorer.

[judgememes]

For me i think so.. 


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

READ MORE:

I doubt it. First of all, majority of the world’s population below or on the poverty line. Meaning, most of the people on the planet have no access to the internet. With this, no Bitcoin for them. Second, it will take tons of effort to be able to educate and make people understand what Bitcoin is. Third, corruption is rampant in the governments. With this existing, with or without Bitcoin, poverty will remain in the system.

Very good answer, it resumes basically all the issue around the ideas, furthermore things resulted of bitcoin implementation can help to boost the entire world economies, even these underdeveloped if the technology falls in the right hands