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Author Topic: Can Bitcoin End World Poverty?  (Read 62992 times)
PG13
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December 30, 2017, 10:57:41 AM
 #2221

Bitcoin can't end world poverty. Poverty is a serious problem that Government should address this with there concrete planning and proper execution.
Bitcoin can only help people who are willing to earn bitcoin. It can help them from his financial problem. But not all people are willing to learn and accept bitcoin. Many are lazy can't even help himself.

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December 30, 2017, 12:36:37 PM
 #2222

Bitcoin will not end the poverty. The poverty will only end if we appreciate the education. Even bitcoin is very popular in the market as long as you don't have proper education many people can fool you.
vincentallstar
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December 30, 2017, 02:44:54 PM
 #2223

I don't think bitcoin can end world poverty, Bitcoin for me is like a managing your own business, you need to have some skill and knowledge on how to successfully manage your business. And how come people success in their life if they have lack of knowledge about it. I think bitcoin can make people improve their life but not for word of "end" world of poverty.
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December 30, 2017, 03:53:00 PM
 #2224

No, but it will hopefully contribute to fight inequalities, as it's already shifting great amount of liquidity from corporations to individuals.
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December 30, 2017, 04:36:48 PM
 #2225

In 2018 we will see how the world together can help reduce poverty #HTW
keykey1
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December 30, 2017, 05:41:12 PM
 #2226

Poverty depends upon yourself, all things in this world are parallel, what you dig in is what you earn. There is no poverty if everybody is responsible industrious and God fearing. Lets accept the fact that our main enemy is our self only.

Bitcoin does not affect poverty. A person either knows how to make money or not. And if you do not know how to make money, Bitcoin will not help you.
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December 30, 2017, 06:00:50 PM
 #2227

I also agree with the idea that Bitcoin will be able to eradicate the world's poverty, but how can we do it? While Bitcoin is still considered illegal and prohibited in many countries? And Bitcoin's ability to eradicate poverty is also difficult because in the world many people are unaware of technology and commercial electronics.

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December 30, 2017, 06:21:37 PM
 #2228

No. Because not all of us can afford to buy Bitcoin even if you can buy a small portion of it. And also not all of us have an access on the internet. Honestly speaking, most bitcoin users belongs to the middle class and higher class people. So Bitcoin couldn't help to eradicate poverty.

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December 30, 2017, 06:23:19 PM
 #2229

Ummmm no, I doubt it.
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December 31, 2017, 09:07:14 AM
 #2230

It can bring ease to the life of those who know how to handle it. Poverty is not directly proportional to any currency (real or virtual). It is linked with other economic factors including policies, infrastructure, technology, and above all the education.
It depends to people how they handle their lives using bitcoin. But don't used bitcoin to end poverty in the world. We need to work our everyday life.
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January 01, 2018, 09:42:50 AM
 #2231

It can bring ease to the life of those who know how to handle it. Poverty is not directly proportional to any currency (real or virtual). It is linked with other economic factors including policies, infrastructure, technology, and above all the education.
It depends to people how they handle their lives using bitcoin. But don't used bitcoin to end poverty in the world. We need to work our everyday life.
Bitcoin can help the poor much more than the developed world will help. People in the West can afford to pay big dues and can live without thinking about their expenses. But those who earn $ 100 a month - can not. For them, access to a global economy and affordable banking is literally a matter of life and death.
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January 01, 2018, 12:43:17 PM
 #2232

I also agree with the idea that Bitcoin will be able to eradicate the world's poverty, but how can we do it? While Bitcoin is still considered illegal and prohibited in many countries? And Bitcoin's ability to eradicate poverty is also difficult because in the world many people are unaware of technology and commercial electronics.
No bitcoin cannot end world poverty.It can reduce unemployment though.It is only a money providing opportunity for those who know how to use it.Firstly,it requires an internet connection which cannot be available to every person and every corner of the world.Many are still illiterate and depend only on physical money for their daily transactions.Bitcoin is also complex and not everyone can operate it.It needs hardwork and time.

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wntner90
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January 01, 2018, 01:22:31 PM
 #2233

It's really hard to say because some advantages of Bitcoin do help to end the world poverty but somes aren't
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January 01, 2018, 01:49:30 PM
Last edit: January 21, 2018, 02:11:47 PM by Waccamaw
 #2234

when trading open for all. talent and cheap workers from Africa will have a chance to work all over world those will give good profits to them countires and World Poverty will reduce but it’s impossible to end.
we live in world controlled by rich and central banks bitcoin is freedom
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January 01, 2018, 02:04:08 PM
 #2235

No it cannot. Bitcoin cannot totally end the main issue here about the world's poverty because it is not such a powerful thing made by man to resolve such kind of scenario. Maybe is can lessen the effect but cannot resolve it fully because poverty was not just about having money but it do also need to have resources to sustain the needs of the individuals, generally speaking the massive out growth of the world's population. So for me, I do not really think so that the existence of Bitcoin can resolve or end the world poverty.
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January 01, 2018, 05:26:31 PM
 #2236

Yes, because it helps lot of people to give more opportunity to invest and earn in bitcoin, especially to those unemployed person like me. Hope i can have some bitcoins. I will buy what i need.
I am not agree with your thoughts because if we look at bitcoin today we will have to say that bitcoin is above all and nothing can ever beat bitcoin today. Income is being provided by bitcoin and making of huge profit is possible just because of bitcoin availability and source of income is bitcoin right now. In future people will be employed because of bitcoin and our social life will also be best because of bitcoin.
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January 01, 2018, 05:28:19 PM
 #2237

Yes, Bitcoin can end world poverty by making the world fulfilled with many rich guys.
Harley29
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January 01, 2018, 06:40:43 PM
 #2238

Bitcoin is just a cryptocurrency, the way we use it as an instrument for escaping poverty is the thing that matters. If we are not going to allow bitcoin become legalie worldwide, therr would be a low possibility that it will not be known by many leading to the lack of connection with bitcoin. Therefore, we can not say yet that bitcoin will end world poverty unless its legalized worldwide.
Bitcoin can do anything as bitcoin is reducing un employment in many countries and it’s also replaced a lot of crypto from market so there is no doubt that bitcoin will be able to end world poverty but I think it’s a very big challenge for bitcoin to do so it need some time to do it it’s not so easy to do it because everything need time and to finished poverty from world it’s a very big challenge but I’m sure a day will come to that bitcoin will end world poverty.
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January 01, 2018, 07:09:22 PM
 #2239

Yes, Bitcoin can end world poverty by making the world fulfilled with many rich guys.

Can't agree with your post. Bitcoin will not make everyone rich. The early adopters might benefit out of the high exchange rates, but their numbers may be quite low. How many people in the world own more than 1 BTC? I read somewhere in this forum that the number is around 350,000 (If I remember correctly, this is given in a thread made by rpietila). This number represents less than 0.005% of the world population.
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January 01, 2018, 07:16:02 PM
 #2240

No not at all, Bitcoin can only help us to get better but without we must help ourselves first. Its a serious problem which can only be solve with a serious planning and execution of Government and countries working together with one goal, which is very unlikely for a human nature will always put up their own interest first before others.

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