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Author Topic: Can Bitcoin End World Poverty?  (Read 62993 times)
jeraldskie11
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January 14, 2018, 03:41:21 PM
 #2381

Yes ofcourse because even the poor people are able to use bitcoin when they could just read. The evidence is me, because i'm only a highschool graduate and when I use bitcoin in trading I earn like what professionals earned and sometimes more.
wooch4aeye
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January 14, 2018, 03:53:10 PM
 #2382


it can reduce world Poverty but can’t end it. bitcoin is not a magic
best way to end World Poverty is by shearing bitcoins between rich and poor

shezu007
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January 14, 2018, 03:55:00 PM
 #2383

Yes ofcourse because even the poor people are able to use bitcoin when they could just read. The evidence is me, because i'm only a highschool graduate and when I use bitcoin in trading I earn like what professionals earned and sometimes more.
Well, Positive and good thinking about BTC and appreciate your experience also. Poverty is the main problem of some large countries and their solution is very hard for them and they have tried their best but still they are not getting success but BTC is the only way that have get they way of success in removing that problem, still it have not remove poverty as a whole but have taken big step and improve life of many peoples.
reymartH
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January 14, 2018, 04:00:58 PM
 #2384

Bitcoin can not end the world's problem poverty included.Third wold countries are the ones mostly affected. Their poverty is too deep that most of them can not access the internet then how can bitcoin which needs internet connection help them.

An astonishing amount of countries and people still do not have access to electricity on this great planet of ours. An estimated 16 percent of the world’s population
zeaderza
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January 17, 2018, 07:45:29 AM
 #2385

Bitcoin can not eradicate poverty around the world. Even if it is not bitkoin and another currency The whole world has always been divided into rich and poor. Dengi is not the goal. A goal is a person's needs. If a person sets a goal to get education to open and develop his business. This person will be rich. And if, for example, a drug addict or alcoholic also needs money. But their goal is different. Therefore, such people will never be rich.
I think the same in this matter. Poverty is a very big problem and Bitcoin alone cannot handle this. It is far more than its potential. Even if we combine all the crypto currencies of the world still we cannot manage to get rid of this problem. 

However the effect of Bitcoin on the financial status of the holder is very clear. Like you said it is capable of improving the individual’s economy in a dramatic way.
amrahova_s
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January 17, 2018, 08:13:56 AM
 #2386

Balance should be in everything, so I think that don`t matter what will change in the world, some things will stay the same.
neonshium
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January 17, 2018, 08:23:17 AM
 #2387

bitcoin will help to reduce poverty in the world, because bitcoin will be a pretty good source of income used by countries with high poverty rates. indeed all can not use bitcoin but bitcoin will reduce the level of poverty it. bitcoin is a money laundering business run by business people who know how to make transactions. all can use bitcoin to include it to schoolchildren or citizens who want to earn extra income to reduce poverty.
There is no power that can make bitcoin disappear except for GOD. So many people who are in authority are against bitcoin because bitcoin is making people live financially independent lives where they are no more dependent on government subsidies and loans.

This is the reason why there are statements that bitcoin is involved in criminal activities blah blah. Bitcoin has support of common man, it won’t disappear.
Lago_V
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January 17, 2018, 08:42:16 AM
 #2388

No. People should have resources and knowledge to know how to benefit from Bitcoin. Bitcoin itself is not going to save anyone.
Algochain
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January 17, 2018, 08:52:07 AM
 #2389

A decentralized system can.
loyseu
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January 17, 2018, 08:52:38 AM
 #2390

I don't think bitcoin can end poverty in any way because it the family believe that they are poor they will stay poor all of their life. If they have that kind of mindset any thing will not be their bridge to success because themselves they don't know what they are capable of.
chrisculanag
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January 17, 2018, 09:18:09 AM
 #2391

Bitcoin is cant end the poverty , bitcoin is a crypto currency . Bitcoin users can help to reduce poverty if depends it how to share to the communities . There are many bitcoin foundation that help the low life community , they are use there bitcoins earning to buy some goods and share to others. And im very proud of it , Greed is always the enemy of poverty.

bitsceptic
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January 17, 2018, 09:27:21 AM
 #2392

Bitcoin will cause global starvation due to collapse of financial system
xebecstyx
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January 17, 2018, 10:35:43 AM
 #2393

Bitcoin is not a magic wand which will end world poverty. It simply doesn't have the power to end such a massive thing. Also bitcoin is not a payment system anymore. We have moved to a different goal long back, when the confirmation time increased and transaction fees hiked. These confirmation time and transaction fees is going to be increased again and again. So we will move from the initial goal further.

Bitcoin has now purely became an investment asset. IT can provide a huge return which any other conventional investment will never be able to offer ever. So I take bitcoin purely as an investment and a trading asset. I earn profit  and keep it for the future.

I agree. As much as it has all the capacity and power to do that, given it's good marketability and high value, world poverty is such an over-bearing and big problem that can't be solved by any new and growing business trend even if it has all the potential in the world. I think it may play a big part in helping alleviate that problem, but I also think that there should be a convergence of so many factors that would work for that cause and cure world poverty.
23tamayo
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January 17, 2018, 10:41:35 AM
 #2394

Well with one snap of bitcoin it cannot end the worlds' problem which is poverty. It is always up for the people to move by themselves. It is on the people that is on that situation, it is up to them if they still wanted to live or they wanted to die as poor. There are a lot of stories I've read saying that there were many people born as poor but died as rich. Well for them to end their poverty using bitcoin they need the literacy to do it. At least they need to be media literate to deal with this.
Fantastic33
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January 17, 2018, 10:46:07 AM
 #2395

On my opinion, I think bitcoin cannot end world poverty. Bitcoin is a digital cryptocurrency and are used primarily to make any transactions fast and easy, and was not invented to lessen or eradicate poverty. Many people invest on it, or do trading because they wanted to gain profit, and there were already a lot of people gaining from it. But, not all persons have the capital to be able to invest on it. Some earned bitcoin from faucets, campaigns or other ways, but not all are capable of doing the same thing. Also, one needs to have a device such as mobile phone or tablet, and an internet connection in order to use bitcoin, but not all persons have the capacity to buy those device/s.
Poverty is a very big problem, and bitcoin cannot resolve it at once or cannot resolve it alone. Solution on poverty relies also on the hands of the people. One must work hard and have the perseverance to achieve their goals that may eventualy become a way to change their economic status in the future
katrimans
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January 17, 2018, 01:18:50 PM
 #2396

I don't think so. I believe bitcoin can change peoples lives specially to those who used btc. There's so many reasons why people suffered from poverty, many circumstances. some suffered because lack of education, money etc. and some suffered because of terrorism.
There are so many ways through which bitcoin has helped needy and poor people. So many unemployed but educated people are now earning a decent earning with bitcoin.

Yeah, there are quite much cases of those who were living a life of poverty because they were not holding any degree but since bitcoin simply demands hard work and some good skills, they are able to earn for themselves and their families via bitcoin.
GamingBro
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January 17, 2018, 01:33:57 PM
 #2397

Nope. At my opinion poor people just too lazy and they can't start working and improve themselves and nobody and nothing can't help in situation like this. People becoming beggars cause of laziness.

tamarindbleu
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January 17, 2018, 01:34:46 PM
 #2398

Bitcoin is not a magic wand which will end world poverty. It simply doesn't have the power to end such a massive thing. Also bitcoin is not a payment system anymore. We have moved to a different goal long back, when the confirmation time increased and transaction fees hiked. These confirmation time and transaction fees is going to be increased again and again. So we will move from the initial goal further.

Bitcoin has now purely became an investment asset. IT can provide a huge return which any other conventional investment will never be able to offer ever. So I take bitcoin purely as an investment and a trading asset. I earn profit  and keep it for the future.
i agree for me bitcoin cant end world poverty but it can change people lives specially to those people who use bitcoin as their sideline because it will help a lot financially and it is a big opportunity to those unemployed people.
sangalangdavid
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January 17, 2018, 02:10:14 PM
 #2399

Bitcoin is not a magic wand which will end world poverty. It simply doesn't have the power to end such a massive thing. Also bitcoin is not a payment system anymore. We have moved to a different goal long back, when the confirmation time increased and transaction fees hiked. These confirmation time and transaction fees is going to be increased again and again. So we will move from the initial goal further.

Bitcoin has now purely became an investment asset. IT can provide a huge return which any other conventional investment will never be able to offer ever. So I take bitcoin purely as an investment and a trading asset. I earn profit  and keep it for the future.
i agree for me bitcoin cant end world poverty but it can change people lives specially to those people who use bitcoin as their sideline because it will help a lot financially and it is a big opportunity to those unemployed people.
Bitcoin can surely end the world poverty if the people will work hard to earn using bitcoin. But if they will still be lazy, even there is bitcoin, poverty will remain.

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bealjulian
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January 17, 2018, 03:49:45 PM
 #2400

People can use it as a tool to make more money to make themselves richer by increasing their net worth but expecting bitcoin to end world poverty makes no sense to me. Bitcoin can change an individual's financial status and  economic status. And the solution for world poverty is to start in the smallest component of the community which is one's self
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