Can Bitcoin End World Poverty?

[elston6x]

If many people would increase their economic status the community or society where he belong will also increase its economic status. Domino effect. But first, bitcoin must be promoted even in the lowest society.
Bitcoin will not end world poverty.

[pissyas]

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

I don't think so. Poverty is some kind of personal thing, people have all their lifetime in order for them to get out of the rat race.Also if they discovered Bitcoin like a year earlier they could be earning by now online, also I don't think that it is possible to aid all poor people when it comes to earning online as some of them lack the capacity to operate a computer or any gadget.

[Crafts12]

For me i think so.. 


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

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I think bitcoin can only lessen the poverty in the world, not totally end it. Number one reason is that, not all people have the capability to have access to bitcoin. Also, not all people have an idea about bitcoin so how can bitcoin can end world poverty? Maybe some poor people strive more in their lives and then discovered bitcoin. In that way, those poor people who knew bitcoin will not be poor anymore. But to those people who dont know what bitcoin is, will remain poor.

[redsun114]

Bitcoin alone will not be enough, bitcoin as well as money will not change the poverty of the world significantly. The key is caring. Yes, with our caring fellow human beings will end poverty in this world

The number of people who are not having enough money that they can live a comfortable lives is really huge. It is not at all possible for bitcoin to eliminate the entire poverty from this world. However, bitcoin can greatly reduce the unemployment and that is what bitcoin is doing at the very present time. It all depends on the interest of the people and that will help them in changing their lives.

[fasdorcas]

Balance should be in everything, so I think that don`t matter what will change in the world, some things will stay the same.

Bitcoin is no doubt really a good thing from earning perspective and it has actually provided number of opportunities to all of us in making of some good amount of money even if someone does not have enough money to invest in bitcoin.

However, it is not at all possible for only bitcoin to eradicate the poverty from this entire world. It needs the support of few other similar things. Only then we can expect some positive change.

[hshr0h3110world]

I guess it won't. Bitcoin and other cryptocurrencies might help but it is not a holy grail that would easily solve something. And one more thing, poverty is an effect, an effect of a much greater issue, for example a war. And with that, what we need to cure, to fix or to end is the root of those issues.

[Ruben1]

No i dont think bitcoin can do that solving the worlds poverty problem cannot just be solve by currency which is an internet stuff. Poor people has no access to internet so they cannot go online to grab bitcoin opportunity.

[Netnox]

I am surprised that this thread has attracted more than a thousand posts. The topic makes no sense. How can a currency end world poverty? In that case can we ask whether the United States Dollar or the Great Britain Pound can end the world poverty?

[West0813]

There is no way bitcoin can end world poverty. Poverty is a problem that every country is dealing. And not all people know about bitcoin. But i think bitcoin can help in lessening this problem.

[Yara1]

Bitcoin may not be able to end world poverty but bitcoin will help to reduce it.

[cloudproject]

it can't, bitcoin is not a god and many people are greedy in this world, but sometimes bitcoin can reduce it just a little, and is up to people like us if we can reduce it too why not ? helping world and unite as one that was a dream every people want it

[BTCerm]

The existence of cryptocurrencies makes it possible to give every citizen in the world a stack of gold. The currency thus given out will not be valuable by itself not at first. Time will have to pass in order for scarcity to change the value of the currencies. Nor will every currency succeed in making impoverished people wealthy.

Yet the potential already exists. One day, poverty may be a thing of the past. On such a day, homeless people will no longer be homeless. Welfare programs and the government agencies who administer them will no longer be necessary. The world will be alive with commerce, wherein transactions can be done instantly with anonymity.

[Jr.Sasha0209]

I think bitcoin will not put an end to poverty, but the end of the fiat currency, in particular the dollar, can strike a very strong blow. Therefore, the future is crooked, since people are tired of being slaves 

[kamotharnn]

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

I don't think so. Poverty is some kind of personal thing, people have all their lifetime in order for them to get out of the rat race.Also if they discovered Bitcoin like a year earlier they could be earning by now online, also I don't think that it is possible to aid all poor people when it comes to earning online as some of them lack the capacity to operate a computer or any gadget.

We can't deny that Bitcoin has helped many people get out of the poverty. However, to end world poverty is impossible. There are many illiterate people, people who don't have anything except clothes to wear. They will and forever can't touch to technology stuff. They don't have knowledge to use that. There are millions of people like that, we are unable to help all of them.

[Glorypaasa]

It will not literally end poverty it will just lessen it by a rate, by investing into bitcoin you don't need anything you just have to have knowledge about it, remember that unemployment issue is the top reason for poverty.

[taeewo]

Its not possible, i think you should have ask if cryptocurrency can end poverty and not bitcoin....

[Mr. Legendaris]

It is very interesting if there is a study of whether bitcoin can end poverty, I think it takes a long time, it is not easy to get the bitcoin at the moment, let alone the bitcoin price is very expensive, 1 btc = $ 12,000, for the poor it takes more than a year work to earn 1 btc.

[Scallywag]

No there is no reason why it should , just like in real life in crypto you need money to make money which has the result that the richer get more rich.

[Forhadm]

I think bitcoin doesn't help to solve the problem of world poverty, because that he is like any other investment like gold or diamonds or stocks. The rich will use it to solved this problem if they want to do a lot of adjust a team work then solved this problem.

[stronghandsdeeppockets]

For me i think so.. 


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

READ MORE:

it wont, be it might save countries going through a severe crisis. Take the example of Venezuela. One year ago, a bottle of water was 1200 bolivars (~$1). Today, the same  1200 bolivars are LESS THAN ONE PENNY. For them in order to buy anything, they need to carry millions of bolivars. Have a read : www.itmtrading.com/blog/venezuelan-currency-crisis/