Can Bitcoin End World Poverty?

[Granxis]

I do not understand why this debate is taking so long. The answer was simple and clear, and a website also showed the addresses of all Bitcoins. As you can see from that website, many Bitcoins are in the hands of very few groups, please remind someone if they know this website.

[Pantastikman]

For me it is need to be balance because if all of the people use Bitcoin, the poverty of the country will arise because no one will make a business in order to have Bitcoin. So we need to limit the spread of Bitcoin users so as not to break the economic growth.

[Dondon1234]

I don't see how bitcoin is helping people in Africa getting food or avoiding wars.

I think it depends on people how they use bitcoin.  Bitcoin is the one who can help us to our financial problem, bitcoin is have the ability to end poverty in a country. 

[gakadem]

It could be, but it needs evaluation and development
As we all know not everyone can use bitcoin, especially in areas where the majority of citizens are not familiar with the internet
Need introduction of technology first before discussing bitcoin

[WHIZZ718]

Surely bitcoin is neutral with respect to poverty and inequality, not redistributive nor charitable ?.  As with $, holders of bitcoin might choose to be philanthropic with it, but so far usually have not.

With bitcoin being as inedible as money, it certainly won't directly feed the unfed.

Where I see it helping though, is from the prohibitions in blockchain of certain corrupt institutions spending all the money in the world and then awarding themselves some more to spend.  If and only if bitcoin becomes the preferred pricing means for crude oil, soya beans, wheat, and the majority of third world export commodities, to the extent that a stable bitcoin price exists for those, then the exporting hardworking countries will be protected from the flood of unjustified bailout money which presently supports corruption and impoverishment in the commodity producing countries and enrichment of unproductive managers above them.

Stamping out corruption and unearned richness is not quite the same as ending poverty, but surely a step in the fair direction ?

[Semosuchi Tesongrato]

Of course not. As any currency, bitcoin is a representation of value but not a value itself (in the same way that you can't end poverty just printing money)
Poverty are a lot of causes, and it's independent from the currency that you are using.

[buternasek]

I also agree with you, bitcoin is a solution to reduce the unemployment rate of each country, but it's not that easy
There should be cooperation from the government, how to make bitcoin can be known by everyone
The most important thing is government support first

[bryant.coleman]

First we need to analyze the root cause of poverty. The main reasons are over-population, corruption and lack of education. And I don't think that Bitcoin can eradicate any of these root causes. So there is no chance that Bitcoin will be able to reduce the incidence of poverty in the world.

[SHOSHI ISLAM 5]

I think Bitcoin can not remove any country's poverty. Because, what is Bitcoin? To understand it, it will need skill. All the people of the country can not do their skills, so poverty will not go away.

[andylowe]

First we need to analyze the root cause of poverty. The main reasons are over-population, corruption and lack of education. And I don't think that Bitcoin can eradicate any of these root causes. So there is no chance that Bitcoin will be able to reduce the incidence of poverty in the world.

Yes, I agree. Bitcoin is a very big help to the economy but it doesn't mean that it will end world poverty. It is just lessen world poverty not end. Bitcoin help many people for everything. It helps them to gain an extra income to support their daily needs, to support them financially. There is a possibility too that it can end world poverty but it depends on how you work in this.

[bebtc]

Bitcoin is not magic. It cannot produce bread and milk, which is exactly the thing would solve the poverty issue in the world.

[cryptoama]

Bitcoin is cryptocurrency or you can call virtual money. So, this use only internet user and most probably rich man. Bitcoin price is so high and continue its up, down. So, it is not possible to end poverty. 

[agentx44]

For me i think so.. 


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

READ MORE:

I don't think so. Bitcoin is just a cryptocurrency and even when it gets legalized all over the world, we cannot guarantee still that everyone will use it as an instrument to escape poverty. The one that must make way or make solution to end world poverty is the government and all of us. The changes start within ourselves and if the government will stay corrupt, poverty will never be gone.

[Barbut]

For me i think so.. 


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

READ MORE:

I don't think so. Bitcoin is just a cryptocurrency and even when it gets legalized all over the world, we cannot guarantee still that everyone will use it as an instrument to escape poverty. The one that must make way or make solution to end world poverty is the government and all of us. The changes start within ourselves and if the government will stay corrupt, poverty will never be gone.

Good article for bitcoin lovers, but I didn't actually saw some great arguments. Guy talks about his optimistic vision, and I agree with many things said in article but for ending poverty in the world we will need more then just bitcoins and blockchain. Blockchain can help in many ways, but we people need to use it in a right way, so ending world poverty depends solely from people, bitcoin like everything else can be just a tool, one of the tools that can help us in that.

[ZIM17]

I think it's not impossible that those things happen. I just think that everyone knows the other in the world of the crypto currency and it is wise to wait and persevere. Because of your patience you can earn it may make your life more attractive than your life. So here's one thing I'm talking about here, this is the answer to everyone's difficulty.

[billionaireSHS]

I disagree with that, we all know that bitcoin have a big contibution in the world but it doesn't mean that it will end the world poverty. Otherwise, I think that it only reduces the poverty in the world because of the opportunities that people find in bitcoin. Example ; people who don't have jobs, because of bitcoin it reduces the unmployment which is the one that can cause poverty.

[kivo2004]

it can but it won't if you understand what I mean...

[MerrickMaverick]

Poverty is not outside..It is inside. Books and selfeducation will end poverty, if anything.

[lopez01]

NO.
Everyone of us must work hard to fight poverty.
Poverty is cause by laziness..

[joymecoin]

For me i think so.. 


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

READ MORE:

For me no.  Dont depend in bitcoin to stop poverty. Just work for life.