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Author Topic: Can Bitcoin End World Poverty?  (Read 62992 times)
Dejech19
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March 18, 2018, 12:05:21 AM
 #2821

It is possible to end poverty if all people are involved at bitcoin or government will support it and they will use it to help others specially the needy ones, and they spend it for charities, foundations etc, that something that can give benefits to needy people or to our community.

Maybe not end but at least lessen the rate of poverty population.If there is a formal teaching of bitcoin maybe many will be interested,after seeing the good benefits and profitable investments.But for me poverty is a choice,if someone choose to be at that level for life time its his or her choice.Because there is a lot of way to ease  poverty its  just you must work hard for it.One solution of poverty is lessen the childrens rate each family.If you are a responsible parent you will always think the future of your child so if your not financialy stable just have 2-3 children so you can give there needs.Sometimes having a big family is difficult to manage and sustain there needs so from there hunger will be present and poverty will be every where.Bitcoin may help people to lessen poverty but not totaly end worlds most biggest problem.
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Alvaro094
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March 18, 2018, 02:35:25 AM
 #2822

Poverty is epidemic. You can see it in different forms. People lack the means of satisfying their basic needs such as food, water, clothing, housing, internet access, education, etc. We have been trying tons of solutions for so many years to eradicate this problem completely. We have spent bazillions of resources to implement programs and projects to ease the situation of the less fortunate people at least. Despite these efforts, poverty still stands in front of us, having no plans to vanish any time soon. So, even with the existence of Bitcoin, we can not annihilate this monster and the traces of it yet. First and foremost, all of us should be able to exercise our right to information and Internet access. In addition, unless people whether an individual or the government know how to use their money wisely, then we can not move one step forward to solving this problem.

I don't agree with your think, the poverty exist becuase the system so want it, those programs that you underline are almost inefficient, while it's true that the people need food, water, clothing,etc. the most importante to people need is knowledge, the knowledge provides the means. The BTC have shown to be able to generate value. Often there is poor people to are lazy (poverty and laziness is don't closely associated), but if those people could have to access at Bitcoin world, I'm sure poverty would reduce in the world
EnricoGomez
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March 18, 2018, 02:58:02 AM
 #2823

No it cant end world poverty because everyday there are new born children on the poverty society that will live on poverty and cant even know how to use a computer and access the internet to earn bitcoin. But it will help some who have knowledge in the technology and can start to earn bitcoins.
EtherATM
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March 18, 2018, 03:04:12 AM
 #2824

Can Bitcoin End World Poverty? No, it can't. Although Bitcoin can help many people who is owning it, get rich very fast but everybody, especially poor people is too hard to owns bitcoin because of the high price of bitcoin. But i think Blockchain which is behind technology of bitcoin, will change the world. The technology can help people without access to banks...so in that aspect, it can help bring financial structure to certain areas in third world countries thereby it help decentralization poor and rich in the society is reduce.
Irwandho
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March 18, 2018, 03:12:15 AM
 #2825

. whether or not bitcoin ends the world's poverty depends on us to really follow the rules of bitcoin itself, so for me now bitcoin as a means to make me add to the financial economy and end poverty to make the future and life meaning better
Raone
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March 18, 2018, 03:23:17 AM
 #2826

Even if it can't end world poverty, but it can play very pivotal role in minimizing world poverty.
Bazzaar
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March 18, 2018, 03:40:50 AM
 #2827

Shouldn't the question be, can we end poverty?

If all all the money was shared out equally, would we be equally wealthy or equally poor?
I think poor, because the money would be worthless.
Money is only worth something when it is unequally distributed.

What the poor need is not money.
It is resources, and knowledge, and opportunities to use them, freedom.

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March 18, 2018, 03:44:36 AM
 #2828

In my opinion, bitcoin can not end poverty, if reducing poverty for us can, because for them easy way to do things easy for our society. So for us to be able to reduce poverty,
Harley29
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March 18, 2018, 08:03:01 PM
 #2829

In my opinion, Bitcoin can overcome the world's poverty. Because, it has contributed a lot to poverty alleviation in the present world. At the rate at which Bitcoin members are growing, it is expected that in the future it will be able to berate more unemployed people. So bitcoin is the best in the world.
It already have done very well, as now most of people in my country are rich because they are investors of bitcoin but the remaining are struggling as they are new to bitcoin, people are now employed they have bitcoin job which is being reason for high price, increasing demand of bitcoin is rising the price so It is making people rich gradually, economy of my country has been improved as people are employed, they got rid of unemployment and they can earn high amount of profit as well. So yes bitcoin is playing vital role to make my country rich and reduce the poverty.
cutiemolit
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March 18, 2018, 09:44:12 PM
 #2830

In my opinion, Bitcoin can overcome the world's poverty. Because, it has contributed a lot to poverty alleviation in the present world. At the rate at which Bitcoin members are growing, it is expected that in the future it will be able to berate more unemployed people. So bitcoin is the best in the world.
It already have done very well, as now most of people in my country are rich because they are investors of bitcoin but the remaining are struggling as they are new to bitcoin, people are now employed they have bitcoin job which is being reason for high price, increasing demand of bitcoin is rising the price so It is making people rich gradually, economy of my country has been improved as people are employed, they got rid of unemployment and they can earn high amount of profit as well. So yes bitcoin is playing vital role to make my country rich and reduce the poverty.


Poverty is already there before Bitcoin exist. And I do believe that Bitcoin can't end world poverty but can reduce and improve others lives. And besides it's up to the people if they are willing to adapt the changes in life. Lazy people will stay poor and only those persevere will alleviate.
Semosuchi Tesongrato
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March 18, 2018, 09:50:08 PM
 #2831

Absolutely not.
A currency is only a representation of value, but in itself it has none. And bitcoins are coins.
If you are poor with dollars, you will also be poor with  bitcoins.

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dogtana
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March 19, 2018, 12:20:38 PM
 #2832

Are you kidding? 65 percent of btc is owned by 0.07 percent of wallets LOOOOOOL.

lord_off
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March 19, 2018, 12:30:23 PM
 #2833

Bitcoin isn't a magic wand. How should any currency cope with with greed and fear? You have to eliminate these both factors to end poverty.
Rubble898zaitO
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March 19, 2018, 02:23:30 PM
 #2834

"has a greater ability to bring more of the world's population out of poverty than anything we've seen in" - I agree with this, Bitcoin is a technological innovation that provides us this means of providing a better life but it still needs perseverance and hard work of the people to make it happen, it can reduce poverty if we are going to work hard for it, Bitcoin would not do it just like magic, we still need to work hard for it to happen, we make it happen and having this awesome technology by our side means we are one step closer to that goal for having a better life.
FrancoiseKozlowski
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March 19, 2018, 02:30:55 PM
 #2835

I can't predict that bitcoin will end world's poverty.But I think bitcoin reducing poverty from now because it's giving earning money option to so many unemployment and poor people.Many people are becoming rich for bitcoin.Many people depends on just bitcoin.There are so many families in the world whom are depends on bitcoin.partially.So,in my opinion, bitcoin is doing a great job to reducing poverty.
Tiktik
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March 19, 2018, 02:35:21 PM
 #2836

I do not see bitcoin as a thing that can be used as an instrument to end up the massive issue of worldwide poverty. Although bitcoin can provide many people an opportunity to gain money as an income, it cannot be a tough reason that bitcoin can end up the world poverty. Bitcoin is not a magical instrument that in just one snap then poverty could end. Maybe it would be possible if the usage of bitcoin will be used by the private, public and government sector of every nation across the world to help each other to partially lessen the poverty effect. But the totality abduction of worldwide poverty throught the use of bitcoin, it might be impossible.
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March 19, 2018, 02:54:42 PM
 #2837

Bitcoin is really trying in relief of financial stress presently but the possibility of ending the world poverty I'd slim, because quite alright its not everyone that has access to internet.one of the best way it can go a long way is the sense of wealth distribution. If every family, were to be spreading the wealth down the line. It would be achievable. Moreso not every country have access to cryptocurrency yet.
JonathanCoper
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March 19, 2018, 10:21:41 PM
 #2838

It could help unemployed people with internet access to have extra income but when it comes to poor countries that do not have access on internet can't. Poverty applies to all and it is impossible for bitcoin to solve unless all of us have internet access including the poor. A free internet access could make bitcoin solve poverty but I think this is a long process.
newBIeT
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March 19, 2018, 10:35:08 PM
 #2839

Other than population, poverty have been one of the worst problem our world is facing nowadays. Btc might not end world poverty but i think it may change the mind setting of many people on profiting for themselves. Little by little, step by step, gradually changing people's mindsetting maybe a start of a fight against poverty.
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March 19, 2018, 10:39:03 PM
 #2840

I agree. Bitcoin can end poverty per individual but I don't think it can fix the issue worldwide. There are places that you can't even access the internet or there's no electricity at all. How can we access bitcoin without the two? Its hard to imagine anyone using bitcoin, I think it will also have a lot of disadvantage, and the scary one will be the price decrease. If the demand is too high, the price drop sooner or later. We don't want that to happen.

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