Can Bitcoin End World Poverty?

[atomicgroup]

I don't think or perceive Bitcoin to end the world Poverty at the real sense of it because the angles to which Bitcoin is considered at various countries are different from one another, some are are already supporting, even regulating somehow , while some did not even want to hear about it yet talk-less supporting its whole idea. Based on this, Bitcoin can only ease the tension of life challenges faced by individuals where they are been operated, not their whole economy. What can we hence talked about the economies that are negligence. 

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[bitkaboom2]

Absolutely no, because Bitcoin is just a currency, not a magic or something else which can overcome poverty.

[nur rochid]

I think bitcoin can reduce poverty in the world, many bitcoiner who already earn a lot of money from trading, minning, or bounty hunter. with btc can help the government program reducing poverty

[niteroy]

I think bitcoin can reduce poverty in the world, many bitcoiner who already earn a lot of money from trading, minning, or bounty hunter. with btc can help the government program reducing poverty

It is rather not a fight against poverty, but a redistribution of funds. The money that was previously received by banks as the sale of gold bullion, commission fees, fees for various services now remain with those engaged in mining and the holders themselves bitcoin. The rich will continue to be rich because they are already buying bitcoin for hundreds of millions of dollars and manipulating the price they play on the exchange making more money, and the poor will continue to become even poorer because they can not buy bitcoin, and in some countries with a low standard of living and at the current price of bitcoin poor people can only buy a few hundred thousand satoshi. Do not idealize bitcoin, it is not a panacea, it had another purpose, to become real money, but with the current commissions for transactions and its high price, it became more like an investment tool like gold than money.

[EinaiOraCoinDev]

I think it will improve the economy of the country but ending poverty , im not sure if the poverty will end perhaps, reduce poverty is possible. It's not easy to learn about crypto world. You should learn more about it before you can earn money from bitcoin and other digital currency. And not all the poor people in society have access to bitcoin and know about it.

[mycomike12345]

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.

It’s true. Bitcoin, though it increases your source of income, it doesn’t assure the end of poverty wherever you may be. Also, with the presence of inflation, it will surely be hard to bridge the gap easily. Bitcoin, I believe, is more of an asset for future use.

[MD Milon]

I don't think bitcoin end world poverty.but it helps people so much.lot of countries people engaged with bitcoin and change there life day by day.its a source of income and helps to growing world economy.

[Mbah Djoko]

Bitcoin has been proven to make many rich and successful people, after they succeed most of them also create new business so they also hire people, with this automatically reduce unemployment, if one day many countries legalize bitcoin, the more the benefits of bitcoin and the ultimate goal of course is reducing poverty.

[Birin016]

Bitcoin will not end world poverty in my opinion. But I'm sure it is one area that could help a lot of people as it does required any formal education in order to engage in this area. It doesn't limit anyone to reach their full potential with regards to crypto world ways to earn.

[Rrtt]

For me i think so.. 


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

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World poverty will end if there will be more corruptions in the government and everyone should be help each other and not stepping up with each other. Bitcoin cannot end poverty it can reduce at least. Many people are making money in bitcoin some who cannot do investment are into signature campaign to earn without taxes. Through bitcoin earnings they can support the needs of the family. some on them are into small businesses and can employ people.

[Ampong2121]

For me i think so.. 


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

READ MORE:

NO! because bitcoin is an investment and if you dont have money to invest then how it will help you? or how it will help to end world poverty? We dont know if bitcoin will exist forever so dont say that bitcoin will end world poverty. Even beggar didnt know about it, even some of the rich people didnt know about bitcoin, yes its popular but its not that popular that all people know about bitcoin. So dont say it will help all people to change their life.

[xandra]

No, I don't believe that bitcoin could end world poverty not all people has the knowledge about bitcoin and had the capability to deal crypto world. For example we all don't have enough funds to start for investing bitcoin and it will take time to grew your investment and poor people can't wait that too long to get profit.They need something that can provide their daily needs and can support their family.

[Trela]

Bitcoin has been proven to make many rich and successful people, after they succeed most of them also create new business so they also hire people, with this automatically reduce unemployment, if one day many countries legalize bitcoin, the more the benefits of bitcoin and the ultimate goal of course is reducing poverty.

Well, that is the story of whom sold Bitcoin at high price. But, the fact, I have many friends from the rich became the poor just because invested in Bitcoin at $20,000-$15,000. No knowledge, no experience, they despite my advice, alert to buy Bitcoin at high price. And current, they lost huge amounts of money up to millions of dollars .

[Figuran-]

If talking about economy and poverty, bitcoin is not a factor that can eradicate bitcoin poverty is just one way to go. Rich or not a person is dependent of the person's own efforts, semaking he worked hard and not despair, the greater he was to get the results he expected.

[Cryptoproff]

I believe bitcoin helps a lot of people earn their own money in different ways which in turn could be used to support the needs of their families and its a big help to lessen the poverty.

[Bitexpert2017]

No one can remove or end poverty of each country even the elevated with rank in each country that have all access to all they are also dont do to remove poverty to their country.

[Roksodhon]

I really want that to happen, Bitcoin can end poverty, it's a great thing. But bitcoin cant end world poverty i think it could be lessen the poverty but it will never end because many people that is lack of knowledge what bitcoin.

[Shutup]

For me i think so.. 


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

READ MORE:

I believe bitcoin will end world poverty, so bitcoin will be recognized to all the world. Bitcoin as a source of income, a big profit and earnings. This is what all people look for. To have a big opportunity to become rich. And here's bitcoin is the answer. I don't have idea why bitcoin came as a big help. But l know everything is under control by the ruler of this earth.

[piter66]

bitcoin willt finish the globe neediness on the grounds that bitcoin cannot make love inspite of all speculators place resources into bitcoin nonetheless not all find yourself made and not all can place resources into bitcoin poorness is in there if all people clad to be made does one assume our life is impartial? does one surmise that life is testing? that's the explanation neediness cannot finish by basic facilitate of bitcoin.

[Via-]

Maybe but bitcoin is just a currency and not all people dont know about bitcoin and poverty is the biggest problem in the world maybe goverments will helping thier people.