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Author Topic: What would happen if every person rich in bitcoin  (Read 1373 times)
Cordillera
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November 10, 2017, 01:12:28 PM
#1

if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?
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November 10, 2017, 03:35:48 PM
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if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?

This has been discussed over and over again. Bitcoin cannot end poverty the only thing it would do in which I believe is the objective of bitcoin is the distribution of wealth by reducing the gap between the rich and the poor. In this current dispensation the middle class category of the society has been collapsed with the larger portion falling into the lower class with fewer portion moving up the ladder.

That is what I see bitcoin trying to achieve by ensuring that we all have financial independence because if that is not there, only the rich have access to those money and thereby making themselves richer but with bitcoin, I can raise capital from any where in the world to fund my dream at the same time give an adequate return on investment to those who believed in me. But with all this, it does not mean that will end poverty because a lot of poor people will still not act on bitcoin even if its dropped on their laps.

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November 11, 2017, 12:28:46 AM
#3

If we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?

The idea that Bitcoin can be that catalyst to end the poverty, hunger, oppression and anything else that cursed humanity since time immemorial is just like putting our own words into the mouth of the horse instead of giving it the green grass it deserve. Again and again, Bitcoin is not designed like a magical wand that can eradicate poverty all over the world. Poverty is a problem that has been here with us and am sure that many of here got into it some time or even now as we are all facing many challenges in life. Bitcoin is not a socialist tool in a dreamy world where things can be perfect and fine.

No, we are dealing with reality here. Yes, the thing is that Bitcoin can be of help just like any other tool available in our society. An example of this is what is happening in Venezuela where Bitcoin is playing a big role for people to cope with economic difficulties. I am sure that soon we can hear more successful stories akin to what transpired in Venezuela.

Lastly, many people can be wealthy because of Bitcoin but it does not mean that all of us will do. Bitcoin is an opportunity but since we are dealing with billions of people not all people can get into the Bitcoin bandwagon for some reasons or another. For one, nobody will ever give you respectable amount of Bitcoin in exchange for nothing. We have to work for it or we should have some capital to have some Bitcoin.

Bitcoin can be one of the many medium to fight poverty but it is not designed to end it!


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November 11, 2017, 04:02:00 AM
#4

if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?

This is not want bitcoin is designed in the first place. Please read Satoshi's White Paper and try to understand what his goals. With that said, bitcoin will not end poverty, although in most cases, it help individuals to have so called financial freedoms because they used their bitcoin earnings as cash. And being poor is a choice, if you don't want to be poor then you have to do something in your life to turn it upside down. If you found bitcoin and it helps you alleviate your mode of living then good for you. But it doesn't mean that it could end poverty in a blink of an eye.

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November 11, 2017, 05:01:39 AM
#5

if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?
I do not believe that bitcoin can end poverty. We all know that poverty is one the biggest problem a country has. No leader has ended it, but there are leaders who lessen it. Ans bitcoin is one of the solution that may help to lessen poverty. It gives job to those jobless people with enough knowledge on it. On the otherhand, it will not be possible that ALL people will be rich in bitcoin PERMANENTLY. First is that there is no permanent in this world except for change, which bitcoin has. Bitcoin always changes its price, it is unpredictable, it may go high today and fall tomorrow or vice versa. Next is that not ALL people already knew about bitcoin. Maybe if all people has a bitcoin its value will go low as the demand needs to supply all who has bitcoin. I think you are just dreaming.

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November 11, 2017, 06:04:31 AM
#6

Who says bitcoin can end poverty? That is an ignorant stance. Bitcoin can end poverty for early adopters, and really nothing more. People who are late to the party will be using it as a storage of value, or as a currency as it was intended to be.
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November 11, 2017, 07:56:32 AM
#7

Well that is a good to our economy! the  rich and poor will be the same status no discrimination or gap. all the people will be happy. the only problem of that who will do the lowest position if all become rich the labor job charge will raise up.

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November 11, 2017, 09:39:12 AM
#8

Many people will invests in bitcoin and learn more about bitcoin. And I sure their country will grow fast.
Unemployment, crime, will be reduce. And their will happy spent the time for traveling, family etc.



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November 11, 2017, 09:49:13 AM
#9

if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?

If all people in bitcoin become rich the number one problem in the world will be the food shortage because if all people become rich no more farmers, no more workers and no more laborers to process the food cycles due to all people are rich now. Luckily this is all just speculation that we should maintain the balance of everything in this world.

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November 11, 2017, 12:47:08 PM
#10

Maybe people are happy because they have the money they need today because they have bitcoin. There is nothing impossible to try. and maybe because of bitcoin you can get rich

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November 11, 2017, 01:35:08 PM
#11

if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?
I think all the problems of the president would be gone the poverty,unemployment,criminal activities of other people  would reduce if everybody will became rich in bitcoin.It is not possible for us to be rich due to our hardworking and want to achieve something like for being successful in life.

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November 11, 2017, 02:19:20 PM
#12

Many people will invests in bitcoin and learn more about bitcoin. And I sure their country will grow fast.
Unemployment, crime, will be reduce. And their will happy spent the time for traveling, family etc.
You are wrong. Crime and unemployment have absolutely other reasons. Bitcoin can't cope with them. To fight crime it is the duty of law enforcement. They get paid for it and they have all powers. Bitcoin is just a mechanism to help people apply their skills. But this is only if you wish. Among the unemployed the majority of those who do not want to work.

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November 11, 2017, 04:27:26 PM
#13

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Re: What would happen if every person rich in bitcoin

So in my humble opinion, it is impossible scenario, when everybody getting rich in bitcoin or other asset. To exist, most of the people should work, produce manufacture goods, foodstuffs, let alone automobiles and luxury goods. Bitcoin holders will gradually split up into two groups: rich in bitcoin, and other with satoshi`s bread crumbs.

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November 11, 2017, 05:43:22 PM
#14

if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?

It might help trade and bring way more people out of poverty but ending poverty will take some time. Bitcoin is still capitalist in nature remember, those who can work or are a worthy charitable cause will be helped by bitcoin in the long run.


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November 11, 2017, 05:54:50 PM
#15

We can't be rich all together. My logic says all of us actually can become rich just for the moment, but after someone will start to buy or sell and then someone will become richer. But it is never going to be rich cause of bitcoin, some of people definitely can.

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November 12, 2017, 07:08:54 AM
#16

I think not everybody can easy to become rich in bitcoin why? Because in bitcoin we should to know how to sell and buy to become a successful man or a rich person through the use of it. And we must to invest our money in bitcoin if ever the currency price of money grow into the highest value of exchange.

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November 12, 2017, 10:45:06 AM
#17

Bitcoin cannot end poverty in a certain country because it still depends on the people. But it can help your financial life status if you really want to change it through use of bitcoin. But let's assume that everyone is now rich due to bitcoin, do you even think what kind of world it can be? Things here in the world is created balance, there must be rich, poor and average in order for everything to run. So I think some things will be ruined if that happens.

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November 12, 2017, 11:58:31 AM
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November 12, 2017, 02:19:37 PM
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Bitcoin cannot end poverty in a certain country because it still depends on the people. But it can help your financial life status if you really want to change it through use of bitcoin. But let's assume that everyone is now rich due to bitcoin, do you even think what kind of world it can be? Things here in the world is created balance, there must be rich, poor and average in order for everything to run. So I think some things will be ruined if that happens.
All can never be rich. First, there will always be people who have the money now. They have the opportunity to buy a lot of coins now. Accordingly, they will always be richer than you. Secondly, there are people who don't want to work. It does not matter what currency. They want to live at the expense of others. They, too, will always be the poor.

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November 14, 2017, 09:42:53 AM
#20

if we all think that BTCBITCOIN would be the end of poverty. think how it would feel to be part of a society that everyone is rich in bitcoin permanently what would the world be?
then if all the people in the world have so much bitcoin then, it will change our current global currency, from dollars to bitcoin, and of course there will be a global scale inflation, making all the prices go up or the amount of bitcoin will diminish so that the prices will be regulated.

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