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Author Topic: Can crytocurrency reduce Global Poverty ?  (Read 526 times)
hirundinecrypto
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August 09, 2018, 09:34:45 AM
 #81

in my opinion, crypto currency cannot reduce global poverty in the countries that are left behind. Crypto investment is carried out by individuals, not by the state. So, how do you reduce poverty with this crypto currency?
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August 09, 2018, 09:42:04 AM
 #82

This could have been and are very likely to occur. but to get to that stage sure need enough good support too from the various parties. Crypto was something big and have the power to fix the crisis in all kinds of fields. but many have doubted this so will certainly still be underestimated and not nothing.

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August 09, 2018, 10:04:45 AM
 #83

Cryptocurrency is reducing the world poverty already, employment opportunities has come off crypto for  a number of people, there are those who entirely depend on crypto related activities for their day to survival which has led to self sustainability,or life improvement
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August 09, 2018, 10:07:46 AM
 #84

Eradication of poverty is beyond technology evolution. To reduce the poverty suffered around the globe governments need to take initiative to educate the people. To me bitcoin is a way to provide an solution for the growing population, but poverty cannot be reduced by this. For this only education can make people get rid of poverty.

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wateball
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August 09, 2018, 10:09:08 AM
 #85

I think that cryptocurrencies can help more underdeveloped countries and bring hope to people in poor areas. Get some compensation by mining bitcoin or publicity. Its technology can be applied to all aspects in the future.
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August 09, 2018, 10:12:24 AM
 #86

Some project aim to help people in poverty by using the Blockchain. So I believe it can help global poverty to remove but it will take so much time since poverty in every country are different. Some dont have a water, electricity and etc. The main things they needed are education then crypto blockchain can be introduce to help them.

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August 09, 2018, 10:17:00 AM
 #87

I think that cryptocurrencies can help more underdeveloped countries and bring hope to people in poor areas. Get some compensation by mining bitcoin or publicity. Its technology can be applied to all aspects in the future.

Cryptocurrency is a great help for people who wanted to earn more income. In developing countries wherein the salary is not that attractive, many of them are considering working overseas in developed countries wherein the salary is higher so they are sacrificing their time with their family to have higher source of income and some people see cryptocurrency as a way to get higher income so they don't leave their family anymore.

As for reducing poverty, the root cause of poverty is not just a simple lack of income but there is a macro cause like economic uncertainties and graft and corruption. It is the greediness of people who are in power that the rich are getting richer and poor are getting poorer. Cryptocurrency can at least help those people who are struggling financially to augment their income and maybe go above poverty line.

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August 09, 2018, 10:22:02 AM
 #88

I think if cryptocurrency increased and recognized more and more in all over countries, it will increase more global poverty initially as other currencies fail.

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August 09, 2018, 10:26:13 AM
 #89

Perhaps blockchain and crypto currency in general and can help states, but whether people will live in poverty basically determine states and their policies!
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August 09, 2018, 10:29:43 AM
 #90

in my opinion, crypto currency cannot reduce global poverty in the countries that are left behind. Crypto investment is carried out by individuals, not by the state. So, how do you reduce poverty with this crypto currency?

Yes right, the problem of poverty is very much dependent on state policy, in many countries poverty is a commodity that continues to be maintained for various purposes, and this is what makes poverty will eternal.

thank you
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August 09, 2018, 10:36:30 AM
 #91

if I think personally. I live in a developing country based on my experience of blockchain and cryptocurrency for developing countries and the people that are very helpful in keeping work in developing countries very difficult. Blockchain and cryptocurrency are very instrumental in changing the economies of developing countries
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August 09, 2018, 10:38:14 AM
 #92

cryptocurrency is a great platform that is going and have made many investors who hold crypto for long term a success,holding a potential coin for a long term is the key in crypto.
What? You are very off the topic mate. Can't you read what is being asked?
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August 13, 2018, 09:28:54 AM
 #93

Digital money isn't the answer for end decrease worldwide neediness, the best approach to diminish worldwide destitution would be for individuals to be less covetous with the manner in which that they handle riches. The purpose behind neediness is that the riches isn't uniformly appropriated and as should be obvious even in cryptos, there will dependably be individuals who have more than others do and still endeavor to get more from it, in cryptos we call these individuals whales.
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August 13, 2018, 09:41:55 AM
 #94

I think it can reduce global poverty by the way of cutting coruption of government in society and it forces people to become more independent in their life.
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August 13, 2018, 10:21:14 AM
 #95

We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?
cryptocurrency can give to the poor become more accessible, that is, a market which is not too traditional methods, like any other product, the cryptocurrency looking for his investor, and if many processes are very expensive and the poor cannot buy, the cryptocurrency makes all products cheaper, which is becoming more available, nor never will be able to help the poor, the poor must want to help themselves, there are plenty of bright examples of what man is capable of, which is a huge motivation!
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August 13, 2018, 11:02:55 AM
 #96

We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?
There is a relationship between wealth creation and blockchain through cryptocurrency. Job creation is a veritable instrument for reducing poverty. Blockchain through cryptocurrency is doing just that. The good thing is that it is open to everyone irrespective of where you live.

The blockchain technology through the bounty campaign has opened up opportunities to all people around the world to be productive and earn something. This job is readily available 24 hours of the day. It goes a long way to provide the needed jobs which some governments in some places cannot provide. In this way, Blockchain and cryptocurrency have helped to reduce poverty.

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August 13, 2018, 11:04:34 AM
 #97

I think cryptocurrencies will exacerbate the wealth gap in poor areas. Huh
Since education levels in these regions are not good enough, the cryptocurrency market may be just a chance for them to gamble.

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August 13, 2018, 11:06:23 AM
 #98

Blockchain can help some traditional industries to work more conveniently and quickly, but the blockchain has a fatal flaw, that is, it lives on the Internet, and there are a lot of hackers on the Internet!
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August 13, 2018, 11:09:04 AM
 #99

We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?
Of course it can help, in the lagging regions there is no access to financial instruments and markets.Will help to establish communication between regions and countries.
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August 13, 2018, 11:10:12 AM
 #100

For global scale it's still difficult to reduce povety, because it is one of social aspects that can't be stopped by the government, let alone crypto, and maybe a very small amount can, but it takes a long time
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