LETS KICK OUT POVERTY USING BITCOIN

[Wingzcrypto2018]

I love the idea of kicking out poverty. But the whole reason in poverty is because  spend more than they can hodl. Giving a spendable thing to people that are in a hole, isnt a solution to poverty, unless we plan on locking the funds up on their behalf via some smart system protocols allowing the funds to become what they will be worth. The solution.

We can get out in poverty in many ways, and that would depend into our choice. And its all coming by a chance
that bitcoin can resolve our situation in poverty in terms of money or financials problem. There are many reason also why we faced poverty and I don't
want to mention one by one, for what matter most important now is that we have bitcoin to give a remedy about it.

[supermine]

It is not possible by using the bitcoin because it is form of currency so it has nothing to reduce the poverty but it maybe helpful in somewhat reducing the tax pays to the individuals so it can make the people to save more money than before but poor people are not supposed to pay huge taxes so it won't make any changes in their kicking out of poverty from this world.Eve though it maybe possible the whales don't let that happen because they will keep earning money from others losses.

[Morning honor]

Yes it is not impossible to make our world better by using cryptocurrency in good ways,.so lets all be helping out each other for us to reach the fortune we wanted to be.,we must support and hopefully our governments will support also for and do their ways in improving more for the better.

[pinoyden]

Bitcoin cant just kick out poverty because poverty is already staple in our society .  poverty is a part of human nature .

Can you imagine if all people are rich ? Who will be working on our house ? Who will be working to give us a food ?  So you get my point ?

Bitcoin is only an instrument in order to make our lives easier and it somehow provide a small benefits but thats all it can do .

[Assab101]

Bitcoin isn't created to solved the government problems but a solution to give a better services to buy goods and pay services in a most convenient way. People should don't depend much more in it because this isn't the solution to solve the issue. It's up to the Government and this technology is just another tool which we can make earnings in different way.

[Lorin]

Bitcoin is a big help for everyone, it can solve a financial problem of ones life but not to kick out poverty. Even if bitcoin is there if corruption and other cause if poverty is always active it cannot solve poverty. Both government and people  has the responsibility to have soloution in poverty.

[darewaller]

Bitcoin to me is getting elitist by the day and getting out of the reach of the poor enough to change their lives. So for me it's hard to attempt to kick out poverty using Bitcoin, except of course you were referring to other crypto assets which are still relatively cheap in price as compared to other. Those can easily be bought and money easily made off them

Well, if that is the case, which is because the poor really are their own cause of their predicament. It is their own choice to make and if just the simple idea of having some knowledge to be able to know that no matter what they are putting in now, it is for the future, or at least, have some knowledge of what makes the space ticks, then, they should blame no one when they are left out in the end.

Do you want to know what makes the difference between the poor and the rich ? Opportunity and the usage of the opportunity for the better good.

[adzino]

First this first, bitcoin can never remove any kind of poverty from a society. Poverty will exist as long as there are different class of people. If everyone becomes the same class, everything will come to a halt.

-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.

Corruption will still exist even if bitcoins or any other crypto currency is used. We need to change the people in order to remove corruption, not the financial system. Though it will help us to minimize the corruption to some extent.

-Financial Exclusion
Financial institutes, specifically banks,  at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.

Not sure what do you mean by this. You are saying they provide "useful services". What kind of services do you mean? Is it the loans you are talking about? Then how is bitcoin going to help in this case? If someone lends you bitcoin, they will be looking for interest for their own profit. The price fluctuation might also mess up everything between the lender and the borrower.

[Hui8]

I can see that you have got huge fire of the bitcoin in you and you want to like change the world with it but lets be calm and discuss some cons that may arise within the crypto use which cant really achieve our dream. At least not today or until there are some big modifications comes to the crypto.
Well, first thing is bitcoin is completely pseudo-anonymous and thus it is clearing out the thing that it cant be used anti-courrupt coin. It is still used for the corruption of many organisations which use it. It still carries unidentified tags with it no matter what. There is no way it can be used in the government system or it will take huge infra to do that. The money will flow unidirectional always and thus might just reduce the potential to overcome poverty and stuff like that.

[alex_gr_cc]

Some people claim that Bitcoin will revolutionise the world of centralised systems and on the other side some people think that bitcoin is related to criminal activities. But what is it really about Bitcoin that has led all of us to pay attention to it? For decades we have been fighting for the alleviation of poverty but with the current financial system in order, it is a dream to make everyone feel inclusive especially the ones who have been ignored by the  current banking system for a long time. It's time to let the people know that they have this revolutionary technology in their hands that could end their search for “how to alleviate poverty”?
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion

-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.

-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.

-Financial Exclusion
Financial institutes, specifically banks,  at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.

The best part of bitcoin is that it doesn't stop anyone from utilizing it,  like internet or a radio. It has no limitations to its implementation.

I believe that neither bitcoin nor decentralization as a whole will solve the problem of poverty. Poverty is the inner state of a person. Poverty is affected by place of residence, level of education, diligence, personal motivation.

[Quidat]

Stating the advantages with out the disadvantages is quite misleading although I am a cryptocurrency enthusiast I still believe that you need to know more about bitcoin you are just stating already known fact.

Then we must encourage everyone bu giving them the knowledge they need to know. Forcme bitcoin will have a great count in eliminating the poverty today. This will give jobs to the unemployed and also add spice to the economy. This will surely happens with enough understanding to the said market.

Bitcoin does exist because Satoshi wants to have a transaction of money all around the world without involving a third party or banks between P2P. I think finishing in college would be the best way to make more people to get a job, but if the government can't hire more graduate students, then they might fall on this level of job.

[rosemary4u]

It is very feasible for bitcoin to help alleviate poverty from my many parts of the world. Through blockchain technology, many people can easily track transactions of leaders who are supposed to handle huge finances of the public so that dishonest activities such as corruption would be reduced to the bearest minimum.

[HabBear]

The best part of bitcoin is that it doesn't stop anyone from utilizing it,  like internet or a radio. It has no limitations to its implementation.

There's a flaw in your logic here because there's nothing that stops anyone from using the Dollar or the Euro or the Yuan or the Pound or the Yen or any currencies.

The only limitation - and applies to cryptocurrency as much as fiat currency - is the ability for each person to earn some. And earning power is mostly correlated with one's ability to offer a good or a service to someone else, it's correlated to skills. Bitcoin can't give poor people more skills. And the fact that Bitcoin is divisible to the 100 millionth unit doesn't make a poor person better able to afford the goods or services in their market.

The ONLY way for "Bitcoin" to alleviate poverty is if it creates new ways for people to earn money, new jobs.

[farosa]

Yes it is not impossible to make our world better by using cryptocurrency in good ways,.so lets all be helping out each other for us to reach the fortune we wanted to be.,we must support and hopefully our governments will support also for and do their ways in improving more for the better.

Capitalism doesn't want everyone to be rich, there must be poor and rich. As we all know in order to earn while you trade, someone has to lose. If you think about the relationship between these metaphors, you give me a right. Or we should turn to socialism where everyone lives equally.

[tegacoll86]

That may not be possible very easily. People who have a great amount of fiat currency are sure to get a lot of bitcoin. But for the poor it's completely different,which is a difficult thing to change.

I am agree bitcoin can kick poverty but what about the economy?. Bitcoin has much disadvantages using it anonymous can destroy the economy plus risk of scams are everywhere.

[BagzMM]

In my opinion, their is really a profit using bitcoin. But how can a poor man afford to have internet connection and a computer to access online for bitcoin transactions or participate in various bounty campaign. Maybe those investors who really earn a lot of money in bitcoin will give those unemployed to have jobs so that they could provide the needs of their family.

[Ridwan Fauzi]

Bitcoin will indeed overcome poverty, provided there is a clear trading strategy and the presence of certain experiences.

Can a reliable trader justify this statement? I lack confidence when trading bitcoin. There are many reasons that make me not confident, bitcoin price was hard to guess even though I tried hard to convince the predictions that were made but still failed. Especially in the current conditions, within two months the price of bitcoin is very stable, not moving from the price of $6300- $6500 so as I assure traders will have a little chance to get profit.

[Olalomi]

Without mincing much word bitcoin has the capability to reduce poverty to a certain level by people acquiring skills and deploying those skills to earn btc I often came across several jobs offer on service section of this forum although its a highly skillful job offers nevertheless with seriousness and commitment any poverty stricken personal can learn the easiest skill and offers it as services.

[Valer4ik]

after all, in the winter they were cut off, when everyone rushed to use - and the transactions do not go through, and if they go through with huge commissions.

 

the developers said there was nothing to be done about it within the blockchain, and suggested that the idea be used to delegate bitcoins to a narrow circle of people (owners of nodes of the lightning network), so that everything was kept, everything within their small kitchen was “forwarded”, and the common meme pool was not clogged with hamsters payments.

Che to do bitcoin is the same for the rich, there is not even enough for all millionaires 😂 let the hamsters own pseudo-romanticas as before, and send the bitcoins to us, and of their own accord.

Those who understood what was the matter, came out of this market in the winter, as soon as the frozen transactions were able to push through, those who are not able to understand - are still sitting and waiting for something ...

[roosbit]

The idea is very welcome but the problem is not everyone thinks bitcoin can be used for good such as humanitarian work as people bad mouth it as being used to finance drug lords and terrorism, until then good luck to bitcoin, the long journey home just begun 

It is very feasible for bitcoin to help alleviate poverty from my many parts of the world. Through blockchain technology, many people can easily track transactions of leaders who are supposed to handle huge finances of the public so that dishonest activities such as corruption would be reduced to the bearest minimum.

As you have put it, imo I think bitcoin not only solves some problems but creates new ones as corrupt people can easily launder their money and get away with it, thanks to altcoins that leave no money trail!