LETS KICK OUT POVERTY USING BITCOIN

[mazdafunsun]

Unfortuantely even all those problems are solved  ,it wont solve poverty problem ,there are ton of other and much stronger factors in play.
From top of my head, the distrobution of weatlh amongst top 1% or less , the geopolitical situation , the access to education and many more.

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[Burogh]

I think bitcoin can reducing poverty in the world if bitcoin system applied in monetary system. Fixed supply money and transparancy in ledger will reducing inflation and reducing corruption. I am believe source of poverty is corruption

[spongegar]

I really like to think that Bitcoin could solve the world's poverty problem when in truth this problem was caused by capitalism. Capitalism mames it possible for people to horde in resources that are very much limited to start with to a population that is nearing 5 billion. We should really look into a socialistic solution to this.

[jamids]

I really like to think that Bitcoin could solve the world's poverty problem when in truth this problem was caused by capitalism. Capitalism mames it possible for people to horde in resources that are very much limited to start with to a population that is nearing 5 billion. We should really look into a socialistic solution to this.

While we want bitcoin to be one of the solution to poverty, I think it would only be able to help in terms of somehow improving the financial condition of some people but if you are thinking of poverty as a whole then the solution to this would be to address the root cause of the problem and it would be the greediness of humans which is hard to solve because there would always be people who are hungry for power and money even if they have already enough. They are the kind of people who are not satisfied with what they have.

[reality18]

Bitcoin and the Blockchain technology provides the platform which allows its users to generate profit for themselves aside utilizing Bitcoin to purchase items and services. Bitcoin has changed the lives of numerous investors by increasing the profit making margin. Invest in Bitcoin, exercise patience, hold and wait for the price to rise.

[cryptoblazter]

The blockchain technology can significantly revolutionize the world's financial transaction. But, to elimate poverty through this technology, I don't see any strong connection to that. Poverty can be resolved by political will and of course by the poor themselves. Actually, one of the problems of the governments with blockchain technology how could bitcoin transaction be taxed. These taxes are the budget of the government to perform.

[ShadowBits]

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.

Poverty cannot be ended with anything if the ones who are in poverty doesn't even go and work themselves out. And the balance of the world will be ruin if poverty will be gone.

[Mpamaegbu]

Yeah that's asking too much for something that still has a lot of room for change. And poverty goes well beyond banks, loans and other economic challenges. Even if bitcoin somehow closed gap with banks and fiat, i doubt it can be what you think it'll be.

This is partly the argument I advance whenever I see such loose comments. I repeat, bitcoin isn't a get rich quick investment. It's filled up with lots of uncertainty. Yes, a lot of millionaires have been made within the ten years of bitcoin's existence but the truth remains that these ones never believed they would've been millionaires as at the time they indulged in bitcoin. It happened by luck.

[Mahanton]

Yeah that's asking too much for something that still has a lot of room for change. And poverty goes well beyond banks, loans and other economic challenges. Even if bitcoin somehow closed gap with banks and fiat, i doubt it can be what you think it'll be.

This is partly the argument I advance whenever I see such loose comments. I repeat, bitcoin isn't a get rich quick investment. It's filled up with lots of uncertainty. Yes, a lot of millionaires have been made within the ten years of bitcoin's existence but the truth remains that these ones never believed they would've been millionaires as at the time they indulged in bitcoin. It happened by luck.

And also this has nothing to do to solve out the problem on poverty.It did really make out some millionaires and some people who do able to achieve financial freedom because of crypto but only a few numbers only.
It has nothing to do to solve out poverty yet this is already a global problem that even fiat itself do hardly able to solve out.As long there are greedy and the current financial status or level gaps  this problem will still retain.

[tenakha]

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.

Poverty cannot be ended with anything if the ones who are in poverty doesn't even go and work themselves out. And the balance of the world will be ruin if poverty will be gone.

I agree with you. There is no rich without poor and the present system is a better system for humanity. Giving everyone the same salary is not right, because everyone's skill is not the same and needs to be evaluated. If everybody owns the company, who will prepare the crops of company? Maybe robots, but again there is no place for incompetent people.

[Sirait]

poverty will be reduced if Bitcoin and Altcoin are utilized, but to get there I think it's still a long time ago because we know that until now the government is still unable to legalize cryptocurrencies for various reasons, such as fear of being misused for money laundering or other financial crime.

[brooklynian]

Stepping out of poverty is a decision of the person involved. All we can do is to create awareness as often as possible but the decision cannot be made for anyone. The best you can do for yourself is to take action now and stop doubting.

[Harrisonimo]

Maybe kicking out poverty was originally part of the bitcoin/cryptocurrency agenda but it has since been impeded by the current hold/setback placed on the growth of the market. We have a lot of issues militating against the future of bitcoin but somehow, bitcoin has held its ground till date and I am sure it will get back on track again

[wahyu wida]

Maybe kicking out poverty was originally part of the bitcoin/cryptocurrency agenda but it has since been impeded by the current hold/setback placed on the growth of the market. We have a lot of issues militating against the future of bitcoin but somehow, bitcoin has held its ground till date and I am sure it will get back on track again

Of course not a few people are against Bitcoin, but i think that is normal. lucky for us to know crptocurrency, so that it can improve the family economy. and for those who cannot accept it, hopefully soon they can think rationally in the future

[STT]

I think its not even about helping people but this is the only real way I see Bitcoin succeeding for itself for everyone rich or poor.  BIT being an essential part of the economy, that its the smallest parts that come with the greatest growth even while ironical often being exchanged by the smallest and poorest parts of the economy but also there are literally billions of poor or workers almost nothing left after paying bills.   BTC needs to be part of that bit economy for the smallest amounts to succeed so I support the spirit of your post.

Seems well structured and deserves some merit.

a lot of useful services but with high interest rates.

It has to be said that high rates relate to risk and cost and thats normal for anywhere.   But if BTC were able to improve efficiency for the smallest scale of value exchange, I think its going to help alot and gain back alot of growth from those participants.

-Hyper Inflation

Hyper is when money is a burden not useful anymore.  But even normal inflation is causing losses to people,  even 1% inflation every month is a failing situation for that currency.  This will require replacement and an alternative and that scenario is forthcoming very likely in every country of the world not just failed democracies

[Bitcotalk]

I really like to think that Bitcoin could solve the world's poverty problem when in truth this problem was caused by capitalism. Capitalism mames it possible for people to horde in resources that are very much limited to start with to a population that is nearing 5 billion. We should really look into a socialistic solution to this.

While we want bitcoin to be one of the solution to poverty, I think it would only be able to help in terms of somehow improving the financial condition of some people but if you are thinking of poverty as a whole then the solution to this would be to address the root cause of the problem and it would be the greediness of humans which is hard to solve because there would always be people who are hungry for power and money even if they have already enough. They are the kind of people who are not satisfied with what they have.

I would say asking bitcoin to solve the problems we are having in most countries economically and thinking that it would just make poverty level drop is absurd. Although, in a way, bitcoin can help international businesses when it comes to the ability to make some transactions and also be able to make it easy for the country economy to grow in some aspect if it is accepted or adopted, but poverty alleviation have so much to do with the government itself, which in this case, for a very corrupt government, it really will not change much and it will only be based on individuals that are able to take the bull by the horn themselves and in that case, we know a lot of people will be limited in that aspect.

[TheClownSong]

Government should implementing bitcoin system. Bitcoin creating transparant system on ledger and with blockchain system, government can reducing corruption because the transparancy

[setupbounds]

I think bitcoin can reducing poverty in the world if bitcoin system applied in monetary system. Fixed supply money and transparancy in ledger will reducing inflation and reducing corruption. I am believe source of poverty is corruption

I really do not think bitcoin itself can just help reduce poverty in the world, and even if it helps some people out economically, it is just going to be the few that are early adopters in terms of the value increase in the long run and that is if they are still holding till then.

Bitcoin is not just going to perform some magic and simply just make everyone rich, and considering that as we keep approaching mass adoption, the more stable and matured the market gets, so at the end, it will all still be limited to those who are able to tap pretty fast into the future.

[Westinhome]

Actually we can manage to kickout the poverty using bitcoin, But we need to teach them to those people are in need. If they willing to learn on how earn bitcoin. But if not we must to give some money if we have some btc in our wallet. Maybe the one to give that are those have many bitcoin holding until now.

[Femhab]

To some extent cryptocurrency will provide a form of living for some people and at the see time too much of it can cause inflation as anybody can have his/her currency supported by shit use case. BTC is good at theoment because it has touched some peoples life due to its volatility but what happens when there's no more volatility to BTC? When no more profit is gotten from trading or investing in utility coins?