LETS KICK OUT POVERTY USING BITCOIN

[rickadone]

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.

Even if you decide to create awareness now, does not change the fact that cryptocurrency is just one thing you have to realize that it is all about each person and what the country has provided for each citizens of the country to build on.

No matter how well people tend to want to utilize cryptocurrencies, in the absence of infrastructure and basic amenities, no thriving industries, and not a conducive space for business, it really will not change anything at all in the end. Sure, it is always a decision for each person and now that at least you can even go the freelance way and earn something for yourself in the absence of job in your country, but believe me when we are talking on the global scale, that is not enough.

[pat4cryptoreal]

Organizations, Government and individuals having being trying to fight poverty with less result over years, It takes an individual to personally decide to liberate his or herself from poverty by grabbing the opportunities around. Bitcoin have open the door of wealth to the whole world, it is now left for those that are ready to say goodbye to poverty to embrace bitcoin. So many opportunities is embedded in bitcoin.

[Tronx]

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?

Bitcoin cannot eliminate the poverty itself. There has to be some skills in a person which a person can use to earn or trade bitcoins. With no skills and hard work, even bitcoin cannot change the person's life.

[BaraxLo]

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.

We need to understand that bitcoin and altcoins are just basically payment tools and utility tools depending on how they are fashioned, and in such cases, even though they may be disrupting a lot of things eventually, the idea of kicking out poverty is not something they will just solve pretty much like that, and they cannot even solve it unless actually utilized effectively with some other factors added when it comes to governmental policies, innovations and creation within the country itself which in this case, there will be more jobs, and people will tend to do well for themselves over time. Cryptocurrency is not going to do all of that alone.

[nazaididuan1]

The problem of poverty is not a problem that money can solve!
Poverty is a problem that the government should solve, and BTC is just some tool to solve financial problems!
Institutional problems money can't be solved!

[PlusOne88]

This a good post but somehow I do believe something is missing in your idea. The hyperinflation thing might have made sense but I honestly doubt if bitcoin will be able to help out with its limited number. All things that go up must come down as a saying goes. What could happen to bitcoin being used up? Well of course it is very simple to analyze. When bitcoin price go up, those who have already made a gain will sell their coins and exchange it for their native currency and as a result the prices of bitcoin will drop as somebody dumps during the time when bitcoin price is high. As a result those who have just bought there bitcoin will suffer from a loss of value. So it might have caused others to become rich while the missing part is, somebody is losing as well. So the question is how do you think will it help the poor in this manner. I think it is more selective and subjective so helping the poor in general is something it might not be able to do.

[yitzjoe]

crypto especially bitcoin is for everyone not limited to social class because it doesn't require a lot of extra fees to start crypro. bitcoin and altcoin are more transparent and eliminate boundaries between countries and third parties in trading activities so that they are more effective and efficient

[Escf4]

We can now fight poverty by joining bitcoin and utilized the oppurtunity in which bitcoin had given to the people who believe in crypto currency and bitcoin itself, so if we work hard for cryptos and bitcoin , then I think that we can achieve good outcome from bitcoin technology in order to overcome poverty.

[Nolimitz84]

How, in practice, bitcoin will make a poor man rich?If a poor person doesn't even have a computer to access the Internet.A lot of people live very happily and richly and not having bitcoin in their wallet.They have land and a household.I believe to overcome poverty bitcoin is not needed.The main thing that everyone wanted to develop and go to his goal by any means.And wealth will come and so.

[Michael_Cox]

So if we focus on the thread title "lets kick out poverty using bitcoin" i would
Love to know how exactly this is going to happen because i cant see it?

Those with lots and lots of FIAT can potentially have lots and lots of crypto.
How are those with very limited resources ever going to aquire a notable
amount of bitcoin?

This. Plus, even without using bitcoin to "kick out poverty", those who have lots and lots of fiat could have done something about it. Why don't they help the poor? And you're right. If you're barely scraping by every single day, how exactly are you going to be able to afford a single bitcoin? Unless some rich-ass person would donate a coin to you, it's impossible that this will ever happen.

[JohnBitCo]

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?

Bitcoin can improve the overall economy of the poor countries but always remember, its just a currency. People have to develop skills in order to change their way of living and alone crypto cannot be much helpful.

[Betwrong]

~
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.

If by "utilizing" you mean buying Bitcoin and then using it, I think poor people don't have money for that. Normally they are living paycheck to paycheck having no spare money at all, barely able to buy the articles of daily necessity. Even if they knew that most probably Bitcoin will rise 10 times in price in the next two months, most of them wouldn't be able to find enough money to invest in BTC so that the profit from 10 times rising was of any significance. Investing is simply not an option for poor people. But I agree with you that Bitcoin can help at least some of them. What they need is they should try to earn Bitcoin and this very forum provides many of such opportunities.

[Daseento]

I honestly don't see how Bitcoin solves poverty problem directly. Bitcoin is essentially another form of paying and even being limited in supply means it's being held by few influential people (bulk of it). Therefore, I don't see how it directly relate to helping the poor or easing their burden. Please enlighten me.

[Roukawa]

We won't kick poverty amd corruption using bitcoin only. Remember, there are always a problem that will arise once we solve the problems. Bitcoin can lessen poverty because it is decentralize and the government does not uphold their citizen. Maybe, in the future corrupt officials will be detected of their illegal activities. That might be the solution when bitcoin take back the way.

[coinluisa]

Well we kick out the poverty using bitcoin but we need to help our self too and also we need to understand what is bitcoins and how to manage it. And it true bitcoin will be big help to people but hopefully some of people use it to good thing.

[Renampun]

I'm not sure Bitcoin can eliminate poverty, because poverty is like destiny and only people who want to work hard, have a different mindset and are intelligent who can change it. so I think Bitcoin will be difficult to help reduce poverty..

[deppil]

Organizations, Government and individuals having being trying to fight poverty with less result over years, It takes an individual to personally decide to liberate his or herself from poverty by grabbing the opportunities around. Bitcoin have open the door of wealth to the whole world, it is now left for those that are ready to say goodbye to poverty to embrace bitcoin. So many opportunities is embedded in bitcoin.

You right. almost all parties have tried to eliminate poverty. the government with its pro-people policies and provides assistance to the poor. but you are right if there is no individual willingness to change their financial condition. it's useless even though bitcoin comes even if they don't try to change it they will remain poor

[Panchum]

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.

Yes l believe bitcoin will kick out poverty in this world.If the pump of bitcoin price starts now and continuously increase the price the world wil wipe out poverty through bitcoin.

[Pumapipa]

I strongly believe in the ability of BItcoin and other Cryptocurrency to kick out poverty. This is a medium for people to switch from high-interest banks to a freeer way to handle their money, this is through cryptocurrency. If all people becomes educated on how it works, how we can trade using it or how can it be more convenient to transact with it, then sooner or later, people will start adapting the technology and leave the old form of money handling. Bitcoin can really be a way for us to breakout from the poverty line (doing bounties and getting paid for it is a first).

[Naughty Princess]

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.

I agree. People have different point of view in life. It is depend on a person how they are willing to leave  poverty. It is decided by a person if he is willing to know about bitcoin because there is a way to live with financial freedom when you work hard and learn how it works. Bitcoin can be a way to stop poverty, it just us who will accept it and apply on out living. We have to utilize bitcoin well in this matter.