LETS KICK OUT POVERTY USING BITCOIN

[Pab]

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.

Wonderful   but now it is not as bright like you post above
Big amount of btc is in a hand of very few people
transaction cost is very high
bitcoin mining is using a lot of energy
In a time of global warming it is very bad
Price is very easy to manipulate
There is possible to corrupt with any kind of money

So that what you post above was bitcoin idea but there is not like that anymore

[1714775708]

1714775708

[1714775708]

1714775708

[1714775708]

1714775708

[B.]

I am very confident that Bitcon and Altcoin can bring personal economic changes, whoever it is. From the data I have learned, the majority of people have had a mindset from the start to make money, they really don't understand assets because they have been brainwashed by the government through higher education that does not reach their abilities, they are not even taught stock education in senior high school (other than developed countries)

What I'm stressing is that it's impossible to change their mindset unless the cycle starts again for the next generation. their children will bring great changes to rise from poverty if they are used to assets from an early age, especially crypto assets that are not too difficult to understand through the internet.

[djgtr]

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.

Hello sir, we can't just wish for it to happen since the balance of the world will be ruined if all people in the world will be rich except for those people who are lazy enough.

The world is citcular it means their is a probability that this poor one will get into rich. It is because we cannotthe success if the person it is trying hard to give what will be right one for them. If you have strong personality and enjoy the give of bitcoin that leads you to success, well that would be easy to through.

[normanz]

Bitcoin for those who understand can get them out of poverty, but bitcoin cannot completely eliminate poverty. And to overcome poverty more can be eliminated if the government provides employment.

[jhongzjhong]

A lot of people engaging Bitcoin because they think that it is very profitable when comes the right time they kept holding on it just like keeping a piece of gold hoping that someday the price that they invested will be folded how many time of profit. But as of now still, the market was manipulated by big investors.

[Indai24]

A lot of people engaging Bitcoin because they think that it is very profitable when comes the right time they kept holding on it just like keeping a piece of gold hoping that someday the price that they invested will be folded how many time of profit. But as of now still, the market was manipulated by big investors.

It's not a guarantee that bitcoin can eliminate proverty because you can be lucky or you can be a loser. And I agree with you that these big investors are the ones who manipulated bitcoin.

[squog]

I don't think crypto currency can actually solve the problem of poverty. It just means that we just need more money in people's faces to solve the problem. The problem is actually to many people vying for too less of resources. The ones who could afford these resources actually hordes it.

[johnalyn]

I agree with you that we should also use bitcoin to removed poverty in any country but I think it will be hard to be done because we still need more time to educate people about bitcoin I mean to explain to those people who's not yet involved in joining here.

[Ponti]

In many instances in poverty, you are not going to need to completely use the crypto ownership. Also if you want to recruit people that feel like using crypto towards things that influence the whole economics, and overall can observe the larger picture of interchange goods for cryptos. If you're the sole owner of a workspace, you will want to get cryptos for your services, might as well use such software as “Airtable”. Simply speaking cryptos can “deal” with poverty, and specifically for sole traders that does not need much set-up capital and would certainly need “cheap” way of processing payment and cryptos can provide that.

[MAJICOIN]

Bitcoin is the key to success and it can be useful in poverty because if you many options for making money you will relax but when some problem arise in the earning you can be tensed so bitcoin is playing a good role for making people lives better and through bitcoin you can buy so many things and it is the future currency so by using this you can change your life.

[basyang]

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.

Yes that is true. Bitcoin can be one of a way to decrease jobless people because they can also earn on their own. The successful of your life is depends on you, Bitcoin is just a tool to achieve what you want. As long as you have a plan  or dream you will achieve it step by step. I see Bitcoin as a big help to give you an extra income or maybe it could be a full time job depends on what you do.

[Lomberjack]

Yes that is very true. If a country will accept bitcoin then it will surely help their country. Because it has no taxes and so much more benefit that they will get from it. Poor people will be rich.

[sumangs]

I think it is impossible to beat poverty using bitcoin unless its marketcap reaches a trillion. If we are relying on the bitcoin today it is still not enough to fill all the poverty side hence not effective. But thinking of a possibility that it would reach $100,000 per coin then it would really be. But I think it would be long to take that huge amount. Also not all people are known to bitcoin so it takes time for them to know it and make use of it.

[D3F4L7 RAT]

You can't just eradicate poverty with the use of Bitcoin. Poverty is a huge deal and a serious problem, that requires both economical and psychological improvement. Economical means that a country must progress with their market, which Bitcoin could help, yet the Psuchological factors matters the most as if your community doesn't have proper discipline and knowledge, consequences would be abuse and disrespect.

[omegasoldier]

BTC can help some people to avoid poverty, but at the same time it can easily make a person poor. It is quite delicate financial tool and without proper knowledge and experience it can easily backfire.
Besides, even entering BTC market takes some initial investment - I wonder how people with low income will do it, if only they`ll sell all they have and risk it on BTC.

[patarfweefwee]

I don't think crypto currency alone can eradicate poverty. I mean it alleviate it for a time but it is not a long term solution. I think the solution for this is to redistribute wealth and stop big wigs from hording it and lessen the people vying for the same resources or simply increase the resources. I think these are solid long term solution for this problem.

[coinfinger]

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.

Well there is quite difference in this scenario. There are hundreds of people who have been benefited from bitcoin. They have done classic to recover their losses and they converted from poor to an average. Right now, they are earning so handsome and living happy standard life. But yes, you can’t say bitcoin is only for earning. I think it plays for both things.

[KesoNie]

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.

Well there is quite difference in this scenario. There are hundreds of people who have been benefited from bitcoin. They have done classic to recover their losses and they converted from poor to an average. Right now, they are earning so handsome and living happy standard life. But yes, you can’t say bitcoin is only for earning. I think it plays for both things.

The best we can do is by encourage all the people then teach those who really want or willing to know about cryptocurrency. But the one who can help those people are theirselves because if they really want to have a better life they will find way. Poverty is not the reason why you there but the one who involve to it can change it.

[awik p]

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.

Well there is quite difference in this scenario. There are hundreds of people who have been benefited from bitcoin. They have done classic to recover their losses and they converted from poor to an average. Right now, they are earning so handsome and living happy standard life. But yes, you can’t say bitcoin is only for earning. I think it plays for both things.

The best we can do is by encourage all the people then teach those who really want or willing to know about cryptocurrency. But the one who can help those people are theirselves because if they really want to have a better life they will find way. Poverty is not the reason why you there but the one who involve to it can change it.

right, the one who can change is yourself. as long as there is willingness and hard work, of course it will be easier to receive lessons here, besides that discipline must be maintained, because all the rules must be obeyed

[Muzika]

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.

Well there is quite difference in this scenario. There are hundreds of people who have been benefited from bitcoin. They have done classic to recover their losses and they converted from poor to an average. Right now, they are earning so handsome and living happy standard life. But yes, you can’t say bitcoin is only for earning. I think it plays for both things.

The best we can do is by encourage all the people then teach those who really want or willing to know about cryptocurrency. But the one who can help those people are theirselves because if they really want to have a better life they will find way. Poverty is not the reason why you there but the one who involve to it can change it.

right, the one who can change is yourself. as long as there is willingness and hard work, of course it will be easier to receive lessons here, besides that discipline must be maintained, because all the rules must be obeyed

it is about teaching a man to fish and not to give a fish, it is better to teach people how it works because it is impossible for someone to eliminate poverty it must be started to a person itself. Cryptocurrency is just a medium for us to be rich so we should put our efforts and time if we want to have a good life.