Bitcoin is a Tech not "Manna" from the skies!

[Eugenar]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

Whether what is written on the white paper become fulfilled or not, we can also contribute to the development of bitcoin other than it just being treated as a tool for transaction in peer to peer without any third party involved. An believe it or not, bitcoin adoption is now widely spread that many individuals find their way of life easier in terms of transactions using bitcoin and other cryptocurrency. It may not get rid of the poverty yet, but sooner or later, we, as contributors to bitcoins will be a tool to help those that in need through the help of bitcoin.

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[electronicash]

peer-to-peer just want to make transactions being just the two parties involve without central authority. surely there is a tech when nakamoto said this. i don't remember anyone saying btc can help the less fortunate to become rich but it certainly help people from getting rekt by banks and central authorities. no matter how much effort you will spread the word that BTC isn't for get rich quick scheme, they already have seen it happened over and over. this is why its going to go up and down every time being a MANNA to them.

[dothebeats]

Bitcoin was never meant to save anyone from poverty, but just provide an avenue for the un-banked portion of the society to still be a part of the growing e-commerce ecosystem and have a say on the global economic scene. True that bitcoin somewhat helped the redistribution of wealth in the world but the majority of its purpose was to be a global currency that knows no authority, limits and restrictions. It just so happened that people speculated the hell out of it having the value of what it has today.

[serjent05]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

Bitcoin gives more opportunity to elevate one's status.  If that is not the same as getting rid of one's poverty, I do not know what it is to you.  I know people need to work to earn a living but if there is no opportunity for them, would they earn any amount to sustain their daily needs?

Bitcoin was never meant to save anyone from poverty, but just provide an avenue for the un-banked portion of the society to still be a part of the growing e-commerce ecosystem and have a say on the global economic scene. True that bitcoin somewhat helped the redistribution of wealth in the world but the majority of its purpose was to be a global currency that knows no authority, limits and restrictions. It just so happened that people speculated the hell out of it having the value of what it has today.

Indeed but when Bitcoin was created, it was packaged with lots of opportunity for people.  Start-ups offer more job, wise investments gives a huge return and there is less hassle on sending remittances all over the world.

[yoseph]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

First of all, Bitcoin was not invented to alleviate poverty and its a wrong notion even just to assume it! @ OP, would you be kind enough to further clarify your point? I mean maybe you could provide us relevant  links with regards to your topic especially when you mentioned "Manna" which I believe is a Biblical term. I hope you could expound more on this topic at hand.

Though Bitcoin wasn't necessarily invented to alleviate poverty, we can all agree that it has made some people very wealthy especially those who were able to start investing into bitcoins in its infancy stages. Am sure they didn't believe that it was going to rise in value as time goes on and now they are enjoying the profits and even those who started late have also been able to make some profits from it though it was made specifically for payments.

[kryptqnick]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

Well, to be fair, more than interpretation failed if we talk about Bitcoin as money being sent directly from one person to another. We have exchanges where we trade, we have some wallets that can also be considered intermediaries (all of them, maybe...). And if Bitcoin was not meant to solve the problem of poverty but can help to solve it, there's nothing wrong with that. But you're right that blaming Bitcoin for not doing that is wrong (who is blaming it for that, though?). Saying that people who blame Bitcoin wrongly for volatility would be a more difficult case, though, because one might argue that for something to function as money is should have relative stability.

[joinfree]

Exactly! People need to understand that Bitcoin and cryptoucrrencies & blockchain are a revolution that could or could not evolve in something of very high impact on our world. Similar to the internet, Bitcoin is an opportunity that people can choose to take advantage of. That's the only way in which people will get rid of poverty through Bitcoin in my view. Always remember that nothing is guaranteed on Earth.

At least some folks really get my message in here. there is this tendency of we dumping or accepting cryptocurrencies in the near future and even if it's the latter it's still going to be way expensive for people to buy. In case any poor person decide to invest into bitcoin do you think he/she would have enough resources to hodl for even more than 6 months? That's why investment strategies are always a game of the well-to-do because they have several streams of income in their life.

[darkangel11]

Does it mean we have to follow Satoshi's ideas to the word?
Some of us see Bitcoin as tradable asset, some as safe haven for illegal money, some as retirement money, others for a way to pay for child porn online or extort people. I don't see anything bad in trying to become rich with Bitcoin. There are people who say they follow Satoshi's vision but really misinterpret it and damage his name like CSW.

[chaoscoinz]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

  I agree, people act as if Bitcoin was a magical beanstalk that would grow by throwing your money at it. Durring the big pump a while ago when the market price reached the all time high, people where taking out money against their homes and emptying their savings accounts, then it crashed.
   It's just gonna take time for the sector to evolve a little more, I don't think crypto would do well mainstream to ordinary people, But one day perhaps.

[Lizzylove1]

Bitcoin is both a tech and a Manna! God created man and man created the manner, whichever way you look at it, without a single fight or working from 9 to 5, with bitcoin one can attain financial freedom from the comfort of their living room, this is a "miracle".

[lobat999]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

First of all, Bitcoin was not invented to alleviate poverty and its a wrong notion even just to assume it! @ OP, would you be kind enough to further clarify your point? I mean maybe you could provide us relevant  links with regards to your topic especially when you mentioned "Manna" which I believe is a Biblical term. I hope you could expound more on this topic at hand.

Well i don't have much links to buttress this point but if you have been here long enough this view has been shared by some young folks after the bull run of bitcoin in 2017. Luckily enough i just found an old post which also makes such claims. Just check it out https://bitcointalk.org/index.php?topic=5046710.msg46679092#msg46679092

I understand the OP in that link you've supplied did contend that Bitcoin could supposedly "alleviate" poverty but outlined only just three phenomenons that causes poverty and cites Bitcoin as a solution where in fact, there are different factors that can cause poverty which cannot be resolved by Bitcoin alone!

I do not think Bitcoin can solve unemployment,  overpopulation, conflict or war, disasters, etc., all of which are also causes of poverty. Imho.

What i simply meant by "Manna" is food as some folks think bitcoin is going to provide food unto their table.

Yes. I also meant "Manna" is food which is referred in the Bible. 

[vladimirhf]

Yes. I also meant "Manna" is food which is referred in the Bible. 

actually there's a coin called manna, it's around since 2015

it's an UBI (universal basic income) project, registered users receive free coins every week.

https://mannabase.com/
https://coinmarketcap.com/currencies/manna/

[CryptoBry]

Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

Certainly, Bitcoin had not been invented and adopted for the sake of eradicating poverty. In the first place, nothing can really erase poverty from the face of the planet but we can just minimize its impact on people. There are many tools and programs that anti-poverty groups/agencies are using to address this problem and some are effective and some are not. However, if you happen to be one of the many who acquired your Bitcoin during the faucet days and you hold on to them, then I am sure if you were a poor guy before you can now enjoy the riches you might be dreaming of. And that brings us to another misconception that Bitcoin is a get-rich-quick scheme and so when it failed to bring the money to people (or some speculators) the conclusion is that Bitcoin is just another scam. Personally, I don't see any wrong with us desiring for money because that is given, considering that we are living in a costly world where inflation is eating up our income, but looking at Bitcoin this way is just like looking at a coin in one angle. Maybe it is not Bitcoin's job to fight poverty but the blockchain technology may offer some help directly or indirectly.

[nasipadang]

I don't see understanding eliminating poverty. Besides the concept of peer-to-peer that is eliminating additional costs, which are usually used by third parties as their services. You are not given money for free with this technology, you still have to work to get money.

[Kakmakr]

Can we blame them? A lot of people have never been exposed to a "currency" that increase in value of time, so when they see this for the first time and they compare it to their local currency, then they think it is "Manna" from the sky. A lot of people in third world countries are experiencing hyperinflation, where the local fiat currency are losing value every day and this is a God send for them to find a currency that holds it's value and even increase in value over time. 

So, let's ignore all the negative criticism and appreciate what Bitcoin has to offer the people who are suffering with hyperinflation. 

[Tonteus]

Bitcoin is first and foremost an opportunity

[Mandoy]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

You have a point but let us not forget that bitcoin nowadays is much more considered to be a store of value rather than as a for of payment. It means that people are into bitcoin because of the potential profit through trading.  Also let us also look at monetary inflation and economic collapse and that bitcoin can be a tool for them to escape poverty. I dont say that universally bitcoin could get rid of poverty but I am also not saying that it does not have the potential to help people alleviate poverty.

[NeuroticFish]

Let's not get things twisted and funny enough when their false assumptions

Most people don't read much.
They've heard that some early Bitcoiners are rich now. Just look at Ver, or the twins, isn't it?
They may also hear about faucets: money for free. (It doesn't matter that's probably only a tenth of a cent, that part they'll understand much later.)
They may also hear about mining: some magic and poof, money for free.

And here's how the false assumptions are born.
Some will read and see what's the reality. Some others will get disappointed and may even become opponents of this technology.

[coin-investor]

There is this misconception that has been created about bitcoin and cryptocurrencies in general which needs to be cleared once and for all. I quote Satoshi's words from his whitepaper "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Maybe i misinterpreted this but where in this statement is it written/implies that bitcoin is going to get rid of poverty. Let's not get things twisted and funny enough when their false assumptions don't come to pass they tend to consider that the technology failed. Well i guess they failed in interpreting this simple message above. 

I have this feeling that he knew that it will become valuable because why would he create a very limited supply and cannot be modified and altered, there is none of his writing that tells us that it will get rid of poverty, and yet it was created to be that way, once it become valuable people are more than willing to engage in buying and selling and storing it and create demand.
That is why it become a tool to make money and get rid of poverty.

[jostorres]

I wonder why I read from a mate's post recently that bitcoin was created for asset purpose and for people to make money and I wonder if this user really even read anything that has to do with satoshi’s paper before saying this and the thing that I have found out is that many people joining cryptocurrency without even understanding one thing about it, and they just feel it is a Ponzi scheme where they put money to double it, so everything they look for on the internet is how much they can out in and how much they can get in return from the money which I would blame this misconception on people that introduced them first to the cryptocurrency market.

This is the main focus of bitcoin that you have here and this is what should make us happy the, most because we now have the freedom to have a transaction that will be free of all these thirds party government agencies that usually do frustrate ones transaction.