Do you think Bitcoin can end poverty? In a nation today

[southerngentuk]

I have to share with OP about this fact, we are aiming for a balanced life from time immemorial and now the law of birth and destruction and rebirth is like the seasons appearing in the year, the balance It's something I've never really felt worthy of. We are born with many different rights and limitations, the rich and the poor divide people, the thinking of those who are controlled by material things. With BTC I also feel that fairness is the issue raised, however I can repeat this if you don't know it how to help you understand it like I do.
And whether the emergence of bitcoin or blockchain is showing the balance but it takes time to reset everything, one story that I want you to imagine is that you try to imagine yourself as someone who has a lot. Money like Elon, what will you do? And vice versa if you are homeless what do you need to do to save this world?

[LogitechMouse]

Bitcoin can end poverty of some people, but not all people.

First, not all people are aware of Bitcoin or at least in every nation like you said. In every country, not all of them knows Bitcoin so how they can be out of poverty with the help of Bitcoin? Aside from that, if there are some who knows Bitcoin, chances are they might not interested on even learning it because they might think that it will be a waste of time for them.

Second, some or let's just say most of the poor people aren't going out of poverty because of their mindset. They don't have a perfect mindset that will make them out of the poor. We know how important it is to have a mindset because that will help you.

There might be some people around the world that turned themselves into a rich person with the help of Bitcoin. Now to answer your question, it will not happen. A poor person will not have spare money for them to invest into Bitcoin.

[libert19]

I don't think it can end poverty but it's invention has helped. It has made some people financially healthy who got in early and made right decisions. Plus with Bitcoin's invention crypto sector has popped up which has come up with it's own work opportunities.

[fuguebtc]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin is an investment, and if you want bitcoin to help you improve your finances, you need money to invest in bitcoin, if you don't have money, bitcoin will not help you. To me, bitcoin is like any other investment, which can lift someone out of poverty or make someone poorer if not invested properly. So my point is bitcoin can't alleviate poverty for anyone, you can get out of poverty or not is up to you, bitcoin or any other asset can't decide for you.

[HajiBagi]

Bitcoin cannot eradicate poverty, because not everyone in the nation can invest, How can a someone who is living paycheck to paycheck invest in bitcoin? Out of 100% of some countries, 60% are poor; therefore, even if bitcoin is introduced to them, they will not take it very seriously because they do not have enough to invest. It is impossible for them to invest when they haven't fed themselves. Bitcoin is not made for people who are incapable of doing it or investing.

[autumnleaf]

I concur with some of the other members that poverty cannot be eradicated, only reduced. When you cite your country as an example of where poverty is rife, I disagree with you up to a degree when you claim that Bitcoin can end poverty. They are no longer considered to be in poverty, in my opinion, if they can manage a Bitcoin or investment.

[Plaguedeath]

Bitcoin isn't a charity company where they have an unlimited money to spread out to the poor people all around the world. If poor people are struggling to feed themselves, how they will have money to buy Bitcoin and hold it at least for the next 2-4 years?

To end poverty they need to work and learn about financial course, investing in Bitcoin isn't only a way to make people become rich. Many people are become rich by start their own business and it has no relation with Bitcoin.

[vv181]

It has been said many times, bitcoin does not address poverty. A mere bitcoins adoption could not reduce poverty. A complex problem requires a thorough solution, bitcoin is out of the option it could significantly reduce poverty within a country. Bear in mind that you can not simplify how to reduce poverty by only giving people a way to increase their savings and access capital.

Globally, according to World Bank, the poverty line is $2.15, and as of now, the low priority fee of a bitcoin transaction is $0.34. And that is just a simple case where bitcoin does not solve poverty at all. So, it requires a comprehensive solution to address and improve the poverty rate within a country, do also note each country might require different needs, hence, bitcoin is very unlikely to help it in most cases.

[abralzain17]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

poverty in a country is a problem that should be handled by the government in that country itself, the government must look more closely at the causes of this poverty. those who live in poor countries will not find it easy to get to know bitcoin or invest in it, of course they will refuse the invitation to invest because of the limited funds they have. of course they will be able to get out of the poverty line if they are able and dare to invest in bitcoin or other crypto. I think someone will enjoy the results of their investment even if they don't get rich

[ethereumhunter]

It depends on them because investing or saving in bitcoin requires awareness that bitcoin can help them change their lives. Poverty alleviation is the government's job but if they don't or don't want to change, their lives won't change.

The government and us as people familiar with bitcoin, only introduce bitcoin to them and the decision to invest in bitcoin is completely in their hands. Some people already know the potential of bitcoin for them and, finally, decide to start investing in it. And when the bitcoin price touched its last ATH, they made a big profit and could change their life. If there is no desire to change his life, it will not happen.

[AnonBitCoiner]

Bitcoin price is so high that poor people cannot buy bitcoin and cannot make investment in it. Instead of benefit the bitcoin also contains risk therefore if poor people invest money which is in little amount then how they will manage house holding necessaries and they also have dangerous situations about its losing.

Bitcoin can save one's money but everyone cannot make investment in it because poor people cannot afford it. However if they save little amount every month then after sometime they will be able to use that money for the investment.

[GideonGono]

Nope Bitcoin could only help but it couldn't end poverty in a nation.
Not eveyone could earn from crypto and it is the reality,
If they could invest a small amount do you expect them to make a big profit? that doesn't work that way and many things could affect their investment since we are talking about poor?
They don't have enough money and struggling to survive so if any unexpected things happen they would need those investment no matter what peice it is (Gain or Loss) they would sell it.

[isaac_clarke22]

~

Bruh, Bitcoin is simply a crypto coin that can be used by people to freely use their own money without having to involve any authorities at all. Just because people are earning a lot from it does not mean that it can just eliminate poverty as well as unemployment. This is like asking any currency out there if they can eliminate poverty at all.

I would not even rely on crypto to be able to give me the access to my needs constantly.
I believe these discussion were like way back in 2017 and it kinda gives me that strange nostalgic feeling again.

[Mpamaegbu]

Nothing can ever end poverty in the world. Despite how raw and unpleasant anyone will think that comment of mine is, it's the simple fact. Poverty is as old as prostitution itself. It's like imagining that anything in the world could end prostitution. The best any nation can attempt is to alleviate or reduced the level of its poverty, not end it.

Talking about Bitcoin and poverty, the poor are likely not going to be interested in its investment. Tell me how anyone living below a dollar per day will be interested in anything investment. They're more likely to be concerned with where their next meal comes from.

[Wakate]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

It all depends on individuals and how they see the market. We all know that there are lots of information in the market and we can only have access to them if them see them or are prepared. The market is growing everyday with so many ups and downs market reactions.

If we learn the cryptocurrency market very well and we develop ourselves in a particular area whether trading or other aspect of the market, we will gain profits if we are good at what we do. For we to alleviate poverty depends on our individual self and if we have the fund to invest in the market and make more money.

[deathcode]

Bitcoin cannot and is not created and does not have the properties to end all poverty in a country.
I think it's true that Bitcoin can help improve a person's economy, but that doesn't mean that Bitcoin can end the entire poverty line in a country.
Bitcoin is an asset and not a quick way to end poverty, because poverty itself is caused by several factors such as low per capita income but high prices for basic necessities, not many available job vacancies, low education levels and many other factors.
The way to end poverty in a country is to fix what are the main factors of poverty in that country and of course every country is different because it depends on what factors have the most influence on the poverty of the population of that country.

[Adbitco]

Before an occupant of a nation could venture into bitcoin this means they are purely characterized and be subjected of accept any risk that could possibly come out of it. How could they engaged themselves into bitcoin investment were a nation is poor and looking for a way of survival and you think it will end poverty In such nation.
Well lemme draw to your attention that only those whom are willing to accept any lost that could definitely comes out of poverty.

[Accardo]

Bitcoin doesn't have to make everybody in a nation wealthy before it'll be seen as a means of uplifting poor people. If bitcoin can change the life of one person in the nation it has done more than enough to that very nation. Bitcoin has no legs, it doesn't speak or communicate. We, the users of bitcoin, are these amenities bitcoin lacks. So, I think it'll sound better if you rephrased your question to, Can the whales end poverty in a nation with the use of bitcoin? Then I'd say a big yes, because people who are rich in the bitcoin community can decide to venture into the nation and uplift their economy by launching bitcoin startups in that nation, decrease unemployment and teach people how to use bitcoin. With that a lot of people from the nation would join the network and begin to practice blockchain development, writing, designs, marketing etc. These acquired skills will live in them even when the rich bitcoin investors that visited their nation vacates the land. Such unswerving foundation will enable them to work remotely from their nation and make money, the few people who got employed and probably rich will be considered a huge achievement for the bitcoin community. As time goes the nation's bitcoin community will continue to thrive.

[romero121]

Bitcoin have nothing to do with poverty. Maybe the direct benefitting schemes from the government can be made even more effective than the traditional banking system. Bitcoin is innovated for different purpose and the same now got used in different needs. This means bitcoin have turned to be a multiple usage asset.

Poverty is something that needs to be concerned by the respective government. Every country have got poverty, but the grown countries hide it from the outer world. When the governments have trillions to spend on security during a budget, why can't the same government spend to eradicate poverty. This is some kind of politics, because if a person is taken out of poverty they'll progress slowly. In politics people need to be kept in control, poverty too a source. This needs to change.

[lovesmayfamilis]

For Bitcoin to lift people out of poverty, they must invest in it. You must understand that poor people live one day; it is important for them to feed their families. How can they have extra money?
Nevertheless, Bitcoin can motivate people to educate themselves and agree that you cannot enter any industry without experience. If people begin to take better care of their lives, value time, and learn new technologies, they may have a chance to escape poverty. But it always depends on the person himself and not on Bitcoin.