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Author Topic: Is bitcoin an answer for poverty???  (Read 835 times)
TheHeroMember
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December 22, 2011, 01:32:38 PM
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?Is bitcoin an answer for poverty? In what way?

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December 22, 2011, 02:43:06 PM
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?Is bitcoin an answer for poverty? In what way?
No. Plain and simple. No it is not
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December 22, 2011, 03:03:07 PM
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?Is bitcoin an answer for poverty? In what way?
No. Plain and simple. No it is not

This. 

It would be like asking is gold the answer for poverty?
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December 22, 2011, 07:14:19 PM
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?Is bitcoin an answer for poverty? In what way?

I'm not sure exactly what kind of discussion you were hoping to start here, but I have to agree with D&T that your question doesn't make a lot of sense.
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December 23, 2011, 05:33:11 AM
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At most, it may be a global equalizer, if only because it allows anyone in the world to get paid for work regardless of the distance between employer and employee.

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December 23, 2011, 05:51:25 AM
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Bitcoin doesn't discriminate, it follows only the laws of math and the guidelines given to it by the network, and it is passively open to the entire world, making it potentially one of the best debt consolidation utilities in our century. That's all it is though. It takes money to move money and the only way it could assist in decreasing poverty is by increasing opportunity.

Other than that, Bitcoin is not the cure for cancer, governments, or reptillian congressmen. Sorry.

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December 23, 2011, 09:43:05 AM
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It's certainly a strong support mechanism for an underground economy. Many poor people are forced through circumstances to stay underground. Until we address those circumstances, Bitcoin can help ease poverty for some.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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December 23, 2011, 01:48:40 PM
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Bitcoin doesn't discriminate, it follows only the laws of math and the guidelines given to it by the network, and it is passively open to the entire world, making it potentially one of the best debt consolidation utilities in our century. That's all it is though. It takes money to move money and the only way it could assist in decreasing poverty is by increasing opportunity.

Other than that, Bitcoin is not the cure for cancer, governments, or reptillian congressmen. Sorry.

I totally agree with you, thanks mate. This one is the best answer to the question.

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
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December 23, 2011, 01:55:00 PM
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Bitcoin doesn't discriminate, it follows only the laws of math and the guidelines given to it by the network, and it is passively open to the entire world, making it potentially one of the best debt consolidation utilities in our century. That's all it is though. It takes money to move money and the only way it could assist in decreasing poverty is by increasing opportunity.

Other than that, Bitcoin is not the cure for cancer, governments, or reptillian congressmen. Sorry.

I totally agree with you, thanks mate. This one is the best answer to the question.
If you totally agree, then could either of you explain how Bitcoin is one of the best debt consolidation utilities in our century?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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