Bitcoin is helping to eradicate poverty in poor countries - page 2.

Tony116

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Quote from: Darker45 on July 29, 2022, 11:35:07 PM

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Edit:

Quote from: Bttzed03 on July 29, 2022, 11:31:36 PM

Quote from: Flyingjack123 on July 29, 2022, 09:53:30 PM

~ Once educated people will embrace crypto with open arms.

What most people embrace is the opportunity to make money from cryptocurrency investments and not really its actual usage. Once they're invested, that also doesn't guarantee they can get out of poverty. In fact, their situation could even get worse because of the market's high volatility and let's not forget various scams/hacks.

The poor don't even contemplate about investments.

Bitcoin is clearly helping some poor countries with high unemployment economies. I don't know if those people are really invested in bitcoin, but they are doing bitcoin and crypto-related work and it really gets them through the tough days.
I myself used to be unemployed and have no outside income, I came to bitcoin and must say that it has contributed to my income. Things are stabilizing now and I have also accumulated a small investment, not too big but my life has changed a lot since I got to know bitcoin and crypto.

By the way, OP, the article is just trying to shill about Electroneum rather than about the benefits bitcoin is doing in poverty alleviation as your title suggests.

bittick

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Crypto was helping a lot for the people in the poor countries. So many people can access crypto. Crypto was giving more opportunity for people to earn more money. Just like when you were seeing bunch of legit airdrops in the market. That was also helping them a lot to fulfill their daily needs.
That's why poor people are seeing crypto as an alternative way to get additional income. Some of them have become hunters.

romero121

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Bitcoin can create opportunity, but it can't eliminate poverty. It is the role of the government to find a solution for poverty. What is being said is about the authority that does charity in the form of eliminating poverty through bitcoin. This is really good, we can see good number of users in our forum itself doing the same. This is their service to humanity and there is nothing about bitcoin.

kawetsriyanto

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I can't deny it because this is sometimes, true. Many jobless people around me can really increase their life and being richer because of Bitcoin and also other cryptocurrency. This really helps. However, there are some notes on why they can be.
Most of them, as far as I know, are really consistent in doing their efforts and activities in the crypto world, consistency for learning and learning again to meet with their best ways to earn money with Bitcoin. This is also not easy because most will face some bad experiences, face, many failures in advance.
But on the other hand, there are also many people who are being poorer with crypto, because of greediness, being scammed, and also not patient sot hat they lose their money because of panic sell. Being greedy because theywnat tobe richer very soon and quicker, so that they can be easily deceived by the scammers with fake investment.

HeavensPro

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A good article but sadly it is a marketing one.The idea of their project is good but I see there just playing with the poor people who are ususally the most gullible.
For the people who live in poor areas where their income is about 30-50$ a month this project can seem promising but I don't think it's an act of goodwill but just an attempt to make money on those who can believe in a miracle.

stadus

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It considers a great opportunity for them to get extra money while working hard at their job. This really could help people who want to improve their lives and use this Bitcoin as a medium but the question is how these jobless people took capital for investment? If they will just take a loan in order for them to start investing in Bitcoin that gonna be hard and sounds like not a good idea.

I believe this could something change in individual life for those who participate in this but not enough to carry the whole country unless the government will give full support to their netizens.

judeafante

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Quote from: Flyingjack123 on July 29, 2022, 09:53:30 PM

I came across a post on how bitcoin is and can really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

The article is not mentioning Bitcoin or about Bitcoin but about an altcoin named Electroneum, you're using the wrong article and the wrong title you should correct it, it should be altcoin or the name of the altcoin that is mentioned in the article, the Cryptocurrency market is on an ongoing campaign of educating people on how good and how it can help people, one of the hindrances is people's perception of Cryptocurrency because of the too many scams that even seasoned investors are getting victimized.

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Quote from: TribalBob on July 31, 2022, 11:33:01 AM

eradicate poverty in one country?
I think this is too much as we know bitcoin is not legal in every country, so how can it help eradicate poverty in one country,
but if it helps financial freedom for the poor can be said to be true,
The article only contains ads, not what you intended

You do not need to do it for ALL of the world, you need to do it for one, and if you do it for one then you are going to end up getting the attention of the others. Imagine a world where all the crypto lovers got together and helped El Salvador. I am not saying that our money would be enough, hell we raised 100 million only for Ukraine because they were at war, how much do you think we could invest into El Salvador as a whole?

But, a decentralized donation run by all the crypto people into the first ever nation that made bitcoin legal tender would send out a great message, and if they actually do well? Well, next stop will be another poor country and then another and suddenly we have dozen countries in our pocket making it legal tender. That's what we should want.

Franctoshi

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Quote from: Flyingjack123 on July 29, 2022, 09:53:30 PM

I came across a post on how bitcoin is and can really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

Sure, I definitely agree with that most especially in the African countries where poverty and unemployment is on the increase. since the mass adoption of Bitcoin increased and more and more people now know about Bitcoin, Those people that do not have job has seen Bitcoin as an opportunity to escape from poverty and leverage from there, Then in the process Bitcoin has indeed changed there lives either by investment or by people finding Bitcoin jobs and earn money from there , For instance Bitcoin brought us together in this forum and a lot of people have earned money through signature campaigns which have really helped get them out of the poverty line because in some country $100 is big money, Therefore someone that is earning more than $100 a month here will definitely move out of the poverty line.

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eradicate poverty in one country?
I think this is too much as we know bitcoin is not legal in every country, so how can it help eradicate poverty in one country,
but if it helps financial freedom for the poor can be said to be true,
The article only contains ads, not what you intended

Zlantann

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Quote from: pooya87 on July 30, 2022, 12:10:03 AM

Bitcoin is a tool and tools on themselves don't do anything. What people do with the tools is going to decide the result.

I have never heard this superb description of Bitcoin as a tool. This is very correct because Bitcoin has multidimensional features that can be applied in different financial sphere. The knowledge and the skills of the holder would determine how useful or profitable it would be.

Quote from: pooya87 on July 30, 2022, 12:10:03 AM

As an investment you still need money to invest in bitcoin and to get out of poverty you'd need a considerable amount, we know someone who is defined as "poor" doesn't have extra money to invest in first place otherwise they wouldn't be considered poor.

It is true that the poor only consider there basic needs before investing, but there are some exceptions. I have seen people that are desperate to get out of poverty. These set of perceived poor persons are ready to cut down their food and other basic needs to invest in viable areas. We should not also forget that fact that Bitcoin can also be earned. The only challenge most poor countries or persons have is lack of infrastructures.

Ebede

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Bitcoin started it have reduced the rate of unemployment in the nation not only in one part of a nation but different Nations so I believe that bitcoin every nation most of the guy who are into am rubbing are no longer going into stealing because because of investment in Bitcoin so bitcoin have reduced rate of unemployment and the rate of poverty that is understandable except it is people that don't like welcome bitcoin

franky1

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i would not say it is eradicating it.
there are a couple billion people in the 'poverty' group
but bitcoin only has about 80m utxo (individual allotments held)

so its far from being so widely used that the poor are no longer poor

i would however say that it offers the poor a new extra opportunity to change their situations outside of the 'rigged game' of fiat, where fiat does not like to offer opportunities to the poor

bestcoins1

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Quote from: Flyingjack123 on July 29, 2022, 09:53:30 PM

I came across a post on how bitcoin is and can really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

Educating many people is not easy even though they are willing to accept the presence of crypto into their lives. Because when you want to educate more people for crypto, then some of the many people you educate will try to betray you and also won't consider you as his teacher when he is successful and big. That's why I only focus on my own family and myself for crypto and the like, even though teaching people about crypto is a very noble thing.

Yamifoud

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It can't be denied that many people had improved their financial capability because of Bitcoin but somehow, this is not enough to stop poverty in the country, especially among the poor people because not all of them have also the capacity to invest and are willing to do it. We could just say that Bitcoin investment is just an opportunity, not a tool to eradicate such a thing for the reason that this is only for those who can afford to lose and willing to take risk, not for everyone IMO.

Stella Mese

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indeed with bitcoin many people are helped economically because bitcoin investment is easy, and the investment can be long term or short term, and can be done by all people and can also be with small capital or large capital. so in this part of the world it is not surprising that many countries are adopting bitcoin because they see great potential. so in conclusion with bitcoin the world economy is helped.

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Quote from: Flyingjack123 on July 29, 2022, 09:53:30 PM

I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

Education is very important, especially in this type of market. The more we know about Bitcoin, the more we think that Bitcoin is a good investment, not a scam which is mostly what we've heard from uneducated people. We need such a thing as this actually helps the adoption. But on the other side, I really don't think this could eradicate poverty as these poor people are less likely to take risks rather than securing their daily needs, and investing is out of their priority.

If you know this - Rich people become more Richer while Poor people are still poor as they aren't willing to take risks.

BobK71

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Quote from: 8rch7 on July 29, 2022, 10:20:14 PM

but the problem is we have to try to teach them about bitcoin ,because most people in my country do not have a proper education. after I got to know bitcoin and entered the world of bitcoin my economy was greatly helped and my life is now starting to improve,

Most of the investors are not conscious about the use of Bitcoin as worried about the price. They invest in Bitcoin without having basic knowledge. Their only intention is in the upward trend of Bitcoin, they lose everything when Bitcoin fallen in bearish. So in order to get success through Bitcoin, I think everyone should know it in terms of Use. Bitcoin didn’t get success by itself. The goal behind the Prosperity of bitcoin is the success of millions of investors ‍as well as the supporters.

yhiaali3

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I am a living example of what a difference Bitcoin can make, the average income here in my country is about $30 a month and that is not enough for the minimum requirements to live, but my life has changed since I got to know Bitcoin, I now get a good income through my work in Bitcoin and sometimes It exceeds my needs, so I strongly agree. Bitcoin can make a real difference to the lives of people in poor countries and improve them for the better.

KaliLinux

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Quote from: Flyingjack123 on July 29, 2022, 09:53:30 PM

I came across a post on how bitcoin is and can really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

This doesn't have anything to do with Bitcoin but I understand once people hear Cryptocurrency they think of Bitcoin however I don't think that what they are saying can actually happen. First people, need to have access to android phones and data which is still going to be a problem with the poor folks in achieving any of those outlines they put out there like this one:

Quote

two-thirds of the world’s 1.7 billion unbanked people have a mobile phone. For those who don’t, the Electroneum US$60-smartphone enables them to access the internet affordably, and therefore more easily be able to become financially included.

so they want people survive on less than US$2 a day

Quote

Currently, about 600 million people are living in extreme poverty, which means they survive on less than US$2 a day, according to a World Bank study.

to buy an Electroneum US$60-smartphone Grin

Electroneum ATH was $0.207854 back on Jan 06, 2018, even the 2021 Bull market couldn't impact positively on the project, I can see the desperation.

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