Can Bitcoin create an opportunity to reduce poverty? - page 4.

Dump3er

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Quote from: lizarder on December 22, 2023, 11:35:00 AM

Quote from: HelliumZ on December 22, 2023, 08:01:43 AM

It is never possible to eliminate the poverty of a country through Bitcoin but Bitcoin can bring some economic transparency to a country but it is not possible for Bitcoin to bring economic transparency by crossing the poverty line of that country. But if one thing is implemented, the population of that country can be turned into a public resource through Bitcoin. When the majority of people in a country acquire minimal knowledge of Bitcoin, the people of that country can use Bitcoin to bring economic transparency and help alleviate poverty.

It's still too far to say this in general because involvement in bitcoin is more individual and the issue of poverty alleviation cannot be seen from one aspect, even though bitcoin provides a way for anyone to reach the stage of financial freedom. Talking about poverty cannot be separated from the poor circulation of money which is caused by a lack of stability and may also be influenced by the absence of jobs for the community. Bitcoin can help poverty indirectly when people have the ability to invest. But it also becomes a disaster when people get involved in investing or trading if they don't have the right knowledge.

From this study, try to imagine whether people who don't have money can get involved in investing. Then try to examine through several surveys what poor people think? talk about fulfilling their needs or have they ever thought about prioritizing investment first?

Eliminating poverty in its entirety won't be possible, but since the current system is built such that those with money and power can extract wealth from the poor, BTC can offer the poor an alternative to save their wealth in a place that makes extraction harder, though not impossible through secondary ways. If a poorer person is saving in BTC and needs to use it at some point to make an investment (perhaps pursuing a business idea), those BTC will someone be reinjected into the bad system. But it does give people an option to protect their wealth from being taken away in some of the ways the current system is destined to allow for. Talking about one architecture based on algorithms as the ultimate savior goes too far. But considering BTC as one factor of many to fight poverty is certainly a comprehensible consideration.

lizarder

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Quote from: HelliumZ on December 22, 2023, 08:01:43 AM

It is never possible to eliminate the poverty of a country through Bitcoin but Bitcoin can bring some economic transparency to a country but it is not possible for Bitcoin to bring economic transparency by crossing the poverty line of that country. But if one thing is implemented, the population of that country can be turned into a public resource through Bitcoin. When the majority of people in a country acquire minimal knowledge of Bitcoin, the people of that country can use Bitcoin to bring economic transparency and help alleviate poverty.

It's still too far to say this in general because involvement in bitcoin is more individual and the issue of poverty alleviation cannot be seen from one aspect, even though bitcoin provides a way for anyone to reach the stage of financial freedom. Talking about poverty cannot be separated from the poor circulation of money which is caused by a lack of stability and may also be influenced by the absence of jobs for the community. Bitcoin can help poverty indirectly when people have the ability to invest. But it also becomes a disaster when people get involved in investing or trading if they don't have the right knowledge.

From this study, try to imagine whether people who don't have money can get involved in investing. Then try to examine through several surveys what poor people think? talk about fulfilling their needs or have they ever thought about prioritizing investment first?

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Quote from: bitvalak on December 22, 2023, 10:59:49 AM

Almost all countries are controlled by the interests of policy makers, we don't expect anything more from them.
The simple thing we can do is provide education to our closest family & friends. Let the knowledge you share spread like word of mouth.
People from lower to upper middle class economies are aware of themselves and want to learn about cryptocurrency.
But unfortunately there is always a big wall blocking their interests. Often these big walls are created by the government itself.

When there are still barriers to learning something that is considered important by society, such as the parable of the wall that you said. So everyone must also be able to find ways and solutions so that they can continue to learn more things in order to obtain a fairly independent economic income in their own lives. Because when every policy is controlled through the interests of a group of people, of course it will always be difficult for society to experience progress and prosperity through itself.

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Quote from: teamsherry on December 19, 2023, 07:11:03 AM

It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Almost all countries are controlled by the interests of policy makers, we don't expect anything more from them.
The simple thing we can do is provide education to our closest family & friends. Let the knowledge you share spread like word of mouth.
People from lower to upper middle class economies are aware of themselves and want to learn about cryptocurrency.
But unfortunately there is always a big wall blocking their interests. Often these big walls are created by the government itself.

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impossible. Even where they live as socialists.

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Quote from: Jawhead999 on December 21, 2023, 12:28:55 AM

No, actually Bitcoin make rich get richer, Bitcoin is risky asset for most people, when they don't have a lot money, they're not dare to invest in Bitcoin. Although Bitcoin could make you have an opportunity to multiply your capital, poor people don't want to take risk and hold it for long term.

The problem of poverty is education and access to resource, not Bitcoin or other investment.

Indeed, we see opportunity in investing in Bitcoin but yes, this won't make someone's life change if they don't invest. Investing in Bitcoin is just for those who have faith, have money, and are risk-takers. Bitcoin is not the solution to poverty but can be a great tool to improve our living. Solving poverty issues should come from Government projects, not Bitcoin. But also, if we want to uplift our living, we have not relied on the government but rather find ways.

Yes, we need proper education as it is a medium to increase our chances of getting a job and working permanently. Too hard to stop poverty when our country leaders have done nothing to the community.

HelliumZ

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It is never possible to eliminate the poverty of a country through Bitcoin but Bitcoin can bring some economic transparency to a country but it is not possible for Bitcoin to bring economic transparency by crossing the poverty line of that country. But if one thing is implemented, the population of that country can be turned into a public resource through Bitcoin. When the majority of people in a country acquire minimal knowledge of Bitcoin, the people of that country can use Bitcoin to bring economic transparency and help alleviate poverty.

AicecreaME

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Bitcoin already created opportunities to help anyone, it's just not everyone of us knows Bitcoin exist and those who knows it exists mostly are nonbelievers.

Poor people also doesn't have the privilege to grasp Bitcoin, that's why maybe they don't even bother to have it, because what they earn daily or even monthly are just enough to feed their families and pay their bills, nothing more, nothing less. Also, the very first cure to poverty is to educate those people who are illiterate about sex education. Those who lives in slums or secluded rural areas mostly produce children because of boredom, since they are unemployed, that's also need to be solved first to eliminate poverty if possible.

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Quote from: Ambatman on December 19, 2023, 09:13:56 AM

Poverty can never be eradicated
But at most reduced to a certain extent
As long as there's winners
There would always be losers
Everybody can't meet their basic needs
That's the sad truth about life
If everybody is given a million dollar
Then the minimum price for every commodity would be around same range.
Now moving back to your topic
No Bitcoin can't eradicate poverty nor can it actively reduce it.
Bitcoin is a currency
Currency doesn't reduce poverty.
Bitcoin is also an opportunity and opportunities reduce poverty.
In all my ramblings the conclusion is Bitcoin can create an opportunity to reduce poverty.

poverty can be decreases through bitcoin but knowledge is must here therefore with this knowledge you can end poverty but with the lack of knowledge you will increase poverty if you invest in bitcoin but are unable to continue it.

Everyone cannot make investment in Bitcoin even having knowledge about it because their financial system are not better enough to allow them for bitcoin investment even they know about the whole details of bitcoin.

Currency can eradicate poverty because if a currency is stronger then economic situations are stronger and if all individuals of a country start investment in Bitcoin then there is a hope the very soon poverty will end in that country.

Bitcoin is used as an investment opportunity so all those who gain knowledge about it and then use their knowledge to invest in bitcoin are wise People and they will soon change their financial status.

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Quote from: teamsherry on December 19, 2023, 07:11:03 AM

It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Not sure what does poverty have to do with crypto currencies. It's true Bitcoin and other cryptocurrencies can provide new opportunities, but it is for "investors" that can afford to invest in such highly risky volatile currencies. If you are suffering from poverty, crypto currency investment isn't for you. The only thing I can see crypto currencies helping in terms of financial aspects, is a "bank" for the unbanked people. But that won't magically remove poverty from their life. Bitcoin allows people to have control over their own "money" without needing a traditional bank. This can be a big deal in places where banking services are limited or non-existent. It does makes it easier for people to receive payments from anywhere in the world, potentially opening up new "job opportunities" from all around the world.

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Quote from: teamsherry on December 19, 2023, 07:11:03 AM

Life isn’t free and having to expect that it would run on a free expense is just one way to live on the hard side of it. I get it that everyone aren’t privileged and people deserves aids from time to time but, pegging this on someone or the government when your not doing much to enrich the treasury box is just how this isn’t happening. Politicians looting funds and citizens looking out for means to by-pass civil duties, payment of taxes and more.

Still, Bitcoin might not be the solution to poverty. Don’t forget, it is a currency and an investment. Investments come at a price. You need a capital, a device and knowledge of it. Note also that knowledge isn’t cheap and not everyone would want to waste profitable hours to give feee seminars on how to invest and make money out of known skills of there’s.

I really hope we don’t burden Bitcoin with the problems of our world, it’s first and foremost a currency!

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Quote from: teamsherry on December 19, 2023, 07:11:03 AM

...
that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin cannot be said to be a means to solve poverty, but Bitcoin can be said to be a way to become rich. In this world, people who are successful and rich don't happen by accident, there must be a lot of hard processes behind it and for everyone who hopes to be successful or rich from Bitcoin, they also has to go through such trials, they have to be able to hold Bitcoin until the price is high. on another topic, I have argued that it is impossible for poor people to invest in bitcoin, even if they are poor at eating, they will definitely just choose to buy food instead of bitcoin.
For this reason, education about cryptocurrencies from an early age will make the future of young people better, in the future they will adopt cryptocurrencies, especially Bitcoin, in their investments. The thing that will never happen with Bitcoin is that the price will go to zero. Bitcoin price will continue to increase so Bitcoin is the best investment right now imo.

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Quote from: teamsherry on December 19, 2023, 07:11:03 AM

It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

The fact remains that Bitcoin has actually made people rich/millionaire, and that is only those those who saw that it was a asset worthy of value and invested in it 10yrs ago when it's value was still significantly low. Because inasmuch as you never bought BItcoin 7 to 10yrs ago, you are liking to wait another longer period to make good returns off your investment. As Bitcoin is not a Ponzi scheme where you could invest in it today and except to get rich overnight. That's not how it works.

While secondly, another way you can reduce poverty with Bitcoin is if you trade (Dollar Cost Average).

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From the way you’re asking, I want to say a straight “No” because you’ve listed numerous challenges that honestly doesn’t have anything at all to do with Bitcoin. I guess People need to understand that Bitcoin is only but a cryptocurrency. Hodling it may give you some profits but that’s just it. It doesn’t elevate people from poverty and fix bad roads and insecurities as you make it sound.

jeraldskie11

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When we are in the company, we may calculate how much money we will make in the next month, six months, or even a year. It's almost as if your life is a pattern that never changes. But what if your wage is only enough to cover your basic needs? Who you are today is most likely who you will be tomorrow. If we are interested in Bitcoin, such as investing in it, it has the potential to improve our lives in the future. Bitcoin is a game changer, which is why most people who came here looked for a better life.

Aanuoluwatofunmi

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Bitcoin can make you get rich but this may not be as faster as you may expect because it has to go along through various stages of your investment in it, you would have also understand the way the bitcoin network work or operates, but on a common approach, if we literally Invested on bitcoin and have it on our personal wallet then hold for some time, we are going to be profitable in it, especially when our targe is on bullrun.

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Damn

Bitcoin won't solve poverty. Indeed, the world is digital, and our traditional currencies are all old. Teaching Bitcoin and altcoins empowers minds, not merely imparts knowledge. Understanding the digital economy is more than digital money. Because of understanding, you can innovate, adapt, and overcome. Totally eliminate poverty? Bitcoin is revolutionary, but that's a huge order. I'll address your issue concerning free cryptocurrency education. Good idea, especially for kids. After all, knowledge is power. However, learning about Bitcoin won't help someone escape poverty. Non-direct line. A strong tool, but still a tool. Education alone won't make a difference; we need platforms to apply it. It's like giving someone a fishing rod without instruction. Shocked

I like your idea, but don't oversell it. Bitcoin and cryptocurrencies can help, especially for online workers and diversifiers. This is a complicated subject. Education, opportunity, and creativity are vital. If we combine this with digital currency education, we may be able to reduce world poverty. It's a collaborative effort that starts with reasonable expectations and practical actions.

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Quote from: cryptodude on December 21, 2023, 08:35:51 AM

Bitcoin has the potential to create opportunities for poverty alleviation. Many parts of the world are not yet penetrated by banking services. Since Bitcoin is a decentralized digital money, people far away from the traditional banking system can avail this service through Bitcoin. But here too there are some limitations because apart from market volatility and solving technical problems, this service has no scope without an educated population.

It seems that not many people understand how the poor in living their lives and talking investa in Bitcoin will be far more difficult when someone has difficulty meeting their needs. On the other hand poverty is a major problem that arises at this time caused by the absence of workers that can make money to the wider community. Bitcoin does provide a way to achieve freedom but there is no way for the poor to succeed in investment if they do not have sufficient capital capabilities.

We always associate the banking system that is getting worse with its journey but there are many people still need this system to support business and involvement in Cyprrto specifically. We will create a great opportunity if it has supporting factors because to create financial freedom does not occur in a short time instantly.

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Quote from: Y3shot on December 21, 2023, 07:56:13 AM

Quote from: Jawhead999 on December 21, 2023, 12:28:55 AM

No, actually Bitcoin make rich get richer, Bitcoin is risky asset for most people, when they don't have a lot money, they're not dare to invest in Bitcoin. Although Bitcoin could make you have an opportunity to multiply your capital, poor people don't want to take risk and hold it for long term.

The problem of poverty is education and access to resource, not Bitcoin or other investment.

Bitcoin doesn't really fight against poverty directly, Bitcoin is just like a support to help people financially. When you are rich and you invest in bitcoin it increases the money that you have on you. Bitcoin is a digital investment that is profitable, it doesn't make people rich who have nothing and it is not an investment that people who do not have income can just jump into and it is not an investment that one can depend on it. It is only work, business that can help fight against poverty.

Agree with this mate Bitcoin itself can not beat poverty but Bitcoin can help those people who are aiming to live better than their current living, and yes Bitcoin is a trusted coin that once you have and invest with it then you can gain more profits. So the main thing here is once a country who are too many people then they try to buy some Bitcoin's and when the profit is come then they will have the opportunity to live their life much better.

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Bitcoin has the potential to create opportunities for poverty alleviation. Many parts of the world are not yet penetrated by banking services. Since Bitcoin is a decentralized digital money, people far away from the traditional banking system can avail this service through Bitcoin. But here too there are some limitations because apart from market volatility and solving technical problems, this service has no scope without an educated population.

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