Topic: Can Bitcoin create an opportunity to reduce poverty? - page 9. (Read 1191 times)

The thought that Bitcoin will eradicate poverty in a country is not correct. Poverty can be reduced in a country through diverse economic programs that include an increase in exports, provisions infrastructure, employment creation, quality health care and education, etc. Teaching students about the crypto space is not a bad idea but it will not singlehandedly lead to the development of any nation. Countries like El Salvador have invested heavily in Bitcoin and it is gradually becoming profitable but the Investment has not made the country eradicate poverty. People learning about the crypto space can help them to diversify their income or create few jobs but you shouldn't see it as the solution to your country's economic woes.

This year has not been an economically prosperous one. Many people become unemployed and others have been forced into debt because of the harsh economic realities. I know that everyone wants to enjoy this season by going shopping and travelling to visit loved ones. But we can forgo these activities if we don't have the financial resources to fund these expenses. This year will not mark the end of Christmas, there will always be other opportunities to celebrate next year. My suggestion is that you maintain a low-key celebration if you don't have enough money. Don't stress yourself or go to take a loan because you want to be like others. If you don't have money for transportation and there are no provisions for that, remain in your location and celebrate with what you have.

I was just a poor person when I stumbled into this field of the bitcoin industry. But out of curiosity, I became interested in learning and studying it. And while I was doing that, I knew that it could help me make a living. And when I found out how to have Bitcoin or cryptocurrency, I became even more positive about Bitcoin and cryptocurrency.

It wasn't until it got to the point that I was making an income here through this forum that I learned the lessons. Until now, I'm still studying it, as if I never stopped. In short, since I was jobless before, Bitcoin has helped me, and crypto has somehow gotten me out of the poverty I was in when I was just starting out.

I don't think so, and even less so as events are unfolding. There was a time when it was thought that in the future bitcoin could replace all fiat currencies and be both a store of value, an exchange mechanism and a unit of account. Too good to be true. There are still people who think so, but few. In that idyllic scenario it would supposedly reduce poverty, but as things stand, with most people buying it as an investment and not caring about privacy, blacklists and tainted coins, I don't think such an idyllic future will happen, not by a long shot.

I believe learning bitcoin has always been free since everything is already laid in the internet, one just need to do its due diligence to study  so that he will come to understand bitcoin and the rest of the crypto market.

However, when asked if bitcoin provides opportunity to reduce poverty, yes it really is. But majority of the people do not know or do not care about this since all they believe is that bitcoin is a ponzi scheme and a big threat to the government. Only those bitcoin enthusiasts are aware about this, the reason why everyone in the bitcoin community is really struggling to save money to purchase bitcoin even at a minimal amount.

On the other hand, poverty cannot be totally eradicated but it can somehow be reduced having bitcoin as a tool. And in order to do that, one must personally gain sufficient knowledge in bitcoin so he can use it smartly to create big positive changes in his life. I've known a lot of people who's lives are improved with bitcoin, but it takes a lot of patience and persistency in the market to make it happen.

You can learn by yourself, there are many online sources and videos you can find e.g. learnmeabitcoin. You can't expect someone will teach you, they're high likely will charge some sort of fees because they can't live just to teach, they need foods to consume.

Actually Bitcoin is free, anyone can buy it even they live in a country where Bitcoin is banned completely.

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.

Bitcoin has a limited liquidity while the global poverty is more than the marketcap of Bitcoin. Even the government with unlimited supply fiat failed to address poverty.
Bitcoin investment might help to get you some profit but it’s not sufficient to defeat poverty especially if you are only investing small amount of money on it. This is possible when we are on the initial phase of Bitcoin which the price is near a dollar each since the growth is exponential but right now the price is discovered and having even x10 gain is very hard to accomplish on the current price.

 Op Investing on Bitcoin is not bad if you are poor but don’t rely on it solely to getaway from poverty since you will need steady source of income to maintain consistent investment and purchasing your necessities.

Which means Bitcoin can not eradicate poverty.

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