Can Bitcoin End World Poverty? - page 101.

bebejhen

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Quote from: ritsel02 on September 22, 2017, 12:36:40 PM

Bitcoin can't easily solve poverty. It is a long process, there should be an awareness programs or seminars so that people will be aware on the advantages of bitcoin. Diligence is necessary so that individual would strive to help themselves out of poverty.

I agree with you. It's really a long process. It takes decades or more. Bitcoin can help lower the rate of poverty but it can't end up. To end up poverty we all need to cooperate to each other, discipline ourselves, work hard together, etcetera. We all need to have one goal and this is to end up poverty. If others will not cooperate and continuing doing wrong, poverty will not end.

bry0908

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I dont think so.. maybe bitcoin can help to improve human lives by means of earning extra money.. but poverty?? I dont think so.. many country has a problem on poverty..its because of lack of help from the government or maybe not the government fault but by the way they leave... if you born in poverty, it does not mean you should die also in poverty.. you must strive you must help your self to gain everything..we need to work harder for us to leave the way we want.. bitcoin is another way to solve or to give us opportunity to be more positive in everyday life..tnx

kendra1107

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Quote from: links on June 28, 2017, 08:46:43 AM

For me i think so..

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

READ MORE:

Absolutely not..Poverty is inevitable. It's people who can stop poverty. But this actually close to being impossible since mankind is greedy and manipulative and lacks a great amount of discipline. So bitcoin has nothing to do with solving poverty. It only gives an opportunity to earn. But ofcourse, if you play it right with Bitcoin there's a good chance you'll be successful.

wireless1889

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It depends on the person if he or she want to get out in the poverty I think the poverty in his/her life will be ended.

sampalokmix

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Quote from: Humanxlemming on June 28, 2017, 09:39:53 AM

Well with one snap of bitcoin it cannot end the worlds' problem which is poverty. It is always up for the people to move by themselves. It is on the people that is on that situation, it is up to them if they still wanted to live or they wanted to die as poor. There are a lot of stories I've read saying that there were many people born as poor but died as rich. Well for them to end their poverty using bitcoin they need the literacy to do it. At least they need to be media literate to deal with this.

True, and bitcoin is just a digital currency to be use for investment, transactions, and tradings but change and eradicating poverty that has been one of the unsolved business of the world I think it will still depend on us. Additionally, charities, valuable services and education program must be conducted worldwide as well as rhye consistent effort of the governments regarding this issue.

rosepetals

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In my opinion as well it can never end worlds poverty..this can make someones life wealthy as times goes by..if he has knowledge about bitcoin..as we all know just a few only knows it..and not everyone knows about how to earn btc..especially in our country in which everybody think its a scam..those people who wont take risk to invest and learn will never end its curse of poverty.

Loope

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For me, as my opinion, I think there is a space where in bitcoin can somehow listen the poverty of the world. Not only the country who are suffering from financial problem but also to the country who are rich will continue to upgrade their status..Modernization exist when there is a change due to bitcoin although it is world wide,It has a capability to end the poverty cause it helps to decrease the increasing number of unemployed in such countries.

catapult

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I think nothing in this world can end world poverty completely, but with a good luck and good decisions about currencies, a person can over its own poverty maybe Cheesy

I think it is the answer of that why we see many people in this forum who want to go back to 2009.

Westinhome

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Bitcoin can end poverty if the person knows how to bitcoin, iff they know how to bitcoin im sure it will end of his poverty in life. Actually im doing also bitcoin because i want to change my self and end my poverty also in my family so it was a big help for me for always doing bitcoin everyday.

mharz

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Quote from: que91 on September 24, 2017, 04:40:08 PM

Quote from: happyme1818 on September 24, 2017, 03:00:26 PM

Quote from: links on June 28, 2017, 08:46:43 AM

For me i think so..

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

READ MORE:

Nope. Because not all people are willing to work to accumulate more bitcoin. One more thing is that transaction fee is more expensive than before and it will grow the moment bitcoin price will rise again.

That transaction fees only increases when the Bitcoin system receive a huge number of transactions and can not confirm. After apply beta lightning network into Bitcoin system, I do not see any problem about this case.

I can't says if the bitcoin eliminate the poverty of the world, maybe thru help of crypto currency they were lessen the numbers of poverty in the whole world. Because some unemployment person were got job using bitcoin.
Therefore, a lot of persons were got an extra income this help also of bitcoin. They were incurred additional profit to support the needed of their family and I think it is a good idea to provide decrease the numbers of poor people in the whole world.

que91

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Quote from: happyme1818 on September 24, 2017, 03:00:26 PM

Quote from: links on June 28, 2017, 08:46:43 AM

For me i think so..

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

READ MORE:

Nope. Because not all people are willing to work to accumulate more bitcoin. One more thing is that transaction fee is more expensive than before and it will grow the moment bitcoin price will rise again.

That transaction fees only increases when the Bitcoin system receive a huge number of transactions and can not confirm. After apply beta lightning network into Bitcoin system, I do not see any problem about this case.

streetlight

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Bitcoin, sadly cannot fully end world poverty. Maybe cryptocurrency in general, but Bitcoin could not do this alone.

centralbanksequalsbombs

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It has been happening.

As each year passes you can see more and more individual trades in poor developting countries (as well as the developed) - look at the increasing transaction count in places like Phillippines, India, Nigeria, Russia, Greece, Bulgaria, Australia, Japan, Korea, Canada, Spain, UK, Brazil, the USA, Venezuela, and Mexico.

Bitcoin is the only store of value asset that offers escape from the central bank financial-slavery and conflicts/bombs/war system

Fiat around the world is heavily infested, broken, and burdened with:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)

Bitcoin, systemically, is free from these burdens.

happyme1818

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Quote from: links on June 28, 2017, 08:46:43 AM

For me i think so..

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

READ MORE:

Nope. Because not all people are willing to work to accumulate more bitcoin. One more thing is that transaction fee is more expensive than before and it will grow the moment bitcoin price will rise again.

gotya1

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If somebody doesn't have any money then another currency wouldn't help them because they wouldn't be able to exchange for it.

I don't see how Bitcoin could end poverty.

Rinder

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Bitcoin is allowing anybody to get a decent extra income doing signatures as well trading and several more projects related to crypto currencies. Taking those into consideration i do believe it can help to improve all life since they can earn extra income online, wich may change a lot their lifes and for a few will turn into the main income they will get.

DuaLipa

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Quote from: Osarman on September 23, 2017, 03:16:16 AM

Quote from: ahmad21 on September 12, 2017, 02:54:33 PM

A very straight answer to this question is no. In every economy there are a few key players who are the big guns and a lot of people who are just too poor to participate in the economy. Even if we think that whole world economy would shift to bitcoin its very difficult to say that everyone would get equitable amount of bitcoin. So the problem remains same. Poverty stricken people still wont have money in form of bitcoin. But yes bitcoin would surely make a few millionares or even billionares who knows?

Yes I agree to you 100 percent. There is no way that bitcoin can end world poverty, because many good currencies like dollar prevails in the world for a long time, will it overcome on poverty? No. the same is here with bitcoin/ there is no sense that bitcoin will handle the poverty of the world because it holds by individuals and they will never spend their bitcoin for other people of the world below poverty line.

We shouldn't expect bitcoin or other coins to end world poverty, this is impossible and not for bitcoin's business. The world povert has been occuring since the start of the life. This is inevitable.

Shomeare1932

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I think Bitcoin can't end planet poverty but it can lease poverty. Not all know BTC and use BTC like inadequate folks never have cell or notebook to be used. But like us that we know BTC we can lease poverty by supporting people close to us.Â

BitcoinBallerina

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I believe Bitcoin can end world poverty as long as everyone gets some in their hands, or rather in their phones. Then people all over the world can express value on a transparent global ledger.

Allan Ramanda

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bitcoin is really helpful for the bottom, because they can make money casually, and how to get it pretty easy, if you do not have money, you can also get it for free.

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