Can Bitcoin End World Poverty? - page 121.

Dainye_dyep

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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:

In my insight, for me no. Because even the past currency cannot resolve the worldwide problem which is the issue of poverty. In addition to that, although technology rises, there are still countries that are not yet rich with this innovation. Also poverty is a major issue that is present ever since the world urbanization. Maybe bitcoin can lessen the poverty effect but cannot be a concrete solution to resolve the world poverty.

cryptocortex

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This can help people not suffer the consequences of fiat inflation, and give them a solution to transfer money around the world in a permissionless, borderless way. But for people to get out of poverty they need to get out of the comfort zone.

bahandhi0508

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Quote from: susila_bai on August 11, 2017, 04:52:32 PM

Quote from: airdnasxela on August 11, 2017, 04:47:26 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:

Bitcoin cannot end the world poverty all of a sudden knowing that not everyone is already aware with it. Many are still clueless of what bitcoin is and on what it does to people. You can not simply say that bitcoin will end the world poverty because the one that can end world poverty is the people itself, they hold their will in their hands and it depends on them if they'll use it rightfully or not. Also bitcoin is not yet legalized to all of the country's so maybe that's one of the reason why it would still come a long way till bitcoin can end the world poverty.

What you said is true, still their is more then 60% of the population of earth are illiterate or living poverty line so how can they earn bitcoin if they dont have access to internet and computer. Only the developed country are getting more benefits.

Basically if we are thinking it to general idea, well it's not possible to happen you can end world's poverty without an education. Most importantly the government of every country in this world should fund the people who were less fortunate to acquire an education, with that strategy bitcoin learning will be easy to the illeterate people who has become educated to adop the system of bitcoin.

pharesim

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I dont think that bitcoin could end world poverty, those who really have power wont let a digital coin to take them off from the throne, because money moves the world, and banks do so, and poverty people wont let bitcoin to take the banks out of the road so easily. so this is the first reason. i hope bitcoin have such a high price, but not to take the poverty out of here.

susila_bai

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Quote from: airdnasxela on August 11, 2017, 04:47:26 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:

Bitcoin cannot end the world poverty all of a sudden knowing that not everyone is already aware with it. Many are still clueless of what bitcoin is and on what it does to people. You can not simply say that bitcoin will end the world poverty because the one that can end world poverty is the people itself, they hold their will in their hands and it depends on them if they'll use it rightfully or not. Also bitcoin is not yet legalized to all of the country's so maybe that's one of the reason why it would still come a long way till bitcoin can end the world poverty.

What you said is true, still their is more then 60% of the population of earth are illiterate or living poverty line so how can they earn bitcoin if they dont have access to internet and computer. Only the developed country are getting more benefits.

airdnasxela

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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:

Bitcoin cannot end the world poverty all of a sudden knowing that not everyone is already aware with it. Many are still clueless of what bitcoin is and on what it does to people. You can not simply say that bitcoin will end the world poverty because the one that can end world poverty is the people itself, they hold their will in their hands and it depends on them if they'll use it rightfully or not. Also bitcoin is not yet legalized to all of the country's so maybe that's one of the reason why it would still come a long way till bitcoin can end the world poverty.

Star_Bucks

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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:

Bitcoin cannot end world poverty certainly rather it can end poverty within an individual. Bitcoin is a global cryptocurrency and we cannot depend on the solution of poverty with it. Yes, bitcoin can make anyone rich but people have their free will if they would accept their fate or do something to change it. Not everyone in the world are willing to work for their escape with poverty. Some people already accepted their fate of being poor so maybe that's the reason why bitcoin can't solve world poverty yet.

Senja Kemuning

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Of course you can, bitcoin is made with an amount that can be enough for all people in the world, depending on the country's policy whether they will help and care or not.

PalindromemordnilaP

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It would be a good notion if this question is answerable by a big YES. Since Information Technology is for everyone, but not all countries have access to the world wide web or the cyberspace and that what makes this question answerable by NO but it is answerable by MAYBE in the future.

Ilegendph

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Quote from: avikz on June 28, 2017, 09:07:01 AM

Bitcoin is not a magic wand which will end world poverty. It simply doesn't have the power to end such a massive thing. Also bitcoin is not a payment system anymore. We have moved to a different goal long back, when the confirmation time increased and transaction fees hiked. These confirmation time and transaction fees is going to be increased again and again. So we will move from the initial goal further.

Bitcoin has now purely became an investment asset. IT can provide a huge return which any other conventional investment will never be able to offer ever. So I take bitcoin purely as an investment and a trading asset. I earn profit and keep it for the future.

I agree that it cannot end world poverty but at least it can improve every individual connected to bitcoin by making profits through it or more faster transaction using this type of currency.

lilit

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Bitcoin can not put an end to world poverty, because it's just a currency and to that its price is now too high to buy. He also created many places, but in the banking sector the number of seats decreased which did not affect unemployment.

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Quote from: sheldonnnn on August 11, 2017, 02:46:13 AM

I do not think so. Not everyone knows about bitcoin and not everyone has access to it as well as to the Internet in general. And at the social level, bitcoin can not solve the problem of poverty for everyone. Only for people who decide to invest in bitcoin and at the expense of this become richer.

Because of the needs like internet and capital, bitcoin is not for solving the world poverty because how can we solve the poverty if there are still a lot of people who doesn't even know how to read and write? How can we teach them things about bitcoin if they don't know the basic thing that is needed to learn.

serjent05

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With the current spread of Bitcoin wealth, I do not think that bitcoin can end world poverty. Only a few percentage holds bitcoin and majority of them are holding it for their own benefits. I have seen several charities but I do not think that it is enough to cater everyone in the world. There are also several startups that offer employment but it is too little to give job to those unemployed. Aside from that, there are requirements to be met in order to participate in bitcoin jobs and most of poor people does not meet them.

sheldonnnn

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I do not think so. Not everyone knows about bitcoin and not everyone has access to it as well as to the Internet in general. And at the social level, bitcoin can not solve the problem of poverty for everyone. Only for people who decide to invest in bitcoin and at the expense of this become richer.

Bondho Kompeni

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The problem of poverty due to education and state policy, we all know that many poor countries because they do not care about education, so they just work rough and have no capital and they do not know about investment.

vegito

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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:

Interesting read. I think Bitcoin can help lessen the world's poverty, in fact this is already happening, but it's happening at a very slow pace, the biggest change has to come from people themselves.

Cosbycoin

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Quote from: South Park on August 08, 2017, 02:59:06 PM

Quote from: Hipster999 on August 08, 2017, 04:56:53 AM

Bitcoin, like any other conventional currency or crypto currency, can not put an end to world poverty, because it needs to be earned. I've been earning bitcoin, and my neighbor still doubts and remains poor.

It is such a shame that people that could easily change their life with some additional income and that they could get through bitcoin do not do it because that have doubts in their hearts, a poor person does not have anything to lose by trying his luck in bitcoin but some are too afraid to try anything new.

If someone is afraid of trying anything new, there is no need to be harsh with them or speak badly about them. Poor people have very less capital and they can’t afford losing it in trying their luck. They need to be cautious while taking such steps. If bitcoins are explained in detail to them, they will surely invest in it.

South Park

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Quote from: Hipster999 on August 08, 2017, 04:56:53 AM

Bitcoin, like any other conventional currency or crypto currency, can not put an end to world poverty, because it needs to be earned. I've been earning bitcoin, and my neighbor still doubts and remains poor.

It is such a shame that people that could easily change their life with some additional income and that they could get through bitcoin do not do it because that have doubts in their hearts, a poor person does not have anything to lose by trying his luck in bitcoin but some are too afraid to try anything new.

gabmen

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Quote from: Hipster999 on August 08, 2017, 04:56:53 AM

Bitcoin, like any other conventional currency or crypto currency, can not put an end to world poverty, because it needs to be earned. I've been earning bitcoin, and my neighbor still doubts and remains poor.

Looking at it in general terms, ending poverty lies heavily in the hands of leaders and the government. Its always been up to them. Corruption mainly is the reason why poverty is rampant in a lot of countries. Bitcoin at the very least can give some people ways to earn and have something to spend but that's a far cry from ending poverty.

Hipster999

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Bitcoin, like any other conventional currency or crypto currency, can not put an end to world poverty, because it needs to be earned. I've been earning bitcoin, and my neighbor still doubts and remains poor.

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