Topic: Can Bitcoin End World Poverty? - page 127. (Read 63023 times)
Interesting to see if someone replies “Yes it will”. Of course it won’t. Nothing can ultimately deal with world poverty. But I believe that Bitcoin can significantly improve all the ways of striving against it. For now Bitcoin is the best donation instrument I know. The fees are extremely low, making it possible to do micro-donations. You can donate $0,3 or even less. No one would do this with banks, because the fee can exceed the donation amount. In this way, Bitcoin is a good motivator to donate a small amount of your money in one click.
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 with you that Bitcoin may solve some pressing needs of poor or simply helps to provides some but not all theo of the poor people at some times but I don't think it can eradicate poverty completely even tough it's meant for a good course. Poverty has been there since the beginning and impoverished people live amongst us since growing up and nothing has been able to change their situation so I'm looking forward to Bitcoin believing that they can seek solutions to resolve that but it cannot completely wipe it 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 don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
I agree with you to the effect that some are merely just lazy to find a job thus, they are unemployed. Some are kind of choosy in terms of the job that they will be having because some were shy or feeling of incompetent that is why they are not applying. They are just waiting for the alms or blessings that will be given by their family member or worst, their parents. Bitcoin can at least help these people to have a good income. Online jobs are also preferred by many because it is more comfortable.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
And if all those people are deprived of the access to these basic services , they won't be able to use internet if there's electricity in the 1st place , so bitcoin won't change their lives if they can't even have the required technology to deal with this "phenomenon" ..
I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
I agree with you to the effect that some are merely just lazy to find a job thus, they are unemployed. Some are kind of choosy in terms of the job that they will be having because some were shy or feeling of incompetent that is why they are not applying. They are just waiting for the alms or blessings that will be given by their family member or worst, their parents. Bitcoin can at least help these people to have a good income. Online jobs are also preferred by many because it is more comfortable.
I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
Of course, with bitcoin distribution of money easier and transparent so that the presence of bitcoin can be a solution of poverty.
I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
Like I said, it is being experience everywhere. When it comes to laziness it's not of bitcoin's business anymore. Just like what I believe in life, opportunities are everywhere, you just need to come and seek them and they will knock to you. Being lazy is one of the reasons too why the poor became poorer they don't have facilities too.
I don't see how bitcoin is helping people in Africa getting food or avoiding wars.
True, aside from that we cannot eradicate poverty for a couple of years, it may take decades , and who will finace? No one will volunteer without a cause. I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
Like I said, it is being experience everywhere. When it comes to laziness it's not of bitcoin's business anymore. Just like what I believe in life, opportunities are everywhere, you just need to come and seek them and they will knock to you. Being lazy is one of the reasons too why the poor became poorer they don't have facilities too.
Maybe yes, if the people of the nation will learn about bitcoin and will invest wisely and give much time, efforts and skills as well, bitcoin will serve as an answer to end poverty.
A lot of people here testifies that bitcoin already supply their financial needs. Therefore, it really helps to lessen everyone's financial problems.
A lot of people here testifies that bitcoin already supply their financial needs. Therefore, it really helps to lessen everyone's financial problems.
Ok, as we analyze the situation. The world poverty is somehow much worse than the past years. I mean as you can see even the highest rated fiat (dollars) can't do the trick of saving them from poverty, even though $ has been used for centuries now then what more for Bitcoin who're just a few years old. It doesn't even have the convenience when using it. And few countries are the only ones who accepted it.
yes i strongly agree on you.it is not the bitcoin who can end worlds poverty.it is the people who was on that world or a country who can make that poverty ends.if the people arround didnt have any interest to make an action then correct me if i am wrong that this poverty didnt end .we need to be united as one in order to make our worlds rise.the bitcoin is only a coin and no one can be rich to it if nobody will be interested to work for it.the reality is worst.
Ok, as we analyze the situation. The world poverty is somehow much worse than the past years. I mean as you can see even the highest rated fiat (dollars) can't do the trick of saving them from poverty, even though $ has been used for centuries now then what more for Bitcoin who're just a few years old. It doesn't even have the convenience when using it. And few countries are the only ones who accepted it.
I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
Yes, the end of poverty is education and the economic system that supports the people. The government is very important because it regulates that all regulations are from the government.
I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
Minimal help reduce unemployment, many poor people who apparently have internet access even from the smartphone. Many paths if they really intend to wrestle with bitcoin. It all started with what they had at the time. They fall into the poor category because income is just enough for everyday needs and without thinking of long-term wealth.
They are the only ones that will be helped out and reach by bitcoin's help. I hate to say it but I feel sorry for those places that doesn't have access in internet and electricity, they aren't educated also on how to operate a computer. This is the reality about the world's problem about poverty.
I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
Minimal help reduce unemployment, many poor people who apparently have internet access even from the smartphone. Many paths if they really intend to wrestle with bitcoin. It all started with what they had at the time. They fall into the poor category because income is just enough for everyday needs and without thinking of long-term wealth.
I don't think that Bitcoin is helpful for eradicating poverty. this is just a currency which can be helpful to make money but not for every people. it is a site which needs to be involvement via the internet. so how a poor person can afford it. I think those people are rich and affluent only they can be benefited by this platform.
It can help to reduce people that are in the poverty line/level. But generalizing "world" poverty, I can't possibly see it's going to happen. Problem is too broad when we talk about "world" poverty, there's a lot of places in this world that is experiencing poverty and even electricity, they don't have and we know internet is a much for bitcoin.
Bitcoin does have a high value but bitcoin can not to end world poverty. World poverty could end if the government provides sufficient employment for its citizens and the company can pay for it with bitcoin if bitcoin is the best solution to end world poverty.
I think, bitcoin should be distributed evenly so that it can reduce and even eliminate poverty. The government played a major role in this.
Of course not, that is communism, communism has showed time and time again that it does not work, that it kills more people in times of peace than any capitalist country could in times of war, there are always going to be differences in income that is something we need to accept.But it was pretty funny in communism.
Nobody was poor. We all had money.
We didn't have food to buy, no heat in winter, no hot water electricity shortages but by the book we were all employed with self sufficient wages.
Now the new trend is socialism but it works just as good as communism. Venezuela for example.
I think those were really a broad discussion for this matter mate, but you're really awesome in explaining those ideas about ending world's poverty. Then nothing would happen if a person dosn't want to adopt the learnings on how he/she would learn everthing for bitcoin. It's so hard to motivate people if their minds were so closed and never open new doors for better opportunity in the future and here with bitcoin it's already revealed actually, and it's really promising as it will really help supress poverty but not totally removing poverty.
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