Topic: Can Bitcoin End World Poverty? - page 132. (Read 63043 times)

Imagine if bitcoin is used by all the poor people in the world and surely all of them will benefit from business and jobs in bitcoin and it will improve their financially and it will release them from poverty? But of course it is impossible for all poor people to use bitcoin

I've seen previous comments about this. I see it damn hard, you can only do campaigns, but ending with the entire poverty never.
I wish it could be a solution, but it's not.

Yeah bitcoin can only as a helper, can not help completely to eliminate poverty in the world. Of course it would be impossible to do by bitcoin, who can do that is the government Because government that have full power over a country

Although many of them will fail, it still is so. The pump and dump schemes, as terrible as they are, wouldn't add much to this snowball.

Even assuming that the alts and tokens stops multiplying, and even the "mining" of current ones ended, with just the increase of the value of the existing pool, it would still be the equivalent of more money coming in for what concerns the whole ecosystem. One of the popular coins gaining a market cap of 10 trillions is the equivalent of printing that much cash and putting it into circulation. This is all due to the liquid potential, something that gold/silver don't have. For the time being just potential, but it could pose major problems when it does get unleashed. They aren't coming into a world with no currency, but attaching to one that had plenty of it, albeit with improvements.

That globally, as individuals we got to survive somehow. It is what it is.


Humans often aren't nice to each other when there's no common threat, we turn on each other and are perfectly willing to take a bigger slice at the suffering of others.

Haha, I am sure that bitcoin can never end the poverty. The poverty exists from the beginning of the humankind and if you want to end poverty, join the Communist and it does not exist at all. Communism is a big liar

I might be wrong but the most people at this forum are getting an extra income from companies that are advertising their services, soo the only thing being made is distribution of money, because when you buy someone is selling as the reverse, and with mining well you will need to pay the bills, soo the ecosystem does generate and distributes money to all. Sure for some people they are able to survive and get a better life with signatures earnings as well trading, but in the end bitcoin inst creating more money, but its putting it into circulation.

They don't have the means to trade for it and are missing much of the infrastructure to make it work.

Money's worth isn't just about people recognizing it as such, there's the very real resources, manufacturing and services provided that are limited. Money ultimately facilitates the trade of these elements, the distribution of them.

Printing more money in itself is not necessarily bad, but too much can definitely be. Now, the problem with cryptos is that who's gonna stop people from replicating them. Not as limited as you thought now, eh? Also, one should mind that if it were just one of them it could still add to the inflation due to it not existing in a vacuum, they are attached to an existing system. Essentially also printing money as they gain value.

It's not really much of a problem if, say, diamonds cost a billion times more or whatever, because they don't have the liquid potential that crypto-currencies do. If the flood gates are opened they could bring some crazy hyperinflation that could be disastrous. See, cryptos, if mainstream, compete with currencies that stood alone within their national territories, you have effectively increased the amount of money, and probably slowed down productivity due to all the speculation. That means as a whole there would be more money to be traded against the same or less stuff than there was before.

One should remember that bitcoins and the other top alts, same as much of the wealth of the planet, is in very few people's hands. Great minds behind it, but I wonder if this was the right way to implement it and distribute it.

Without governments and laws, everyone would be fending for themselves, and unless you are a big fish in the vast ocean it might not be as great as you think. Even the concept of private property, never mind money being worth anything relies on the pacification brought by laws and enforcement. Or it would be the few elites and their private armies running the show and most everyone else as serfs. And sure, there's quite a bit of difference between one country's leadership and another.

It's pretty bad for most on this planet now, but it could certainly get much worse. To help people help themselves education is the way to go. Got to be capable of producing things, for there to be things to trade. The real wealth is, again, in the goods and services that someone needs to provide.

Let's hope I'm wrong, cause I'm a bit scared for the future of us all.

It is not the government (they can help) but the only person that can solve poverty is themseves.  I believe Bitcoin can help in giving jobless a job and earn their living, but it is the person that have to act and solve their  own poverty.  Government cannot solve it no matter how hard it try to if the person is not helping himself to get out of poverty.

Bitcoin is not able to overcome poverty in the country because i think bitcoin can only help the financial needs of some individuals and bitcoin has nothing to do with poverty but to reduce poverty i think it could. IMO

I'm not sure about that. Well, that can solve the poverty of a country is only the government of the country. Although they use bitcoin with that purpose, I think it's still so difficult, because if it is not accompanied by a mature strategy, I think bitcoin is not able to solve the problem.

If bitcoin becomes a currency widely used by the people of one country then that country will enjoy prosperity because bitcoin will solve one of the biggest problems, bitcoin will not allow governments to print as much currency as they want, so they will have to be fiscally responsible.

Nope, I think you're too much to say that bitcoin will eliminate poverty in the world. To eliminate poverty in the world is impossible for bitcoin and even for the government though. This will be an eternal task for the government to be able to eliminate poverty in the world

As you talk about donating I have an idea what if we donate 0.00200BTC to every poor to start business in bitcoin because it can be helpful instead doing them a 100$ or 50$ and neither teach them a knowledge so it is better to give them a few bitcoin and teach them what is bitcoin trust me it would end poverty in this world due to its endless potential. Honestly your post is interesting it has given me a great idea.

We are going to see how bitcoin is going to change this world into better dimensions in coming years. That must be including poverty free world too.

Bitcoin and blockchain encryption has a greater ability to end the world poverty. And, Bitcoin is the currency is the future. Already a lot of countries accept Bitcoin.

Setting aside all the fiats, 'poverty' is somewhat much deeper than that. I mean when you look at it, the only thing that we can see how we can resolve world poverty is through donation of money; giving poor people that amount of money just to survive. But for how long? That's exactly the main problem here, in that major problem we only create more sub problems. If we continue on donating money to the poor, we are not helping them at all, in fact we are making poverty even more worse. By doing this, these people will only start to become dependent on us and stop thinking about how will they get a better life, because being a poor their only goal is survival not 'to live'.

I don't think so? It wont end 'world' poverty. But at least, it can help some people to make their economy better. Like me, for example.
It's really hard to make a world without poverty. There're still part of this world that's short of knowledge, still not getting enough attention, still having never ending wars.
There're many part of the countries who don't even know something like internet. How could we expect them to use bitcoin to end their poverty?

More importantly they need to have cash for them to invest in Bitcoin, because I do believe that signature campaigns are not enough for a poor family to live daily. There are many things to consider like what you have said even though internet connection is prevalent in our present date a lot of underprivileged people don't have the access to the internet hindering them the possibilities of investing in Bitcoin or even discovering it by chance. I am sorry but I don't think that Bitcoin is the solution for world poverty.

Actually that is one problem for the society now.
Social medias are being used for entertainment which is getting to a higher level.
Even kids is like 24/7 with just browsing facebook and they wont even care what is happening in their environment.
If this is all they do they wont care about making money out of the internet.
They didn't even know that they could do something else rather than watching youtube videos and keep on refreshing the facebook page.
Done this before but got too tired of it. So I tried to find another way into making use of the internet.
Poverty will always be there. For the lazy ones.

On average I think the jobs that bitcoin will create are going to be higher than the number of jobs lost, but the problem is that the new jobs are going to be very specialized or will require new skills and not everyone is going to be able to adjust to these new changes and are going to suffer because of it.

In my opinion, if have internet connection, people can make money with Bitcoin. But they need have knowledge and a ways to do that and this very difficult with poor people because they have no conditions to contact and learning it. If not have it, they just use internet for relax as watch movie, play games or use social with friends ...