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Topic: Can Bitcoin End World Poverty? - page 136. (Read 63023 times)

legendary
Activity: 1008
Merit: 1060
July 14, 2017, 09:20:13 AM
How is bitcoin different from other currencies? You just accumulate bitcoin just like how you accumulate other currencies. Sure there are better ways to get bitcoin but you can do these things in fiat money as well. You can get paid in fiat with programming, freelancing, and trading (maybe in a different market but you get the point).

By concluding that bitcoin can end world poverty because it's new money, then we can conclude that new money like Pepecoin and other unregulated currencies can end world poverty as well. Money is good with bitcoins but the same thing is true if you found a lucrative business that pays in fiat. Not much has changed in the way you accumulate money.
hero member
Activity: 2842
Merit: 625
July 14, 2017, 08:43:12 AM
Yes I agree, the existence of the bitcoin should be a solution of the problem of the world, poverty is a problem that must be addressed, the economic imbalances could be reduced if we use the bitcoin.

I have doubts that bitcoin can end one of the world's biggest and major problem, poverty.

There are some other problems that we need to focus, natural resources are starting to be obsolete and destroyed.

But only those people that have access on internet can end and pass the poverty line.
full member
Activity: 318
Merit: 100
July 14, 2017, 08:42:01 AM

You are right to say that Bitcoin will end poverty in the world but only a small part. Poor people do not have access to Bitcoin, they do not have internet, they do not have Bitcoin knowledge, so their participation in Bitcoin is too difficult to identify.
sr. member
Activity: 516
Merit: 250
July 14, 2017, 08:29:32 AM
I think it depends on the situation. Bitcoin can only end the poverty of those who knows bitcoin,but those who dont know anything about bitcoin, they are always in poverty in thier entire life like on some places were technology have no room.
I agree with your opinion, bitcoin is the easiest way to make money but it is only easy for people who know it and know how to make money from it. If the poor are not aware of the bitcoin, then no bitcoin could eradicate poverty.

Bitcoin can provide a job for jobless people who at least know about technology and computer but most of poor people are don't know to operate computer and the even rarely use internet, especially in my country though. Is bitcoin can end world poverty, my answer is yes, it's possible.
full member
Activity: 350
Merit: 100
July 14, 2017, 08:23:16 AM
I really think it will not entirely end poverty, because if a person does not have such knowledge in such feat I think it is very impossible for someone to just invest in bitcoin and hope it will take a leap up then boom your investment will automatically just make you a billionaire, It will really take a serious teachings to someone to really understand bitcoin, well a 12 year old become a billionaire because of bitcoin because he has skill and knowledge with it, but for a country to get up to poverty I think poverty will never end even in the richest and largest countries will always have poverty.
I agree with him, bitcoin is not like breathing that you can learn it by yourself. It requires skills and knowledge,  if you cannot read nor write you cannot access this. If you do not know about it and you also don't know how it works and to use technology thats impossible for you to access bitcoins. Poverty will never end if there is no equity in a country. Education for all will end it.
copper member
Activity: 840
Merit: 114
July 14, 2017, 03:25:34 AM
I do not understand how world poverty and cryptocurrency can be connected. Bitcoin is not a magic wand, and he does not cure anything. I doubt that he will be able to do something with it.
It is not possible, because world poverty caused by its own or their way of working and thinking too far but did not see the people who lack their own dinegaranya. It seems to me impossible bitcoin can end world poverty but bitcoin can help improve the financial world did not completely or only at some points just because poverty is a staple of problems occurred every countries. and it might not be lost.
member
Activity: 229
Merit: 10
July 13, 2017, 03:11:15 PM
Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.
Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.
If governments don't get on board people simply won't care anymore down the line. There's trillions in offshored money because people are unhappy with the way tax money is being used (wasted). If tax was more transparent and citizens had a word in what is happening with their money, they would not only be happy to pay tax, but those who are well off would even donate. If this doesn't happen however, people will simply pull most of their money out of the system.
This is one of the issues, people don’t feel their taxes are used in the way they want and for the purposes they care the most, this is why there are many that do their best to pay as little as possible when it comes to taxes this hurts the government but the truth is that governments of the world are simply too big.

I don't think that anything can really be too big. Governments can very well be rendered obsolete if they don't provide sufficient benefit to the public. At least on very long time scales. In reality I do believe that governments will get their shit together eventually. They don't make full/any use of the technological advances available that could connect them to the public in an efficient way right now, and probably won't for another decade.
In either case, I can play around any environment so I'm good. I just hope that the rest of the world will be able to live less stressful lives in the future.
hero member
Activity: 1680
Merit: 655
July 13, 2017, 03:00:33 PM
I don't think so. Poverty is some kind of personal thing, people have all their lifetime in order for them to get out of the rat race. Most governments provides free education and subsidized projects, what I see is that people who really want to be rich has always the chance to be one. I am not blaming the poor but they can do something like to work hard and save their earnings. Also if they discovered Bitcoin like a year earlier they could be earning by now online, also I don't think that it is possible to aid all poor people when it comes to earning online as some of them lack the capacity to operate a computer or any gadget.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
July 13, 2017, 01:57:12 PM
Since I already made many research about the capacity of the Bitcoin  and at last I found something like the one ,.that Bitcoin can help the country 's regardless of the conditions , but in reality I realise was much different because I seen that there are lots of sites but out of them the best option to make earnings is trading , but what is trading actually , this is nothing but a money rotation ( think about the money that we can make from the trading , is coming from where ) . Ofcourse this is money rotation but overall no one can understand about it but who have mind then he can make profit in this field . Otherwise newbie only will.koss Thier money .
full member
Activity: 308
Merit: 101
July 13, 2017, 01:43:23 PM
I think it depends on the situation. Bitcoin can only end the poverty of those who knows bitcoin,but those who dont know anything about bitcoin, they are always in poverty in thier entire life like on some places were technology have no room.
I agree with your opinion, bitcoin is the easiest way to make money but it is only easy for people who know it and know how to make money from it. If the poor are not aware of the bitcoin, then no bitcoin could eradicate poverty.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
July 13, 2017, 01:21:53 PM
Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.
Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.
If governments don't get on board people simply won't care anymore down the line. There's trillions in offshored money because people are unhappy with the way tax money is being used (wasted). If tax was more transparent and citizens had a word in what is happening with their money, they would not only be happy to pay tax, but those who are well off would even donate. If this doesn't happen however, people will simply pull most of their money out of the system.
This is one of the issues, people don’t feel their taxes are used in the way they want and for the purposes they care the most, this is why there are many that do their best to pay as little as possible when it comes to taxes this hurts the government but the truth is that governments of the world are simply too big.
hero member
Activity: 756
Merit: 500
July 13, 2017, 09:51:26 AM
If anything the inequality is getting higher every year the richer are getting richer and the poor are getting poorer, bitcoin is money, and the only purpose of money is to facilitate trade, the mission of bitcoin is not to end poverty, that is not going to be possible at all since that is the way our economic system is designed, there are winners and there are losers.
bitcoin has provided opportunities to millions of people not to just some wealthy dudes. It has made many poor people rich. Capitalism and open market system is an enemy to end poverty while bitcoin is a chance an opportunity to grab. You can rather buy and hold or you can work online and earn through advertising. So bitcoin is contributing a lot to provide an alternative to control poverty.

Exactly the opposite.
In communism and socialism we were all poor. Trust me as I lived for long years in a former communist country.
And now only 6% of the population is below the poverty line.

And bitcoin, bitcoin is the definition of capitalism.
Who has money to invest will make more money, who is dirt poor and has no money  he will still be dirt poor.
Correct, that is why many people want to emigrate to the US, that is one of the few places where the only thing you need is an idea and the will to make it a reality, in the US there are a lot of stories of people that were very poor and due to hard work and perseverance were able to become rich.

Haha, it does become one of the true thought to be real. For all the success comes from a dream and if we have the desire can be ensured already very hard'll could grab those dreams, but you need to know that America is not one of the last options in becoming a rich man. Because all the places can give us wealth if indeed we have the power or the right thoughts, so all the success that comes from the opportunities that exist. If you can take advantage of opportunities with good, certainly later will benefit and success
 
sr. member
Activity: 462
Merit: 250
July 13, 2017, 09:27:04 AM

I think Bitcoin only makes rich people richer and richer because the poor are not able to access Bitcoin's technology and trading methods so they can not get rich. On the other hand, They invest in BTC, which makes them richer or not
bitcoin is providing opportunities to  all the people either they are poor or rich, in fact they are providing opportunities to the people to earn bitcoin through providing different services or through trading and investment depending on your interest and on your experience.
legendary
Activity: 3038
Merit: 1169
July 13, 2017, 02:28:59 AM
Yes I agree, the existence of the bitcoin should be a solution of the problem of the world, poverty is a problem that must be addressed, the economic imbalances could be reduced if we use the bitcoin.

I think we can never be dependable in bitcoin when it comes to the poverty of the world I think it is not a solution, the real problem is ignorance or uneducated people, let's be honest here, even thought bitcoin is a possible solution to the problem of poverty if people is lack with knowledge or sometimes lazy to do something then how can he manage to overcome this kind of problem, so the real problem is us, so don't depend on bitcoin about this matter because people's nature of being lazy is always gonna come out.
sr. member
Activity: 630
Merit: 251
July 13, 2017, 01:29:19 AM
Yes I agree, the existence of the bitcoin should be a solution of the problem of the world, poverty is a problem that must be addressed, the economic imbalances could be reduced if we use the bitcoin.
hero member
Activity: 686
Merit: 500
July 12, 2017, 08:23:48 PM
Poverty is an universal problem.But still there are majority of people who don't know about bitcoins.Most of people don't know about digital transactions.Most parts of the world still don't have access to internet.So its hardly impossible for bitcoin to end world poverty.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
July 12, 2017, 07:45:46 PM
The main thing from a libertarian standpoint that bitcoin can do is bring banking to people who are in very rural areas.   I don't know what percentage of people own cell phones vs. owning bank accounts, but I'm sure it's a staggeringly higher number of people that have phones that don't have banks.

I've never tried to use bitcoin on a phone that wasn't technically a newer model phone, so I don't know how well or easy it works on older model phones which I would imagine would be necessary.

I don't think many people in third world countries are rolling around with iphone 7 or Samsung Galaxy.  Can bitcoin be easily used on older flip phones?
member
Activity: 229
Merit: 10
July 12, 2017, 03:32:36 PM
Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.
Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.
If governments don't get on board people simply won't care anymore down the line. There's trillions in offshored money because people are unhappy with the way tax money is being used (wasted). If tax was more transparent and citizens had a word in what is happening with their money, they would not only be happy to pay tax, but those who are well off would even donate. If this doesn't happen however, people will simply pull most of their money out of the system.
sr. member
Activity: 826
Merit: 263
July 12, 2017, 03:26:10 PM
Poverty is a serious problem that has not been resolved for thousands of years, even in developed countries even though there is still poverty. Government policy is the main factor that can make poverty drastically decrease.
Government policy can help, but it will never be enough, then that is why some propose communism as the answer but it is not, we must accept the fact there is always going to be a uneven distribution of wealth and we must do our best to get our share of that wealth.

Governments will never let you live without taxation and they will put all the burdens on the poor people head and never let you grow in the society at all. If you bitcoin do investment or earnings via bitcoins. You may increase economical standard of yours. Corporates will rule the world ever in future not government at all.
full member
Activity: 318
Merit: 100
July 12, 2017, 02:52:48 PM

I think Bitcoin only makes rich people richer and richer because the poor are not able to access Bitcoin's technology and trading methods so they can not get rich. On the other hand, They invest in BTC, which makes them richer or not
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