Topic: Can Bitcoin End World Poverty? - page 138. (Read 63043 times)
I don't think bitcoin can help end world poverty as poverty is not currencies but a set of values and a product of laziness and slothfulness. I think we can all be rich, prosperous and wealthy if we can work hard intelligently. Bitcoin on the other hand is a reward for hard work it may be through services like signature campaign, programme and others online services or selling of goods and investment.
Possibility will be, but not as good, it was depend on the community that bitcoin has, if they help others i think it can be good and less the poverty but unless if they not, it can't. Bitcoin is a money like fiat but in different term, many workers but still community doesn't figure how this poverty will be solved, for my opinion poverty came because of population, if population rise also the demand which will be cost high . Without poverty there is also no rich. Povert keeps people work and work for there needs, bitcoin is like work which give you profit so you will not be a poor or have poverty life. So my answer, bitcoin can cured this poverty.
Definitely no, Bitcoin can end the poverty of a person who knows bitcoin, but to those who don`t know about bitcoin on how to earn bitcoin the poverty is always there.
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.
People are thinking about that and we have to think it normally because people already give a special value about bitcoin so in their minds it is possible that bitcoin ends world poverty. But the thing is bitcoin can't do that. It is difficult and hard that bitcoin can truly ends the world poverty, it takes long process to be done before that thing happens. Maybe if all nations accept already bitcoin as their money then that was possible be done soon. 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 get it. Why do people post stuff like this. Bitcoin is not some magic method to rid the world of poverty. It is just a cryptocurrency. It is like every other currency other than the fact that it is decentralized. I don't see how this can aid poverty. The only way to get rid of poverty is by doing more philanthropic works like charity and providing aid to countries and people in need. Bitcoin cannot do this any better that fiat and the developed governments in this world. If fact, governments like the US, Australia and other developed countries have a better chance of reducing poverty than Bitcoin.
Because people have unrealistic expectations out of bitcoin, or because they do not really understand bitcoin at all, bitcoin can help us make money, but it cannot help everyone, especially those that do not even have access to the technology to use bitcoin on the first place.
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.
For me i think so..
http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/
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http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/
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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.
Well, i really don't think that using bitcoins will end the poverty because that's kinda massive. To end the poverty of a person using bitcoins, they need to have skills and knowledge about bitcoins first and starting it from now will be a good advice. And if you are saying that the country needs to get up to poverty? well that is very hard to achieve because even the the rich people become poor because of so many reasons.
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. It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.
It will not provide anything and I believe that bitcoin or even other coins can never solve this issue. Poverty is not only a big issue but it is also a main thing which connects to humankind. If there is not poverty, there will be no humanthe only thing it can do, in rare and individual cases, to make you earn an extra income. For example, if I'm taught about mining, I might be able to make some
extra money, but that's a whole different thing which has nothing to do with poverty.
It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.
It will not provide anything and I believe that bitcoin or even other coins can never solve this issue. Poverty is not only a big issue but it is also a main thing which connects to humankind. If there is not poverty, there will be no humanthe only thing it can do, in rare and individual cases, to make you earn an extra income. For example, if I'm taught about mining, I might be able to make some
extra money, but that's a whole different thing which has nothing to do with poverty.
It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.
It will not provide anything and I believe that bitcoin or even other coins can never solve this issue. Poverty is not only a big issue but it is also a main thing which connects to humankind. If there is not poverty, there will be no human Although bitcoin is a potential coin,it could not end world poverty since its supply is limited to only 21 million coins.It has transformed the lives of many people but still it is highly impossible to eradicate poverty from the world.But it could atleast change the life of some poor people.
It is true, bitcoin will never be able to end world poverty, because besides the number of bitcoinbyang is limited in addition, many people who do not understand about the use of bitcoin. Maybe only some of us who understand the tramp of crypto that can maximize this
I agree with you to some extent. I agree that bitcoin has great potential to change the world completely. It will soon eradicate poverty from the face of earth. It’s not gambling. It has proper analysis system and those who have good knowledge of mathematics earn good from bitcoins.
It will eradicate s****t. Oh sorry. I mean s****t!
How the hell will bitcoin eradicate poverty?
With close to 1 billion people not having enough money to buy a single mBTC you think that by magic if everyone buys BTC everyone will be rich.Really?
Call me in 2100 and tell me if bitcoin has eradicated poverty. And maybe while it is stii at it it can also deal with climate change, HIV and maybe cancer.
It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.
By making perfect sense, Bitcoin has nothing to do with world poverty. It is indeed a large scale to deal with. Its the government's past and current issue, we may never resolve such problem because for one, there's no such thing as equality meaning there will always be a hierarchy system that divides people by their 'economic stability'. And two, considering bitcoin will be a big hit in the future, it will be just like a fiat (not exactly and directly saying that it will have a paper or coin money), that will only supply the needs of those who're in need.Besides Bitcoin has its own problems.
It wont help to resolve world's poverty but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.
I don't get it. Why do people post stuff like this. Bitcoin is not some magic method to rid the world of poverty. It is just a cryptocurrency. It is like every other currency other than the fact that it is decentralized. I don't see how this can aid poverty. The only way to get rid of poverty is by doing more philanthropic works like charity and providing aid to countries and people in need. Bitcoin cannot do this any better that fiat and the developed governments in this world. If fact, governments like the US, Australia and other developed countries have a better chance of reducing poverty than Bitcoin.
Because people have unrealistic expectations out of bitcoin, or because they do not really understand bitcoin at all, bitcoin can help us make money, but it cannot help everyone, especially those that do not even have access to the technology to use bitcoin on the first place.
I don't get it. Why do people post stuff like this. Bitcoin is not some magic method to rid the world of poverty. It is just a cryptocurrency. It is like every other currency other than the fact that it is decentralized. I don't see how this can aid poverty. The only way to get rid of poverty is by doing more philanthropic works like charity and providing aid to countries and people in need. Bitcoin cannot do this any better that fiat and the developed governments in this world. If fact, governments like the US, Australia and other developed countries have a better chance of reducing poverty than Bitcoin.
Bitcoin can only help those people who have the Internet and the desire to earn with a crypto currency. Bitcoin is just the same electronic currency as everyone else and it needs to be earned.
Yeah because to use bitcoin you have to access internet it's the first condition dude And you know not everyone can connect on the internet and that means poverty in the world can not be solved all by bitcoin / Even the government is in trouble to solve this. This is impossible work for bitcoin #IMO
Bitcoin can only help those people who have the Internet and the desire to earn with a crypto currency. Bitcoin is just the same electronic currency as everyone else and it needs to be earned.
Yeah because to use bitcoin you have to access internet it's the first condition dude And you know not everyone can connect on the internet and that means poverty in the world can not be solved all by bitcoin / Even the government is in trouble to solve this. This is impossible work for bitcoin #IMO 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.
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.
This is a good confirmation hearing this from an experienced person in this trade. I feel the same way and, as a newbie in the field, it confirms I'm on the right track.
And no, Bitcoin will not end poverty. It's not the currency, it's those who implement the distribution.
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