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Topic: Can Bitcoin End World Poverty? - page 141. (Read 63043 times)

sr. member
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Freshdice.com
July 08, 2017, 03:55:46 AM
No it cant end world poverty since we do all know even world fiat currencies cant still solve this global problem as long there are greedy people on the top, this would really never end and its already a normal thing in the society that there are lots of poor people. Bitcoin is just like money and you cant earn it if you dont have proper apparatus on accessing it like internet. We do know poor people dont have internet on their own houses and dont much money to stay online in front of a pc.
Bitcoin isn't just a digital currency. It's significant for businessmen that used to deal with other countries. This currency makes partership easier since the cost for making transaction with bitcoin is low thus they are able to transact with satisfaction. More business would result to higher economy and lesser poverty.
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July 08, 2017, 03:02:32 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.

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.
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July 07, 2017, 10:58:08 PM
No it cant end world poverty since we do all know even world fiat currencies cant still solve this global problem as long there are greedy people on the top, this would really never end and its already a normal thing in the society that there are lots of poor people. Bitcoin is just like money and you cant earn it if you dont have proper apparatus on accessing it like internet. We do know poor people dont have internet on their own houses and dont much money to stay online in front of a pc.
sr. member
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July 07, 2017, 10:52:12 PM
For me no... because bitcoin is simply just a currency unlike other real currency like dollars... have you seen dollars end world poverty.. No... But bitcoin does offer good ROI if you buy it and sell high

I agree with you that it cannot end poverty in the world because it wasn't primarily intended for that but on a second thought if we could all get paid to work online no matter how remote we find ourselves with the help of the internet and the blockchain technology then it makes some sense that most poor people that are capable of using computers can work online no matter their location and get paid with Bitcoin and in the long run could be eradicating poverty.
newbie
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July 07, 2017, 09:17:40 PM
For me no... because bitcoin is simply just a currency unlike other real currency like dollars... have you seen dollars end world poverty.. No... But bitcoin does offer good ROI if you buy it and sell high
hero member
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July 07, 2017, 07:24:52 PM
Forbes aticles sometimes are so positive, i really don't think a problem like that can be solved with bitcoin, we are so far from ending with world poverty.
I think it would be difficult to do let alone not everyone can use or even do not know bitcoin. But at least it can reduce poverty in the world. Can you see a lot of people that their lives get better because work and get profit in bitcoin?

I am also one of the people who have felt the power of bitcoin ,,
Very very felt that bitcoin income that I have able to meet all the daily needs .., even more than that I was able to pay off the debt and can get the goods I want with quite easily ..

It's power is not enough to make the World's poverty gone, we all know that it is not powerful enough today because there are only still a small amount of people using bitcoin compare to the population of the whole world.
You are just saying things like that because bitcoin is easy to earn from these signature campaign and with the help of these forum. There are also altcoins that can be converted to bitcoin. I earned bitcoin from a lot of signature campaigns too, but I will be keeping that coins until I saved enough for my family.
legendary
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July 07, 2017, 07:13:35 PM
Forbes aticles sometimes are so positive, i really don't think a problem like that can be solved with bitcoin, we are so far from ending with world poverty.
Turning the world's population into a better person or a rich is certainly impossible to do even the efforts of the government of every country even to this day has not yet produced results let alone just bitcoin bitcoin can change a person's life for the better if they are willing to work hard and earn income
Bitcoin will not end the poverty but the individual who are hardworking and have perseverance to earn money will end that in his life because for me we need a poor, middle and high class in the society for the society function will be balance and with that poverty is not a problem but a normal state for everyday life.
sr. member
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July 07, 2017, 06:53:26 PM
Forbes aticles sometimes are so positive, i really don't think a problem like that can be solved with bitcoin, we are so far from ending with world poverty.
Turning the world's population into a better person or a rich is certainly impossible to do even the efforts of the government of every country even to this day has not yet produced results let alone just bitcoin bitcoin can change a person's life for the better if they are willing to work hard and earn income
hero member
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July 07, 2017, 06:49:54 PM
Forbes aticles sometimes are so positive, i really don't think a problem like that can be solved with bitcoin, we are so far from ending with world poverty.
I think it would be difficult to do let alone not everyone can use or even do not know bitcoin. But at least it can reduce poverty in the world. Can you see a lot of people that their lives get better because work and get profit in bitcoin?



I am also one of the people who have felt the power of bitcoin ,,
Very very felt that bitcoin income that I have able to meet all the daily needs .., even more than that I was able to pay off the debt and can get the goods I want with quite easily ..
sr. member
Activity: 1190
Merit: 253
July 07, 2017, 06:46:43 PM
Forbes aticles sometimes are so positive, i really don't think a problem like that can be solved with bitcoin, we are so far from ending with world poverty.

The world does not rely in an article.  and remember it is  a piece of work where the author wanted to attract interest from the audience so there are some exaggeration and fairytale in those articles to be able to satisfy their readers.  I do not think Bitcoin can end the world poverty because it is hard to access by the poorest of the poor since we need gadget and internet access to be able to join its community and transact with it.  And these people does not have any money to buy this things so how can they have access to bitcoins?
hero member
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July 07, 2017, 06:35:08 PM
Forbes aticles sometimes are so positive, i really don't think a problem like that can be solved with bitcoin, we are so far from ending with world poverty.
I think it would be difficult to do let alone not everyone can use or even do not know bitcoin. But at least it can reduce poverty in the world. Can you see a lot of people that their lives get better because work and get profit in bitcoin?
MMA
legendary
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July 07, 2017, 06:00:49 PM
Bitcoin can help surely to fight poverty, but i don't think it can end it. Bitcoin and crypto currencies are digital and you need at least a computer (or phone) and internet connection to earn and deal with such currencies, and this things aren't available worldwide for poor people as known.
in matter bitcoin can only help. for example if a person do not have any job mean he is jobless and now he has start bitcoin trading or earning bitcoin through any other skill then bitcoin has changed his life and has removed his poverty but not for everyone who even do not know about bitcoin. bitcoin is in fact providing opportunity to earn money from differenct sources it is even giving oppourtunity to those people who do not have even any experienc or knolede.
newbie
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July 07, 2017, 04:40:02 PM
Forbes aticles sometimes are so positive, i really don't think a problem like that can be solved with bitcoin, we are so far from ending with world poverty.
hero member
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July 07, 2017, 03:21:22 PM
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.
hero member
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July 07, 2017, 09:34:59 AM
Bitcoin can help surely to fight poverty, but i don't think it can end it. Bitcoin and crypto currencies are digital and you need at least a computer (or phone) and internet connection to earn and deal with such currencies, and this things aren't available worldwide for poor people as known.
full member
Activity: 252
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July 07, 2017, 08:44:24 AM
I doubt that it will. Bitcoin helps in such a way that it is another option for source of income or investment. Again, it is just an option. An alternative. A lot of options were already present. May it be in digital income or not. The real deal is that world poverty can only be ended when people will change.

First of all with the people in the poverty line, they must change the way of their living by not entrusting everything in the government. One should really work hard to earn cash. A lot of work are already available one should just do his or her part on working hard. Second, the government themselves should also change. Corruption is present in all political divisions. If only it could be lessen, or even eliminated if possible, the money that is allocated for the people in poverty line could be utilized well in providing them job opportunities or educational loans.
sr. member
Activity: 434
Merit: 255
July 07, 2017, 08:22:40 AM
Countries with commodity-dependent economies are usually poor. This is not only because those in power are thieves, but because the raw material is too low value. For example you can pounds mine diamonds, but one beautifully crafted and advertised a diamond will cost more.
sr. member
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July 07, 2017, 07:15:26 AM
Bitcoin, introduced in a standard manner, as it is now, is going to follow the 80/20 rule, 80% of the money will be held by 20% of the people.  Currency is not the poverty issue, it is a deeper societal issue that cannot be solved with FIAT, or Bitcoin or any currency.

That is quite correct, they always consider Fiat as the main reason of poverty.  But that is not true, if the country can provide all the necessities of its people then they will no longer be considered  as poor.

Because fiat is somehow in another matter, well it will be a main factor of 'development' yes, but considering fiat as a factor of poverty doesn't make any sense right?
Precisely. Basically same rich country natural resource but poor country, the very small group of elite rich people own 99% of the wealth
hero member
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July 07, 2017, 07:07:05 AM
No. Bitcoin can help to get additional income only for those who have the Internet, but it can not improve the financial situation of all people as well as other currencies.

That is right, bitcoin will never be a way to end poverty, but yes, it will be a way for other people to earn extra income from converting their bitcoin into fiat. There are posts where people are saying that bitcoin will help the economy of one country, which I think is true. Bitcoin is a good source of extra income for the students and people who is currently unemployed.
sr. member
Activity: 392
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July 07, 2017, 06:52:35 AM
Bitcoin, introduced in a standard manner, as it is now, is going to follow the 80/20 rule, 80% of the money will be held by 20% of the people.  Currency is not the poverty issue, it is a deeper societal issue that cannot be solved with FIAT, or Bitcoin or any currency.

That is quite correct, they always consider Fiat as the main reason of poverty.  But that is not true, if the country can provide all the necessities of its people then they will no longer be considered  as poor.

Because fiat is somehow in another matter, well it will be a main factor of 'development' yes, but considering fiat as a factor of poverty doesn't make any sense right?
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