Can Bitcoin End World Poverty? - page 143.

TitanGEL

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Quote from: BitcoinGirl.Club on July 03, 2017, 05:56:01 PM

Quote from: TravelMug on July 03, 2017, 05:13:21 PM

Quote from: guoyu78 on July 03, 2017, 05:02:30 PM

Quote from: radjie on July 03, 2017, 09:21:56 AM

So far there are still many people who do not know the existence of bitcoin so from that I can say bitcoin is not completely able to end poverty because bitcoin until now can not be inaugurated by the government so that poor people who do not understand with bitcoin they can not feel the result of bitcoin income even way Using it and looking for it they do not know anything.

bitcoin is a currency through which one can easily finish his unemployment it is providing good jobs to the users and alloying people to get free job benefits through which they can earn and reduce the poverty of a country bitcoin may bring good change in the economic life of a country.

I seriously doubt it will end poverty. Not all people are really into bitcoin right now and its still far from global mass adoption. And the poor country doesn't even have proper infrastructure to begin with. I think what bitcoin can do is somewhat alleviate their mode of living. Specially I'm seeing a lot of members now are now using bitcoin as job, to earn money. But to end poverty it will not happen.

I think so too, poverty will not end as there are a lot of factors that people do not have control of need to be sorted out before poverty is wiped out.
The are some uncontrollable factors such as poor rainfall or bad weather that puts people at a disadvantage.
Other people are affected by wars which never end and people do not have time to learn about bitcoin as their priorities are all about survival

Yesh you're correct. The bitcoin can't end the poverty. You are also correct because you say that there are many factors in poverty that is hard to end and that is true.The government is the key to end the poverty.

wahb

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Quote from: ModGirl on July 03, 2017, 05:29:45 PM

Quote from: stompix on July 03, 2017, 09:36:12 AM

Quote from: Sadlife on July 02, 2017, 09:42:38 PM

It may be possible if bitcoin becomes legalized in that country who has a lot of poor people and the transaction fees may be an hindrance for them because if they want to buy coffee for only $2-5 they would have to $0.15 or 0.85 just to make the transaction faster and to buy coffee. They would have to convert their bitcoins first into their fiat currency to be able to buy goods and neccessities and would decrease of price in bitcoin depending on the volume of people converting it. The only work around this problem is first thst coutry needs to legalize bitcoin and second resolved the bitcoin scaling issue.

It will never be possible.
Bitcoin is money.
You have money you're not poor. You can get bitcoin either with money or by working for it so it won't change a thing.

So the government legalize bitcoin. And?
Will you suddenly pen your fridge and is full of food?
Will you get a free car and a 10BTC deposit?
No.

All thinking bitcoin will eradicate poverty should drop their socialism propaganda and find a better forum for it.
Bitcoin won't change a thing.Some people will get rich some will get bankrupt and that's all.

Maybe you are right mate but there’s one thing that bitcoin can end! UNEMPLOYMENT many families depend on one person in third world countries. If you employ one person, he/she will feed the whole family. It’s an alternative for poverty. A bright future awaits.

i think bitcoin cannot reduce unemployment, although it can give some job to people or can help people to earn livelihood, buy but cannot end their poverty as a permanent. i can see that most of the comments here are that bitcoin give the a good financial support and but me i think still they need to find a day job that that if they lose their job in bitcoin, they may have some day job to continue earn their livelihood.

BitcoinGirl.Club

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Quote from: TravelMug on July 03, 2017, 05:13:21 PM

Quote from: guoyu78 on July 03, 2017, 05:02:30 PM

Quote from: radjie on July 03, 2017, 09:21:56 AM

So far there are still many people who do not know the existence of bitcoin so from that I can say bitcoin is not completely able to end poverty because bitcoin until now can not be inaugurated by the government so that poor people who do not understand with bitcoin they can not feel the result of bitcoin income even way Using it and looking for it they do not know anything.

bitcoin is a currency through which one can easily finish his unemployment it is providing good jobs to the users and alloying people to get free job benefits through which they can earn and reduce the poverty of a country bitcoin may bring good change in the economic life of a country.

I seriously doubt it will end poverty. Not all people are really into bitcoin right now and its still far from global mass adoption. And the poor country doesn't even have proper infrastructure to begin with. I think what bitcoin can do is somewhat alleviate their mode of living. Specially I'm seeing a lot of members now are now using bitcoin as job, to earn money. But to end poverty it will not happen.

I think so too, poverty will not end as there are a lot of factors that people do not have control of need to be sorted out before poverty is wiped out.
The are some uncontrollable factors such as poor rainfall or bad weather that puts people at a disadvantage.
Other people are affected by wars which never end and people do not have time to learn about bitcoin as their priorities are all about survival

benedictonathan

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I think not, as with all other economic and financial experiments done for the last 10,000 years. Undecided

yrreg ger

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Quote from: ranih on June 28, 2017, 08:33:48 AM

I don't see how bitcoin is helping people in Africa getting food or avoiding wars.

You have a point, I think bitcoin can help other people in poverty but not all. Like what you said, war, crisis in europe and other disaster can't help to solve this problem.

We are know (bitcoin user) that bitcoin is one key to solve our needs by giving a time and studying more information but not all people go for this opportunity because more people in this world are poor and no kowledges to technologies only making a job for their foods.

Biggapp

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Quote from: ModGirl on July 03, 2017, 05:29:45 PM

Quote from: stompix on July 03, 2017, 09:36:12 AM

Quote from: Sadlife on July 02, 2017, 09:42:38 PM

It may be possible if bitcoin becomes legalized in that country who has a lot of poor people and the transaction fees may be an hindrance for them because if they want to buy coffee for only $2-5 they would have to $0.15 or 0.85 just to make the transaction faster and to buy coffee. They would have to convert their bitcoins first into their fiat currency to be able to buy goods and neccessities and would decrease of price in bitcoin depending on the volume of people converting it. The only work around this problem is first thst coutry needs to legalize bitcoin and second resolved the bitcoin scaling issue.

It will never be possible.
Bitcoin is money.
You have money you're not poor. You can get bitcoin either with money or by working for it so it won't change a thing.

So the government legalize bitcoin. And?
Will you suddenly pen your fridge and is full of food?
Will you get a free car and a 10BTC deposit?
No.

All thinking bitcoin will eradicate poverty should drop their socialism propaganda and find a better forum for it.
Bitcoin won't change a thing.Some people will get rich some will get bankrupt and that's all.

Maybe you are right mate but there’s one thing that bitcoin can end! UNEMPLOYMENT many families depend on one person in third world countries. If you employ one person, he/she will feed the whole family. It’s an alternative for poverty. A bright future awaits.

yes you are right that is the big problem in many countries or areas that many families depend on one person's earning due to which the family become very affected because that one person cannot manage all the things which cause poverty, so i think if the other members of the families start earning from bitcoin ( because everyone can do it easily) then upto certain extend Yes bitcoin can end poverty.

ModGirl

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Quote from: stompix on July 03, 2017, 09:36:12 AM

Quote from: Sadlife on July 02, 2017, 09:42:38 PM

It may be possible if bitcoin becomes legalized in that country who has a lot of poor people and the transaction fees may be an hindrance for them because if they want to buy coffee for only $2-5 they would have to $0.15 or 0.85 just to make the transaction faster and to buy coffee. They would have to convert their bitcoins first into their fiat currency to be able to buy goods and neccessities and would decrease of price in bitcoin depending on the volume of people converting it. The only work around this problem is first thst coutry needs to legalize bitcoin and second resolved the bitcoin scaling issue.

It will never be possible.
Bitcoin is money.
You have money you're not poor. You can get bitcoin either with money or by working for it so it won't change a thing.

So the government legalize bitcoin. And?
Will you suddenly pen your fridge and is full of food?
Will you get a free car and a 10BTC deposit?
No.

All thinking bitcoin will eradicate poverty should drop their socialism propaganda and find a better forum for it.
Bitcoin won't change a thing.Some people will get rich some will get bankrupt and that's all.

Maybe you are right mate but there’s one thing that bitcoin can end! UNEMPLOYMENT many families depend on one person in third world countries. If you employ one person, he/she will feed the whole family. It’s an alternative for poverty. A bright future awaits.

TravelMug

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Quote from: guoyu78 on July 03, 2017, 05:02:30 PM

Quote from: radjie on July 03, 2017, 09:21:56 AM

So far there are still many people who do not know the existence of bitcoin so from that I can say bitcoin is not completely able to end poverty because bitcoin until now can not be inaugurated by the government so that poor people who do not understand with bitcoin they can not feel the result of bitcoin income even way Using it and looking for it they do not know anything.

bitcoin is a currency through which one can easily finish his unemployment it is providing good jobs to the users and alloying people to get free job benefits through which they can earn and reduce the poverty of a country bitcoin may bring good change in the economic life of a country.

I seriously doubt it will end poverty. Not all people are really into bitcoin right now and its still far from global mass adoption. And the poor country doesn't even have proper infrastructure to begin with. I think what bitcoin can do is somewhat alleviate their mode of living. Specially I'm seeing a lot of members now are now using bitcoin as job, to earn money. But to end poverty it will not happen.

guoyu78

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Quote from: radjie on July 03, 2017, 09:21:56 AM

So far there are still many people who do not know the existence of bitcoin so from that I can say bitcoin is not completely able to end poverty because bitcoin until now can not be inaugurated by the government so that poor people who do not understand with bitcoin they can not feel the result of bitcoin income even way Using it and looking for it they do not know anything.

bitcoin is a currency through which one can easily finish his unemployment it is providing good jobs to the users and alloying people to get free job benefits through which they can earn and reduce the poverty of a country bitcoin may bring good change in the economic life of a country.

Superways

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Quote from: radjie on July 03, 2017, 09:21:56 AM

So far there are still many people who do not know the existence of bitcoin so from that I can say bitcoin is not completely able to end poverty because bitcoin until now can not be inaugurated by the government so that poor people who do not understand with bitcoin they can not feel the result of bitcoin income even way Using it and looking for it they do not know anything.

If people do not know about bitcoin then we cannot blame bitcoin for that as it is the responsibility of us that we promote the word bitcoin to all over the world and it is sure that if bitcoin will reach to everyone then it will remove the poverty from the world and people will live happily.

rickadone

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Quote from: kpcian on June 29, 2017, 07:54:10 AM

I don't think that...
Bitcoin can never eradicate the poverty from the world, it is prerequisite that internet and a computer is necessary on order to be connected with Bitcoin so that a poor person can't afford to log in this platform, if a poor doesn't able to use it then how Bitcoin is helpful for eradicating poverty in the world...

You have picked such a valid point this really is a great issue referred. To use bitcoin forum one will need all these what you have directed and if someone don’t have the money to eat the food how could he/she afford a computer, also majority of the poor people are uneducated and they if provided a computer system will not be able to use it.

These are some issues that were behind wall of my mind. To use bitcoin first you need to educate the people and provide them with the facilities to enable them use it.

NoNetwork

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Quote from: Sadlife on July 02, 2017, 09:42:38 PM

It may be possible if bitcoin becomes legalized in that country who has a lot of poor people and the transaction fees may be an hindrance for them

Well that is just the issue here, how can they even earn Bitcoin in the first place if that country is really that poor? Based on what you've mentioned, these poor people don't even have enough money to buy gadgets, or even worse don't have the knowledge to use one ('cause they're poor).

Quote

because if they want to buy coffee for only $2-5 they would have to $0.15 or 0.85 just to make the transaction faster and to buy coffee. They would have to convert their bitcoins first into their fiat currency to be able to buy goods and neccessities and would decrease of price in bitcoin depending on the volume of people converting it.

That is exactly we wanted to resolve here, what if instead of converting Bitcoin to any specific fiats depending on the country is to just accept Bitcoin as payment directly, thus no converting needed.

And also, the price of Bitcoin will not decrease due to converting it to fiat.

Quote

The only work around this problem is first thst coutry needs to legalize bitcoin and second resolved the bitcoin scaling issue.

Well, some of them have already legalized it. But how can we resolve the 'scaling issue' if we don't have the full control of Bitcoin (not that we can do such a thing, talk about decentralized cryptocurrencies).

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Quote from: Sadlife on July 02, 2017, 09:42:38 PM

It may be possible if bitcoin becomes legalized in that country who has a lot of poor people and the transaction fees may be an hindrance for them because if they want to buy coffee for only $2-5 they would have to $0.15 or 0.85 just to make the transaction faster and to buy coffee. They would have to convert their bitcoins first into their fiat currency to be able to buy goods and neccessities and would decrease of price in bitcoin depending on the volume of people converting it. The only work around this problem is first thst coutry needs to legalize bitcoin and second resolved the bitcoin scaling issue.

It will never be possible.
Bitcoin is money.
You have money you're not poor. You can get bitcoin either with money or by working for it so it won't change a thing.

So the government legalize bitcoin. And?
Will you suddenly pen your fridge and is full of food?
Will you get a free car and a 10BTC deposit?
No.

All thinking bitcoin will eradicate poverty should drop their socialism propaganda and find a better forum for it.
Bitcoin won't change a thing.Some people will get rich some will get bankrupt and that's all.

radjie

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So far there are still many people who do not know the existence of bitcoin so from that I can say bitcoin is not completely able to end poverty because bitcoin until now can not be inaugurated by the government so that poor people who do not understand with bitcoin they can not feel the result of bitcoin income even way Using it and looking for it they do not know anything.

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Quote from: BrewMaster on June 28, 2017, 09:05:55 AM

bitcoin is just money, and like any other moneyz it can not do magical things on its ow. people can use it as a tool to make more moneyz an make themselves richer by increasing their net worth but to expect bitcoin to end world's poverty is just absurd in my opinion!

You are true, it cannot end the world's poverty. But i think it can bring some good to the world. It cannot end the total poverty. But if it is considered as a legal currency, then it could be possible to end the poverty in a very small amount. Full poverty cannot be removed. But, as bitcoin is growing its popularity day by day, then i think it will be able to do a tremendous change in world's economy as well as social development in future.

Hope for the best.

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Quote from: avikz on June 28, 2017, 08:07:01 AM

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.

There is such good aspect of bitcoin that we can relate on a unusual thing that fiat cannot do. Its transaction brought by the development of technology can make everyday transaction fast and reliable with ease. But poverty is just to brood for bitcoin to evade or to end it might need more help and support on the government not just on bitcoin itself, bitcoin could be an instrument on making ones nation economy to developed but not totally to stop poverty itself. It can also bring hope and new thing for the poor to try on and be a productive person by learning its system.

amaral1977

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I believe the guy in the interview used bitcoin meaning "blockchain technology". It will only have that ability to reduce or end poverty if it was really decentralized. BTC is not "that" decentralized anymore. But blockchain tecchnology is so maybe bitcoin 2.0 achieves it.

DrGuns4Hands

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no it cannot stop poverty you know why ? we user of bitcoin hardly to earned bitcoin and we all know that bitcoin isn't free you need a hardwork and dedication in order to have bitcoins or simply you can buy it so it can't end the world poverty. We all know that and not all rich people can donate their money because we are all just greedy.

Harlot

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I don't think so bro, lets look at an economical perspective. Let us assume that all of us living in the earth is trying to find a source or way to earn Bitcoin one for free don't you think our share will become less and less to accommodate their participation? That is right, its like nothing happened in the first place. Just like when the minimum wage increase we really don't have an increase in buying power because businesses will adjust accordingly that is how the cycle goes no one wins when a big player comes.

itsallpc

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Bitcoin cannot end world poverty.First reason is that its supply is only limited to 21 million and so its highly impossible for every one to have bitcoin.Also,already some big whales possess more volume of bitcoins with them.Secondly,bitcoin is created only for making people free from banks.It was not created as an investment.It was people who started to hold it as an investment.

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