Topic: Can Bitcoin End World Poverty? - page 146. (Read 63023 times)

I never see that to happened because as what you have said, everyone have different way of thinking about one thing. I think bitcoin cannot end the world's problem which is poverty. If we want to end poverty let us start to fixed ourselves because if we didnt noticed every problem in the world was started by any individual. If we know how to act well then it will not be easy this problem even it is big or small. Most of the time poor only depend on what other will give to them and they didnt even exert an effort to escape in that kind of life.

Actually, I think Bitcoin can not ending poverty in the world because it is not god, it does not have the capacity to do so. In many years, the governments of countries around the world also want an end to poverty but until now they still could not end this problem, the government can not, bitcoin is just a virtual currency, how can it do that. Bitcoin can only help the lives of many people to become better, it can not help the whole world, in life will have the rich and the poor, this is the balance of society, no one can change that

Where did you get that crap from? If all the wealth of the world is today shared equally among all the inhabitants of planet earth, it would be only a while and with not one single gun pointed or shot and majority of people's share will flow to few others and so would that of many countries the reason being that those few have factors of production attracting money from others, and it is as simple as that even until the end of the world.
 
For people anywhere to break free from poverty, which is very possible, there must be a shift from outright consumers to people who could add genuine values to life, only in doing so, would poverty be shown the door. What's more Bitcoin is a leveler for anyone willing to put it and its technology to work.

We must understand the fact that bitcoin is not a magic wand, it won't end the poverty itself. It is just a technology with better solutions to the limitations in fiat system thus it provides more opportunities to anyone from any corner of the world. It provides equal opportunities to everyone who is using it so the if we the users could use it more effectively then yes, it can end poverty.

Don't speak for world scale, maybe try in your neighborhood
Poverty problem in the world always present no one can solve/end that.

I don't think bitcoin can end world poverty not unless those bitcoin holders are willing to give the poor people their bitcoin then it will be possible, but the big question is are we/they willing to spare a little amount of our/their bitcoin and share it to them???

Yeah right dude...  Bitcoin is just only a bitcoin not a magic wand that make your problems disappear even the problem of the world.. It depends on the people who are living with many situation on how they handle it..   In case of bitcoin,  yes it helps our financial  problems but poverty, i dont think so... It can also lessen the poverty problems in our world so just be real dude...

All the monies in the world sure would not be able to end poverty, because poverty is a choice and only responds to positive actions and renewed mind setup, which is the message of the article. It suggests that Bitcoin is an enormous tool open to even less privileged people, to put to use and re-write their history and said absolutely nothing about handing out Bitcoin to people as a way of ending poverty.

As a matter of fact, giving arms or money to people is not a true way of bringing people out of their situations, what does the magic and will continue to is the empowerment of those with the desire to succeed or to be free, anything outside of that will remain a wild goose chase!

Bitcoin won’t end Poverty. There’s a bunch of babies born each day, if there’s a million dollars for every baby born each day of the month then Bitcoin would have to make over $xxx,xxx,xxx+ per month. That does not include the people that are old and have no money within their bank accounts.

I don't think digital currency is the solution to this kind of problem, well Cryptocurrency really is reliable in some kind of a situation base on your income status, but it is not a solution to poverty, I think the only solution is Education all over the world people that doesn't have a decent education ending up roaming the city and some ending up to be beggars their whole life and I think we should focus more on to street children and give them knowledge about certain things and how to read and write that basic things are needed to apply for a work is a common thing to have a decent work, and there are a great percentage of people in the whole world living their life with no read and writing knowledge and if people like that could have knowledge from the basic then I think that is the best have Cryptocurrency will also apply to them.

Well that makes sense at all and I believe poverty will not end if people around the world will always be lazy specially those young people around us who kepts on roaming around just wasting the entire day fir nothing. With bitcoin econonomy it will help peiple around the work to end it by means of hardwork like having investments holding funds on their wallet and wait for the price increase. So we must maintain a good standard of living anf positive attitude towards work on digital currency.

No amount of bitcoin or dollar or any wealth for that matter can end the extreme world poverty if people remain greedy. What is bitcoin or any fiat currency if these are held by people who don't have any plan of sharing them to the poor ones. World poverty has been here ever since the world began. People have invented so many things since then. Rich ones are buying things that fly and can transport them from one place to another in an hour but many in Africa have died without ever tasted a clean water.

For me the poverty is can't be end. Think about it, there is no country in the world that has no poverty. Poverty can't be end but poverty can be lessen. Bitcoin is not the answer to end the poverty, the government is the answer to lessen the poverty.

Definitely true though bitcoin can affect economic issue. Poverty will just be ended if there is no currption and people has a will, otherwise no matter what help was given, nothing will happen.

There are ways in which the usage of Bitcoin can help in the reduction of global poverty. One major use is in the remittance sector. Poor immigrants from Africa and Asia spend as much as 15% of their earnings in fees to Western Union / Moneygram, to send money to their families. Bitcoin can reduce this to 2% or 3% of the total amount.

Yes, it is important to apply the things that we learned from the information that we got in the internet or in real life because they are saying that experience is the best teacher so if we don't get that experience then we will not learn truly the things or information that we got because  if we will just base in information then we will have a doubt if it's true or not.

Well it is possible if everyone knows bitcoin and also it is important to know how to use it.Everything is possible if there is application not only you just know it.

OK, here is my delusional plan how Bitcoin could end World Poverty (TM).

Stage 1: First provide a scaling solution (sidechains, LN, whatever) suitable to serve hundreds of millions of users, at least. Without that, nothing will be possible.
Stage 2: Identify essential services that are missing in poor countries and can be out-sourced via the Internet (some ideas: consulting work, journalism, lawyers, education on distance, medicine on distance). It's important to choose important services that solve real problems, not useless "services" (like HYIPs or online gambling).
Stage 3: Create companies that provide these services, paid in Bitcoin. Use crowdfunding platforms or ICOs to finance the necessary infrastructure. 90% or more of the jobs should be operated by the local population of the poor countries you want to benefit ("Base of the Pyramid" method).
Stage 4: Your companies will create genuine wealth - not only because they provide important services but also because you create jobs for the local population. Bitcoin helps greatly because it minimizes transaction costs and creates the possibility to operate in multiple countries - also those with "unbanked" populations - providing one single payment platform.

The only "problem" is that this approach works only in places where an acceptable internet connection exists. So it would mostly improve life of the "urban poor" and not so much of those living in e.g. the African countryside.

If everyone in the world buy Bitcoin there are still people that lose out in one way or another. It would have to be a very organized and specific means of getting everyone in the world buying Bitcoin for some pipe dream like that to actually work out. Someone selling means that someone loses Bitcoin while someone else buys it, so there would have to be an organization directing the "distribution" for it to work, otherwise there simply would not be enough Bitcoin as people would buy Bitcoin rapidly early on and then it would taper off as the value goes up and it becomes harder to acquire Bitcoin.

People will do and will use as a tool to make more money so as to generate a lot of money value so as to end poverty in this world.