Can Bitcoin End World Poverty? - page 149.

onrise

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Quote from: dream_maker82 on June 29, 2017, 05:47:10 AM

Bitcoin will not be able to solve world poverty, because it is only a currency that still needs to be earned. The poorest countries now do not even have the opportunity to even know what it is due to the lack of computers and the Internet.

Well just think about it the countries which its being existing for 100+ years with their Independence on with their existence currency have not being able to solve 100% poverty so how come one expect bitcoin coming just 8 years before to solve this poverty . Well not even 20 % of the population use btc in the world.

dream_maker82

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Bitcoin will not be able to solve world poverty, because it is only a currency that still needs to be earned. The poorest countries now do not even have the opportunity to even know what it is due to the lack of computers and the Internet.

magneto

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Quote from: links on June 28, 2017, 07:46:43 AM

For me i think so..

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

READ MORE:

I mean yeah, in a way.

Bitcoin can serve as a bridge between poor people that have cheap labour in poor countries, and people who need skilled labour but can't find cheap ones in their current country, and getting rid of the transfer fees which can add up to more than 20-30% in some cases, and delays in money transmission. That'll help balance the world economy, essentially letting poor countries become richer and already rich countries become a bit poorer.

However, bitcoin alone is not able to change anything. It merely is a medium of exchange, and a store of value - nothing else. It ultimately depends on policy makers. If they're hostile to bitcoin, then really bitcoin's potential is wasted.

savetherainforest

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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.

It will probably help when it will get there!!! It will give good store of value!!! ... Yeah... I went there! I'm looking at you Zimbabwe!!! Cheesy

anneiS_02

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The existence of cryptocurrencies makes it possible to give every citizen in the world a stack of gold. The currency thus given out will not be valuable by itself – not at first. Time will have to pass in order for scarcity to change the value of the currencies. Nor will every currency succeed in making impoverished people wealthy.

But there are perspectives that are needed to have a good look at. There are still groups in some community or society that aren't computer literate. To know about bitcoin is still hardwork and not just by having an internet connection.
Poor people will just spend for their needs rather than going to an internet cafe and wait for weeks or even months to earn in an online job or something.
Everyone has their chance and way to change their social status in a social ladder.
But ending poverty is still a long process if everyone in a country are willing to contribute.

mrcash02

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If each individual person can't manage their finances, Bitcoin can't end world poverty. Everyone could have a opportunity in life to save money, invest it, grow the money and have a better life status, but it doesn't happen.

- First of all, if you don't stop making children, your month expenses will become even higher, you won't have the chance to save money, you won't upgrade your life status and won't give confort to your family.
- Second, if you waste money with desnecessary items like cellphones, expensive clothes, accessories, gifts you won't save money.

I'm not saying you can't have all of those things, you just need to know the right time to have that, first you need to save your money, invest it (in Bitcoins), hold your coins, when the price hit a nice value, sell part of your coins and invest in real life, open a little shop, start a production of a good at home. Only this way Bitcoin can help to end world poverty, only if people are able to manage their money and their actions.

ecnalubma

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Bitcoin can end poverty but depends on what process. By this time bitcoin offers new opportunities and employment through different jobs. Maybe in the future bitcoin will become institution for workers worlwide.

tittensor

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Quote from: CryptonomyCapital on June 28, 2017, 09:18:20 AM

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.

The article does not speak about bitcoin, but about how blockchain technology will help to cope with the shadow economy in developing countries and as a result will reduce poverty.

I think blockchain technology can help the economy in developing countries but it can't reduce poverty! It just help make transaction fast, security and cheap fee more than old payment system as Bank, Visa or Paypal. If poor person lack of knowledge using Blockchain, the blockchain technology can't help them!

ASHLIUSZ

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Quote from: daringdiscovered on June 28, 2017, 10:22:56 PM

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!

Correct, bitcoin itself can't end the world poverty, it is still depends on us, we must cooperate on ending this poverty, and if we are all going to be united on this with the help of bitcoin, then I guess we could do this. Bitcoin would just a stepping stone for us to achieved this change that we are all asking for, the expectation that we are expecting on bitcoin to end this thing would just be a nonsense if we are not going to help.

With bitcoin we can't end poverty. This is an social issue which can be eradicated only by the government and bitcoin can help them financially grow up. In my view each and every country has got certain number of people in the poverty level. The grown Countries don't show it out, but the developing countries show the decreasing number in poverty level to calibrate the growth.

syaripudin

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Poverty is a problem now faced in every country, let alone country of konplik country, it needs very serious handling from all parties, so if you think bitcoin can overcome poverty in world, I think this is just how government role to be able to socialize bitcoin to Because not everyone knows what bitcoin is, I wish it could happen so that the current social imbalance between the rich and the poor is not too far away

hase0278

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Bitcoin I think cannot end world poverty, after all not all people can and will use bitcoin. Also, it really depends on the people if they will get rich or not with bitcoin, and it won't be the one to end world poverty because not all people can access the internet and not all owns a pc or a smartphone to store bitcoin, unless bitcoin will be tradeable offline too, one thing is for sure though, bitcoin can make more new rich people in the future.

daringdiscovered

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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!

Correct, bitcoin itself can't end the world poverty, it is still depends on us, we must cooperate on ending this poverty, and if we are all going to be united on this with the help of bitcoin, then I guess we could do this. Bitcoin would just a stepping stone for us to achieved this change that we are all asking for, the expectation that we are expecting on bitcoin to end this thing would just be a nonsense if we are not going to help.

ethereumhunter

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i am not sure about this but if every people in the world is trying to join in bitcoin world and they want to do some work to earn bitcoin, i think bitcoin can end world poverty. the only problem that i can think is not every country have good internet connection so its the one thing that every government need to solve because bitcoin is related with internet connection so people can used bitcoin with safe and no need to worried to thinking that they can not connect with internet.

dillpicklechips

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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.

Transaction fees pretty much ruined what Bitcoin is and also the confirmation time which it should be fast and cheap transactions. Could it revert as to what it was?

Aside from those, if poor people you are saying, really poor people then I don't think it will help them especially those who are not technologically literate and some who have no literacy. Also considering the financial standing, if they can affor to buy a android phone, computer, or anything used to connect to the internet and browse then they can join in but if not then unfortunately they can't. And the internet fee or they can just go and connect to free wifi spots.

Let's face the reality. Bitcoin has its requirements set and you need to have those in order you can access it and profit from it.

freeyourmind

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Quote from: bitcoinbox on June 28, 2017, 06:35:16 PM

I think people are putting too much expectations in Bitcoin.
Unfortunately, it is not going to solve all the problems around the world, neither tyhe poverty.

Agreed. We already have enough basic resources for the entire world (food and water). The way we allocate resources in this system, gives a lot of resources to a small % of the population. Bitcoin isn't changing that system.

Drnice

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When you say world poverty, it looks very large. What about countries which will or might not accept Bitcoin as a currency into their market system?

But I believe Bitcoin can stop people's poverty and a total eradication to poverty.

hardtime

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No chance, I'm one of the people that is very realistic when it comes to Bitcoin usage in the world. Let's think about this for a second, people in First World / Developed Nations are having issues adopting to Bitcoin and using it. Do you really think it's going to gain traction in areas which are developing and don't even have / are just getting access to the fruits of Civilization such as internet, electricity, water, and so on and so forth. These are also the places that usually have the worst time when it comes to Gov Corruption, so Bitcoin isn't going to be allowed to spread in these areas. Maybe with some innovation with BTC it may help to get people in on the Global economy, though it's really going to take some time for all of this to work out.

Lomberjack

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I can't see that bitcoin can really end world poverty. First, not all country in the world have already legalize bitcoin only some do, and those countries if you will observe are mostly western countries that are already known for having a great economy. Also if bitcoin can end up world poverty, why does many countries continuously suffer this matter? In the first place, bitcoin have already existed years ago and until now, it doesn't end up world poverty.

NoNetwork

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Quote from: links on June 28, 2017, 07:46:43 AM

For me i think so..

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

READ MORE:

I think you can end up poverty with bitcoin, it can be earned easily by anybody as long as you have skills and some money to invest. Someone who is willing to take risks is someone that may be successful in the future, so they must take on risks. But I don't think that it will be a good source of stable income, maybe just for extra.

Shutup

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Yes bitcoin can end world poverty.To the unemployed people bitcoin can produce income.To those people who wants to grab this opportunity to have income.You have to obey the rules and always try to do the work in order so that promotions will come to you.When bitcoin works in this world to end poverty this will be the powerful currency to the whole world.

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