Topic: Can Bitcoin End World Poverty? - page 3. (Read 63023 times)

Bitcoin can not stop world poverty. I think that's impossible, it just makes the world better. Avoid physical barriers, facilitate transactions ...

I think that would be too impossible for now. Even the world organizations and government can't solve poverty no matter how hard they try. Bitcoin isn't that powerful to change every poor people's lives in every corners of the world. I believe that the change should start with in us and we can't rely all of it in bitcoin.

If bitcoin can end world poverty I think it is impossible .. because it is not that easy and in the world already in destiny there are rich and some are poor, and bitcoin can only help some poor people to be able to work in bitcoin and earn income .. And should be supported by technology tools and not all poor people have it and not all can use it..

We don't need to be hope for that, disparity among rich and poor people will always be there, sadly. Maybe bitcoin will ease the money raising process for poor people

Since money was first invented many thousands of years ago, poverty has always been a social problem. Income inequality has always existed. A few select people have the majority of the wealth, while everyone else have a minority of the wealth available. The Industrial Revolution of the 19th century and the arrival of the internet at the end of the 20th century did nothing to change this reality. Many people remained poor, in spite of the revolutionary way in which standards of living changed for the blue collar day laborer.


 
Precious minerals constituted a great part of this wealth. Among these were gold, silver, platinum, diamonds, rubies, emeralds, and sapphires. Each mineral has its own intrinsic value and thus its own unique price. Both governments and wealthy people recognize that precious minerals are a better way to secure long-term wealth than fiat currency, for fiat currency is subject to the whims of rulers. It may be inflated, or hyper-inflated. Its value is often determined by the decisions of those who own a nation’s printing press.

This is not the case for cryptocurrency, however. Cryptocurrency is essentially digital money with no physical basis. It cannot be printed. It can be introduced all at once or a little at a time. Among these are bitcoin, litecoin, dogecoin, darkcoin, and NXT. There are, in fact, so many different crypto currencies that it’s impossible to predict which of them, or how many of them, will become more valuable or less valuable over time.

And while cryptocurrency mining- the process of solving new blocks in a blockchain- becomes more expensive as the mining difficulty rises, it must nevertheless be observed that a cryptocurrency can be created from nothing. Indeed, people are already doing this, and continue to do this. There is every indication that bitcoin, the most popular cryptocurrency, is merely the beginning for digital money. Innovation- and copying- will occur.

It is not impossible to imagine every citizen in the world having some cryptocurrency or other, given enough time. Even people without cellphones or access to the internet can access their money through an intermediary- ie, a village internet host. Tribes of aboriginal peoples can be granted valuable assets to spend or not spend as they see fit. The money can be created out of nothing and given to anyone.

The people who will bring cryptocurrencies to various nations around the world will be those who are interested in doing so, as is already the case in Ghana. People are actively interested in improving their living conditions. The best way to do this is by improving the money people use to conduct business. As long as cryptocurrencies remain valuable while fiat currencies remain unstable and unreliable, people will have an incentive to introduce it into their region. This is true for Mexico City, and Lhasa, and Jakarta, and Canberra. It is true for Cleveland, and Ontario, and Tokyo, and Moscow.

That everyone can have money will not devalue any one currency or other. The intrinsic value of material wealth can be observed through the existence of precious minerals. The existence of diamonds does not devalue gold. The existence of silver does not devalue platinum. Nor will the existence of litecoin devalue bitcoin. Every cryptocurrency will have its own value based on what it is, what can be done with it, and how scarce it is.

To put it another way: 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.

Yet the potential already exists. One day, poverty may be a thing of the past. On such a day, homeless people will no longer be homeless. Welfare programs – and the government agencies who administer them – will no longer be necessary. The world will be alive with commerce, wherein transactions can be done instantly with anonymity.

Such a future is not only possible; it is becoming increasingly probable.

Bitcoin can't change the life of everyone in the world, whether they believe in it, or not. The early adopters obviously benefited from Bitcoin, in the form of huge ROI. But we can't expect Bitcoins to give the same amount of returns in the future.

The main problem nowadays is bitcoin in banned many countries so that the bitcoin feels never maximized, if bitcoin is legalized then I am sure that the problem of poverty can be solved.

Bitcoin cannot end poverty in this kind of society. Because some people think that investing in Bitcoin is a scam. They don't want to accept the fact that Bitcoin can change their life if they believe in it.

Yes I agree, it is not  just easy to end poverty. It might be that through bitcoin we could have another source of income but it is hard to sustain the needs of the people with the power of crypto.

Yes, I think bitcoin can help end the world poverty, but not in an instant. Since we all know that we can just access bitcoin through using internet and technology, it would take time to make other people, especially the poorest and the people who dont care about having good knowledge of technology, to know and become interested in using, earning and investing in bitcoin. If everybody would be so eager about bitcoin as we are, then there is a possibility that the world poverty will be ended.

Nothing by itself can end world poverty, except a general consensus on the part of all nations that it is unacceptable, it is the greatest wrong in the world, and we need to make a conscious effort to end it. That means developing a level of empathy we simply are not hard-wired to do at this stage of our development, so it'll require a great culture advance.

Blockchain technology can facilitate transfers of small units of value, and these can empower those who decide to take action against world poverty. But until we, collectively, have the heart to fully fund and support these actions, we will always have poverty.

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.

Yes its possible, if each government will support their community to use bitcoin, or the government make use bitcoin to help their community from poverty.

Maybe but bitcoin is just a currency and not all people dont know about bitcoin and poverty is the biggest problem in the world maybe goverments will helping thier people.

bitcoin willt finish the globe neediness on the grounds that bitcoin cannot make love inspite of all speculators place resources into bitcoin nonetheless not all find yourself made and not all can place resources into bitcoin poorness is in there if all people clad to be made does one assume our life is impartial? does one surmise that life is testing? that's the explanation neediness cannot finish by basic facilitate of bitcoin.

I believe bitcoin will end world poverty, so bitcoin will be recognized to all the world. Bitcoin as a source of income, a big profit and earnings. This is what all people look for. To have a big opportunity to become rich. And here's bitcoin is the answer. I don't have idea why bitcoin came as a big help. But l know everything is under control by the ruler of this earth.

I really want that to happen, Bitcoin can end poverty, it's a great thing. But bitcoin cant end world poverty i think it could be lessen the poverty but it will never end because many people that is lack of knowledge what bitcoin.

No one can remove or end poverty of each country even the elevated with rank in each country that have all access to all they are also dont do to remove poverty to their country.

I believe bitcoin helps a lot of people earn their own money in different ways which in turn could be used to support the needs of their families and its a big help to lessen the poverty.

If talking about economy and poverty, bitcoin is not a factor that can eradicate bitcoin poverty is just one way to go. Rich or not a person is dependent of the person's own efforts, semaking he worked hard and not despair, the greater he was to get the results he expected.