Can Bitcoin End World Poverty? - page 33.

xebecstyx

member

Activity: 168

Merit: 10

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.

I agree. As much as it has all the capacity and power to do that, given it's good marketability and high value, world poverty is such an over-bearing and big problem that can't be solved by any new and growing business trend even if it has all the potential in the world. I think it may play a big part in helping alleviate that problem, but I also think that there should be a convergence of so many factors that would work for that cause and cure world poverty.

bitsceptic

newbie

Activity: 42

Merit: 0

Bitcoin will cause global starvation due to collapse of financial system

chrisculanag

full member

Activity: 1344

Merit: 103

Bitcoin is cant end the poverty , bitcoin is a crypto currency . Bitcoin users can help to reduce poverty if depends it how to share to the communities . There are many bitcoin foundation that help the low life community , they are use there bitcoins earning to buy some goods and share to others. And im very proud of it , Greed is always the enemy of poverty.

loyseu

member

Activity: 106

Merit: 10

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 don't think bitcoin can end poverty in any way because it the family believe that they are poor they will stay poor all of their life. If they have that kind of mindset any thing will not be their bridge to success because themselves they don't know what they are capable of.

Algochain

newbie

Activity: 48

Merit: 0

A decentralized system can.

Lago_V

newbie

Activity: 56

Merit: 0

No. People should have resources and knowledge to know how to benefit from Bitcoin. Bitcoin itself is not going to save anyone.

neonshium

hero member

Activity: 1134

Merit: 515

Quote from: alexsamudra on January 12, 2018, 05:31:33 AM

bitcoin will help to reduce poverty in the world, because bitcoin will be a pretty good source of income used by countries with high poverty rates. indeed all can not use bitcoin but bitcoin will reduce the level of poverty it. bitcoin is a money laundering business run by business people who know how to make transactions. all can use bitcoin to include it to schoolchildren or citizens who want to earn extra income to reduce poverty.

There is no power that can make bitcoin disappear except for GOD. So many people who are in authority are against bitcoin because bitcoin is making people live financially independent lives where they are no more dependent on government subsidies and loans.

This is the reason why there are statements that bitcoin is involved in criminal activities blah blah. Bitcoin has support of common man, it won’t disappear.

amrahova_s

newbie

Activity: 126

Merit: 0

Balance should be in everything, so I think that don`t matter what will change in the world, some things will stay the same.

zeaderza

hero member

Activity: 896

Merit: 502

Quote from: JerryJam on January 11, 2018, 07:15:26 AM

Bitcoin can not eradicate poverty around the world. Even if it is not bitkoin and another currency The whole world has always been divided into rich and poor. Dengi is not the goal. A goal is a person's needs. If a person sets a goal to get education to open and develop his business. This person will be rich. And if, for example, a drug addict or alcoholic also needs money. But their goal is different. Therefore, such people will never be rich.

I think the same in this matter. Poverty is a very big problem and Bitcoin alone cannot handle this. It is far more than its potential. Even if we combine all the crypto currencies of the world still we cannot manage to get rid of this problem.

However the effect of Bitcoin on the financial status of the holder is very clear. Like you said it is capable of improving the individual’s economy in a dramatic way.

reymartH

member

Activity: 112

Merit: 11

Quote from: munareal on January 12, 2018, 03:48:15 PM

Bitcoin can not end the world's problem poverty included.Third wold countries are the ones mostly affected. Their poverty is too deep that most of them can not access the internet then how can bitcoin which needs internet connection help them.

An astonishing amount of countries and people still do not have access to electricity on this great planet of ours. An estimated 16 percent of the world’s population

shezu007

full member

Activity: 336

Merit: 121

Quote from: jeraldskie11 on January 14, 2018, 10:41:21 AM

Yes ofcourse because even the poor people are able to use bitcoin when they could just read. The evidence is me, because i'm only a highschool graduate and when I use bitcoin in trading I earn like what professionals earned and sometimes more.

Well, Positive and good thinking about BTC and appreciate your experience also. Poverty is the main problem of some large countries and their solution is very hard for them and they have tried their best but still they are not getting success but BTC is the only way that have get they way of success in removing that problem, still it have not remove poverty as a whole but have taken big step and improve life of many peoples.

wooch4aeye

member

Activity: 112

Merit: 10

EFFECT.AI▲Decentralized network for A.Iυ

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:

it can reduce world Poverty but can’t end it. bitcoin is not a magic
best way to end World Poverty is by shearing bitcoins between rich and poor

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Yes ofcourse because even the poor people are able to use bitcoin when they could just read. The evidence is me, because i'm only a highschool graduate and when I use bitcoin in trading I earn like what professionals earned and sometimes more.

Farhan786

member

Activity: 308

Merit: 10

Yes ,of course. Cause bitcoin is simply just a currency unlike other real currency like dollars. It's significant for businessmen that used to deal with other countries. This currency makes partnership easier since the cost for making transaction with bitcoin is low thus they are able to transact with satisfaction.

Naficopa

hero member

Activity: 2002

Merit: 516

I think bitcoin will not help fight poverty in the world. In poor countries, most of the money goes to consumption. To end poverty, it's necessary to create industry, infrastructure, change the mentality of people. Spending money will not end poverty, whether bitcoin, or a common currency.

pissyas

member

Activity: 140

Merit: 10

Quote from: logan16j on January 14, 2018, 09:48:32 AM

I think Bitcoin will not end World Poverty.
It can create some with anybody, but will not have great impact in poor countries.

I think differently
In poor countries if they know the internet they will know Bitcoin at some point, then their country will develop with Bitcoin as their currency.

Semosuchi Tesongrato

member

Activity: 546

Merit: 33

Rasputin Party Mansion

Not at all. Bitcoin itself hasn't any value, just as fiat money.
It can be used only to transfer value.
If you are poor, and don't have nothing to Exchange, bitocoin or dollar don't make any difference.

Anco_Marzio

member

Activity: 186

Merit: 10

Bitcoin can end poverty just on an individual level, is someone becomes rich due to good trading.
But on global level, there is no relation, as bitocoin is just a store of value, not the value itself.

logan16j

member

Activity: 252

Merit: 10

I think Bitcoin will not end World Poverty.
It can create some with anybody, but will not have great impact in poor countries.

pissyas

member

Activity: 140

Merit: 10

Quote from: bennie4 on January 14, 2018, 09:39:08 AM

As far as I know, the government manages people by money, I wonder what will happen when our economy is not managed, without taxes, there is no difference like USD price compared to other currencies , so good

If so, we will receive income with the labor we put out, without the exploitation.Bitcoin is so great!

Topic: Can Bitcoin End World Poverty? - page 33. (Read 63042 times)