Can Bitcoin End World Poverty? - page 55.

jovs

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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.

Poverty is not a simple issue to solve. Even highly developed countries in the world consider poverty as one of the most difficult problem to solve. Bitcoin can play a part in in the solution, together with the help of market experts, economist and government leaders. But, ending poverty is far more complicated, it needs a lot of studies and strategies that will not happen in an instant.

Ethminer2x

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Bitcoin cannot end world poverty. It just make some small group of people with understand about tech can become richer!

marsmyname

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Quote from: FLUZFLUZGLOBAL on November 02, 2017, 11:31:55 AM

Absolutely Bitcoin can end world poverty and that is the goal of it. It is going to decentralize every centralized system, and that is what the world economy is today, and allow everyone a fair chance at bring value to the economy that can't get changed.

I do not think that bitcoin can end world poverty. Bitcoin is not as such popular in all the people of the world. Still a very small number of people are using bitcoin, and have some knowledge about it. Still less than 2% people are using bitcoin, which is in fact a very little number of people who are using bitcoin. Therefore I do not think that bitcoin can be helpful to r

Tukang Becak

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Poverty is a very difficult problem to deal with, it takes a long process, and instant ways like subsidies are not proven to reduce poverty, I think the government's financial system must be changed from decentralization to decentralization, and bitcoin can reduce poverty.

marcuslong

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I think its very hard to end poverty with bitcoin yes it is because people who might interactbwith bitcoin even they heared about it they always sink into their minds that what it is what bitcoins can do and mostly those poor like me don't have much time to get some pc and ir start with cellphone the lack of knowledge if theres someone maybe it will.

asha18

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Bitcoin can not eliminate world poverty But Bitcoin can play an important role in reducing the world's poverty. Currently, there are many people who have joined the BTC to choose from the income wing.

coat47

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Never . For centuries and centuries there have always been poor and rich people. Why should that change now? Bitcoin is not a miracle. I am pessimistic but people are bad and jealous of your successn selfish. On the contrary, the gap between rich and poor will expand. Rich become even richer. Of course there are and will be new rich thanks to bitcoin. But on a global scale it does not represent much. And people in power think only of themselves.

BitGenerator

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My concern about world poverty is how it ended like it, because I think is remote to before christ.

Neptunator

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I'm not sure how bitcoin can end the world's poverty. Bitcoin is not the answer to end world poverty.
The most possible answer is that Bitcoin can help to reduce poor-rich gap through some non-profit organization which collects donation from cryptocurrency.

mininghubby

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Quote from: RamBahadur.Gurung on November 30, 2017, 12:16:38 PM

A currency can never end poverty in the world. In order to eradicate poverty, poor people must practice family planning, and they should give more importance to educating their children.

no i don,t think so that bitcoin can end the wold poverty but bitcoin can help to reduce the poverty . but bitcoin can provide someone economical stability. As long as they are knowledgeable on how tho earn bitcoins. Poverty is a very big issue that the world is facing. It would need more focus from the world leaders to reach out the poorest.but poverty depends upon the situation of politics and stability of different counties and also due to the increase in population..

MeAgainstTheForum

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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:

Nothing , no one who is in power today is looking to end with the world poverty.

randal9

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You can't just sit down and wait for someone else to come after you and make you rich. It won't be possible until you work and think about something more profitable that can change your life. You need to work hard, only then you can get something good in your life. If this is bitcoin - it is wonderful, but it can also be anything

Bitcoininspace

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No, it's impossible. I could be possible only if bitcoin was distributed to all people that earn not enough money. Instead bitcoins are owned by small amount of people. Moreover to solve poverty bitcoin should be accepted everywhere.

bhabygrim

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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:

Bitcoin is not a magic that could end up world poverty. World poverty is a big issue and it is way too big for bitcoin to handle. Not every know how to earn bitcoin and not everyone is aware of bitcoin. Even those who are earning are not even willing enough to help those who are experiencing poverty.

RamBahadur.Gurung

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A currency can never end poverty in the world. In order to eradicate poverty, poor people must practice family planning, and they should give more importance to educating their children.

slashz9

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I think it's difficult because there are some or maybe many people who do not know about bitcoin, and if they do not know then how do they get it?
we take the example of people in the interior of Africa they are still very far away or untouched technology, they have not thought how to get rich, or have many assets. they only think about how to survive today.
so I guess your opinion about eradicating poverty is wrong.

Xiberion

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I can not see how it can end the world poverty as the laws of a country and the state budget determine poverty or wealth, beside natural conditions. Bitcoin not born for that I think. It may and can help people in many ways, especially when it comes to money matters, bitcoin and the cryptoworld, but poverty is different case.

bentong talong

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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:

Bitcoin might make a big impact in relation with the solution of world poverty but some stuffs would not be affected because bitcoin is not yet legal worldwide and there are still a lot of people who does not have any idea with it. It is considered to be the most popular cryptocurrency but I don't think its popularity is already enough for the change and the end of the poverty. We should set our selves in proper first before we depend on bitcoin with the solution of world poverty.

Dondon1234

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Quote from: MWesterweele on June 28, 2017, 09:08:33 AM

It has a possibility that bitcoin might change the world but, it will take many years before it will be. We cannot change a thing so easily. But we hope so that oneday bitcoin might help us all especially those who are very lack in needs.

Yes you are correct and you have a point .. It's like my opinion that It has a possibility that bitcoin might change the world but It's not easy like others see and others think ..Yes It will take many years before bitcoin end world poverty because not all people have know about bitcoin ,and bitcoin is not literally legal ...

Kokoy

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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 dont think so, but for my own perspective I can see bitcoin as one of the greatest contributor to end worldwide poverty that until now we cant end. I have realized that there is also a factor that can erase poverty for good and I think equal currency for every country.

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