Topic: Can Bitcoin End World Poverty? - page 73. (Read 63023 times)

In my opinion, it will also depends on the diligence and willingness of the people who wants to escape from poverty. Because if the people are not willing to escape from poverty of course bitcoin cannot help them. They also need to trust bitcoin that it could help them solve and escape their status in life. They just also need to be diligent enough to earn bitcoin and will not be lazy because even if you already have bitcoin, you cannot earn if you will not work for it also just like in the real workplace or office work.

I believe for me bitcoin is just a currency, poverty is not dependent on forex but in truth how they will get a forex. If they are hardworking men and women then they could finish up their very own poverty but if not bitcoin cant assist with them.

Yes! I think Bitcoin can end the world poverty. But it will be too late. It is not possible to change everything so easily. But many countries need help. Because Bitcoin is not valid in many countries, Bitcoin must be valid before those countries. Many people are so poor that they do not even read and do not have money for internet access. Therefore, these problems must be resolved earlier. Which Bitcoin alone can not afford. Need help with mutual help.

The cause of world poverty is greedy and greedy officials and politics. A bitcoin or fiat money or electronic, gold is just a kind of money!

Since one cannot eat BTC or even physically touch it, it cannot end world poverty. People invest in it for themselves, they don't to make you or me better, everyone in it is in it to come better out of it. Since money and any other commodity did not end poverty then BTC will not either. Only one thing can end poverty and that is people. If everyone would just help out another human being without asking anything for it back, poverty would be resolved within a week. But no, most humans are selfish greedy beings. For every money made it means that much money did not end in anyone elses pocket, so the richer one gets the more that person has stolen away from everyone elses pocket.

I think no because not everyone has access in the internet. How can the poor can do bitcoin if they dont have a gadget to use. Bitcoin can lessen world poverty but it cannot end the world poverty.

No it will not. It will make some people rich and a lot of people poor.

it's just simple logic. You first of all have to either have a lot of money to invest in it f you're to late or you have to be early. If you bought high and panicked, sold low and then rebought you already lost money before making any. if you're to late with investing and only have little you will not earn a lot.

So in my opinion, people will win money, but not everyone can, so a lot of people will also lose. This market is manipulated by people with a lot of money who can make you do stupid things.

Yes indeed its possible and bitcoin can end world poverty because bitcoin is playing a very big role in economy of countries and it have already reduce unemployment in countries so bitcoin only just need time to end world poverty because bitcoin is going to welcome by countries and they allow bitcoin in their countries to end poverty .

Bitcoin offers opportunity to each and everyone in the world. It gives a chance to make poverty low, as it can't be diminished completely but it helps us to overcome in the poverty of a country. Due to bitcoin the life style of many people has changed.

Bitcoin attract people itself and give a big profit to those who are investing in it. It can help a country to improve its economy and to improve the condition of poor people of the state.

Yes bitcoin provide a good platform for those who are unemployed in the world it is an opportunity for unemployed peoples and most of the people are doing best by the help of bitcoin it will end world poverty once they enter into the crypto world then the chances to become rich is high.

Poverty is a very complex social issue, I'm sure if bitcoin is managed properly and legalized by the government then bitcoin is certainly able to reduce poverty.

From $0 to $7000 bitcoin currency is a miracle. Bitcoin made its investors not only rich but changes their life completely. Erased their poverty permanently. But it is wrong to think or assume that rising price of bitcoin will reduce or end the world poverty completely. No currency ever eradicated world poverty from last hundreds of years. To erase poverty we need to educate people , help them to fulfil their basic needs by creating jobs, Provide them electricity, roads and housing facilities etc. Bitcoin is just a currency, we can reduce poverty by using that currency. Bitcoin and its related activities may create jobs for people.

Bitcoin cannot single-handedly end global poverty but might try to eliminate some pockets of poverty through provision of online jobs to people around the world who can get paid with bitcoin. It's a collective effort if we want to completely eliminate global poverty and so we should rely on only bitcoin but governmental interventions and support also.

We should know is the cause of poverty, the presence of bitcoin is not an instant solution to eliminate poverty, it takes a long time and if not supported by good education then they remain poor.

I agree with your opinion. Because it actually depends on the people who are experiencing poverty if they will try to help themselves and change their status through bitcoin. But we all know that some people have pride so we don't know if they will grab the opportunity of having an extra income to save them from the poverty they are facing now.

Rather reckless statement. First, it depends entirely on your entry point. If you're buying bitcoin for the first time now at $7000, there are plenty of investments that are likely to outperform bitcoin from this point on. Second, bitcoin doesn't create profit or value, it only reflects the price people are willing to pay for it, and anyone buying at any particular time must hold the opinion that there will be someone willing to pay more for it in the future, otherwise they wouldn't be buying. In that regard, there's no guarantee bitcoin will be worth more in the future, and it's rise resembles more of a bubble than anything else as everyone holds the opinion that no matter what price you buy at, there's always going to be someone in the future who will want to pay more for it than you did. That particular poor logic is how the housing bubble was created. It's how all bubbles are created.

Seems to be challenging, this is because almost all nations don't want to legalize bitcoin, they be concerned bitcoin to be financial threat simply because bitcoin is decentralized program.

The world has become dominated by the people who are well-informed about something. You're dumb, then you suck. The time when the big guys or masculine guys are dominating are now over. You can still get picked up in school by this type of bully but if you know things, you can get back to them without actually having to hurt them back physically. There's just a lot more going on in the world right now compared to how it was back then. Techhy people can make fun of you on the Internet and maybe even have his Internet friends pick up on you on social media. They are basically a threat, maybe not physically but once they are in front of the computer screen.

Being in a third world country, physical labor isn't that much anymore. That's why call centers are here. That's why they get domestic countries from my country, etc. If you don't have any knowledge at all, people are going to take advantage of you. You will end up working so hard in an office but also end up having very little pay. The world pays you according to your knowledge now. It's kind of what's separating people from other people, their knowledge. You know more about a certain specialization, then you get paid more.

Relating it with bitcoins, you can be a fast typer, you can have a fast Internet, you can have it all, but without knowledge, I'm afraid but you're not going to be able to monetize your talents. I see a lot of people being able to do 80 words per minute in typing challenge, but since they don't know anything at all, all those skills just goes to playing a game that they don't really enjoy.

Bitcoin cannot end world poverty and why ? because not everyone is capable of earning bitcoin through internet connection and not everyone is knowledgeable about bitcoin so there is no way that it can end poverty.

Cryptocurrency cannot end world poverty by itself. But Cryptocurrencies can create economies and societies that are decentralized and democratic, thereby giving everybody access to economic opportunity.

Much of poverty is due to the lack of economic opportunity caused by corruption, abuse of power and the self preservation by the elite few.