Can Bitcoin Really End World Poverty? - page 12.

Kurokonobasuke

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Quote from: bornil267645 on April 03, 2015, 10:54:32 AM

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

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

Bitcoin can't solve poverty alone but if someone really wants to help with the use bitcoin I think it will lessen the population if poor people when he provide them opportunities to earn bitcoin because in our generation if you don't go to school or you didn't graduate you can't get a job because grades are what matters.

jump4ever

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except for the fact that the cost of bitcoin is too high for poor people, in principle, it can. because there are other ways to profit from the crypto currency, and without the investment. all your efforts will be rewarded.

buiduc

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No way. And by the way I've read that 4% of the people in the Bitcoin network own 90% of the assets. I don't know if the numbers are accurate, but this replicates the usual pattern in the world. This won't make poor people less poor.

luisdvmd25

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I think this is an incorrect statement. Because while someone is getting richer - someone is getting poorer. And everyone can not be rich. This is a fact, unfortunately. Cry

emerejames

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no. the reasons are-:
1 bitcoin is a business open to the world for those that understand it to invest, which many people never believe it to be real
2 crypto like other business are full of risk and many people are not ready to take risk,
3 majority of the poor people don't know how to use Internet and crypto involve the use of internet,
4 bitcoin are costly and poor people may not have the capital to invest in bitcoin.

Sand King

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Quote from: bornil267645 on April 03, 2015, 10:54:32 AM

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

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

I think so because if only the government will allow bitcoin in their countries bitcoin will eventually help other people to be financially stable and that will solve the poverty step-by-step.

Kersh768

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Actually Bitcoin will not be responsible for world poverty, government has. Maybe a country has a bitcoin and almost everyone uses it and they earn in different ways, but how about the poor ones who don't afford to have the tools for using bitcoin? This may be clichè but education is the key to end world poverty. Being literate can bring you anywhere. But if we have corruptive government then I guess this problem won't be alleviated.

xyz_abc_def

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Quote from: david roman on April 24, 2018, 09:50:09 AM

I think ending world poverty is an overstatement. First of all, we can not end poverty as a whole, no matter plans we have, no matter what projects are launched it will still end up not solving the problem in all. But I still think that bitcoin can lessen the effect of poverty.

There is some truth in this, the current monetary system favours the rich and hurts the poor. A Bitcoin or Crypto economy will be an improvement in my opinion

letecia012

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Quote from: bornil267645 on April 03, 2015, 10:54:32 AM

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

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

If government and some good samaritan can't end poverty then why bitcoin can ? as we all know bitcoin is a crypto currency and just stay on the web how it end poverty if poor people can't help their selves to overcome poverty. only our self can get out us away from poverty if you have determination and with positive outlook in life there is no reason why you can't overcome poverty may bitcoin be one of a tool but it can't totally eradicate poverty.

melekseverce

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Forget about the fund manager talking about "blockchain encryption", this is Steve Forbes talking about Bitcoin.

m.mendoza

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Quote from: silkylove on April 03, 2015, 01:57:25 PM

I think it will make things better for the poor, particularly migrant workers. But it won't end world poverty. What might end world poverty is if we could get rid of usury, which is what made it so bad in the first place.

We have different opinions about this. There are some who says that bitcoin cannot end world poverty but there are some who says yes it ends poverty. For me bitcoin cannot totally end poverty maybe it reduces and i hope it continues to reduces until poverty ends.

blocklancer8

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It will be very possible that when many countries use and run bitcoin circulating in the country. Because many have proven that everyone who users bitcoin their lives become more prosperous.

Danlopz

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Quote from: hot_ads on February 21, 2018, 08:54:55 AM

Bitcoin only makes a part of it rich. Rich people make money by making other people's money. Some people make money and others lose money. The market is like this.

I do not think it's possible. Either bitcoin or any currency can not end world poverty, as long as there is corruption in every country. The world will always fight and even kill just because of money. Because the money of many human traits is bad, only a few good qualities.

Prisca07

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I think maybe, because, we didn't know if what happen to the bitcoin if is end or still. We need be responsible or protect bitcoin to still this good opportunity and to less the poverty in our world. We share and don't doing bad like scamming to less the corruption in bitcoin or bad experience in bitcoin. If we share to everyone the possible happen is more people using bitcoin if haven't bad issues or scam using this good opportunity.

david roman

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I think ending world poverty is an overstatement. First of all, we can not end poverty as a whole, no matter plans we have, no matter what projects are launched it will still end up not solving the problem in all. But I still think that bitcoin can lessen the effect of poverty.

jademacoy

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YEs bitcoin could solve the poverty but not all since the benefactors of bitcoin are those low income earners to average income because those poor enough could not make it to join bitcoin investment of even bounty campaigns. As we all know some of them are in the streets begging for food and those are unfortunate events that we will be seeing everyday as we go in the streets. However, if there could be a good hearted person out there who is willing to share his profit on bitcoin investment then it might end the poverty of those chosen person that would take part and give the opportunity to join in cryptocurrency like joining in bounty campaigns and get rewards. I heard that some of the individuals who have low income has quit on their job in cryptocurrency as their full time Job.

BitcoinPanther

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Dwelling deeper at Brian Singer's thoughts, i'd say the ownership point is indeed valid and is considerable of argument.

The keywords "property ownership" and "collateral" does have a take on any economically infused formula and potential.

When bitcoin does not discriminate who holds one then all of us are given a chance to play in the grounds of tycoons and wealthy clans.

Bitcoin does empower any person in possession of, to trade, invest and punch poverty hard on the face to rid of it.

But then again, if peace is such a complex take on humans, so does poverty. It would take a whole lot of revolutionizing to kick it out of history books.

David Van

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Bitcoin cannot end poverty, only collaboration can.

Mersterious

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for me bitcoin sure has made some people super rich and will keep making other people rich, this is only the begining.

dhka

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The Experience Layer of the Decentralized Internet

And I am curious why do you think that way
Bitcoin is not free money for charity, it is a new innovation. If only you know ho to use it effectively then you might be ending your own poverty.
After you have a lot of money you could donate some of your wealth to charity Grin

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