Can Bitcoin Really End World Poverty? - page 17.

WatchMaker

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Quote from: Hazir on April 03, 2015, 10:59:16 AM

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/

The short and only answer is no, bitcoin will not help to solve world poverty problem. Why? Because economical systems, regulations and laws are not the problem here. Humans are. People are so corrupt and flawed that they do not care about making this world a better place, they just care about themselves. That is why we will never have world without poverty, wars and terrorism. Bitcoin is nice tool but it is people who will be using it. That is the problem.

Absolutely, I also don't really the bitcoin will end the world poverty because the bitcoin is not free after all. People have to work for it to earn it and because of that, not everybody is skillful enough to work for bitcoin to earn it. And sometimes we forget bitcoin breaks people heart as much as it's making others rich. Bitcoin is not a win, win game all the time.

abutingting

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It could be if Bitcoin will be accepted globally. Also, if all nationals are aware on how Bitcoin works and do a lot of help on their lives mostly if all them will invest and participate in any action that could help Bitcoin be known up to its most progressive point. Somehow, it is also quite impossible because poverty in some other parts of the world is rampant and worst as some could not even think of it at first because they strive food to feed on their mouth.

DoublerHunter

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Quote from: xamxam on March 19, 2018, 02:22:22 AM

I think if all people know how to earn bitcoin especially the one that poor people maybe they end the poverty, but if those who only the rich people is those who are know about bitcoin maybe they have no reason to end the poverty if they don't know how to earn bitcoin.

It will be difficult for the poor people to just end the world's poverty because we all know that poverty is so huge and bitcoin only got a 21 million supply and it is not enough for all the people to have a chance to own at least 1 bitcoin and with that being said, it will be hard also for the people who are under the poverty line to get into bitcoin because they need a decent devices and also a good internet connection.

jordan1989

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It could be for people who understand the technology and want to write bitcoin, the problem is, not everyone understands technology let alone how to make money with technology. not even a few people who do not believe in bitcoin.

bajingluncat

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poor thing is relatively dose in every country, poverty is directly proportional to the low education and knowledge of technology, if so how can btc end poverty in the world, I would agree that btc can now make the social gap higher, if you agree btc can end poverty try to explain to me the logic where because in my opinion btc is not a mantra that can change the world in a short time, but if it is a dream hopefully someday there is a system that supports btc can be made a means to end poverty so I really dream it

xamxam

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I think if all people know how to earn bitcoin especially the one that poor people maybe they end the poverty, but if those who only the rich people is those who are know about bitcoin maybe they have no reason to end the poverty if they don't know how to earn bitcoin.

happness2

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Is this a joke?
How can poverty change due to Bitcoin? This world cannot be completely fair. There will certainly be a gap between the rich and the poor. It is as if there are natural diseases and healthy people. It is simply not possible. So it is up to you to change poverty.

altercreed

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Quote from: Bacotan Bae on March 19, 2018, 12:05:29 AM

If it is legal to all countries then I am sure that bitcoin can be the best solution for poverty, but unfortunately many countries do not care about it so they prefer a long process to overcome poverty.

One hindrance that keep these countries low economic status is that the deprivation of accessing the internet. How come they can do cryptocurrency if they can't access the cyberspace? Cryptocurrency would not end world poverty but would somehow a great help for these countries to alleviate poverty.

mkcube

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Yes it can wnd up world poverty if all the people uses bitcoin.Bitcoin is the currency of the future.Bitcoins really help usto make it happen but we should spread the word bitcoin across thw whole wide world.

henry1997

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may mean William Blair about tackling poverty through bitcoin and blockchain fields.

which is now the world has many who know bitcoin and use bitcoin to transact in the digital world or in the real world. it is now a modern day that all have used INTERNET in all fields or have been computerized.

where many opportunities to open a business through the Internet system or practically ONLINE BUSINESS all have been applied and simplify the community.

probably now the era of digital coins through the bitcoin currency the public can generate by selling its products online can pay with digital currency bitcoin then he invest in cryptocurrency savings in blockchain. the possibility at any time bitcoin price is fairly spelled out flucative or can not be predicted but because of the trend of digital currency is able to continue in the pump with the support of several countries and the major investment in the world of cryptocurrency so this great profit opportunities he can sell products can be money and can get more than profit before his.

MidKnight

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It would not but I know that it could improve the equality in terms of financial. With the help of bitcoin, we could track if that the tax we paid would be really used to help those needy for education and infastractures. Politicians will get caught easily if they trick the blockchain system.

FRJ

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The Worlds Most Advanced Distributed Computer

It is really hard to say whether Bitcoin can overcome the world poverty, but it really works through Bitcoin, millions of poor boys have found their jobs today, which is why they are benefitted greatly by bitcoin, but it is true that if the bitcoin is the legitimacy of each country's government AnnouncemenIf Bitcoin can achieve many successes, I believe that Bitcoin may one day be able to overcome the world's poverty,

Bacotan Bae

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If it is legal to all countries then I am sure that bitcoin can be the best solution for poverty, but unfortunately many countries do not care about it so they prefer a long process to overcome poverty.

Budugbass

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Quote from: Mishael on March 18, 2018, 11:42:48 PM

I think that possibility is fifty-fifty. first, it is true to gain profit. secondly, there is no guarantee of success. third, if there is buble and broke, someone will lose even poor

And anyhow the characteristic of crypto especially bitcoin is had characteristic that can be said less certain from time to time, the risks can certainly be experienced. Well but however.. I think for people who really intend to remain in the crypto world and have extensive knowledge.. it can be overcome, anyhow a various ways to make a profit already was available.

Rishabh riyz

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I don't think bitcoins can end poverty I mean they would not be able to use it if we give them some bitcoins , because they are not educated enough to operate and use the blockchain crypto currency.
Education is something that can end poverty not bitcoins.

Mishael

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I think that possibility is fifty-fifty. first, it is true to gain profit. secondly, there is no guarantee of success. third, if there is buble and broke, someone will lose even poor

UAE Seasider

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No financial instrument can end world poverty that is a plain simple fact. Poverty is a tool used by governments and mega-corporations to drive profits by creating sweatshop cheap labour in other countries that works for pennies on products that sell for hundreds of $. We would need a total change of our attitudes to human worth, corporate greed and consumerism if we want to make any changes at all in the poorest countries.

gernoto

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its not an easy thing to end poverty in this world, even bitcoin doesn't have any thing to end the poverty. To end the poverty it will need the will of the peoples. People who has a great income from bitcoin could help poor peoples and who ever poor people who has willing to learn bitcoin and they capable in it then they would earn a good living.

imking

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Quote from: kaizerblitz on March 09, 2018, 08:38:18 PM

Yes, ofcourse bitcoin could changed the world by giving a charity project to the poor and a asset to give hope those people that have a povelty living.

No, it does not end world poverty with the help of the bitcoin. Bitcoin helps us on the financial opportunity for those people especially in a country where the bitcoin is not prohibited, but then unfortunately not all person or nation has the chance to take this because of some limited capitals to start investing on the bitcoin and most especially lack internet connections or modern technology.

Jerzzz

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for me the answer is no, it will not end poverty. if everyone knows how to use and how to earn bitcoin maybe can help poverty but not totally end up. bitcoin is usefull for those people who can afford to pay bills for internet connection., people that has the knowledge of crypto the new technology can use it. not everyone knows about bitcoins specially those who live in remote areas.

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