Can Bitcoin Really End World Poverty? - page 3.

@oweljayr

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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/

That has been my thoughts in life since the very first time I understood what bitcoin can do to anyone who believes and got the knowledge of it. There are some people I know who were once having problem for as far as poverty is concerned that are now making lives easier because of bitcoin. With that, I intended to do the same.

TechnoBibble

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I think that bitcoin will not be able to solve the problem of poverty in the world. I think it is foolish to think that using bitcoin for the poor people there will be new income

Glutius

full member

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Bitcoin can reduce the number of unemployed, giving them additional earnings, but not eradicate this problem at all...

ballerin and giroud

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One can easily use bitcoin, they only need internet access and a hardware to access it (like smartphone or pc). Many people who already feel the economic change because of using bitcoin and it is not impossible that paved the way that bitcoin can end poverty in the world.

Monyero

newbie

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I think it's not just help that can end world poverty. I think bitcoin can reduce world poverty. With a high income in bitcoin, formerly poor people are now milyaders in no time. Does not that reduce the level of world poverty. It's been proven in my environment. The people who used to be poor now become rich because they work in bitcoin.

deepakg2m

copper member

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Not actually end world poverty but it can obviously reduce it . The reason ,I said it cannot end , is many people are still there who are not able to understand the technical things like cryptocurrency working.So first illiteracy should be eradicated.

Kola

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i dont think so, but, is will help with it, to change the modern financial world, coz bank do alot of dirty things now, so less power for banks, more freedom for ppl

Stromspirit

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I think it can happen, not now but it will happen one day when it is fully accepted worldwide and we do not have to pay enormous fees to banks and other financial institutions to keep / transfer our money from one place to another. but the new currency form will not solve the world problem when people who have the power to make changes can not or will not use that power.

Sniper150

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Quote from: Lauda on April 03, 2015, 12:04:32 PM

No. Bitcoin was never intended to end poverty. I dislike articles as this one.
The powers that can end poverty, aren't doing so. That's the problem. Don't expect Satoshi to be the savior of this world.

Yes, of course bitcoin has no connection in the poverty. The poverty is in our hands. Why is it there a poverty? It is because of the people, ourselves, if we all know how to survive our lives in poverty then there is no peoples are poor now. If they are enough knowledge to find money or ways to earn money, then they are maybe become rich now. Knowledge is important, if all people have enough knowledge, they know how to earn bitcoin also.

Netnox

legendary

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The primary reason for poverty is overpopulation. Unless we are going to solve it, poverty will remain on this planet. And I don't understand how Bitcoin can help dealing with over-population. It is just ridiculous.

kangbasir

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of course I think not only reduce poverty but also can help reduce unemployment now many successful people from bitcoin and even can already buy a house from bitcoin

bolbau

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wow an old post that is still relevant to discuss. instead of imagining the possibility of bitcoin to tackle world poverty, I prefer to judge from experience and what I feel. as a young man from a middle-income family, I feel that bitcoin is able to assist me in alleviating poverty in the family. and some of my close friends are also experiencing similar things, so I think if bitcoin continues to be developed, then it can be one way in eliminating world poverty.

butcherme

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No but it could be used to earn some money.
And the people needs a way to earn some money so they could use Bitcoin to earn in their free time so that they would have extra money and could start saving for their family.

Visteryy

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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 never put an end to poverty in the world. If Bitcoin can put an end to poverty, governments and the world will accept Bitcoin in 2009. Poor people will never know about Bitcoin because they do not have much money to buy Bitcoin

Spanopohlo

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Aim High! Bow Low!

It certainly can, as long as the Internet in every PC is Present. For all, unemployed and underemployed individuals in the world, they can start their own business with BTC, gaining enough to bring theirselves in line with the growing economy. It ends poverty as long as it still remains the same, where regulation, tax, scam and anything that has to do with the payment on every transaction are all gone.

xbiv2

full member

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Quote

Can Bitcoin Really End World Poverty?

Poor people preffer love to money
The only way to stop it - let em die

TIDOVEE

sr. member

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I dont think Bitcoin can end the world poverty.
It can go a long way in reducing the world economical stress, but not every one will be able to use bitcoin in this form. Considering the,old, very young, illiterate and villagers.

Farhan786

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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/

This is not possible. Because Bitcoin could not reach the world yet. More than half of my country's people do not know what is Bitcoin. They have no education. They do not have internet, there is no computer, how will they be enriched? Here they will work with it?So they do not have a knowledge of Bitcoin and they have no desire to get an extra income.

MFY151

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Quote from: Beliathon on April 03, 2015, 02:21:32 PM

Only collective human compassion can end world poverty.

I agree with this, it doesn't matter what currency or economic breakthrough there is as long as humans tend to focus on themselves and live and work selfishly then there will always be someone who will be left behind, someone deprived of something that others have in excess.

GeviraBrooks

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I am pretty sure that yes, not just poverty but totally change the way we see thing in our world, including love , wealth and others.

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