Topic: Can Bitcoin Really End World Poverty? - page 37. (Read 10109 times)

No. Bitcoin will not be able to solve the problems of poverty. There have always been rich and poor, some try to live in luxury at the expense of others, and others can not get out of their problems. And so it will always be.

I don't think so, bitcoin is not so powerful. Poverty will always exist, that is the sad truth. Bitcoin and other cryptocurrencies can help some people to get better living and make some extra money but still this is not available to everyone and everyone is capable enough to use those opportunities.
I don't think there is cure for world poverty whatsoever.

Hi there bornil267645! Based on what is stated I think he is pointing out to end world poverty because the transaction cost of processing the payment using blockchain technology is way much more cheaper than the check or credit card verification and payment transaction processing. I can't even see the statement that said bring bitcoin could make earning rather than a cut cost in transactions. You could continue to read at page two to comprehend the whole story. Anyway, as I believe bitcoin could bring extra revenue to people but way far from lifting poverty in the whole world.  

 As for me, this is a purely philosophical question. As predicted in the bible, the rich will become richer, and poor people even poorer.

Bitcoin will maybe not make an end to world poverty, but it sure can help make things better if it is used with the purpose it was developed for: decentralized transactions cutting out the middlemen. Banks make millions of dollars as third party in our transactions. Skipping the third party can affect the earnings of the working man. Poor people could earn more, because they receive the payment that would go to the middleman. And there would be less poverty in the world.

Bitcoin can reduce poverty  because of the integrity of Blockchain. It free from fraud and it has timely transaction completion time. And also it accurate record keeping. So if it is possible for every economic facet of the world adopts blockchain tecnology then corruption will end and poverty will also reduce.

if it is so it does not matter that bitcoin will end poverty but back again to yourself is ready to face all that will happen in the present.
and with the presence of bitcoin it is still a lot of people who do not trust bitcoin and they will survive in poverty

This may have been mentioned once before, but Bitcoin is an asset. Just like any other asset, people need to invest in it first to reap future rewards. If the poor don't invest, they will just be left out. So no, Bitcoin won't end world poverty.

I don´t think so.

NO BTC can't humanity only can remove the poverty in this world ...

We can't say that bitcoin can end poverty but it may give you the opportunity of earning extra income because a lot of people are suffering on finding jobs so bitcoin can be a temporary alternative to earn profit just use it wisely to become more profitable.

It may or it may not. I have two answers with this, it may end poverty if all of us will donate some of our earnings to the needy. It may not because not all of us will give something, it would be better if we can give them the opportunity on how this business works (trading, investment, campaigns) - ways on how to earn however that will depend on them if they will grab it or not.

A large portion of world poverty can be illuminated by bitcoin. Many unemployed people involved them in bitcoin and started to earn money. For bitcoin they change their poverty level.

Bitcoin won't end world's poverty but it can minimize the world's poverty. You can help people who needs help by just giving them goods. Bitcoin is for all but it needs KNOWLEDGE. Many people become rich because bitcoin.

Bitcoin is not able to resolve the poverty but just to be able to reduce the unemployment. I think unemployment is a problem in every country even in developed countries. Many poor people caused due to laziness so even people who've been know about  bitcoin they still need to work for get profit.

I think this view somewhat exaggerated the role of bitcoin, Bitcoin is not a savior, poor people may not have access to bitcoin, and they have no money to invest in.

This thread is posted 2 years ago and its good that somebody has made it alive again. At this moment, bitcoin can't end world poverty. World poverty is like drug trafficking, it is very hard to stop. Maybe it can lessen the percentage of poor people but to completely remove is impossible for me.

Definitely one hundred percent my reply is no and never any object can solve the poverty problem.  Bitcoin or any other object can be and are useful in providing new jobs to so may people; providing new business opportunities of investment to gain higher rate of returns;  through this channel but this population will be just some percentage of the entire population of the world.  And for the people of this group  engaged in above  mentioned activities ; it is not certain that all may really be earning; there may be certain people who in the hurry of earning big profits may have to face big losses because of their foolish decisions.
Communism is based on the theory of equality among all and it was be big revolution in the world at some certain point time but we saw its fate; it was complete failure; it could do nothing.
It is human greed and as a result corruption which forces some people to grow very rich and other many are forced to live in poverty.  Greedy corrupt people eat away the share of others and so many people in the world are living in very bad; poor conditions.  Many people are dying without food and some corrupt are enjoying luxuries with the money earned by them in corrupt methods.
So to resolve the poverty of the world; man just needs to give up the greed to become richest or richer ; just Live and Let live only then the issue will get resolved; but it seems impossible.

I don't think so. Today Bitcoin is one of the expensive items in the world, the price value of Bitcoin is $11,600 USD at today, So a poor people don't have the capability to afford a Bitcoin, that's why Bitcoin could not use for eradicating poverty from the world.
I think Bitcoin works just opposite of your statement, I think Bitcoin will bring the more discrimination between the poor and wealthy people in the future.

why not? of course yes and its possible if anyone uses bitcoin and know how to make money on it like for example one uses bitcoin as a form of investment or in trading then he could possibly change his life and end his poverty because bitcoin is indeed a profitable coin as long as you know how to used it properly in the means of business oppurtunity and not just a regular currency. nothing is impossible to a  person that has a determination and dedication in order to change his destiny and bitcoin is only a tool to help his dreams come true.