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Topic: Can Bitcoin Really End World Poverty? - page 43. (Read 10109 times)

hero member
Activity: 1274
Merit: 516
July 17, 2016, 08:40:43 PM
It can help some people from poverty, some people has earn their living from bitcoin, eventhough it cant help a lot but it certainly has save some people from poverty or least it help some people economic condition become better
legendary
Activity: 2156
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You lead and I'll watch you walk away.
July 17, 2016, 08:30:39 PM
I hear it cures cancer too.
legendary
Activity: 1904
Merit: 1000
July 17, 2016, 08:03:41 PM
Bitcoin can not end poverty. Bitcoin is simply a means of payment the same as other currencies. Only the government, employers and the poor people itself who can put an end to poverty that wrapped around them.
hero member
Activity: 1302
Merit: 577
avatar and signature space for rent !!!
July 17, 2016, 07:13:58 PM
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/
No bitcoin will not end proverty  but it will help to minimize proverty for the people of the community willing to help, theres some country Still  not reaching new technology and don't even know what is bitcoin and how to use it before it will help more  need to introduce bitcoin to every country who don't have idea how it will help.
legendary
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Join the world-leading crypto sportsbook NOW!
July 17, 2016, 12:44:34 PM
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 agree. Many people have access to the Internet and can earn real money working for Signature campaigns
legendary
Activity: 1148
Merit: 1048
July 06, 2016, 04:56:00 PM
No bitcoin by itself can't end world poverty. It can be a useful tool when distance - internet jobs get quite common. In other words internet may help people make some money with btc being the tool. Although ,that would be far in the future.

+1

Bitcoin is more of a tool to facilitate change. With easier money remittance, we can move wealth around the globe faster and cheaper, eliminating the middleman Smiley easier for workers to send money back home, people can work in remote markets but still provide support to geographically distant dependants.Greed is the reason for poverty; until human nature changes, we will always fight things like this as a society. Think of it as growing pains Grin
legendary
Activity: 1806
Merit: 1024
July 06, 2016, 04:54:16 PM
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.

I don't think that Bitcoin will change much in regard to world poverty. The system certainly wasn't invented for this socialist dreamland. The intention behind Bitcoin was to end the fiat and banking regime by delivering a sound and decentralized kind of money.

Poverty is not caused by the properties of money alone. It's the access to resources like safety, education, and health that is unevenly distributed. An important, yet often overlooked factor for poverty in the Western World is the tendency of most people to live beyond their means: Overspending. Only few people have the ability to handle their resources in an economical way by being willing to delay gratifying (and costly) experiences. Excessive consumerism is a significant reason for poverty in the industrialized countries.

Bitcoin won't redistribute resources or change habits. However by providing a sound form of money, Bitcoin will make it a bit easier for those who are determined to improve their financial situation via saving.

ya.ya.yo!
newbie
Activity: 35
Merit: 0
July 06, 2016, 04:37:45 PM
No bitcoin by itself can't end world poverty. It can be a useful tool when distance - internet jobs get quite common. In other words internet may help people make some money with btc being the tool. Although ,that would be far in the future.
sr. member
Activity: 447
Merit: 250
July 06, 2016, 03:55:18 PM
No, people always want to do nothing and get a lot of money for free, this type of people will always suffer of money insufficiency. Any currency can't do this.
you are surely correct about it, in my opinion people like to not work and get the money for free, in my opinion if a lot of people are holding bitcoins in order to get money but i think that it is possible to end world poverty with bitcoins
sr. member
Activity: 378
Merit: 251
July 06, 2016, 02:57:07 PM
No, people always want to do nothing and get a lot of money for free, this type of people will always suffer of money insufficiency. Any currency can't do this.
legendary
Activity: 854
Merit: 1000
July 06, 2016, 02:39:59 PM
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/
Wish it were true but it is not that easy.Only bitcoin can't eradict poverty.Lack od education,skills and good health is also responsible for poverty
hero member
Activity: 1120
Merit: 507
July 06, 2016, 02:22:57 PM
Not now. There are still many people who are not owning a higher technology not even a smartphone. But in a few years there will be a lot more, since kids now can access one and know how to use it.
Maybe that era will be the one starting to get something out of bitcoin to avoid being poor.

Well said, there are lot still who can't even afford a smart phone as well don't have much knowledge about digital currencies. For this reason its really hard to end world poverty with bitcoin or other digital currency.
I think it is currently impossible for bitcoins to really end World poverty. I get that many people are not able to afford the smart devices and most of
them are unaware of the digital currencies. But this question talks about the change in monetary value and distribution of bitcoins among people. I believe bitcoins can make life easier but not sure about poverty.
I think that it can never happen. Bitcoins can never end world poverty. The poor people are going to remain poor. They have to make their own share of the property and get rich. But the only chance is they may become rich if their earning in bitcoins and by saving it for long term.
hero member
Activity: 700
Merit: 500
July 06, 2016, 09:43:55 AM
Bitcoin won't end world poverty, just because it is a system that allows for inexpensive transactions anywhere doesn't mean the infrastructure to help people gain access to it or use it exists as well. And how would Bitcoin end world poverty? Unless there are a lot of charities that spring up because of Bitcoin, there is next to no way that the poorer people of the world just suddenly get money.

It might make it easier to pay people, but it doesn't just suddenly end world poverty.
It is an matter of uncertainty because poverty deals to those who don't have access to any internet connection and how in
heaven are they going to know about bitcoin and how it is possible for Bitcoin to end world poverty if it is used properly
and wisely. It maybe but the richer will always find a way to dominate the poor.
So, it would not be wise to say that bitcoin would end the world poverty.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
July 05, 2016, 10:36:38 PM
If you ask me it's possibly yes but it always depend on people if they want to accept bitcoin to their life because if they can, then bitcoin will help them to make more money than what can they make as of now. This kind of opportunity that is always open to anyone can really end poverty if government will support bitcoin and introduce it to their countrymen.
legendary
Activity: 1470
Merit: 1001
July 05, 2016, 03:47:17 PM
No, i don't think that bitcoin will end world poverty, but bitcoin has good thinks, for example it could help the unbanked people (people that banks don't want as a costumers). Unbanked could have its bitcoin wallet and use it as a bank account to pay and receive payments.
hero member
Activity: 630
Merit: 500
July 05, 2016, 03:13:56 PM
Nope, it will help reduce it as it will allow those in poverty more options to spend and earn.
legendary
Activity: 1554
Merit: 1054
July 05, 2016, 03:09:44 PM
For poverty to be eradicated 100% it would take more than a new currency, you would need to convince rich people that they can't be that rich, because there aren't enough resources in the world and if we want not a single person to be poor, we have to raise the average global standard of living, that only means the top richest people have to lower their lifestyle, and good look with that unfortunately, they are psychopaths.
That's impossible as rich want to become richer and they can do that by stamping over poor people and exploiting them. If the Government can stop taxing all products and income for poor people and give them at least that relief, then we could think about poverty being reduced. Bitcoins does help us to escape from taxes but we too are taxed for food, household products and so on.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
July 05, 2016, 03:04:04 PM
I'm not sure where this idea comes from? Bitcoin is "fair" money, but it is not a tool to undo socioeconomic stratification. Sure, over time it could be part of a strategy to pull yourself out of poverty. You are able to circumvent the games and traps in fiat systems with bitcoin. However, it is mostly like all other money. You will have to work or produce goods if you want to earn money.
full member
Activity: 238
Merit: 100
July 05, 2016, 02:46:44 PM
I dont think its possible.I dont found any connection with ending world poverty.Bitcoin is also a money and its not easy to earn bitcoins like a normal currency.Plus for earning any small satoshi people need to have a good internet connection and a loptop or computer.I dont think poor people have access to these things as well
full member
Activity: 224
Merit: 100
July 05, 2016, 11:57:30 AM
Can Bitcoin Really End World Poverty?, this means that if one uses bitcoin then he is going to be rich. Actually, just like the other currencies, one needs to work hard to earn bitcoins. People have hyped bitcoin on the internet to the extent that you will think bitcoin is easy to get and that it will make you rich. Those are just hallucinations that will not stand the taste of the day. For any case, dealing in bitcoins has made people poor due to the fluctuating prices.
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