Can Bitcoin Really End World Poverty? - page 44.

Bitcoininspace

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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/

It can definately balance it out more than it is now, in my opinion.

aaf-18

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Poverty is more to do with man's greed and bitcoin is very much part that

asriloni

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Quote from: Hugroll on July 05, 2016, 10:44:17 AM

i guess if bitcoin can do something that other currencies cant do. send small amounts of earnings to many multiple workers in one transactions. where bank would require fees. but this would require the poor to have access to the internet to claim the btc. that i dont see happening.

if that's the case, giving all of workers direct cash would solving the problem better than using bitcoin,using bitcoin in small amount is sure only disadvantage will you get,everything need fees,especially when you're going to load a card,exchange your bitcoin,or even sending it

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Quote from: ObscureBean on July 05, 2016, 10:24:18 AM

Absolutely no way Bitcoin could ever end world poverty, I don't think people understand why/how money works. Money is inextricably linked to human desires. As long as there is a single human out there desiring something, anything, no matter how small or trivial, extreme poverty must exist.

Agree and what is the relation of bitcoin in bitcoin poverty? I believe bitcoin is only a tool and the one that will end the poverty would be government's role.

Yakamoto

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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.

Hugroll

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i guess if bitcoin can do something that other currencies cant do. send small amounts of earnings to many multiple workers in one transactions. where bank would require fees. but this would require the poor to have access to the internet to claim the btc. that i dont see happening.

akogwapo14

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Quote from: ObscureBean on July 05, 2016, 10:24:18 AM

Absolutely no way Bitcoin could ever end world poverty, I don't think people understand why/how money works. Money is inextricably linked to human desires. As long as there is a single human out there desiring something, anything, no matter how small or trivial, extreme poverty must exist.

I agree many country is poor and don't know how to had bitcoin so how it will helps property their ?? And the popularity of bitcoin is not all in the world in other country bitcoin is not exist or they don't know what is bitcoin is . it will not helpfull to them need to educate it first to all country teach what is bitcoin is and how it will be helpful for them to have it.

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Absolutely no way Bitcoin could ever end world poverty, I don't think people understand why/how money works. Money is inextricably linked to human desires. As long as there is a single human out there desiring something, anything, no matter how small or trivial, extreme poverty must exist.

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No. Bitcoin can't end world poverty but it certainly can make a tech savy guy richer. However, if you talk about making payments, then definitely bitcoin can transfer funds from one place to another place faster but that is not going to end world poverty.

Because such kind of payment facilitator was present from a long time in the world like paypal, perferctmoney etc. But they did not help poor people. This way just by facilitating payment, bitcoin can't end world poverty.

asriloni

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bitcoin have nothing to do with world poverty,people need money to get bitcoin and poor people don't have money so simply they won't owning bitcoin,if just a little of bitcoin they can afford but not with few of bitcoins,if they could,means they weren't in poverty at all,so the conclusion bitcoin can't end world poverty

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Quote from: romero121 on July 04, 2016, 05:00:19 AM

Quote from: danherbias07 on July 04, 2016, 03:39:28 AM

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.

davis196

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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/

All the really poor people in the third world don`t even have a computer.

The really poor people can`t even write and read.How can they earn bitcoins?It`s impossible.

Bitcoin has nothing to do with the world poverty.Poor people need more education and work.

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Quote from: thejaytiesto on July 05, 2016, 06:38:00 AM

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.

Poverty will never end. There will always be an imbalance in terms of wealth distribution. That's the reality of life. But there are ways to lessen poverty and many philantrophists like Bill Gates donate huge amounts regularly to help those in need have hope for a better future.

vero

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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'm not sure that bitcoin can help poverty reduction in the future, if that true the price of bitcoin will be very high in the future and would be difficult to get a free bitcoin as now.

thejaytiesto

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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.

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Quote from: romero121 on July 04, 2016, 05:00:19 AM

Quote from: danherbias07 on July 04, 2016, 03:39:28 AM

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.

True, but if the people in the village with a smartphone have access to this new tech it will increase commerce and bring more people up to that level.

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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 would say nothing can end worlds povery,except big banks,millionaires etc shares profit with poor but not through charity,but real share : 100% gets to the poor.
Charity is a bullshit,in most cases 50-70% gets to the owners of it... i prefer to help ppl myself,not send money somewhere like a blind child lol

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Quote from: danherbias07 on July 04, 2016, 03:39:28 AM

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.

rphk

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may not be true completely because still many Country and people in the world should get familiar with bitcoin and legalize it first and then Dependency with economy and growth , Bitcoin should give more job , many financial company should use bitcoin as main currency , but it will take more time i believe.

danherbias07

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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.

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