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Topic: Can Bitcoin Really End World Poverty? - page 51. (Read 10109 times)

full member
Activity: 196
Merit: 100
Hi
April 03, 2015, 12:15:34 PM
#7
I feel like the reduction of transactions fee are not enough to end world poverty. For bitcoin to even be useful for people in extreme poverty an internet connection must be available to everyone(or at least employer and merchants) so they can get paid as well as use it.
legendary
Activity: 2674
Merit: 2965
Terminated.
April 03, 2015, 12:04:32 PM
#6
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.
sr. member
Activity: 322
Merit: 250
April 03, 2015, 12:03:39 PM
#5
Is this the "try to relate two things that have nothing to do with each other" game? I know how to play too.

Can oranges make airplanes smarter?

Seriously. Bitcoin isn't god, it can't suddenly solve all of the world's problems, and it wasn't meant to in the first place.
sr. member
Activity: 288
Merit: 250
April 03, 2015, 12:01:55 PM
#4
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. But it could certainly give a sense of wealth stability to those owning it due to its deflationary nature.
hero member
Activity: 672
Merit: 502
April 03, 2015, 11:05:04 AM
#3
I think it might, not right now but maybe one day when it is fully accepted worldwide and we don't have to pay huge fees to banks and other financial institutions to keep/transfer our money from one place to the another.

Not saying it will magically solve world poverty but some people when they pay less for maintaining their funds, they might spend a little more on charities.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
April 03, 2015, 10:59:16 AM
#2
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.
sr. member
Activity: 406
Merit: 250
AltoCenter.com
April 03, 2015, 10:54:32 AM
#1
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/
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