Topic: Can crytocurrency reduce Global Poverty ? - page 5. (Read 747 times)
Eradication of poverty is beyond technology evolution. To reduce the poverty suffered around the globe governments need to take initiative to educate the people. To me bitcoin is a way to provide an solution for the growing population, but poverty cannot be reduced by this. For this only education can make people get rid of poverty.
Cryptocurrency is reducing the world poverty already, employment opportunities has come off crypto for a number of people, there are those who entirely depend on crypto related activities for their day to survival which has led to self sustainability,or life improvement
This could have been and are very likely to occur. but to get to that stage sure need enough good support too from the various parties. Crypto was something big and have the power to fix the crisis in all kinds of fields. but many have doubted this so will certainly still be underestimated and not nothing.
in my opinion, crypto currency cannot reduce global poverty in the countries that are left behind. Crypto investment is carried out by individuals, not by the state. So, how do you reduce poverty with this crypto currency?
Global poverty comes the accumulation for weak national economies, since the bitcoin d other cryptos are used in making a unified global economy commanded by the demand and supply that would really help the global economies increase in value-destroying global poverty
I think does not change the problem of poverty, because encryption essentially just money market has changed the traditional way of capital allocation, to achieve the secondary distribution of wealth, but money does not increase.
In theory, poverty can be eliminated. The key is to look at personal capabilities. In fact, this is a technological revolution after all. This is a global project. But not everyone can make money. I think that profit may be only a small part.
Cryptocurrencies definitely have a lot of potential. They can do many things for the betterment of society.
e.g., I came across the ICO of blockgrain.io
They already have a working product for agri industry and are leveraging blockchain to reach to the next stage. If this goes well, then they will help to reduce a lot of wastage in agriculture produce which will ultimately reduce food prices and will put more food in the market
e.g., I came across the ICO of blockgrain.io
They already have a working product for agri industry and are leveraging blockchain to reach to the next stage. If this goes well, then they will help to reduce a lot of wastage in agriculture produce which will ultimately reduce food prices and will put more food in the market
We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?
which I know is likely to reduce global poverty and so I am sure many people can invest in cryptocurrency to benefit because many people who say cryptocurrency can improve your life and finances because in cryptocurrency many promising and good potential altcoin
Most definitely. Cryptocurrency has been my source of income in recent years. So, I'm really grateful for its existence. It has definitely reduced poverty, only if one knows how to utilize it wisely.
We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?
Cryptocurrency is really a benificial to a third world country because people are having the opportunity to earn money in crypto by joining bounty campaigns , most of the people needs to have extra income since their salary did not meet the standard economically , so they need to have extra income .
I believe it can, bacause of the affect of bitcoin 
Bitcoin can earn every prson who has an access to internet and english language knowing, so
Bitcoin can earn every prson who has an access to internet and english language knowing, so 
Although the causes of terrible poverty are diverse and complex, the modern push for centralization in each sector has contributed to the concentration of power and wealth in certain elites.
The blockchain innovations in the field of digital identity, "smart" contracts and the possibility of lending without intermediaries with very little overhead are potentially capable of making an incredible financial revolution in the world's poorest countries.
The blockchain innovations in the field of digital identity, "smart" contracts and the possibility of lending without intermediaries with very little overhead are potentially capable of making an incredible financial revolution in the world's poorest countries.
I think it is possible to reduce poverty by introducing blockchain in their system and cryptocurrency can also play big role eliminating poverty.
Not all countries in the world have accepted cryptocurrencies. Some also do not know much about it. Cryptocurrency can reduce poverty in some countries but not globally. Perhaps as technology and digitalization increases in few years, it can then deal with global poverty.
No, it is impossible because you try solve economic problems with financial instruments. To solve similar problems we have to use macro and micro economic instruments. I mean that bitcoin will not build new houses and good roads because bitcoin is a financial asset and crypto technologies are just technologies which are more applied in financial sphere.
Crypto technologies are a new instrument which may be applied in economics but not more.
Crypto technologies are a new instrument which may be applied in economics but not more.
Of course crypto will help anyone, rich or poor, from a developing country or even a poor country, because anyone can be a crypto mania, let alone someone who has computer skills. Because the crypto world is still very open to anyone, but somehow until then but we have to think logically, because I think crypto currency will soon dominate the global economy.
Inasmuch as those parts have internet facilities, i believe they too can benefit from blockchain and cryptocurrency. We do not benefit from blockchan in monetary terms alone. There are situations where blockchain can be used to store data, such as in medicine and that can be used tpo foster easier treatment of diseases.
Sad to say but I agree. Only the guy who has a stable internet connection, some level of English language, and other things can belong to crypto and live off from it.
don't know about the Global Poverty, but be best part of crytocurrency is it's making everything trunsparent alot. this transparency will help us alot to got get cheated and it will help us to save our asccet in every single way. 
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