Topic: Do you think Bitcoin can end poverty? In a nation today - page 10. (Read 1674 times)

People who work in restaurants, construction sites, foods that you are eating, and everything else you can think of where people that are poor are involved is like they are part of the work force, which is why there should be a balance between poor and rich people. But again, I only want to end the struggle of those poor people, like having problems with food, shelter, and their needs, which makes me sad. That is why whenever we can help them, let's help as it has a big impact on them.

I strongly believe in the power of change that might comes in through bitcoin since it's a digital currency that has brought in do many opportunities then why should we limit the extent to which it can go in making life better, we gave to give it a chance and not only that, it also requires time in other to be trusted as not been one of the ponzi schemes, bitcoin is a game changer entirely and things were already changing for good from how we handles our finances.

Everything that is done to overcome poverty will certainly fail, we must realize that the life of this world will always present poor people, if you are rich then you should be grateful because all the things you need are provided by the poor, if there are no poor people then your money will be useless.

According to what you said, it can be seen that bitcoin is a tool to help us, and whether we earn money to get out of poverty is up to us, not bitcoin.

Don't forget the bitcoin market is a financial market, which means there will be winners and losers, when you win, and someone else loses. So bitcoin cannot help alleviate poverty, what bitcoin can do is give us an opportunity. Whether we can take advantage or not is the ability of each person.

I don't think it's aimed at alleviating poverty, but the existence of bitcoin can provide opportunities for people to get out of poverty, including me, at least after knowing that bitcoin can help the family's economy, by doing bounty hunting, trading and investing. although sometimes I don't get money every month, but when there is bullish I will sell it and divide my money for several purposes, starting from other business capital, personal enjoyment, and preparing to invest again after the bearish occurs

Investing in Bitcoin is just an opportunity that could help to improve our living and yes, it could create an impact on the economic system of the country. But honestly, this is not enough to end poverty in a particular country, not even in the locality because whether we like it or not, not all have the interest to invest, and many rejected this opportunity. Those who see the benefits and profit that they get from Bitcoin will certainly have the courage to take risks while others just leave and ignore it.

Bitcoin can truly end poverty in a nation today. On the other hand, it can create poverty for some people in a nation also. This will only happen to those who approached bitcoin in the wrong direction. That is: they want quick money and failed to learn or understand how bitcoin investment is been processed. It will eradicate poverty for those who understood that bitcoin investment is a long-term investment, and with the little they have they invested in it. Those who have understood bitcoin years back and invested in it long ago are rich now. But for those who want quick money and can't wait for a longer period to enjoy their investment are the poor ones in bitcoin investment aspect.

Indirectly Bitcoin will not be able to get someone out of poverty. because when someone is in poverty of course even someone will find it difficult to invest in Bitcoin. because he will probably focus more on meeting his daily needs to survive every day. I understand how it feels to be hungry. because I've experienced it for a moment in my life. when I went bankrupt.

and based on what I experience so that we can get out of poverty is starting from growing self-confidence, preparing a strong mentality, working harder, taking more action rather than thinking too much without acting much, take every opportunity that comes, always set it aside little money to collect as capital, always think out of the box, build more relationships, and stay strong and don't show weakness. because people will avoid us more if we look weak so it will be difficult for us to build relationships. associate more with people who are successful and hard working. keep learning throughout life's journey and continue to develop whatever skills we can learn.

after we have enough capital, have mature skills, and have built a lot of relationships. then we can start building a business even from a small business. Many relationships will make it easier to grow our business faster. and after the business is running then maybe we can only invest in bitcoin. by setting aside any money we make. little by little. I have also accumulated bitcoins little by little and now I have almost reached my accumulation target even though it took years. and like if Bitcoin came back to ATH then I can say that's where Bitcoin might have brought me to a better stage of life. maybe not very rich. but at least my assets will grow many times.

True, poverty will always exist as long as there is life, sometimes life is indeed better filled with poor people, because when a poor person works to make ends meet, it is different from a rich person who is usually relaxed and feels that the wealth he has makes him arrogant .

You are asking the question from a slightly narrow point of view as we say in our local language.  There is no single element capable of changing the poverty situation or the level of poverty. Noting that in countries called poor countries, there is a group of wealthy people who represent a very small percentage of the people.
These poor nations can be identified not only through economic indicators, but also through the value of their local currencies in the global financial market.
Poorest Countries in the World 2023

Bitcoin can't end poverty, people can do it and Bitcoin can help, in the end, it's a tool. How can Bitcoin help, well it's definitely better than banks... I will just drop it here (interesting reading): Here’s the pro-bitcoin, anti-bank argument advanced by a former Coinbase executive that’s making waves!

Simply, the fiat system is corrupted. And it can't be fixed, it's too much corruption on all levels. With crypto and transparency, if we can hope for that, things can get better eventually. Of course, if people use it how it should be used?

By the way, I am reading some good things about El Salvador... looks like crypto adoption is doing some good for them over there.

Bitcoin has been a solution to poverty by some, but not everyone will be as lucky as the people who got their lives turned upside down for the better. As with investing, there are losers and there are winners, and there are also those who can't do anything but sit and watch as those who could gamble play their cards because they themselves couldn't pay up to play the game. With its limited supply, not everyone will be able to turn a profit if the whole planet does decide to use bitcoin tomorrow. The price will stabilise and while some people will lose their hard-earned trading money, some will also gain.

I consider people who was able to become rich through bitcoin alone as isolated cases of RNGsus choosing the kid who'll get all the figgy pudding. Not everyone will be as lucky as them, and I think that's alright.

I think bitcoin can solve some problems in this world, but unfortunately not all. Unfortunately, there will always be poverty, with or without bitcoin. Sure, all people who invest in bitcoin in time can benefit from it, but whether bitcoin is really able to end poverty through it, I just can't imagine. But if it does happen and bitcoin ends poverty, I would be very happy because poverty is a global problem that needs to be fixed. 

Except the people themselves ate will to change their situation to the better, otherwise don't expect government to invest in btc just to alleviate the poverty in a country when they are not ready to recognise it.
Any poor person who is smart and brave enough to buy btc has changed his/her life.

That's the thing, it is equal for everyone and doesn't go up or so just for the rich, and can't be printed by anyone. So it is limited and you would always have some of it, doesn't matter what the price is, you will always be partners of it. That type of decentralizations and equality gives it a chance to keep making regular people like us have a chance.

Normally, fiat world is not like that, if the rich doesn't have enough wealth gap between us and them, they just print more money and get themselves richer, and ask the government to protect them while we get screwed along the process, that doesn't exists in the bitcoin world which makes it the best currency in the world.

If they managed to invest in Bitcoin though they are not loaded with lots of money if they are lucky then it will end their poverty but jf only earn enough profit then it won't end but if a person earn profit most of the time then that person can start their own small business untill their situation is okay. That's on one person though and the others are still in poverty.

I wonder how bitcoin has helped the poor by increasing their savings. I know there are levels to being poor but I don't think anyone that is poor in my country has a browsing-enabled phone or device not to talk of money to invest in bitcoin. Poor people barely have enough to cater to the basic need of life.

[quote author=Charles-Tim

Bitcoin helped, that is true, but it helps those that invested in it.
Bitcoin can neither end poverty nor alleviate poverty in a Nation. El Salvador Bitcoin experiment,$375million spent and $60 million lost(the first country to recognize bitcoin as legal tender). Also you can  invest in Bitcoin and still run at loss. Due to global crypto crash in 2022 Changpeng Zhao lost his investment on bitcoin

There are many factors that cause poverty to spread even around the world, ranging from their own individuals to policies that are not well targeted. It is no longer the duty of individuals or certain elements to at least reduce poverty, but it is the duty of everyone to help reduce poverty.
Bitcoin can reduce poverty, but it will not eliminate it, because eliminating it would be a nearly impossible task.

I see that lately in my country there are lots of channels of aid that are not on target, I mean there are people who can be said to be well off getting help but people who are more difficult than them just don't get it. From things like this, we already know what makes poverty so difficult to reduce.

In my opinion, Bitcoin is not capable of eliminating the cause of poverty in one country (or group of countries). 

Bitcoin is a very effective tool for redistributing capital from the rich people of the old formation to the people of the 21st century (people who value progress, technology and innovation).  When Satoshi Nakamoto invented Bitcoin, he knew in advance that if the first cryptocurrency succeeded, the most courageous, risky and educated people who could understand the work of this new technology and correctly assess its potential would receive wealth. 

Satoshi Nakamoto did not set out to build a just social society....

Bitcoin is decentralized and very convenient money (no more, no less).