Topic: Do you think Bitcoin can end poverty? In a nation today - page 11. (Read 1760 times)

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).

Poverty is a global and structural challenge. It's not right to blame particular people for making wrong decisions, not trying hard enough etc. because it's a fact that our world is build on privileges which some have and others don't, and some things are objectively much easier for some and harder for others with an equal amount of effort made. Poverty is becoming a big problem in my country specifically because we are currently at war, and unfortunately, I don't think Bitcoin can end poverty.
Bitcoin might help some people if they are not truly poor but can actually invest some money and then enjoy an improved quality of life, and maybe pension funds investing into Bitcoin could also help to elevate some people, but generally, poverty should be tackled from various angles and we must remember that the problem is not the lack of resources but the terrible mismanagement of them.
When some go hungry, plenty of food is getting thrown away because of not being bought by anyone or being bought and never eaten. When some are homeless, many houses remain empty with nobody living there, renting them or thinking of buying them. We need all sorts of practices to learn to share and redistribute sources. More importantly, we need a serious worldview shift from 'who doesn't work doesn't eat' to 'everyone deserves to have their most basic needs like basic food and having a safe place to sleep in covered because these are basic human rights'. Once we really get to agreeing on that, we can work on ensuring that everyone gets at least minimal resources and can put an end to poverty.

By knowing bitcoin and knowing how to trade crypto in my opinion one way to reduce poverty in a person. investing in crypto is not possible for everyone to believe in that, at least those of us who already know can make these investments as a substitute for saving money in the bank.
it's true that fluctuating values will make everyone anxious to invest there, but those of us who want life to change for the better like others by knowing Crypto need to try new things. without risk there will be no profit to be gained.

Poverty exist in all the countries and you cannot completely erase it from the country but having the opportunity to buy as an individual is a stepping stone in preventing poverty provided that it was bought when it was cheap. The problem now here is bitcoin has grown pass the point that I think poor person cannot buy, if a poor person have 1 bitcoin today, they will sell to settle their bills, so bitcoin at this point cannot eliminate poverty but can help get the rich get richer and they can also choose to use it against inflation as USD has lost it purchasing power according to Bloomberg.

That's because the poor do not have the power to repay unfair treatment from other people, especially the rich and can only accept it. They've worked hard but the rich get better results than them. But I'm sure that if poor people keep trying hard to change their lives, they can get what they want. And when they start to understand bitcoin and try to invest in bitcoin, they really have the opportunity to earn huge profits in the future. Everyone's opportunity is the same but it depends on each person's intentions and hard work to pursue what he wants.

Bitcoin can be an instrument for anyone to progress through the hardships of life, it just depends on you how you do it because I believe that every problem has a solution, we just need to find and find it.

      If you believe that Bitcoin will be an instrument, all you need is to learn about it and while you are studying you will be able to get the opportunity to get profit if you know the right process here. Just don't give up and really learn until you get it.

Bitcoin offers equal opportunity for all, where decentralization, accumulation.  Not just for the poor.  Bitcoin acts as the driving force of everything, meaning that if the poor make efforts, take advantage of opportunities to earn money, work hard and accumulate bitcoins, they can completely dream of a better life.  Contrary to the conditions they get from that effort in today's society, it's almost impossible.  YES - Bitcoin has complete credibility to make changes in the aspirations of the poor

Sometimes we have to thank for the poor people, the role of the poor is very big for life, almost everything we see is the work of the poor, good infrastructure, of course, those who work are the poor from start to finish, rich people just cut the tape, sometimes we wonder why poor people are always blamed for many things such as crime, traffic jams and so on.

Imagine if they did not exist and we were all wealthy. Who would be selling food on the streets? Our work force? our volunteers? They have big factors, but I think we want to end their struggle, like having food on a daily basis so they don't struggle on it, and also having a good house they can live in. It is always a balance to run the economy well, as without their presence there will be catastrophe for sure and collapse will happen.

I highly agree with that. You know even without crypto, you can only solve poverty if the government will provide opportunity those who are experiencing poverty. The thing about poverty is that some of those people who experience poverty, once they are given a relief they will no longer work for themselves and would depend on those benefits provided by the government. That's mostly the case and what I can see here in my country.

Saying that Bitcoin can solve poverty? No if we're talking about bitcoin alone, but if it we say change the way how they think about finance then there is a possibility that they will change their approach and ways to escape poverty, same as what we commonly here today about education. Education alone isn't the solution.

That's to say if Bitcoin is the only option for a poor man to escape poverty, the person will eventually die in that poverty because there will never be enough money to feed, much less a spare one that could be used as a form of investment. 

I necessarily don't think there can ever be a world that is fully poverty-free; there will always be poverty to some degree. The level could only be reduced, but it can't be eradicated no matter what means and how hard the government and the people try. 

Even if the country is as small as my village, the result will still be the same as what you have described. Bitcoin can't move a completely poor person or country out of poverty. 

Bitcoin can do a lot of positive things but ending poverty, I can't say yes but it depends on how small that nation is, but if you say end poverty using Bitcoin is like trying to stop something that's natural.
Poverty is like a disease in this world no matter how a particular country try to use any means to flush it off it won't go off, the only thing I see that can happen is that Bitcoin can develop the economic standard of a country. If you check properly you see that no matter how rich a country is they still have beggers and poor people around, so IMO Bitcoin can't...

Don't dream that the presence of bitcoin can overcome poverty, what we have to understand is poverty will always be anywhere and anytime, the presence of poor people is the reason we can eat, live at home and so on, if we want to buy groceries, of course the poor who planted, then the poor harvested, and the poor sold the crop.

I think bitcoin might be able to help but not entirely because there are so many factors of poverty both from within and outside the country itself.
If you really want to solve the problem of poverty, it should have been solved decades or hundreds of years ago, but poverty is always there???
that's the question now

Poverty is a strong word. To be profitable with bitcoin you need to invest in it and anyone below the poverty line who doesn't know where his next meal will come from can not possibly invest in bitcoin. Truly, bitcoin comes with a lot of opportunities to financial freedom but you still need to be able to invest.