Do you think Bitcoin can end poverty? In a nation today - page 6.

Dalib

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Quote from: laurenB7742 on April 23, 2023, 10:29:20 AM

Quote from: Aanuoluwatofunmi on April 21, 2023, 10:59:41 AM

Quote from: Black susano on March 17, 2023, 10:13:20 AM

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In general, we can conclude that bitcoin has helped lives in many ways such as employability, financial freedom, income profitability and many other opportunities it has come to offer us all, many of the youths seek this financial freedom to invest in bitcoin and make profits from it over years since the banks can't give them this when they hodl their money in it, but bitcoin makes a good opportunity over years when you hodl your investment asset in it, El-Savador has been enjoying this same benefit ever since bitcoin adoption in the country and same applies to everyone all over the world the beeds a change in their financial economy with bitcoin.

After all, bitcoin is just an asset like any other, it gives you wealth or not is up to you, not bitcoin, so it cannot help alleviate poverty. What you say is only a positive side and those who have been successful with it, and those who invest in it but lose even lose everything because of investing in the wrong method, I don't see what you mentioned.
To eradicate poverty in a country, we need jobs and appropriate policies from the government to improve people's living standards, not just investing in bitcoin to alleviate poverty.

I agree with your comment that eradicating poverty in a country requires more than just investing in bitcoin. While bitcoin and other cryptocurrencies can provide opportunities for wealth creation, they are not a solution to poverty on their own. Creating jobs and implementing appropriate policies to improve people's living standards are crucial steps towards reducing poverty in a country.

It is important to note that investing in bitcoin or any other asset carries risks, and it is not a guaranteed way to alleviate poverty. People should be aware of the risks involved and invest wisely, using proper research and analysis to make informed decisions.

laurenB7742

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Quote from: Aanuoluwatofunmi on April 21, 2023, 10:59:41 AM

Quote from: Black susano on March 17, 2023, 10:13:20 AM

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In general, we can conclude that bitcoin has helped lives in many ways such as employability, financial freedom, income profitability and many other opportunities it has come to offer us all, many of the youths seek this financial freedom to invest in bitcoin and make profits from it over years since the banks can't give them this when they hodl their money in it, but bitcoin makes a good opportunity over years when you hodl your investment asset in it, El-Savador has been enjoying this same benefit ever since bitcoin adoption in the country and same applies to everyone all over the world the beeds a change in their financial economy with bitcoin.

After all, bitcoin is just an asset like any other, it gives you wealth or not is up to you, not bitcoin, so it cannot help alleviate poverty. What you say is only a positive side and those who have been successful with it, and those who invest in it but lose even lose everything because of investing in the wrong method, I don't see what you mentioned.
To eradicate poverty in a country, we need jobs and appropriate policies from the government to improve people's living standards, not just investing in bitcoin to alleviate poverty.

WillyAp

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Quote from: cydrix on April 21, 2023, 11:38:34 AM

Nope. Bitcoin won't provide a reliable source of revenue to end poverty. Poverty will disappear if a corrupt administration is overthrown and replaced with one that can make the best use of the nation's resources and labor force.

You are to be blame for that what I am try to say here is one can manage is can Bitcoin help people lever poverty because the rate of poor is getting larger
But somepeople are to be blame for been poor because lack of think and buy of thing that those make means

You weren't asked. My question went to @cydrix

stomachgrowls

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Quote from: gunhell16 on April 21, 2023, 04:46:46 PM

You know there are many options that can end the poverty we are facing. Because Bitcoin doesn't exist yet or hasn't been discovered yet, poverty is already there. The problem of poverty is experienced all over the world.

Now, at this time bitcoin already exists in the industry we are facing today, it can be a tool to fight the poverty we are facing today, this is if you know how to do it because if not it can also be a reason for you to sink even more in poverty.

Neither it had been discovered nor existed or not it doesnt really be able to solve out poverty.This had been a long time global problem which is something that couldnt really be solved out no matter what.
Bitcoins is a digital currency and not something that could solve out poverty in overall, yes it could help out some individuals on making their lives bit more better but only to those people
who are really that knowledgeable when it comes to things around.This is why its not really that something we should believed into our mind and also its not a tool
or solution in the first place because it wasnt meant to be on that way.

gunhell16

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You know there are many options that can end the poverty we are facing. Because Bitcoin doesn't exist yet or hasn't been discovered yet, poverty is already there. The problem of poverty is experienced all over the world.

Now, at this time bitcoin already exists in the industry we are facing today, it can be a tool to fight the poverty we are facing today, this is if you know how to do it because if not it can also be a reason for you to sink even more in poverty.

Smartvirus

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Quote from: Black susano on March 17, 2023, 10:13:20 AM

Bitcoin is a currency though not like every other currecy out there but, first it is a currency and if you've got it then you've got it. If you don't, you look forward to buying some. Let's not forget, should money count as some of your measure of wealth, you've first got to earn it before your status is scaled and when you don't have enough to invest with, your exactly where you've always been.

Talking bout poverty, it takes time for pumps to happen and the poor barely have enough to set aside for any long term investment, its always about getting enough to feed often. Though, one could always try and better themselves through bitcoin but, it takes you to save you.

DevilSlayer

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It cannot end the poverty why did I say so? Because poverty is a state of mind, it is a state of mind that can be inherited from your family and from your friend. Even though bitcoin help a lot of people in terms of opportunities around us it cannot end the poverty. And also there is no medicine to end the poverty in the world because the balance of the world will be broken and there will be a chaos not only in the economy but in our society.
I said that because if you want to overcome poverty, the first thing that you should do is to change your state of mind and you can do it by changing your attitude. Bitcoin can change our life but our mental framework is the real key if we want to have a better life.

summonerrk

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Quote from: Black susano on March 17, 2023, 10:13:20 AM

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin is a truly powerful tool.
The country where I live has a low standard of living, such as in some African countries. And I have all cash flows controlled by banks. I can't even send money to my parents, because of the closure of all intermediary organizations that send money. But thanks to Bitcoin and Binance, I can easily send money anywhere in the world. At the same time, contests, retro drops and the like allow you to get a good bonus to my salary.
It turns out that Satoshi's brilliant idea has come true - we are free in terms of a distributed registry, blockchain.

WillyAp

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Quote from: cydrix on April 21, 2023, 11:38:34 AM

Nope. Bitcoin won't provide a reliable source of revenue to end poverty. Poverty will disappear if a corrupt administration is overthrown and replaced with one that can make the best use of the nation's resources and labor force.

Well if I'm poor and get 10 000 $ a month but waste those on whores and Drugs??

Who is to blame according to your believe?
No system explains and points the finger on poverty causes.

Cryptomultiplier

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Poverty is a problem of the mindset, not money. Wherein one has the knowledge on how to invest the money to yield profit, then that person cannot be said to be of a poverty standard.
When an individual has alot of Bitcoin and knows what to do with it, he or she cannot be poor, but without adherence to security protocol and accessing of risk of managing or investing such Bitcoin to yield profit, the problem of poverty will continue to loom.
Bitcoin can reduce poverty of individuals can be taught or mentored on how to mine, trade and invest its resources properly to the maximum benefit.

YOSHIE

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Quote from: Black susano on March 17, 2023, 10:13:20 AM

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In my understanding Bitcoin and poverty are two different things, Bitcoin is generally used by people as a form of investment, trading and so on, while poverty has various factors.

Talking about overcoming poverty, in essence: everyone, whether he is rich or poor, if they think a little how to train investing and learn about crypto/Bitcoin, of course the possibility of poverty can be limited and vice versa.

In general, I've seen people come to Bitcoin for the purpose of investing to free themselves financially, when they have the opportunity, understanding, anti-anxiety, learning the true meaning of Bitcoin/Crypto, what's more now that Bitcoin is widely known by the world community, if one's goal is to invest I think things can be done to overcome poverty, of course there are many ways that can be done with crypto.

However, for ordinary people who want to overcome poverty basically learn and understand the bad side of crypto/Bitcoin it is also very important including fraud and so on, so as not to be misguided, the aim of overcoming poverty, instead what happens is getting poorer, that's not good.

cydrix

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Nope. Bitcoin won't provide a reliable source of revenue to end poverty. Poverty will disappear if a corrupt administration is overthrown and replaced with one that can make the best use of the nation's resources and labor force. The uneven distribution of wealth in the nation is the source of poverty. Many individuals in underdeveloped countries continue to live in poverty while working hard every day, and this is mostly because a small number of people control the nation's wealth.

WillyAp

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Quote from: barisbilgili on April 21, 2023, 10:15:10 AM

risk with the possibility that it is very worth it. being rich or poor is a choice, and in Bitcoin we can get both depending on the way or path we take.
investing in Bitcoin without proper calculations and knowledge will make a person poor, but vice versa.

You are think bi polar. There is more than just rich and poor. There are hundreds of different levels.

You want to leave poverty, learn to save up. But to do that you need a safe place to store.That is where wallets play a role.

GigaBit

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Quote from: DainSLane on March 17, 2023, 11:06:42 AM

Quote from: Black susano on March 17, 2023, 10:13:20 AM

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Hi, poverty is a complex issue that requires a multi-faceted approach to address. While Bitcoin may have some benefits in helping individuals control their investments and increase their savings, it is not a panacea for poverty eradication. It's important to continue to work towards creating sustainable and inclusive growth through various initiatives and policies to address poverty at the national level.

To remove the poverty of a country, the people and the government of that country should take various poverty alleviation measures together. Alleviating national poverty is a difficult task. But Bitcoin can play an important role in this perspective. This is why it is necessary to raise social awareness of Bitcoin first. If it seems acceptable considering its positive and negative aspects, then it may be important to take action by investing in this platform. If the investor has suitable investment environment then he can invest otherwise I don't want to encourage him. Because of the volatility of this platform, one may has to hold one's investment for a long time.

Aanuoluwatofunmi

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Quote from: Black susano on March 17, 2023, 10:13:20 AM

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In general, we can conclude that bitcoin has helped lives in many ways such as employability, financial freedom, income profitability and many other opportunities it has come to offer us all, many of the youths seek this financial freedom to invest in bitcoin and make profits from it over years since the banks can't give them this when they hodl their money in it, but bitcoin makes a good opportunity over years when you hodl your investment asset in it, El-Savador has been enjoying this same benefit ever since bitcoin adoption in the country and same applies to everyone all over the world the beeds a change in their financial economy with bitcoin.

barisbilgili

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Quote from: DiMarxist on April 20, 2023, 06:04:20 PM

Bitcoin can make you to become millionaires and also can make you to become a poorest person, if you understand have the basic knowledge of bitcoin invest, and focus on the investment you will be such as giving individuals more control over their investments and savings know the risks involved. And if the person is not into crypto don't even understand Bitcoin investments, you just fall into bitcoin investment because of some certain stories or random project of bitcoin, you will lost the money that you use to invest, and stop investing, became poor, investing in bitcoin is risk.

risk with the possibility that it is very worth it. being rich or poor is a choice, and in Bitcoin we can get both depending on the way or path we take.
investing in Bitcoin without proper calculations and knowledge will make a person poor, but vice versa.

I think there are many possibilities to be able to make a lot of money from Bitcoin but it all comes back to yourself in finding the money.
I have known many people who have risen from poverty after knowing Bitcoin and I have also seen people fall into poverty because they know Bitcoin.
so it all comes back to itself, anything is possible.

WillyAp

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Quote from: Black susano on March 17, 2023, 10:13:20 AM

For me proverty is not the problem of a person but of the whole nation

Poverty is quite personal. Once you manage to put a few bucks aside, manage to have a austerious lifestyle, you can invest, make more, invest more..

Grasper

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Money generally makes you live at best where you find yourself, you should picture bitcoin as money. The way it goes round can have a good implication in an economy but the economy must do what should to attract more of it. Be it bitcoin or real money, they could have impact in an economy since they worth a value. Except for the bitcoin decentralization that will not make it addable sometimes.

DiMarxist

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Bitcoin can make you to become millionaires and also can make you to become a poorest person, if you understand have the basic knowledge of bitcoin invest, and focus on the investment you will be such as giving individuals more control over their investments and savings know the risks involved. And if the person is not into crypto don't even understand Bitcoin investments, you just fall into bitcoin investment because of some certain stories or random project of bitcoin, you will lost the money that you use to invest, and stop investing, became poor, investing in bitcoin is risk.

AnonBitCoiner

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Yes there is no doubt that bitcoin has overcome the poverty and one who have not any sort of money to make Investment in Bitcoin cannot try this technology to end poverty. I think those who cannot afford it should save some amount of money regularly from their savings and then they can easily make investment.

Some people are still unaware of the bitcoin investment and large population are from villages areas. Poverty will only ends when there will be equal opportunities to both poor and wealthy people because poor people don't have wide varieties of options to manage their sum of money so wealthy people become more wealthy and poor remains with their similar status.

Topic: Do you think Bitcoin can end poverty? In a nation today - page 6. (Read 1760 times)