Topic: LETS KICK OUT POVERTY USING BITCOIN - page 2. (Read 1366 times)
In many instances in poverty, you are not going to need to completely use the crypto ownership. Also if you want to recruit people that feel like using crypto towards things that influence the whole economics, and overall can observe the larger picture of interchange goods for cryptos. If you're the sole owner of a workspace, you will want to get cryptos for your services, might as well use such software as “Airtable”. Simply speaking cryptos can “deal” with poverty, and specifically for sole traders that does not need much set-up capital and would certainly need “cheap” way of processing payment and cryptos can provide that.
I agree with you that we should also use bitcoin to removed poverty in any country but I think it will be hard to be done because we still need more time to educate people about bitcoin I mean to explain to those people who's not yet involved in joining here.
I don't think crypto currency can actually solve the problem of poverty. It just means that we just need more money in people's faces to solve the problem. The problem is actually to many people vying for too less of resources. The ones who could afford these resources actually hordes it.
A lot of people engaging Bitcoin because they think that it is very profitable when comes the right time they kept holding on it just like keeping a piece of gold hoping that someday the price that they invested will be folded how many time of profit. But as of now still, the market was manipulated by big investors.
It's not a guarantee that bitcoin can eliminate proverty because you can be lucky or you can be a loser. And I agree with you that these big investors are the ones who manipulated bitcoin.
A lot of people engaging Bitcoin because they think that it is very profitable when comes the right time they kept holding on it just like keeping a piece of gold hoping that someday the price that they invested will be folded how many time of profit. But as of now still, the market was manipulated by big investors.
Bitcoin for those who understand can get them out of poverty, but bitcoin cannot completely eliminate poverty. And to overcome poverty more can be eliminated if the government provides employment.
Some people claim that Bitcoin will revolutionise the world of centralised systems and on the other side some people think that bitcoin is related to criminal activities. But what is it really about Bitcoin that has led all of us to pay attention to it? For decades we have been fighting for the alleviation of poverty but with the current financial system in order, it is a dream to make everyone feel inclusive especially the ones who have been ignored by the current banking system for a long time. It's time to let the people know that they have this revolutionary technology in their hands that could end their search for “how to alleviate poverty”?
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion
-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.
-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.
-Financial Exclusion
Financial institutes, specifically banks, at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.
The best part of bitcoin is that it doesn't stop anyone from utilizing it, like internet or a radio. It has no limitations to its implementation.
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion
-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.
-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.
-Financial Exclusion
Financial institutes, specifically banks, at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.
The best part of bitcoin is that it doesn't stop anyone from utilizing it, like internet or a radio. It has no limitations to its implementation.
Hello sir, we can't just wish for it to happen since the balance of the world will be ruined if all people in the world will be rich except for those people who are lazy enough.
The world is citcular it means their is a probability that this poor one will get into rich. It is because we cannotthe success if the person it is trying hard to give what will be right one for them. If you have strong personality and enjoy the give of bitcoin that leads you to success, well that would be easy to through.
I am very confident that Bitcon and Altcoin can bring personal economic changes, whoever it is. From the data I have learned, the majority of people have had a mindset from the start to make money, they really don't understand assets because they have been brainwashed by the government through higher education that does not reach their abilities, they are not even taught stock education in senior high school (other than developed countries)
What I'm stressing is that it's impossible to change their mindset unless the cycle starts again for the next generation. their children will bring great changes to rise from poverty if they are used to assets from an early age, especially crypto assets that are not too difficult to understand through the internet.
What I'm stressing is that it's impossible to change their mindset unless the cycle starts again for the next generation. their children will bring great changes to rise from poverty if they are used to assets from an early age, especially crypto assets that are not too difficult to understand through the internet.
Some people claim that Bitcoin will revolutionise the world of centralised systems and on the other side some people think that bitcoin is related to criminal activities. But what is it really about Bitcoin that has led all of us to pay attention to it? For decades we have been fighting for the alleviation of poverty but with the current financial system in order, it is a dream to make everyone feel inclusive especially the ones who have been ignored by the current banking system for a long time. It's time to let the people know that they have this revolutionary technology in their hands that could end their search for “how to alleviate poverty”?
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion
-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.
-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.
-Financial Exclusion
Financial institutes, specifically banks, at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.
The best part of bitcoin is that it doesn't stop anyone from utilizing it, like internet or a radio. It has no limitations to its implementation.
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion
-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.
-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.
-Financial Exclusion
Financial institutes, specifically banks, at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.
The best part of bitcoin is that it doesn't stop anyone from utilizing it, like internet or a radio. It has no limitations to its implementation.
Wonderful but now it is not as bright like you post above
Big amount of btc is in a hand of very few people
transaction cost is very high
bitcoin mining is using a lot of energy
In a time of global warming it is very bad
Price is very easy to manipulate
There is possible to corrupt with any kind of money
So that what you post above was bitcoin idea but there is not like that anymore
Bitcoin can be a way to stop poverty for lucky individuals, but not for all. People do not become poor suddenly. I met so many people whose families are wealthy. They mostly don't work and don't have a real job. If your dad is a rich man, you wast this money and become a poor, if he is not you earn and save for your children. Number of people who can break this cycle are no so much.
Truly poverty is one of the main problems of the different countries all over the world. Those people will overcome this problem if they start learning what is cryptocurrencies especially bitcoin. It will surely change their life.
If those who are on the verge of poverty do not want to do anything to rise higher, then no Bitcoin can fix this situation. In most cases, the problem lies in the person himself, laziness and the desire to get everything without effort will never make a person successful.
There are still drawbacks from investing or trying to earn from Bitcoin. Yes it has a chance to improve some individual's life but that is when they are earning from it. You see the drawback here is there is no guarantee that they will be earning from Bitcoin, even if it is new money pouring in their country it will only happen if they sold BTC at a higher price when they bought it. You still need to consider that this people below the poverty line lack education and crawling into a risky market like the crypto market is risky if they entered without knowledge of what they are trying to do.
Yes you are definitely right, BTC clearly does have no limitations, basically no one can stop you from what you are doing, and it is possible that with the work of BTC we can help and put a stop to POVERTY and help improve the economy of one's country, it is going to be a long-term and a hard task though, but with the help of the community, I am sure that we can surely reduce poverty.
I strongly believe in the ability of BItcoin and other Cryptocurrency to kick out poverty. This is a medium for people to switch from high-interest banks to a freeer way to handle their money, this is through cryptocurrency. If all people becomes educated on how it works, how we can trade using it or how can it be more convenient to transact with it, then sooner or later, people will start adapting the technology and leave the old form of money handling. Bitcoin can really be a way for us to breakout from the poverty line (doing bounties and getting paid for it is a first).
You people keep making it sound like bitcoin is some president, government or some god that will just come all the way down, dingle his magic wands and then voila, all poverty stricken people becomes rich all of a sudden.First and foremost, we have to understand that most poor people are even restricted as they do not even have enough to be able to get access to the internet, let alone, understand what bitcoin is. Secondly, we also have to understand that poverty is not something that would just be eradicated because everyone is using bitcoin, that has a lot to do with the economy, when it comes to people ready to do some things legally to be able to do well for themselves, so I do not see bitcoin as some magical being that would just breathe out for everyone to become rich as that even depends on adoption.
In my opinion, i think it is not that easy to kick out poverty by using Bitcoin. Though bitcoin opens to people a jobs but not all of them used bitcoin because not of them can afford to buy smartphone, laptop or even pay monthly bill for internet connection.
Organizations, Government and individuals having being trying to fight poverty with less result over years, It takes an individual to personally decide to liberate his or herself from poverty by grabbing the opportunities around. Bitcoin have open the door of wealth to the whole world, it is now left for those that are ready to say goodbye to poverty to embrace bitcoin. So many opportunities is embedded in bitcoin.
You right. almost all parties have tried to eliminate poverty. the government with its pro-people policies and provides assistance to the poor. but you are right if there is no individual willingness to change their financial condition. it's useless even though bitcoin comes even if they don't try to change it they will remain poorPoverty is just a state of the mind in some sense but at the same time, in some places, I believe there are people who are willing to want to do something, but they are kind of suppressed due to the way government has decided not to provide enough to help them achieve their aim.
Poverty is something that we cannot just kick out as there are so many factors to be considered when talking about eradication of poverty, and there is no way bitcoin just becomes the solution to that problem.
Bitcoin is indeed a good means of kicking out poverty if you will only believe on it and have the balls to take the risk investing on it. I believe that bitcoin can somehow change my way of living too and it is only a matter of time that when it rises back drastically like last year, then i can be rich already.
Someone already did that and we all know them because they were the first people to acquire bitcoin and we call them whales today. But anyway it's never been too late for someone if they just want to invest their money only for bitcoin and hold it for 2-5 years, i bet the price of that would get you to the top considering the money that you invested.
Bitcoin is indeed a good means of kicking out poverty if you will only believe on it and have the balls to take the risk investing on it. I believe that bitcoin can somehow change my way of living too and it is only a matter of time that when it rises back drastically like last year, then i can be rich already.
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but with high interest rates
The interest rates are not high.The banks charge fees for using their services.They make most of their income with fees and commissions.
Bitcoin can't stop hyperinflation or corruption.They are a part of the capitalist society.
Bitcoin can't replace banks,because the process of giving loans can't be 100% automated.
I couldn't agree more. Bitcoin is just a mere currency. It cannot really stop the poverty, corruption, and etc. In addition to that, cryptocurrency cannot replace banks for a reason that there are things that cryptocurrency cannot do that the banks can. The interest of people regarding this aren't that high so basicaaly it cannot be use as a way to kick out poverty. It is a world problem and cryptocurrency cannot do something to stop it.
Quote
but with high interest rates
The interest rates are not high.The banks charge fees for using their services.They make most of their income with fees and commissions.
Bitcoin can't stop hyperinflation or corruption.They are a part of the capitalist society.
Bitcoin can't replace banks,because the process of giving loans can't be 100% automated.
I couldn't agree more. Bitcoin is just a mere currency. It cannot really stop the poverty, corruption, and etc. In addition to that, cryptocurrency cannot replace banks for a reason that there are things that cryptocurrency cannot do that the banks can. The interest of people regarding this aren't that high so basicaaly it cannot be use as a way to kick out poverty. It is a world problem and cryptocurrency cannot do something to stop it.
afraid I have a different opinion, bitcoin is a multi platform trading commodity, it is the embodiment of intellectual property, it is only a currency now as this is the best way to trade it in our reality (if you believe in multiple) poverty and corruption come with power, as the banks have power they control it, bitcoin is designed to remove that power and hand it back to the masses, but more and more we "tie" it to the banks standard, this is counter-intuitive and will not last, your last point about bitcoin "cannot" do anything to stop poverty is with merit, but again its the people choice, not the banks, I have visited some 3rd world country's, and you will be surprised in their huts, having mobile phones and internet that way, its where we get our many scammers here, five bucks can feed their whole family for a month, I have helped build a well for clean water and paid for the trip with bitcoin, where as proper authorised charity's, just hand out bottled water that will last a few days, my gift is for life.
power corrupts, absolute power, corrupts absolutely.
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