LETS KICK OUT POVERTY USING BITCOIN - page 3.

Crafts12

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Quote from: davis196 on October 09, 2018, 07:34:39 AM

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.

Akpuv

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If we have to kick out poverty using bitcoin, then we have to make the bitcoin on its own accessible to the poor. But unfortunately, even those who have bitcoin today are the rich. More also, bitcoin may not be able to stop hyperinflation, it might even fuel it the more.

squall1066

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so what we need is a load of daytime T.V. pledges asking for bitcoin donations...... great, that's all I need.

supine

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Poverty is a nation wide problem, bitcoin will never be a solution for this. Even though bitcoin or cryptocurrency can provide someone a good opportunity to earn, it will never be a solution. There are a lot of reasons for poverty, economic crisis, lack of jobs and opportunities, education and a lot more.

santino11

full member

Activity: 448

Merit: 103

No! this is not possible!
KICKOUT THE POVERTY with bitcoin?
how can this happen if there is many people who dont have the computer and internet?
How can they survive poverty if they dont have money to have the gadget?
How can we encourage people to do it if they dont have the courage?

St4yInTh3D4rk

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Activity: 686

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"STAY IN THE DARK"

I am not sure how bitcoin is going to end the poverty of this world because it is also currency so no one is going to give it for free which makes the people who is going to earn the bitcoin will be much richer and the people who have less salaried and no bitcoins on hold will be same as before because they are struggling to survive their life now so how they will invest on bitcoins.

Marlo0619

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🚀🚀 ATHERO.IO 🚀🚀

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.

Veerashanka

newbie

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Quote from: project_delta on October 09, 2018, 05:47:55 AM

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.

Ahimoth

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Quote from: Naughty Princess on November 08, 2018, 05:53:59 AM

Quote from: brooklynian on November 01, 2018, 07:21:12 PM

Stepping out of poverty is a decision of the person involved. All we can do is to create awareness as often as possible but the decision cannot be made for anyone. The best you can do for yourself is to take action now and stop doubting.

I agree. People have different point of view in life. It is depend on a person how they are willing to leave poverty. It is decided by a person if he is willing to know about bitcoin because there is a way to live with financial freedom when you work hard and learn how it works. Bitcoin can be a way to stop poverty, it just us who will accept it and apply on out living. We have to utilize bitcoin well in this matter.

The only one that can kick out the poverty is people who involve to it, if that person is willing to get earn by using Bitcoin then surely they do anything but since some of them have no interest we can assure that we can totally remove the poverty but we can lessen it. Also its depend to someone if they willing to get out from poverty then they will find way but if not then they do nothing.

Naughty Princess

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Quote from: brooklynian on November 01, 2018, 07:21:12 PM

Stepping out of poverty is a decision of the person involved. All we can do is to create awareness as often as possible but the decision cannot be made for anyone. The best you can do for yourself is to take action now and stop doubting.

I agree. People have different point of view in life. It is depend on a person how they are willing to leave poverty. It is decided by a person if he is willing to know about bitcoin because there is a way to live with financial freedom when you work hard and learn how it works. Bitcoin can be a way to stop poverty, it just us who will accept it and apply on out living. We have to utilize bitcoin well in this matter.

Pumapipa

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Activity: 462

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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).

Panchum

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Be Good to me!

Quote from: project_delta on October 09, 2018, 05:47:55 AM

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.

Yes l believe bitcoin will kick out poverty in this world.If the pump of bitcoin price starts now and continuously increase the price the world wil wipe out poverty through bitcoin.

deppil

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Quote from: pat4cryptoreal on November 03, 2018, 11:11:31 AM

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 poor

Renampun

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I'm not sure Bitcoin can eliminate poverty, because poverty is like destiny and only people who want to work hard, have a different mindset and are intelligent who can change it. so I think Bitcoin will be difficult to help reduce poverty..

coinluisa

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Well we kick out the poverty using bitcoin but we need to help our self too and also we need to understand what is bitcoins and how to manage it. And it true bitcoin will be big help to people but hopefully some of people use it to good thing.

Roukawa

member

Activity: 546

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We won't kick poverty amd corruption using bitcoin only. Remember, there are always a problem that will arise once we solve the problems. Bitcoin can lessen poverty because it is decentralize and the government does not uphold their citizen. Maybe, in the future corrupt officials will be detected of their illegal activities. That might be the solution when bitcoin take back the way.

Daseento

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Activity: 206

Merit: 2

I honestly don't see how Bitcoin solves poverty problem directly. Bitcoin is essentially another form of paying and even being limited in supply means it's being held by few influential people (bulk of it). Therefore, I don't see how it directly relate to helping the poor or easing their burden. Please enlighten me.

Betwrong

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I stand with Ukraine.

Quote from: project_delta on October 09, 2018, 05:47:55 AM

~
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.

If by "utilizing" you mean buying Bitcoin and then using it, I think poor people don't have money for that. Normally they are living paycheck to paycheck having no spare money at all, barely able to buy the articles of daily necessity. Even if they knew that most probably Bitcoin will rise 10 times in price in the next two months, most of them wouldn't be able to find enough money to invest in BTC so that the profit from 10 times rising was of any significance. Investing is simply not an option for poor people. But I agree with you that Bitcoin can help at least some of them. What they need is they should try to earn Bitcoin and this very forum provides many of such opportunities.

JohnBitCo

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Quote from: Femhab on November 03, 2018, 07:01:28 AM

To some extent cryptocurrency will provide a form of living for some people and at the see time too much of it can cause inflation as anybody can have his/her currency supported by shit use case. BTC is good at theoment because it has touched some peoples life due to its volatility but what happens when there's no more volatility to BTC? When no more profit is gotten from trading or investing in utility coins?

Bitcoin can improve the overall economy of the poor countries but always remember, its just a currency. People have to develop skills in order to change their way of living and alone crypto cannot be much helpful.

Michael_Cox

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Quote from: aoluain on October 09, 2018, 06:18:30 PM

So if we focus on the thread title "lets kick out poverty using bitcoin" i would
Love to know how exactly this is going to happen because i cant see it?

Those with lots and lots of FIAT can potentially have lots and lots of crypto.
How are those with very limited resources ever going to aquire a notable
amount of bitcoin?

This. Plus, even without using bitcoin to "kick out poverty", those who have lots and lots of fiat could have done something about it. Why don't they help the poor? And you're right. If you're barely scraping by every single day, how exactly are you going to be able to afford a single bitcoin? Unless some rich-ass person would donate a coin to you, it's impossible that this will ever happen.

Topic: LETS KICK OUT POVERTY USING BITCOIN - page 3. (Read 1366 times)