Can Bitcoin Really End World Poverty?

[chayskie04]

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

[DJ_BREEN]

It depends on the situation my friend,but the only problem is if the poor people didnt know how to use and earn bitcoin i mean if they are not educated about this digital technology they remain poor aside those educted already i think their life  change.

[Redhead5]

It cannot really end the world poverty but it could help minimize the jobless people of such country by adapting it in a knowledgeable way. Because we cannot get earn through bitcoin if we have no enough knowledge to manipulate it.

[Miftakhul]

I think too bitcoin will end poverty in the world, but depending on the conditions how ..

[fulled]

Its imposible, bitcoin only can be a future world currency, bitcoin cannot change poor to become rich with the technology they bring

[jacqueline]

hmp.. it depends on the person (not all are educated) if you know how to use/earn and how to handle the bitcoin maybe (not impossible) if all people are wise to use it, maybe nothing is suffering from poverty or using bitcoin will not end poverty but it can help each other's income

[marcsymons]

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

Bitcoin cannot end the world poverty but making the percentage to reduce it also a huge help. Reducing the unemployment in every country will already a big help because the unemployment is the most common problem of every nation in which if the people now have their own source of income then it will make the purchasing power of the people to become strong making every trading around the world alive and strong too.

[Davidniam55]

if in my opinion it might be gan. the proof is now many people unemployed. can work and invest in bitcoin gan. even my own if I had the advantage that more usually I set aside partly for the poor

[Nur sarimbit]

if the end of world poverty I still can not to predict it. but clearly many people who belong to their economic life since investing in bitcoin. especially in the area where I live .

[sugarchrisp]

No I really don't think it can end poverty, not bitcoin specifically.  It's just a means to have decentralized transactions between people.  It certainly helps people maintain their money I suppose, rather than having it in the banking industry, but it wont magically make poor people more wealthy on it's own.   

Now, blockchain technology in general, yes I think that could end world poverty, among other things.  The applications are limitless, and incorruptible.  I honestly can't wait till voting is done through blockchain, I'm sure there are tons of projects in the works just for that alone. 

[victorianomojica]

I don't think that Bitcoin can end of the world poverty but making the percentage to reduce it also a huge can help. All people are knows to use it, maybe nothing is suffering, using bitcoin will not end poverty but it can help each other's financial.

[Markjay11]

Yes I think because based on today how many people believe in bitcoin what can be done for the future but I think it depends on what the situation people can do with bitcoin such as use for business or use for crimine.

[emma.lee1890]

Can bitcoin really do anything to solve world poverty problem? Brian Singer certainly think so. He thinks that Bitcoin can bring minimum everyday earning for people more swiftly than any other economy system.

Is it possible?

http://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/

It is impossible for the world to eliminate poverty altogether, because no one can help people all over the world to become completely rich, so Bitcoin is impossible. Of course, technology can help everyone in the world to live and work, so that they can use good resources to earn income, but in the end it makes you rich people themselves.

[altery0518]

No , because there are still many people out there that are not interested in bitcoin investment.

[altcoingamer]

I don't really think so because like in traditional markets, most bitcoin is owned by a very select few, and its even more tilted towards the wealthy owning practically everything.  Addressing poverty requires wealth distribution, and all mechanisms and systems everywhere lead to the rich getting richer, and the middle class becoming poorer.  With systems like AI and super computing coming in, billions of people will be out of work in the next 25 years due to automation.. some standard level of income will be required for the poverty rate to not even skyrocket more.  Simply put, poverty is a wealth distribution issue, not a type of currency issue.