Quote from: squidiot438 on January 10, 2018, 09:46:55 AM

Bitcoin does create jobs, but does it help solve poverty in poor countries? I don't think so, and I think this is what matters the most.

It does, it creates efficiencies through the Blockchain. It brings in fault tolerance to the supply chain and efficiency gains do add GDP.
Seeing Bitcoin by itself, it's easy to miss the point to realize it's an ecosystem of monetized ideas, a microcosm of the larger economic system it lives in.

Poverty is an idea, that can be monetized out and this is something the Blockchain does very well.
As people start to create predictive markets with this technology, we will begin to be able to bet on our future, not just as a species but on an individual level as well.
All this simply from having massive decentralized markets.

The total value of our lives could be put on credit ahead of time, because it's probable total quality of life can be known economically.
With that initial investment from zero, they would be able to bet on the probability of any given outcome to a measurable monetary vector.
This will be facilitated once the Blockchain begins to manage all Supply Chain Operations globally, the exact value of the economy at any given point in time can be measured, and bet against.

I can imagine that people would have millions of these investments at any given time, intentionally predicting all global values, based on the quality of their information and their capacity to understand it.

As an example, picture this:
There is economic value in walking, running, jumping, etc to a certain extent our health lowers public healthcare costs, if this can be measured it can be monetized.
There is value in exploring ones environment, it opens people up to new experiences, this is a measurable value that can be bet on. There is also value in performance, achieving over-leveled gains for the economy, this can add value. People could be paid to maintain their health, because it is a economic benefit.
Now there are always people who don't have the time to exercise that are without a doubt going to create a public healthcare bill and very likely have sluggish performance; That's perfectly fine with precise blockchain markets it's possible to bet on their healthcare bill and the rise in profits for the healthcare sector with a put option for the government bill. And if that's not enough with the blockchain model we can outsource our exercise to the poorest in the world with a bet on the rise on their quality of life. Thanks to Artificial Intelligence and Telemetry we can go even further, equiping gyms, sport facilities with total camera coverage, so the AI can watch you exercise and measure the economic value of every exercise you do, with cryptography and time stamping we can know exactly when you exercised and the quality of every rep.

The power of the blockchain is that it creates global feedback loops that anyone in the world can act upon. In the normal business model only activities which are beneficial to the Organization, Business, Corporation, etc are evaluated, at global level that sort of economic feedback does not exist. At a social level by binding a monetary system to a measurable socially important activity or idea it is possible to create Global Social Contracts. A memorandum of understanding among all people based on mutual respect, hard data, analytics, and shared values.

The most powerful part is that all these markets are currently at zero... we are all still at the beginning.