Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin Really End World Poverty?
by
Wyne
on 25/04/2018, 12:53:55 UTC
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/
Poverty is a multifaceted issue that every country hope to end. It is multifaceted in nature because it covers not only the deprivation of financial/economic but also social and political aspect of an individual or group of individuals.  Government launches different programs to deal poverty but still many people are the slave of it.  Upon the introduction of cryptocurrencies, it is no doubt that many poor people who are open-minded and believes cryptocurrencies elevates their life status.   This is because the possible income a person can get from engagin in crypto is more than enought to sustain his daily needs. This is the reason why bitcoin is a ray of hope for the poor people to reach their dreams of having a better life.

But considering the fact that aside from having proper knowledge and understanding about cryptocurrencies, pior to engaging in crypto, a person must have at least android phone, net book or laptop or computers with internet connections. Unfortunately, not all people can afford to have this.  So, bitcoin might reduce poverty but it cannot end poverty as a whole.