This is one of my favorite topics to study. I think the Block chain does not in itself eradicate poverty, but creates a healthy and clean environment for honest human beings to enter the field and achieve social justice around the world. But we must not forget that just as bitcoin can eradicate poverty, it can cause chaos in the world if left unchecked, so governments better deal with it peacefully and avoid fighting the Block chain revolution.
I'm going to have to say that Bitcoin cannot eradicate poverty. If you live in a rich country such as I. You would think that there would be an easy solution to eradicating poverty.
That does not appear to be the case. There's been a really stunning amount of money thrown at the poor. Huge numbers of different ideas have been tried. And we still have people dragging around shopping carts full of junk.
So having money doesn't seem to help these people. They almost invariably wasted on things that will not help them have money long-term.
So to me making a poverty stricken person a millionaire simply means they will be poverty stricken shortly thereafter.