Why can't poverty be eradicated by giving everyone Bitcoins?

bitcoins only have any $$ value because people will buy them and trade them on an exchange.

the concept of money is to oblige a person to work or be submissive in order to survive.

is not about freedom or prosperity but scarcity and slavery

Everything is a lie now.

How can you trust anything?

The government could audit itself and say that their finances are solid.

The government could hire a private accounting firm to audit the books. Auditors that say government finances are good will be rewarded with a lucrative contract. Auditors that say government finances are poor will be threatened with arrest.

How can you be sure Bitcoin is backed by gold?

Can you trust the Euro if member countries don't obey the rules?

Is the gold market rigged? Would gold prices plunge if there is a way to make synthetic gold?

You could buy physical property like guns and real estate, but what about depreciation or deflation? Thieves and the government could steal property.

Not every one is that computer savy, doesn't matter how small you make the technology...or easy to use..

You would have to train them in how to access it, and they don't trust 'you', ie. that industry/group of entra' who see this as a solution...who always have a cut.

The old boys and savy young ones, understand cash...and assets...

Go bark up another tree...

C'mon, man...Why do you have to be so cheap?
I need 500,000 myself...I have needs.

This thread feels like illiterates fighting over who get to look at the newspaper next. Upside down, probably.

It is funny though.

That's a great idea OP. Why don't you buy all 21 Million Bitcoin and give 5 of them to everyone on the planet Earth?

I want this one stretched with the forklift and rope.

They should also give everyone 50 pounds of gold since it too is free. It's just a metal found in the earth.

Bitcoin is limited to a total of 21 million.

Already, about 20 to 25% of all mined BTC have been lost, for a variety of reasons, and can never be recovered.

The last BTC will be mined, around the year 2140.

At best, there will only ever be approx. 15 to 16 million BTC in existence, that can actually be used.

Each BTC is divisible into 100 million "Satoshis." [link to en.bitcoin.it (secure)]

That means there will only ever be about 1600 trillion Satoshis available, as currency units.

There is no profit in ending poverty. It's that simple.

The money pissed away in the wars over the last twenty years that didn't fix anything could have ended poverty in a few countries.

yea ill keep my 400BTC. Not giving shit to the FOMO crowd. shoulda coulda woulda

Hence one of the many reasons why OP's idea would not work.

Coinned man, I need a little more..I am special..I have a note from mom.

True, and how do you know after this coming crash the government won't create their own bitcoin and devalue the original? Ever heard of a one world currency? That is their plan when the current debt system implodes and I don't think it will be bitcoin, lol