Topic: Cryptocurrency to feed the poor? - page 3. (Read 2234 times)
Jobs are the most important
I do not think that you need to constantly feed the poor. It is necessary to create jobs where they can earn their own food and other necessary things for a normal existence.
In many countries even if you work then it's not a guarantee that you do not live in poverty. In developed countries people over a few days can earn more money than in poor countries people earn in a month. Bitcoin eliminates this bias, but it is still too weak to change the situation. 
I do not think that you need to constantly feed the poor. It is necessary to create jobs where they can earn their own food and other necessary things for a normal existence.
The poor can participate in bunty campaigns from ICOs
It was already done indirectly via bitcoin in a form of donations to create wells and food supply in Africa. I heard that from the Joe Rogan Experience podcast, Joe himself donated some bitcoin.
Crypto would be a good medium for charitable works though i don't think there's a lot of focus on that yet. Cryptocurrencies hasn't yet reached its full use and is still at an early stage so it's probably going to start building itself first and other businesses before we can go look to doing charitable works wiith it.
You can feed just a part of them, but that's not a solution for poverty. They need to be prepared for a job or at least giving them the opportunity to work if they want to.
You are absolutely right. Handouts are not a permanent solution. What the poor needs is jobs. Agriculture is not a solution, since the availability of farmland is quite limited. So, they need to be trained for various blue collar jobs in order to earn a living.
You can feed just a part of them, but that's not a solution for poverty. They need to be prepared for a job or at least giving them the opportunity to work if they want to.
erradicated the poverty is imposible, there can´t be jobs for to many people or the structure to have everybody to feed properlñy in the streets, thats why some people start the ONG to help people around the world
You can feed just a part of them, but that's not a solution for poverty. They need to be prepared for a job or at least giving them the opportunity to work if they want to.
Crypto currency is the same money as everyone else and they also need to earn. They can not end poverty all over the world, but those who have earned enough can donate to charity who need financial support.
Most charities are almost outright scams, unfortunately. I would never give to a charity without being 1000% sure that they are going to do something that is productive, sustainable and scalable with the money.Those who have earned a lot are better off thinking about what they can create that would give people opportunities to sort their own lives out.
The only handouts that can work are by government entities in the forms of a basic income. Something that would ensure that everybody has at least some living space, food and internet. That way everybody could focus on whatever it is that they want to excel at. Private entities do not have enough money for those kinds of hand outs though, it simply doesn't exist.
That said, I still think that basic incomes are inevitable and I'm looking forward to them, even if I won't need them when they're out.
There have been several charities that are bitcoin based and are equally doing fine but the issue is, you don't end poverty by giving people food and cloth because they will still need it tomorrow and become dependent on you forever rather bitcoin charities should focus in empowerment where an industry is created to meet the needs of people with funds generated from bitcoin and they be employed to earn a living. Gradually, we end poverty through that.
Crypto currency is the same money as everyone else and they also need to earn. They can not end poverty all over the world, but those who have earned enough can donate to charity who need financial support.
I dont think cryptocurrency could end world poverty. People use cryptocurrency for their own personal needs, they are too caught up with the stuff that they want to buy. People dont see that, with their income they could help the poor. Heck even without crypto, billionares could have ended poverty long ago.
Nobody can solve poverty by just throwing around hand-outs.The total global money supply (M2) is roughly 70 Trillion. This means that if we equally divide the money up amongst all 7,5 Billion people on earth, each would get a laughable $9333.33 USD. That's absolutely nothing.
Within a few years at best the money will be distributed in roughly the same way as it is now again. This is simply because most people don't understand how to ration their resources. And even fewer understand how to make use of their resources to increase their possessions.
The top 1% are the top 1% for a reason and not all of them are corrupt or morally depraved degenerates. While some of them just got lucky, most of them actually thought quite hard about how to increase their wealth, while the rest is just blindly consuming and living day-to-day.
The only way to end world poverty is by teaching people how to sustain themselves and how to grow their skillsets. Presents will do nobody any good for any substantial amount of time.
I dont think cryptocurrency could end world poverty. People use cryptocurrency for their own personal needs, they are too caught up with the stuff that they want to buy. People dont see that, with their income they could help the poor. Heck even without crypto, billionares could have ended poverty long ago.
People don't see how feeding the poor can generate something positive to society, they don't care about it. It's sad and at the same time real.
The poor needs good jobs first. Free handouts (in the form of food or money) will do more harm than good. The government must make sure that enough jobs are created, so that the poor will be able to sustain themselves.
People don't see how feeding the poor can generate something positive to society, they don't care about it. It's sad and at the same time real.
I don't think that just feeding the poor will really do much. Somebody needs to set up a kind of system where the poor can learn to feed themselves while still having time to learn about something that they could use to create benefits to society. Of course, this would need funding, but just throwing money or food at people will not solve any problems and only give people an ego-boost in the short term.Wasn't there a story about teaching a hungry man how to fish instead of just giving him one? Basically that, except upscaled is what is sensible and needed in poor places.
People don't see how feeding the poor can generate something positive to society, they don't care about it. It's sad and at the same time real.
Well OP you stated it quite clearly capital is easy to raise because people are donating money in the hopes of making more money. Feeding the poor doesn't generate revenue so its not appealing to the masses of people in this crypto gold rush.
I think cryptocurrency to feed the poor is an amazing idea. You don't see too many people nowadays willing to use actual money to help the poor so why not just invest in a crytocurrency that does it? Less work and more benefits for everyone. Rarely see topics like these anymore.
As I've said with a lot of Bitcoin posts surrounding this issue, I feel that it proves too much of a hassle to be able to do something like this. Like just take Bitcoin for example, if we gave people Bitcoin as a universal welfare system or something along those lines people aren't going to be able to get the real fiat currency out of it to be able to use it in everyday life, this would follow the same sort of thing for a random shitcoin someone makes.
People would rather have FIAT currency as it can be used everywhere, plus the poor aren't going to be able to have a computer / smartphone to access this digital currency anyway so what's the point of even making this? If the people it's going to help are going to be the ones that can't use it, why?
People would rather have FIAT currency as it can be used everywhere, plus the poor aren't going to be able to have a computer / smartphone to access this digital currency anyway so what's the point of even making this? If the people it's going to help are going to be the ones that can't use it, why?
I guess that would be the main obstacle. In poor countries many people do have phone but I doubt all of them have smartphone for wallets. Cryptocurrency might be good for moving money around for NGOs but when actually helping the poor, I think they'll mostly want fiat.
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