How Bitcoin can help Local Communities - page 2.

AhmadM

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Quote from: TelolettOm on November 06, 2021, 05:42:15 PM

Exactly, crypto really helps many people. We know how hard the condition and financial systems were during this pandemic. I am personally really blessed that I know the crypto industry before this pandemic so that I still can earn income during this hard time.
And this is only a small example of how crypto can help many communities in the world.
~

I believe during the pandemic situation bitcoin was becomes a really great help for many people as a new way of source incomes, since they couldn't work like usually they did before the pandemic, which at the time has forced them to look for other ways of earning from their own home.

Quote from: TelolettOm on November 06, 2021, 05:42:15 PM

~ Moreover, crypto doesn't limit anyone to join. Whoever wants to learn and work and have involved in this activity, they are welcome.

Keep in mind that scammers also could enter the fields too, so we need to be more vigilant and educate ourselves in order to protect our crypto assets.

dupee419

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I think in general, people who have started crypto around their local communities are actually growing, not only for those who have started but for those who have been influenced as well, and I can assume that not only Bitcoin but crypto generally has helped a lot of people overcome or get out of poverty, I have a friend who was able to even buy a car just by trading and hodling, investing on worthy projects, and after that, he influenced a lot of his friends to invest on Bitcoin as well, Bitcoin does help local communities.

TelolettOm

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Quote from: AmoreJaz on November 05, 2021, 07:03:59 PM

we can't deny the fact that during this pandemic period, a lot of people here benefited with their knowledge of crypto. either by bounty programs, or using their skills in programming, artworks ect they used their skills or knowledge how to earn crypto during these challenging times and augment their source of income.

Exactly, crypto really helps many people. We know how hard the condition and financial systems were during this pandemic. I am personally really blessed that I know the crypto industry before this pandemic so that I still can earn income during this hard time.
And this is only a small example of how crypto can help many communities in the world.
I am sure that many bigger communities are coming here and gaining many more profits and benefits from the crypto industry.
Moreover, crypto doesn't limit anyone to join. Whoever wants to learn and work and have involved in this activity, they are welcome.

Mahanton

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Quote from: Blawpaw on November 06, 2021, 03:57:03 PM

Anthony Pompliano just posted a video on the Navajo mining Bitcoin. The Navajo are mining with clean energy produced from solar panels installed in their own land. Apart from stepping ahead towards their economical independence, the Navajo are also setting an example by going 100% solar with their mining operations.

Would really be that feasible? Considering the cost of solar panels and how much you've be needing specially on replacing battery if you do intently mine for 24 hours then

i would say that its just too nonsense on making some mining operation if you do know that ROI would be longer but if its for the sake of interest then its considerable.
Aside from mining part there are various ways on which you could really take advantage on this market it is just depending on someone on how they'll do it.

Shasha80

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Quote from: Issa56 on November 06, 2021, 01:18:33 PM

Bitcoin have really helped lot's of people most expecially in developing countries, I personally bitcoin have really helped me, am a graduate which currently I own a business which I started immediately I graduated from my higher institution with the fund I got from bitcoin which also bitcon really helped me during my higher institution to pay my tuition fee and other thing's like that which I learnt everything about bitcoin and cryptocurrency on Bitcointalk so I really appreciate the forum and I appreciate bitcoin.

Many people are helped by the existence of Bitcoin, I'm glad you can pay for college from Bitcoin. Actually on this forum I've read a lot of stories of
people whose economy improved after getting to know Bitcoin. That also happened to me, at first I didn't believe in Bitcoin either, I thought Bitcoin
was a scam. But after I study properly, it turns out that Bitcoin can give us the opportunity to make money and it's true that I can profit from investing
in Bitcoin. Although I also initially suffered losses, because I made some mistakes when investing in Bitcoin. But slowly I began to correct
my mistakes, and finally I was able to buy a lot of stuff from the money I got from investing in Bitcoin. I am very grateful to Satoshi Nakamoto
for creating Bitcoin, he created something that can help many people in the world.

Blawpaw

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Anthony Pompliano just posted a video on the Navajo mining Bitcoin. The Navajo are mining with clean energy produced from solar panels installed in their own land. Apart from stepping ahead towards their economical independence, the Navajo are also setting an example by going 100% solar with their mining operations.

Issa56

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Bitcoin have really helped lot's of people most expecially in developing countries, I personally bitcoin have really helped me, am a graduate which currently I own a business which I started immediately I graduated from my higher institution with the fund I got from bitcoin which also bitcon really helped me during my higher institution to pay my tuition fee and other thing's like that which I learnt everything about bitcoin and cryptocurrency on Bitcointalk so I really appreciate the forum and I appreciate bitcoin.

Luzin

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Quote from: Swordsoffreedom on November 06, 2021, 11:08:43 AM

I know many people who have chosen trading as a profession as a source of income. With the blessings of Bitcoin, they are now able to live with dignity, as well as contribute to the economic development of society and the country.

I've known Bitcoin since 2015 and I'm on a journey to this day. Bitcoin became very famous when 2017 achieved a fantastic price increase. Since then I have started to see on various social media people trading. They even show off with their trading results. They also show items that are considered to have a high price to show off. Seeing that, of course I agree with you, that bitcoin can change the economic level of people. They use it as a job called trading. As long as Bitcoin has a price it will continue to be useful for changing the level of the economy that uses it.

Swordsoffreedom

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Quote from: proTECH77 on November 06, 2021, 10:18:26 AM

~snip
4) It reduced unemployment: Bitcoin reduce unemployment in any country that adopted bitcoin in the communities. It creates more opportunities to graduate in the communities to improve to another level .

It has grown exponentially in 3rd class countries and developing countries. In countries that are underdevelopment stage, the unemployment rate is above 50 percent.

Despite being educated, they are deprived of suitable jobs. Bitcoin is a blessing for these educated unemployed. Bitcoin has opened up investment opportunities, trading opportunities, stacking opportunities, mining opportunities for them. I know many people who have chosen trading as a profession as a source of income. With the blessings of Bitcoin, they are now able to live with dignity, as well as contribute to the economic development of society and the country.

so98nn

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Quote from: SquirrelJulietGarden on November 04, 2021, 06:51:13 PM

Months ago, Bitcoin mining activities helped to save one water factory in the USA in the wave of Great hashpower migration from the East to the West after China crackdown.

When and where there are new companies, new activities appear, new jobs will be available. It is what occurring when Bitcoin mining is spreading to more nations, more remote local areas worldwide.

I like the very last words here. It’s helping the remote locations!! Yes that’s what we want and as far as remote location is considered the peeps their need this kinda evolution. In my country if you imagine a remote location then you see farms, animals, peeps with less or no contact with the urban areas. Day by day weather is changing and thus affecting the farming also.

It’s time for the digital era! Peeps need to move to newer world where crypto mining farms in rural area can bring amazing workforce and jobs. With this they can understand how the world is moving towards greater life. They could get any kinda job from sweeper to coder or electrical works etc. But it would be a kinda best thing for them.

So indeed this change is amazing and it should be everywhere.

dimox

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Quote from: taufik123 on November 05, 2021, 05:41:03 PM

Quote from: Coyster on November 05, 2021, 04:39:07 PM

-snip-
I've always thought the best thing about knowing Bitcoin is that you can control your funds yourself and I still stand on that, thus when people have control of their funds all to themselves, then they can in turn use that advantage to create wealth, and that's the way Bitcoin has been helping individuals for a while now.

Creating new sources of wealth with bitcoin also requires new innovations that need to be made. Every individual who owns bitcoin assets now starts to make some investments or trades to double their assets.

Local Communities start growing with the help of bitcoin or cryptocurrency. Like El Salvador or in Africa that have adopted bitcoin and made it a legal payment to overcome their economic problems.

my friend start to use villages power to run the mining. he have a power to unite between one person with the other, and he can manage them all, how much they spend and get, and stand till now.
rich people needed to create new poundation, while the other following him and help to develop his project. not only owner, helper will earn profit as much as it can

molsewid

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Quote from: syedakhlaque on November 06, 2021, 10:06:02 AM

Bitcoin can play a good role against poverty and unemployment. It is not only to increase their financial condition but it also provides them an opportunity to be rich. Bitcoin is a collection of chances and opportunities for all people and all communities. We can start our business on this trade with a little amount while on traditional business there involves risk and big capital.

It's undeniable that owning bitcoin or any cryptocurrency can be already considered as an asset or wealth and for me this is a big help to the local community and it is already proven. For me, owning crypto especially bitcoin is a privilege that every owner could enjoy like gaining a profitable profit, a worth it investment and of course the opportunity to get rich and enjoy a financial stability at the young age as possible but of course provided that you could handle how volatile the market is.

Fatunad

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Quote from: bitzizzix on November 06, 2021, 03:07:55 AM

I am more impressed for those who make good use of bitcoin as a source of income and change their life for the better despite being banned but they still use it in their own way, than those who do nothing.
do it independently and also self-awareness we will enjoy the pure benefits of the results of our creativity and expertise which in my opinion is very cool and can add knowledge and also a very extraordinary experience, because then we can understand and also understand the function of bitcoin or crypto well .

For those people who do have a good grasp on learning up crypto then it cant really be avoided that aside from learning the true essence or benefits of it in terms of payment system which they do also have that kind of benefit on where they could really make out money or make profits if they do really know on what they are doing.
Although this isnt something that do comes automatically, you do need to work still to make it more effective and beneficial.This isnt just an internet money that
do comes with just simply waiting.You do need to work and put up some effort too.

proTECH77

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Here are some ways bitcoin can help local communities:
1) Socialize : Those countries that legalized bitcoin in their country make their citizens to be more popular in the community.
2) Transaction failure: Bitcoin came to eliminate errors from the communities transaction and also to make the transaction fast and safe to the users.
3) It will reduce inflation: Those countries that legalized bitcoin in their country are experiencing deflation in their various communities. The price of communities in the community is still decreasing in the market.
4) It reduced unemployment: Bitcoin reduce unemployment in any country that adopted bitcoin in the communities. It creates more opportunities to graduate in the communities to improve to another level .

syedakhlaque

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Bitcoin can play a good role against poverty and unemployment. It is not only to increase their financial condition but it also provides them an opportunity to be rich. Bitcoin is a collection of chances and opportunities for all people and all communities. We can start our business on this trade with a little amount while on traditional business there involves risk and big capital.

ultrloa

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Quote from: Rishabh riyz on November 05, 2021, 08:08:52 AM

Quote from: Blawpaw on November 04, 2021, 02:57:33 PM

Bitcoin is empowering local communities a little bit around the world. Native American communities have been stripped from their land and are struggling hard to escape poverty. This time is Bitcoin who is helping the Navajo people. West Block a Canadian mining company requested the Navajo nation to allow them for energy for a Bitcoin mine on Navajo land back in 2017. The company is currently employing 2 workers but has grown and is looking to have its operations increased to have 11 workers which will be hired among the community. The company is not only generating wealth for the community but is also providing them jobs and financial inclusion. This is the true nature of the potential bitcoin has to give back the power to people.

Not just the small community but we see that El Salvador which adopted bitcoins as legal tender also is helping and hoping that bitcoins would help them boost their prickliest economy where 1/5th of their GDP came from people sending money from abroad , this transaction had high transaction fees since there are few banks and the money would be considered in international exchange ,
The country was paying a huge amount in transaction cost and less than 35% of the whole population had bank accounts,
It is said that every citizen were offered $30 which they could use for paying at shops or government taxes .

We see here one of the main reason for adopting could be elimination of transaction fees in international transfer of money .

We see them good at the bullish state of the market we don't see yet how they go when the we are in bear since we don't know if majority of them can take how the market goes since its really not good to the side of people who doesn't know the action to do if they are unexperience towards certains flaws of the market. But if we can see them survive eventhough bad market hits then we can say that this adoption will really help to boost their economy.

glendall

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bitcoin is just a tool to achieve financial freedom, because for its operation it is also challenging so not everyone can enter the bitcoin workspace
However, it is undeniable that the bitcoin community like this forum makes it easier for us to get money from bitcoin itself without having to bother mining,

kryptqnick

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I think the article is pushing it too far with little actual data being available. No wonder that most of it is actually not about Bitcoin, but about all sorts of issues that the Navajo Nation faces. I don't deny those issues and that they should be tackled, but then there's this small section that there's a Bitcoin mining facility that employs 2 people, but it "is a very real source" of future wealth. It's also said that those bitcoins which are mined will circulate in the local economy, but will they, though? If it's a Canadian firm doing the mining, why would they give away their profit to the Navajo Nation?

Hippocrypto

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Quote from: bitzizzix on November 06, 2021, 03:07:55 AM

I am more impressed for those who make good use of bitcoin as a source of income and change their life for the better despite being banned but they still use it in their own way, than those who do nothing.
do it independently and also self-awareness we will enjoy the pure benefits of the results of our creativity and expertise which in my opinion is very cool and can add knowledge and also a very extraordinary experience, because then we can understand and also understand the function of bitcoin or crypto well .

Indeed. Presently in our local community, Bitcoin investment has been a great help to all the youths in which it has helped reduced the rate of unemployment and poverty to some level through various Bitcoin investments most especially during the covid 19 period. Bitcoin will totally boost our local economy right now, where individuals are into bitcoin to support their financial needs. Bitcoin have benefitted a lot in our local community as it helps everyone who uses it to even gain for their financial needs and reduce unemployment.

bitzizzix

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I am more impressed for those who make good use of bitcoin as a source of income and change their life for the better despite being banned but they still use it in their own way, than those who do nothing.
do it independently and also self-awareness we will enjoy the pure benefits of the results of our creativity and expertise which in my opinion is very cool and can add knowledge and also a very extraordinary experience, because then we can understand and also understand the function of bitcoin or crypto well .

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