Topic: How Bitcoin can help Local Communities - page 4. (Read 468 times)
Many countries are actually benefiting from crypto, perhaps in fairness it is helping the poor and economically unstable countries. Some countries are subject to the US embargo which makes it difficult for their economies to develop and bitcoin is a useful tool and solution to help them sustain their lives. Earlier this year, when I saw El Salvador accept crypto, I see that they are really taking advantage of the good opportunity for the country to be able to capitalize on the wave of bitcoin.
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.
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.
This kind of employment opportunities out of bitcoin can't be provided to large number of people. Bitcoin is innovated to provide financial freedom to people. Due to its potential and multiple usage it got termed to be a source that gave life to lots and lots of people through investment, trading and earning.
When we talk about bitcoin helping a community as a whole, it is possible through charity/donation. During the pandemic even in our forum campaigns were conducted and the funds were used to support a suffering community have their daily food.
Cant really denied on how these forum-based jobs not only limited to signature campaigns but also on micro jobs or task that you could see on this forum is really a big or great help on at least sustaining yourself on buying some food.It might not be much for most people but for those who do live out on 3rd world country would really see this as a big or great help at least on this very hard situation. When we talk about bitcoin helping a community as a whole, it is possible through charity/donation. During the pandemic even in our forum campaigns were conducted and the funds were used to support a suffering community have their daily food.
This kind of employment opportunities out of bitcoin can't be provided to large number of people. Bitcoin is innovated to provide financial freedom to people. Due to its potential and multiple usage it got termed to be a source that gave life to lots and lots of people through investment, trading and earning.
When we talk about bitcoin helping a community as a whole, it is possible through charity/donation. During the pandemic even in our forum campaigns were conducted and the funds were used to support a suffering community have their daily food.
When we talk about bitcoin helping a community as a whole, it is possible through charity/donation. During the pandemic even in our forum campaigns were conducted and the funds were used to support a suffering community have their daily food.
Aside from the navajo people, there really are people in different countries that are being helped by bitcoin.
Including those who have invested early and to the people that have been earning bitcoin with their side hustles and other online jobs and gets paid by btc.
Including those who have invested early and to the people that have been earning bitcoin with their side hustles and other online jobs and gets paid by btc.
This is the true nature of the potential bitcoin has to give back the power to people.
Definitely, we're also the one that enjoys its power for having it. And it's not that too late for the others who wants to know more about it. 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.
A lot of things that we can benefit from Bitcoin, not just for investment(profit), use as utility (payment option), but it also gives us job just like you have said. But honestly, not all in the local communities are benefiting from this. Although we can say that it gives a job to some of them, however, only just a few people and those who were not selected have received nothing. Well, at least, it gives something to the community. And I hope this could be seen by the government and think how this could improve the living of the people and also their economy.
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.
I don't think it's a direct help, but entities see bitcoin as an opportunity to make money out if. Just like what you said, the mining company requested the Navajo people to used their land for bitcoin mining. 2 workers to 11 workers? I don't think it will put a big dent on their local economy, unless they are like 20 people in their neighborhood. Yes, I know that bitcoin has open a lot of doors, but this is just an exaggeration to me.If there's something that really help Native Americans, it's gaming:
Quote
Native American gaming comprises casinos, bingo halls, and other gambling operations on Indian reservations or other tribal lands in the United States. Because these areas have tribal sovereignty, states have limited ability to forbid gambling there, as codified by the Indian Gaming Regulatory Act of 1988. As of 2011, there were 460 gambling operations run by 240 tribes,[1] with a total annual revenue of $27 billion.
https://en.wikipedia.org/wiki/Native_American_gaming
El Salvador has struggled to empower its country by reviving the people's economy with bitcoin, it was a big decision from El Salvador to support bitcoin. Not only society, the state will also benefit from bitcoin. There are many other countries that are starting to struggle to financially prosper society, but they find it difficult to regulate bitcoin as a legal currency so trading and investing and mining is the solution to earn income.
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.
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