Topic: Poor people need solution now - page 12. (Read 2567 times)

I have said it here before and I will mention it again that it is kind of a duty upon us to start campaigns on sensitization around the adoption of Bitcoin in our own local communities and we can do this through town hall meetings and calling on friends alike to advocate the adoption of Bitcoin and other cryptocurrencies within our communities as an alternative to the current monetary policy realities that is be deviling us today. The international market is having its worst on some of the developing countries around the globe today and the reason is because of the globalisation and superiority agenda of the dollar.

Price of commodities and other international trades have skyrocketed and no country has the power to standardized these issues rather than the world power countries and since the situation is favoring them, they will not be willing to make any change that is why it is quite tall being able to live in a world with centralized currency, where a group of people or league of Nations can decide for the world how their local currencies will be valued.

These things are not as easy said but if you can go out there campaigning or calling people together to adapt to this new technology you can as well create a platform on social media consisting of your friends and family and then introduce the benefits of Bitcoin them. As the time goes, it seems like bitcoin would be another savior to people over the centralized currencies hence the reason why some governments have tried to work against the growth and adoption of the crypto currencies.

The act of growing vegetables , fruits, or any crops that can be used as food is like printing your own money. I say this because you no longer need to buy food using government currency since you already have it. Perhaps that's a significant saving. However, if you were to create your own currency to be used by others to purchase food in your community, this idea would be illegal, especially in our country, and could result in punishment and imprisonment for us. Perhaps it would be better if, instead of insisting on not using the currency issued by your government, you simply resort to a barter system where food is exchanged for other goods or services.

No you can't. You haven't done anything your just dreaming something up. You have never hired anyone.

If they were any good, they would not be working for pennies on the dollar.

Using the community's own money? who created that thing will it sell? lol
you have to realise that saying create your own money means you have to build your own country with legitimate money there because if you create your own money and use it where you live now in whatever country it is then it will not be accepted mate trust me on this.
You will be considered a freak if you do this and insist that the money you created is accepted and worse, it might be related to the law.

This is your own choice but keep in mind that when we live in a country then there must still be fiat that we have because even though it is your own choice when not using banks and saving money there but still Fiat is an important situation that must be owned because we can only rely on it for transaction tools now unless you want to implement a barter system and even then if someone wants to do it but for now I am sure no one wants to do that
Regardless of whether we like banks or not, at the end of the day, we can't leave them behind because the full control of the financial system and the needs we have is still in their hands.

As I said earlier about this you have to create your own country if the government and banks want to consider you as existing and valuable because taking care of something like this by creating your own money and using it as legal tender when you are in a certain country where the regulations are clearly displayed regarding the payment system then you will be considered crazy in the end for imposing your own will which obviously will not be accepted and will only be laughed at.

This is actually the dumbest idea I have come across so far this year. Sometimes, you make a fool of yourself while thinking that you're smart. If this will work like you assume, people would have started doing it long ago. A currency has to be acceptable by all as a legal tender and not only by a segment of the community. It is as simple as ABC to issue your own currency but it will be useless forever because nobody will accept it from you including people in your community. This practice is an attempt of revolution to stand against government and it is punishable offense. If you don't have lenient government to tolerate your nonsense (I doubt if any government would tolerate such move by any community), you will put everyone's life on danger with this idea because it's a threat to government.

So far I believe and indeed I feel that the presence of banks really helps people whether they are poor or rich and I think so far nothing can replace the role of banks in people's lives, some alternatives that look pretty good like crypto which on the other hand can make people know more and feel about its benefits in life but basically not all people can accept the presence of something that is considered to be a solution or savior, and of course for this problem it is the business of the government that has the power which of course can convince and increase trust in the community if it is necessary to make changes.

Although banks undoubtedly have a throne, will we merely sit there and give in? No. Yes, you are correct; there is currently no widely acknowledged substitute for what they are searching for. However, ignoring cryptocurrency? That is our point of divergence. One does not become accepting by maintaining the existing quo. Acceptance begins somewhere. Banks should be complemented and given options rather than being completely overthrown overnight

Do you wish to be accepted in the neighbourhood? Start out tiny. Tell, show, and incorporate. When citizens do, don't governments take note and adjust? Rather than them, it starts with us. Presentation by the OP? Although there is room for improvement, remember that there is more than meets the eye. The essentials? There it is, crystal clear. It's high time that we all realised that the financial landscape is changing

Farmers can only produce food needs from their land, but do not have the power to control market prices. The hardships felt by farmers due to government policies are not in their favor. The government's efforts to protect farmers from the misery of the poverty line are very minimal, the government prefers to import all basic necessities which makes market prices plummet further due to the abundant supply of goods. The prosperity of farmers must receive support from the government, the snowball effect can be prevented by providing land for farmers and keeping the selling value of basic commodities high.

Who can do it, farmers do not have the authority to issue their own Community money and the government will not support the idea, this is the same as building a house inside a house.

If you live in a place where there's a president or king that has a control, you need to obey with every rules and regulations. If you don't want to get controlled, you need to move away to unclaimed lands and do what you want on there. You will realize it's more harder to start build a place to live alone from scratch than working for few years to get it.

Everyone knows to escape from poverty, many people always say get education, learn a new skill, working abroad etc. But the reality, there's always a poor people in everywhere.

Banks are essential whereever you life - can you find any alternative to them - yet? that is easy to use and everyone accepts is and has access to it? Nope, I dont and I am sure you dont as well.

While I do appreciate the enthusiasm to find an alternative and pitch crypto as the savior, you need to improve its acceptance in the locality first. Maybe then the government will take notice and do something different?

OP also needs to improve on their way of presentation of facts and conclusions.

The issue is that poor people often lack the opportunity to create complex systems like that because they're focused on meeting their basic needs day-to-day. Before they can even consider building a system like the one you described for creating their own currency, their energy is already depleted from working to secure food.

While I don't think creating their own currency is a viable solution, small-scale bartering might be an option. However, this could create new problems, as it would be similar to returning to the old barter system, which can make it difficult to determine the value of goods.

Ultimately, I believe the best option for poor people is to invest in themselves through education, such as attending college, to gain skills and knowledge that can help them improve their circumstances.

Its very bad ideas when leaving government currencies and adopted with own community money because can't help poor people get stable financial, exactly will get much problem later when have some community want to make their own currency payment transaction.
In my country poor people still large dominance around 40% of citizen and government still get right solve way how to make poor people get healthy financial.

Most of them can't get higher level of education and difficult get job with bigger payment salary, first need to give free education until highest level how to get solution for the poor people, dominance by lower education make some people difficult with their financial and get label as poor people.

The problem is seven out of ten people in this world, live on less than $10 per day. Also, 5% of the global population, own 88% of the wealth.

There has to be a more even distribution of wealth for people to have a better life.

It is not all doom and gloom, because some of the richest people in the world has acknowledged this and they are giving away most of this wealth. (Bill & Melinda Gates Foundation)

thats definitely the thing with this flawed strategy of issuing community currency because the community is required to be self sufficient, able to produce goods in exchange for other thing that they are lacking consistently but only very few select community can do that because mismanagement and many more.
its definitely easier than said to do so, issuing own currency might instead be abandoned in no time if the currency is so useless it cant be used for something and they'd still use government currency anyway so whats the point.
its important to know that many strategy have been tried and very few succeeds with trying to grow own community that are self sustaining.

This has been done by some groups in my country but their standard of living does not increase.  The members of the group continue to be poor and get exploited while the leader who implemented or issued the community money becomes rich.  This is another strategy for exploiting poor people.  And since it is not recognized by the financial institution, the money issued will be only used inside the community and many problems will arise from that because the community cannot support all the goods that are needed by its member so they cannot completely abandon the government issued currency because they still have to use it to buy things that their community cannot produce.

Largest portion of farmable lands are owned by few tycoons who dominate the agriculture of the country. Minor farmers who could supposely form a community of vegetables, fruits and meat producers don't have enough space, tools and materials to run their small farms in a sustainable way. They will inevitably need to trade with other merchants and tycoons at some point, what will demand them to be part of a local financial system, with a common currency, which has a central bank behind, which in turn have a government backing it composed by politicians, who are sponsored by businessmen, including the tycoons who own most lands. This is a vicious cycle we call system which is unbreakable.

Nobody has ever broken this evil logic the world follows. It has been more or less like this since the beginning of civilizations, and despite the ideologies, strategies and political agendas you try to implement, it seems it's never going to change. I believe only divine intervention can make things more balanced, and that is the last hope of many individuals at this point, since to believe in anything else coming from humans seem pointless and a waste of time, because we have already been deceived many times until now by different individuals and their miraculous plans to save our nations from poverty, inequality and unfairness. Everything in vain.

I'm having trouble understanding your post. Why should the bank give you a percentage if you don't buy the bank's stock in the stock market? I think you are the one who doesn't understand the system here. The state has the authority to print money, if you oppose this, you have a historic opportunity because Bitcoin has been invented. You don't need a new money based on fruits and vegetables. A new currency isn't the solution the poor need. Stop voting for politicians who don't care about you. Maybe then you will realize that you have the power to change things.

You can't be serious.

You are not shareholder of a bank if you let them keep your money safe. That's not investing. in same way you aren't shareholder of a gym if you leave your clothes and money in the locker room.
Both of them are offering you a service, and other one of them are offering a service that involves transferring your money. Banks don't owe you anything. They are charging you for using their services. And one key difference between these services (crypto and banks) is that when you hold your own money, you need to cover security for it by yourself. That's not cheap to do when you are securing money for millions of people.

Even blockchains are charging you for transactions, they aren't there to make you wealthy. It's just happens if the asset you are holding moons, but that's not in any way connected to what they are build to do.

The biggest solution for those whom are poor, live below the normal comfortable standards of living etc would be solved or at least for many nations would be solved if we stopped going to freakin war!  That would solve a lot of issues with this world.

On the other hand, people need to be educated better of the special resources available for those whom are in need. I know here in the US that's a major issue, poor people just often don't know what's available in terms of help and how to seek it.

And then the goverment (in the form of special bodies) will immediately come to you to punish you. Only the goverment, whose right is backed by force, has a monopoly on the issue of money.

You can't just go ahead and log out of the system. How are you going to do this? Go to the jungle to the primitive tribes?

This can only be done if there is an alternative system.

You are not investing in a bank (if you are their client as a depositor, like most), but are leasing your money for a tiny fee. You are not a bank investor.

And thus you yourself gradually turn into that same system.