Poverty are not eliminated by throwing money at the problem. I always come back to the saying.... If you give a man a fish, you feed him for a day.. if you teach him how
to fish, you feed him for life. I think Satoshi's goal with this, might have been to give people the tool, to reduce poverty. In most countries people are to poor to open
bank accounts... banks are simply not interested in doing business with poor people. Bitcoin enable people to open their own bank accounts for free and it has virtually
zero fees. This will open doors for them, that was previously shut for them or might have been too expensive.
Topic: Satoshi Airdrops 1 Million BTC to the Poor - page 3. (Read 3531 times)
so they can cash out and crash the price? i dont think so
How could they cash out, they are far from having a bank account. Only thing they really need is a smart phone + wallet.
And I hear even the poor just have that.
Even lots of ngos and ingos donating millions of fund to poor people from the decades haven't changed life of those poor so i don't think it is some interesting necessary concept.
Yes, that's right. How do the poor (at least the stupid ones) actually turn their BTC into anything of benefit to them?
And then if they just spend their newly arrived BTC on something, how does that improve their lives over the long-run?
The poor will always be with us. NorrisK has it right: should all wealth be "distributed equally", 10 years later (or less), the wealth would again be concentrated into the same hands, more-or-less, as now.
RealBitcoin is aware of this too. Work, especially intelligent work, is the route out of poverty.
Satoshi Airdrops 1 Million BTC to the Poor
Socialist fantasy...
It won't happen, poor people need to work theirselves out of poverty, that is how you climb up the ladders of wealth.
With hard work and opportunity.
I like the pie in the sky stuff. I think that Satoshi did indeed create something that could decentralize wealth and help people in the third world come out of the shadows of poverty.
I think what the first poster was talking about was that somehow bitcoin would redistribute wealth. That's pie in the sky. What isn't is that it gives people everywhere the chance to create wealth with less obstruction.
when i read the topic i though satoshi has moved his coins, that was scary
I like the pie in the sky stuff. I think that Satoshi did indeed create something that could decentralize wealth and help people in the third world come out of the shadows of poverty.
I think what the first poster was talking about was that somehow bitcoin would redistribute wealth. That's pie in the sky. What isn't is that it gives people everywhere the chance to create wealth with less obstruction.
so they can cash out and crash the price? i dont think so
How could they cash out, they are far from having a bank account. Only thing they really need is a smart phone + wallet.
And I hear even the poor just have that.
Even lots of ngos and ingos donating millions of fund to poor people from the decades haven't changed life of those poor so i don't think it is some interesting necessary concept.
Ok, let's say that one day Satoshi comes back. There's unsisputale proof that this time it's truly him and that he's in possession of hundreds of millions in BTC. What would be the criteria to airdrop bitcoins to the poor? Among the millions of people living in poverty, what would be the effect of this? I think it'd be a drop in the ocean in terms of helping solve poverty and it'd likely even damage bitcoin as all of a sudden there would be a ton of people looking to sell bitcoins.
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Thanks, have never seen before.
This will end up in giving a single winner all ?
Then I also would expect a big price drop....
It's open to question. After all, it's just a concept. With the buzz it'd create it sounds rather positive for bitcoin.
Ok - could we agree on those: Doing the buzz of that video - big hype.
But than - 1% to the winner + 99% airdrop to the poor
Uuups - sorry winner - but we win all !
Ok, let's say that one day Satoshi comes back. There's unsisputale proof that this time it's truly him and that he's in possession of hundreds of millions in BTC. What would be the criteria to airdrop bitcoins to the poor? Among the millions of people living in poverty, what would be the effect of this? I think it'd be a drop in the ocean in terms of helping solve poverty and it'd likely even damage bitcoin as all of a sudden there would be a ton of people looking to sell bitcoins.
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Thanks, have never seen before.
This will end up in giving a single winner all ?
Then I also would expect a big price drop....
It's open to question. After all, it's just a concept. With the buzz it'd create it sounds rather positive for bitcoin.
Did he ever say anything about decentralising wealth? That's pie in the sky stuff and impossible to achieve unless he was reprogramming human nature too. Decentralising money might be achievable but that's not going to stop exploitation or people who are hungrier than others rising to the top. What he was aiming to do was take the nefarious actors out of money's creation.
I like the pie in the sky stuff. I think that Satoshi did indeed create something that could decentralize wealth and help people in the third world come out of the shadows of poverty. I like to think a woman making rugs in Peru could sell her rugs and accept a global currency to be on the same playing field as merchants around the world. Humans will naturally reprogram themselves and we can move into a new money consciousness where all can play.
I saw an article on Vice a few weeks ago about a couple alt coins that advocates called "Basic Income Advocates" propose that everyone around the world can receive a "basic income" from these coins. Check it out, pretty interesting.
As soon as this happens and people get the ability to spend it, the wealth would very quickly accumulate to the hands of few again.
Unfortunately this is how human nature is. The many find ways to give their little wealth to the few who already own a lot.
This is ofcourse, assuming that there is a way to fairly distribute a part of the coins to an individual instead of a lot of coins to one individual who is good at creating multiple identities for claiming.
Imo, the best that can happen is that the coins never move again.
Unfortunately this is how human nature is. The many find ways to give their little wealth to the few who already own a lot.
This is ofcourse, assuming that there is a way to fairly distribute a part of the coins to an individual instead of a lot of coins to one individual who is good at creating multiple identities for claiming.
Imo, the best that can happen is that the coins never move again.
Ok, let's say that one day Satoshi comes back. There's unsisputale proof that this time it's truly him and that he's in possession of hundreds of millions in BTC. What would be the criteria to airdrop bitcoins to the poor? Among the millions of people living in poverty, what would be the effect of this? I think it'd be a drop in the ocean in terms of helping solve poverty and it'd likely even damage bitcoin as all of a sudden there would be a ton of people looking to sell bitcoins.
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Thanks, have never seen before.
This will end up in giving a single winner all ?
Then I also would expect a big price drop....
That is of course great for someone to say who doesn't have over 500k Bitcoins or probably even much at stake. Lets look at the facts shall we? You drop 500+k Bitcoins on the poor then my last few years investing taking risks and saving will be for nothing because the price will be destroyed for both us and the poor.
I am not saying don't help the poor because they need it but how about many give some profits and give the poor the tools to help themselves. The wealth of Bitcoin is obviously in fewer hands than preferable but that is the way of the world, the smart will always end up with more because a lot of the time they work for it.
I am not saying don't help the poor because they need it but how about many give some profits and give the poor the tools to help themselves. The wealth of Bitcoin is obviously in fewer hands than preferable but that is the way of the world, the smart will always end up with more because a lot of the time they work for it.
I'm not thinking of a very plump dump. And yes I was educated same - first work - than pleasure - but I live in a rich env.
But think of the very poorest first (extrem thinking is good). They mostly do not have any 'work' - and normally very poor currency & economic env.
But now with access to internet, they can get a 'start - up' investment for their local (and also global) economy and have a more stable
currency than the local one -> I do not think all is cashed out at once, but rather it will be used as money and you'll see the opposite.
So ideally it should be donated to a handful of regional tribe chaps in order to initiate local usage - not cash out (do not expect an exchange as well).
It doesn't matter what you're thinking but matters what will happen. If possible they will dump the Bitcoins into oblivion, why? Because they could not care less about it all they want is food/water etc. I'm sorry to burst your slightly delusional bubble but it is never going to create a stable currency because the currency is manipulated to begin with added to the frenzy of trying to dump to get the foods to survive it will be crazy and the opposite to stable pal.
Again of course they will cash out immediately it would be naive to think any different. Decentralized but donated to the few? That statement is to contradicting as it is clearly centralizing it into a few hands instead of the many. Corruption is extreme in the countries you speak of in case you never knew.
Partly agreed. There was a good point made upthread about education, that should be part of the airdrop as well. But that comes partly along due installing a wallet. So the BTC is the incentive here.
Again - I do not expect bank accounts for cashing out here in masses. And the lowest level chaps normally feel rather responsible for their own people to help survive first, later corruption might come into place.
so they can cash out and crash the price? i dont think so
How could they cash out, they are far from having a bank account. Only thing they really need is a smart phone + wallet.
And I hear even the poor just have that.
Ok, let's say that one day Satoshi comes back. There's unsisputale proof that this time it's truly him and that he's in possession of hundreds of millions in BTC. What would be the criteria to airdrop bitcoins to the poor? Among the millions of people living in poverty, what would be the effect of this? I think it'd be a drop in the ocean in terms of helping solve poverty and it'd likely even damage bitcoin as all of a sudden there would be a ton of people looking to sell bitcoins.
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Another interesting concept would be the one described in this video though:
https://www.youtube.com/watch?v=m6gxpWPMpws
Did he ever say anything about decentralising wealth? That's pie in the sky stuff and impossible to achieve unless he was reprogramming human nature too. Decentralising money might be achievable but that's not going to stop exploitation or people who are hungrier than others rising to the top. What he was aiming to do was take the nefarious actors out of money's creation.
That is of course great for someone to say who doesn't have over 500k Bitcoins or probably even much at stake. Lets look at the facts shall we? You drop 500+k Bitcoins on the poor then my last few years investing taking risks and saving will be for nothing because the price will be destroyed for both us and the poor.
I am not saying don't help the poor because they need it but how about many give some profits and give the poor the tools to help themselves. The wealth of Bitcoin is obviously in fewer hands than preferable but that is the way of the world, the smart will always end up with more because a lot of the time they work for it.
I am not saying don't help the poor because they need it but how about many give some profits and give the poor the tools to help themselves. The wealth of Bitcoin is obviously in fewer hands than preferable but that is the way of the world, the smart will always end up with more because a lot of the time they work for it.
I'm not thinking of a very plump dump. And yes I was educated same - first work - than pleasure - but I live in a rich env.
But think of the very poorest first (extrem thinking is good). They mostly do not have any 'work' - and normally very poor currency & economic env.
But now with access to internet, they can get a 'start - up' investment for their local (and also global) economy and have a more stable
currency than the local one -> I do not think all is cashed out at once, but rather it will be used as money and you'll see the opposite.
So ideally it should be donated to a handful of regional tribe chaps in order to initiate local usage - not cash out (do not expect an exchange as well).
It doesn't matter what you're thinking but matters what will happen. If possible they will dump the Bitcoins into oblivion, why? Because they could not care less about it all they want is food/water etc. I'm sorry to burst your slightly delusional bubble but it is never going to create a stable currency because the currency is manipulated to begin with added to the frenzy of trying to dump to get the foods to survive it will be crazy and the opposite to stable pal.
Again of course they will cash out immediately it would be naive to think any different. Decentralized but donated to the few? That statement is to contradicting as it is clearly centralizing it into a few hands instead of the many. Corruption is extreme in the countries you speak of in case you never knew.
this is a great idea but satoshi have left bitcoin long time ago and we have no way of knowing if he even has the private keys to his massive stash of bitcoin.
It would be good if something like that happened, but I see a problem: people who are really poor do not own an smartphone or any other means to get their BTC in. In fact, if they get say 1BTC each, that would barely pay the smartphone costs.
It always amazes me how people give away other people's money so easily.
It's the give a person a fish vs teaching them to fish argument.
It's the give a person a fish vs teaching them to fish argument.
Very good bringing up that fish here! I remember some part in the Bible where Jesus gave us some fish for free (correct me if I'm wrong).
But that was only more the hook to get us to believe (worked not bad).
So turn that into Satoshi & Bitcoin and you need no more help...
It ended with execution...
Sure - Jesus 'went' away - and suprisingly came back, convincing the skeptic ...
It always amazes me how people give away other people's money so easily.
It's the give a person a fish vs teaching them to fish argument.
It's the give a person a fish vs teaching them to fish argument.
Very good bringing up that fish here! I remember some part in the Bible where Jesus gave us some fish for free (correct me if I'm wrong).
But that was only more the hook to get us to believe (worked not bad).
So turn that into Satoshi & Bitcoin and you need no more help...
It ended with execution...
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