Topic: why do we not have a poverty coin yet? (Read 1475 times)
Economic success is mostly genetic, with a solid dose of randomness. There is really no way to eliminate poverty without eliminating those with the genetic disposition to poverty.
Poverty cannot be eliminated by monetary support. In fact, monetary support increases the poverty.
If you look closely, you can find that the maximum poverty is prevalent in areas having the maximum population growth. If people are able to control their population, they will get out of poverty. If you give monetary aid, that encourages more population growth, which in turn results in more poor people.
If you look closely, you can find that the maximum poverty is prevalent in areas having the maximum population growth. If people are able to control their population, they will get out of poverty. If you give monetary aid, that encourages more population growth, which in turn results in more poor people.
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
Food production is not an issue. Global food supply can comfortably feed every man, woman and child on the planet. 40% of the food produced in the richest nation in recorded history, the United States, ends up in landfills, despite the fact that 14.5% of its citizens miss at least one meal a day. India, home to almost a third of the world's hungry (230 mil), loses over 40% of the food it produces annually due to storage and transportation issues.
The key to reducing, nay, eliminating poverty lies with infrastructural development (roads, schools, hospitals, etc.), education (many African countries continues to suffer from collapsed familial and societal structure) and political/religious belief (I don't want to go here right now).
The funding for the first has always been available, the commitment for the second is weak, and the support for the third comes and goes like the tide.
In my humble opinion, humanity will never completely eradicate poverty. This doesn't mean we must stop trying, but realism is always the best defense when confronted with reality.
Meanwhile, on this wonderful Friday, another 25,000 malnourished children will die - just like yesterday, just like tomorrow.
every person is part of economy when they have money, so I hope someday everyone gets on-borad the economy. and bitcoin is a step in that direction.. freedom to create a currency if you have support to use it. I hope for future and ignore the reality for now.
this can be done only by ignoring the reality, it's cool to think about it but it can't be done
it could bring a few people a home and that's a good thing but to exterminate all poverty, can't be done though
with time mate
you're a bit too optimistic mate
btw this is the last huge quote, seriously no more quotes..
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
Food production is not an issue. Global food supply can comfortably feed every man, woman and child on the planet. 40% of the food produced in the richest nation in recorded history, the United States, ends up in landfills, despite the fact that 14.5% of its citizens miss at least one meal a day. India, home to almost a third of the world's hungry (230 mil), loses over 40% of the food it produces annually due to storage and transportation issues.
The key to reducing, nay, eliminating poverty lies with infrastructural development (roads, schools, hospitals, etc.), education (many African countries continues to suffer from collapsed familial and societal structure) and political/religious belief (I don't want to go here right now).
The funding for the first has always been available, the commitment for the second is weak, and the support for the third comes and goes like the tide.
In my humble opinion, humanity will never completely eradicate poverty. This doesn't mean we must stop trying, but realism is always the best defense when confronted with reality.
Meanwhile, on this wonderful Friday, another 25,000 malnourished children will die - just like yesterday, just like tomorrow.
every person is part of economy when they have money, so I hope someday everyone gets on-borad the economy. and bitcoin is a step in that direction.. freedom to create a currency if you have support to use it. I hope for future and ignore the reality for now.
this can be done only by ignoring the reality, it's cool to think about it but it can't be done
it could bring a few people a home and that's a good thing but to exterminate all poverty, can't be done though
with time mate
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
Food production is not an issue. Global food supply can comfortably feed every man, woman and child on the planet. 40% of the food produced in the richest nation in recorded history, the United States, ends up in landfills, despite the fact that 14.5% of its citizens miss at least one meal a day. India, home to almost a third of the world's hungry (230 mil), loses over 40% of the food it produces annually due to storage and transportation issues.
The key to reducing, nay, eliminating poverty lies with infrastructural development (roads, schools, hospitals, etc.), education (many African countries continues to suffer from collapsed familial and societal structure) and political/religious belief (I don't want to go here right now).
The funding for the first has always been available, the commitment for the second is weak, and the support for the third comes and goes like the tide.
In my humble opinion, humanity will never completely eradicate poverty. This doesn't mean we must stop trying, but realism is always the best defense when confronted with reality.
Meanwhile, on this wonderful Friday, another 25,000 malnourished children will die - just like yesterday, just like tomorrow.
every person is part of economy when they have money, so I hope someday everyone gets on-borad the economy. and bitcoin is a step in that direction.. freedom to create a currency if you have support to use it. I hope for future and ignore the reality for now.
this can be done only by ignoring the reality, it's cool to think about it but it can't be done
it could bring a few people a home and that's a good thing but to exterminate all poverty, can't be done though
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
Food production is not an issue. Global food supply can comfortably feed every man, woman and child on the planet. 40% of the food produced in the richest nation in recorded history, the United States, ends up in landfills, despite the fact that 14.5% of its citizens miss at least one meal a day. India, home to almost a third of the world's hungry (230 mil), loses over 40% of the food it produces annually due to storage and transportation issues.
The key to reducing, nay, eliminating poverty lies with infrastructural development (roads, schools, hospitals, etc.), education (many African countries continues to suffer from collapsed familial and societal structure) and political/religious belief (I don't want to go here right now).
The funding for the first has always been available, the commitment for the second is weak, and the support for the third comes and goes like the tide.
In my humble opinion, humanity will never completely eradicate poverty. This doesn't mean we must stop trying, but realism is always the best defense when confronted with reality.
Meanwhile, on this wonderful Friday, another 25,000 malnourished children will die - just like yesterday, just like tomorrow.
every person is part of economy when they have money, so I hope someday everyone gets on-borad the economy. and bitcoin is a step in that direction.. freedom to create a currency if you have support to use it. I hope for future and ignore the reality for now.
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
Food production is not an issue. Global food supply can comfortably feed every man, woman and child on the planet. 40% of the food produced in the richest nation in recorded history, the United States, ends up in landfills, despite the fact that 14.5% of its citizens miss at least one meal a day. India, home to almost a third of the world's hungry (230 mil), loses over 40% of the food it produces annually due to storage and transportation issues.
The key to reducing, nay, eliminating poverty lies with infrastructural development (roads, schools, hospitals, etc.), education (many African countries continues to suffer from collapsed familial and societal structure) and political/religious belief (I don't want to go here right now).
The funding for the first has always been available, the commitment for the second is weak, and the support for the third comes and goes like the tide.
In my humble opinion, humanity will never completely eradicate poverty. This doesn't mean we must stop trying, but realism is always the best defense when confronted with reality.
Meanwhile, on this wonderful Friday, another 25,000 malnourished children will die - just like yesterday, just like tomorrow.
Nobody wants a poverty coin, we want money to get rich. 
How about this:
We give every new born a balance of $5M. For his whole life. If he can't manage his 5 000 000 units before his natural death, then no one can bail him out and him being poor would be his full responsibility.
Would such an utopia be "more fair"?
We give every new born a balance of $5M. For his whole life. If he can't manage his 5 000 000 units before his natural death, then no one can bail him out and him being poor would be his full responsibility.
Would such an utopia be "more fair"?
fair but not practical. giving any USD or EUR to every new born devalues the currency that is in hands of rest of people. Instead if you start a crypto for that purpose, the coin value is 0 when pre-mined and is distributed.. value increases if there is support to those new borns from the rest of the world. support by using those coins.
not the best explanation but I tried to put together my thoughts
How about this:
We give every new born a balance of $5M. For his whole life. If he can't manage his 5 000 000 units before his natural death, then no one can bail him out and him being poor would be his full responsibility.
Would such an utopia be "more fair"?
We give every new born a balance of $5M. For his whole life. If he can't manage his 5 000 000 units before his natural death, then no one can bail him out and him being poor would be his full responsibility.
Would such an utopia be "more fair"?
Mining really isn't profitable anymore unless you have a lot of money to invest in the newest asic hardware, It's really become pointless to do because the returns would be fairly small and it's a never ending rat race to always have the newest hardware when the difficulty goes up and of course the mining hardware continues to get more and more expensive as time goes on.
Why we should have poverty coin??? we dont need something like that 
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
The Dollar, the Euro are the poverty coins already.
I mean 'we are born with a bank balance in Euro/Usd. The poor people must be given pre-mined bank balance of coins. when those coins gain support, they gain value.
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
The Dollar, the Euro are the poverty coins already.
Poverty is one the eternal problems and I am not sure if bitcoin has enough power to help to solve this problem as it has its own problems and too young for this task
Money can never solve poverty, for the very cause of poverty is greed. There is enough food to feed 10 billion people. There are greater motives that will never remove poverty through a monetary system. As long as we base our society off greed, the disparity of wealth will continue to exist.
We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.
We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.
First constructive comment I was looking for! Well said
I think a resource based economy might could work if done correctly, As technology continues to progress eventually we will reach a point where human beings will no longer be needed to do manual labor, Machines will be capable of fully automating factories, warehouses, etc, As more and more people down on main street loose their jobs or become under employed there will be no one left to purchase goods or services, The system will start to break down.
Eventually this system will fail but it's hard to pin point when, The how is clear but the when is harder to know.
Money can never solve poverty, for the very cause of poverty is greed. There is enough food to feed 10 billion people. There are greater motives that will never remove poverty through a monetary system. As long as we base our society off greed, the disparity of wealth will continue to exist.
We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.
We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.
First constructive comment I was looking for! Well said
Money can never solve poverty, for the very cause of poverty is greed. There is enough food to feed 10 billion people. There are greater motives that will never remove poverty through a monetary system. As long as we base our society off greed, the disparity of wealth will continue to exist.
We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.
We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
World's population is 7.1 billion.
out of 7.1, 1.3 is poor . deduct that and 5.8 can help
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
World's population is 7.1 billion.
and we don't have 1.3billion people using crypto coins which means that every single one of us should buy more then 1 miner for the poor
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
World's population is 7.1 billion.
Quote
steps:
donate miners, poor people pay their electricity(thats their small investment), coins are sent to a bitstamp like server which manages account balances with sms over the telephone network. (there bitstamp like servers can be more than one to make it decentralised), promote the usage of this liberty-coin in urban areas, purpose+efficient currency
how will they pay for electricity if they're poor?
what if they're homeless?
they need internet too for this
A coin is just a unit of account, it has no value in itself; you're better off just giving charity to the poor as this currency will be no different than any other, and even then, it doesn't solve the core reasons why poor people are poor to begin with (e.g. warlords who call themselves "government" stealing their life, liberty and property--or said differently, democide, law/regulation, and taxation/eminent domain.)
Even ignoring that, people who are actually poor--i.e. nobody in the wealthy western nations--don't have the infrastructure necessary to use bitcoin or any of its incarnations.
Even ignoring that, people who are actually poor--i.e. nobody in the wealthy western nations--don't have the infrastructure necessary to use bitcoin or any of its incarnations.
you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
thought it through. its not just about giving them miners and disappearing but like any other social service you help them adopt.
miner is enough and no need for a computer, central servers take care of distribution and send their balance on to an m-pesa like basic phone service.
Scaling down technology isn't the challenge here, but the commitment to do. Hopefully that day isnt far off.
that's quite a big investment, how would you gather the funds for that?
take notice that all the poor people need to be in one place if you provide electricity and that makes you elgible to help only one place/town even though it would be such a high price
steps:
donate miners, poor people pay their electricity(thats their small investment), coins are sent to a bitstamp like server which manages account balances with sms over the telephone network. (there bitstamp like servers can be more than one to make it decentralised), promote the usage of this liberty-coin in urban areas, purpose+efficient currency
you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
thought it through. its not just about giving them miners and disappearing but like any other social service you help them adopt.
miner is enough and no need for a computer, central servers take care of distribution and send their balance on to an m-pesa like basic phone service.
Scaling down technology isn't the challenge here, but the commitment to do. Hopefully that day isnt far off.
that's quite a big investment, how would you gather the funds for that?
take notice that all the poor people need to be in one place if you provide electricity and that makes you elgible to help only one place/town even though it would be such a high price
you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
thought it through. its not just about giving them miners and disappearing but like any other social service you help them adopt.
miner is enough and no need for a computer, central servers take care of distribution and send their balance on to an m-pesa like basic phone service.
Scaling down technology isn't the challenge here, but the commitment to do. Hopefully that day isnt far off.
you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?
Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.
donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries
I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?
when dogecoin exists with community support, why not liberate coin...
Jump to: