why do we not have a poverty coin yet?

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: Sutters Mill on October 14, 2014, 05:49:06 AM

Povertycoin? Don't give this alt coin devs anymore ideas, though I'm sure something like this has already been done or attempted anyway. I think if you create a coin just to be given away then it's pretty much worthless. People want to actually own or transact with it, but giving it away will just naturally devalue it. You could also just do something like this with bitcoin if you wanted to be completely altruistic.

Should that valuation prove reinforced sufficiently (say, by force of rhetoric), that valuation shall endure.

Quote from: username18333 on October 13, 2014, 09:53:35 PM

Quote from: RodeoX on October 13, 2014, 12:32:38 PM

We do have such a coin, it's called "bitcoin".

Money is a store of wealth. It is not wealth so you can't just print money and be rich. Your idea of donating a mining machine might work, however. It would work because mining is a productive economic activity. The problem will be the donation. That is where the wealth comes from in your system and someone will have to give their wealth away to make it happen. If the new miner grows his/her business and expands or diversifies then you could help someone out of poverty.

It seems like a better idea is a micro-loan exchange that requires repayment if the business is successful. The hope of repayment with a little interest will bring much more money in the door, even if the primary motive of the investor is helping the poor.

"Money" stores not wealth but rhetoric therefor manifest.

Sunderland

sr. member

Activity: 1439

Merit: 380

To Be Or Not To Be

Another idea for shitycoins ? Don't !
We have enough scam coins now , don't make this world become crowded with another stupid coins.

Spendulus

legendary

Activity: 2926

Merit: 1386

Quote from: ucchausaigon on October 13, 2014, 08:08:16 AM

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...

that'd be a poor idea....

Sutters Mill

hero member

Activity: 976

Merit: 575

Cryptophile at large

Povertycoin? Don't give this alt coin devs anymore ideas, though I'm sure something like this has already been done or attempted anyway. I think if you create a coin just to be given away then it's pretty much worthless. People want to actually own or transact with it, but giving it away will just naturally devalue it. You could also just do something like this with bitcoin if you wanted to be completely altruistic.

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: Elwar on October 14, 2014, 04:48:38 AM

Quote from: ucchausaigon on October 13, 2014, 08:08:16 AM

donate a miner to each family in poverty

A beginning is missing from this sentence.

Who donates a miner to each family in poverty?

And by "donate" do you mean at the point of a gun?

Of course he doesn't. Leftists never mean "at the point of a gun".... at first... and if you do what they saying... but they are pragmatic and willing to adapt to the situation

.

ARadzi

newbie

Activity: 42

Merit: 0

sounds a great idea, the problem is, we do not even know where to start. if you want to help, start from within one's community.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: ucchausaigon on October 13, 2014, 08:08:16 AM

donate a miner to each family in poverty

A beginning is missing from this sentence.

Who donates a miner to each family in poverty?

And by "donate" do you mean at the point of a gun?

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: ucchausaigon on October 13, 2014, 08:08:16 AM

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'.

Wrong assumption. Bitcoin isn't something for liberating the "poor from capitalist world". Actually BTC as a libertarian idea is a very much capitalist stuff.

Quote

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...

Then you should create an altcoin what is merged mined with some of the mainstream coins. If miners want to support your idea, they can mine it.
BTW if you mean taxing, that would be the complete opposite of everything BTC have been created for.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: newflesh on October 14, 2014, 03:50:21 AM

Quote from: Elwar on October 14, 2014, 03:41:17 AM

Quote from: ucchausaigon on October 13, 2014, 08:08:16 AM

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...

Poor people tend to be that way because of the power used by governments to take from them. Bitcoin is an aid for the poor against that power.

What do you think is more likely from a centralized power?
A) Work to distribute that power
B) Find ways to grow that power and make it more centralized

Any other thoughts of "good governments" are fantasies spun as a tool to further build that centralized power.

What about say Venezuela, where the nationalized oil wealth has lifted millions out of poverty? Venezuela even provides discounted oil for poor people in the US....can't remember the last time an oil corporation did that?

You say oil corporation as if a corporation is not a government created entity...

Venezuela's inflation is making the poor poorer. People are turning to the black market to get away from the poor economy there, Bitcoin will save many who can use it to bypass their currency controls. The rest will be lost to the power suck of their handlers.

http://www.reuters.com/article/2014/10/08/us-venezuela-bitcoin-idUSKCN0HX11O20141008

Quote

The price of a bitcoin price has dropped 70 percent to under $350 from a peak last November, illustrating one risk of the digital currency. But Venezuela's own bolivar currency has dropped nearly 60 percent versus the dollar on the black market here in the last year. And a black market dollar costs 16 times more bolivars than the strongest Venezuelan government rate.

"Even though bitcoin is volatile, it's still safer than the national currency," said Kevin Charles, 22, who has just completed an economics degree in neighboring Colombia.

Lethn

legendary

Activity: 1540

Merit: 1000

http://seansoutpost.com/

http://thewaterproject.org/donate-bitcoin

http://curecoin.net/index.php/en/

newflesh

hero member

Activity: 630

Merit: 500

Quote from: Elwar on October 14, 2014, 03:41:17 AM

Quote from: ucchausaigon on October 13, 2014, 08:08:16 AM

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...

Poor people tend to be that way because of the power used by governments to take from them. Bitcoin is an aid for the poor against that power.

What do you think is more likely from a centralized power?
A) Work to distribute that power
B) Find ways to grow that power and make it more centralized

Any other thoughts of "good governments" are fantasies spun as a tool to further build that centralized power.

What about say Venezuela, where the nationalized oil wealth has lifted millions out of poverty? Venezuela even provides discounted oil for poor people in the US....can't remember the last time an oil corporation did that?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: ucchausaigon on October 13, 2014, 08:08:16 AM

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...

Poor people tend to be that way because of the power used by governments to take from them. Bitcoin is an aid for the poor against that power.

What do you think is more likely from a centralized power?
A) Work to distribute that power
B) Find ways to grow that power and make it more centralized

Any other thoughts of "good governments" are fantasies spun as a tool to further build that centralized power.

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Infinitecoin
-low barrier to entry
-mobile android wallet
-90.6 billion in circulation making many available for global use
-30 second average confirmation time making it good for point of sale
-low fees
www.infinitecoin.com

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: ANTIcentralized on October 14, 2014, 12:03:58 AM

Crypto currency was not designed to solve all of the worlds problems, poverty included. Bitcoin was created in order to solve the problem of being able to send money to others in a P2P fashion without having to trust someone to keep track of your balance.

Your suggestion to donate a miner to a needy family is just crazy as there is no reason to donate an income generating asset (that requires no work) to someone without compensation.

I am however surprised that no one has created an altcoin called 'poverty coin' in an effort to cash in on creating an atlcoin that has zero value

There is not "income," but, rather, that death of the world you could know. Cry

Mike Christ

legendary

Activity: 1078

Merit: 1003

Quote from: AdamSmith on October 13, 2014, 11:42:33 AM

People living in poverty, by definition, do not have access to resources such as clean water, electricity and internet.

How can this group support the coin if they don't even know about it?

B-b-but, muh idealism!!!

ANTIcentralized

full member

Activity: 210

Merit: 100

Crypto currency was not designed to solve all of the worlds problems, poverty included. Bitcoin was created in order to solve the problem of being able to send money to others in a P2P fashion without having to trust someone to keep track of your balance.

Your suggestion to donate a miner to a needy family is just crazy as there is no reason to donate an income generating asset (that requires no work) to someone without compensation.

I am however surprised that no one has created an altcoin called 'poverty coin' in an effort to cash in on creating an atlcoin that has zero value

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: RodeoX on October 13, 2014, 12:32:38 PM

We do have such a coin, it's called "bitcoin".

Money is a store of wealth. It is not wealth so you can't just print money and be rich. Your idea of donating a mining machine might work, however. It would work because mining is a productive economic activity. The problem will be the donation. That is where the wealth comes from in your system and someone will have to give their wealth away to make it happen. If the new miner grows his/her business and expands or diversifies then you could help someone out of poverty.

It seems like a better idea is a micro-loan exchange that requires repayment if the business is successful. The hope of repayment with a little interest will bring much more money in the door, even if the primary motive of the investor is helping the poor.

"Money" stores not wealth but rhetoric therefor manifest.

DhaniBoy

sr. member

Activity: 280

Merit: 250

I think for what we have coins of poverty? every living creature in this world, especially human well-being would want in her life, prosperity in all areas of life, politics, culture, economics and politics, especially in the field of economic welfare is the ultimate goal for most people of the world, they are looking for well-being by doing any work that can produce money, for most people of the world, money is a source of well-being ... Roll Eyes

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

We do have such a coin, it's called "bitcoin".

Money is a store of wealth. It is not wealth so you can't just print money and be rich. Your idea of donating a mining machine might work, however. It would work because mining is a productive economic activity. The problem will be the donation. That is where the wealth comes from in your system and someone will have to give their wealth away to make it happen. If the new miner grows his/her business and expands or diversifies then you could help someone out of poverty.

It seems like a better idea is a micro-loan exchange that requires repayment if the business is successful. The hope of repayment with a little interest will bring much more money in the door, even if the primary motive of the investor is helping the poor.

ACAB

hero member

Activity: 636

Merit: 500

We should start in our neighborhoods, try to help poor families, then expand it to our cities and countries. Poor people don't have internet connection. Best thing to do is teaching Bitcoin to middle class families. If they learn howto use it, we can grow exponentially. Imagine middle class in every country know Bitcoin, we can take advantage of transaction flow and help the poor people easier.

Teach Bitcoin to everybody who have internet connection. Expand your environment. Reach more people.

Topic: why do we not have a poverty coin yet? (Read 1331 times)