Bitcoin Forum

Ive been seeing a lot of new coins lately, but nothing that relates to helping the poor/people in need.

Can somebody create a coin that helps the poor?

Something that would help people pay for stuff like healthcare/dental, food, clothing, housing, transportation, etc...

I would do it if I knew how.

Does this sound like a good idea to anybody?

How could a coin can help the poor? And another shit will not help anything. people are poor must have their 
own reason.

In my humble opinion Crypto is not about helping the poor. Crypto is about let the people control the economy instead of banks and governments.

And this will help poor in the long term. It will help everyone.

There are no such coin, and I think we are not going to see any such thing. What you suggesting is handing over free money to the "poor". Actually the governments are doing this all the day, from our taxes. BTW how can you persuade healthcare, food, etc. companies to accept this currency? If there are no acceptance then the "poor" have to dump it for fiat en mass what would drive the price next to zero, and who and why would buy these coins?

Any cryptocurrency could be used. For example more than a year ago Doge community donated for water in Africa (don't exactly remember the case, but just one guy alone gave something like 8 or $10k).

Free coins for the poor? YES!!! Thats exactly what Im suggesting.

There is not enough giving in this world. People are too stingy.

Companies would not have to accept the coin if they dont want to, people can just sell the coin for btc and if they want fiat they can sell their btc. Easy...

yes if is has a non corrupt foundation.

we can also make a decentralised insurance coin. TM - I am going to sue who ever steals this idea.  ;)

The insurance coin replaces insurance premiums - a percentage of yearly profit goes towards the poor!

You can't sue anyone until the idea is executed and probably need to be patented. :)

LOL I can sue anyone in fantasy land.

tongue in cheek.

any coin can help the poor. all you need to do is creating a project and fund raise with dogecoin or any coins.
dogecoin already done many campaigns under it belt. what you asking is more scam coins.

Poor is too much generic term. I belive that someone can build a project to push scientific research, especially medical. To create a special coin just to that aim sounds like a scam, you know, someone arrives asking icos, or advertising the ethics coin, and then will be only speculation and bye bye. Maybe with a trust escrow for icos you can create an ethic coin. But it is better to have a trusted escrow to ask some donation to devolve somewhere, just for ethical aim, no profit in that field are allowed in my opinion.

I'm pretty sure various charity coins have been tried/created before (though I can't recall the names of any). Whilst on the surface they may seem like a good and altruistic idea I don't think they'll be seen as anything other than another gimmick coin. I think it'd be better just setting up a charitable organization that accepts bitcoin to be honest.

If by poor you mean someone without money...

https://www.community-exchange.org/

This is what you want. A way to increase velocity of trade. It in essence gives "poor" people community credit.




But you can't save everyone, just like you can lead a horse to water but can't make it drink.

That's what faucets are for.

Startcoin can be used for and have been used to help the poor, among many other things. Example of funded project:

http://s30.postimg.org/rgh9frioh/Funded_5.png

From https://www.startjoin.com/St_Mungos_Broad

Se also this thread: https://bitcointalk.org/index.php?topic=651307.880 (https://bitcointalk.org/index.php?topic=651307.880)

I remember some alt that claimed its purpose was to provide clean water for third world countries but I guess it was a scam. Paying a charity money would have been more likely to help people.

There's already a coin that was supposed to help the poor, its called bitcoin.

Remember that was one of Andreas A's main selling points in his speeches and proselytization of bitcoin.

Of course, all this technology has really only benefited two groups of people thusfar: the children of the 1% and computer-savvy thieves.

Your “poor” could appropriate a greater portion of the (monetary) value of the GEC (https://bitcointalk.org/index.php?topic=776426.0) economy to themselves.