Bitcoin Forum

Why has nobody created yet a cryptocurrency that will be used to feed the poor? Raising capital now seems more easy than ever. You have ICO after ICO, yet everyone is thinking about making money, but nobody is thinking about helping the needy and creating a chairity.

I think some devs should just get together and create a cryptocurrency that will be used to feed the poor, as in:

• Either direct money donation, based on ID (kind of hard to do since a lot of abuse could happen if people claim twice, so it must be made sure that people can only claim once)
• Some kind of food distribution system (I have seen this in many countries), where you work together with supermarkets, that have food which is not expired yet, but close to expiration, to be sent to nearby homeless shelters or needy families. Or a charity center setup in a town where free food is sent to feed the poor. (I think at least food and water should be free in the 21 century). So you can put all the available food on a blockchain, and poor people could claim it afterwards.
• Clothing,education, basically if anyone has some clothes or educational tools like books or notebooks that he doesnt need he can just put that up to the blockchain, and send it to a poor family.

Wake up guys, this is all possible in the 21 century with the wonderful technology of cryptocurrency. So I think people should do more chairity work too, and not just chase profits all day.

I've seen this post previously. To be honest i don't think any crypto could help to finish the poverty issues. It would only help during a campaign or similar, the problem is that you don't only need money, also time and effort. A long and intense project. 

There was Humaniq ICO targeting the unbanked people in the underdeveloped countries. It wasn't a non-profit ICO. Basically I don't think it is possible to create a non-profit (No owner, no shares of ownership, no investors) ICO or IPO for raising capital to help the needy.

It could be done only through charity or donations, NGOs. Lack in a supply of food, water, healthcare, eduction etc leads to poverty and most importantly a flawed monetary system is one of the major causes of poverty. Bitcoin charities can help with providing basic necessities, but its direct usage provides economic freedom and financial stability thus a countermeasure against a flawed monetary system.

Here's a list of a few bitcoin charities, http://bitcoinforcharity.com/bitcoin-charity-list/

I'd rather have people become familiar with cryptocurrency so they can do certain things to earn more money, for example, by trading. Sure donations would help but the goal would be to help the people find their own way to make money. Sure, giving them crypto coins to convert to fiat would allow them to buy stuff and feed themselves but why stop there?

Send them donations and teach them the basics of making money in the cryptoworld. If each household get a regular donation, maybe they can save those (hold) or use that as seed money for trading, loans, etc.

Interesting concept you talk here how use technology to acomplish social problems maybe will be present in future projects who knows.

People need to understand that crypto-currency is a payment medium. It is not a magic bullet to end the poverty around the world. And as long as there is overpopulation, warfare, religion and lack of education, there will be poverty. Unless these evils are wiped out, you can't expect to reduce the number of poor people on a global level.

I want this to happen. But to be honest, it's very unlikely. People are only going to pay in some crypto if only they get something in return. People don't invest in ICOs only because they support the new technology, they also do it because they get something in return that can be potentially higher in value compared to what they invested. Your idea is not impossible, but I think it's pretty hard to plan and create.

Most people did not come to this forum to donate their money, but to earn money. This suggests that there are few willing to invest in such a project.

1. I think crypto would really help here. Make sure the person receiving the donation provide you an address from an exchange that have a KYC policy that only allow one account per person.

2. This would be limited by the geography and the food as well, since some can go bad during travel. This do not necessarily need a blockchain. I've seen apps where restaurants and stores simply post how many items they have available and a truck comes to pick them up to take them to different centers.

3. I've seen places like this, you just put your stuff in some box outside and people are free to rummage through it. Again, the issue would be distribution since unlike money, you can't instantly give people stuff. So basically the "blockchain" is a large warehouse (or a collection of warehouses) where all the stuff would be collected and then redistributed. Obviously this would require money to run. The hope here is that every charity organization would link up with the system and the money they collect would go to running it (though I doubt that).

IMHO though, cryptocurrency would solve mostly #1.

Best way is to feed them the crypto. This could be done by printing out a wallet in text form, and give them the paper to eat.

Sounds harsh. But why not put them to work for what you feed them. You have some odd jobs around the house that need doing. Maybe even hire them at the office.

8)

Make sense but Jeez, feeding the poor thing isn't going to help people too much. How sustainable will such Crypto be. People should be allowed to work for themselves... being dependent on others shouldn't be encouraged atall.  People who really need help are those with serious problems like serious disability, mental health, etc

It the last two to three decades approximately 700 million people escaped poverty.

(More then) 650 million of them were chinese.

Foreign aid like in the last 50 years doesnt work for africa.

It's been done before with some Altcoin and a distribution the problem is that the poor have no idea how to claim those coins
So it becomes a bit of a paradox to do a crowddrop

As I've said with a lot of Bitcoin posts surrounding this issue, I feel that it proves too much of a hassle to be able to do something like this. Like just take Bitcoin for example, if we gave people Bitcoin as a universal welfare system or something along those lines people aren't going to be able to get the real fiat currency out of it to be able to use it in everyday life, this would follow the same sort of thing for a random shitcoin someone makes.

People would rather have FIAT currency as it can be used everywhere, plus the poor aren't going to be able to have a computer / smartphone to access this digital currency anyway so what's the point of even making this? If the people it's going to help are going to be the ones that can't use it, why?

Even if the poor claim these coins, they are likely to spend them quickly for basic necessities such as clothes, food, rent, utility bills.etc. And they will be selling the coins when the prices are low (due to the dump). The super-rich will purchase these coins, and they will be the ones who are going to profit from the crowd-drop later.

I think there were coin projects that supported charity. It's not a bad idea to have a coin that mines % of blocks directly to addresses that are distributed among various non profit organizations. This way the coin would be minable and tradable, like any other, with the difference of giving some value to the poor.

I guess that would be the main obstacle. In poor countries many people do have phone but I doubt all of them have smartphone for wallets. Cryptocurrency might be good for moving money around for NGOs but when actually helping the poor, I think they'll mostly want fiat.

I think cryptocurrency to feed the poor is an amazing idea. You don't see too many people nowadays willing to use actual money to help the poor so why not just invest in a crytocurrency that does it? Less work and more benefits for everyone. Rarely see topics like these anymore.

Well OP you stated it quite clearly capital is easy to raise because people are donating money in the hopes of making more money. Feeding the poor doesn't generate revenue so its not appealing to the masses of people in this crypto gold rush.

People don't see how feeding the poor can generate something positive to society, they don't care about it. It's sad and at the same time real.

I don't think that just feeding the poor will really do much. Somebody needs to set up a kind of system where the poor can learn to feed themselves while still having time to learn about something that they could use to create benefits to society. Of course, this would need funding, but just throwing money or food at people will not solve any problems and only give people an ego-boost in the short term.

Wasn't there a story about teaching a hungry man how to fish instead of just giving him one? Basically that, except upscaled is what is sensible and needed in poor places.

The poor needs good jobs first. Free handouts (in the form of food or money) will do more harm than good. The government must make sure that enough jobs are created, so that the poor will be able to sustain themselves.

I dont think cryptocurrency could end world poverty. People use cryptocurrency for their own personal needs, they are too caught up with the stuff that they want to buy. People dont see that, with their income they could help the poor. Heck even without crypto, billionares could have ended poverty long ago.  

Nobody can solve poverty by just throwing around hand-outs.

The total global money supply (M2) is roughly 70 Trillion. This means that if we equally divide the money up amongst all 7,5 Billion people on earth, each would get a laughable $9333.33 USD. That's absolutely nothing.
Within a few years at best the money will be distributed in roughly the same way as it is now again. This is simply because most people don't understand how to ration their resources. And even fewer understand how to make use of their resources to increase their possessions.
The top 1% are the top 1% for a reason and not all of them are corrupt or morally depraved degenerates. While some of them just got lucky, most of them actually thought quite hard about how to increase their wealth, while the rest is just blindly consuming and living day-to-day.

The only way to end world poverty is by teaching people how to sustain themselves and how to grow their skillsets. Presents will do nobody any good for any substantial amount of time.

Crypto currency is the same money as everyone else and they also need to earn. They can not end poverty all over the world, but those who have earned enough can donate to charity who need financial support.

There have been several charities that  are bitcoin based and are equally doing fine but the issue is, you don't end poverty by giving people food and cloth because they will still need it tomorrow and become dependent on you forever rather bitcoin charities should focus in empowerment where an industry is created to meet the needs of people with funds generated from bitcoin and they be employed to earn a living. Gradually, we end poverty through that.

Most charities are almost outright scams, unfortunately. I would never give to a charity without being 1000% sure that they are going to do something that is productive, sustainable and scalable with the money.

Those who have earned a lot are better off thinking about what they can create that would give people opportunities to sort their own lives out.

The only handouts that can work are by government entities in the forms of a basic income. Something that would ensure that everybody has at least some living space, food and internet. That way everybody could focus on whatever it is that they want to excel at. Private entities do not have enough money for those kinds of hand outs though, it simply doesn't exist.

That said, I still think that basic incomes are inevitable and I'm looking forward to them, even if I won't need them when they're out.

You can feed just a part of them, but that's not a solution for poverty. They need to be prepared for a job or at least giving them the opportunity to work if they want to.

erradicated the poverty is imposible, there can´t be jobs for to many people or the structure to have everybody to feed properlñy in the streets, thats why some people start the ONG to help people around the world

You are absolutely right. Handouts are not a permanent solution. What the poor needs is jobs. Agriculture is not a solution, since the availability of farmland is quite limited. So, they need to be trained for various blue collar jobs in order to earn a living.

Crypto would be a good medium for charitable works though i don't think there's a lot of focus on that yet. Cryptocurrencies hasn't yet reached its full use and is still at an early stage so it's probably going to start building itself first and other businesses before we can go look to doing charitable works wiith it.

It was already done indirectly via bitcoin in a form of donations to create wells and food supply in Africa. I heard that from the Joe Rogan Experience podcast, Joe himself donated some bitcoin.

The poor can participate in bunty campaigns from ICOs

I do not think that you need to constantly feed the poor. It is necessary to create jobs where they can earn their own food and other necessary things for a normal existence.

In many countries even if you work then it's not a guarantee that you do not live in poverty. In developed countries people over a few days can earn more money than in poor countries people earn in a month. Bitcoin eliminates this bias, but it is still too weak to change the situation.

Jobs are the most important

I think that there is no need for us to create a new crypto currency to feed up the poor bitcoin is enough for the job and aside from that. It is the individuals initiative to do this charity works everyone is being too greedy IMO tho there were some of us have tried

It's very nice idea but very difficult to do it practically.
Who will organize it?
Someone have first to earn crypto currency and than give away?
Someone have to organize food distribution in Africa education etc.
Who will do it?
Main problem in Africa is not poverty but corruption.
Because of it, many projects from UN, world governments and world organizations failed.
Other big problems in Africa are political instability, conflicts, wars, lack of democratic tradition, tribal system...
Please, trust me, you can't solve all this problems only with money or help from outside people, no way.

So it would be a crypto that collects fees when used, and when it is used the fees go to feeding the poor or something?

So the miner fees or transaction fees go into a fund and every so often that fund converts into USD and is sent to a specified charity? it could work if it was done through escrow i guess.

Yes it is a payment medium, but it also connects smart people with poor people, so some of the knowledge and technological innovation can trickle down to help the poor.

For example smart people could figure out a way to create feeding network, there were already initiatives like this. Collecting extra food from supermarkets that they would throw away anyway, and send them to poor people. Somebody would create a blockchain to track the food inventory of certain supermarkets that would join this initiative, and the food would be distributed to certain centers where homeless people and other poor people would eat it.

* The supermarket would win by having a good PR, and can just donate food to people instead of spending a lot of money for ads
* The poor people would get free food

It's a win-win, and it's possible with blockchain.

The point is finishing with poverty, which is impossible. They are just  giving them some food that will last a short time, then what happens? They are back to the same place.

I think that the idea is good generally but practically it will be very hard, I agree with the members who said that poverty will never end, because there are many projects and associations  which exciting from sentries who feed the poor people around the world ,but the poverty still existing

The ideal solution is to provide everyone with jobs, so that they can earn money themselves. But the problem is that not all of them want to work. They want to survive on the handouts. So this problem will exist forever.

poverty and hunger is also rampant in our country.
but base on what i've seen in the past simply feeding those who need doesn't really solve the problem.
instead of simply feeding them and making them dependent on what you have, i think its better to teach them become a better person...
.
this is my view..
tnx for reading it...

"Feeding" them would't help them at all. Have you geard the saying "Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime". That's what they need -  JOB. Even if we feed them for decades they will stay poor. Livelhood projects or building bsuiness establishments is what is needed to create more jobs to help them support their lives.

Yes of course there are multiple ways to get people out of poverty but mostly I mean that there are kids there too who are starving, and they can't work , nor their parents if they are starving.

But also you have elderly who dont have money for food, so they need cheap or free food. So I think this idea could help many people.

Of course for average people more jobs would be nice too.

to achieve millionaires goals which set ruled  by UN missions and other UN agencies like world food program to Zero hunger project we have to contact those mission to organize or full adoption of these kind of project . 

The poor are the vulnerable set of people in the society but feeding them with crypto currency is what I really do not understand because, how does it work?  But there is a way to it in which I think its already in place there should be some form of empowerment for the able poor ones as they can then come back and help the society rather than just feeding them and waiting for them to come for more without any form of empowerment.

Among the poor, have many dependents. They don't want to work. They used to live at the expense of grants from the government and charity from people. These will not work even if they are to provide conditions for work as the Minister. This will be the filter for those who want to work but cannot realize itself and those who do not feed at all.

It would help the ones you feed right there and then particularly in a famine type situation, in the long run proper education and a good judiciary system would create a more stable society.

Sooner or later it can happen actually. Crypto world will generate different type of projects in ICO and we will definitely face many other opportunities to use cryptocurrency as a donation & social care for those who are in need.

Check out Biblepay in the ann section. That guy is donating his time and launched a charity coin. With it he sponsors orphans. I guess you can say that is feeding the poor.

Well first we need to fill their belly.

The guys above have said that poor people need jobs. Well yes, but working while starving is not fun. So they need to be fed first before they can work.

You can't just get a homeless guy out of the dumpster and put him into an office to work. First he needs food, clean clothes, etc....

These kinds of things can all be provided by some king of blockchain based welfare distribution sytem.

Some of these current ICO's is being done in poor countries and benefit the local population there.

Yeah i think some are already in the works. Crypto, though independent and decentralized, can have a big effect in helping out the poor. Not in the sense of ending poverty entirely but helping out little by little which for the moment is already a big contribution

Crypto currency can be used as a charity for the poor, but it will not stop poverty, because the food will eventually end soon and money will be needed to buy new products or other necessary things.

I think everybody wants to work, not everybody can work due to disabilities.

Yes it will help them by donations but it will only make them dependant. The government must help them to get job for them to make their own money so that we can teach them to not depend on donations

Talking about impact on our society, I have found that there is a very interesting new project, it is an unconditional basic income project called Swift Demand, every single day you receive 100 coins, without any questions or conditions. With altruistic motivations I would like to invite people to join this platform, maybe the coins here have some real value someday and we all get basic income through blockchain: https://www.swiftdemand.com/users/sign_up?referred_by_name=x777 (https://www.swiftdemand.com/users/sign_up?referred_by_name=x777)

Crypto currency is the same currency as usual. It can be allowed to charity for the poor, but after a while it will end and the poor will again need money for the necessary things.

You are correct mate, crypto could help only to give some profit for the individuals but not the fact, taking out the people into poverty. Unless if the person who get profit into crypto can manage it so well.

Maybe to feed some of the poor but not all of them. We must help poor people by getting them job and work for their own money and not defend on other's help

If you are in the 44 years living a life that means nothing you did in his youth. I don't have this situation, so even if bitcoin will not I will live a normal life. I'm glad that bitcoin is helping you, but you need to try to change your life or you are very bad will finish it.

I agreed if someday has Company create Coin for the poor people,

Lets say PoorCoin. I think will help homeless people.

Maybe not only from ICO, company can share some profit from every transaction maybe 1%

It will help all the poor people.

This is silly. People already donate money, time, things, they don't need crypto for this.

What you're really asking is why don't we all as people who are into Crypto ALL get together and help the needy.

Again, it's an individual thing.

I'm too sleepy, but basically the logic is faulty.

I'm all for helping those who need help, but this like saying to the video game community, "What's the matter with you guys? Why haven't we built video games to feed the poor." Feed video games to the poor.

Wow, for me, this thought is just heart warming. If there would be a campaign or something that would be the main goal is to give to the poor, I believe many would participate. People care about their own lives but when the time comes or they are given the opportunity to help, I think people just have this want or longingness to extend a helping hand.

Crypto currency can not help to feed all people on the planet. I earn a crypto currency only to support my family, but I still do not have enough to charity to do so without harm.

I think it is possible that cryptocurrency can be used to feed the poor but the problem is how can you teach to the poor about cryptocurrency or bitcoin. They will not easily understand it. Also they still need to invest time, effort and even money before they can earn.

If you really wants to feed the poor, you have many other things to do in the beginning:
- To rescue them from the conflict or war zone
- provide them with clean drinking water
- ensure a regular distribution of food
- ensure regular education and security

In order to do all this things, you don't need bitcoin but government support, many volunteers, security...
You can't provide these basic things with bitcoin. Bitcoin, in his story, can come on the end, not in the beginning.

that's the real issue since they are lack in knowledge and capacity to understand this new system maybe if developers will make some portions of their
earnings to build a charity house and give them shelter and food that's still possible to feed the poor.

The poorest of people in the world can not even read or write, it's not possible for them to use crypto because of this.

Well here's another thought. If someone who's raking up a lot of btc each day would be up to it, he can feed the poor through cryptocurrency. People who are earning btcs can join up and make feeding programs to feed the poor. So crypto basically can do it through it's users

The poor do not have internet to use bitcoin, and it's probably impossible to pay in their country with bitcoin. So while to help the poor bitcoin will still have to be exchanged for the usual currency of their country.

Help the poor trough education and infrastructure investments, clean water and through out the dictator in their countries.

The belief of the contribution towards the needy arises only when we think that we hold the key towards excellence in earning BTC. As being a part the crypto-currency world it is our duty to contribute towards the needy ( I personally donate to our locality charity, especially for the upliftment of the children who have abandoned by their parents ) and again since we believe that the Lord rewards those with a helpful heart.
We must also not forget that there are millions in the world who are financially insecure. They need a support to believe that they can also earn in millions and become financially secure. I will dedicate myself towards delivering the knowledge that I have gained and will continue to learn in the crypto-currency world, to the insecure so that they join BTC and become financially secure. I sincerely believe that this a better donation than contribution of BTC to the needy.

this is a great idea and I support it, but we need a leader who will take this money and start organizing this activity...for some reason it is not profitable for anyone, for example, that Africa could be with water...we spend so much money on space exploration, and we haven't the opportunity to give drinkers thirsting? that's bullshit