Satoshi Airdrops 1 Million BTC to the Poor

[European Central Bank]

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.

[alani123]

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

[hv_]

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.

[hv_]

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'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.

[hv_]

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

Thanks, have never seen before.

This will end up in giving a single winner all ?

Then I also would expect a big price drop....

[NorrisK]

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.

[BellaBitBit]

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.

[alani123]

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

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.

[hv_]

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

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 !

[~Bitcoin~]

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.

Poor people may have smart phone but do you thing they know how to use all of its function and also what about their accessibility to internet?
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.

[European Central Bank]

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.

[BTCLovingDude]

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

[RealBitcoin]

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.

[OROBTC]

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.

Poor people may have smart phone but do you thing they know how to use all of its function and also what about their accessibility to internet?
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.

[Kprawn]

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. 

[Thatstinks]

If Satoshi gave away 1M btc or any amount for that matter to the actual poor they would be sold for cash fairly quickly. Studies show (like new housing projects for example) just giving things away when no personal sacrifice is made leads to abuse, waste and returning to square one.

BTC for work, time, charity perhaps but just give to the poor straight off, no.

Secondly the poor will always be among us. It does not mean do not help the poor eat and have shelter but giving away btc, no.

[eternalgloom]

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. 

I don't see how Bitcoin itself would be a tool to reduce poverty? I mean, you'd need a pretty big initial investment to be profitable mining and you won't get any free bitcoins anywhere.

[hv_]

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.  

I don't see how Bitcoin itself would be a tool to reduce poverty? I mean, you'd need a pretty big initial investment to be profitable mining and you won't get any free bitcoins anywhere.

In terms of 'do work' - I fully agree (read upthread)
I also agree in terms of give away the pure fish / money - that never helps isolated.
Further I also agree, that there is minimum required:  smartphone...

But let's think in more dimensions - that's what internet and Bitcoin are to me - they now get a chance to finally do some learning & work (due to information & money). This new stufff might be the ONLY infrastructure they will ever have and let them do work & come out of the sh..t.

[PakistanHockeyfan]

Well, the thought of that does sound indeed interesting. Not to mention charitable. I feel as though Satoshi could come back to Bitcoin any time now. I do believe he was staying out of the public eye to just focus on himself, which is perfectly fine. I do not have much of an issue with people trying to recover from fame or an excessive amount of fortune and success.

[Funny]

If he does still have the access to those 1 million BTC it would be very interesting... If he airdrops it that would be even greater, however the price will drop since the poor people will be looking to by food/shelter etc., and they'll try to dump the coins as fast as possible