Cryptocurrency to feed the poor?

[RealBitcoin]

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.

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[iapple571]

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. 

[krishnapramod]

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.

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/

[Mometaskers]

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.

[mklost]

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

[bryant.coleman]

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. 

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.

[mk4]

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.

[planfox]

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.

[merchantofzeny]

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.

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.

[BADecker]

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.

[Ucy]

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

[criptix]

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.

[freedomno1]

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

[squatz1]

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?

[bryant.coleman]

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

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.

[coolcoinz]

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.

[TheCoinGrabber]

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?

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.

[SativaDiva]

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.

[charlescoin]

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.

[enabledogarmy85]

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.