Cryptocurrency to feed the poor?

[jk_14]

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.

[Sithara007]

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.

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.

[galestorm]

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.  

[jk_14]

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.

[LeoEspansq]

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.

[olubams]

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.

[jk_14]

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.

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.

[therewolfslim]

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.

[killgald]

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

[Sithara007]

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.

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.

[matchi2011]

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.

[nappoleon]

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.

[haxllega]

The poor can participate in bunty campaigns from ICOs

[John777]

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.

[Palmerson]

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.

[haxllega]

Jobs are the most important

[chixka000]

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

[Daniel91]

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.

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.

[iluvpie60]

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.

[RealBitcoin]

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.

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.