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Author Topic: how can the beggars access Bitcoin?  (Read 1721 times)
android17
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January 02, 2018, 10:18:56 AM
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If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?

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January 02, 2018, 10:42:40 AM
 #2

they can get bitcoin in paper form like what you get when using Bitcoin ATM.

pieces of paper with public and private address after that they can import the private key to any wallet "just show the private key to any scanner" and get the money.


Important point

you must have some knowledge and internet access to use bitcoin.

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January 14, 2018, 05:10:22 PM
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Probably through Bitcoin ATM's, though I'm not sure how that would work since Bitcoin ATM's still convert Bitcoin to fiat if I'm not mistaken?

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January 16, 2018, 03:30:37 PM
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They need a smartphone at least to transact, send and recieve Bitcoin.

Yes a paper wallet can be used but you would still need a computer at some point to do transactions. Bitcoin ATMs are not very common and even if they were then you would need to give prepaid cards to the beggar.

At the end the beggar will convert the bitcoin to cash so why not just give cash?
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January 16, 2018, 11:08:08 PM
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If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?

....

The current implementation of bitcoin would need to be expanded (similar to lightning network) to provide a paper money version which could be transferred without merchant gateways or electronic payment verification.

I think if bitcoin were paper money, neither the public key nor the private key would be printed on it. Instead there might be a checksum or a digital signature which could be quickly verified as legitimate using a scanner (of the swipe reader for debit and credit cards) or whatever means. Then later the piece of paper could be redeemed for the amount of btc printed on it and withdrawn to a specific bitcoin address.

For bitcoin to be utilized as paper money, it would need to be easy and convenient to print out pieces of paper (for specific sums) which could be used to redeem btc.

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January 16, 2018, 11:12:17 PM
 #6

Well, the beggars can go to public libraries with internet access and start begging online to earn some pennies...  Cheesy

I don't believe all paper money will be changed to Crypto-Currency, people don't live in a virtual world, in a material world we need material stuf and paper money is part of it. Surely it can decrease a lot in amount, but not disappear completely. Step by step paper money loses its influence and the internet/informatic reaches in more and more places, it's a gradual transformation.

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January 16, 2018, 11:33:37 PM
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If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?

yes that's the constraint, so bitcoin will not replace the paper money, one of the factors is the state of potential users there are not able and some who do not know how to use it, there are still many human resources that are not ready with payment method like this, still it will be a long time to get ready to use bitcoin
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January 16, 2018, 11:37:10 PM
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If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?
Before think of that, remember that bitcoin can not replaced paper money. Bitcoin is just a digital currency where we can create paper money as well as we convert it. I think your imagination was too far and when it happens simply beggar cant access bitcoin especially they doesnt have any gadget and internet but if they have they can.

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January 16, 2018, 11:38:27 PM
 #9

If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?

I think people keep forgetting that bitcoin can be transferred using just a QR code, so people can use normal plastic cards or paper wallets, and use their coins that way. They don't even need a phone, and they can just scan those codes, and use the devices available on stores in order to do just that. Bitcoin will suit everyone, no matter if you are rich or poor. It will actually be even more easy to use, since people don't really need to have a bank account in order to have bitcoin.

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January 16, 2018, 11:45:17 PM
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If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?
It is hard to change paper money into digital currency since most of us are not aware of using it. Well, it can be accessed if there is a free tutorial on how to use it so that the beggars can also come up in cryptocurrency.
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January 17, 2018, 12:35:08 AM
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If bitcoin will use as a international currency or medium of exchange and the paper money is not needed or paper is no longer value we help beggar also by teaching on how to access bitcoin.
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January 17, 2018, 01:04:39 AM
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If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?
This is one point where bitcoin get almost useless. Yes we have paper wallets but can they have access in bitcoin's price? How can they cash out their money? That is why I think, butcoin is not ready to replace cash money, it just turned out that bitcoin gave many benefits that  people wanted to have in money transactions. They just have to exust with each other so people can have choices.
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January 17, 2018, 01:12:02 AM
 #13

beggars can use the money they get from other people to rent a computer and use the net. Through exploring and browsing they will learn what bitcoin is and later on learn how to use it. If beggars began to earn, our streets will be free from beggars

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January 17, 2018, 01:50:04 AM
 #14

If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?

Thats right thats the biggest question if paper money change in bitcoins,because not all have a knowledge about digital currency.will maybe i thinks the only option if this implementation happening in each every country regulated in bitcoin is to have an free education of government program about cryptocurrency especially those beggars person would not capable to educate them self,but all of this things is vision of the future,maybe its happen or not as long there is a plan.

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January 17, 2018, 05:04:13 AM
 #15

If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?
that's the biggest problem only people have a money can access to it. how about on all the beggars its crazy to think right we only need to do is help them unless bitcoin use to crime by the other.

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January 17, 2018, 05:28:38 AM
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There is an app on Play Store named "Virtual Beggar". This can be used for donating any digital currency or virtual money to poor and needy people. But again beggar should have android phone to receive it. They can further use it for transactions as usual.

You cant expect a beggar to receive BTC without smart phone and internet. They are must.
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January 17, 2018, 05:33:33 AM
 #17

Everyone should notice a point, around 1000 years ago peoples do not know about study but in current century even bigger know something about studying and understanding how to use common items by watching others so if there are Bitcoin banks which can scan your private key and provide you money then that can help beggars, they have to just see how it is done in order to do it for yourself. By this they will get some additional features like they can withdraw their money from anywhere in the world are they can at least save their money without going to any hassle to the bank.


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January 17, 2018, 06:20:17 AM
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whatever happens if it happens, when bitcoins replace paper money then the state has no authority to manage finances and maybe the world's banks will close, because everyone can manage their own finances and bank.

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January 17, 2018, 06:33:07 AM
 #19

If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?

First thing first, all fiat will not be converted into bitcoin if every parties that would be involved I.e every class of the society whether rich or poor, old or young, male or female, students or lecturers have been well represented and that is why when a new way of doing things is rolled out, there is always a pilot study.

That being said, eventually when its fully rolled out, beggar the say, does not have a choice which means if he wants to continue to receive alms, he then needs to upgrade to the level of those who are giving him or else he loses out. And thankfully for him, the knowledge that would be needed is basic as he only needs to place a bar code beside him then we all scan and pay him thereafter he does something to buy.

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January 17, 2018, 06:48:17 AM
 #20

Beggars can easily access bitcoin if they want, many gadgets available in low price that beggars can afford, even beggars can access bitcoin if they are interested to access bitcoin. Bitcoin is free to all people who wants to access, but not totally all people are willing to access bitcoin, there are some people also are not interested in bitcoin.

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