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Author Topic: How blockchain technology can be used for charity?  (Read 102 times)
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May 30, 2018, 06:38:22 AM

It is easy for the charity but I do not think that blockchain can stop the poverty. if there is no poverty, there will be no rich people. I believe that both wealthy and poverty have to exist at the same time. That is how life works. Everything has to have both side

Unfortunately, I agree with you.

For thousands of years people lived in hunter-gatherer societies that were egalitarian.

There was "poverty" at that time, but it was not created by a human factor.

Concept of profit and wealth came with development of private property, 10.000 years BC I guess.

From its very beginnings (in ancient Mesopotamia/Iraq) business served as a driving force of history - it generated new ideas, pushed technological development, even cultural development. In the same way as today. On the other hand, it has created and maintained "artificial" poverty for centuries. So, it's weird. In a way, poverty is the price we pay for the progress that we enjoy today.

But, in a long historical perspective - poverty is just a concept.
 For thousands of years, slavery was a legal and normal thing, today it is not. Polytheistic religions have been normal for thousands of years. Before capitalism, there was feudalism and so on. People have used a bunch of things as money throughout history, and now we are in the crypto currencies.

So, I think the concepts gradually grow old and die of old age. Smiley

Finns already experiment with it - trying to introduce guaranteed minimum income for everyone.

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May 30, 2018, 08:08:00 PM

I think that its transparency is the most important factor. While people who want to show themselves as charitable, like politicians and CEOs, need to be able to provide proof of transactions every time they want to brag about donating to this or that cause. Bitcoin not only does that automatically, but also allows people to monitor the person's payments. This makes it much easier to spot fake donators, or people who do it for the media, while the honest people who do it on regular basis don't even have to mention it. They just have to let people know that this is their address and everyone who is curious about the expenses of his boss or the person they want to vote for, can do it at any moment.
Also, it makes it much cheaper to donate to someone located on another continent since there's no fees. Much cheaper than using PP or WE.
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