why do we not have a poverty coin yet?

[bonbon]

Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?


every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.

donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries

I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?

when dogecoin exists with community support, why not liberate coin...

[Kiki112]

you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?

[bonbon]

you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?

thought it through. its not just about giving them miners and disappearing but like any other social service you help them adopt.

miner is enough and no need for a computer, central servers take care of distribution and send their balance on to an m-pesa like basic phone service.

Scaling down technology isn't the challenge here, but the commitment to do. Hopefully that day isnt far off.

[Kiki112]

you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?

thought it through. its not just about giving them miners and disappearing but like any other social service you help them adopt.

miner is enough and no need for a computer, central servers take care of distribution and send their balance on to an m-pesa like basic phone service.

Scaling down technology isn't the challenge here, but the commitment to do. Hopefully that day isnt far off.

that's quite a big investment, how would you gather the funds for that?

take notice that all the poor people need to be in one place if you provide electricity and that makes you elgible to help only one place/town even though it would be such a high price 

[bonbon]

you can give them miners but who will give them computers and who will pay for their electiricty?
who will teach them how to use cryptocurrencies and online accounts, who will pay for their internet and apartment where their PC will be?
you didn't think this trough, did you?

thought it through. its not just about giving them miners and disappearing but like any other social service you help them adopt.

miner is enough and no need for a computer, central servers take care of distribution and send their balance on to an m-pesa like basic phone service.

Scaling down technology isn't the challenge here, but the commitment to do. Hopefully that day isnt far off.

that's quite a big investment, how would you gather the funds for that?

take notice that all the poor people need to be in one place if you provide electricity and that makes you elgible to help only one place/town even though it would be such a high price 

steps:

donate miners, poor people pay their electricity(thats their small investment), coins are sent to a bitstamp like server which manages account balances with sms over the telephone network. (there bitstamp like servers can be more than one to make it decentralised), promote the usage of this liberty-coin in urban areas, purpose+efficient currency

[Mike Christ]

A coin is just a unit of account, it has no value in itself; you're better off just giving charity to the poor as this currency will be no different than any other, and even then, it doesn't solve the core reasons why poor people are poor to begin with (e.g. warlords who call themselves "government" stealing their life, liberty and property--or said differently, democide, law/regulation, and taxation/eminent domain.)

Even ignoring that, people who are actually poor--i.e. nobody in the wealthy western nations--don't have the infrastructure necessary to use bitcoin or any of its incarnations.

[Kiki112]

steps:

donate miners, poor people pay their electricity(thats their small investment), coins are sent to a bitstamp like server which manages account balances with sms over the telephone network. (there bitstamp like servers can be more than one to make it decentralised), promote the usage of this liberty-coin in urban areas, purpose+efficient currency

how will they pay for electricity if they're poor?
what if they're homeless?
they need internet too for this  

[Vod]

Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?

World's population is 7.1 billion.

[Kiki112]

Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?

World's population is 7.1 billion.

and we don't have 1.3billion people using crypto coins which means that every single one of us should buy more then 1 miner for the poor

[bonbon]

Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?

World's population is 7.1 billion.

out of 7.1, 1.3 is poor . deduct that and 5.8 can help

[dank]

Money can never solve poverty, for the very cause of poverty is greed.  There is enough food to feed 10 billion people.  There are greater motives that will never remove poverty through a monetary system.  As long as we base our society off greed, the disparity of wealth will continue to exist.

We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.

[bonbon]

Money can never solve poverty, for the very cause of poverty is greed.  There is enough food to feed 10 billion people.  There are greater motives that will never remove poverty through a monetary system.  As long as we base our society off greed, the disparity of wealth will continue to exist.

We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.

First constructive comment I was looking for! Well said

[skilo]

Money can never solve poverty, for the very cause of poverty is greed.  There is enough food to feed 10 billion people.  There are greater motives that will never remove poverty through a monetary system.  As long as we base our society off greed, the disparity of wealth will continue to exist.

We can, however, end poverty, and tyranny, by simply abandoning money for a resource based society of sharing.

First constructive comment I was looking for! Well said

I think a resource based economy might could work if done correctly, As technology continues to progress eventually we will reach a point where human beings will no longer be needed to do manual labor, Machines will be capable of fully automating factories, warehouses, etc, As more and more people down on main street loose their jobs or become under employed there will be no one left to purchase goods or services, The system will start to break down.

Eventually this system will fail but it's hard to pin point when, The how is clear but the when is harder to know.

 

[joethejudge77]

Poverty is one the eternal problems and I am not sure if bitcoin has enough  power to help to solve this problem as it has its own problems and too young for this task

[Wilikon]

Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?


every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.

donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries

I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?

when dogecoin exists with community support, why not liberate coin...

The Dollar, the Euro are the poverty coins already.

[bonbon]

Cant the world's 6 billion support 1.3 billlion in extreme poverty using crypto coins?


every passing day I believe in bitcoin for its power to liberate the poor from capitalist world that cares less about people 'born poor'.

donate a miner to each family in poverty and support the mined 'liberate-coins' by using/promoting them in developed countries

I really feel helpless waking up everyday for not being able to execute this. How can we make it happen?

when dogecoin exists with community support, why not liberate coin...

The Dollar, the Euro are the poverty coins already.

I mean 'we are born with a bank balance in Euro/Usd. The poor people must be given pre-mined bank balance of coins. when those coins gain support, they gain value.

[Kaligulax]

Why we should have poverty coin??? we dont need something like that   

[skilo]

Mining really isn't profitable anymore unless you have a lot of money to invest in the newest asic hardware, It's really become pointless to do because the returns would be fairly small and it's a never ending rat race to always have the newest hardware when the difficulty goes up and of course the mining hardware continues to get more and more expensive as time goes on.

[Wilikon]

How about this:

We give every new born a balance of $5M. For his whole life. If he can't manage his 5 000 000 units before his natural death, then no one can bail him out and him being poor would be his full responsibility.

Would such an utopia be "more fair"?

[bonbon]

How about this:

We give every new born a balance of $5M. For his whole life. If he can't manage his 5 000 000 units before his natural death, then no one can bail him out and him being poor would be his full responsibility.

Would such an utopia be "more fair"?

fair but not practical. giving any USD or EUR to every new born devalues the currency that is in hands of rest of people. Instead if you start a crypto for that purpose, the coin value is 0 when pre-mined and is distributed.. value increases if there is support to those new borns from the rest of the world. support by using those coins.


not the best explanation but I tried to put together my thoughts