How Bitcoin can help Local Communities

[Blawpaw]

Bitcoin is empowering local communities a little bit around the world. Native American communities have been stripped from their land and are struggling hard to escape poverty. This time is Bitcoin who is helping the Navajo people. West Block a Canadian mining company requested the Navajo nation to allow them for energy for a Bitcoin mine on Navajo land back in 2017. The company is currently employing 2 workers but has grown and is looking to have its operations increased to have 11 workers which will be hired among the community. The company is not only generating wealth for the community but is also providing them jobs and financial inclusion. This is the true nature of the potential bitcoin has to give back the power to people.

[_BlackStar]

El Salvador has struggled to empower its country by reviving the people's economy with bitcoin, it was a big decision from El Salvador to support bitcoin. Not only society, the state will also benefit from bitcoin. There are many other countries that are starting to struggle to financially prosper society, but they find it difficult to regulate bitcoin as a legal currency so trading and investing and mining is the solution to earn income.

[Yaunfitda]

Bitcoin is empowering local communities a little bit around the world. Native American communities have been stripped from their land and are struggling hard to escape poverty. This time is Bitcoin who is helping the Navajo people. West Block a Canadian mining company requested the Navajo nation to allow them for energy for a Bitcoin mine on Navajo land back in 2017. The company is currently employing 2 workers but has grown and is looking to have its operations increased to have 11 workers which will be hired among the community. The company is not only generating wealth for the community but is also providing them jobs and financial inclusion. This is the true nature of the potential bitcoin has to give back the power to people.

I don't think it's a direct help, but entities see bitcoin as an opportunity to make money out if. Just like what you said, the mining company requested the Navajo people to used their land for bitcoin mining. 2 workers to 11 workers? I don't think it will put a big dent on their local economy, unless they are like 20 people in their neighborhood. Yes, I know that bitcoin has open a lot of doors, but this is just an exaggeration to me.

If there's something that really help Native Americans, it's gaming:

Native American gaming comprises casinos, bingo halls, and other gambling operations on Indian reservations or other tribal lands in the United States. Because these areas have tribal sovereignty, states have limited ability to forbid gambling there, as codified by the Indian Gaming Regulatory Act of 1988. As of 2011, there were 460 gambling operations run by 240 tribes,[1] with a total annual revenue of $27 billion.

https://en.wikipedia.org/wiki/Native_American_gaming

[Kelvinid]

Bitcoin is empowering local communities a little bit around the world. Native American communities have been stripped from their land and are struggling hard to escape poverty. This time is Bitcoin who is helping the Navajo people. West Block a Canadian mining company requested the Navajo nation to allow them for energy for a Bitcoin mine on Navajo land back in 2017. The company is currently employing 2 workers but has grown and is looking to have its operations increased to have 11 workers which will be hired among the community. The company is not only generating wealth for the community but is also providing them jobs and financial inclusion. This is the true nature of the potential bitcoin has to give back the power to people.

A lot of things that we can benefit from Bitcoin, not just for investment(profit), use as utility (payment option), but it also gives us job just like you have said. But honestly, not all in the local communities are benefiting from this. Although we can say that it gives a job to some of them, however, only just a few people and those who were not selected have received nothing.

Well, at least, it gives something to the community. And I hope this could be seen by the government and think how this could improve the living of the people and also their economy.

[livingfree]

Aside from the navajo people, there really are people in different countries that are being helped by bitcoin.

Including those who have invested early and to the people that have been earning bitcoin with their side hustles and other online jobs and gets paid by btc.

This is the true nature of the potential bitcoin has to give back the power to people.

Definitely, we're also the one that enjoys its power for having it. And it's not that too late for the others who wants to know more about it.

[romero121]

This kind of employment opportunities out of bitcoin can't be provided to large number of people. Bitcoin is innovated to provide financial freedom to people. Due to its potential and multiple usage it got termed to be a source that gave life to lots and lots of people through investment, trading and earning.

When we talk about bitcoin helping a community as a whole, it is possible through charity/donation. During the pandemic even in our forum campaigns were conducted and the funds were used to support a suffering community have their daily food.

[Quidat]

This kind of employment opportunities out of bitcoin can't be provided to large number of people. Bitcoin is innovated to provide financial freedom to people. Due to its potential and multiple usage it got termed to be a source that gave life to lots and lots of people through investment, trading and earning.

When we talk about bitcoin helping a community as a whole, it is possible through charity/donation. During the pandemic even in our forum campaigns were conducted and the funds were used to support a suffering community have their daily food.

Cant really denied on how these forum-based jobs not only limited to signature campaigns but also on micro jobs or task that you could see on this forum is really a big or great help  on at least sustaining yourself on buying some food.It might not be much for most people but for those who do live out  on 3rd world  country would really see this as a big or great help at least on this very hard situation.

[SquirrelJulietGarden]

Months ago, Bitcoin mining activities helped to save one water factory in the USA in the wave of Great hashpower migration from the East to the West after China crackdown.

When and where there are new companies, new activities appear, new jobs will be available. It is what occurring when Bitcoin mining is spreading to more nations, more remote local areas worldwide.

[southerngentuk]

Many countries are actually benefiting from crypto, perhaps in fairness it is helping the poor and economically unstable countries. Some countries are subject to the US embargo which makes it difficult for their economies to develop and bitcoin is a useful tool and solution to help them sustain their lives. Earlier this year, when I saw El Salvador accept crypto, I see that they are really taking advantage of the good opportunity for the country to be able to capitalize on the wave of bitcoin.

[Shenzou]

Bitcoin is empowering local communities a little bit around the world. Native American communities have been stripped from their land and are struggling hard to escape poverty. This time is Bitcoin who is helping the Navajo people. West Block a Canadian mining company requested the Navajo nation to allow them for energy for a Bitcoin mine on Navajo land back in 2017. The company is currently employing 2 workers but has grown and is looking to have its operations increased to have 11 workers which will be hired among the community. The company is not only generating wealth for the community but is also providing them jobs and financial inclusion. This is the true nature of the potential bitcoin has to give back the power to people.

I mean maybe not in a direct way, i don't think that actual bitcoin or mining facilities will such a significant impact on the regain or the local community itself, it may create like a dozen job positions, but not at the point where it solves unemployment or bring huge income to them, however in places where renewable energy could created and used to power the mining facilities could make for a significant change to the region, for example for communities who live in the desert region of Africa could benefit from projects that use solar energy to generate electricity, where it could open jobs for creating, maintaining transporting power and even manufacturing solar panels, which could also lead to crypto mining facilities set in those regions the same way we see geothermal being used to mine bitcoin.

[TheUltraElite]

This is the true nature of the potential bitcoin has to give back the power to people.

They used the land to build a workplace and employed the people living there to get a job as a sort of "compensation" for taking their land. While I appreciate the fact that the people were given jobs, it did not change the balance of power towards the people. It also depends on whom you include in the word "people" - the owners of the mining company can also be included in it because they are also using bitcoin.

So my opinion is that using this topic to conclude that the natives got "power" is a wrong conclusion - rather it gave them a job opportunity to work somewhere and earn a living - that is more appropriate.

Owning a land and working on previously sold land as a day worker - these are different things. One would always want the first one and that is what the Natives have been deprived off for long. I am not saying that the mining company is bad, they need to grow and expand too.

[lumierre]

Actually, crypto is a chance for poor people to earn money. Even if you don't have capital to invest, you can invest your time and play NFT games or participate in different airdrops, bounties, ambassador programs. It all requires time but if you need money and don't have opportunity to work in other places, it will be the best choice for you. I have heard a lot of news about people from Africa who earned a lot thanks to Axie.

[Poker Player]

I don't think it's a direct help, but entities see bitcoin as an opportunity to make money out if. Just like what you said, the mining company requested the Navajo people to used their land for bitcoin mining. 2 workers to 11 workers? I don't think it will put a big dent on their local economy, unless they are like 20 people in their neighborhood. Yes, I know that bitcoin has open a lot of doors, but this is just an exaggeration to me.

When I was reading the news I was thinking the same thing. They paint it as a great benefit for the Indian community but who really profits is the Canadian firm. It may be a little helpful but it's an exaggeration, starting with the title of the article that looks like they are all Navajo mining with PCs from their homes.

[lovesmayfamilis]

Actually, crypto is a chance for poor people to earn money. Even if you don't have capital to invest, you can invest your time and play NFT games or participate in different airdrops, bounties, ambassador programs. It all requires time but if you need money and don't have opportunity to work in other places, it will be the best choice for you. I have heard a lot of news about people from Africa who earned a lot thanks to Axie.

I would not call your methods reliable to raise your financial condition.
In the absence of work, sitting on the net for participation in bounty programs or games is, in my opinion, a waste of time, nothing more. But of course, different countries have different needs, and I also see a lot of people here participating in bounty programs who hope to earn something. But as practice shows, almost all works are often in vain.
A better way out would be a deep immersion in the study of bitcoin, and the further acquisition of a profession that will always be relevant on the Internet.

[Kakmakr]

I think Bitcoin (Lightning Network) can make a huge impact on local (rural) communities, if the Internet infrastructure is there to support it. We have seen how M-PESA has been used successfully on mobile phones in Kenya in Africa in rural communities.

The same can be implemented from Apps and wallets on mobile phones with FREE Wifi hotspots in smaller villages, where small retailers do their business. This will give them the benefit of much lower fees and also instant transactions without intermediaries. 

[Dread Pirate Roberts]

Every business will definitely involve new jobs. So it's good to have an impact on other communities as well. and also on the other hand bitcoin also helps a lot to expand one's business. and simplify online payments. when it comes to specifically helping poor people I haven't really seen anything happen in my country because of bitcoin. mostly middle and higher class people get benefit from it .

[Rishabh riyz]

Bitcoin is empowering local communities a little bit around the world. Native American communities have been stripped from their land and are struggling hard to escape poverty. This time is Bitcoin who is helping the Navajo people. West Block a Canadian mining company requested the Navajo nation to allow them for energy for a Bitcoin mine on Navajo land back in 2017. The company is currently employing 2 workers but has grown and is looking to have its operations increased to have 11 workers which will be hired among the community. The company is not only generating wealth for the community but is also providing them jobs and financial inclusion. This is the true nature of the potential bitcoin has to give back the power to people.

Not just the small community but we see that El Salvador which adopted bitcoins as legal tender also is helping and hoping that bitcoins would help them boost their prickliest economy where 1/5th of their GDP   came from people sending money from abroad , this transaction had high transaction fees since there are few banks and the money would be considered in international exchange ,
The country was paying a huge amount in transaction cost and less than 35% of the whole population had bank accounts,
It is said that every citizen were offered $30 which they could use for paying at shops or government taxes .

We see here one of the main reason for adopting could  be elimination of transaction fees in international transfer of money .

[amishmanish]

While it is cool that the Navajo have a mining farm on their grounds now, it is hard to know how it'll help those people get to a better future. It is like any other venture that will provide jobs (to only 11 people).

The part about financial inclusion also doesn't seem very convincing if those people don't already haven't been able to get out of poverty despite the existing support. Crypto is all the more self-driven. You have to be above a certain level for it to be able to help you. I am not sure that small, local Indian communities have that kind of access. You know things have blown out when Zuck comes in to claim metaverse.

[uneng]

Navajo are being benefited by bitcoin indirectly, because they just profit from the rent the company pays in order to operate the mining farm inside their territory. The impact would be much more positive if the native americans were being taught to adopt bitcoin individually and directly, having access to exchanges, virtual jobs, investments and any other kind of crypto related site. This way each Navajo could chart their own path in crypto universe, without having to wait for the good will or success of third party companies to get some pennies from that.

[Coyster]

In my opinion, the best way Bitcoin can and has helped local communities is by giving them a different sort of currency that puts control in their hands as they are their own bank, I do not quite see the presence of the mining company in Navajo as a big plus, the only thing I consider as being an advantage is prolly for the people who prior to this event didn't know about Bitcoin cause this is a sort of exposure to them as they can take time to understand what the network is all about and how it operates.

I've always thought the best thing about knowing Bitcoin is that you can control your funds yourself and I still stand on that, thus when people have control of their funds all to themselves, then they can in turn use that advantage to create wealth, and that's the way Bitcoin has been helping individuals for a while now.