How Bitcoin can help Local Communities

[GeorgeJohn]

I'm responding base on the caution or topic sentence of this thread..." How Bitcoin can help local communities" from my own point of view, i understand that bitcoin does not help a community or can not help a community except a situation a community have particular funds of investment and also have a place were they assemble their funds for investment and possibly agreed to invest in cryptocurrency especially bitcoin.. bitcoin can only help individual base it's method of investing in bitcoin, because since i started observing people investment i never seen joint cryptocurrency investment.

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[taufik123]

-snip-
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.

Creating new sources of wealth with bitcoin also requires new innovations that need to be made. Every individual who owns bitcoin assets now starts to make some investments or trades to double their assets.

Local Communities start growing with the help of bitcoin or cryptocurrency. Like El Salvador or in Africa that have adopted bitcoin and made it a legal payment to overcome their economic problems.

[TelolettOm]

It is very possible.
Actually, this may be not really directly, but at least, Bitcoin has changed many people's lives to have better life especially in finance.
Although Bitcoin is said very risky so far and many people don't like Bitcoin, in fact, many communities or people are happy to gain money from Bitcoin.
They can still work even during this pandemic, they can rise up their income from Bitcoin and many others.
Even Bitcoin may be not available as the payment method in a country, at least, this is legal to be used in order to earn money.
Maybe there are still not many local communities that know or understand about this, but it may be spreading to the real world again and again

[AmoreJaz]

It is very possible.
Actually, this may be not really directly, but at least, Bitcoin has changed many people's lives to have better life especially in finance.
Although Bitcoin is said very risky so far and many people don't like Bitcoin, in fact, many communities or people are happy to gain money from Bitcoin.
They can still work even during this pandemic, they can rise up their income from Bitcoin and many others.
Even Bitcoin may be not available as the payment method in a country, at least, this is legal to be used in order to earn money.
Maybe there are still not many local communities that know or understand about this, but it may be spreading to the real world again and again

we can't deny the fact that during this pandemic period, a lot of people here benefited  with their knowledge of crypto. either by bounty programs, or using their skills in programming, artworks ect they used their skills or knowledge how to earn crypto during these challenging times and augment their source of income.
what the OP gave an example may not be important to others but for these Navajo people it is their saviour during tough times. and if they continue to expand, it means more people will get their employment. and this is true to other stories like in 3rd world countries, where their people start to learn how to deal with crypto and how to earn them.

[Wawa2013]

It is very possible.
Actually, this may be not really directly, but at least, Bitcoin has changed many people's lives to have better life especially in finance.
Although Bitcoin is said very risky so far and many people don't like Bitcoin, in fact, many communities or people are happy to gain money from Bitcoin.
They can still work even during this pandemic, they can rise up their income from Bitcoin and many others.
Even Bitcoin may be not available as the payment method in a country, at least, this is legal to be used in order to earn money.
Maybe there are still not many local communities that know or understand about this, but it may be spreading to the real world again and again

we can't deny the fact that during this pandemic period, a lot of people here benefited  with their knowledge of crypto. either by bounty programs, or using their skills in programming, artworks ect they used their skills or knowledge how to earn crypto during these challenging times and augment their source of income.
what the OP gave an example may not be important to others but for these Navajo people it is their saviour during tough times. and if they continue to expand, it means more people will get their employment. and this is true to other stories like in 3rd world countries, where their people start to learn how to deal with crypto and how to earn them.

With the price of Bitcoin getting more and more expensive, this is an opportunity for people who do have knowledge of the crypto world to make
a profit. Even if we compare Bitcoin with other assets, Bitcoin has a better performance. In a pandemic situation where there is a global crisis,
Bitcoin provides a solution as a source of income. Therefore, I have felt the benefits of Bitcoin, trying to help other people in my neighborhood
by educating them about Bitcoin. Because the majority of people in the world do not know Bitcoin properly.

[Fundamentals Of]

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

Is this what it means when Bitcoin claims that it gives back the power to the people? Or this is really how Bitcoin empowers the people? I don't think so. Your example is nothing about Bitcoin really. This is the way capitalism works. This is happening even outside Bitcoin so this is not really the empowerment that Bitcoin distinctly provides to the people. The kind of freedom and empowerment that Bitcoin provides is in financial or monetary terms, particularly that people don't have to depend on intermediary banks, governments, and central banks anymore. Bitcoin makes everybody their own banks. Their transactions are done directly to the person they're dealing with, without the intervention of third parties.

[Olafimihan1986]

Since the introduction of cryptocurrency, Bitcoin the king of all crypto has been soaring high like an eagle in the sky.

Presently in my local community, Bitcoin investment has been of great help to the youths in which it has helped to reduced the rate of unemployment and poverty to some level through various Bitcoin investments most especially during the covid 19 period. Youths now rather invest in Bitcoin than search for Job that pays peanuts because they believe that the more they hold Bitcoin the more the gain.

[rodskee]

It is very possible.
Actually, this may be not really directly, but at least, Bitcoin has changed many people's lives to have better life especially in finance.

for all those who uses bitcoin like us? of course helping our commodities are indeed.

Although Bitcoin is said very risky so far and many people don't like Bitcoin, in fact, many communities or people are happy to gain money from Bitcoin.

lucky that we are all involving and trusting Bitcoin because we know how beneficial and what gives us now.

They can still work even during this pandemic, they can rise up their income from Bitcoin and many others.
Even Bitcoin may be not available as the payment method in a country, at least, this is legal to be used in order to earn money.
Maybe there are still not many local communities that know or understand about this, but it may be spreading to the real world again and again

in totality , Bitcoin and the crypto market is helpful because it is not only bitcoin that represent this amrket but the whole.

[Gosgosking]

Bitcoin boost the economy of local  economy where individuals who are into Bitcoin are financially balance. Like in my community 60 percent of youths are into cryptocurrency investment. Bitcoin have so benefit to local community.

[bitzizzix]

I am more impressed for those who make good use of bitcoin as a source of income and change their life for the better despite being banned but they still use it in their own way, than those who do nothing.
do it independently and also self-awareness we will enjoy the pure benefits of the results of our creativity and expertise which in my opinion is very cool and can add knowledge and also a very extraordinary experience, because then we can understand and also understand the function of bitcoin or crypto well .

[Hippocrypto]

I am more impressed for those who make good use of bitcoin as a source of income and change their life for the better despite being banned but they still use it in their own way, than those who do nothing.
do it independently and also self-awareness we will enjoy the pure benefits of the results of our creativity and expertise which in my opinion is very cool and can add knowledge and also a very extraordinary experience, because then we can understand and also understand the function of bitcoin or crypto well .

Indeed. Presently in our local community, Bitcoin investment has been a great help to all the youths in which it has helped reduced the rate of unemployment and poverty to some level through various Bitcoin investments most especially during the covid 19 period. Bitcoin will totally boost our local economy right now, where individuals are into bitcoin to support their financial needs. Bitcoin have benefitted a lot in our local community as it helps everyone who uses it to even gain for their financial needs and reduce unemployment.

[kryptqnick]

I think the article is pushing it too far with little actual data being available. No wonder that most of it is actually not about Bitcoin, but about all sorts of issues that the Navajo Nation faces. I don't deny those issues and that they should be tackled, but then there's this small section that there's a Bitcoin mining facility that employs 2 people, but it "is a very real source" of future wealth. It's also said that those bitcoins which are mined will circulate in the local economy, but will they, though? If it's a Canadian firm doing the mining, why would they give away their profit to the Navajo Nation?

[glendall]

bitcoin is just a tool to achieve financial freedom, because for its operation it is also challenging so not everyone can enter the bitcoin workspace
However, it is undeniable that the bitcoin community like this forum makes it easier for us to get money from bitcoin itself without having to bother mining,

[ultrloa]

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 .

We see them good at the bullish state of the market we don't see yet how they go when the we are in bear since we don't know if majority of them can take how the market goes since its really not good to the side of people who doesn't know the action to do if they are unexperience towards certains flaws of the market. But if we can see them survive eventhough bad market hits then we can say that this adoption will really help to boost their economy.

[syedakhlaque]

Bitcoin can play a good role against poverty and unemployment. It is not only to increase their financial condition but it also provides them an opportunity to be rich. Bitcoin is a collection of chances and opportunities for all people and all communities. We can start our business on this trade with a little amount while on traditional business there involves risk and big capital.

[proTECH77]

Here are some ways bitcoin can help local communities:
1) Socialize : Those countries that legalized bitcoin in their country make their citizens to be more popular in the community.
2) Transaction failure: Bitcoin came to eliminate errors from the communities transaction and also to make the transaction fast and safe to the users.
3) It will reduce inflation: Those countries that legalized bitcoin in their country are experiencing deflation in their various communities. The price of communities in the community is still decreasing in the market.
4) It reduced unemployment: Bitcoin reduce unemployment in any country that adopted bitcoin in the communities. It creates more opportunities to graduate in the communities to improve to another level .

[Fatunad]

I am more impressed for those who make good use of bitcoin as a source of income and change their life for the better despite being banned but they still use it in their own way, than those who do nothing.
do it independently and also self-awareness we will enjoy the pure benefits of the results of our creativity and expertise which in my opinion is very cool and can add knowledge and also a very extraordinary experience, because then we can understand and also understand the function of bitcoin or crypto well .

For those people who do have a good grasp on learning up crypto then it cant really be avoided that aside from learning the true essence or benefits of it in terms of payment system which they do also have that kind of benefit on where they could really make out money or make  profits if they do really know on what they  are doing.
Although this isnt something  that do comes automatically, you do need  to work still to make it more effective and beneficial.This isnt just an internet money that
do comes with just simply waiting.You do need to work and put up some effort too.

[molsewid]

Bitcoin can play a good role against poverty and unemployment. It is not only to increase their financial condition but it also provides them an opportunity to be rich. Bitcoin is a collection of chances and opportunities for all people and all communities. We can start our business on this trade with a little amount while on traditional business there involves risk and big capital.

It's undeniable that owning bitcoin or any cryptocurrency can be already considered as an asset or wealth and for me this is a big help to the local community and it is already proven. For me, owning crypto especially bitcoin is a privilege that every owner could enjoy like gaining a profitable profit, a worth it investment and of course the opportunity to get rich and enjoy a financial stability at the young age as possible but of course provided that you could handle how volatile the market is.

[dimox]

-snip-
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.

Creating new sources of wealth with bitcoin also requires new innovations that need to be made. Every individual who owns bitcoin assets now starts to make some investments or trades to double their assets.

Local Communities start growing with the help of bitcoin or cryptocurrency. Like El Salvador or in Africa that have adopted bitcoin and made it a legal payment to overcome their economic problems.

my friend start to use villages power to run the mining. he have a power to unite between one person with the other, and he can manage them all, how much they spend and get, and stand till now.
rich people needed to create new poundation, while the other following him and help to develop his project. not only owner, helper will earn profit as much as it can

[so98nn]

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.

I like the very last words here. It’s helping the remote locations!! Yes that’s what we want and as far as remote location is considered the peeps their need this kinda evolution. In my country if you imagine a remote location then you see farms, animals, peeps with less or no contact with the urban areas. Day by day weather is changing and thus affecting the farming also.

It’s time for the digital era! Peeps need to move to newer world where crypto mining farms in rural area can bring amazing workforce and jobs. With this they can understand how the world is moving towards greater life. They could get any kinda job from sweeper to coder or electrical works etc. But it would be a kinda best thing for them.

So indeed this change is amazing and it should be everywhere.