How Bitcoin can help Local Communities

[Swordsoffreedom]

~snip
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 .

It has grown exponentially in 3rd class countries and developing countries. In countries that are underdevelopment stage, the unemployment rate is above 50 percent.

Despite being educated, they are deprived of suitable jobs. Bitcoin is a blessing for these educated unemployed. Bitcoin has opened up investment opportunities, trading opportunities, stacking opportunities, mining opportunities for them. I know many people who have chosen trading as a profession as a source of income. With the blessings of Bitcoin, they are now able to live with dignity, as well as contribute to the economic development of society and the country.

[Luzin]

I know many people who have chosen trading as a profession as a source of income. With the blessings of Bitcoin, they are now able to live with dignity, as well as contribute to the economic development of society and the country.

I've known Bitcoin since 2015 and I'm on a journey to this day. Bitcoin became very famous when 2017 achieved a fantastic price increase. Since then I have started to see on various social media people trading. They even show off with their trading results. They also show items that are considered to have a high price to show off. Seeing that, of course I agree with you, that bitcoin can change the economic level of people. They use it as a job called trading. As long as Bitcoin has a price it will continue to be useful for changing the level of the economy that uses it.

[Issa56]

Bitcoin have really helped lot's of people most expecially in developing countries, I personally bitcoin have really helped me, am a graduate which currently I own a business which I started immediately I graduated from my higher institution with the fund I got from bitcoin which also bitcon really helped me during my higher institution to pay my tuition fee and other thing's like that which I learnt everything about bitcoin and cryptocurrency on Bitcointalk so I really appreciate the forum and I appreciate bitcoin.

[Blawpaw]

Anthony Pompliano just posted a video on the Navajo mining Bitcoin. The Navajo are mining with clean energy produced from solar panels installed in their own land. Apart from stepping ahead towards their economical independence, the Navajo are also setting an example by going 100% solar with their mining operations.

[Shasha80]

Bitcoin have really helped lot's of people most expecially in developing countries, I personally bitcoin have really helped me, am a graduate which currently I own a business which I started immediately I graduated from my higher institution with the fund I got from bitcoin which also bitcon really helped me during my higher institution to pay my tuition fee and other thing's like that which I learnt everything about bitcoin and cryptocurrency on Bitcointalk so I really appreciate the forum and I appreciate bitcoin.

Many people are helped by the existence of Bitcoin, I'm glad you can pay for college from Bitcoin. Actually on this forum I've read a lot of stories of
people whose economy improved after getting to know Bitcoin. That also happened to me, at first I didn't believe in Bitcoin either, I thought Bitcoin
was a scam. But after I study properly, it turns out that Bitcoin can give us the opportunity to make money and it's true that I can profit from investing
in Bitcoin. Although I also initially suffered losses, because I made some mistakes when investing in Bitcoin. But slowly I began to correct
my mistakes, and finally I was able to buy a lot of stuff from the money I got from investing in Bitcoin. I am very grateful to Satoshi Nakamoto
for creating Bitcoin, he created something that can help many people in the world.

[Mahanton]

Anthony Pompliano just posted a video on the Navajo mining Bitcoin. The Navajo are mining with clean energy produced from solar panels installed in their own land. Apart from stepping ahead towards their economical independence, the Navajo are also setting an example by going 100% solar with their mining operations.

Would really be that feasible? Considering the cost of solar panels and how much you've be needing specially on replacing  battery if you do  intently mine for 24 hours then

i would say that its just too nonsense on making some mining operation if you do know that ROI would be longer but if its for the sake of interest then its considerable.
Aside from mining  part there are various ways on which you could  really take advantage on this  market it is just  depending on someone on how they'll  do it.

[TelolettOm]

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.

Exactly, crypto really helps many people. We know how hard the condition and financial systems were during this pandemic. I am personally really blessed that I know the crypto industry before this pandemic so that I still can earn income during this hard time.
And this is only a small example of how crypto can help many communities in the world.
I am sure that many bigger communities are coming here and gaining many more profits and benefits from the crypto industry.
Moreover, crypto doesn't limit anyone to join. Whoever wants to learn and work and have involved in this activity, they are welcome.

[dupee419]

I think in general, people who have started crypto around their local communities are actually growing, not only for those who have started but for those who have been influenced as well, and I can assume that not only Bitcoin but crypto generally has helped a lot of people overcome or get out of poverty, I have a friend who was able to even buy a car just by trading and hodling, investing on worthy projects, and after that, he influenced a lot of his friends to invest on Bitcoin as well, Bitcoin does help local communities.

[AhmadM]

Exactly, crypto really helps many people. We know how hard the condition and financial systems were during this pandemic. I am personally really blessed that I know the crypto industry before this pandemic so that I still can earn income during this hard time.
And this is only a small example of how crypto can help many communities in the world.
~

I believe during the pandemic situation bitcoin was becomes a really great help for many people as a new way of source incomes, since they couldn't work like usually they did before the pandemic, which at the time has forced them to look for other ways of earning from their own home.

~ Moreover, crypto doesn't limit anyone to join. Whoever wants to learn and work and have involved in this activity, they are welcome.

Keep in mind that scammers also could enter the fields too, so we need to be more vigilant and educate ourselves in order to protect our crypto assets.

[taufik123]

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

What your friends are doing is a real form of innovation using bitcoin for the welfare of society. Mining with village power and uniting them to be equally involved in the mining process with shared profits.
I even recently heard of village groups starting to mine as you describe.

the power to unite the community and develop a bitcoin mining project in your friend's village is a tangible manifestation that the village community wants to move forward and can keep up with the times. all parties will benefit and get their respective benefits.

Maybe you can make a thread about bitcoin mining in the village that your friends do. because it's very interesting.

[famososMuertos]

The benefit must be global, but ultimately the regions are giving effervescence little by little with Bitcoin in many ways, some creative or informal, others under the scheme of formal entrepreneurs.

Yes. In fact mining generates a source of work, but in reality, I believe that the real benefit  this case is to give the knowledge and finance the Navajo people to make themselves experts. Let's be honest here there is money interest, Win-win does not exist in the equivalence of 50-50, never.

Why they do not leave the Navajo people with knowledge and the ability to pay for loan at least in first instance.

[yazher]

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.

It really gives more opportunities to the local people especially when they build a huge bitcoin mining facility, they will need people to maintain it. More likely it will be best for the countries that do not have many jobs for their citizens. Bitcoin mining facility will surely be another job list for them. However, if they build another program that will benefit everyone from bitcoins, that would be great. especially those people who do not qualify for technical jobs that required experience.

[geegaw]

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.

Exactly, crypto really helps many people. We know how hard the condition and financial systems were during this pandemic. I am personally really blessed that I know the crypto industry before this pandemic so that I still can earn income during this hard time.
And this is only a small example of how crypto can help many communities in the world.
I am sure that many bigger communities are coming here and gaining many more profits and benefits from the crypto industry.
Moreover, crypto doesn't limit anyone to join. Whoever wants to learn and work and have involved in this activity, they are welcome.

This industry shows that it is a very good field in the time of the pandemic, the workforce has never shown any signs of reduction and only shows signs of increasing, supports quite a few people who are already unemployed but compared to the actual volume, this rate is not too high and to be honest, every community around the world has only a small group of people who like crypto. Although called there is no age limit and can start from zero but bitcoin is no longer in the early years of welcome, wanting help requires pre-existing capacity, not a blank sheet of paper and asking for support

[Blawpaw]

Anthony Pompliano just posted a video on the Navajo mining Bitcoin. The Navajo are mining with clean energy produced from solar panels installed in their own land. Apart from stepping ahead towards their economical independence, the Navajo are also setting an example by going 100% solar with their mining operations.

Would really be that feasible? Considering the cost of solar panels and how much you've be needing specially on replacing  battery if you do  intently mine for 24 hours then

i would say that its just too nonsense on making some mining operation if you do know that ROI would be longer but if its for the sake of interest then its considerable.
Aside from mining  part there are various ways on which you could  really take advantage on this  market it is just  depending on someone on how they'll  do it.

If they are doing it, it is because it is feasible. Thing is, they have found the right companies and made the right partnerships to get this going. I guess the initial cost for getting a BTC mining operation going 100% solar it a lot higher than running on a grid, but on the long run it is a far better investment

[fiulpro]

I think bitcoins can help local companies to expand their business as well. When we are taking about local communities what we can see is immense potential, regarding local crafts and many more things and people generally remain unrecognized since the middle man usually takes away the bulk of profit. This is actually what happens in many Asian countries, they have a lot to offer but unfortunately a lot of corruption and huge gap in MRP and the price that are paid to be local people. ( Plus they can go international as well)
Using cryptos like bitcoins could be a great idea, they can set up their things online, which would ofc need help from other tech savvy people but at the end of the day they can have a full blown business. During quarantine, local communities are what's supporting the whole Nation therefore I do think this is what they have been missing so far. An essential tool to bridge the gap.

[Ararbermas]

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.

correct some of the country struggling but the fact that someone stopping them to adapt bitcoin is the common reason its still very impossible for them as well to have freedom and chances to change their current status using of this very optimistic asset. So all i can say is government is very unfair wherein they all just relying where they can get benefits but when it comes to the community they all ignore it.. Very biased! They're are the true whales when it comes the in real life.

[CryptocurencyKing]

~snipe~

That number is kind of small but in a way, it provides some income for a few community members and in turn take the family off hunger and possible crime should they be paid good. Its a plus for them.

Though, when it comes to bitcoin and native or rural communities, its somehow a problem. Most individuals that resides there are often aged forks or persons that aren't so learned and are not privileged to own suffisticated devices (as I know it with a few African communities) looking at the way technology has advanced. So, the stip growth of the system poses a problem and unfortunately, we can't help it but only hope they benefit indirectly from means such as above and the employment opportunities funds generated from bitcoin investments can create.

[Vaskiy]

The incident mentioned in the opening post is a way how bitcoin have benefited a community through some means. The same won't happen with other communities. They are in need of the proper location for the mining firm and when the business got widened people of that community is given the opportunity to work on it. Similar way of providing opportunities weren't possible everywhere. As of now the sources that pay bitcoin is very limited.

In my understanding there needs to be someone who is good at technology. In some parts of the world Tribes used to create decorative products that can't be made elsewhere. Those things can be added for trade and the profit can be given to the tribes life uplifting.

[Reatim]

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.

but the big question is that , did the company really helping the Navajo community or it is them who is benefiting maximum in this situation ?

employing that small amount of worker does not really reflect in what the point of this thread, at least helping the local by providing jobs and financial aid for the majority and not just for few.

But at least this brings Job and that is the most important thing.

[dimox]

What your friends are doing is a real form of innovation using bitcoin for the welfare of society. Mining with village power and uniting them to be equally involved in the mining process with shared profits.
I even recently heard of village groups starting to mine as you describe.

the power to unite the community and develop a bitcoin mining project in your friend's village is a tangible manifestation that the village community wants to move forward and can keep up with the times. all parties will benefit and get their respective benefits.

Maybe you can make a thread about bitcoin mining in the village that your friends do. because it's very interesting.

im not sure to make a thread, but he really use the opportunity to recruit as many as he can. thats hard to start, but he ask from his family with different house, than just spread to his neighbour. not only younger, but some older start and already know how to do it.
and it can be positive income for them, not only by work offline, also getting salary from online.