Stable coin can solve poverty

[odolvlobo]

I think stable coins are not the best solution for solve the poverty, the stable value of coins will not increase as in decentralization, so that the decentralization of coins is more realistic for solve the poverty, as did El Savador, Panama and several other countries that are currently open tender for legalization Bitcoin is a very smart solution.

Me too - I don't think that this will do any service to the community - because in my country 30% of the population do not have smartphones. And 20% of the population do not have internet connection. 50% people live below the poverty line. So what do you think the coins would be beneficial to my country to solve poverty problems.

A stablecoin would give 80% of your country access to digital dollars. Digital dollars may be better than your country's own currency, and may give you better access to trade and financial services. A stablecoin won't solve poverty, but it could improve the lives of some people.

[Mahanton]

I think stable coins are not the best solution for solve the poverty, the stable value of coins will not increase as in decentralization, so that the decentralization of coins is more realistic for solve the poverty, as did El Savador, Panama and several other countries that are currently open tender for legalization Bitcoin is a very smart solution.

Me too - I don't think that this will do any service to the community - because in my country 30% of the population do not have smartphones. And 20% of the population do not have internet connection. 50% people live below the poverty line. So what do you think the coins would be beneficial to my country to solve poverty problems.

A stablecoin would give 80% of your country access to digital dollars. Digital dollars may be better than your country's own currency, and may give you better access to trade and financial services. A stablecoin won't solve poverty, but it could improve the lives of some people.

People should see the other way around and we know that Poverty is a global problem that had been tried to be resolved overall the century but still not able to solve it out
thats why its irrelevant that you would really be expecting for a stable coin to solve poverty is something out of context or connection.
Its true that it could improve  the lives of some people but only to those who do know on how to play out in the market and this is something
needing some effort for you to do so.

[Pejoh Asu]

There is nothing special with a stable coin, especially to overcome poverty which has been a problem for the state for a long time, for the note that poverty is a natural law, it will never be lost even though the state gives evenly money to all its citizens, the best thing is to create a system that can make Citizens are more productive such as training and capital loans.

[Cryptock]

There is nothing special with a stable coin, especially to overcome poverty which has been a problem for the state for a long time, for the note that poverty is a natural law, it will never be lost even though the state gives evenly money to all its citizens, the best thing is to create a system that can make Citizens are more productive such as training and capital loans.

The main agenda of the powerful countries are not to let power stabilizer. No matter how much we keep on discussing the poor will remain poor and the richer will become richer.. The destabilizing agenda of the powerful has brought in so much trouble in the world.

[lixer]

People should see the other way around and we know that Poverty is a global problem that had been tried to be resolved overall the century but still not able to solve it out thats why its irrelevant that you would really be expecting for a stable coin to solve poverty is something out of context or connection.
Its true that it could improve  the lives of some people but only to those who do know on how to play out in the market and this is something needing some effort for you to do so.

People can use stable coins for staking to earn and also stable coins can be used to prevent volatile cryptos from dumping hard. These two are the only way that I know that can help people to get out of poverty but of course they need to do it right because if not then these can also make them even more poorer.

It needs an effort to learn crypto activities or even other things which can provide you a good income but if the person is not willing to face it or they are scared then that is already their problem anymore. I guess they don't want to change their lives for the better and they are already used to the life that they have grown with.

[BuNga_cute]

There is nothing special with a stable coin, especially to overcome poverty which has been a problem for the state for a long time, for the note that poverty is a natural law, it will never be lost even though the state gives evenly money to all its citizens, the best thing is to create a system that can make Citizens are more productive such as training and capital loans.

The problem of poverty has existed for a long time, and each country has its own way of dealing with it. But because of the ineffectiveness of
the method, usually poverty will continue to exist in almost all countries in the world. After all, since most humans have greed, usually quite a lot of
state leaders and politicians are corrupt and it causes poverty. So eliminating poverty is indeed very difficult to do, and stable coins are not an effective
way to overcome poverty. I agree with you, it is better for the government to make a program so that the citizens is more productive and can earn
more money. Usually by being given free training which increases a person's expertise in the sector they are interested in, it is usually much more
effective at boosting the economy and reducing poverty.

[milewilda]

There is nothing special with a stable coin, especially to overcome poverty which has been a problem for the state for a long time, for the note that poverty is a natural law, it will never be lost even though the state gives evenly money to all its citizens, the best thing is to create a system that can make Citizens are more productive such as training and capital loans.

Livelihood programs and providing enough work for citizens to raise up themselves and able to survive and sustain on daily living.Dont mind or think about solving
poverty because this problem is a never ending one due to population increase where this is the main culprit on why things cant really be solved or ruled out.
POverty could only be solved out personally but talking as a whole or totally on worldwide scale then this is something that cant really be done.
Dont think about something that could solve out specially on Stablecoins.

[Paul Pogba]

Stable coins is not an instant way to reduce poverty, if everyone is distributed $ 1 billion there will always be poor, maybe to buy a cup of coffee it takes millions of dollars, because the law of the market will always apply namely demand and supply.

[ningrum]

Stable coins is not an instant way to reduce poverty, if everyone is distributed $ 1 billion there will always be poor, maybe to buy a cup of coffee it takes millions of dollars, because the law of the market will always apply namely demand and supply.

Things like that will certainly create a new problem, namely inflation will certainly occur.
so to overcome poverty of course is not that simple,
many parties need to be involved to overcome poverty, especially the government they must make the right policies

[Obito]

Stable coins is not an instant way to reduce poverty, if everyone is distributed $ 1 billion there will always be poor, maybe to buy a cup of coffee it takes millions of dollars, because the law of the market will always apply namely demand and supply.

1 billion USD is a lot of money, you clearly don't know your math, pretty sure that with the number of people that's on the poverty line, billion dollars might be helpful. I agree that stable coins are not a solution but don't throw it away like it's not going to solve anything.

[Pesona1]

Plan to solve
Create usd or other stablecoin like eur or why not gbp...
And make big airdrop.
So everybody will get nice ammount
And exchangers will pay apy like 40-50% to hold

Its instant plan to remove poverty you print money

I think the plan that you make to overcome poverty is indeed quite good, but it looks like it will not be as easy as you say because in the end we will only create inflation and I think the price will not match what we expect in the future, besides the amount of supply will be very high determine whether or not the price is stable in the market and other people may not be interested in the coin that we create without further development of the project.

[Mometaskers]

It's not that simple. You're just basically making more shitcoins. People never learn, it'll just be like another Luna. Even if you can just pump out coins with impunity, nothing's really changing, you are just moving money from one system to another. If you're not generating value, you're not generating wealth.

[Salauddin1994]

Stable currency can never solve poverty. Hard work to eradicate poverty is also a major part of the achievement of economic growth. Although poverty has been alleviated due to the continuous and stable growth of GDP with the increase in human income, there is no alternative to work. Many people get money but can't use it properly some people alleviate their poverty by using a small amount of money properly. It will usually depend on the individual.

[serjent05]

Stable currency can never solve poverty. Hard work to eradicate poverty is also a major part of the achievement of economic growth. Although poverty has been alleviated due to the continuous and stable growth of GDP with the increase in human income, there is no alternative to work. Many people get money but can't use it properly some people alleviate their poverty by using a small amount of money properly. It will usually depend on the individual.

The only thing that can solve poverty is these factors, enough work for everyone with a decent salary and financial management knowledge.  Taking out one of the stated factors will never solve poverty.  Creating stablecoins and distributing them to everyone will don't have any effect on poverty.   For a reason that created stablecoin without any financial backing will never be use to pay for foods, bills, and any items that need monetary value for exchange.

[Sebas.tian]

Poverty is a problem since them, a lot of new presidents already came on every country and yet there’s still poverty and seriously in some country it become more worse every year. Stable coin is not the solution, because if its the solution then why Gold still not able to help many even before the time of Bitcoin?

Good governance, no corrupt politicians and good programs can be a big game changer and that poverty level can be improve. I wonder if these kind of government still exist? Because in my country corruptions are getting more worst.

Yes, good governance can solve poverty because the president has the power to demand a huge amount of money to be print out from the central bank to improve their economy  to end hardship in the country. I believe, stable coins can not stop poverty in a country because it's not everybody in the country that is used to digital currency but it will reduce poverty. I think, some countries that made crypto currency legalized in their countries are really doing well, because stable coins has helped their citizens to make enough money from their crypto investments that helped them to reduced poverty from their environments.

[Bitcoin2009]

It's a good idea if the state stabilizes the coin and then distributes it evenly to the population throughout the country, this can reduce poverty in the short term but will not be able to overcome poverty in the long term, unless the state has a large income so that it can continue to provide welfare to citizens .

[bakasabo]

Yes, good governance can solve poverty because the president has the power to demand a huge amount of money to be print out from the central bank to improve their economy  to end hardship in the country. I believe, stable coins can not stop poverty in a country because it's not everybody in the country that is used to digital currency but it will reduce poverty. I think, some countries that made crypto currency legalized in their countries are really doing well, because stable coins has helped their citizens to make enough money from their crypto investments that helped them to reduced poverty from their environments.

Printing money never helps. You print and give them to everyone. You cant give them only to poor, because rich people have same rights to receive support from government. When people get money all of a sudden, they stop working, because who needs to work now, when you already have money. Less people working leads to increase of demand, because less will be produced and people receive less service. Increased demand leads to price increase. Everything will be expensive, people will have same problems.

[Cryptock]

Yes, good governance can solve poverty because the president has the power to demand a huge amount of money to be print out from the central bank to improve their economy  to end hardship in the country. I believe, stable coins can not stop poverty in a country because it's not everybody in the country that is used to digital currency but it will reduce poverty. I think, some countries that made crypto currency legalized in their countries are really doing well, because stable coins has helped their citizens to make enough money from their crypto investments that helped them to reduced poverty from their environments.

Printing money never helps. You print and give them to everyone. You cant give them only to poor, because rich people have same rights to receive support from government. When people get money all of a sudden, they stop working, because who needs to work now, when you already have money. Less people working leads to increase of demand, because less will be produced and people receive less service. Increased demand leads to price increase. Everything will be expensive, people will have same problems.

This seems like a dream when stable coin will be able to solve poverty. The poor are poor because the gov do not create and why would they let the poor become rich? Who would work for them if everyone will be stable and rich.

[dezoel]

People should see the other way around and we know that Poverty is a global problem that had been tried to be resolved overall the century but still not able to solve it out
thats why its irrelevant that you would really be expecting for a stable coin to solve poverty is something out of context or connection.
Its true that it could improve  the lives of some people but only to those who do know on how to play out in the market and this is something
needing some effort for you to do so.

The main reason why it hasn't been solved is corruption and nothing more. I have watched a docu-series about all the humanitarian help going to Africa and there are nations where the "lord" of that nation (president in most of our nations) literally confiscates all of the donations, and distributes either as it is his help to people, or he just distributes it to people who are supporters of him, anyone who doesn't like him goes starving and usually die. That is just one example of how corruption makes sure that poverty still goes on.

There are bigger versions of course, like how USA military "spends" 800 billion a year, which we all know is just pocketing it directly and nothing more. So from simple charity to 800 billion military complex, and anything in between, it's all because o corruption.

[Hispo]

In my humble opinion, that does not make any sense.
Poverty is not something one can simply make disappear with an airdrop, poverty is more complex than that, involves things like: culture, politics, corruption, geo-politics,etc.

If we want to reduce poverty the first thing to do is to incentivate work, cut expenses on things that unnecesary and hardly punish corruption at any level.

Stablecoins and FIAT are just a vehicle to transfer wealth which as supposedly already created, they do not create wealth out of thin air and thats why printing leads to inflation.