why do we not have a poverty coin yet?

[ucchausaigon]

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...

[AdamSmith]

People living in poverty, by definition, do not have access to resources such as clean water, electricity and internet.

How can this group support the coin if they don't even know about it?

[Wilikon]

People living in poverty, by definition, do not have access to resources such as clean water, electricity and internet.

How can this group support the coin if they don't even know about it?

Because in the mind of the OP this coin will be a tax coin. It will tax every single created coin, from bitcoin to doge to whatever and use that tax coin to create a poverty coin. Since it is   an amazingly good idea  , people like the OP will push hard to have this implemented or call anyone against this idea racist, elitist and anti poor, or something like that 

 

[ACAB]

We should start in our neighborhoods, try to help poor families, then expand it to our cities and countries. Poor people don't have internet connection. Best thing to do is teaching Bitcoin to middle class families. If they learn howto use it, we can grow exponentially. Imagine middle class in every country know Bitcoin, we can take advantage of transaction flow and help the poor people easier.

Teach Bitcoin to everybody who have internet connection. Expand your environment. Reach more people.

[RodeoX]

We do have such a coin, it's called "bitcoin".

Money is a store of wealth. It is not wealth so you can't just print money and be rich. Your idea of donating a mining machine might work, however. It would work because mining is a productive economic activity. The problem will be the donation. That is where the wealth comes from in your system and someone will have to give their wealth away to make it happen. If the new miner grows his/her business and expands or diversifies then you could help someone out of poverty.

It seems like a better idea is a micro-loan exchange that requires repayment if the business is successful. The hope of repayment with a little interest will bring much more money in the door, even if the primary motive of the investor is helping the poor.

[DhaniBoy]

I think for what we have coins of poverty? every living creature in this world, especially human well-being would want in her life, prosperity in all areas of life, politics, culture, economics and politics, especially in the field of economic welfare is the ultimate goal for most people of the world, they are looking for well-being by doing any work that can produce money, for most people of the world, money is a source of well-being ... 

[username18333]

We do have such a coin, it's called "bitcoin".

Money is a store of wealth. It is not wealth so you can't just print money and be rich. Your idea of donating a mining machine might work, however. It would work because mining is a productive economic activity. The problem will be the donation. That is where the wealth comes from in your system and someone will have to give their wealth away to make it happen. If the new miner grows his/her business and expands or diversifies then you could help someone out of poverty.

It seems like a better idea is a micro-loan exchange that requires repayment if the business is successful. The hope of repayment with a little interest will bring much more money in the door, even if the primary motive of the investor is helping the poor.

"Money" stores not wealth but rhetoric therefor manifest.

[ANTIcentralized]

Crypto currency was not designed to solve all of the worlds problems, poverty included. Bitcoin was created in order to solve the problem of being able to send money to others in a P2P fashion without having to trust someone to keep track of your balance.

Your suggestion to donate a miner to a needy family is just crazy as there is no reason to donate an income generating asset (that requires no work) to someone without compensation.

I am however surprised that no one has created an altcoin called 'poverty coin' in an effort to cash in on creating an atlcoin that has zero value

[Mike Christ]

People living in poverty, by definition, do not have access to resources such as clean water, electricity and internet.

How can this group support the coin if they don't even know about it?

B-b-but, muh idealism!!!

[username18333]

Crypto currency was not designed to solve all of the worlds problems, poverty included. Bitcoin was created in order to solve the problem of being able to send money to others in a P2P fashion without having to trust someone to keep track of your balance.

Your suggestion to donate a miner to a needy family is just crazy as there is no reason to donate an income generating asset (that requires no work) to someone without compensation.

I am however surprised that no one has created an altcoin called 'poverty coin' in an effort to cash in on creating an atlcoin that has zero value

There is not "income," but, rather, that death of the world you could know.

[TECSHARE]

Infinitecoin
-low barrier to entry
-mobile android wallet
-90.6 billion in circulation making many available for global use
-30 second average confirmation time making it good for point of sale
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www.infinitecoin.com

[Elwar]

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...

Poor people tend to be that way because of the power used by governments to take from them. Bitcoin is an aid for the poor against that power.

What do you think is more likely from a centralized power?
A) Work to distribute that power
B) Find ways to grow that power and make it more centralized

Any other thoughts of "good governments" are fantasies spun as a tool to further build that centralized power.

[newflesh]

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...

Poor people tend to be that way because of the power used by governments to take from them. Bitcoin is an aid for the poor against that power.

What do you think is more likely from a centralized power?
A) Work to distribute that power
B) Find ways to grow that power and make it more centralized

Any other thoughts of "good governments" are fantasies spun as a tool to further build that centralized power.

What about say Venezuela, where the nationalized oil wealth has lifted millions out of poverty? Venezuela even provides discounted oil for poor people in the US....can't remember the last time an oil corporation did that?

[Lethn]

http://seansoutpost.com/

http://thewaterproject.org/donate-bitcoin

http://curecoin.net/index.php/en/

[Elwar]

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...

Poor people tend to be that way because of the power used by governments to take from them. Bitcoin is an aid for the poor against that power.

What do you think is more likely from a centralized power?
A) Work to distribute that power
B) Find ways to grow that power and make it more centralized

Any other thoughts of "good governments" are fantasies spun as a tool to further build that centralized power.

What about say Venezuela, where the nationalized oil wealth has lifted millions out of poverty? Venezuela even provides discounted oil for poor people in the US....can't remember the last time an oil corporation did that?

You say oil corporation as if a corporation is not a government created entity...

Venezuela's inflation is making the poor poorer. People are turning to the black market to get away from the poor economy there, Bitcoin will save many who can use it to bypass their currency controls. The rest will be lost to the power suck of their handlers.


http://www.reuters.com/article/2014/10/08/us-venezuela-bitcoin-idUSKCN0HX11O20141008

The price of a bitcoin price has dropped 70 percent to under $350 from a peak last November, illustrating one risk of the digital currency. But Venezuela's own bolivar currency has dropped nearly 60 percent versus the dollar on the black market here in the last year. And a black market dollar costs 16 times more bolivars than the strongest Venezuelan government rate.

"Even though bitcoin is volatile, it's still safer than the national currency," said Kevin Charles, 22, who has just completed an economics degree in neighboring Colombia.

[Snail2]

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'.

Wrong assumption. Bitcoin isn't something for liberating the "poor from capitalist world". Actually BTC as a libertarian idea is a very much capitalist stuff.

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...

Then you should create an altcoin what is merged mined with some of the mainstream coins. If miners want to support your idea, they can mine it.
BTW if you mean taxing, that would be the complete opposite of everything BTC have been created for.

[Elwar]

donate a miner to each family in poverty

A beginning is missing from this sentence.

Who donates a miner to each family in poverty?

And by "donate" do you mean at the point of a gun?

[ARadzi]

sounds a great idea, the problem is, we do not even know where to start. if you want to help, start from within one's community.

[Snail2]

donate a miner to each family in poverty

A beginning is missing from this sentence.

Who donates a miner to each family in poverty?

And by "donate" do you mean at the point of a gun?

Of course he doesn't. Leftists never mean "at the point of a gun".... at first... and if you do what they saying... but they are pragmatic and willing to adapt to the situation .

[Sutters Mill]

Povertycoin? Don't give this alt coin devs anymore ideas, though I'm sure something like this has already been done or attempted anyway. I think if you create a coin just to be given away then it's pretty much worthless. People want to actually own or transact with it, but giving it away will just naturally devalue it. You could also just do something like this with bitcoin if you wanted to be completely altruistic.