Post
Topic
Board Politics & Society
Re: Cryptocurrency to feed the poor?
by
krishnapramod
on 22/07/2017, 03:47:05 UTC
Why has nobody created yet a cryptocurrency that will be used to feed the poor? Raising capital now seems more easy than ever. You have ICO after ICO, yet everyone is thinking about making money, but nobody is thinking about helping the needy and creating a chairity.


There was Humaniq ICO targeting the unbanked people in the underdeveloped countries. It wasn't a non-profit ICO. Basically I don't think it is possible to create a non-profit (No owner, no shares of ownership, no investors) ICO or IPO for raising capital to help the needy.

It could be done only through charity or donations, NGOs. Lack in a supply of food, water, healthcare, eduction etc leads to poverty and most importantly a flawed monetary system is one of the major causes of poverty. Bitcoin charities can help with providing basic necessities, but its direct usage provides economic freedom and financial stability thus a countermeasure against a flawed monetary system.

Here's a list of a few bitcoin charities, http://bitcoinforcharity.com/bitcoin-charity-list/