The point is to keep a bitcoin separately for donation to the poor. Donating a bitcoin directly will make sense if the receiver is aware of the functioning of bitcoin and Cryptocurrency. A poor and / or needy man can be sometimes an educated man or a knowledgeable man who is struggling to meet his ends. Bitcoin can otherwise be encashed and given to the poor.
It is always better to think big. I would rather create a trust or try to invest in healthcare or education of a poor child. All quick helps will not last long. Educating one child by spending a $25000 or more will reap great benefits to the society in comparison with feeding a whole lot of people once with the same money. Though it is not bad to feed but it is better to invest in a system that more than once continually feeds.
Yes I will donate Bitcoin to the poor and needy the way I feel is best useful for them. One percentage of the income can always be set aside for donation. After all, life is short and it is best to help as much as we can.
It is important to give to others who cannot provide for themselves in the current time and you are right in your knowledge that helping at a earlier stage or on a more fundamental level is far more effective. Where we differ however is maybe in the idea of who should provide such things. I see it more as a governmental and societal role that we push for better education and such for a child.
Well,obviously they are poor. They might not know how bitcoin works but convert bitcoin to cash and donate or do random act of kindness that would really of great gelp to the needy and will surely put smiles on their lips. Bitcoin has been helpibg a lot of people already, let's have some time to share our blessings.
Though our intention might be pure and good, it might be very unpractical for them to cash-out their bitcoins for various reasons:
- Being poor means they are morally incapacitated, thus having a stable internet connection might be difficult for them to achieve;
- Lack of any background or knowledge into bitcoin makes you susceptible to scams by people around you;
- They are obligated to have their own e-wallet, which again force them to connect to the internet; and
- There are a lot of alternative options for you to donate rather than giving bitcoin which is much complicated for them to handle
Like what I stated above, there are a lot of options for you to donate instead of giving them bitcoin. The thought of giving them something that is electronic in nature only adds insult to injury in their situation. Though it may be very idealistic, I think that providing them food/clothing or money may be the better solution.