Post
Topic
Board Bitcoin Discussion
Re: How Bitcoin can help Local Communities
by
Kelvinid
on 04/11/2021, 22:08:50 UTC
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.


A lot of things that we can benefit from Bitcoin, not just for investment(profit), use as utility (payment option), but it also gives us job just like you have said. But honestly, not all in the local communities are benefiting from this. Although we can say that it gives a job to some of them, however, only just a few people and those who were not selected have received nothing.

Well, at least, it gives something to the community. And I hope this could be seen by the government and think how this could improve the living of the people and also their economy.