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While I agree that there are a number of challenges around actually utilizing crypto in places like this, you must also agree that some of crypto's unique chara
by joewaltman 8y ago
While I agree that there are a number of challenges around actually utilizing crypto in places like this, you must also agree that some of crypto's unique characteristics are actually very compelling in these situations. For example, it is very expensive to get supplies or money into these 'camps'. The (relatively) immediate and peer-to-peer nature of cryptocurrency is perfect for this kind of help.
- frgtpsswrdlame 8y agoThose characteristics are compelling but unrealized. Your approach strikes me as roughly equivalent to premature optimization. The technical aspects of cryptocurrency that make it interesting are (or at least should be) secondary to the primary goal of actually helping in the present. The answer to your question - how to give crypto to people in need - is to convert it to cash and then give it to them.
- davidcbc 8y agoIn the situation where it is prohibitively expensive to get money or supplies into a place what are you expecting these people to spend their cryptocurrency on?
- Finnucane 8y agoI do not have to agree that cryptotokens have any compelling characteristics.
- X6S1x6Okd1st 8y agoI can lose citizenship, suffer from identity theft and lose all of my physical possessions and still recover what funds I have in cryptotokens as long as I can acquire an internet connected computer.
- Finnucane 8y agoHaving you tokens stolen is probably more likely than those other things.
- gamblor956 8y agoI don't have to agree with any of your response. Crypto's unique characteristics make it even more problematic in the situations you've described, not less. Crypto is by far the worst possible unit of exchange since it actually places additional requirements on people in already unstable conditions, namely, the requirement of stable access to the internet and electricity.