I was close to Living On Lower Wacker Drive in Chicago at one point in my life. It scared the Hell out of me. I got my rear in gear, and it didn't happen. Lucky me. However as I read your article here, I wondered how Bitcoin could be a help to homeless and disadvantaged people. I was thinking of some kind of Blockchain, or token that could easily be given to a person in need. I did come across this article, which might be helpful. https://www.wired.com/2013/09/bitcoin-homeless/
I think crypto could be really helpful to the homeless. I think if they were to access a computer and blog about their experiences here on Steemit they would make for very interesting reads! Be safe and prepared.
Interesting, what did you do to stop it from happening to you?
I don't see crytpo helping homeless until they have increased access and education on computer use. .....or until crypto becomes more understandable by the masses
Sure, crypto can't help everyone, but it might be able to help some. A lot of the homeless I'm seeing are younger than me so there is much more likely a chance that they can use and have an easier learning curve to something which might help them. For the older ones that grew up in times without using a computer then something based on what they are interested in and place them in an environment where they can learn and develop that interest and skills and get some remittance from it they could trade for everything they are currently without.
Money is an interesting concept in itself. Funny enough, I remember I think in economics class we learned about this one culture where they used these huge sandstone discs with a hole in the middle, for money.
Why did they do that? I don’t know, I think maybe so it would be harder to steal money. The stones were never moved, bu everyone know who owned them.
So I guess different money systems have their advantages and disadvantages. Some are better at solving certain challenges associated with money, whether it be liquidity, making it harder to steal, making it easier to carry, etc.
That rings a bell. Yeah ultimately money's worth is what society decides it is
Yes and traditionally this was associated with finite resources like gold and silver, which actually are worth something. They are cemented into history and all of human history as a resource that holds it's worth. Unlike this infinite fiat currency which can be magicked out of thin air. The only good thing about fiat currency is it's 100% failure rate.
Fiat money is crazy if you think about it. It means that there is no intrinsic value to the money itself, or it is negligible. Back in the day, when people used to have silver and gold money, now that seems to make more sense, because those metals have intrinsic value.
You can actually use them for something. But still, they are also a bit fiaty, because I mean, you are probably not gonna go and melt the gold you got for your sheep or whatever and use it for a filling in your tooth. I guess the only real non-fiat situation is where you barter. In other words, I give you three sheep for one month’s accommodation, or I give you 10 loaves of bread in exchange for 1 kg of coffee beans. Some people still do this to avoid tax I think.
Yeah, ive often pondered that conundrum with fiat money @pjcswart
Like even as a kid i would wonder why we had to use paper to pay for things. "Oh bevause it is backed by gold"then why can't i have the gold instead mommy ? "You just can't"
Oh the future "burden" ill have if my kid is as inquisitive as i am. Lol.
Bartering would be nice to avoid taxes though
Well it went like this! I let go of some of my stupid pride. I went to see my father who had basically abandoned the family after a nasty divorce. I told him, I wasn't looking for any kind of money or handout. I told him I was real close to Living in a cardboard box under a viaduct. I asked if he had any ideas about any kind of job he could help me get.
He got back to me in a couple of days, and had set up and interview for me to work at a Car Rental Company that was right down the street from where he worked. I went in and Talked to this Jolly - Big - Bohemian guy about becoming a Car Porter. He said yep - he could use some help. One stipulation however. I would need to cut off that long Hippy Pony Tail hair that I was so proud of for so long. That decision took me about 2 seconds, and a 10 minute trip down the street to get that hair cut. I got the job, and worked my way up to office manager eventually. One of the best jobs I ever had, and that Big Bohemian became one of my best friends for life. I transformed from Hippy to Yippie along with just about 95% of everybody else in that generation.
Where are you from great story!