April 26, 2024

Bitcoin and charity: a chance for millions!

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Bitcoin could have a huge impact on philanthropy. A huge number of people are dying today, andwithout waiting for life-saving help.They are constantly deprived of money through taxation, inflation and so-called &#171;administrative taxes&#187; (licenses, standards requirements, permits, etc.). Therefore, people become poorer, many die due to lack of money and the high cost of private medicine due to government regulators.

Those who know the monetary theory and those who leadcollecting money in cryptocurrency bitcoin have advantages. Bitcoin is unstable. And this is his advantage. If dollars, euros, hryvnias, rubles are constantly getting cheaper, then Bitcoin is getting more expensive. Therefore, it gives people a chance. If you imagine that you need to raise 80 thousand dollars for a kidney transplant or 120 thousand euros for a new liver, then bitcoin can save you. Big money takes a lot of time. If you collect and set aside 16 thousand dollars today, then in the event that Bitcoin becomes 5 times more expensive, your life will be saved.

Of course, you cannot help the poor and the starving,in my opinion. The reasons for their troubles are not poverty and hunger, but that they do not have freedom. You can feed the poor forever, but they will still remain poor, and some will even begin to seek poverty because of a freebie. The greatest writer Ayn Rand correctly noted that helping those who require help is a crime. But with people with a fatal disease, everything is different.

Millions of adults die from cancer every yearand children. And many can be saved if the issue comes down to finances. The vast majority of those in need raise money in fiat currencies, making, in my opinion, a serious mistake. All fiat currencies are gradually turning into garbage. They are rapidly falling in price, unlike gold, silver and bitcoin. But only Bitcoin has a huge advantage over other money in that it can rise in price sharply and give a person a chance to save his life!

In many countries, charity is veryvery limited. For example, it is prohibited to engage in charity as a business (that is, to receive income from charitable contributions for those in need). Therefore, it often happens that people die without waiting for help. Not all volunteers can live for others 24 hours a day. Others do charity work only a couple of hours a day or even a week. This sad situation has developed due to government bans and restrictions. If charity were a business, volunteers could get paid well for their activities. They would all find time to raise money, happily working for money all day long. Agree, thanks to freedom, monetary incentives and a huge selection of charitable business projects, there will be no need for government &#171;free&#187; medicine, government &#171;social services&#187; or the state &#171;rescue service&#187;. Today people depend on government monopolies that don't care about people &#8212; they are only interested in money (filling the budget, taxes). Without state monopolies, philanthropists would be free to do business, competing with each other for those in need. But so far everything is different.

And then Bitcoin appears! It is banned in a number of countries, as is entrepreneurial activity at charity. But since bitcoin is intangible, it cannot be faked, eliminated or prohibited. Entrepreneurs and their charitable foundations open up new opportunities. Why collect 80 thousand if 8 thousand is enough? Yes, there is a risk that Bitcoin will start to get cheaper, but there is no chance that fiat money will ever rise in price! Today you have collected some of the money in bitcoin and continue to collect in fiat, and tomorrow bitcoin has risen in price and you saved your life or someone else! Thanks to bitcoin, the charity business will also become very difficult to ban or restrict.

With Bitcoin, charity and saving peopletake on a new meaning! And most importantly, the sooner Bitcoin is introduced into the life of each of us, the more difficult the life of international and national bureaucrats will become, which deprives people of careers, education, health and even life! The business in medicine does not stand still. New drugs are constantly appearing, diagnostic equipment is becoming cheaper, and research results are more accurate. All thanks to the thirst for profit! It is profitable to treat and save people! Competition between private medical institutes, researchers, clinic owners, charity business projects and between money will save many lives.

The most important thing is not to interfere with the creation process. Human activity contributes to social evolution and destroys unnecessary state institutions that go against natural processes. And it is very important to note here that it is Bitcoin, as the fruit of human activity, that contributes in every way to this evolution and the diversity that arises from the destruction of state monopolies!

Zurab Daidani