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Watched #[0] with #[1] and HODL mentioned there are many people living on like $3 a day. This made me wonder what if there was some sort of way to donate BTC through a "sponsoring" of a group of people within a location like a town in El Salvador or in Nigeria to help their economy and help spread the circular economy of Bitcoin within the area.

It would be awesome to help those living on less than $10 a day and it would incentivize the use of Bitcoin even more! I imagine it would help spread the use to other towns nearby if enough Bitcoiners sponsored people/families with a monthly donation of BTC. Does anyone know if something like this exists?

CC:

#[2]

#[3]

#[4]

#[5]

#[6]

💜🫂🧡

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Discussion

African Bitcoiners 2y ago

We are working on this! We want to have a way for Bitcoiners to contribute to our community members who are saving towards their first million sats on our Million Sat Challenge (https://bitcoiners.africa/million-sat-challenge/). The only thing holding us back is time and coding skills 😁

🇩𝔢𝔠𝔢𝔫𝔱 🇼𝔦𝔰𝔡𝔬𝔪 2y ago

I wonder if #[3] could highlight this or ask if there are any other groups out there sponsoring individuals / families with Bitcoin to help create a circular economy in an area of need?

Pablo Xannybar 2y ago

This is pretty much how El Salvador got started with Bitcoin. There was a large anonymous donation to "Bitcoin Beach" where local merchants traded goods for BTC.

🇩𝔢𝔠𝔢𝔫𝔱 🇼𝔦𝔰𝔡𝔬𝔪 2y ago

The slight difference is smaller monthly donations of the sponsored persons/families in the area by anyone with means to do so.

Pablo Xannybar 2y ago

Yeah I like that idea. Just throwing out a well known example of how your type of proposal does work in real life :)

Blink Wallet 2y ago

This would be awesome. Currently each community project has its own donation page, it would be cool to have a structured way to direct sats to communities on a regular basis 🧡

We've been sending sats to upstart communities so they can have a small budget for onboarding folks. Our zap LN address community@blink.sv will also be redirected to these communities 🤙