Back in April, I came up with an idea that could rock the world - an attempt to help the homeless with Bitcoin. I am not looking to help the homeless in the same way that the good folks at Sean's Outpost does; I am looking to put Bitcoin directly in the hands of the needy. I hope that one day the less fortunate will have their own Bitcoin wallet as a replacement for a bank account.
We all know that opening up a bank account is damn near impossible without proper documentation, branch manager approvals, and the most difficult of them all - money. So how could a homeless person hold "digital money" without a bank account? Bitcoin.T
here are no requirements to own a Bitcoin wallet. All you need is an address and its respective private key. The problem is, without access to a computer connected to the internet, the financially challenged would be left in the dust during the Bitcoin movement.
The future that I envision is a world where panhandlers would replace their change-filled paper cups with a sign with a QR code printed on it. People passing by the panhandler wouldn't need to have any change on them, they could simply scan the code with their Bitcoin wallet app on their mobile device and send a few bits to the panhandler's Bitcoin wallet. After a long day of digital panhandling, the homeless/needy/hungry person would find a restaurant that accepts Bitcoin and buy a hot meal. They could find a hostel that accepts Bitcoin in exchange for a room for the night. Or they might even save their Bitcoin for a rainy day.
The reality is that the Bitcoin community has a lot of work to do before it is commonplace for Bitcoin to be accepted. That being said, the homeless guy holding a Bitcoin wallet worth a few bucks technically has nothing if he cannot spend it.
Now, think about the latest technology in Bitcoin ATMs. You can trade your fiat for Bitcoin in all of these machines, but the two-way ATMs are going to be the savior for our world's poor epidemic. Imagine a machine in which the less fortunate could exchange their bits for cash. At that point they could spend their cash wherever they need to. They no longer need a computer or a bank account, they simply need a Bitcoin wallet to hold their digital money.
I would love to hear any thoughts on this. Most of all, if anybody would like to help lead this movement with us, please reach out to us. Remember, we are not looking for donations, we are looking for manpower.