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by publicfig
2811 days ago
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I can't think of a situation where a donating cryptocurrency would be better than a donation of fiat cash to the same groups. Honestly, I can only see negatives from going down that route (lack of accountability for fund usage is a major one) and very few, if any, positives. If the concern is volatility of the local fiat currency, make the donation in another more stable currency. Cryptocurrency will only add to that instability. >There is a growing body of evidence suggesting that the best way to help poor people is to give them cash, rather than traditional support like food, medicine or training. I've not seen this (but have seen the inverse often); do you have any references or examples? |
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[0] https://www.economist.com/international/2013/12/12/pennies-f...
[1] https://en.wikipedia.org/wiki/Mincome