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21 sats \ 1 reply \ @Satoshi53 OP 3h \ parent \ on: Bitcoin Curiosity in Africa bitcoin_beginners
You are right. Survival mode makes long term thinking almost impossible.
This is why practical ways to earn Bitcoin matter more than preaching hodl.
What small income-earning use case do you think could work best for youth right now?
A selfie stick and a smartphone is all that's needed.
Now that there are 50+ million people in the U.S. who can pay a LN invoice with two button presses (thanks CashApp for adding pay an LN invoice from your USD balance), some youth could find a cause, and then do a live stream to raise funds for that cause.
The person doing the livestream would, like most any charity, earn a small cut from the funds raised. That's assumed to occur by most rational western donors.
So let's say that during the livestream the donations total $120, then say $12 goes to person who raised the funds from the crowd. That's still $104 that went to the cause.
But for this to gain traction, there likely would be many livestreams, where donations total $0 or $10 --- before subscribers subscribe, and donors donate.
Donors donate in bitcoin (to an LN Address, or to a zero-amount invoice LN Invoice)
One cause, one show. The funds received (minus the fundraising fee) are used during the livestream, or with a followup video shortly after.
These could be projects like what Zidisha is used for: https://www.zidisha.org/projects
Or it could just be local needs within the community. Many hurdles exist where $70 would make all the difference in the world, and while initially there might be only a dozen or so people watching, even just a few of those viewers feeling compelled to donate might raise enough to make that difference.
This is ripe for fraud (raising funds and not paying out), so maybe the use of Geyser fund or something like that gets set up for each livestream -- and that way there are some controls. But do this week after week and there'll like be a growing subscriber base, and momentum to make an income from it while raising funds for many causes.
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