Bitcoin in India: bitcoin can help end poverty “untouchables” and attract millions of miners

Bitcoin in India: bitcoin can help end poverty “untouchables” and attract millions of miners

Mining Bitcoin can radically change the lives of some of the poorest people in the world and in India. One of the “untouchable” castes, Dalits, joining forces with technical experts in order to “empower rural youth”.

The community of Dalits in India consists of more than 200 million people (!!!) of different castes, were once defined as “untouchables”. According to Wikipedia, “the untouchables” — the name of several castes occupying the lowest place in the caste hierarchy of India. Untouchables make up 16-17% of India’s population. The untouchables are not included in the system of four Varnas. They are considered to be able to defile members of higher castes, especially Brahmins.

Despite the fact that the economy of India was recognized as the fastest growing in the world, and some analysts believe that by 2050 it will occupy the second place after China as a global economic superpower, the Dalits continue to suffer discrimination and exclusion in Indian society throughout their life.

Last week police confirmed the death of farmer-Dalits in Gujarat. The man was beaten to death for possession of the horse in the home state of Prime Minister Narendra modi. And all because of livestock possession is still seen as a symbol of power and wealth in India, Dalits are not allowed.

Discrimination of Dalits extends to all spheres of Indian life and starts at birth.

A study in 2014 showed that in government schools in Madhya Pradesh in 79% of schools Dalits are prohibited to touch the midday meal, 35% of schools they have to sit separately, and 28% they are forced to eat with specially marked plates.

To solve the problem of untouchability will be more difficult than to launch into space, Indian satellite. After all, the number of those traditional Hinduism considers sinners by their very birth, more than the population of most European countries. Give the Dalits the opportunity to benefit from the economic growth of his state tried Indian chamber of Commerce of the Dalits, who together with a blockchain platform Mahabfic launched a series of trainings for mining in 30 cities of India.

The program aims to teach young people everything that is known about Bitcoin, cryptocurrencies, Blockchain technology, mining and entrepreneurship to give an opportunity to rural population to decide for themselves who they want to be.

According to Times Policy, it will be “the biggest in the world the training program on the mining of cryptocurrencies”.

Founder and Chairman of the chamber of Commerce of the Dalits, Sri Milind Kambi, said the program is aimed at “empowering the rural population, especially the youth from the farming community, generate income in your home town or village, which will create new economic development in these areas.”

He said: “the New technology of the Blockchain is the future of technology, and cryptocurrency mining is a prerequisite for the platform’s work.

However, the Indian government is firmly opposed to the proliferation of crypto-currencies through their monetary system.

In February Finance Minister Arun Jaitly announced the government’s plans to tighten the regulation, to eventually discontinue the use of the cryptocurrency in India.

“The government does not recognize bitcoin as legal tender or coins and will take all measures to eliminate the use of the asset subject to funding illegal activities or to the system of payments.”

However, the new program for Dalit hopes to evade the regulation, stating: “We do not advance technology, we are promoting Maharashtra as the ideal place for investment in technology development”.

It is worth noting that, according to some historians, the caste system in time to stop India. The fact that the ancient Indian civilization has evolved much faster in Europe, but then missed the Europeans forward. It is believed that not the last role in this played the caste predestination — the lack of social mobility, as would be expressed today. In India some peasant, wish it to become, say, a scientist, was considered a sinner. Because his religious duty to plow the land. This worldview is negated the idea of initiative and personal success, without which the development of classical capitalism and the modern economy, it is impossible.

I wonder if the program still will not be “strangled” by the regulators and will be widely distributed, how will it affect courses cryptocurrency influx of such a huge number of miners?

Let's Disqus