You also need to account for exchange rate and processing fees. Some recipients may not receive 1 dollar. Edit0: Also, I just realised, many poor people do not have means to exchange dollar into their local currency. So sending them 1 dollar through post is going to be a waste. Edit1: Most countries will not allow this due to hawala which creates black money.
Ask HN: How would I send 1 dollar to everyone on Earth?
31–40 of 106 posts
Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#32Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#33You enter into a contract with each national government. It obviously won't be perfect, but I doubt any other method will be better.
Nice one! Reducing 8 billion problems to 195 problems. Additionally, some further improvements are possible. Eg. Redirecting to the EU, instead of associated countries.
Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#34Drones with cameras and facial recognition. And a “money gun” that shoots a dollar at every new person it sees
Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#35So by sending money to everyone in the world you would create problems for a huge population of immigrant workers.
Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#36Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#37Remove $8B worth of carbon from the atmosphere.
Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#38At the risk of been downvoted: you cant. It is impossible. Even if you had $30 billion, and your goal was to guarantee the distribution of only $1 to everyone, it still wouldnt occur with all the excess. When you factor in corruption, fraud, inadequate infrastructure, and vague defining of the parameters. Just think of the edge cases to understand why this couldnt be achieved: 1. A subset of the population will ACTIV…
Re: Ask HN: How would I send 1 dollar to everyone on Earth?
#39Also once you achieve your goal, global chaos will ensue.