Replying to Avatar The Other Guy

Because; if it stays decentralised and secure, then it brings about the first global, true free market that has ever existed. It’ll allow the benefit of productivity gains (from technology and innovation) to flow to everyone in the form of lower prices. It’ll reduce the monetary premium that realestate has attracted. It’ll incentivise cheap and renewable energy production.
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Zen<3lofi 4mo ago 💬 1

yes I know that is what is implied/said about the grand and distant future of Bitcoin. “We are so early”.

I am saying it’s interesting and disappointing that the Human Rights Foundation only talks about helping poor people in developing nations. I have yet to see or hear someone discuss how Bitcoin can help America’s working poor.

Basically, if you are a #pleb who is #hodl ing and #stackingsats then that just means that you are most likely middle class.

mayyybe upper class.

Not if you’re in the oligarch class, or the working poor class.

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The Other Guy 3mo ago 💬 1

Falling prices of essentials in Bitcoin terms could benefit the poor working class by increasing their purchasing power, preserving savings against inflation, and enabling low-cost micro-savings. However, volatility, limited merchant acceptance, and barriers like tech literacy or taxes limit immediate benefits. For maximum impact, workers would need to hold Bitcoin long-term, use it strategically (e.g., for remittances), and navigate risks with education.

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Zen<3lofi 3mo ago

your response has 3 parts.

the 1st part is off-topic; still talking about a distant, idealized future.

middle part is an accurate confirmation of the problem: that poor people don’t have access to the benefits of bitcoin.

the 3rd part is irrelevant and contradictory to what was already said. Most poor people lack the ability to HODL long term, remittances from the US are limited in usefulness, and access to education is generally limited . . . chat GPT can be very educational, but only if one thinks to ask *and* knows what to ask… or is shown how to use it - like setting it up in their native language, or having it on ‘speaking’ mode if they are illiterate.