this is a very interesting question, and i want to answer it, but i’m blanking rn :o
any takers? nostr:note1yaeek5xfsgz2p9jhk3w290t0xrmjcwfg5nst8rnfz5uxgq850d4qdgudxr
this is a very interesting question, and i want to answer it, but i’m blanking rn :o
any takers? nostr:note1yaeek5xfsgz2p9jhk3w290t0xrmjcwfg5nst8rnfz5uxgq850d4qdgudxr
Lots of info already out there, listen to anything by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu and others.
Some aspects of poverty can be partially addressed with a deflationary, difficult-to-confiscate currency because the wealthy can’t simply print more for themselves than others or outright steal it from poor people. Any savings tend to gain in purchasing power over time as well but not in an outsized way if someone has more bitcoin than another. Poor people don’t need to meet minimum investing and banking requirements or expensive education just to get the short end of the trade. They can simply save money where possible and over time do better.
A high level, recent example of this was the wealthy IMF wanting to bail out El Salvador, given “conditions” or repayment and a promise to not use bitcoin. Bukele chose bitcoin instead and did not end up putting his country in generational debt owed to the IMF and actually came out ahead, paying everything off and spurring growth in his economy as well.
There are hundreds of ways. I'll start with Bitcoin prevents purchasing power theft from parents through currency debasement who can then better support their children, who may otherwise live in poverty. It also prevents time theft from the state allowing one parent to stay home rather than both working full time. To understand Bitcoin you must first understand the problems it is solving.