How does bitcoin fix the money, when 90% of the world can't even afford it, at today's price.
I'll wait.
Discussion
Everybody can afford it. Not a full coin maybe, but everybody can afford some Sats or put in productivity to earn some Sats.
99% of the world just don’t get it yet
You don't have to buy a whole coin.
Just sold 3.3M sats to pay bills and still need more bitcoin to sell to finish paying them.....
I'm sorry you had to sell. Hopefully you had some gains on that.
Lost $7 from the timestamp I got it and another $15 when selling.
It was my check from work that was paid in bitcoin...a day early too...
I really just don't see how bitcoin is supposed to fix the money anymore when one must first be able to have enough fiat to buy or mine bitcoin and then be able to afford to save it to actually benefit from what bitcoin offers, whilst the fiat step is broken and only a handful of people(usa) can afford to save any sort of value...
Would really love your take and opinion on this man...
Owning BTC doesn’t help you today.
It helps you years from now when 3mm Sats are worth the ewuilivant of 3mm dollars.
But we don’t live in the future, we live in today.
If you can’t afford to save, you need to figure that part out first.
Keep it real that's a very very long answer to your question but overall it build on code aka trust, proof of work secures the network. Bitcoin can be bough in fractions so people could get in.. It's still early and once the network stables out it will be a different story. For now we haven't yet grasp #bitcoin full potential. So imagine that!
You can buy small fractions of Bitcoin that will increase in value as time goes on.
I’d say it fixes the system, not just the money
You're really suggesting that because Bitcoin *exists* and it hasn't yet fix all the worlds ills that that is somehow proof it can't fix any issues?
Bitcoin can easily be converted to/from bills and coins, which would be the solution for people below a certain poverty threshold. This eliminates the problem of fees and makes bitcoin strictly equal to or superior than Fiat.