The average person CAN afford to buy Bitcoin, in small amounts.
Discussion
Even people living in third world countries with no access to a cell phone or internet?
I was clear in my post. I said the average person around the world.
Have you heard of an sms based bitcoin transactions in Africa somewhere? I will find you info about it if you haven’t heard about it before
Yes I have. But you can share more information. I love to learn. 🫂
People without cell phones and the internet are not the average person. I’m not saying they’re unimportant, just that they’re a minority which will only get smaller and smaller as tech improves
I never said the average person was someone who didn’t have a cell phone. I was bringing up an additional point.
In the original post, I said, “If the average person around the world can’t afford to buy Bitcoin (even small amounts), how does the Bitcoin economy work?”
This is the average person I was referring to. And I’m specifically asking about a *Bitcoin economy.*
When you get a chance, Look up the statistics of the average salary AND expenses around the world. Also, if someone must choose between buying food or Bitcoin, what would incentivize them to buy Bitcoin? And if they bought it, what to do with it? Hold it? For what? Until when? If someone bought $2 worth of Bitcoin (a small amount), how does that improve their life?
I’m not trying to argue with you. I’m not being mean. These are serious questions. I know sometimes *tone* can’t be detected in digital conversations. I’m asking genuine questions. (I don’t do internet beef. ) 🙃
Someone who doesn’t own Bitcoin has asked these same questions to me. So, I would like to know what others have to say.
Stacking very small amounts of sats now won't help a lot to change a life in the coming years.
Study bitcoin can help to change the vision of people struggling because they can learn what's hard/easy money and time preference.
It can be very difficult, especially in third countries, people learn since they are kids to enjoy everything now and don't think about tomorrow. It's a spiral to keep people in difficulty, you can't build any future if you spend all your ressources today.
In the book "The bitcoin standard" he explain all that
Also in "ultra-processed people" they explain the link between poor countries and junk food, which are also about time preference. This is a concept who affect our entire life, wealth and health
Well we’re not in a Bitcoin economy, so I don’t know the answers to those questions. But to answer how $2 of Bitcoin can change the average persons life is because they are getting an ASSET for $2 with which comes many benefits they would not otherwise have: insulated against inflation, demand for a scarcity, a savings strategy that outperforms any financial advisor you could hire. No worries no beef. We are both firm people, low on agreeableness perhaps 😀
Your points are very valid. Thanks for responding. 🫂
FYI: I appreciate an intellectual dialogue. It’s ok to challenge thoughts respectfully. That’s how we learn and improve.
I don’t mind someone challenging my thoughts. This is what civil discourse is all about. 🤝