How does bitcoin help the impoverished who live hand-to-mouth? Seriously asking because it’s something I’m thinking about a lot but haven’t come up with anything solid.
Discussion
Its a good question, I have given some thought to it and honestly directly Bitcoin cannot help these people, you can't benefit from Bitcoin if you have no savings and no cash flow, what are you saving?
What I think it does its empowers the middle class who have been robbed, if they have more money in their pockets, they take risk, they spend, they create businesses, they participate in local community drives and charity they generate economic activity where funds reach the hand to mouth people
I know its not a great answer, but I can't see any other way to fast track bitcoin benefits to every individual
Its not a perfect system, and not a silver bullet, I get my post is a bit generic, and doesn't apply to everyone, I'm really talking about those who are facing the issue of what to do with my savings.