2 ms·
That calculus doesn’t work as a store of value. For the substantial minority of people earnings ~$2 per day, $24 per year is a sizeable fraction of wealth. As
by graeme 6y ago
That calculus doesn’t work as a store of value. For the substantial minority of people earnings ~$2 per day, $24 per year is a sizeable fraction of wealth.
As far as currency goes, it bitcoin transactions rise, does that have no impact on price? I realized my price thinking makes no mention of them and I don’t know how they affect things.
- csomar 6y ago$24 is not a sizeable fraction of wealth by any measure. And here we are talking averages. The average per capita GDP is $18k. $24 is a very small number to that.
- graeme 6y agoThe median wealth per adult in africa is $1600. And the cost per adult would be over $24. At least a quarter of people in africa are under 18 I think, though I couldn’t find great stats. So the correct number would be more like $32. 2% of wealth per year.