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You defeated your own argument :) I’m referring to the whole nation as poor which it is. Poor people rarely benefit from any government economic policies but in
by bogota 5y ago
You defeated your own argument :) I’m referring to the whole nation as poor which it is. Poor people rarely benefit from any government economic policies but in order to have them the government needs to be in a place to offer them to start with.
There’s some other points to be argued such as people now are holding an asset that is volatile but deflationary in nature by default and they have the option to convert and hold a currency which will lose value over time (USD). I’m not saying “bitcoin is going to save them” but its at least a novel approach that i think is worth exploring for countries in this position.
- cratermoon 5y agoSome crumbs of the crumbs doesn't invalidate my argument, it just demonstrates rising inequality: in other words, the benefits will disproportionately accrue to the wealth foreign investors.