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30 sats \ 1 reply \ @cryptofolyo OP 25 Jan \ parent \ on: An Idea for Paper QR based Satoshi Cash bitcoin
So as hyper inflation kicks in the wealth disparity becomes too high
if that happens it will be extremely difficult for lot of people
A person with internet access, mobile phone access who lives in US or Europe may aquire few million satoshis at a smaller rate in the coming few years
Think about people in Africa and other under developed parts of the world who will be left behind for years
They will have to pay a million times more for a satoshi than it is valued today or for the next few years.
This will create a very big wealth disparity
The QR based paper satoshi exchangable with QR based paper SPOT ( most of the population will understand inflation resistant USD better than highly volatile Satoshi for at least the next few years )
Farmers cannot sow in satoshi and harvest to get lesser satoshi after 6 months - Food scarcity will follow in that case
instead they will prefer to sow in Ample SPOT to harvest and make some profit in Ample Spot
That paper satoshis, isn’t it what coinkite does in a plastic version with the satscard?
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