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14 sats \ 4 replies \ @freetx 31 Jan \ parent \ on: The fuse was lit. USDT IN BITCOIN bitcoin
Yep, my company has customers there and also Africa. Its popular both places.
90% of those don't make enough money to consider savings, they are living on $300 per month - and its $300 in / $300 out, theres no luxury to consider investing in BTC to gain "58% 5 year CAGR".
They are solely after a transactional currency that offers relatively low month-to-month inflation. They are dealing with local currencies can inflate 10% per month. That sort of month-to-month inflation can be ruinous if you are living payday to payday.
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121 sats \ 3 replies \ @Bell_curve 31 Jan
Too many bitcoiners and libertarians live in a bubble of relative wealth and privilege
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9 sats \ 2 replies \ @freetx 31 Jan
Yep. Its their "Luxury belief"
They slam on progressives for their "truck drivers should just learn to code" statements and then say "that poor african should just allocate 25% of their disposable income to bitcoin and hodl for 4 years"
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1 sat \ 0 replies \ @Bell_curve 31 Jan
25% * 0 = 0
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0 sats \ 0 replies \ @TheBTCManual 31 Jan
Lol You can hold a belief even if you don't get the benefit of it, I don't own USD, I earn South African rands! lets not do the broad sweeping statements
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