Bitcoin doesnt solve the poverty divide through access to investments, - Im not saying access to investments doesnt help on an individual level - Im saying the total poverty problem gets solved with bitcoin through the long term changes it creates on the nature of our society rather than just the investment function at an individual level - if it was just the “investment” part then the FIAT gambling pit offered as scraps to us would stop poverty - that gambling pit is called the “investment industry” - which is fundamentally a way to make us not totally revolt and have an option to win back the life energy stolen through systematic thievery of the 3 institutional blocks of FIAT: Governments, Banks, Multi-Nationals.
Investing doesnt stop poverty as a whole because it cannot for most people outrun the degree to which:
- Multi-Nationals benefit from the cantillion effect of easy debt,
- Banks benefit from licences allowing them to lend out your money for a fee which you pay for and don’t share in
- Governments connection to money breeds mafia honeypots that attract Mafia minded individuals with no civil bone in their bodies.
Bitcoin breaks this 3 part institutional block. It will wreck multi-nationals favoring owner/family managed business, destroy the connection between state and money, and remove money from any government that doesnt act in a civil way. (So just a word of caution if your long term model is building a business that supports any of these 3 in the block you may find what you have built becomes obsolete) I would focus on owner/family managed business.
Bitcoin brings back options to launch family business that can actually compete, money then made from that can actually build on itself, more family strength, more health, more certainty of ownership, a deeper sense of responsibility for oneself and family. Bad sadly i have to admit unless this process happens slowly it may in fact be very nasty for the poor ao we need to spend as much time as we can educating in that area.
Just today I spoke to Devan a gentleman running a shop in our town, he is in his 30’s, two little girls and a wife, great guy, good business he works for - they can’t pay him enough for what he needs. He is struggling but so is the business he is working for. Bitcoin helps that business be able to eventually pay him a wage for his time that is sufficient for his needs - FIAT doesnt. Poverty is complex and formed by the whole system. Bitcoin as a solution is not just bitcoin ib the hands of the poor - it’s bitcoin in the hands of productive people - owner managed business. He wants to go to America to get opportunities on the farms! A Dad leaving his girls just so he can feed them, put them through school and send them off into the same system.
My point is: bitcoin over Fiat is very useful for people in poverty situations for all the daily benefits:, bank fees, speed of transactions, options etc The “Invest” function may help some but Im not here to have more Rands and they shouldn’t be either. Bitcoin solves the more deep systematic problems with the structure of society that leads to poverty. Unfortunately I don’t know if we see this in our lifetime. But Bitcoin has always had a way of surprising me.