Minimum Wage is stealing my work - True story
435 sats \ 5 comments \ @softglitter2d 24 Jun bitcoin_beginners
Paraguay recently made another adjustment to the minimum wage, which automatically translated into a 4% loss in purchasing power. In other words, any savings in fiat currency have lost 4% of their value.

Educated people don't want help
I always remember an occasion during a conversation with friends, some with MBAs and others with finance degrees, when I mentioned that Bitcoin could help escape inflation due to its hardness as a currency.
  • Comment 1: Bitcoin is useless because it's volatile.
  • Comment 2: As long as the government doesn't regulate it, no one will want to put their money into it.
  • Comment 3: There are many financial instruments to buy something that is volatile and backed by nothing.
I responded to these three comments, but my words fell on deaf ears, and the topic soon changed. As we searched for new topics, I thought to myself that we are too early. It always reminds me of that movie "The Big Short" (2008), where, when asked why the market hasn't collapsed yet, the famous phrase is uttered: they think their feet, which are being cooked, are actually the steak.

Offer bitcoin to everyone anon
I feel sorry for them, and yet tomorrow will be the same as always. Even when Bitcoin is on its upward trend, it will be there for them. While some see it as a get-rich-quick scheme, my satoshis today are ensuring that my future is not stolen. Bitcoin is not a sword with which we will win any battle in the endless maze; Bitcoin is the way out.
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31 sats \ 0 replies \ @Fabs 24 Jun
#1 It's volatile indeed, the important part is, that it's volatile to the upside, given enough time, whereas [a] Fiat ['s supply] is designed to be inflated into obscurity, and thus, worthlessness, given enough time.
#2 Regulate what? Self Custody.
#3 Bitcoin not being "backed" by something isn't a flaw, it's a feature; Moreover, it'll be the very thing that'll be used to "back" others.
Besides, It's backed by the consensus rules and hash rate.
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42 sats \ 0 replies \ @erict875 25 Jun
I always remember an occasion during a conversation with friends, some with MBAs and others with finance degrees, when I mentioned that Bitcoin could help escape inflation due to its hardness as a currency...
https://fountain.fm/clip/3mUHjhwE1B5D5ekyDJHJ
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21 sats \ 0 replies \ @SatsMate 25 Jun
Educated people often have hubris and a chip on their shoulder that they know better. This traditional mindset and this attitude prevent many of them from seeing the true value. Sadly, many of them lose the opportunity to adopt, but they will remember that you were there for them, and they may even remember the price as well.
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0 sats \ 0 replies \ @160ed04091 24 Jun
to me If wages are artificially raised above the market rate, workers might have less incentive to acquire new skills or seek higher education, which could impact long-term economic growth and productivity.
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0 sats \ 0 replies \ @16d86e9daa 24 Jun
minimum wage could lead to job losses, particularly among small businesses operating on thin profit margins. They contend that employers may reduce hiring or cut existing jobs to offset increased labor costs.
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