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38 sats \ 1 reply \ @stack_harder OP 20 Sep \ parent \ on: wage discrepancy in different countries - does bitcoin fix this? bitcoin
but if, in a poor country, they were able to stack more, they would start to become a non-poor country and therefore their purchasing power would go up, no?
i feel like the rent-seeking class would still be able to convert some assets into btc and then find a new way to get an advantage , after all, they could swap assets to acquire more btc
it should stop people using things like real estate as a store of value which would be good for people that actually want to live in houses / apartments
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0 sats \ 0 replies \ @Undisciplined 20 Sep
The downstream effects are many. I agree that adopting bitcoin will increase prosperity, but it will do so in rich and poor countries alike.
It's only if poor countries are more artificially poor (which I think is largely the case) that bitcoin would even things out.
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