Pablo Xannybar on Nostr: I was discussing Bitcoin in El Salvador with a curious no coiner and he was ...
I was discussing Bitcoin in El Salvador with a curious no coiner and he was impressed.
He asked "when Bitcoin goes up, does it benefit the people equally?"
I said of course. You have your Bitcoin in your own Lightning wallet. If Bitcoin goes up by 10% it goes up by 10% for everyone.
Of course if you have more Bitcoin you get more gains, but everyone gets the same percentage, everyone gets the opportunity to save an appreciating asset and take payment in it.
It lifts up the rich and the poor at the same percentage. Whereas the fiat system, as he already understood, often means that the rich gain at the expense of the working class, as we saw during the pandemic for example.
I think I might have started him on his orange pill journey. Think I'll offer him $20 worth of sats to get him onboarded.
He asked "when Bitcoin goes up, does it benefit the people equally?"
I said of course. You have your Bitcoin in your own Lightning wallet. If Bitcoin goes up by 10% it goes up by 10% for everyone.
Of course if you have more Bitcoin you get more gains, but everyone gets the same percentage, everyone gets the opportunity to save an appreciating asset and take payment in it.
It lifts up the rich and the poor at the same percentage. Whereas the fiat system, as he already understood, often means that the rich gain at the expense of the working class, as we saw during the pandemic for example.
I think I might have started him on his orange pill journey. Think I'll offer him $20 worth of sats to get him onboarded.