edouard on Nostr: Not saying the poor stay poor. Saying fiat is bad for them as - they have no access ...

Not saying the poor stay poor. Saying fiat is bad for them as
- they have no access to investments and keep the little they have in cash
- they have no access to credit

Then a lot of them get out of poverty through wages cause obv there is a generational and immigration aspect to it

But let’s say that for the bottom 80 pct of pop in terms of wealth fiat is bad, as it makes it more difficult for them to save and incentivizes to consume