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RE: A Queue for Floor, A Table for Luxury [ENG-URDU]

in Hive Learners2 days ago

I think what you are describing with inflation is very real and happening at scale globally.

If you are wealthy, you can put fiat currency in hard assets and 'increase' your wealth in terms of fiat currencies because they are getting debased globally.

People who live paycheck to paycheck literally don't have the opportunity to invest in hard assets and they often get left behind.

I am not sure how we turn this off with fiat currency debasement. It is not an easy problem to solve imo.

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 15 hours ago  

On hive we see it's example too. There r some who use money from other places and put it into hive while it's down. Then we have some who also work hard but live in third world countries. Their pays ain't good in dollar terms and with hive being down, some can't even pay for their internet compared to what they earn sometimes. Some also have to power down for survival. Then we have KE ratio reducing chances of getting curated by some projects.

So this gap is also seen very clearly on hive. But as always, hive is a one time opportunity to change life even for them if they just don't power down. We do hear tales of people getting rich just from splinterlands.

Yea I think a lot of the inequality issues are downstream of modern central banking.

I’m not sure how the world gets out of it. Countries would need to stop printing money or go back to something asset based and I just don’t see either of those things happening in the next 10-20 years.

Well I liked your post. I think you are touching on some important topics.

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