A couple of days ago I read a very interesting post by @taskmaster4450. In this post he discusses the wrong perception that some people have of users from poorer countries that need the income from the blockchain to buy stuff to survive. People argue that this creates a sell pressure on the token and that it has a negative effect on its price.
What I found very interesting is that the author explains that if thanks to Crypto a user can provide for his family, this news will spread very quickly to neighbours and friends. For people in countries like Venezuela, to earn even 1$ can make a difference.
The average income is about 2$ per month in Venezuela
This means that a lot of Venezuelan people can change their financial situation simply by becoming active on the blockchain. At the beginning, they will probably cash out their earnings to buy food but later they will realise that they can actually save value by staking these tokens. Saving is something that is virtually impossible in a country with hyperinflation.
The value of a social media platform = the size of the network
When these Venezuelans and other people from poorer countries bring their friends to the blockchain, this is a huge added value for the blockchain. The network behind this token is actually growing and making the token and the blockchain more important. The size of the network is the currency of any social media platform and it has a huge impact on its success. It is therefore in the advantage of the blockchain to onboard people from poorer countries. If blockchain can change their lives, they will tell it to everybody around them. The number of users will grow, the network will expand.
Yes we need especially the people from these countries to develop this blockchain!
Crypto makes a real difference
I've seen the real impact of what the crypto world can have. Thanks to his earnings from crypto, my friend @fucho80 has managed to make a down payment for a new house and he plans to finish the payment thanks to his crypto earnings. I believe that this is an example that shows the extend of what crypto can do for people in poor countries.
The more people of developing countries seeing that crypto can make a real difference in their lives, the more the network will grow. This is the first step to mass adoption.
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