China and now India..
36% of the world's population effectively blocked from purchasing bitcoins legally in their countries.
Numbers means nothing It's the purchasing power behind the poeple.
If the price of bread will double next year will see millions starving in china and india. In the us or eu? Probably buying a 107 not 108" tv.
People all over the world are barely living paycheck to paycheck, living in tiny homes due to high housing cost even in western nations, food price increases have caused RECORD poverty in western nations. Its no more a case of Americans are rich, Indians and Chinese are poor. This fact is constantly ignored, everyone is having a hard time.
Higher price of food and cost of living will cause more difficulty for everyone in us and eu (not just india and china ) and lower the already low standard of living. No one will be rushing to buy 108" tvs.
Yeah , the same is happening in my country , people are supposed to be poorer by the month but yet , with more than 30 hypermarkets in a 2 million city you can barely walk in any of them, and is you don't see a tv in a cart every minute these days you must change your prescription.
Lets not even talk about shopping in the malls as I couldn't even find a parking spot yesterday.
You can't compare what an European thinks is poverty with what a somali thinks of it.
Ps. and I live in a country with 500/month average wage.
