Tonight I wanted to touch on Money. To be more specific my thoughts, I could be totally out to lunch, but this is how my brain sees it.
I have always had a problem with what I see, how I see Hive and second layer tokens on Hive traded. Now how, but how people trade them . Specifically what I believe is selling way under value.
I don't think it will ever change but some education might help.
I am going to use Argentina as an example. Not for any reason besides it was first in this list below.
That is just examples of USD conversion rates.
Living in Canada our standard of living is close to the USA so my thought applies pretty well to both.
The basis for my thoughts is if live in a country like Argentina where the month minimum wage is 57,900 Argentine pesos starting Nov. 1. That is about 540 Canadian.
If I do the math based on 160 hour work month that is about 3.38 hour. The average in Canada is about 15.
An average loaf of bread here is about 2.50 on sale. In Argentina approx 12.00 Canadian. Factor in the minimum wage and I am doing the figures in my head, that would be like me having to pay 50 dollars for a loaf of bread.
So, Yes, if I am making rewards on Hive and side tokens just for blogging and live in a country like Argentina, and there are many countries like Argentina.
I would be selling cheap also. I do understand.
But what gets me, if they understood, if they did not sell that cheap, if they did not dump tokens how much more income Hive and other tokens on Hive could generate for them.
But some people are in the need, some people need to sell now. I do understand.
Until we reach the age of abundance, I believe, there is no fixing this issue.
Maybe, just maybe this post will reach a few people and maybe they can try selling for a little more. And just maybe they can help feed their families a little better.
All roads lead to Hive.
I hope you got something from this post.
Bradley
Posted Using LeoFinance Beta