RE: Starting Cryptofinance in the Youth

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I never realised you were from The Philippines! The problems there are reflected here in Thailand to a certain extent. One difference here is that the younger generation is often being supported by their parents still as the parents all seem to have land to sell but this is a gamble as they are losing their assets in the hope that the younger generations will turn things around and go back to supporting them in their old age as they are 'supposed' to do traditionally.
I think Crypto may not turn out to be an answer unless its HIve. Simple account names, ultra-fast transfers and extremely low cost. Crypto appears to me to have been taken over by simple money makers and whilst they are just trying to generate cash, traditional finance companies have been getting their act together with simple, fast payments. The movement of money is the key to crypto for me. Anything to put those parasites WU and that pawnbroking firm , zhuallier?? you have there out of business! That's what brought me into crypto. As for a store of value, until we get rid of greedy speculators and get stability, it will always be no more than a niche instrument for trading.
BEst wishes to you. Hope you're having a great weekend :-)



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That culture is more common on Asian countries where children are used as retirement funds by their parents. That's why it's difficult to escape poverty by the generation as each new generation will be tied down to the financial mistake of the previous generation by some sense of tradition and moral obligation.

It's programmed and I see how it costs a lot of families their wealth. I find it both irrational and understandable. Some people just prioritize family over wealth which is nothing wrong but how it plays out is something that has been a persistent problem for years.

I used to think of crypto as a revolution for anticensorship and spreading wealth without borders but those old values changed as you say. Now it's treated like quick cash grabs. I still believe in it's power on the sense that it is easy to get into compared to institutional programs for investing. Not an ideal way to start financial literacy training but if it's more simple and lucrative to understand, I'd go for it.

I did some math on what I could gain on investing on Hive despite the failure of it being an investment, it still earns me more than 10x what I get from dividend stocks from my country and I only need to invest half the money I put on my stocks to get those large returns. 3rd world advantage I guess but still life changing to think about long term.

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