Using the US for this topic is no wrong move as though more and more Nigerians are lovers of the nation. Notwithstanding, this isn't centered on what people's dream countries are, but more about the cost of living. As seen above, the cost of living in the US is like double of what is required in Nigeria. The sad part about these tiny details is that; $915 isn't an attainable money for the average population, if it were, I would be a Millionaire by now. livingcost.org is a great tool I just discovered, which can be used to compare prices of goods and services across nations, in comparison to one's current location. Though all data may not be accurate, they are definitely closely in line.
Crypto, Volatility, and Public Misleads…
The urge to dig more into the breakdown of money keeps hitting me on a daily basis. What one really offers his time and attention really makes a difference, this is in respect to what he doesn't. Money as in Fiat is nothing but a fraudulent invention. It's sad how we've lived for so long in the dark, some may come out saying we benefited from the system, but fuck that shit, we barely survived their rules.
When crypto topics are often placed on the table, you figure people talking about volatility when they should really be talking about community efforts. I really wish to think we've all lived past the days of expecting so much, especially in a very short time frame. Pardon me but when I look back on my early days on Hive blockchain, I often find a reason to stay even longer. You know when you're dedicated and desperately thriving, you tend to reach certain goals or heights without even seeing the struggles and short-term failures.
People regard "Fiat" as a stable asset, but it's barely an asset class yet alone sustainable. Yes it could be stable, by holding a constant to its equation, but time moves faster that it loses all values if at all there was any.
An average Nigerian earns $30 a month, yep, that's how bad it is. But globally, people believe it's around $173. Well, I don't suppose an average US citizen earns as much as $4000 a month? But people believe it's close to that. Now, considering these earnings with tax exclusion, the cost of living in these said nations doesn't really help the situation, does it? $915 is a monthly cost of living for an average Nigerian while he's barely earning $100 a month, how bad is that?
The map tells a whole lot of stories. How can a poor man afford that luxury? Well, you may ask what a poor man would be doing in a hotel, OK, let me shock you. An individual rent is nothing less than $500 in developing areas, and if we're looking at top notch cities then we are talking $1000 to $3000. Security is a crucial factor when picking an apartment, a poor man is definitely still going to need that $500 apartment because it's the lowest of all and can at least keep him safe. But he can't really afford that when barely earning $100.
As time goes, the world will stop talking about standard of living and deal more about cost of living in the basics. People are always all up talking shits about others spending habits, but truth be told, whoever is spending has it to spend, that's nobody's business, but from the fundamental levels, the cost of living is often higher than the averages can handle. Even when 1 naira could buy so many things, 1 naira wasn't an easily attainable money. What has happened overtime is that businesses have placed increases on their products and services, and the said national currencies have had to battle this increase. They've constantly lost value while giving room for more increase in cost of living. It has and will forever take that curve.
Fiat Failed But remained stable - It's better to drop in price than lose value…
Is it just me or does everything swing along when top cryptocurrencies lose price strength? Let's TAKE Leo and Hive for example. There was a time 1 leo could print 3 Hive if I'm not mistaken. Overtime, these assets may have switched places due to community efforts. Leofinance didn't lose its value, it's native currency just had trade flippening. I am trying as much as possible not to bring the USD into this trade explanation. It totally brings things back to the fiat world. Cryptocurrencies create a room for productivity from a community standpoint. Some years back, Bitcoin couldn't afford lots of things that 100 dollars could, but today, it can buy way more things irrespective of the inflation that 100 dollars could never dream of affording ever again.
A currency is never the value, the value is always in the community. Short term price drips create room for developments that will enhance sustainability in coming days. This is how crypto keeps pushing its army into a rim of financial freedom, whereas Fiat just keeps printing debt year in year out. Until people stop to understand that a volatile asset with a strong community ready to collaborate for effective growth, is better than a stable shit note, then they aren't really ready to digest value in its real form