The average profit margin for a fast food restaurant in San Franciso is between 6 and 9%. So if that drops, then you are not outpacing inflation.
Most of those businesses, not only in San Francisco, will close down.
Minimum wage jobs are not meant to be career jobs. That’s why they have high turnover, and pay low.
$20 an hour is $41,600 a year. The price of the food will sky rocket, and less people will eat there. Thus, means they will have to have shorter hours and less employees.
You are saying the same thing many people have said since 2009.
TCP/IP is not cryptic. When sending value it goes through the old 1970s way of doing things that is very expensive and slow.
People speculate in everything. If someone invest money and get a return, then you should be happy for them instead of calling greed and being bitter and jealous about it.
You cannot only use it to send money around the world faster and cheaper than dollars. You can make everyday purchases for it too.
CBDCs do not solve anything, but do possible violate privacy laws. It’s the same system, but they now will track, trace and give you a social credit score based on your purchases and actions. You can’t save them too because they expire.
The good news is CBDCs in the U.S. are way behind per Federal Chairman. We are probably looking at 10 or more. But they will be competing with crypto. So I don’t think people will demand them.
Bitcoin’s valuation is influenced by a combination of market demand, limited supply, production costs, media coverage, regulatory environment, economic factors, and technological advancements.