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December 05, 2017, 09:23:38 PM |
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I would be interested to know if bitcoin users able to afford these luxury items would be interested in purchasing them. I've seen small islands selling as low as $400,000. For an island $5.3 million could be a bit steep. Not being connected to a land mass, there are additional shipping costs for construction materials, water, food, energy, etc which increase upkeep. It is possible bitcoin and crypto billionaires are more pragmatic than idealistic and a $5.3 million dollar island wouldn't appeal to them.
More crypto support for frozen and fresh food could be a better area to focus on for retailers, at least there is real demand and utility there. Too much of our financial and economic systems cater to the rich and wealthy. Low end, entry level, opportunities for average folks could be a better business strategy. In ways crypto's success could be attributed to it lowering the bar to entry for many living in poverty who couldn't afford a normal bank account or electronic transactions. Crypto start ups pursuing business models which are symmetrical to this could represent a natural progression.
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