That's what I thought, too. Then I asked a Nigerian friend of mine if Blurt is helping his people. He said not really, a dollar doesn't buy anything there, it's barely supplementary income.
I am one of the top 3 earners here on Blurt, and after 10 years of creating content for crypto, I have amassed a wallet worth $2500. That's less than $20 a month working full time. In Canada, that's enough to buy one loaf of bread and a few apples.
What we really need is for the price of BLURT to go up. Hopefully the coming crypto bull market is a good one.
RE: Blurt is a platform that changes the economy of users in developing countries.
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Blurt is a platform that changes the economy of users in developing countries.
$20 a month in Nigeria or Ghana though is half a minimum wage. Inflation has changed the buying power a lot but still half a minimum wage of someone is still something. If blurt were at even 3 cents again that changes the dynamic greatly. Every drop in the bucket helps.
Even the $2000 which my account is now I could buy a couple of acres of land here.
Unfortunately, $7 a month is a monthly wage in Venezuela for a university qualified. High inflation worsens things, and the banks can go bankrupt and not repay your investments.
When discussing how much a Blurt income can purchase in various parts of the world, what matters is the cost of living in those places, not the labour market. My Nigerian friend told me that even with support from Blurtbooster and various other curators, his Blurt income simply doesn't buy anywhere near what he needs. He would have to be doing 500 platforms like Blurt to make enough to pay the bills.
Yes, wouldn't BLURT at 0.03 USD be great? I would have 24000 USD in rewards after 10 years of full-time work and investment, which is $200 per month. Rent in Canada is $2000+ per month so I actually need the price to go up a LOT more than that, if I want to earn a living creating content.