Bitcoin Beach was an experiement of sorts, which was about Bitcoin, but not about Bitcoin.
As the name suggests, Bitcoin Beach was about Bitcoin, but to the people of Bitcoin Beach, the use of Bitcoin was not what was important, what was important was that the Bitcoin was brought to the community or more accurately, donated to the community to be the medium of exchange for an economic experiement.
One which would show the world that the economic theories about poverty were correct. Mainly that hardworking poor people didn't stay poor due to their work hving no value, but poor communities stayed poor because the fruit of their labor was constantly being extracted from the community and not reinvested in it.
It was this extraction of the fruit of their labor, which kept them poor. Money generated by almost all the communities members of poor communities, leaves the community, so the community stays poor, and some worse then poor impoverished.
But Bitcoin Beach showed that if the money was by designed limited to the community and could only be spent by circulating it within the community, something magical happens.
The hard work of the poor changes the financial status of the entire community.
Soon there are very few poor and soon after that there are no poor amongst the workers , businesses and entrpeneurs of the community.
Only those who do not work remain poor. But the rising status of the community raises their status also.
If you are interested in Bitcoin, you should read about Bitcoin Beach.
