Bitcoin Forum

https://medium.com/@poolofstake/blockchain-as-a-solution-to-inequality-385cd08b9f03

Nice article to read. What do you think?

 do not think so if you borrow money from the bank you have to accept the difference between the sender and the price you borrowed from you have to pay the third party is the bank when you trade bitcoin you It is not worth the price and not through the third party but only the seller and the buyer

I think the article is a piece of rubbish. Nothing on this earth will ever end inequality, not even the big dreams we all have about bitcoin. Nothing. There will be poor people and as well as rich people forever to ever. Check your fingers, are they all equal, man?

For me Blockchain is a way to improve the economy, I love blockchain because blockchain gives me a solution to improve my economy, anyone who can use blockchain technology will get good and economic improvements, I do not really understand what kind of equality do you mean?

The blockchain was born as an important event to make the transaction of cryptanalytic and modern cryptographers safer than ever before. You can never say that it is equal, so we can not say  Blockchain as a solution to inequality.

It's an article that promotes a certain project called Pool of Stake. The article talks more about solutions to blockchain inequality rather than using the blockchain itself to address inequality lmao. It's clickbait.

To answer the topic's question though: I seriously doubt it. It's an extremely tall order considering inequality is a problem as old as humanity itself. It's a social issue that cannot be addressed by simple software implementation. It could probably have micro effects on isolated fields though, depending on what it's used for.

If inequality was supposed to be so much easy then why would any country be divided on the earth!

Within nation there is always inequality in terms of money, and thats why there are rich and poor people everywhere. The system can not be made equal because everyone is at different pace of their family and life development and thus it can be very harder for accepting that nothing comes on the same page ever!

Blockchain on the other hand is itself crucified by the government and are not willing to accept it so I guess that is another big dumb shit that may not help us to get equality within the system.

This is why some members of bitcointalk have asked the admins to ban newbies from starting a thread. The newbies are guilty of sending clickbaits and spams here.

To be honest a lot more spam and pointless discussions about bitcoin, how many times we can discuss the same stuff? This post was about to open an discussion, what worked.

We have to admit there is no solution to solve inequality, at least not right now, it's just how the world works. Smart people earn more, not so smart earn less, and that's totally fine for me.

That article is just to promote theirs ICO, they pointed some other projects, which doesn't solve inequality at all, at least I don't see how exactly that solves inequality, and I don't even see how Pool of Stake solves inequality problem.

We shouldn't want to do that since the balance in this world would be ruined. Someone has to work for those who are hard workers and rich just because of their eagerness to be rich.

This is just another form of marketing strategy for ICO product as posted, Blackchain was developed for easy access into crypto currency transaction, is also use  as safety net for one coin in the market. We can read a lot of article about Blackchain system in the news fed, It is better for us all to make an individual decision on how we evaluate the system.

Naah, most people think of blockchain as some sort of financial tool, but in reality, it's main purpose is to secure information so it can't be manipulated at all.

First of all they aren't talking about solving the problem of inequality once and for all, because that can't be done. They're focusing on reducing it and some of the solutions are quite good IMO. Like this one:

Pool of Stake solves the inequality issues of PoS by creating the first decentralized pool for PoS blockchains. The product lets token holders participate together in transaction verification by pooling their funds to stake together so they can share the rewards later. This lowers the entry barriers for staking. It also creates an equal environment in which all token holders can participate to secure blockchains and generate a passive daily income, regardless of their initial wealth!

This would actually allow the holders of BTC participate in mining and earn passive income. Inequality would still remain because there would have to be the minimum that you have to hold to be able to get anything. This means that if you wouldn't be able to afford 5BTC (for instance), you wouldn't get anything.

Dreams are beautiful, but the reality is a nightmare.
Much of the abuse has occurred to the blockchain in general, from the creation of currencies that are not useful "useless" to the cases of a scam that destroyed the image of ICOs.
I read the article but I think it's more writing than applicable ideas, generally, the blockchain will change the world.

Cryptocurrencies, alongside blockchain, will never, ever solve the problem of wealth inequality and that's a fact. The article only stated equal opportunities but what kind of opportunity are we talking about here? At the end of the day, those richy rich people would have the last laugh while those who are waaaay below down the poverty line would still struggle to have something for a day. Blockchain isn't a tool for alleviating the stress on the shoulders of poor people, but it gives people the opportunity--especially in cryptocurrencies--to be their own bank, use their money wisely and take it from there. People's efforts and approach on doing things, at the end of the day, help them get better lives and no tools whatsoever will ever do that for people.

Bitcoin was never designed to be a solution to anything like that, I know that some people would like to see a better world and while I understand that, people need to accept that there is always going to be a level of unfairness in the world and income and wealth inequality is one of those things, so bitcoin is not going to solve those issues and we must accept that fact.

Blockchain is not a solution for inequality, it is a solution for different things first of all the decentralization, and in this system the ones that were the first are the ones who are richer, but the poor ones also can have benefits by airdrops and bounties so it is a sort of also solution for giving people some profit

What I see that blockchain and bitcoin have done is that it has helped to alleviate the massed or poor from poverty. It has given the masses an avenue to invest now and into the future. This angle of inequality, it is an age long thing and can't be reverted.

Didn't go  through the whole article (lost interest half way as the article sounded quite typical) but the upper half of the article got my attention where they stated that new technology has bought more inequality. To be honest, for the universe to be balanced, we will need inequality. There are rich people because poor people exist. If everyone was rich, then the term rich would actually mean nothing. And think about it this way, if everyone was actually equally rich, then who would be working on the field to produce crops? Eventually there must and will be class difference as long as the earth exists. Without inequality, the society would cease to run at all.

Blockchain has come to ensure transparency and improve current traditional centralized systems where a node gets to control most of the transactions or operations in a network. Even in the era of blockchain there can not be equality. Some people work harder and/or smarter than other while some also get lucky sometimes.

It can be a solution someday if the government accept crypto as an alternative currency for thei economy.

Interesting read, the blockchain helps in re-distribution of wealth, breaking the barriers of inequality among the different classes of persons.Imagine the wealth steemit has shared to every steemites as opposed to the centralization of wealth by facebook only to its shareholders.Despite the fact that the contents are being  created by users.

There is always an opportunity in everything, that’s what you gotta know. It’s left for you to utilize it if you can. If you choose to be smart and hardworking, then nothing stops you from accomplishing lots of things through. Whales will always manipulate the price of Bitcoin and there will always be people that end up losing their money, but if you’re fast and smart, you will hardly end up with loss.

Hihi, yeah it solves inequality
Meaning that there will be a lot more poor people and a lot less rich ones.  :)
Oh, wait,  wasn't this supposed to be the other way around?

But leaving that part aside, the end is a gem:


So, free money for everybody!!!
I have a feeling this is not going to work....


Yeah, I'm seeing it already....
Two guys owning more coins than an entire country. True redistribution of wealth.


The wealth?  ;D Probably not enough to cover one day of server costs FB requires.
Yeah, total decentralization and re-distribution of wealth... TOTAL (https://steemdb.com/accounts/steem)

Steemit is a wealth creation platform, to be a part of it your income doesn't matter, but to generate a passive income you have to be educated and need to have access to information/internet. With Blockchain anyone can participate, seems like a viable solution to inequality, but it's like the final piece of the puzzle, to participate barriers like digital divide, lack of education etc should be removed. Unless these issues gets resolved Blockchain as a solution to poverty or inequality is mere hype.

How will that work then? Assuming a government accepts crypto as an alternative currency?
I think some people think all you have to do is get an empty bitcoin wallet and "the blockchain" will fill it up with "free" coins.
Some people are dilusional if they think crypto can solve a social issue like inequality as the thread title suggests.

Those people, and unfortunately they're not just some they've become the majority, don't think that cryptos or blockchain is really the solution, they often don't have a clue how the blockchain works :D. Their view is much simpler, you get some free tokens from a bounty, you wait and the price will be a few thousand dollars and everybody is going to be rich.

Don't expect that some bounty hunters or people that haven't taken a single class in economics will be able to understand that you can't just print wealth out of no-where, at this moment the crypto environment is working like the fiat system, printing coins out of nowhere.... Guess what the value of those coins is going to be and how rich you're going to be holding a trillion Quasimodo Tokens..

Blockchain technology is actually a solution to inequality and that is the reason African and some Third World countries has to embrace it if they really want to come out of poverty and miss management in the society.  I also believe that blockchain technology has bring trust into human dealing and it is good because is decentralized. 

Blockchain technology is not the total solution to inequality but however it can reduce. Btc is one of the many applications of block technology and many people already proved that btc help them in their financial matters and increase their economic status. The problem here is that not all people can access or reach btc especially those who are poor. There are many other applications that can be used via blockchain and if many people learn and understand more about it, it will be a great help to thr economy and country.

Sad to say since the beginning till now and the future theres no solution of inequality.Theres always at the top and theres always at the bottom.Even in crypto world theres a successful one and theres loss one.So everything is what we called balance.

The technology of the blockchain has great potential.This contributes to globalization. Blockchain can make the world more equitable.Cryptocurrency is not regulated by the Central Bank and the government. Cryptocurrency works autonomously. This contributes to a uniform distribution of income.It's a promising idea. And before it is implemented, many more problems need to be solved.In order to get mass distribution, it must become more cost-effective than its centralized competitors.

I am sure that it is only dreams and not more. Unfortunately there is not a magic pill which are able to solve all the problems. It is absolutely true that blockchain is an excellent tech but we must understand that the main application of blockchain is the financial sphere. I am absolutely sure that blockchain will no eliminate inequality

Would've been more precise if it was 'cryptocurrencies' in the title and not blockchain. While blockchain is just the backbone of cryptos, it could have nothing to do with inequality as it acts more like a ledger than anything else. On the other hand, cryptocurrencies have typically been 'trust and invest in us and get rich quick' schemes (not all of them) and this has been the turnaround that has been guaranteeing close to an equal wealth distribution through sales and airdrops.

We can't change the fact even we do have equal chances there's still someone that will go above us, this is life and even blockchain won't change that facts, still those who are capable to sustain good project will go and rise high while those who can also deal with it will still not gain any support and
stay at the it's level, this Blockachain system will give us equality in terms of chance to prove project, things will still depend on how things will be developed.

As much as part of the plans of the block chain/cryptocurrency is to solve the problem of inequality; giving even wealth power to all. There are a lot of factors that are naturally set in place to defeat/frustrate this aim. I see that from inception the cryptocurrency world was gradually achieving this; making some unexpected persons millionaires but the rich have equal access to this and before long, they have now started controlling the markets sort of, to favour themselves. At the moment, it will take some real extra effort to break even in the cryptocurrency markets now. So, the aim of solving inequality has been really eroded.

This article looks like the main part of rubbish, because we all only believe in Bitcoin, but the reality is not the same

Sad to say but i agree. Even the application of blockchain itself cannot change what's reality, but there are still chances and hopes that someones life might change because of this, and it doesn't literally mean it is the solution to poverty and inequality among wealth. The world is certainly vast and at the same time cruel.

Lmao… this is a funny article😂😂 I don’t think Bitcoin can stop inequality among people. First of all, this is a currency/asset with an unstable price tag that can be manipulated by the whales. Let’s assume that I have a lot of money and happens to invest hundreds of million dollars in Bitcoin, it will drive up the price and will also go further up as poor investors puts in their money due to price going up, as the price is going up, I can. Choose. To withdraw the huge profit which will make the price drop to a lower and poor investors losing their money in it. So no inequality.

It is true that the technology has created a greater divide between the rich and the poor but at the same time technology has allowed to a person without too many resources to live better than kings of the past, our medical technology is better than at any point in the past, you have superior entertainment thanks to the TV and you have at your fingertips most of the knowledge of humanity thanks to the internet, so technology has been a great equalizer as well.

Even more than that, if the whole world would believe in blockchain, they will experience so much better life and comfort, by using all those advantages, that only blockchain can give. Imagine just a fast app paayments, like Telegram :)

There was never such aim. NEVER!!!!
In no whitepaper, in no discussion in no blog post was there even mentioned a hint at this aim.

Get over it, BTC will not solve inequality, the poor will never have the money to "invest" either directly in BTC or by buying mining gear or even altcoins. The ones that are rich now are those affording to buy even more.
So stop looking at BTC like it's the dream or Marx, it's actually the exact opposite.

A quick look on where the nodes and where the ATMs and the shops are will make you understand that the poor are actually left behind right now.

Have to disagree on this, a lion fight in the arena beats every damn 3D or 4D movie.

Blockchain technology will guide everyone to their growth but hopefully our government will not make any malicious thing to corrupt this system. This is the solution, and everyone should adopt this system because this is the future we ever wanted.

Very well said which nothing on this world would end up inequality. Lets talk about blockchain tech, yes it do gives innovation when it comes to decentralization but we cant still able to get away when it comes to placing ourselves. How we do consider our place when it comes to investment or holdings? There would be always who are on the top such as whales which do have the control on the market. As long theres people who do accumulate more than on most people then dont expect about equality.

Quite intersting but it is too much to think that might happen though a lot of us wants equality for everything. But then again, inequality will never fade since a lot of people wants to stay on top.

You got me there ;D, but at the same time while many gladiators were there out of their own volition there were also slaves, traitors, criminals or just unlucky people there and I'm glad I live in a civilization in which the chances of  having to go through that are zero, personally I prefer video games over TV but I suppose you get my point that the technology for entertainment has evolved and this is a good thing especially now that boredom is a problem generated by technology that saves so much time on other aspects of our lives.

btc will be grow in the second year to

Blockchain is indeed the foundation of electronic money, but not so general. These two ranges are completely different. Electronic money has changed the lives of some people as well as the community. In particular, it boosted the economy rapidly. And the sad thing here is, "The greatest risk in one's life is not to take risks". Most of the rich and successful do.

I think blockchain don't solution to inequality, but it is possible to achieve the most accurate results because the data entered in the blockchain can not be changed. So our governments can not deceive us with lies that the economy is all right and we can change them with others who will manage them more successfully.

Hmm. Looking at the wealth distribution... Not really. However, the initial distribution is still in place. It is interesting to investigate, how this inequality in wealth distribution changing over time.

I personally believe that blockchain can be one solution to the current inequality. Even in bounty campaigns currently, it does not require any education background or whatever form of economic status in order to join any bounty program. The same way, blockchain is decentralized and it can be utilized to pay people base on their individual work, thus distribute wealth in an efficient manner. Thank you blockchain. Appreciate the value of this technology.

I'm also agree with your opinion because blockchain is a good way that all people have a chance to become wealthy through investing it and most of all it makes our online transactions faster and comfortable.

Right. Blockchain is a solution to ensure fairness for everyone. The nature of the Blockchain technology is inviolable in terms of data. No one can change the database, thus avoiding the deliberate interference of others. Therefore, Blockchain technology is being applied in many fields of many countries in the world.

I agree, it's a great solution for us, just like you said no one can interfere when we're transacting with others, and yes, that's why a lot of people are interested about it. With Blockchain, a lot of poor people became rich, that's why I agree that it's a solution when it comes to inequality, they give chance to all people.