Bitcoin Forum

In the world, the wealthy become wealthier, the poor become poorer, the middle class disappears. One of the reasons of this is the inflation: it is a kind of regressive tax, this tax is paid mostly by the poor because they loose their savings, while the wealthy keep their savings not in money but in assets. So, since the bitcoins are a way of keeping the savings, they can fight inequality to some aspect.
However, I am sure that only switching from inflational economics model to deflational one can't change the things significantly. The main reason of the disappearance of the middle class is political: the wealthy 1% of the population are the ruling class, and they pass laws for making them more and more rich, for example under Reagan the taxes for wealthy were cut. They also control the mass media like CNN or Fox News, and these mass media lie about the problem of the disappearance of the middle class.
But I think that the rise of cryptocurrencies will be an important first step towards a revolution in the Western world against the Deep State. I found that many people in the Western world, especially in Europe, are brainwashed - they often simply deny that the inflation is a hidden taxation. So when the bitcoin will cost 1m, these lies of the ruling class will be destroyed, the people will start thinking. That's why buying bitcoins now is an investment into future revolution of the Western people against the Deep State, so I think that in nearest years the bitcoins will grow very rapidly.

Isn't the reason that rich people invest in various assets simply because they have enough money for their daily lives and can afford other ways of investing?  :)
Give a poor person bitcoins or other assets, and the first thing he will do with them is sell them. And I don't think we need to condemn him for this, because firstly we need to ensure that basic needs are met, and then we need to think about investments. Moreover, Nvidia shares or cryptocurrency cannot be used to pay for utilities, for example.

I want to second what was said by Xandry. Whether rich or poor, smart people convert their funds into assets. You are talking about only rich, but I am talking about smart. I wasn't very rich; you can say I was a middle-class citizen who worked abroad once a day. Once I was introduced to the crypto world, I found the way to earn extra money. And learn to increase my portfolio from trading and holding. So I am not very rich, but I have enough now for whatever I really need. I built my own home, and the money was converted to crypto assets. Means my portfolio is still increasing.

So even if you are poor, you can still try smartly. I know it's hard to invest in Bitcoin for poor people, but it doesn't prevent you from earning. Being poor doesn't prevent you from developing your skill and selling your skill. If you don't want to die as a poor person, then work hard. Don't depend on a single income source. Don't blame politicians; you can't change anything. Rather develop yourself and convert money to crypto to hold it longer.

The poor who invest in Bitcoin are still not enough to get rich, their economy would improve, but they will step up to middle class. Then back to your first sentence, middle class will disappear, so they ended up become poor again because they not own the business nor system.

Getting rich is very hard, what we see on social medias are mostly upper middle class who could back to poor if they make mistake in financial decision.

Why do you say that the middle class disappears? They don't disappear; they become poor and then go into the poor category because they can't keep up with their current class due to high inflation and low wages. Also, maybe you are not aware of it, but even Bitcoin and cryptocurrencies are regulated and taxed in countries where they are legalized and bills are passed for them to be used by the general public, but they will be regulated, and people will be taxed based on their assets. Even though there can be ways to stay anonymous, but most people won't do it because they don't know, they will use centralized platforms with their personal identities and then pay taxes for even owning cryptocurrencies.

The theory about the rich getting richer and the poor getting poorer is basically something that I don't condemn because growing up, I learned that it's not the fault of the wealthy that they are able to make more money because they are capable of it, they have money, and money can help you make more money. If I'm poor, and I can't make my financial life better for any reason, it's my fault, and the fault of my ancestors because they didn't work hard enough to take us out of this condition, and it could partly be the fault of the government for not providing us with proper education without costs so that we could at least do something for ourselves when we grow up.

In the real world context, the poor have an high likelihood of becoming poorer but the middle class have every tendency of becoming rich if the effectively utilize the little they have. both the rich, the poor and the average individual get taxed but in the real sense, the rich even get to pay the highest amount in the for of tax. the only way most poor people get to pay their tax is usually in the form of VAT and nothing is usually deducted in form of income tax.

The rich has his worth visible to the public and hence, all tax laws can be implemented on him. the average guy can smartly play games around and grow his finance via small scale investment that are not al that visible which in most cases is not taxed. the major leverage that the rich have above the middle class is that with more resource, it becomes easy for them to invest not just into bitcoin but also into other profitable asset.

Of course, since the poor doesn't have any money or asset to fall back on if he invest and make mistakes that leads to his losing his bitcoin, he needs to invest within his own capacity and should not overdo it. If a poor man is determined to buy bitcoin regularly through his discretionary income, he can pile up wealth for himself in future because value of bitcoin increases overtime.

The worst risk for a poor man is not looking for a means to invest in bitcoin to upgrade his financial well being. He will have fun staying poor. I have seen several poor young men who worked hard and made money for themselves. Only the lazy poor people will give up on their poor state because they feel that only the government can change their situation.

You seem confused a couple sentences in.. Bitcoin can considered savings and assets, unless you're using some other definition of assets than most people when it comes to financial planning. I'm not sure the "rise of cryptocurrency" is going to do much, because it's simply another commodity that rich people can buy lots more of than the average person and eventually monopolize. It can help in some tiny, almost insignificant, ways like allowing people without access to a bank account the ability to hold funds and also avoid lots of the charges that the banks of some countries impose. It also allows people to get around despotic or authoritarian controls as long as they have access to the internet. Not sure that the Western world is the problem here, conspiracy theories are just stories told by those same mass media owning billionaires that you've apparently fallen for.

Being poor and being smart are two different things. Poor people will constantly complain about their circumstances and blame others for their situation without truly seeking solutions, while smart people will try to seize every opportunity to overcome their difficulties.
If they were smarter, they would continue to develop their potential and skills, rather than wasting energy complaining. Slowly but surely, they would continue to allocate a small portion of their income to build their wealth in Bitcoin. It's not easy, but if they are consistent over the long term, it will form an investment portfolio that could potentially improve their situation.

I like the way bitcoin has been creating the equality it required for the people to maintain the kind of balance in the financial economy, because things have always been in the favour of the rich and for the poor to penetrate in their circles becomes a serious challenge, while with the use of bitcoin, we all have equal right and no one is left out to follow the normal procedures, tax payment also have been a broad aspect of discussion and we may not be able to finish it if we are to start from the way of how its effects has been on the masses together with the policies the government have set in place that makes inflation the order of the day.

Unfortunately, at least partially, but it's true. I think of the movie "idiocracy", does anyone remember this?
There, at the beginning of the film, they show how people with high education and good income carefully plan to conceive one child, while "others" acquire three or four children during this time.
At this point, just compare the birth rate in high-income countries and in poor countries. That's the way it is.

I agree with the statement that rich people accumulate money into assets. That is why they become richer but poor people have to work hard to earn enough money to meet their basic needs. They have a very small amount of money left over from what they earn which is not worth investing. Some of those poor people are accumulation cryptocurrency to build a house or to improve their financial situation in the future. They are buying potential cryptocurrency so that they can reach their goal even if it is too late. I am an example of this.

This is where I really want to come in. being poor is not the problem but staying poor out of ignorance or lack of desire and action to get yourself out of poverty. The solution is not to keep complaining and do nothing, complaining solves no problem, rather it creates more. So get down to work and improve your finances and take advantage of smart opportunities in bitcoin and your career, even though you wanted to change the world and how it functions, surely you cannot do it as a poor man, you must be a man of affluence before your voice can even be heard.

I concede to your statement, but there are poor people who can manage funds and if giving bitcoin can find a way to have some still invested in bitcoin and maybe other into providing income for their basic needs.
But those who have suitable standard of living have more liberty to long term investment and shares holding than someone living below the basic necessity.

You are actually just saying it the way it needs to be said. People always put a blame at the poor man for not making investment opportunities but in real time, the poor man cannot really afford to do even what some of us here would regard as the barest minimum. When sometimes we talk about investing in DCA, even when the DCA is designed for the average people who wish to invest in bitcoin, it is still not everyone that can afford to DCA because it still requires some funds to do so. Some people say bitcoin investment is for everyone but I deeply disagree with that because is actually not for everyone but people who could afford the little spare money to invest and not for those who live from hand to mouth.

A little note: the decrease of the size of the middle class is not happening in the whole world. In China and India and some parts of Africa the middle classes are growing, probably by much more (in terms of population) than they are weakening in Europe and the US.

Anyway I agree with your general sentiment here: the "inflation tax" indeed benefits the richest 5% much more than the rest of the population because it fuels the value of their assets. (In some cases however, real estate is also appreciating, which is often owned by middle class people, but that's probably a small effect.)

And I also agree that early Bitcoin adopters in some cases have taken their chance to become a new part of the 5% richest, so there are at least some new groups in the elite.

Now: will Bitcoin profits really trickle down into the poorer classes, apart from those who were already "smart" and have already invested? I think this is a tricky question to answer.

First, the biggest Bitcoin gains were already made, even if Bitcoin reaches the million USD, it is a 900% increase, and we had already much steeper increases before (100k+% in a few years, e.g. 2012-2017). 900% is approximately the growth since the 2022 low, at least in the same order of magnitude. I also expect that the step from 100k to 1M will take at least a decade. Volatility is decreasing, and the bull markets are weaker every cycle.

Second: the masses of the poor will be probably (in a general sense, "some smart poor people" already invested of course) the last group to be able to invest in crypto because they don't have too much spare money for that purpose. So they would perhaps invest when Bitcoin is already at 800k, and have only 25% profit until the million.

And third: it is possible that an "unproductive" asset like Bitcoin could damage the profits of productive assets like stocks if the market overheats too much and everybody is trying to get Bitcoin. I think the probability is low for that (due to the reasons I already mentioned, in particular the lowering volatility) but it is not impossible. This could lead into businesses get bankrupt and rising unemployment.

IMO thus, regarding poverty reduction, I would expect much more from the "inflation reducing" qualities of Bitcoin than of an extreme bull market taking us to 1M.

Inflation is also a political instrument. Governments like it more than direct taxation since it distributes pain invisibly, and people find it difficult to organize opposition. And when you tie that to your argument about media capture, it becomes even more apparent: it is not only that the ruling class writes the laws, they write the story that explains to you that those laws are inevitable

Yet, we should not be too confident with Bitcoin. Surely it secures savings more than fiat, but inequality is not merely the matter of savings. It is about access. When 70% of the population lives paycheck to paycheck, they have nothing to save in Bitcoin either. Yes, Bitcoin can be a lifeboat to those who can get into it, but a lifeboat to 5% does not solve systemic inequality, it merely shifts to which minority can avoid the fire

I would disagree. You said it yourself, those who are financially secured and has the luxury of having a more better standard of living along with an above average income have the choice to easily acquire and hold bitcoin for the long run. On the other hand, people who are living hand to mouth can barely afford to have enough to cover their needs(not wants). How then would you expect such individual to hold bitcoin for the long run even if given freely? No matter how good they supposedly are at managing funds, holding onto bitcoin while having lots of expenses that needs to be settled would be difficult, if not somewhat impossible.

You are right in your statement sir, imagine when someone cannot take care of his or her own responsibility enough, how can such a person be able to invest his or her own money somewhere. I have seen a situation where somebody sold his own property just to take care of household issues.But if someone is able to Carter for his basic needs, such a person can be able to spare some money for investment.
Then , for those who have spare money to invest, endeavour to invest in bitcoin ,more especially for a long time.Bitcoin is a digital asset that can not be underated, is something that anybody can invest to change his financial story.
It is true that most times, the leaders make policies that favours them mostly, but we can not depend on them all the time. As individuals we have to do our best to help ourselves, because looking at our leaders and politicians will cut off our expectations. So let us endeavor to do the best we can to invest and surely our financial goals will be reached.

And therefore, there is a well-founded opinion that another part of the early Bitcoin adopters belonged to those 5% even before the existence of bitcoin.
The reason for this is that these people had enough money to avoid selling an asset that is constantly growing for a dozen years. Think about it, they didn't sell bitcoin even when its value was falling.
An ordinary person would hardly be able to stand it.  :)

Investment comes in when daily needs are 100% met, food, clothing and shelter are stabilized before proper long term investments can be thought about, of course, the poor will definitely sell off not because they lack knowledge on assets but because their daily needs are still active on the scale of preference which has to be attended to before anything else.

Poor people can rise to the middle class in the long run through Bitcoin investments. Many will return to poverty, as they won't have sustainable income. I agree, but some can remain middle class or even become richer. Anything can happen, depending on how an individual seizes opportunities. There's no better option than accumulating Bitcoin and financially transitioning into the middle class than remaining poor.

Maybe I missed one more point: possibly it is correct to say that the rich people store their savings in the form of not assets but investments:

https://kimgriest.medium.com/real-reason-the-american-middle-class-is-disappearing-901cb78ababf





Maybe we should rather say that using bitcoins demands some knowledge, and it is easier for a rich man to pay for consulting than for a poor man.


I am not sure this is right: in my opinion, maybe a lot of new bitcoin millionaires are IT geeks who just found it it funny to mine bitcoins in 2009-1017.

p.s. Sorry for a late reply, I visit this forum not often.

This is you being realistic on the true event of things. We often get too busy discussing about bitcoin investments but how many of us really talk about when someone can truly go into long term investment. I think the easiest way one can describe investment is a money you keep for a long period of time more or less like a savings you keep for the future.

Bitcoin investment is not necessarily for the rich people but it is certainly not for the destitutes. Maybe for average earning people who humbly call themselves poor people. But I can guarantee you that bitcoin investment is not for the extremely poor person who's battling with survival at the very minimal. You have to be able to feed yourself, cloth your self and shelter yourself before going into bitcoin investment so you don't end in starvation in the name of investment when you actually got a little to eat bread and drink tea.

In the light of the real situation, the rich are currently getting richer and the poor are getting poorer. Those who have money can invest in different ways and places, thus broadening their new sources of income.

In this regard, the poor person is always behind. Because where he fails to meet his basic needs, investing there seems like a dream to him. However, those who have some money left over from their monthly income at the end of their lives can invest in accordance with their financial situation if they wish.

 They can choose Bitcoin for this. And in the long run, it can give a person financial freedom.

Bitcoin will only make difference for those who become adopters. The "revolution" won't help the middle class if the middle class isn't investing in Bitcoin. For real, what happens is that most investors are already rich and they are accumulating even more wealth through Bitcoin investment, while majority of the world's population will remain on the same financial conditions, as they aren't interested in becoming investors.

After all, the revolution happens on the individual sphere of someone's life, and it's done through the personal choices the person makes for his life.

It shouldn't be that hard for people in third tier world because they can easity accumulate wealth without paying taxes or report to the state. In my country, 50% of global market budget is in black market. All border regions work on smuggling of goods from neighbour countries accross the borders illegally and the authorities knows about them but do nothing. All of those people accumulate wealth starting with very small investment since they buy and sell goods within the black market. Why not everybody do this and become rich? Because the majority prefer live as employee and ignore thinking about investing in their time and efforts. Poorness isn't always a matter of how much money you have, but rather how much time you are ready to spend building a successful mind.

The only way is to create a revolution for yourself and use Bitcoin as a step towards achieving financial freedom based on the opportunities it offers. We are not only fooled by the existing financial system, but also made dependent on it, and this has been going on for a long time before we were born. One thing I've learned is that we can never fight the hegemony of this power because the system is built on power. Instead of dwelling on problems we can't solve, it's better to start trying to strengthen our finances by utilizing Bitcoin as a tool available today.

If the middle class wants to survive they don't need to wait for opportunities or have things done for them. Instead they must take proactive steps to increase their chances as this is the best bet for them if they want to achieve something positive. Otherwise, they are likely to struggle and suffer badly in a few countries where economic conditions are dire.
In my current location I've noticed that the middle class is struggling largely due to their inability to adapt to changing circumstances their sources of income are dwindling and this has left them with limited options while bitcoin may offer some opportunities these will not come free they require effort from the individual people's mental health is suffering as it becomes increasingly difficult for them to maintain a balance in life. In several countries including Bangladesh, Sri Lanka, and Nepal, the economic situation is already dire, with many individuals struggling to make ends meet.
A few countries are under the control of strong establishments that are unable to respond effectively to these challenges. the cryptocurrency market has been let down by scams and meme coins which have no real value but bitcoin remains a reliable choice for investors seeking long-term survival.

Excuses or blaming politicians will not change anything. The poor or middle class can make sacrifices if they want to invest. Taking extra jobs, cutting down on luxuries, and saving should be their goal. If they are smart, investing money in viable assets like Bitcoin would be ideal. The good part about Bitcoin is that you can buy it with a small amount consistently until you have a substantial amount.

We all know that most of the time, wealthy people who are open-minded about Bitcoin or cryptocurrency don’t really have a problem buying them. Even if they don’t know much about Bitcoin or crypto assets, as long as they’re rich, they have the means to invest in potential cryptocurrencies.

Meanwhile, those who are poor but open-minded about Bitcoin or cryptocurrency don’t have enough funds to buy the assets they want. Instead, they can only buy
or invest according to what they can afford — unlike the wealthy, for whom it’s “the sky’s the limit,” so to speak.

Nah, it's just in the last 4 years that we have seen wealthy people investing in Bitcoin or crypto currency in general. Some of the old and traditional investors doesn't like it because it's very volatile. Only when they see the true potential to grow their wealth that we have seen companies and ETF's.


And that's where we fall, the retail investors. I think our group are still the biggest holders, yeah we can invest small but we know how to play this game. It's the mindset that we should be investing for the bigger picture, at least 4 years before taking any profits.

You are right. If you give any wealth to the poor, they will be busy fulfilling their basic needs first. This is a real example. Rich people make multifaceted efforts to increase their wealth and they succeed because they have sufficient funds and because of being rich, they also have muscle power. I see those rich classes getting richer who are immersed in abundance of wealth and are more interested in investing. The impact of inflation does not have much effect on their income because they are playing with all the preparations.

The poor have to jump to earn to meet their basic needs and secondly they have to fight against inflation. Being ready to fight, meeting their basic needs and setting aside funds for investment, these are their eternal efforts to survive and most of the time they are successful because they accumulate Bitcoin through hardship and hold it for the long term.

The relationship between wealth inequality and inflation is something else; indeed, the unbalanced inflation is really affecting the poor ones and also decreasing their wealth or savings, and the wealthy ones are turning their savings into many assets. Obviously, the tax policies always favour the rich ones, but since the cryptocurrencies provide the decentralised nature that makes individuals have their own financial freedom and protect their savings, if the cryptocurrencies' benefits and educational knowledge on financial growth were really being promoted around, there would be changes in inequalities, and the aim of having equitable economics would be achieved,moreover financial decisions matters irrespective of weather you are rich or poor.

Inflation isn't the reason of why you are poor because it affects everyone, including rich people too. You can also invest in assets just like them but keep in mind that assets aren't some sort of magic that keep the inflation away, look at it like a public pool where everyone pours the water. In the end, those who pour water the first, are almost guaranteed to profit but it depends on the company and the project too.

By the way, that's the rule of life. Strong species take over weak species. In our case, strong is wealthy and weak is poor. The only way for weak species to beat strong species if they unite but sadly, people rarely unite against their enemies.

I've tried mining bitcoin myself (not particularly successfully) and Ethereum. On seven video cards, I sometimes managed to mine 1 eth daily. As you can imagine, you get some virtual coins for fun. However, there is no guarantee that these coins will have a value greater than at the moment. And so one coin on the market costs $8, then $80, then $1400, then $90, then $4000 and again $880. And all this for six years. How long can a simple it geek wait and tolerate this volatility? ;)

The answer is simple: you need to have a good financial condition and know when to sell what you were doing "for fun."

Although I don't dispute that simple techies would be among them by chance.

Of course, in the early days of btc, those who were mining didn't expect that it will have the value after 5 years or so of collecting that coin. Just like a very good example, I had some few BTCs way back in 2015, when it was like only about $300, I would have not sold it if I knew that it will fetch at a staggering price of $115k. So more than likely, those who did not sell at that time, were just mere collectors and didn't have any clue that it will go this far. That is the reason why some BTCs were lost or forgotten because they were not expecting about this huge price increase.

Up until today, the population who are into crypto is still small compared to the global population. Also, the mining community is much smaller. Some are just mere holders without knowing how mining works. So I can understand that up until now, those who are into mining are still low in numbers, especially the equipment needed are quite expensive.

I have small knowledge, but I think that possibly you are not fully right. At this forum I met only once the word "hodl" (prev post), and I think this word is very important. Possibly hodling is a kind of strategy of amateur miners to keep their bitcoins until the price of bitcoin is 1m and they all become very rich, maybe even a new financial elite.
I have some ideas on "theory of revolution": when a revolution is performed, it is better to delegate the power not to the  revolutionaries (because the revolutionaries are usually freaks, since they are controlled by the power), but to randomly chosen people. Amateur miners who started mining bitcoins in 2010 are usual people, techno geeks who get the knowledge of bitcoin by chance, and if the old financial elite is overthorwn and these geeks become a new elite, this will be good for the humanity. I have seen some articles stating that "the lottocracy is better than the democracy", and I agree with this statement to a significan extent.

Not all did, but some definitely believed it. I have seen people who mined it when it was just 11 dollars, who said it will be over a thousand dollars one day so that is why they are mining. I saw people who were mining when it was under a thousand, like few hundred, and said they believe it should be millions of dollars and we are not even there yet.

This is why we can say that the best way to move forward would be just making sure that we know there are people who always believed in bitcoin, and this is one of those situations. Make sure that bitcoin maximalists are always there, and you invest accordingly. I know that we are still early, and I know that we are going to still go up on the long run as well.

I think your theory doesn't take into account that as the bitcoin exchange rate rises, there will be fewer and fewer private investors, who can be called "randomly chosen people." As capital in the form of bitcoins flows to funds such as:
MicroStrategy (own more than 200,000 BTC)
Grayscale Bitcoin Trust (over 600,000 BTC)
Companies that deal with bitcoin ETFs such as BlackRock and Fidelity with hundreds of BTC.

Every year, we see news that whales from some ancient times began to move bitcoins...
Well, I hope I'm just being overly pessimistic.

There are many countries which support to the Bitcoin as Bitcoin is best cryptocurrency all over the World and people hold that cryptocurrency for the future because they know that the future will be best as comparison to the past and present . There are many tokens which are giving profit to the investors but no token is giving the profit conservative as teams behind the project have short term goals and projects could be dead but in case of Bitcoin that is different and we are watching the Bitcoin as best cryptocurrency all over the World.People are getting profit from the Bitcoin And they are doing investment for the long term but many poor countries don't understand the cryptocurrency and we are watching these countries and these will be more poorer in the future.

The gap between the rich and the poor is very large that we don’t get to see people turning rich overnight. Even if you give a poor man enough money to feel rich, give him sometime and you’ll see him fall back into the middle class and if care not taken, they’ll end up going back poor again. The system is designed in such a way that the rich gets richer and poor gets poorer.

The middle class try to balance between this two and without a major breakthrough and good financial management, they don’t get to sit in the same place as the rich for long. I think being innovative is not enough to sell your ideas to become rich, you also need the rich to also need that idea and they patronize you to get you out of that cluster forever.

If we accept your point of view about a crypto-led revolution, then logically, the ruling elite should see it as a threat.

Remember Facebook's Libra project? The global ruling class saw it as a genuine threat to their power and collectively crushed it with joint efforts.

And yet, we have Trump himself—a man famous for cutting taxes for the rich—actively promoting Bitcoin. We have Elon Musk, the richest man on the planet, pumping memecoins. How does that square with your theory?

Moreover, the Libra project has essentially been reborn into SUI and Aptos, where there are rich investors who have become even richer from this. And I also immediately think of TON, who was also supposed to die because of regulators, but eventually enriched Durov and his investors.

These people are actually rich enough to create a system that generates instantly within some few months from launch, they've known the key to getting mass money easily because they are already rich and they keep on getting more richer.

These projects you mentioned are all blockchain based tokens owned by these rich people, and who is Durov, the telegram owner?

Some conspiracy theorists claim that Bitcoin was created by the Deep State, others claim that Bitcoin was created to fight the Deep State(or the reptiles that control fiat money/central banks and secretly rule the world). I don't know who is telling the truth here. ;D
OP, have you ever thought about the Deep State buying more BTC and gaining control over Bitcoin(or the crypto world in general)?
This is totally possible and you shouldn't portray a "black and white" view of the world. There are nuances and not everything is white and black.
Most people would never "start thinking". Most people are sheep. I don't believe that Bitcoin costing 1 million USD would ever change anything.

This debate about the rich and the poor will never end, everyone should do everything in their capacity to raise their standards to what they want. We say Bitcoin is the solution to this gap between the rich and the poor and the controlling  nature of the rich. People are already showing concerns that the rich are accumulating bitcoins in large amount, which gives them that opportunity to manipulate the system at will, throwing the poor to the corner.

Believe me when I say this, inequality will always be there and the rich will always seize every opportunity they have to put themselves at the gaining side.

These rich people already have enough resources to invest somewhere they can start generating instant profits. There are numerous such opportunities and they have enough resources which just keeps piling up cash and they never end up in any financial crisis as they already have a lot of earning streams.

Building a project needs a lot of funds and these rich people can afford it easily. They can easily build these kind of projects where they can either scam poor people by showing them high hopes or can really build something innovative and can earn decent profits out of it. Durov might be one of those rich people who have build something already. I really envy these rich people and appreciate their dedication to build something exciting to earn maximum profits.

Unfortunately, even us those who are poor wish to be like the rich ones and belong to that side eventually in the future. Everyone is trying to escape a system because they’re finding it difficult but once they find themselves on top, they wouldn’t be so eager to get rid of this entire system.

Sure, visibility and resources changes how taxation and investing work. The rich can deploy large sum into assets and benefit from scale, while the average person can quietly build small investments over time. The encouraging is that with tools like Bitcoin and other decentralized assets, even small consistent contributions can compound into something meaningful. The real difference isn’t just the size of the initial capital, but the discipline to invest steadily and to reinvest the gains gotten instead of eating them. Anyone who follow this will improve over time.
This is just my opinion on this.

The political dimension or standpoint of cryptocurrency is not all about how governments and  policies collaborate with digital money. Its because the states control money using central banks  while crypto gives people ways to transfer and preserve wealth without the control over them.
This has ignited discussion over the freedom and making finance independence for numerous rich individuals and companies that use bitcoin as an investment to grow wealth. Some sees it as a safeguard against inflation while some uses it to influence policies or fund financial favours for innovation. It is also another way for wealth and influence meanwhile for the poor individuals which are said to be the ordinary people crypto grants an escape from currencies that are weak, when inflation is high and the banking system is restricted. This also allows fast and cheaper transfer of money especially for the immigrants that are sending money home which can be seen as a life changer but there are also high chances of risk, scams and also lack of protections that will hit the poor harder when things go bad.
Politically I will say crypto is all about power for those who controls money and of course that's the wealthy, a new way of how riches are been protected and multiplied but for the poor it's seen to be a lifeline and gambling at same time. It also gives them freedom from monetary hardship and still expose them to risks they may not be able to endure.

I think Its the difference of mindset that makes an individual genius and smart. Poor people are poorer because they haven't thought out of the box. They have a mindset to work as a daily wager or in labour to earn some cash and provide their families a meal of two times. That's all what happens in the life of a poor person. They belive if they will go to work they will eat otherwise they couldn't fulfill the needs of their family. And somehowe they are right in Asian countries like Pakistan, India, Indonesia and many more because they don't have any guarantee wether their government will sort their problem out. A person who has a strong mindset to build his own business will always be in search of an opportunity where he could contribute a little and earn a handsome amount. Smart people believe in skills. If they have ability to earn and invest they can make more profit than a daily wager. In this expensive era, everyone is suffering whatsoever he is a poorer or richer. But some people get better chances to improve their standards and lifestyle.

We have seen some great personalities breaking this chain. They were born poor but now have achieved extreme riches and are considered to be among top wealthiest people. How did this happen? I'll say it happened because of their dedication and consistency. They had nothing but they started from scratch, stick to their plan and kept working hard until they achieved success. Most of the poor people will lack this kind of motivation as their primary focus will be to work today so they can afford meals for the next day and they spend all of their efforts in doing so.

Rich people on the other hand will already have enough savings to provide for their family and maybe even the coming generation. All they have to focus in build more wealth by utilising the wealth they already have. It gets too easy for them to do so but poor people have to struggle really hard in order to achieve this.

It's all about what cryptos are bringing to the people and it's about the importance of decentralization. With the start of bitcoin, this has given people an idea that we can hold our own money.

We can value our own cryptocurrency and over the period of time, the value becomes bigger compared to the institutions where we're investing and depositing it.

No offense to them as they also give a great help and good returns. But it has opened our minds that there's more for us, there are better options for us.

I would say Libra wasn't an issue for the elite, that wasn't the issue Libra had. It was a simple regulations issue, USA will not allow a company to print their own money they can sell, that would cause so much trouble. It is not impossible, it can be done, but there are so many regulations involved that it made it not profitable idea for Facebook to do something like that.

You think Tether is based in USA? Of course not, it was something like Bahamas or something, because they can't do that in the USA, and even though they are not there, they were asked to be audited and then fined for even the smallest things. That is why it's clear that we are not going to see the same thing here with what Libra deal.

You have a poor understanding of the Libra history.

They specifically registered the company in Switzerland because the local laws were crypto-friendly. The US didn't like that, so they sent an entire delegation of Congressmen over there to pressure the Swiss authorities. When that didn't work, the White House started personally calling every major Libra investor until they all withdrew from the project.

Libra was also being pressured by authorities in the EU, Canada, Australia—I can't even remember how many countries it was. Keep in mind, the project was still only in the development stage. The crypto never even launched, full stop. It was essentially choked out by the entire world while still in the embryo stage.

On top of all that, Facebook got hit with a $5 billion fine, and the social network's activity started being investigated in 40 states under all kinds of made-up pretexts. Basically, Zuckerberg was given a clear message: his business would be destroyed if Libra ever saw the light of day.

The 1% of the population, the rulers of the inverted pyramid/global elite, view fiat currency inflation as a tool of control (money printing, interest rate manipulation). Bitcoin, with its limited supply and decentralized nature, is seen as a threat to their monopoly on monetary control. However, because they possess extraordinary resources (capital, regulatory power, access to technology), they will try to infiltrate their control by acquiring as much Bitcoin as possible (but I believe this is an impossible feat for any government). They prefer a soft takeover (gradual, stealthy takeover) rather than a direct attack, so as not to trigger massive resistance.

Bitcoin was born from a libertarian philosophy: money belongs to the people, without intermediaries. However, the global elite is pushing the paradigm of technocratic globalism (digital money, but controlled by algorithms and the policies of global institutions). These two ideologies will collide: libertarians want total freedom without the state, while the technocrat elite wants global efficiency with a single, connected system. This battle is a new form of post-Cold War ideological warfare, not between capitalists and communists, but between decentralization and total digital control. Small countries can become the site of ideological struggles, whether they side with the financial freedom of their people or with a centralized global order.

Bitcoin is not just a digital asset—it is a direct threat to the monopoly of fiat money. In the history of world politics, whoever controls the money controls the government. The United States has used the dollar as a tool of hegemony since Bretton Woods. However, Bitcoin enables other countries (especially China, Russia, Brazil, India, and South Africa) to build alternatives to dollar-free trade. Global elites entrenched in the dollar system (Wall Street, the IMF, the World Bank, and international credit institutions) will strive to ensure Bitcoin remains within the orbit of Western dominance. Their political strategies will dictate the direction of global regulation to ensure that all Bitcoin use adheres to the recognized financial system (for example, by tightening government regulations regarding Bitcoin transactions). Bitcoin will become a new geopolitical tool, pressuring countries that are too free (El Salvador or the BRICS) through diplomacy, sanctions, or economic pressure to remain subservient to the Western-based global financial system.

In a geopolitical scenario, Bitcoin's price fluctuations could be used as an economic weapon, such as creating panic in a country's markets to shake confidence in its governance system. Countries that are too aggressive in adopting Bitcoin can be used as political laboratories, and failures can be exposed by the global media to deter other countries from following suit. Conversely, if a Western elite successfully adopts Bitcoin in a controlled manner, it will be highlighted as an example that "Bitcoin is good as long as it's implemented properly," with the goal of making Bitcoin not a symbol of people's freedom, but a political tool subservient to the elite's agenda of global stability.

The elite 1% wields extraordinary lobbying power and political influence over governments and regulators. They can shape the direction of tax policy, licensing, and the legality of digital assets, framing them as anti-money laundering or counter-terrorism. With these regulations, Bitcoin ownership is not prohibited, but systematically hedged, allowing use only through official financial institutions they control. Politically, this strengthens the elite's position as "guardians of global financial security." Ultimately, governments will portray themselves as protecting the people from the risks of wild Bitcoin, while in fact indirectly strengthening the position of large financial corporations already connected to the global elite.

The shift from fiat to digital money is not just an economic transformation, but a paradigm shift in global power. Bitcoin opens up opportunities for financial emancipation, but also opens up opportunities for the global elite to construct new, more refined, efficient, and technology-based control systems.

I'm sure there are plenty of poor people who would love to invest, but they can't because they live paycheck to paycheck. And I feel sorry for those who are interested in investing but can't make a living because their expenses are too high.
These people have to constantly come up with side jobs, which wastes their energy and prevents them from continuing their education. It's a vicious cycle, and it's called the "poverty trap."

That's the reality, the world would aways not be fair/equal so we just have to accept this and try to get out of the rat race to move up in the foodchain. Everyone is trying to be rich depsite what people claim that they're not moved by the material things of the world. It's better and nicer being wealthy than being poor.

You get the change to impact/change the world better when you're the one making the decision which is what wealth brings. The poor has nothing financially to offer but only their man power to the economy. The poor and the rich can't be on the same level because the rich have more than enough for their daily needs that they have lots of spares for investing.

The opportunity the rich had before Bitcoin came into the picture too was the reason they keep getting richer while the majority keeps suffering. The rich still have better advantages though but atleast the poor now have an opportunity with Bitcoin that patience rewards them.

You're right and thats because the rich belongs to the circle that believe that they will do everything they can to remain at the top and that whys when the fall below their expectations, they get trapped by BP and die easily because going below their standards is what they never foresee coming, so seeing such coming to reality will be like a shock to them, so the thing is the will do everything in their power to go more higher financially, they dont get tired of acquiring wealth, they are always ready to bounce on any investment opportunities that's come their ways, the rich will continue to get richer, the smart and lucky poor ones might eventually become rich but that's other probability that's to say the rich will continue to be in the profiting lane no matter what come.

You can never go wrong with investing in crypto and that is because crypto, to be precised, Bitcoin is very much futuristic and not one you should even fear you will regret investing in it any soon. I always do say that the best time to invest in BITCOIN is has always been now, if you wait till tomorrow, you may be late on the investment because the price them must have changed away from that which it was today that you refused investing.

Even the ruling class understands the essence of Bitcoin and the futuristic values it has and has even begun to key into it even when they know they have a whole lot to do with  the current economic situation and may have themselves exposed as stated by you.

A man who has is finding it difficult to eat can't be talking about investment, this is the reason why we don't see the low earners and those struggling financially investing because, to them the most important thing is is food. It's very hard to see a poor man see investing it will take a poor man who is forsighted and is really concerned about changing his financial situation to endure hunger and thinks about investing.


Investing is mostly done by the rich because they have broken beyond that realm of lack and food and shelter is no longer there problem

You're right, and USDT doesn't comply with U.S. law, so they created a second token specifically for the United States.
https://tether.io/news/tether-unveils-usat-its-planned-u-s-regulated-dollar-backed-stablecoin-and-will-appoint-bo-hines-as-ceo-of-tether-usat/

Yeah, yeah, the same Durov who portrays himself as the savior of the free Internet at the same time does not consider it necessary to include mandatory encryption in his messenger.

The one thing that I can think of is reserves. I understand it is not going to be accepted forever, but it is quite clear that if we reached ETF level, then we can reach the strategic reserve level too.

Sure maybe not right away, but it looks like almost every nation I heard of is saying they will not be selling the seized crypto. Meaning they have a default reserves in crypto, yes they are not spending any money on it, but they are definitely making some good returns from this as well. If they just seize criminals crypto and keep that, just hold as long as possible, that's going to be a great reserve for them. This will be a great deal for them, and should not be a bad income for the future and help the public too.

Of course the middle class is taxed the hardest but they dont have a way out of it. The rich will remain rich because of their habits and control over important figures.

Poor will take poor decisions and not be able to grow out of poverty into middle class.

We all understand this, the way out is to keep track of investments and methods to develop your own skills so that new jobs are possible and the middle class can keep itself earning decently.

No direct solution but you can bear with this and make money out of it.