Bitcoin Forum

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Like any other currency, bitcoin is not redistributing wealth to the common mass. However it has given an immense opportunity to the educated and tech-savy mass. People who are good with computers can still earn bitcoins or other currencies by providing various service to the crypto community. But that doesn't necessarily mean fair distribution is happening. Only people with a certain set of qualities are eligible to earn it. So it is giving that particular set of people a chance to live a decent life but not to all levels of society.

Indirectly I think that is what is ongoing at the moment yes. The funds themselves won't come from the rich because they will likely prosper from cryptos but I think those who take the time and effort to learn the industry stand to benefit a lot. Directly however the funds are coming from somewhere and while it may make a lot of people slightly less well off I think the amount of people that gain from this industry will be worthwhile and I think it provide a net positive effect for the world.

Wealth redistribution (in the sense you're describing it) would be taking wealth from the rich and redistributing those funds to the poor. I'm not certain if bitcoin has that effect. I believe bitcoin benefits those living in poverty and elevates living standards among the lowest earners, but I don't know if I'd go so far as to say bitcoin functions like a currency based robin hood, stealing from the rich and giving to the poor.

This topic could invoke discussions relating to socio economic stability. Whether or not large wealth divides between classes can be maintained without some form of auto-correction taking place. Anyone who has ever watched some type of nature tv show has probably heard ecologists or biologists discuss the fragility of our native biosphere and how mass species extinction and other cataclysmic events can be triggered by imbalances in nature. It is possible there is a type of socio economic parallel which can occur if wealth and wage inequality spirals dramatically out of control.

If we're witnessing people losing faith in things like stocks, bonds, government issued fiat. And there is some type of counter culture movement whereby bitcoin and crypto are being elevated as people seek more independent means of maintaining wealth, doing business and general living. Then yeah, maybe it could be said that crypto represents a redistribution of wealth as people abandon the institutions they have traditionally relied upon. Although, I don't know if I would go so far as to say that where people could hear it.

It's both in my opinion.

Of course, as bitcoin rises, the rich do gain more wealth, but along-side that, those who aren't as wealthy and who got into bitcoin earlier are also able to reap the profits. Think about it in the sense of someone who is poor, but got into bitcoin much earlier (around 200 a piece). Now, that person's bitcoin is worth 15k, and they can support themselves off of those gains. In that sense, I see bitcoin as a helpful asset to everyone.

People who take time and effort to this system or industry take a benefit a lot.If a certain goal has to achieve you must reach your aim.Not all wealthy are those who gain more.If you have the beleive and trust you can possibly achieve also and become succesfull as they are and always be positive

I would agree. Bitcoin does not redistribute wealth because not everyone from the common mass are able to enjoy wealth or reap profits from bitcoin. Especially those who come from the low class are unable to access bitcoin or other cryptocurrencies because they cannot afford to use internet or any other device in other to connect and do so. Bitcoin may give opportunities to some, but it does not entirely redistribute wealth. Also, even with bitcoin the rich are still rich. Even with the presence of bitcoin, it does not change their financial status.

Because of their sources, the rich are able to access bitcoin more as compared to those who come from the lower class. In a way, it makes them even richer because of this privilege that they have.

The latter. The brightest or weirdest people got in early. The richest get in after them and buy from them. The donkeys will be last and the richest will feed it back to them in a way that makes them even richer.

Yeah, this I buy.

There may be some re-distribution of wealth to smart & technologically oriented people who do not have much money, but my guess is that most of the profits seen so far benefit mainly already wealthy people.

Barring the crazies who got in when BTC was under a dollar, smile.

For me bitcoin distributes all the people, rich people, it will be more wealth if they invest in bitcoin and the poor will become rich and maybe become a billionaire if they have been stockpiling bitcoin from 2010. Have heard much news about this, where people become billionaires because of bitcoin. Keep doing the best, then you will become rich because it is distributed from bitcoin.

Many people are member of wealthy family and those people can afford to invest large capital in bitcoin, so therefore as they are already a wealthy people and can afford to invest large capital and gain more profit so meaning the more the manier. The more capital the more incomes returns. If you have a lot of money already and you invest it into bitcoin, you become more and more richer.

I agree with avikz. Despite the easy accessibility towards Bitcoin considering how everybody is aware of the cyberworld, redistribution of Bitcoins is not occuring as the knowledge towards this platform is still not diverse and established formally. As avikz said, Bitcoin allows opportunities for the users of Bitcoin and I think no matter how late you discovered Bitcoin, you can still benefit from it. The fact that the structure of Bitcoin can be quite complex and hard to comprehend limits the people who can acquire it making the situation favorable for those who are more interested in these types of ventures.

Its pretty obvious right now Bitcoin has become a speculative vehicle with high entry fees to participate.    Its reinforcing wealth and the general FIAT system right now.    Previously with low transaction fees it allowed transfer of value between people who otherwise would be isolated and unable due to poor access to the banking and finance fields but now we are right back to square one.

Bitcoin is elitist Im sorry to say, I hope this is seen as a negative but not everyone respects capitalism and the simple origins of free trade.  I see sucess with a wider world able to access Bitcoin and I'd love to quote some important Dev on wanting similar but Im not sure we will go that way.    Crypto overall will find a way, I think there is still free enterprise out there but its a long and winding bumpy clifftop road till balance comes to economies worldwide including online global transfer trade.

I think so because if a person that already has a capability to invest large amount of bitcoin then they are the one who owns huge profit if price fluctuates while those person who has less chance to own even just a little bitcoin has also less chance to get wealthy but there are ways to own bitcoins without any investment if those less fortunate strive hard to own bitcoin well most probably they can also make huge profit if they hold it for a while.Bitcoin is for everyone rich or poor as long as every individual add more interest to own it ,work hard for it and more strategic i think thats the key to change different lives for a better one.

For me bitcoin distributes wealth to those people who are interested to bitcoin. The rich will becone richer .it distribute wealth because everybody is welcome to join here. The most l like here is no restrictions, as long as you are interested you are welcome at bitcoin. No age limit also so anytime we are a part of bitcoin. That all benefits of bitcoin will distribute to every bitcoiner.Wealth of bitcoin will be powerful to all bitcoiners.

If you base it on what you asked, distributing wealth is not possible to any community. I don't think they (the wealthy people) will even allow that to happen. If you were in their place you will also do the same. Giving wealth to those people who doesn't earn doesn't make any sense unless its a family member who will inherit your wealth. Bitcoin provides opportunities no matter what class you belong. As long as you are skilled and can understand how bitcoin works, you can earn a decent amount of money. You are right on bitcoin just makes the rich people even richer because they have the money and can hold coins for as long as they want to until the price is at its peak.

Eh, honestly it makes the early investors wealthier and anyone who saw Bitcoin with money and dumped a lot of value into investing in it. The only redistribution that occurs, which is of noteworthy comment, is the distribution to anyone who got into Bitcoin earlier than 2013 or got invested during the $200/BTC portion of 2015. After that and you're basically completely out of luck when it comes to investments and being part of the "redistribution".

The rich are mostly getting richer at this point as whole BTCs become out of reach for most people and the trend moves into consistent $10k's of value. There's very little that can be done now for the "little people" getting involved for whole Bitcoins, they can always keep their investments small though.

Both  can happen in Bitcoin. Bitcoin is an open opportunity meaning anyone can get in anytime  whether you have a small or big capital. With small capital we have the chance to make it grow while if you have a big capital then you can earn more  at the shortest time possible compared to depositing your money in banks. Of course,there are risks involved and we don't have to go to anything with blindfolded eyes. I don't understand the idea of redistributing wealth that is not the best way to do it..we should be promoting wealth creation by means of merits and not mediocrity by dole-out mentality. 

There will always be an upper hand if you are a rich person compare to normal person who gets bitcoin, a rich person can buy a lot of bitcoin without any problem which will make that person more richer, while if you are a normal person mining bitcoin or acquiring through work, which will took him a long time to become a rich person.

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Exactly.Bitcoin is giving great opportunities to all the people who wants to make changes in their lives.If you show much interest and effort on bitcoin even if you have no capital to invest,then you will really make big profit along the road.You will start to earn little by little through participating in signature and bounty campaigns until you will reach one bitcoin and it's already a big amount for us.But it will give also more advantage to the wealthy people because they can make their lives even wealthier if they strive hard and continue earning and investing in bitcoins.

One thing to note is that it was designed to do neither. Some people may think that Bitcoin is anti-establishment and was made so that people from the lower classes can level with people from the upper classes, and it's simply not as grand as that. It's a trustless currency, and rich people can just as easily enter the market as poor people.

That being said, I would say there's no wealth being redistributed in the strictest sense of the term, in that you're not really taking money away from the rich to give to the lower classes. Bitcoin made some poor people wealthy, it made some rich people wealthier, and that's it.

It is definitely not redistributing wealth, it is merely making the rich people richer, though it also does make other regular people rich too. So I guess in a way it helps create rich people, while also helping the rich make more money.

I guess there is a distributing wealth all over the world, as bitcoin is depending on it's supply and demand. And it has a market cap where we can base it's value.

I'll give an example:
A young boy who's not that really rich invested to bitcoin when it was around $0.5 and he bought 100BTC so that's only $50 of his savings and he did planned to do nothing and hold it as something memorable for him as his first digital investment.

And years later, bitcoin grew and it's price reached $1,000 which already happened and then a very wealthy person (whale) invested and made the demand higher that made it $1,500. So this young made a lot of money because of the invested money to bitcoin that came from rich people.

It's making the rich richer and the poor-middle class to receive distributed wealth from them.

Making the wealth richer, making people who are not rich become a rich people, and only more advanced people that can become a rich by bitcoin. Anyhow it's still need more knowledge and learning more things of course.
For me bitcoin is still a great opportunity to earn money so far, in essence I just thinking I keep trying I can take the advantages of all the superiority of bitcoin, but one thing.. it's not with a gambling.

It does not redistributes wealth but it's giving a chance to mass to gain some wealth.
You will need a hundreds of thousands dollar to run an ordinary business, while  you could invest in bitcoin, alts and ICOs pennies and gain.

I think BTC opportunities are equal for everyone, the rich used to increase their wealth, general investment to increase their income, but the money we understand this truth, so if more invest COINS, so the gap between rich and poor will be more and more big!

Not really. It's currency, and that doesn't happen with a currency. As with 'Mathew Effect' top 1 per cent hold 95 per cent of the wealth. An institute in Hungary did this study in 2015 and found these results. Although old still similar figures hold true. But because bitcoin is decentralized it just prevents any authority to meddle in to appease any party.

Redistributes Wealth? I don't think so.Bitcoin cannot redistribute wealth, but the people who uses it. Wealth Redistribution depends on how you cash out your money. Yes, the wealthy investors can cash out which may decrease the price of Bitcoin and wealthy investors can invest and buy bitcoin which may increase the price of bitcoin, But still it depends on how can you create an opportunity on these kind of events, I think there is a website that you can monitor the price of bitcoin which is  bitcoinwisdom.com and you can use that as an indicator to buy or sell Bitcoins.

  Bitcoin does not redistribute anything. Everyone can become rich, the main thing is to have a desire and work hard. The one who does not want to work will never become rich.

I think I will have to disagree with this, because its not like every other currency that in terms of distribution. In the world today, there are certain  level of education you need to be able to practice in some profession in other to get some decent returns every month and even some amount of years to do that ( with the exception of the big entrepreneurs or inventors). For example as an accountant just starting a career, there is no way you make as much money as someone who has started practicing in the industry or firm for ten year which means he has more money to make more money and that is the way fiat as currency is distributed.

While I agree that some level of understanding is needed to be involved in bitcoin, it still cannot be compared to bitcoin because it does not even matter whether I am an Msc holder or Bsc or maybe college degree holder to be able to have one. Its also not a respecter of race every one have the equal opportunity just acquire the basic and simple knowledge and that is gradual distribution of wealth.

I think yes there is complete redistribution at some point and off course that is why we are seeing the up and down trend of the bitcoin prices. This is really dependent on the market capital because that is the store value and place from where re-distribution occurs really. I mean if there would have been complete control over the bitcoin capital distribution then it could have been sort of centralised or equal to fiat currency. The fiat is good example where it doesn't redistribute the wealth due to controlled environment and the prices stays as it is and that why your money doesn't grow really. What it takes for the redistribution in the world of bitcoin? Well, just the way people are putting the money into it the same way they are getting it incriminated due to increased market contribution. The money has to come back from some where and that comes from the market cap itself. So yeah it does make sense and no its not juts making the rich richer but also helping the new comers to become richest.

it's really true and if I see also now it's a lot of rich thanks to the bitcoin. so the bitcoin is a lot to make people become rich and rich people also become richer

Not in any way is bitcoin redistributing wealth, those who invest make profit or vice versa. From this you make your profit or loss from the point of how well you can take risk.

Bitcoin doesn't do anything on its own. The market forces are the reason for why you get capital gains. There is no redistribution effect, are you talking about bitcoin forks? If yes, well they are just a Plagiarized code of bitcoin's original code and few changes to make "bitcoin better", while they don't help at all. Bitcoin cash is thus far the best result derived from a fork, others just went to ruins.

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Who makes the wealthy richer? Well they find themselves in a situation which makes them rich either because of their stupid or clever decisions. That is terrible question and proves how useless and dumb you're,and a big noob.

One thing I am quite certain about is that there is only a small percentage of redistribution of wealth going on if one is to base his conclusion using developed countries such as the US, China, Japan e.t.c as benchmarks.

If one is to base his conclusion on third world countries where $100 worth a lot then I will say there is a large percentage of wealth redistribution going over there as small amount of bitcoins can mean a lot. Otherwise, it's just the whales getting richer from all forms of strategies from Bitcoin forks to pump and dump schemes.

Yes I think it will have long lasting wealth redistribution effect.

Two driving forces:

1) cryptocurrencies and digitized assets have much smaller transaction cost; high transaction cost leads to big organizations and hence a concentration of power to take advantage of economies of scale in order to lower the transaction cost; big organization leads to culture and norms that help solve the free rider problem, hence the exclusivity and secrecy; lowering the transaction cost removes incentives to form big organizations and ensures wider access to these assets.

2) the cost of issuing a new cryptocurrency will approach zero; this has profound implications as concentration of holding will become self-destructive for the currency; majority of the network can move freely to new cryptocurrency with a more even distribution, which benefits the majority at zero cost, hence wiping out the network value of the old.

This means that redistribution will take place in a natural way because the strength and value of a network depends on the numbers. However, property rights will also be more clearly defined and more liquidly traded in the token economy so wealth in terms of property rights will not be redistributed, but rather more fairly valued.

The crypto currency market is a new platform and therefore you can very well tell that it gives an equal opportunity for everyone to make money if they invest in it carefully even with small investment you could make a lot of money but what makes you think that it is redistributing wealth,and if so what proportion is distributed from where and so on must be explained  :P

No, bitcoin doesnt redistribute wealth Nor makes the wealthy richer. Only those people that have knowledge about bitcoin and have skillS  can earn bitcoin.

I don't think it does either, all that it does is serve to reward those who invest in it. It gives the less well off a chance to change that, or at least to this point it has done but it also offers the same opportunity for the rich to become richer.

money and wealth are just one particular definition of power.

from prehistoric era to the late XIV century, kings and emperor were the richest people.

from XV to XX century the richest were the bankers.

in the late XX to early XXI, Microsoft Apple Hardware and system providers made it into the richest places and the most powerful.


2000 - 2015  Internet race with Facebook, Google, Amazon, Alibaba wealth got owned by Internet linked businesses.


2012- 2018+ will be about blockchain businesses.

but be careful as you can see wealth is made over new technological leaps.

so the next leap will not happen with bitcoin. it will happen somewhere else.

also, you notice that all revolution and wealth changes happends faster... i think you get it.

Wealth distribution will never be fair. People with an average income, and even those who live below the minimum standard, will always end up selling their coins, and buy them back at higher rates. It all comes down to their financial position. Bitcoin won't stand still to wait for people to buy back their coins at the same levels, the past has been the perfect example of that. In other words, the price will only increase further. The aforementioned category of people will always face situations in life where they have to cash out their coins to fill up the financial gap in their personal life. People with enough money already on the bank don't have these problems, and thus have enough time and patience to keep holding everything for long periods of time. When we're like ten years away from now, there will be a supreme elite in terms of Bitcoin holders. I wouldn't be surprised if we come close to current fiat wealth distrubution in terms of percentages.

I think earning bitcoin is the most fair among all other investment because everyone has equal opportunity of earning it does not require only those who are rich already to make investment because even in a small amoubt a person can start investing and earn from it so I think bitcoi n redistributes wealth properly and fairly

How can Bitcoin redistribute wealth when Bitcoin is not backed by gold, currency or anything? Bitcoin is just like fiat, it has a value because the community believes it has a value. The community drives Bitcoin's value so there is no wealth that is redistributed at all.

Bitcoin does make wealthy people wealthier. Since the price of Bitcoin is so high, only rich people can easily invest to Bitcoin. Thus making then even richer.

I think bitcoin is making the poor rich. And the rich became richer. Just like here in our place many of us are poor but because of bitcoin. We are able to improve are way of living. From bad to good.

I think so that possible that it is just making the rich people more wealthier because they are able to invest into bitcoin even when the bitcoin rates skyrocketing. I mean even though bitcoin has reached to all new heights it is not much for the wealthy people as they can invest more than that into it. I think this market is redistributed into them only because they hold the most of the market into their own pockets and how we can expect the money to drive equally into rest of the community. There is really ambiguous situation on this question which I don’t think can be resolved as we don’t know who holds how much and up to what extend. But surely richer are getting benefited from it a lot. 

I think that bitcoin was created in order to redistribute wealth among all people, but in fact the rich began to get even richer, and the poor do not have the opportunity to invest in the crypto currency.

Of course not!! Just like the early 50s and 60s, it creates a set of new wealthy people. This happened with the dotcom bubble where a new set of wealthy billionaires were created and eventually just like any other wealth generating system, it will be confined to a small set of people who will own 90% of the world's wealth. The world in general would always remain the same and would run the same way as it runs now!!! :) It is only a dream to not accept the reality of a flawed world. :) :)

I think both. But it depends on the person holding it. Btc is just a coin, it cannot manage itself, thus only a person possessing it can. The redistribution of wealth really happens to all of its users and at the same time those users who redistributes or has part in the redistribution can also make their wealth richer.

Hmm... Even though everyone have an equal chance of earning or probably buying some, the truth is that only the early adopters who were able to buy something good, no matter how little, will end up still being able to get the best from it, while the rich ones even get more. The wealthy ones who were even early adopters, will always have more chance of even doing better in the long run. Imagine someone who believed in bitcoin and was rich, who was then able to invest as small as $5000 in 2009/2010, knowing it is something he can easily risk or even give out on a normal day. The rich have more chance of even getting richer while redistribution of wealth will just be in small proportion.

Bitcoin is not making the wealthy richer, it is making the wiser ones wealthy since the most talented people in the crypto community are driving the market trends. For example people like Roger Ver, Jamie Dimon, Goldman Sachs are manipulating the market through their influence and making more money out of it. The new comers and the non-talented people are the ones who are losing their money in these cases. People losing money in pump and dumps are clear cases as they become the bag holders. So the people who are wise enough are making money from the non-wiser ones.

It redistributes wealth. I know some who are onto bitcoin. They are just earning what is enough but when they started doing bitcoin, they also began earning extra money which they saved. It gives chance to others to earn extra income and be wealthier than they thought they could be.

No, there isn't because there are still whales in the crypto world that somehow controls the price of the coins since they can pump or dump the coin anytime for their own benefit. However, it has given a chance those people who are willing to learn something new so that they can earn from it. Mostly, the young ones who understand the technology would have an edge over the people who do not want to learn it. It has help a lot of people financially because there is so many opportunities in cryptoworld.

Yeah it may safe to say that some poor has become rich and the elite millionaires are now billionaires.

yes i agree, it redistributing wealth to the poor and multiplied of the rich people, because poor people who has least fortunate in wealthy living can gain or acquire more money if they get involve in bitcoin industry,on the othr hand,rich people with their resources[such as capital and business machinery] had a great oppurtunity to earn more profit through investing and makes them wealthy richer

Bitcoin is not created to redistribute wealth its objective is to use as digital currency to enable instant payments and to make it decentralized transactions how can we say bitcoin redistributes wealth if only few got many of this and majority has small holdings, with the current value of bitcoin it just makes a holder of many coins richer than other. 

bitcoin not distributes for rich people and even poor people still can buy bitcoin so bitcoin was created for every people in the world and there is no unfair redistributes about that but the difference is poor people only can buy small amount of bitcoin but if we do that consistently eventually poor people will have pretty much amount of bitcoin and indeed it may took more time to do so

as far as price and the profit of investing in bitcoin goes, what OP is asking is like asking whether Microsoft, Apple, and lots of other companies with stocks that went to the moon distributed wealth!

obviously some people make a good amount of money because they were wise enough to see that potential that regular people fail to see in things. and also they took a very huge risk when they became early adopters and this risk is something that people usually forget when they talk about this group.
if anything bitcoin is wealth and some used it to have a bigger share of this wealth than others.

Anyone can be involved with bitcoin - rich or poor, young or old, professional or not. Bitcoin is for everyone as long as you are computer literate. So we can't say that it redistribute wealth or makea rich even richer because it doesn't have target market. I think we can safely say that bitcoin gives equal opportunity to anyone regardless of life status and we can improve our current financual standing thru it.

Same. People who are rich can buy as much bitcoin as they want (if they are into it) and sell it bigger, they will become richer. But on the otherhand, to common people seeking some opportunity, bitcoin becomes our hope to atleast earn, maybe not become very rich but step to a other zone.

Well they are just getting wealthier but I believe that the middle class and the lower class has the opportunity gain profit here.

it depends it could have been at some point but now with the new attention that has been drawn towards it there are of course people with  a lot of money who buy in and have a bigger control over the market. However since it is nothing like traditional stocks or invetsments i think that the people that have come from that game will not make anywhere near as much money as they would normally, i guess in summary it has gone someway to redistributing wealth but some of that has inevitably been lost since the early days.

The wealthy is wealthy for a reason, they run businesses or do something that allows them to gain money from someone else.

Bitcoin can distribute wealth but if the person in question can only consume and not provide then eventually the wealthy will earn those bitcoins and get richer.

Plus nothing is stopping a wealthy person from buying bitcoin straight out before the normies buy it.

I don't think Bitcoin makes wealthy people more richer,it is just people who have more money and can invest more and definitely they will get more return but that doesn't mean it doesn't give any opportunity to small investor.Bitcoin has something for everyone and that's the USP of bitcoin.Trading is any thing not just bitcoin is a skill and that can make many poor-rich and rich-poor.

There can be some redistribution effect of Bitcoin but it should be really minuscule. A certain number of people have become rich thanks to Bitcoin, but it is more like redistribution of wealth between the moneybags themselves. They are the ones who can buy bitcoins in big amounts and sell them later booking hefty profits.

Bitcoin has the ability to make the people richer who can invest on bitcoins,but the bitcoin price is too expensive for the normal working people so they can invest on bitcoins but not in a big scale so it maybe help to increase the income but not totally helps to distrubutes the wealth around people.In my thought bitcoin makes the rich people more wealthier.
But the normal people who can invest on bitcoins regulary with his savings amount then it make them richer in future but they need to hold their coins in longer term.

yes cause it depends on the mindset of person, cause if you have some effots then you can gain more profits and if you are lazy then you can't achieve your goals and for sure you will miss the big opportunity.  Indeed that is the common how to become wealthy on this crypto world even you are not a degree holder the most important you have knowledge and strategy how to ride the wave. Like what others says learn to earn then soon you will be rich.  

I agree with your opinion, general knowledge is not enough  to make people to be rich. genius, smart, diligent, and smart set up strategies and opportunities are key to becoming rich. Like his case with this crypto world. You have a lot of capital, not guarantee can be rich if we do not know the state of the market in the crypto world. On the contrary, even if the capital is small, but we already know about the crypto world market and we know what to do, we can also get rich.

 >:(

The poor don't have a dime to invest in BTC.
So they will just remain poor.
It's obvious.


If you invest 100$ or 1000$ does it matter what the price of bitcoin is?
You buy 0.2 or you buy 0.5, if the bitcoin price double you double your money, no matter what the initial price was.


Really?
How about you come with some examples, of poor people investing in Bitcoin.
Let's take for example Somalia.
How in the name of god could they "invest" in BTC when they need to work for two months just to pay a tx ?

The wealthy people are always going to be wealthy if they know how to manage their money. If they invest a lot, they will become more wealthy. But if the poor does not even know what to do, they are going to be two times more poor, lol.

Bitcoin doesn't redistribute wealth. It is just an asset like others, and accessible to those who already have something. We can say that people can earn Bitcoin by working for it, but if that is the case, they can earn any currency by working for it, but the ones having nothing except poverty can never access something like Bitcoin. Bitcoin is a sort of currency, and you can only have a currency if you are eligible for it, but it is not given to you for no reason.

just a wee bit, but it does evens the playing field :)

From your word re-distribution, I don't think if this is really like re-distribute wealth or money in the rich people to become richer. All I know is, bitcoin is giving us an earning that we deserve to get. Hard work, and on how you handle it. Bitcoin is not distributing wealth to people but giving us what we deserve in working in bitcoins like or example is in this forum, in trading sites, investing sites and many more.

Those same opportunities are also afforded to the rich and that's why it doesn't necessarily redistribute wealth, that would imply taking from the rich and giving to the poor which is not true, it is more of a case of giving to all those who are willing to put in the time and effort.

I don't think so , ofcourse some people got rich of bitcoin who where poor before.
But right now people with bitcoin are getting more wealthy while new people don't have that opportunity.
For example it is so easy to invest a couple of btc in an ico or a coin you like when you have a lot of btc , so i think the situation with wealth is now how it has always been.

Just like fiat money, fair distribution seems really be very an impossible thing .Even on bitcoin world sad to know the fact that fair distribution isnt still possible since those who do have capabilities do always have the edge among others or on average joe's which means there would be still accumulation on how many coins we would able to store up either by pure investing or on accumulating by doing task.

The fact is that here even to think anything, with wealth as the poor began to earn, possessing the old earn even more. The frames have shifted.

Doesnt redsitribute wealth, but open windows for people to make some money, anyways whales will always be whales whether they are buying BTC or gold or oil and will hold the vast majority of the market share

People usually try something new to earn money. Bitcoins help the wealthier become more richer and also it helps the poor to come up with some good opportunities. Bitcoins are much profitable to use. The one who can afford to invest in bitcoins gets more richer and the one with no investment ends up by earning bitcoins by himself. Bitcoins redistribute the wealth according to the hard work the individual does and also the needy and mighty people's with good knowledge earn a good profit in bitcoins.

I think there is some redistribution of wealth in the world. For example many my friends who had only money for food and rent payments now can start dreaming about travels and more. But still there are many people who lose their chance to earn extra money. That is why I can make a conclusion that rich will be richer 100%, middle class will be richer in approximatly 50%, and poor class will be richer in like 15% (because it's their mindset).

No doubt bitcoin is making wealthy people more richer and even till now maximum number of bitcoins are in hold of 1% whales, but you can't deny the fact that many people without any good financial background are now able to earn huge in this business. I have few friends who started from the bottom and now they are millionaire just because of bitcoin. Bitcoin can't eliminate the discrimination of wealth in society but it can provide opportunities to the people from every class.

You summed it up quite nicely mate!

This is the whole thing behind the rich becoming even richer over time while the poor remaining as poor as they have always been or even poorer in the worst case. I would only add that the poor may not be always poor just because of their mindset. There can be many reasons. For example, they may be caught in a rut and to get out of it may require extraordinary amount of effort and willpower. Though you can still say that it all comes down to the right mindset.

There is no redistribution of wealth in the traditional sense. Taxation is the best example of redistribution, where wealth (income) of the rich is used to provide public services. Bitcoin has created wealth, thereby reducing wealth inequality. Even though wealthy individuals may make money through cryptocurrencies, people across the income spectrum have become wealthier.

You realize that your scenario is impossible?

First bitcoin is not just printing money.
The price of bitcoin grows because somebody is buying bitcoins.

In order for Alice's wealth to increase , John must buy some coins. For both of them, there must be Mike who also brings money in.
Now, in your scenario everybody will get richer, how????
It is impassible since at a certain point the value of bitcoin will get stable. There is no unlimited exponential growth.
So when it's finally Louise turn to buy, the price won't budge. It will go up 0.0000001%.

No, the poor will not get 15%. They will not get even 1.5%. They will get 0.
Besides, if we all would be billionaires we would not be all rich, we all would be poor. Cause 1 billion wouldn't mean anything since we all have billions.

It is hard to say whether Bitcoin redistributes wealth or just makes the wealthy richer. Bitcoin is creating wealth for early investor and for the rich but It doesn't really redistributes the wealth.

For me bitcoin distributes wealth because not only rich people who benefits here. Everybody is welcome to earn bitcoin. As long as you know how to follow instructions on how to have a bitcoin you're about to have a bitcoin.

No redistribution, and certainly some rich people have taken advantage of it to gain even more money.
But it is (at this time) also a good opportunity for some people who don't have much money to increase their revenue investing or earning money by working for the different projects which are developed in this economy.

In fact, that remains to be seen. Personally, I wouldn't say there is no redistribution, though I definitely agree about the rich grabbing even more riches. My point is that while the poor remain as poor as they have always been and there's no redistribution because there's basically nothing to redistribute among them, this is not quite true in respect to the wealthier parts of society. In essence, every technological breakthrough or advancement brings about new elites. But new elites can't get to the top without overthrowing the old ones. In this manner, some redistribution of wealth should necessarily happen, and the new money takes over the old money.

I can say both though we all know that the wealthy become richer because they all have the resources. But it also give chances to people who are in need of money to increase their earning through investing or even trading. Just to be wise and strategic to succeed in whatever goals you may take in life. Base on the stories heard there are lot of people getting rich because of bitcoin and because they work hard and study on how to be profitable and become wealthy in the long run.

anyone can join bitcoin so not only the wealthy people is getting rich,the poor people also has the chance to get rich if they are join bitcoin.

I think bitcoin can redistribute wealth. But this distribution is similar to the previous distribution of wealth. People who entered the bitcoin early, and some with the advantage of the block chain technology, would quickly gain wealth. In addition, people with big capital have more advantages in investing in bitcoin.

I think everyone has the oppurtunity to earned bitcoin although the rich became more wealthy but also a low profile status like me also can gain thru bitcoin not same as the earnings of rich people but the thing is any person who had put their effort, patiance and time whether a rich or a low profile everyone has the oppurtunity to earn a bitcoin.

I think it does both.

The system is still not perfect.

The players with huge capital are making even more but at the same time a lot of smaller people are getting more than they would ever make in the traditional sense as well.

Both are correct.

I probably agree this time as bitcoin makes Wealthy people more wealthy.That is the basic concept,more the money you invest more is the profit you get and vice versa.Agree with a fact that it need certain amount of skills and information but that is same with small investors too.Small investors also generates good profit but not as much as big wealthy investor.So the basic case is it distributes wealth according to one's capability but not equally.

I think this bitcoin makes people so rich, with this bitcoin we can get a job that can say more profit than others because his work is not too difficult, we should be happy with this bitcoin someday we will become rich

That´s an interesting view. So the rich were too busy to go into it early so the visionaries and early adopters would get rich. However, how many people of those were already wealthy and had time and money to invest?

I think bitcoin for me, can help our lives to get better profit so that we will meet daily needs with bitcoin. So I think bitcoin will be rich for everyone who does it. Especially when you are currently investing in bitcoin, you will better get bigger profits, so will be rich. and I'm sure that bitcoin prices next month will tend to be higher than now.

Basically redistribution of wealth doesn't depend on any currency, in fact it depends on the form of the economic system. Bitcoin no doubt is a new financial system and currency but still it is a part of the capitalist economic system. It is not the currency to be blamed but the flaws are in the system, like everyone knows that in capitalism the rich becomes richer and the poor becomes poorer. Bitcoin being a new technological invention brought up some early adopters to the rich society, but it is now itself caged by the rich to make them richer. This will go on until any new and better economic system is introduced to the world.

I don't think bitcoin is redistributing wealth but I think it created and still creating wealthy opportunity to all those whom seized the opportunity of making something out of it. We can't simply ignore the fact that it bettered the life of those whom used it as a business opportunity. And it did not make the wealth richer; bitcoin started at quite a low price which was quite affordable to many before it pumped.

There was a redistribution effect but that was in the earlier days of bitcoin now if you want to get bitcoin you either need to have a lot of money or to invest a lot of time and neither of those both options are easy at all.

Until people learn how to buy bitcoin, many middle or lower class Americans will assume that it is "too expensive" so, in America, no. It is, however, true that for rural parts of many third world countries it may eventually enable the small scale entrepreneur, especially if we make a deliberate effort to foster it as micro-loans, etc.

Wealth distribution is when wealth of rich people are distributed to poor people. Which I think is not happening.
The monetary gain in bitcoin depends on how well you use bitcoin as capital or investment.
Bitcoin is created for Financial freedom and it means we are in control of our gains and losses. 
You may say that rich can be richer because their investments are just a part of the their wealth that they could leave until they see profits again. While ooor people invest maybe forty or fifty percent of their income just to be involved in bitcoins.?

So what is the point when the price of bitcoin is falling down day by day ? It's 10k$ for now.

At the initial stage of any currency redistributes wealth. But then the money is always concentrated in the hands of more competitive people. This leads to financial inequality and the emergence of various classes of society. Then there are unequal conditions for the start of the children from different classes. And history repeats itself.

I think about this is that it is not about being wealth anymore because there are still many people who are just in the middle of poorness and wealth but they are going to buy bitcoins because they know that bitcoins are still worth of holding. wealthy becomes more wealthy because they know that btc is worth it too.

Bitcoin is a type of digital currency that can be used like any other currency, can be used as a means of payment transactions or made into the form of investment assets. there is no effect of redistribution of wealth from bitcoin, but people can become rich because of this type of cryptococcus, even bitcoin trading just like other stock markets but can be more profitable and more promising.

I know bitcoin is helping those in the lower level of society and also those who have no job at all they are into bitcoin to earn to improve their lives and maybe they will become richer .

That's some really fun things you say here.
So, let me clear things for you.

Middle class and lower class Americans, which earn between 35-75 $ a year and afford a house, a car and a trip aboard are calling BTC two expensive while at the same time, in the rural part of a 3rd world country (lets say Philippine) , people that are making below 2000$ a year and spend more than half of it on basic food are going to "invest".
Yeah, probably you're right, forget about the opposite, white has just turned blue with red stripes.


No, it is not.
Do you have examples for at least one that did this?


All new technology is available first to the rich.
And this is almost an universal law.Because only the rich can afford it.

And back in 2010, the poor in poor countries had no internet access, so no access to bitcoin.
As for capitalism, you can always choose, this flawed system like the US , or the socialism of Venezuela.
Your option?

I think it definitely made those early adopters richer. Maybe later on rich people who could afford to buy Bitcoin at a higher price came along and it's made them richer. And the even richer with the power to manipulate, it will make them richer.

So all good ideas can get ruined.

Wealthy people take their agvantages in any case.
 But all bitcoin-related infrastructure require new specialicts, that can take their own piece of pie.

If you are skillful or your specialization is computers and related to technical and such then it is possible for you to be rich in bitcoin. Technical, marketing, computer skills will make you have an advantage in this area. It doesn't really make the rich richier but rather those who are skillful enough and determined enough who will get rich.

Wealthy people have a lot of advantages already because first of all, they are financially educated unlike the majority of the masses. Plus, they have resources ready to put into other investments. But despite of this advantage, bitcoin has given the majority a chance to get to the same footing with the wealthy. But how? you don't have to be uber rich or have a substantial amount of money to buy bitcoin. From there, you can grow your money through making use of multiple strategies. Plus, there are campaigns, airdrops and others wherein you can earn btc. In my own opinion, ctc is easier to understand than forex and stock trading.

Bitcoin is like a business wherein you must put a full effort, determinated mind, and powerful dedication to gain and earn whatever you wanted to have. It is always based on yourself on how you will take and run this kind of business.

As long as bitcoin still has a purpose, i dont think it will makes the wealthy richer. Its true that bitcoin can consider an investment but bitcoin live up until now because of it purpose that people mostly used until now, it doesnt distributes wealth but it makes its own wealth by gaining momentum in price hiking.  ;D ;D

I don’t really know what to say here, but I’m guessing it does both. But if you’re a poor guy that invests in Bitcoin and leave your money in it, believing that Bitcoin will one day become a currency, then you must be a fool. The rich guys takes this as an investment, and they invest to rip the poor guys off of what they have. So if you invest, try to withdraw your profits all the time, so you don’t encounter loss.

I think that bitcoin just give opportunities to all of the people who uses it. If you are rich and you invest or buy some bitcoins then you will be richer but if you are a poor person and you work hard in bitcoin and you put a lot of effort to earn bitcoin like doing some freelancing online then you will be able to become rich.

People who earns bitcoin with a purpose to just have financial freedom and have a job that can support their daily living. It change the life of people by having an income that is enough to spend even do not have yet investment. The reason why wealthy people become more richer is because they have money to invest and hold until it will worth a lot of profit. Bitcoin can distribute wealth to everyone if can use better strategies and avoid to spend but rather save it.

Maybe yes. Bitcoin usage can do re-distribute wealth to people in a way that it was giving opportunity to those peopl who persevere in working into Bitcoin cryptocurrency and giving them a chance to be rich or wealthy in simple way as possible. It can do also make those rich people into richer one due to the fact that even rich people still get to engage into Bitcoin cryptocurrency by making such investments to make their money grow into larger one which makes them to get into a richer one.

Definitely!Bitcoin has given us great opportunities to learn and earn big.It's in ourselves already how we will cope up with that opportunities.For poor individuals,if you know the strategies in bitcoin,for sure you will get rich with bitcoin in due time.But for those wealthy persons already,if they keep on buying and holding bitcoins,then they will really get wealthier with that.

In way, bitcoin is an innovation that can be directly used by everyday people. You don´t need huge amounts to invest, and it can give you a nice profit. The "problem" is that the wealthy are able to get even more profit as they can invest larger amounts, even without running a serious risk compared to their total worth.

May be it's sad to say but "The rich get richer and the poor get poorer" is just a law of nature: when you have money, you have also power, protection, an a lot of options.
If you don't have, in a lot of situation you are forced to do bad choices forced by needs.
So, with dollars or with bitcoin, the situation won't change.

There is hardly anything which can be added to this post. The wealthy not only have more resources at their disposal, they also have more time. This may sound a bit controversial but what I mean is that the wealthy investors can wait longer till their investments turn profitable or bring more profits once they are in the green zone. And as we have all witnessed, patience has been the key to profits and most rewarding virtue in the cryptoworld since the very beginning. The poor can't wait till the price rises enough because they simply won't let their profits grow high.

                  ''IF YOU BORN POOR IT'S NOT YOUR MISTAKE BUT IF YOU WANT REMAIN POOR ITS YOUR MISTAKE''
The wealth it self have ending but Bitcoin make it more strong and stable and make double.People in exceptional cases hold wealth for long time but in majority seen came on roads if they didn't planned and diversify it.People believe in luck and just wait for moment that they will be rich but actually It's a personality trait when you look at the more normal cases, additionally luck at the extreme cases.

It can be appreciated if we think how wealth is created rather than distribution then we will find the ways to secure our wealthy future in this current era the Bitcoin is hope for all which make you wealthy richer,if we take a look on past of Bitcoin it play a role of both redistribution  of wealth and generate the richest people as well.

There was some redistribution, clearly, from everyone else > early adopters.  It's long been noted that bitcoin will not make everyone rich, or make all the poor wealthy.  It honestly is unlikely to change too much regarding wealth inequality.  On one side, the avg investor that has gotten rich wasn't rich to begin with, but Bitcoin is also fantastic for evading taxes which will help the already rich.

Bitcoin as all the others altcoins makes the early adopters richer.
Only one coin is a rule changer, but I'm not going to advertise it directly.

Bitcoins redistribute the wealth among all the users and also it gives the poor opportunities to be richer. Bitcoins are easy to earned and just we need is some good knowledge and learning skills. I think, bitcoins are much profitable for the individuals with poor financial conditions and bitcoins can really make a individual earn a happy life by balancing his/her financial life.

Because they deserve that as they were coming to know about the opportunity and potential of those coins in its early stage itself. If knowledge is the wealth then it is a fair and correct to make early adopters rich.

The effect on redistribution of wealth thru bitcoin is only small effects on the current status of the poor people. The rule of economics of 80-20 rule will still apply to bitcoin for the reason of only wealthiest people can benefits the opportunity of buying the large chunk of bitcoin supply. Only on the perfect world will exist the equality of wealth of people.

I think it's both needless to say. Most of the one's that are acquiring so much wealth on bitcoins were the one's
that were able purchase, afford and invest much on btc on the first place. Bitcoins redistribution of wealth
happened a long time ago when it was cheaper, maybe it might have also done so recently but the rich are now
wealthier than they were.

Bitcoin is just a currency, so it can do nothing. Of course, it offer a way for poor people to earn something, with mining or trading, but nothing more.
I don't think bitcoin millionaires will share their wealth...

I believe that there is no poverty and wealth in business! It all depends on the person who figured out how to properly increase their capital. It's all about thinking.

World is unfair! There is no more equal distribution of wealth since before and bitcoin cannot solve that problem. We just need to accept that if you are poor then you will die poor! Unless you have the opportunity to become successful but most of the opportunities are risk taking. If you want to live, try to be wise!
Even bitcoin banks the unbanked. In the end, all riches will gain more profits and small investors will have a limited source of income.

No, if neither the communists or the religions were able to redistribute wealth, why would Bitcoin do this? There isn't equality in this world, because no one is equal to each other. Those who manage well their money and time will become richer, those wasting their money and time will continue poor... It's upon to each one of us to make the difference in our own life and to stop complaining how someone is richer than us.

Like any system, it only makes the rich even richer, sometimes it is played on the wait, in the long run, there is to see panic seller that enriches even more whales

All systems have different functionalities but something is certain ... The one who is rich will not stop being one. Now, those who do not have a great quality of life in excess, who are not rich, we can improve our quality of life through the inversones of bitcoin, there are many cases that have arisen through this system, they are stories of people who invested by chance in 2010/2011 and today remembering that investment they realize everything they have earned.

Well yoi do have a point because for always those who have money lots of it have power.  Although the bitcoin itself can be used by people in different walks of life.  It gives additional income, makes one's life comfortable and makes rich people even richer. 

For the time being the bottom of society is not so familiar with advanced technology. Even those who already have pasilitas technology can not use properly. But for the rich people who have adequate technological facilities and based on science. They use more of these technologies. That is, their participation in bitcoin makes the rich richer. And they not only distribute their wealth they are willing to bet in order to increase their wealth

The price recently has been falling, the ironic effect to this is to distribute bitcoin across those who will actually use it.    A proper economic system doesnt only go in one direction or it might only facilitate the rich.

So people might feel the lower price for bitcoin is not good but it also allows easier entry (greater supply) for those who wish to pick up business from those who only wanted to profit on price gains and not actual usage of bitcoin.

Speculation and asset flipping is for the rich to get richer; price up and down with supply and demand of real market is good for the less well off.  A sell off shakes off the dead wood or weak hands, tests strength I do hope its some positive and also Bitcoin keeps improving its usability

If we are talking about equality then mate you have to know the truth. Equality is ideal, meaning that the wealth will not be divided equally no matter the circumstances are. In a sense, it is the idea that should be comprehended but impossible to implement, more like it is unlikely cannot be patronized.

There will always be division among people.

For obvious reason, yes, rich people will be wealthier, why? Because they know how to manage their money, to carefully think about the strategy on how to make profits. But other people or ordinary people don't make choices the same way those people are. In fact, we don't need to equally distribute, all you have to do is to think on how to improve yourself in this platform.

I don´t think that inequality is bad, I think it is in fact good. No, I am talking about inequality in RESULTS, that is, you cannot pretend to have the same as other without doing more than others nor you can pretend to be born rich "by the grace of the gods" so that is fair.

Opportunities were not particularly equal with Bitcoin, as it arrived earlier to some countries and population groups, but I do think that most people had a fair chance to get into the train if they had wanted.

One thing that cryptocurrencies have done is give the average person a chance to get in on something at the beginning that has potential to make us wealthy. We don’t have to rely on stock brokers or Wall Street investments where they have the inside information that the average person doesn’t have. Cryptocurrencies gave us a head start over the banks this time.

I'm not sure. It certainly has helped a lot of people. But people with a lot of money, entities with a lot of money can manipulate markets to their liking. They can pump it up, get the average folks involved, after they buying cheap, and then sell it to them at a premium. Rich people, the ones with no conscious, with more power that the average rich person will take advantage.

Very well said! Bitoin is not limited to rich and wealthy people alone but is very open to all people who are driven to become one of the rich. Cryptocurrency is giving opportunity to all people equally that is does consider any level of social status to become a trader. That is why there are some topics here in our forum that discusses how the possibility of poor becoming rich because of biotin.

If your wealthy enough and join bitcoin through trading and your lucky at that time that you made your money double yes its.makes you more wealthier one thing more we say that it redistribute wealth but we can get this by working on their thread and by joining their signature campaigns and that were rewarded by tokens and can be converted to cast

For me yes. It will make the wealthy richer. Maybe because what I see is they see the potential and they will earn more as they redistribute.

Very few of the early adopters became rich as a result of Bitcoin. Many of them had their coins stolen, and most of the rest dumped their coins in 2014 and 2015, when the prices were low. It is the wealthy who invested big amounts in to BTC and reaped the rewards from its rise.

No, if neither the communists or the religions were able to redistribute wealth, why would Bitcoin do this? There isn't equality in this world, because no one is equal to each other. Those who manage well their money and time will become richer, those wasting their money and time will continue poor... It's upon to each one of us to make the difference in our own life and to stop complaining how someone is richer than us.

Bitcoin cant be blame if everyone who are already rich gets richer and some people lives in the same way.The person is the one who creates his or her future.They are the one who are going to decide what kind of life and what decisions they are going to make.Like in selling bitcoins, if they seen its price good then they are going to sell it but if they have doubt then they will not.Wise decisioning is what needed.

I agree with this. It doesn't matter if you are rich or poor, if you want to become wealthier then it is depending in how you are going to manage and spend your time and money in such a good way because that is how the people get some improvements for themselves because they know how to treasure and use their time and energy in such an efficient way.

Both!  Bitcoin makes the rich more richer and its also redistributes wealth. Bitcoin distributes their wealth to those investors,  traders and bitcoiners who work for them and trust them.  So,  if you get bitcoin you must be wise and know when to invest, sell and hold. Know also the pump and dump of all cryptocurrencies.

Bitcoin is certainly not limited to rich people but we should get real here. Those who have deeper pockets will earn a lot more than the competition, all other things being the same. If you take two men, one with a thousand dollars, the other with a million, and assume that they multiply their capital 2 times, the first will have 2 thousand dollars while the other 2 million dollars. See the difference? Even if Bitcoin provides equal opportunities to everyone, this is not enough. There should also be equal starting conditions.

Agree with you! Rich people do have more opportunities to become richer because they all have the resources for them to go into investing and trading. Bitcoin also give a chance to redistribute wealth to other user through working hard and the determination to learn everything and earn from it. It's always up to the people if they want to reach their goals in life, we are always the one who will work for what we have in life in the future. We all know that bitcoin is not just open to rich people but its open to all so if we want to be rich we have to work hard and make some techniques how to earn and become profitable.

For me bitcoin gives everyone the opportunity to become wealthy and to grow rich the way of investing in bitcoin and the poor ones are also going to success to become wealthy or maybe a millionaire in it having stockpiling on bitcoin from the previous year we have heard a news about a bitcoin where people have become millionaire because bitcoin keep on doing the best yo preserve and strive to achieved success and be will rich because of the bitcoin help us.

Everything depends on your strategy, if you are getting affected with the current downtrend of btc price and panic selling causing losses, those who are wealthy are just buying more and more btc at a lower price, most of them aiming for long term (1-2 years hodl). Probably, those who are selling off today are those who have bought large chunks of btc last year when the price was just $1k. The best strategy right now is to grab the opportunity to buy at a lower price/during dips and set your target for a couple of months/years before taking profit.

Such a thing was not part of the plan of satoshi, we would like a better world for everyone but bitcoin is a technology that in order to understand you need to have some knowledge about how the current system works, why it is bad and how bitcoin corrects that, so those that are invested in bitcoin are not average at all, also bitcoin is not a safe investment it is volatile and only those that have some money are able to take the risk of holding bitcoin.

i think no, as far as this system is concern, there is no such thing as redistribution, we are the one who makes us what we are in investments, we all know that bitcoin price is volatile, it is predicted based on the current market price and the total bitcoin in the market. buying and selling by individuals is what really affects the current price.

I don't think it's a redistribution of wealth, it should be that the rich are richer.

Firstly, the knowledge level of the rich is relatively high, and it is easy to contact the BTC earlier.

In the early stage investment BTC basically make money.

Now BTC is down and a lot of people are losing money!

No second opinion lies to the concept that there will always be people who will be wealthier and there will be people that will have comparatively less wealth.

The idea of the distribution of wealth all across the globe will be much difficult to handle, however bitcoin has been benefiting every class of people as far as one has a keen and thinking mind, he can get benefit from it. One does not has to already wealthy to use bitcoin to its fullest.

Bitcoin did not done any re-distribution and it is not just limited only to the, its just that there are opportunities for those who are rich already since they can purchase right away and keep holding on. We must not blame everything that happens to us, especially when in its bad, to the rich person because from the first place they could not achieve those if they didn't work hard for that.

but you didnt mentioned about the signature campaigns that requires no level of society?if you are literate enough to use gadgets and speaks english i guess its a start of gaining bitcoin.what about the lowest society but has an english native tongue?do they need to offer computer service while theyre only capital is their language to earn..but still i dont believe that there are redistribution of wealth here,its depend on every individual how they will progress here

Yes bitcoin allow the redistribution of wealth in the society but not to all level of the society, because before you can earn bitcoin you will have to be educated and know how the 21st century technology in bitcoin works in order to fit your self in to providing service that is needed to the bitcoin community and get paid in bitcoin but not all the members of the society.

Bitcoin is the reason for these people who are smiling now and enjoying a satisfied life. The thing is that crypto currencies especially bitcoin has changed the lives of people in very good way.

This crypto currency i.e. bitcoin has become the mainstream investment at present and it has clearly beaten real estate and gold badly. These two traditional methods have very low rate of profit and they cannot make your rich.

I think that cryptocurrency and bitcoin are able to redirect the problem of wealth into other people as well. It does not only gove more income to the rich but also gives opportunity to other clesses of society to be in charge of their own financial flexibility and spending by giving them the resources to do what they like. It giives them a chance to make themselves richer and try to be in the uooer class

If we look at it on a larger scale, those rich whales who have voluminous amount of bitcoin have become more rich even if a small rise of bitcoin's price. Yes we know that bitcoin is indeed the biggest wealth distribution of this time but i think those who are just small investors could hardly feel about wealth distribution by bitcoin taken place.

I think, both. It redistribute wealth to those person who had engaged themselves here starting with nothing, and got to gain everything, then it make wealthy richer, since they already had a background in invesment and handling money for long term matters.

The Bitcoin (labeled by many as smoke and bubble) today, despite not having established itself as currency, has left in its path new rich. Yes, people who either bet as we have said or even some who just out of curiosity and when the currency was practically worthless loaded their wallet and today they find that they have $ 1,000,000. Today Bitcoin sounds in the media and while it is still not used massively it is no longer smoke or speculation, and if it were and tomorrow is worth $ 1, it has already left many people with thousands of dollars in their wallets. In fact, I could say that I know several kids who bought themselves "just in case" a good gamer machine and, in passing, they mined that today they have the necessary coins to buy a high-end car. Bitcoin is perhaps the biggest revolution the Internet brought after the Internet itself. It may not be the winner (even if you have all the ballots seriously) but you do have most of the characteristics that a decentralized currency should have.

I think bitcoin does richer than clever people, it is possible to carry a part of the rich and a part of poor people to them.

Ofcourse bitcoin works it redistributes wealth to those who are wealtier but for the one richer to be wealthy needs extraordinary skill, smart steps with some more passion. Over all bitcoin uplift to both segments as well as to common man and to the wealthier, richer.

Bitcoin is not a means of redistributing wealth. It is a currency and an investment asset. The Cryptocurrency allows as well as rich to become even richer, and not to the rich people to earn money

No, I think that is only making everyone richer. It is not the concept of whether it is helping someone from scratch or someone wealthy is using it for their own concerns. No this is not like it. Bitcoins are there for everyone. Every wealthy man is using for his earning, and every poor man is working on them to get a better income from bitcoins. So this is all about the hard work, chances are same.

But most of them are rich because of bitcoin and bitcoin is allowing them to have more income per day, a lot of investors are investing in bitcoin but for better result we will have to wait for the long time. Bitcoin is being use by a lot of people for different purposes as some of them are using bitcoin as a job and some of them are using bitcoin to get daily needs, some are using bitcoin to store the high income and capital as a saving so bitcoin can be used by many people for different reasons.

But even if it is a currency, which it is not, and an investment, or rather a speculative asset, this is how it works in practice. Bitcoin is a zero-sum game as far as wealth is concerned, so it is a means for redistributing wealth by its very definition. You can gain wealth through it only by taking it from someone else, there is no third option. You win, someone loses, here's the epitome of wealth redistribution.

Not quite, because the rich can purchase more Bitcoins than the poor. They can buy more mining power, and so on.

My opinion, i think both and both. The rich take advantage of the opportunity to buy with their wealth and the poor can have the opportunity to not invest but could participate in bounty campaigns and be paid in bitcoins or altcoins which later they can trade for bitcoin. I am a witness of some poor people who had starting from zero in bitcoin but now  are multi-millionares.

Well as what i can observe, it pretty sure distributes wealth among other people. Just like my normal students, my friends and other co-workers they really benefit from it. They are not that rich but they are completely changed in terms of financial status.

I’m not going to say that Bitcoin does either of those mentioned by the op, I will just put it somewhere in-between that. It doesn’t distribute wealth, I believe it has to do with luck, so if you’re lucky, you make money more money than the other people. It doesn’t work in favor of anyone; doesn’t work in favor of rich guys, neither does it for the poor ones.

I do not think there is a solid answer here.
This question demands the worst answer - "Depends"

It really depends how you are  looking at the situation.

Making the wealthy richer This is true at two levels.
 - People who can afford to build huge machines to mine coins, will be rewarded with more coins.
 - People who can afford to buy more, get more rewards (if the price goes up). This is true for investments in general.

Redistribution of wealth
 - Bitcoin allows people in countries under an oppressive government to keep their wealth safe. This is redistribution in the sense that it is not controlled by the government
 - Bitcoin now allows easy flow of transactions across borders. Now, i can do some freelancing as a developer for a client on the other side of the globe without losing half the earnings in wire transfers
 - People can invest in Bitcoin even if they are not accredited investors. This allows a person with modest investments to take part in what would be otherwise considered a risky investment.

No, rich man can easily invest and they can buy any coin as they want so they have more opportunity of getting more profit, unlike us that we spend more time and effort for the bounty campaign and rely only of what the managers can give, but in the long run i still believe that rich man and ordinary crypto worker can still have the same amount of profit to get and the advantage of the wealthy man is only they don't spent more effort to have more profit.

For me it's not a total redistribution of wealth, I think the better term is Bitcoin is giving people an equal opportunity to earn and have a better financial status in life. It is definitely not for all, it requires knowledge, skills, patience and hardwork so it is still depends on the person and how much he wants to have financial freedom.

Bitcoin is not some sort of communist coin to distribute the wealth, if you want bitcoin work for it, bitcoin in fact goes against that once you have a bitcoin unless you lose it by mistake no one can take that bitcoin away from you, if anything bitcoin is build against that idea, there are always going to be people with more wealth and as long as they obtained that wealth legally then they have all the right to preserve that wealth to themselves and their loved ones.

Bitcoin doesn't redistribute wealth nor making the wealthy richer. Bitcoin needs to be worked for so that you can have it. Bitcoin can provide you wealth even if you are poorest person in the world if you have the hardwork. Bitcoin also gives us the opportunity to have wealth, chance for investments and to acquire assets.

Neither this nor that. Bitcoin makes anyone who investes in it and who is smart enough to know how and when to
invest wealthy. So it maybe redistributes wealth but also people who have more money will simply make more money.

I'd like to add that the wealthy can withstand lower/stronger price crashes. In fact, they can completely discard these crashes as non-events since their total wealth doesn't depend so much on their investments in Bitcoin and other cryptocurrencies. As a matter of fact, they have a multitude of other investments like bonds, stocks, precious metals, real estate, etc. On the flip side, the poor or less wealthy ones are more prone to panic sells and closing their positions at price dips because their lives and well-being basically depend on their crypto investments.

You definitely have a point those wealthy people had more chances to buy more stocks and invest more and have bigger returns unlike to those people who have less they're the one's prone for panic selling, but sometimes situitions matters most and it depends on the status of their crypto investment.

There is no reason that it would redistribute wealth, really. Even if price increases, it increases the same for everyone, so it changes nothing. Rich people may however be more prone to invest, but I am not sure rich kids are really more in the game than College professors.

Nor Bitcoin redistributes wealth, neither Bitcoin makes the wealthy richer. Bitcoin is not a subject, it is an object, it does no actions. Speculations make the wealthy richer and the ecosystem of Bitcoin allows new people to become wealthy, so a bit of wealth gets actually redistributed.

For me it redistributes to the one that has knowledge on how to use and earn bitcoin.The wealthy will become more wealthy if a person knows about cryptocurrency while those who have less wealth can be richer when they adopt bitcoin in their lives.There were testimonies in this forum that at a young age they were already a millionaire and bitcoin was the reason behind that wealth.

 Well the bitcoin is for all of us who really believe and trust on it that is why I believe that bitcoin is not only for the wealthy person to become more wealthy because we can really gain a huge amount of profit on bitcoin if we work on it seriously I believe that bitcoin is pair and we can really experience gaining on it that is why I believe that bitcoin is really helpful not only on one person but also for all of us who really believe on it.

It really depends upon the mindset of a person. If you have some efforts and guts to take the risk, then you can gain more profits especially when the value gets higher and higher. But if you were lazy and no effort to do that then you can't achieve whatever your goals and unfortunately, you will miss the big opportunity to achieve the success.  In fact, that is the common needs on how to become wealthy on this crypto world even if you were not graduated on a higher education as long as you have the knowledge and the strategy on how to achieve success in this kind of an investment. Thats the most important thing on how to ride the wave in the world of crypto. Like what others says learn to earn then soon you will be rich and many people now, has already achieve that.

I think both. Rich people uses their money to invest in bitcoin and other cryptocurrencies to become wealthier. That is why they make business in the crypto world and giving opportunities to the others by making bounty campaigns, airdrops and such. Rich people make business and distributes their wealth at the same time by receiving a service in return.

Yeah you are right mate all wealth of this world is need to be worked with because to acquire it is not a blink of an eye .but the difficult things only few are given an opportunities to work or given an access to the right tract to becoming finacially independent because only few know how to do it .we thank to Blockchain technology for giving opportunities’ to any one to participate and somehow earn a fortune  Bitcoin is the way I think that any one had an equal opportunities .

Well we can say that its like hitting 2 birds with one stone. bitcoin helps the both help the people get money even the rich and also the jobless people. they have benefits on their own. and actually the most important this is not to make wealth the bitcoin itself giving us less hassle on how they use on how we buy other things in online while resting and paying bills and others things that give us more time to spend to other things.

The clear idea behind this one is “the one who got money, can put more money and can earn back more money”. So yeah that’s what happening and I’m pretty sure the wealthier people are getting more wealth redistribution into their own community as compared to the poorer one. The poor people don’t need have that much power to enter into bitcoin market and they can’t push it hard

Both the effects are in play. BTC whales get richer and a lot of people which had no money could now improve their economic situation thank to BTC.

Absolutely correct. Redistribution of wealth is only for those ponzi schemes and bitcoin is not one of that. People with interest in technology has the highest percentage to earn bitcoin because they totally understand what is happening beyond the actual life and that is in the digital world.

Bitcoin can not elther redistrutes wealth or make wealthy richer, but  make the one who can take risk to invest on bitcoin richer,if you know when to invest on bitcoin and when to sell off your bitcoin, to make high return of investment.  

I think bitcoin redistribute  wealth because we are earning a lot  of money on it,  and also makes the wealthy richer because they have a lo of money to invest the more you invest the more in return.

It’s kind of like having luck and not having luck. It favors both the poor guys and the rich guys, depending on when you invested. But the rich guys seems to be more lucky than the poor guys, cause they will have money to invest at any time and push the price up (if they invest something big) and by the time the poor gets money to invest, it will be late for them, unless they have gotten themselves prepared already. But it’s all about luck and doesn’t have to do with being rich and being poor. Bitcoin favors everyone.

The wealthy will always have the financial edge over those who don't, that goes without saying. However, I wouldn't say that BTC has the ability to get from these wealthy people then spreads the love to those who aren't that wealthy. What I think that's going on here is BTC actually gives those who want to earn more or extra the opportunity to do so. This most especially applies to those who has enough tech know-how and an internet connection. This works for them as well because they wouldn't need to invest that much. Some offer their services for signature campaigns or simple advertising and that won't cost them much except for time and effort. Will the wealthy be wealthier because of BTC, most likely since they would have the resources to invest. . .buy and sell. . .but that doesn't mean the rest of us will be left in the dust.

This is one of the nice things about bitcoin, not only it has helped us to be our banks this has brought as a consequence that a number of investment opportunities be available to us and to no one else, it is very rare that you can buy an altcoin with fiat, in most exchanges you need to buy bitcoin or Ethereum first, so for the first time in a long time the small investor can compete on equal grounds against big players.

Having more money gives you security but at the end money should not be the main factor that determines whether to keep invested in crypto, the main difference between the holders and those that panic sell is their knowledge about bitcoin and their future vision about what bitcoin will become, those that panic only wanted to make some money while those which hold for the long term not only want that, they see bitcoin as a technology which will change the world.

  The effect is one, you get good dividends for your work. The main thing is to do the work very diligently and not be lazy and then your prosperity will reach the level that you want.

Bitcoin distributes wealth to all people who accepts bitcoin. Even the wealthy people make them richer. Bitcoin belongs to anybody who embrace it.Many people are interested at bitcoin now because anybody is allowed to work in bitcoin as long as you know the rules and regulations in this site. Everyone will have a chance to be the beneficiary of bitcoin. That all benefits of bitcoin will grant to every bitcoin holders.

We generally think it's totally fair but it's kinda making rich even richer. I don't think there is a fairness in between the bitcoin users and traders in a mass scale. There are still lots of poor people.

I would like to be more socially conscious, but to be honest, I only care if Bitcoin can redistribute the money from other to myself, and I think that is the main concern of all around here.

Yes bitcoin redistribute wealth and at the same time makes the rich richer because it helps the people who join their signature campaigns earn tokens to be sold and the rich can invest and that they can get also more profit.

in my personal opinion bitcoin made me become rich from the beginning did not have the money and economic conditions very difficult with bitcoin finance that I have the condition is getting better.

Nope, bitcoin did not redistribute the wealth for all people. In a capitalist country though there is a circulation of bitcoin, the rich people only benefited by the goodness of bitcoin and poor people suffering from poverty. Bitcoin cannot solve the poverty all over the world but it can be lessen the number of people who are suffering from fatality. Bitcoin will help any people to become successful and to survive from poverty.

The real way to make big profit is to invest money that you don't need, so you can wait the best moment to sell or to buy.
When you need money, you often are forced to do bad choices.
So, of course wealthy people will become richer, because they have much more option than us, and the can afford without problem losees that would destroy the life of normal people.

Yes bitcoin distributes wealth. It doesn't mean that only rich people will entertained, it is welcome to everybody who is willing to join and get extra income.Bitcoin gives high profit to those who do their job well.

in that case,we know that bitcoin is really a very big help for the poor like us,not only for the wealthy people.we are only beginners and i know that bitcoin will help us to be a richer than the richest in this world.we know that the richer in bitcoin will understand what the member needs.so that's it.

as at this time bitcoin is easy to buy for everyone and according to present it distributes money among everyone who takes the chance but after three to four years as by the speculation bitcoin will be for the wealthy people because prices will be very high and people will not be able to afford it easily.

Those who have money to invest benefit more compared to small investors. Though it is not controlled by anyone, the more money they have to invest the more benefits they get.

It just makes the wealthy richer because it demands capital. Cryptocurrencies start with your own money that you are willing to gamble. Poor people don't have that luxury of investing as they prioritize providing for their families first.

The wealth redistribution of bitcoin is much better than wealth distribution of stock market because it gives an opportunity to an average guy and techie guy to participate in bitcoin market activities where fund requirement is not that high compare to stock market but it still not fairly redistributed to a low income earner individual.

Bitcoin is just as money: wealthy people in dollars usually don't redistribute their money with poor people, so there is no reason because millionaires in bitcoin would share them with other.
Money is just a measure of social differences, it doesn't matter what currency we use.

I believe that everything is really depend on the our hard work. Maybe the rich is really getting more richer because they have more confidence and they are not afraid to loose a capital because they have many more savings to be invested for gaining process. That is why I believe that if we work hard and make some new actions without fear we can really gain on crypto feild.

Bitcoin is something which is equally beneficial for all the levels of the society. It is also helping those people who don’t have enough money to invest in bitcoin and is helping them in making money.

There are people who are participating in different sort of campaigns and are making out some good amount of money without investing. The ones who are investing their money are no doubt making out more money but still everyone is making something good out of bitcoin.

If you’re familiar with the Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) "80% of bitcoin wealth will come from 20% of crypto starter”.

There will never a re-distribution effect that’s because it is a law in economics. It hard to accept but we have to accept this bitter fact. The remaining 20% of bitcoin wealth will be redistributed to other crypto investors which are composing of 80% of the population.

Bitcoin is a so fantastic novelty that people think it can do anything!
There is no relationship between bitcoin and wealth, even if some people became wealth thank to bitcoin.
Bitcoin is just a currency and a method of payment, that's all.

True, actually I think a lot of middle-class to lower-class people felt the most benefits of bitcoins. Investing to bitcoin is accedsible enough to almost everyone which is why it has become really popular.

The distribution of wealth will depends on those hardworking poor people against those wealthy businessman. Those wealthy are can afford to invest huge amount of money will more richer with millions/billions of profits while those poor whose doing hard work in making his task in his bounty are getting small amount to support his financial needs. Indeed, it's life at least we have enough for our financial needs rather than nothing at all. Thanks to bitcoin life makes it easier now.

Bitcoin won't redistribute anything: if anyone on the planet changed his fiat money in bitcoin the situation would be exactly the same.
The only thing that bitcoin can do is to offer an interesting opportunity to some people that are willing to invest. Nothing more.

Bitcoin never does redistribution. It continuously uprises the financial conditions of rich to make them even richer

You have a point in saying making wealthy richer because they can able and easily do mining, investing, trading and gambling. But it's depends on the person on what the status of their life in accessing bitcoin. 

On my own opinion its not a problem if  rich became more wealthy.If one person is interested in bitcoin and he work hard for it so no question if he is realy deserved his reward even if he is rich already.If rich people will make effort to gain in bitcoin it there right.And about the redistribute wealth if middle class are not working and rich people do you think it fair to give rewards in middle class just because they need it more than rich one,So I can this what you work hard eventualy you will gain at end whatever your life status.

In this game of bitcoin called bitcoin market there are poor who got rich and there are rich who got more riches. On the other side of the picture there are poor who becomes poorer and rich who got bankrupt. The winner of this game are the one who ends up getting more profit thus we can say that bitcoin can redistribute wealth but we cannot still deny the fact that those who have resources have  an advantage to this game.

Bitcoin redistribute wealth because everybody has a chance to be rich. If you are interested you will find out how to be rich in bitcoin. Many are rich now created by bitcoin in our place. Bitcoin is real, you can have your own remedy to be rich.

To be able to access bitcoin for me the most important thing is the understanding that must be had especially in terms of understanding the internet technology because for now internet technology is part of the life of all humans in this world. and I'm sure internet access has now penetrated the world so I think everyone will be able to access bitcoin for individual economic growth and most important is whether they want to learn internet technology.

... Exactly, If wealthy people will invest a large amount it's a great possibility would be the more incomes returns, because rich people do gain more wealth.  Actually, bitcoin is not a redistributing wealth, it's a helpful asset to everyone who have knowledge about computer industry. We can invest in any amount that may able to afford.

It has no relation with redistribution as the cryptoz has no connection with the acccess of OBC peoples and illiterate classes

The only thing bitcoins can do well is to help people to get entrapped into financial complexity -_-

We all know that bitcoin is open to all people who want to engage with it, but for me it does not redistributes wealth because not all people are given a chance to access bitcoin specially to those who are in the poverty line. Need to understand technology because nowadays more transactions are already using internet and hi-technology gadgets. We all know that those who can invest more have greater chances of earning big also and this chances are usually favor to those who are wealthy and those who have plenty of resources.

if bitcoin awareness and education be spread totally right and in enormous efforts then it might have helped in redistribution

A bucket of Govt policies and numerous charity authorities cant make such project a succes so how can just bitcoins itself make it happen?

For those people who still believes on cryptocurrency right now and investing a huge amount while the market prices are dumping then we can say that there will be new wealthy gentleman before the year ends.

Whatever your status in life bitcoin is open for everyone,its fair to all who interested and willing to take the risk in crypto, the thing is those wealthy people  can easily invest and trade bec.they have enough capital ,big capital big profit that makes them more richer and the other side to those who cant afford to invest there are many opportunities for you to earn which is profitable also and to think bitcoin gives wealth equally.

Well for me I think in this kind of business of course the rich will be more richer because they invest more. Important is we can also earn that's just continue doing  bounty campaign or trading. Because in bitcoin there is always chance that everyone can earn.

I think with the bitcoin all can be rich it all depends on how you play trading, when you can and have the expertise of trading and can make you always get profit then you also can become rich from bitcoin, essentially you have to be patient and not easy panic.

Honestly it's more like the economic system. Crypto currency does empower people but then again it empowers the rich more since the rich have more resources at their disposal. That is what capitalism does and that is what happens to us. Yes crypto currency does give wealth to us the ordinary people, but it gives more to the rich.

Yes you are right, it does not really matter how much coins you are holding today because you can be losing a huge amount of profit if you are not good in trading so it will be always depending on how good your analytical skills in terms of trading in the market.

In bitcoin there is an equal opportunity to make bitcoin especially in mining if you have a good hardwares for mining then you're lucky enough o receive such bitcoin in exchange for power and computing to answer your question for me its yes bitcoin redistributes wealth in many ways. 

Bitcoin is bitcoin as it is, it depends on us if how we will use bitcoin for us to be rich or wealthy. It depends on our knowledge and understanding to bitcoin on how we will use bitcoin as our main sources of income to become rich, but I think many of us have become a better life than before because of bitcoin. I cannot say rich, but a better individual and a person to have a better life and have a better income for your family.

I believe that bitcoin distribute wealth not just for the rich but for also the poor, because we have this kind of forum that can possibly earn bitcoin even if you dont have capital or you dont have money to invest. We just need to be patience because its not easy to earn money here, we need to wait sometimes for a long time for our reward but its worth it.

Bitcoin is dustributing the wealth to the people but not that much compare to those who are wealthy already and those who are influencial one.

The early investment BTC essentially ransacked the later investment BTC and redistributed the wealth!
The concentration of wealth in traditional currencies among a few early bitcoin investors has substantially widened the wealth gap.

Another way to make rich people richer by cryptocurrencies becomes richer.
You have enough money to buy a certain amount of encrypted currency, or you can buy enough mining equipment, otherwise you will not be able to make a fortune in Ethereum or Bitcoin.

As for me it is both. Bitcoin redistributes wealth and makes rich richer. It is by merely plamning a best strategy on how you must act or the actions you need to do to your bitcoin's possession. I have seen the other become financially stable because of bitcoin and I am sure the riches makes more wealth also because of it.

If your wealthy enough and join bitcoin through trading and your lucky at that time that you made your money double yes its.makes you more wealthier one thing more we say that it redistribute wealth but we can get this by working on their thread and by joining their signature campaigns and that were rewarded by tokens and can be converted to cast

The major ideology behind bitcoin was redistribution of wealth, POOR means (passing over opportunity repeatedly). Satoshi Nakamoto have done his or her part, it is now the duty of the poor to seize this opportunity and become rich. If you are in this forum you will see that you can become rich through bitcoin without having any capital provided you are determine to work.

Actually as i can see it bitcoin opens the opportunity to become rich. While on the other hand  It is also a common scenario that the wealthy will become richer because they have the resources to risk a higher investments. Therefore i conclude that it redistributes wealth.

Then tell me how can you trade and profit in this kind of market?its easy for you to say things because the truth is you dont know anything about this,and all you have said is just caming from the idea of other members and not caming from your own.be truthful and dont copy what others says ,in this market the best way is to hold and forget about trading

If you look from the point of view that those who bought a lot of bitcoins at a very low price in the first years of its existence, that is, throughout 2010 - 2014 and now have become millionaires, it can be said that bitcoin redistributes wealth. And such a redistribution does not affect what kind of estate people belong to - the poor or the rich. Although it can not be denied that
  rich people have the advantage in that they have more opportunities to buy large batches of bitcoins.

If you are talking about redistribution of wealth with bitcoin for all individuals or for all richer already is quite different. For those who are want to become rich in bitcoin they are doing all things to get it, all if then took a lot of times and spent more money to make their lives successful. So we can't considered that it was a manipulating system in crypto world because the all of as a different times and luck it depends on us if how we use this.

I wish there was some statistics on this. But in the last year it made a lot of holders a lot of money, by selling to a lot of new people who lost a lot of money.

The people who bought Bitcoin in the early years made a lot of money. First come first served. This is so normal, because those people have made investments by taking risks and in this sense they deserve the money.

I believe yes because it has a big impact in the growth of cryptocurrency. Through big investors , there would be a bigger impact in the price of bitcoin. Being rich is an advantage because through their bigger investment, they could gain a bigger profit as well.

I think bitcoin will continue to experience a rapid development in the next few years so the opportunity for someone to invest is still wide open and to become a rich person can happen when they can take advantage of opportunities well in obtaining an income.

I think, thanks to bitcoin, those people who are smart and prudent are getting richer.

Well I think that bitcoin redistributes wealth because just like me,I am not wealthy but because of bitcoin I can be able to support my daily needs and have enough money for my future.I am so thankful that bitcoin came into my life because it really helps me financially.

Nothing can have an even distribution of wealth at any time.
It’s just the advent of the era of cryptocurrency, which gives social wealth a chance to redistribute. When this opportunity comes, if you seize it, you will realize the freedom of wealth. If you look at it, it is only a base at any time.

Many rich people earned on the growth of bitcoin and became even richer.

Bitcoin is still a Mystery, Bitcoin can make the poor become rich, also Can make the rich become poor. Bitcoin can also make rich people become richer when they enter bitcoin, but it can also make poor people even poorer because of losses continue to trade. but actually, in outline, Bitcoin is able to provide wealth to every perpetrator of Bitcoin.

I think there is. It is true that the rich people becomes richer. But the poor people becomes rich also. And its all because of bitcoin. So it redistribute wealth to poor people also.

crypto of course has such a potential. while the market is still young. However, even now there has been a significant redistribution of funds in the digital world. imagine what proportion will be able to take crypto in 5-10 years.

in fact it is difficult to talk about the impact of bitcoin on the world. while all this is more a matter of the potential of the entire crypto sphere than one specific currency.

Since bitcoin is a new currency and a new technology it is obvious there is a change in the way wealth is distributed, to give you an example satoshi created something that at the beginning had no value and now he is a billionaire and if things keep going in this direction he will be the richest man alive in a decade, so there is a redistribution but based on merits on how much you did for the network and when, that is why the early adopters got the best rewards.

I think it redistributes wealth

The fact is that every person has his own concept of wealth. Someone needs a few thousand dollars so that he can feel rich and someone and millions will not be enough.

Both can happen, but I think bitcoin makes more people rich than redistributed wealth. Because someone who invests in bitcoin is minimal since 2012 and he holds it until December 2017 then, of course the person becomes rich suddenly because the small price becomes larger up to 10x of the purchase price.

Those people who are well versed in computers and technologies they, of course, have more chances to become rich with the help of bitcoin than those who don't know much about it. It's clear that any person can be taught anything but he is unlikely to become rich for a short time. But he can provide for himself and his family. Many unemployed people found a job in crypto and in this way they have already ceased to be poor. So maybe bitcoin doesn't redistribute wealth but it can make life easier for people.

Rich people can always take advantage of a certain opportunity and bitcoin is part of it. They can use their money, hire someone to invest, trade for them or whatever activity in order to further their wealth through bitcoin. At the same time, bitcoin is open to everyone. This opportunity doesn't limit anyone to take it. Regardless who you are, as long as you can manage the work and have the patience to do it, then you are welcome. That's an equal opportunity.

Bitcoin has definitely contributed to the wealth redistribution. Most of people who invested in bitcoin at early stages were it-enthusiasts and libertarians that means that a lot of bitcoin is concentrated in hands of those who hold bitcoin ideologically. The majority of those enthusiasts weren't rich befor that.

I think it's more loke making the rich richer and givin the chance for the poor to be rich. That is the way of capitalism. It pays you for the work you do and ignores you if you're lazy. I think it's more like playing with your strengths. If you're born rich then it's not your fault, same if you're born poor. crypto currency creates wealth with how much you work or bet.

 I would say that 70% of cases it makes the rich people even more welfare, but also 30% off regular non wealthy people, has an opportunity to became more financially successful.

There are various interesting cases when a person becomes rich with cryptocurrency. But speaking in general terms, I tend to believe that bitcoin makes the rich even richer and does not redistribute money.

Bitcoin is open to all, as long as you know what is your doing then you are welcome in crypto world, but it's not always to be rich because sometimes you will experience to lose your money especially when the market are down .

We have our own definition of wealth. It really depends on the contentment of what we have. However, those people who are techy enough in handling gadgets like phones and computers are more prone to the success of this kind of investment. Regardless if they're poor, who knows bitcoin is the way to reach the top. 

I think for something to redistribute the wealth it has to be a system that benefits those it's meant to affect. Say the poor. Bitcoin is more or less equal opportunity. A choice, one can choose to invest if poor, and have made millions if it was done years ago, or one could be super rich and not invest and have gotten nothing from it.

I share the same situation in my life. In one moment in the past, I have in invest in Bitcoin. And now if the price even is low, I can benefit from it.

Fiat distribution is so bad and unfair, bitcoin and crypto could only do better than that and improve wealth distribution.

The original idea of bitcoin is to create a decentralized system that is not controlled by the few rich individuals and share the wealth among persons.I believe bitcoin will help reduce the gap between the rich and the poor, it has the potential to liberate many from the clutches of poverty

No doubt that rich people are making more money from bitcoin investment, because they have big money and they can buy huge quantity of bitcoin and thus they can effects the market as well, but it is also a fact that average people can also invest in bitcoin and can make money from it.Courage and strong determination required for bitcoin investment.

You cannot generalize on this. Some people clearly have become rich by the way of Bitcoin, while some rich people (like the  Winklevoss twins) have become richer. Generally speaking, Bitcoin is a true opportunity of becoming wealthy, for those who want to catch it.

I agree. I think it is an opportunity and not truly means to redistribute funds. I tend to think that the wealthy will get richer as the effect of Bitcoin plus some minority of lucky winners will enter the rich world, while for the masses nothing really changes.

Was asking myself this same question some days back. We have early adopters who actually bought bitcoin using fiat, or acquired it via mining. Those who bought obviously contributed to the mass adoption and rapid popularity of bitcoin back in the starter days. Now, with more people either buying through other altcoins or directly using fiat, the crypto economy is swirling and increasing the spiral effect involving more key traditional investors.

As described by @Hydrogen earlier in the thread

Bitcoin has truly changed the economic scape of the internet and has empowered many (developers, ingenious thinkers, investors, VCs, media influencers, bounty hunters)... so in some way, it has indirectly redistributed wealth.

However, 'Wealth' in a manner of speaking isn't some billion dollars that were initially invested into bitcoin, but the tons of coins that were mined in the early days and the gradual but steady increase in adoption over time - that, changed what seemed to be a discord between the 'rich' and the 'poor'.

I think bitcoin does not redistribute the wealth because in investment in many business sectors in the world , those who invest with big capitals is likely to have a bigger gains or interests, so to the investors of little amount then it looks like to have also a little amount , so in bitcoin it will not be evenly distribute to all members.

For me, There is a redistribution because I saw many people who are hopeless and have minimum source of income and now they are millionares due to cryptocurrencies. And I am one of them. not that I'm a millionaire of course it's a secret but I came from a poverty and a family with small source of income. and now, Im working passionately to an ice cream company and I now have my own business which is having a real estate and house rentals.

dont think so , bitcoin give opportunity to their holders , so the poor can be wealth and the waelth can be more richer bitcoin not fit paired with "redistributes wealth" IMO.

 I was thinking about that, but as far as I can see even more people from India or some other countries of the third world can have some financial success just working from here.

Bitcoin not only brings more income to the rich, but also gives other societies the opportunity to make themselves richer. Everything depends on you!

At the moment, sadly, it is making the rich, richer. This is not the fault of bitcoin however.

I agree with you. In my own opinion, I would say that the percentage of having a lot of profit goes to people who are rich already. They have the advantage, because they can start with a huge capital which leads to the conclusion of huge capital = huge profit. But we should still be grateful, because of bitcoin we have a chance or opportunity to become rich too.

- The rich have their advantages, they have a large amount of money to invest, so they can become richer, it is a fair exchange but this is investment, they will also have their own risk, they can also lose money. And when they lose money, bitcoin will redistribute wealth, so I can say that bitcoin always offers both sides, that is to make the rich richer and redistribute wealth, and the ratio that the rich will get richer is higher because as I said, they give more and they get more, others still have the opportunity to be rich but depends very much on talent and luck

Bitcoin can do both,  but whenever it is making the wealthy to be more wealthy then you have all these panic sellers to blame for it. Why?  That’s because whenever these panic sellers are throwing out their coins they are creating way for the whales to come and do even more than they did before. If they can learn to hold their own piece tight, then the whales wouldn’t be manipulating the market up and down like they do. Well,  not everyone will be so lucky.

One of the great things about bitcoin is that even if you have a lot of money and you can use that money to get bitcoin that does not mean that a poor person cannot get a lot of bitcoin too, the only thing you need is a good idea and start a small business in this space and if you cannot do that if you invest a few hundred dollars in a good and new coin you have the chance of making a lot of money as well, so the field is more fair compared to the real world.

The most notable thing to make us rich isn't just about capital not talent nor other things. But the ability to see what business opportunities we will run. Without looking at business opportunities carefully, then anyone will not be able to find a business which will make us rich. In essence continue to develop knowledge about what's Hits at this time.

Bitcoin specifically, and crytpo generally, doesn't do anything magical in regards to redistribution. Even if the whole world was denominated in Bitcoin, it wouldn't mean anything for redistribution. Redistribution takes active effort, and Bitcoin doesn't actively do anything on it's own. Asking if Bitcoin has a redistribution effect is the same as asking if the USD has a redistribution effect. The answer is no, because both are representations of wealth and don't address wealth inequality or wealth distribution. I don't know where the notion of Bitcoin having anything to do with wealth equality even came from, but many people seem to have this notion that it's a magic bullet that will solve all the world's economic problems, and that notion is silly and has no basis in fact.

as far as we all have experienced in crypto so many new wealthy people have occured thanks to some coins but at the end they go and buy lambo where the rich becomes richer

I don't think that's the purpose of Bitcoin at all. Bitcoin was made to make life easier when it comes in making transaction over the Internet. It is a digital currency that anyone can use. Bitcoin was not made to make someone wealthy.

Precisely! We create our own future, and our wealth. To become wealthy doesn't happen overnight. It takes being responsible, resourceful, and putting your imagination into action, and bringing it into reality. You need to work hard for it,  believe that it can happen, and trust your potential. Take every mistake and failure as the guiding path towards success and progression.

bitcoin is not a promzy scheme, hence the idea is not to redistribute wealth, but to make persons who are willings to take risk, calculated risk richer. The mindset of the investor matters alot, bitcoin doesnt make you rich over but when you take out time to study the market trends and the zeal to invest is in you then the sky is your starting point.

bitcoin isnt a promzy, hence the idea is not to redistribute wealth, but to make persons who are willings to take calculated risk richer. The mindset of the investor matters alot, bitcoin doesnt make you rich overnight but when you take out time to study the market trends and the zeal to invest is in you then you are on a verge to getting richer.

The great advantage of bitcoin is that it does not steal from you using the inflation tax, the wealthy can invest in all kind of assets and they have a very small amount of cash available if you compare it to the size of their assets which means they are not that affected by inflation since their assets go up with the inflation but for the rest of the people that cannot do that and keep most of their savings in fiat they lose a lot of money every year, making the rich even richer.

The price of entry into the crypto market is very small in comparison with the stock. It can be concluded that crypto is more friendly to poor people than traditional markets. Since it is possible to earn money on the crypto market, in this sense it redistributes wealth.

Bitcoin investment or a form of business whichever way you want to look at it is like every other businesses or investment. Whoever has more to invest, we always have the lion share of the market. Although Bitcoin is open to all, but the rich tends to benefit far more from it because the rich can actually hodl during a long time of market downturn. But the poor may not be, because they will need immediate thing to feed with.

I think bitcoin redistribute the wealth, but the distribution is according to the amount of capital you invest in bitcoin, it is not that you invest small, you will gain big benefits , the wealth is maybe according in ratios , if you invest big then you will gain huge profits ,while if you invest small then you will get a little profits also ,so it is distributed properly.

Many people became rich thanks to the crypto currency. But that to achieve success in this business you need to work hard, to explore the market and be patient. It all depends on the ability to manage your time and money.

If you want a redistributiin of wealth then move to a socialist country. Like every currency, Bitcoin doesn't redistribute wealth, it is mearly an economic system than gives opportunity to produce wealth. Since almost everyone lives in a cspital nation, anything we earned we keep. So yeah, it just makes the rich richer, but gives us the opportunity to be rich as well.

Yeah this is the case with bitcoin. They are not easily affected with the inflation as fiat money often do. This save people from huge losses and they can easily earn money through it. So don’t just let things die in their own shell. Rather use them as they are only for your service. Don’t just hesitate to get into this world of bitcoin and make amazing money.

Bitcoin hasn't been around anywhere near long enough to talk about what it does in relation to inflation. Even if it had been, the track record is absolutely horrendous in terms of protecting value. If you're investing in Bitcoin to protect yourself from the 1-2% loss of value due to inflation per year, you have to be ignoring the substantial risk of 60% loss of value that Bitcoin is prone to suffer in any given year. That's an idiotic way to manage risk and basically cutting off your nose to spite your face.

As for me, it makes rich people richer but thay it because rich people are willing to take all the risks of investing here. The bigger risks that they take the bigger profit thay they could gain. However, we are all still fair in crypto because all of us could earn here depending on how we work to gain a good earning.

The wealth created by Bitcoin is not evenly distributed. It is tilted more towards the rich and wealthy people who seems to have invested more.

I fail to see how bit coin redistribute's wealth or any other crypto for that matter, what it can do is create opportunities for people to aquire wealth and even the already wealthy will find a way to make the entire ecosystem work in their favour

Bitcoin is a forum to work with a system of providing wealth with corporate profits using online media according to the hard work of each follower. Bitcoin gets results from the company because it has become a forum for it. By this we are mutually beneficial and gain wealth from the company that has been assisted.

Cause bitcoin is a start, I support cryptocurrency even its own home. Cause I support the market will continue in science, but its value for those who has worked with cryptocurrency and technology in your own site for the future. I believe that bitcoin e. Cause we all knew that bitcoin

    To some extent it is right that poor people can also make money from cryptocurrency. It means that it is not only for rich people. Everyone can invest in it and can earn profits. By this way an average or poor person will also become rich. Bitcoin provides this opportunity to everyone and that’s the reason that you can say that bitcoin redistribute money.

Off course bitcoin redistribute wealth but at the same time it only those that have the money to invest I'm bitcoin that still partake in the distribution, bitcoin is not just given just like that you have to own it. And again bitcoin as a financial revolution in the world financial system give it user the total freedom over they found.

BTC and cryptocurrencies make the rich richer!
The poor can recognize that the risk is much smaller than the rich, they will not invest too much in the cryptocurrency, and the rich will invest a lot of assets to invest, many rich people who invested in BTC early have now earned Profit investment!
BTC and cryptocurrency are not games for the poor!

Upon the investment made, and in this regard wealthy people were the one who makes large scale investments. The common people just cannot invest big, but they try to earn through different sources available. Also common users doesn't have the potential to hold it long, but the wealthy people does it. This makes it a redistribution of wealth to the rich than the common users.

In a roundabout way I feel that is what is continuous right now yes. The assets themselves won't originate from the rich since they will probably thrive from cryptos however I think the individuals who take the time and push to take in the business remain to profit a considerable measure. Straightforwardly anyway the assets are originating from some place and keeping in mind that it might make many individuals somewhat less fortunate I figure the measure of individuals that pick up from this industry will be beneficial and I think it give a net constructive outcome to the world.

For me Bitcoin gives big opportunity to the people to become rich it's not just for rich people but for everyone,All we need to do is to work hard and be smart in the field of Cryptocurrency because it is our only way to become wealthy.

Exactly. In this market, many people become rich thanks to electronic money.
But to achieve that we have to work hard to get results.
Knowledge, skills and efforts are good every day.
That shows that it totally depends on how you manage your personal finances.

Yes we need more knowledge and strategies to be able to earn here in bitcoin also we need to be more cautious in making investments and always be careful in giving huge investments.

I think that people who are constantly learning and are not missing a good moment are getting richer. The poor do not get richer, because they think differently, unlike the rich. Although among the poor there are people who are successful.

Yeah that is the main point that only those can take advantage of bitcoin who have money for investment and those who have no money for investment in bitcoin cannot take any advantage of bitcoin. I think that crypto is also a currency and rich investors will become richest while others will take no benefit of it. This is not equal redistribution of wealth.

You are being very unfair to bitcoin because you are using a time interval in which the growth of bitcoin is negative, if we were to randomly select a date in which you invested in bitcoin and you held to this day in more than 90% of the cases you will be in profit, only those that invested in bitcoin in December have big losses, everyone else has big profits and at the same time you are underestimating the rate of inflation, the government may say that their inflation is 1% to 3% per year but anyone keeping track of the price in their country know that is a lie, inflation is closer to 10% per year in most countries.

Bitcoin and all the other altcoins does both of them. it makes the rich richer, because those that have money and want to invest in crypto have the possibility of buying a lot and se;; for huge profits. but poor people or medium class people also have a chance especially those that mined or bought when the price was really low. that way bitcoin and the other alcoins made some simple people rich and gave the same opportunity to others.

I think through bitcoin we have a big chances to become rich while the other wealthy people become more wealthy through investing, trading and mining. So it's better to follow them that they adopt the importance of the new technology currency.

I think bitcoin is making the poor rich and the rich richer. But it depends on how you will do bitcoin. And how uou handle the struggles that may come along the way of bitcoin.

Like some other money, bitcoin isn't redistributing wealth to the ordinary mass. In any case it has given a monstrous opportunity to the educated and tech-savy mass. People who are incredible with PCs can even now pick up bitcoins or distinctive fiscal structures by giving diverse help of the crypto arrange. However, that doesn't generally mean sensible scattering is going on. Only people with a particular plan of attributes are met all requirements to obtain it. So it is giving that particular plan of people a chance to go ahead with a not all that awful life anyway not to all levels of society.

I think that the bitcoin, redistribute wealth but to the point that when you  have the small investment ,you will also have little profit while when you have a huge amonut of investment you will also gain ,a large quantity profit , do the distribution of wealth , is according to the ratio and proportion, like if you are a junior member you get one stake, while a legendary gets a seven stake, that is the wealth distribution of bitcoin.

It is indeed that bitcoin is making the poor to become rich and the rich to become richer because the bitcoin has a lot of opportunities that the people are grabbing because they know the benefits of having bitcoin as an investment and it is not a type of investment that is like a joke because bitcoin is a serious investment that is bringing serious returns.

If you are rich to begin with, being richer is a lot easier. Having money allows you to be rich by investing your money and quadrupling it. Kinda similar to The Three Servants parable. The one who had been given more was able to double his money while the poor just sat and did nothing. Bitcoin has given the poor an opportunity to earn money but it's not as easy when you have a good head-start (money in this case). You can make the most out of bitcoin when you are able to invest in it. So I would say it redistributes more wealth towards the rich than the rest.

Bitcoin is not like any other currency. Because it has a certain reserve, not everyone can own a bitcoin, Bitcoin is not evenly distributed to everyone. So bitcoin does not enrich everyone but only enrich the rich.

Only rich people can hold BTC for a long time, and in the eyes of most poor people, BTC increases several times and they may sell it directly.

In my own opinion, bitcoins and other cryptocurrency are helping different people in their life because it gives more income for those people who are not earning so much in their life.

But there are also lucky people keeping a small amount of BTC and it seems they have forgotten that they own it. And then one day, they will become millionaires

I totally agree with your opinion mate. That is why we have to spread the good news about the ability of Bitcoin to change peoples fortunes and give us all financial freedom depending on our hardwork, effort, motivation and patience. As a less fortunate person living in a lower status in the society , I was once afraid about Bitcoin investments because of FUD that was way back 2013 I think wherein a lot of people throwing shit on social medias about Bitcoin like saying it is a scam that is why I hesitate to get in that year and what had happened is that two years after that incident I came here in this Bitcoin community. My point is that there are some hindrance or obstacles towards adopting the idea but if poor people like me has courage I think I am rich now.

congruent technology in bitcoin continues to grow every year, its potential will open the minds of many people to invest periodically, this will make people richer in the end because it decides to trust and actively involved in the exchange market, the most important is the experience and understanding, so the speculation become more positive, and it becomes a force for bitcoin to keep going nonstop.

BTC market is a free market, and anyone rich is thanks to their patience and their patience. If you have less money you should invest less and vice versa, the rich are like people. poverty. no one more than anyone

I have to believe that it redistributes wealth since we are gaining income from this but I'm not sure if it's exactly from the wealthy to the lesser ones. It all depends on the strategy used by the individual so it's completely random.

This bitcoin is giving extraordinary chances to every one of the general population who needs to roll out improvements in their lives. On the off chance that you indicate much premium and exertion on bitcoin regardless of whether you have no money to contribute, at that point you will truly make enormous benefit along the path that you're trying to pursue.

There is no redistribution happening in bitcoin. It depends on how you play the crypto currency market the wiser you are the more you get richer. That is proper management.

This is far outweighed - FAR OUTWEIGHED - by the volatility of holding Bitcoin. Since December, the dollar might have depreciated by perhaps half a percent, or one percent. Bitcoin has lost 60% of it's value since December, and routinely loses five or ten percent in a single day. The dollar has never experienced this kind of loss in such a short time span. Investing in Bitcoin to avoid inflation is about the dumbest thing you can do with your money, other than investing in an advertised ponzi scheme.

I think it depends on the people who knows it already if they helping other people by sharing and introducing the bitcoin. So its both for me. Because its free for all. Wether you're rich or poor. It makes the wealthy become richer and it also help the poor to become wealthy so, both for me. It redistributes the wealth and also makes the wealthy become richer.

Now the rich are leveraging their wealth into Bitcoin and it is the Whales that are manipulating and moving the markets, so yes, the clever traders and whales are making most of the money. Many of us little people got ousted and lost a lot of our gains during this bear run, us retail investors have been done in 2018. What gains many of us made in 2017 have been wiped out this year, so I could say the rich are getting richer, but some new kids on the block and clever traders have also become rich overnight almost. The tide is turning and the mega Rich are becoming the wealthier ones in Crypto now. Still, there is room for a few of us poorer people to win if we hold long-term some good picks.

Any investment can really distribute wealth between investors but in Cryptocurrency, it depends on how much investment we put in and it really depends on how we manage our investments that really affects the success of it. And I believe that wealthy people who invested in Bitcoin has an edge compared to those who invested not just much so I conclude there are many factors to consider in order to say whether how Bitcoin re-distributes wealth.

Its a two-way thing.
It redistribute wealth and also makes the richer richer.
The rich are getting richer because they have plenty capital at their disposal.

By implication I believe that is what is continuous right now yes. The assets themselves won't originate from the rich since they will probably thrive from cryptos yet I think the individuals who take the time and push to take in the business remain to profit a ton. Straightforwardly, notwithstanding, the assets are originating from some place and keeping in mind that it might make many individuals somewhat less fortunate I figure the quantity of individuals that pick up from this industry will be beneficial and I think it gives a net constructive outcome to the world.

Well if we are talking specifically about Bitcoin then it is sure that right now the redistribution cycle is quite slow. In fact the current situation seems like Bitcoin control is in few hands usually known as whales of the market, who manipulate the price according to their wish and will. These whales are a big challenge for the small investors who are eating them like small fishes.

The early adopters made good money with their investment. I think it is not about the money you make with crypto but what you do with that money. For instance, I was seeing the story of a college dropout who invested the money given by her grandmother in early years. He is not a millionaire and has started an online company with that profit. Now there will be people employed in his company, other business getting benefited by his company.

When a person used a wise strategy, bitcoin can distribute wealth and even the poor can get that wealth on their side and the rich become richer. It is depend how you handle your earnings to make it grows. There is no possible things going to happen when we work thoroughly for it to achieve our goals in life. Success can help us to gain wealth, and it depend to us what we are going to do to make it stable.

many ways to gain wealth and one of them is through Bitcoin, but make no mistake, not everyone can gain wealth from Bitcoin, only those who have the ability, hard work and luck that can gain wealth from Bitcoin... ;D

I think bitcoin redistribute wealth , it is also the way that bigger investment could benefits more, because if you invest a smaller amount in bitcoin then normally you will earn less gain or smaller profits ,while when you invest in greater amount you could also gain larger profits comparedcto smaller amounts, so bitcoin benefits depends upon your ranks and the amount you have invested.

I KNOW THAT SOME EFFECT IS HAPPENING BECAUSE WHO TAKEN THE OPPORTUNITY TO BUY FOR LESS THAN 10 DOLLARS YES NOW WHO WAS RICH IN 2011 AND 2012 AND BELIEVED IN THE TECHNOLOGY IF HE DID WELL BECAUSE THEY WERE RICH I THINK THAT THE PROMISER OF THAT REDISTRIBUTION OF INCOME YES IF GAVE BY COUNTRY OF BITCOIN BUT ALSO WE CAN NOT LEAVE TO REMEMBER OF THE ETHEREUM LITECOIN AMONG OTHERS WHO WILL CONTRIBUTE TO THIS REDISTRIBUTION

Bitcoin distribute wealth as much as you have invested in it. If we are all given the same amount of BTC people may be good at investing their BTC better than others. BTC is to ensure transparency,security and speed in transactions. Wealth redistribution depend on individuals.

Bitcoin will definitely make life much easier in terms of money earning for new individuals 

Bitcoin helps anyone to earn money online by selling products or services. You dont need money to invest in bitcoin, if you can earn it. You can self-learn programming, graphics, copywriting, etc. for free online, or sell products to a global market, and start to earn bitcoin online to finance living costs. All you need is an internet connection, and you can use bitcoin without limits. There are no restrictions like with Paypal or bank accounts, and as long as you protect your private keys, your money remains yours. It cant be seized or hacked.

Bitcoin offers a real opportunity for people anywhere in the world to make their own wealth and become self-made with only an internet connection. The public source nature of cryptos allow people to learn blockchain programming, make their own coins, and develop new technologies. ICOs allow anyone with a business idea to try it out and create useful services globally. What used to require connections or wealth, now only requires an internet browser and the desire to learn.

It gives an opportunity to those people who have no capital to take a shot in investing in bitcoin and other cryptocurrencies. It may not redistribute the wealth but somehow it can augment the lives of the people who are risking it so that they can have their hopes and dreams be achieved by investing in cryptocurrencies. Unlike in fiat wherein you need a larger capital most often to have larger profit, there is a possibility on cryptocurrencies to have larger profits still even though you have smaller capital.

For me, it does help everyone. It gives equal opportunity to everyones to have a better life. So it does not matter to me who gets richer as long as he does not do anything illegal.

- Agreeing that bitcoin is helping people without capital, it helps them achieve certain success, but then when they go deeper into this game, they still can not escape the hands of the rich, more precisely, they are just small fish gathering all the benefits that bitcoin bring to people just like them. And the rich will be the big fish that swallows all of them with some sophisticated traps, finally, the result of this play is just to make rich people richer, only a handful of people are lucky and survive in this chaos

nice stance, it makes a poor or a middle class people to have a good financial stability, while the rich since they have the power to invest it helps also their money to grow so we should have a good insight on how bitcoin helps people with their financial aspect.

I think that Bitcoin redistributes the wealth since it is providing equal opportunity to anyone and everyone from any part of the world to earn from the various tasks we have in Bitcoin or cryptos from developer, programmer to bloggers, advertisers, signature campaign contributer, trader, investor and even to some enthusiasts.

If we are talking about the amount of money you invest in bitcoin, then that will make a big difference because the bigger the money you pour in bitcoin, the bigger the profit you will also earn. I believe bitcoin is the largest wealth distribution of all time because i've read some testaments already from the ordinary people who become wealthy.

In this market there is no fairness or division of wealth, win in this market for those who are experienced, they are more sophisticated, and know the opportunities for the rise and fall of the market

The best thing which I like about the bitcoin is that it helps you in making of money without creating any kind of discrimination and that it keeps in helping the ones who trust in bitcoin to make more money which can then help them in having a comfortable life. It is all and all your own efforts and hard work which will then help you in having some good earning and that you have to do your best to earn more.

Apparently, Bitcoin can not redistribute wealth, Bitcoin can make a person rich, but for the rich, bitcoin can not make all of the poor.

I think what you put out is not quite right, assuming all bitcoin investors are rich, they are still rich, only a few are not rich but they are not poor, and those with little capital, they Hard to get rich because they do not have enough capital to speculate on bitcoin

Yes it is because in cryptocurrency there is a high risk and if you invest on it then there is a possibility that there wealth will be distributed evenly if they do not know how to invest wisely on this system. But as we all know that the rich people does seem too good when it comes to investing their money on this system. They even know when to buy hold and sell.

Bitcoin can make a normal person wealthy. However, that wealth is not sustainable, a rich man strong even if bitcoin grab their big money, they are still rich. I think bitcoin can not redistribute wealth.

At present, bitcoin does not allocate wealth, but it can bring newcomers to it, if lucky, they can earn thousands of dollars in a short amount of time. To bring the rich more wealthy if he invests wisely

Bitcoin can dominate a lot of money around the world, but decentralization of wealth or redistribution of wealth does not seem to be clear, it's just in some cases, bitcoin only contributes to that part of it.

Not really redistributes but I think bitcoin created a few new millionaires and a few more income source for the bounty hunters and trader.

The rich can be richer by bitcoins, but not all, bitcoins only make up a small portion of the wealth of the rich, and any distribution effect depends very much on many factors.

IT actually does both. Because you can earn alot more if you have a lot more money from the start, but you can also start with almost nothing and work your way up.

Wealth from bitcoin is for us and its not only for the rich people , even you can buy a bitcoin and hold for waiting  for the double or triple the price. Believe yourself and always positive someday we also get rich. 

Bitcoin is limited to a circle of people who have access to the Internet. anyway but this is a small number of people. although the price entry to the market is still much lower than for traditional markets

Indeed it is on account of in cryptographic money there is a high hazard and on the off chance that you contribute on it at that point there is a plausibility that there riches will be conveyed equally on the off chance that they don't know how to contribute carefully on this framework. However, as we as a whole realize that the rich individuals seems too great with regards to contributing their cash on this framework. They even know when to purchase hold and offer.

I think that bitcoin makes richer savvy people who are not afraid to take risks and catch the moment.

You can be rich if you are willing to take risk and that is the nature of life, cryptocurrency is a big help for everyone because in this way people will have more opportunity in their life.

everyone can become rich if they continue to focus on this field, bitcoin makes people become creative and imaginative, many people get a lot of benefits from the work they make and a lot of people who earn money by trading on bitcoin, it's all from cleverness they are thinking of doubling the capital that has been spent in trade.

In some cases you see wealth distribution in others you see a rich person getting richer.
A lot of rich people are not into bitcoin, and a lot of people into bitcoin aren't necessarily rich.

Bitcoin is for low, average and high profile yet it is still depend of a person  the willingness to take risk and a make step for his/ her future.  Rich people become wealthy because they are willing to take a risk  and never entertain  fear unlike to some  low profile that they want to  entertain the fear than the opportunity.

The purpose of bitcoin is not redistribute wealth to everybody in the world besides even if so,some people are unwilling to receive their portion of it.The work of bitcoin is  solve payment problems across borders and peer to peer.

The problem is that it was mostly the rich who had the guts when Bitcoin was first introduced. There were a lot of ordinary folks of course who believed in Bitcoin when it was still very young. They are already millionaires today. But still I believe that the majority of early adopters were the rich and the advanced in terms of technology and the latest innovation. The poor are always trailing at the back when it comes to the newest developments of the world. Bitcoin offers no such thing as wealth re-distribution.

Yes, and only rich have the huge capital to make huge investments and this will surely give them huge profit too, unlike middle to low class people. They also don't afraid to lose more as they still have huge funds.

I am sure there are some re-distribution of wealth.  From a rich man who investing some ICOs to a college boy who doing bounty to support his lifestyle.  Or from a newbie trader who makes a wrong decision to a wealthy rich man with lamborghini in his garage.

Bitcoin is open for all levels richer or poorer it can distributes wealth to us especially to those persons who make an effort just to earn a lot of money in crypto.If people work harder to it,we can get a lot of benefits from it.

There are many rich people and celebrities investing in bitcoin. These numbers are increasing so over time, they know the opportunity comes from bitcoin or cryptocurrency. I think anyone can grasp this opportunity and become rich later on

Exactly. This distribution is reasonable, those who grasp the opportunity are smart people and become rich. Those who fear, lose money, do not believe in bitcoin will still be poor.

Yes this will all depends on the strategies we will be using to be able to earn huge income from bitcoin, but most of the time the richer become more richer because of their huge funds available to trade.

Agree. If you don't take the risk to have experience in this new wave of tech, you will be left behind. Sooner or later, computer science will be taught to every children below 10 years old and the use of blockchain will be their new playground. Hence we are very very early, and have lots of opportunity to get more wealth than ever before!

I don't know but I do belong in the low class of society as well but I do think that "rich people" didn't get to where they are just by sitting on their chair.

Wealthy people will always have the resources and use it to invest in any opportunities that might arise, but all of them started from the bottom like we are right now.

I think that wealth in bitcoin redistribute through ratio and proportion for it goes like this ,if you have huge capital in investing bitcoin considered properly manage will get a high gain also while small capital investment gets a small gain.

It is difficult to answer this question.  Many hide their attitude to bitcoin and having it on their wallets.

I read a lot on the Internet, how people earned on bitcoin.  But I never saw them live.  therefore I do not know what to think.

I think, if lucky, the poor can own the bitcoin, they are a stepping stone for their development. But rich people who own bitcoin, they make them richer if they know to invest in projects that have the potential to grow.

Bitcoin is not only for the wealthy. The poor can make bitcoin without a dime as long as he or she has the devices and internet around.with the bounty campaign one will make what is good enough to make one wealthy,if the poor is wise.bitcoin is actually a golden opportunity to distribute wealth if one can catch it.

I think both. Because cryptocurrencies like bitcoin helps people to get an extra income. Bitcoin makes people rich and the rich people became more richer. It just depends on the users or the people. If they want to use bitcoin, then it will help them.

The rich get richer because they know how to make their money work for them. Poor people make themselves poorer because they are not financially educated. Bitcoin has nothing to do with why the poor get poorer and the rich get richer. Bitcoin is a good store of value and if we believe in its objective, then we should take the opportunity to buy whether you are poor or rich. Everyone can buy Bitcoin since its divisible by any amount.

Yes. Can bitcoin help rich people make more money. There are also many other ordinary people who are rich by investing and keeping bitcoin. Bitcoin is great as it offers greater opportunity and value for the people. Anyone want to make a profit thanks to the bitcoin investment, and accept a bit of risk.

All the markets are supposed to be helping everyone to get wealthier but the fact is that noobs just lose their money and make the rich richer.
I would say, to all people out there, all you need to do is educate yourself a little so that you wont lose all your money for nothing which just make others rich.

Uuhm… there is a always an opportunity for the poor to get rich through Bitcoin, although some of them are not successful. There is just an opportunity for everyone but I believe that the rich are more opportune cause they can just manipulate the price and once it goes up they will withdraw (that is so evil and is not something people should be doing if they really want to help this community.

That is completely correct, many people are not sure to invest in bitcoin because they are afraid about what it may happen but they do not realize that if they do not invest now they are going to let go one of the best opportunities they will have in their lifetime to become rich, I cannot wait for some decades to pass and then people begin to brag about when they got in bitcoin and most people talk about dates after 2020 while all the current member of the forum can give a date way before that.

Yes,  bitcoin gives us all opportunity to have a better life as to becomes wealthy but it depends our capacity also. Rich people are more advantages in gaining big amount of profits. Because they can afford to buy more coins as they wants. Unlike low level people they can buy coins with a minimal amount, and its depends the capacity of the amount of their money.

The opportunity is for everyone rich or poor to grab but we just need to have knowledge how to. Rich people had the advantage over the poor cause they had the resources to manipulate things they want. We are all here to gain profit honestly so every opportunity that comes with profit, everybody will grab.

Bravery is one of the important skill that works for you every time. Since your best efforts are to be appreciated, you must show some bravery element to achieve them thoroughly. When you are getting in something, people might afraid of the new environment and hence they lose taking big risks, but results are happy for only those who gets this done thought risk taking.

Well man I believe you’re correct, anyone who is dumb wouldn’t achieve anything in this, it’s only those that are hardworking and smart that will invest and use it the right way and also earn bigger profit. Those who are not smart, all they do is make mistake, and once they lose money they start looking for who to blame and say this is a fraud, quite funny.

You already know there are risks in this kind of job, so if you are investing and don’t want to lose all your money, then you better cut your loss as early as possible.

I think BTC is redistributing wealth. Those who invest in bitcoin will become richer, some will become bankrupt. I just hope those who are investing in cryptos, they should learn very well. Do not take all the property to trade. Unforeseeable risks.

I think Bitcoin is not a toll to exercise the concept of redistribution of wealth. It is the government which is responsible for it and they collect taxes to do so. Now some countries like Norway have been doing great things with the tax money. Others like Kenya or Nigeria are lagging behind. Bitcoin gives you if you invest in it. And it can make anyone rich provided one goes wise in the crypto market. Also providing the employment opportunities is another benefit is has been known for.

I think that it has already provided so many opportunities to poor people to become rich, and I think there are a lot of such stories where poor people have become millionaire from bitcoin investment. I think still it is providing opportunities to poor people to invest some money in bitcoin and make to doubt or even triple in next few months.

I think that there is nothing about distribution of wealth because poor people cannot buy bitcoin because of the high price. You can say that Altcoin can play a vital role in distribution of wealth among the people. Everyone can make money from crypto investment, but bitcoin is not for poor people. Only rich people can buy and trade in bitcoin.

The major reason bitcoin was invented was for this purpose but you can't force the poor masses to accept Bitcoin and key into this ocean of wealth. So the rich still get richer because they are the one that always easily grab opportunity.

People should never have the idea to become rich overnight by investing in bitcoin, one of the reason for creating bitcoin was to allow people to send money to each other at an affordable rates without paying a hefty bank transfer fees to the traditional banks, so I believe bitcoin actually redistributes wealth as it allows citizens of every country around the world to save more money while sending money to each other.

Well you won't get any bitcoin unless you do something or invest. Bitcoin is not free unless you do something. It will make the wealthy richer if they really know how to invest in crypto world but bitcoin makes the common become the richer in a blue moon if they hit the jackpot in the crypto world and i think bitcoin just circulates to everyone but it will still depend on what you are doing with bitcoins.

You have a point in saying making wealthy richer because they can able and easily do mining, investing, trading and gambling. But it's depends on the person on what the status of their life in accessing bitcoin.

Yes I believe there is, but when there are rich people losing, there are also poor people losing. This is a game of luck and it is not meant to favor only a particular group of persons, either they are poor or rich… it can favor anyone at all. All it takes is just to work hard, although the rich ones seems to be controlling everything because they are rich and mainly it ends up in favor of them.

Yes but who does all that mining, investing, trading and gambling? Maybe with the exception for the last activity, it is largely done by the wealthy of this world. Which proves the OP point, the resistribution will be very minor.

No poor people are getting rich off bitcoin, and bitcoin doesn't redistribute wealth. "Redistribute" by the very nature of the word means wealth is taken from people who have it and given it to people who don't. Bitcoin doesn't do this. Wealth redistribution also is not a passive happening, you can't just expect a set of non-interventionist circumstances to redistribute wealth. Redistribution requires an active, intentional act and this usually comes from the government through taxation and welfare programs. As for poor people, they're not getting rich off bitcoin, and on the off chance a very few of them do, it's not because the wealth was redistributed to them, it's because they owned an asset that became more valuable; essentially new wealth was created (and artificially if you ask me).

Of course, I believe that bitcoin's contribution to a fairer distribution of wealth becomes clear when we learn about the large number of new rich people that have emerged thanks to the opportunities to generate large incomes that the volatility of bitcoin has generated. For my part, I can give testimony of the great poverty in which I lived most of my life, and that thanks to bitcoin has been left far behind to give rise to a financially consolidated life.

Crypto assets can run in two directions that you believe because they can run actively or passively, if we are active in short-term transactions, then wealth is the main goal, the opposite thing also happens for welfare where bitcoin always experiences a huge price increase and still in the path of initial fluctuations that will continue to develop.

For me bitcoin is a Helping everyone it is just depend on you on how you manage your money and your hardwork

   I think it depends on a person on how they use bitcoin and how much they invest on it.  Wherever bitcoin comes from the only thing i know that everyone who believes and invest will earn profit through this bitcoin not only the rich but also poor people that has enough knowledge on how to use and invest it.

I think like you. It's for everyone who knows it and uses it. The point here is that it's only for anyone who understands it. Know when the good time, then it will be very rich...

I think bitcoin is just like other currency, we should work to earn bitcoin and we dont have our bitcoin by free. I think, the best thing about bitcoin is we can make investment with big profits potential in the future

I dont think cryptocurrency is bias, I maen, it gives return of investments to everyone who trades well, you can lose money regardless of status, you could also gain big irregardless of what your status is. This is the reason why I like the whole cryptosystem, you could buy cryptocurrencies anywhere, you could hodl  your coins without the difficult paper works from banks, and you can earn big depending on how you play with your holdings. Cryptocurrency doesnt make the rich richer, it gives everyone the same experience.

I think that only makes the rich. because after bitcoin is sold in the market, the profits that have been earned cannot grow anymore.

Bitcoin redistribute wealth because everybody has a chance to be rich. If you are interested you will find out how to be rich in bitcoin. Many are rich now created by bitcoin in our place.

On the other side of the picture there are poor who becomes poorer and rich who got bankrupt. The winner of this game are the one who ends up getting more profit thus we can say that bitcoin can redistribute wealth but we cannot still deny the fact that those who have resources have  an advantage to this game.

Being rich helps to be even richer. This is due to having money to invest and double your return. Bitcoin has given both the rich and the poor the opportunity to earn money. It definitely is for the people's benefit but it just like more investments, it favors the rich.

I think that the system of bitcoin when it comes to financial distribution is not really that different onto what the physical world does. We are all working here; and in the economic world, everyone is working; be it - from poor to rich. Hence, it is only normal that the wealth will be distributed since 'workers' here will not have the financial belongings if it wasn't because of the investments coming from the wealth of the rich. Likewise, we cannot also deny the fact that rich people, in using bitcoin, are becoming richer. Thus, I think that bitcoin is both redistributing wealth and making the wealthy richer --- it works on both ways simultaneously and continuously. Meaning, both sides and parties were being benefited.

I think wealthy people will be richer but also more likely to go bankrupt. it's all risky. Whales will adjust to this market, but many whales have become bankrupt because their strategies are not on the right track.

It can be both. many of my friends who have economies are not very good before. but with their perseverance and skill in making
profits in crypto investments make them rich now. come on. we know that crypto gives big profits to anyone right

Bitcoin affects the both. It makes the wealthy people becomeore richer and can also make the not so wealthy people to wealthy. Because of the quality and characteristics of bitcoin, rich people see it as a new business that is why they keep on investing in here. They proved that bitcoin is somehow can gain them more profit. As for the not so rich people, if they are wise enough to understand the bitcoin and tge market then it can be their source of money or income.

it depends on the capital you put in bitcoin, if you put huge amount of money invested, the ROI is bigger, wealth is not free, bitcoin does not promise us that if we do bitcoin, we are sure to get rich, wealth is dictated by how much we invested, it does not guarantee us sure wealth but the possible of being rich rather. bitcoin cannot re-distributes wealth to everyone.

For bitcoin to serve its altruistic purposes and executing Satoshi’s original vision, bitcoin must be traded and spread around, not held by a few privileged hands.

Just saying, it's hardly the people's coin. There are billions of people on the planet who live on less than $1 per day. How does BTC solve their problems?

It's not redistribution at all. Once the price settles, and if Bitcoin replaces the dollar (which I doubt it will), the old rich will still be able to buy more than the old poor and will still be richer than them.

many factors that influence to become rich in bitcoin. trading strategies, capital, and mental endurance. with a lot of capital but without being balanced with a good knowledge and mentality strategy, i think it will suffer a loss

Bitcoin removes the need for intermediates and classic banks. Wealth has never been or never will be distributed evenly. But access to money and the ability to move money to remote regions across borders is the real win.

I don’t know why you’re asking this question, but have you ever heard about Bitcoin Price Pump before? And who do you think is behind such a thing, do you think it’s the poor guys?. Nope it’s not, it’s the rich dudes that does that, they come and pump the price to make extra profit and then they dump it, making lots of poor guys to lose their money and. Continue being poor. It’s not easy.

It's a pre-distribution of wealth, for all those that choose to participate. It's not too late either. If you think bitcoin hodlers are rich right now, just wait.

For me, it depends upon the person who will handle the situation. If a person that do not have a plenty of money but is industrious, patient, hardworking and with enough knowledge about crypto that for sure will have a result of good decision, it is a redistribution of wealth. However, if only wealthy persons are the one who looks into bitcoin and eager to earn bitcoin, then it is to make rich people richer.

Most likely the second, because the more a person has free money the richer he becomes, and other people can not invest much and thus they can not earn much.

To be honest, I don't think that Bitcoin has anything to do with the redistribution of the wealth. However, the structure of it definitely helped IT'ans and early adopters to get maximum gains from it but still, it is the driver of democracy through the decentralization principle of it. On the other hand, this technology is still in the basic phase of development and hence we can not come to any conclusion at this point as we should give more time for it to grow and sustain.

I think if everyone uses bitcoin in their daily lives, there would be no such thing as redistribution of wealth because the circulation of bitcoin is not concentrated on just a few parties

Bitcoin can be a tool for distributing wealth to people around the world, especially those who are optimistic that bitcoin is very good for investment, by means of HODL until prices increase as expected. Indeed the profits obtained are comparable to the capital invested, of course rich people whose capital is very much becoming increasingly rich with the increase in the price of bitcoin.

Redistribution of wealth? How exactly does that happen?
What bitcoin does is it offers people the option to control
or put their savings somewhere other than a traditional
financial institution.

For the people on the lowest rung of the ladder their only
concern is surviving from day to day, those people need
help to get to the second rung and its not from bitcoin.

I agree with this. Those people who recognized Bitcoin earlier is the one who earn better for those who came later and I think that's one of the good reason of being early, opportunities. On the other hand. I certainly agree with the thing that it redistribute most of the wealth to those richer since they were the one who control this community but there were enough opportunities given to the common people like us to gather and to offer a service that suitable to what they are needing.

Bitcoin has a high price that is always the choice of the rich man who seeks to become more prosperous. They look for ways to make a profit, and the poor are their target. But the poor are always the little fish that will be trapped whenever they find the lonely opportunities that they see.

There are people who bought bitcoins a few years ago, when he was still worth very little. Now that the price has risen, they have become owners of substantial capital by coincidence. But this does not mean that they began to better understand the finances and effectively manage their funds. And if they do not learn this, then sooner or later they will lose all their capital.

I think it's very random so it could do both things. It highly depends on the decisions and behavior of people who deal with crypto.

Redistribution of wealth by bitcoin is dependent on the investors capital and decentralization policy of cryptocurrency. I would say that bitcoin redistribute wealth by giving everyone equal opportunity of investing in the apex of digital currency.

I don't think it should redistribute wealth. In every system there is a hierarchy, a concentration of wealth (or power). It is foolish to eliminate something natural.

I think bitcoin not share coin with free. People with work on their computer and mining on the pool will earn bitcoin. I do believe bitcoin already make people with economic situation getting better and fill their need.
People with trading skill can earn bitcoin by trade their money and people with computer skill can earn bitcoin by mining.

Yes, bitcoin gives everyone an opportunity to earn but then it would still depend on the people who would believe that bitcoin would be able to do that. There are still so many people that do not know about bitcoin and for those some who do, they still believe that it is a scam and only a little percentage believe that they would earn from it. As for the redistribution of wealth, I don't think bitcoin can help on that because there would always be people who would have a greater opportunity than others when it comes to wealth due to various circumstances.

Bitcoin does not make a category of people rich but rather makes everyone who accepts it and learn its concepts and ways rich. Bitcoin redistribute wealth to its users who are able to hold and wait patiently for its price to rise.

No coins can be evenly distributed. Just like the early investors of cryptocurrencies, they must have more money than you. People who invest in the future will think so, so don't expect the distribution of the world to be equal. I believe that the development of the world is polarized, and the poor and the rich live in different worlds. Unless it is a wise poor, the poor are destined to be poor. I don't even know if this development is once again a human evolution. This has already involved philosophy.

There are no such thing in this world that can distribute wealth equally. As Adam Smith said, individual ambition serves the common good. In that scenario, we can say that all people have ambition and it leads to a succession of every people that sorrounds him/her. Bitcoin does not redistribute the wealth but it can give wealth to all people.

Yes of course I think bitcoin can give a fair wealthy redistribution on any people who are involved in investing to it for the last few years. But those people who are not that invested last few years with a very good amount of profit that they invested

I think bitcoin just only make wealthy people more richer compared to ordinary people only, even if some ordinary people become richer there are still many people richer that becomes more richer now.