Bitcoin will save the elite.

[crypto1010]

bitcoin will just make the so called elite more rich even without understanding what bitcoin really is 

[lionheart78]

bitcoin will just make the so called elite more rich even without understanding what bitcoin really is  

I do not think that only the elite will take benefits of Bitcoin.  I agree Bitcoin can make rich people richer because they have money but poor people with skills can have the benefits what this rich people benefits from Bitcoin. And best of it  this poor people that have skills and faith in Bitcoin does not need to spend an enormous amount of money.  They can even get Bitcoin through their skills.  Do not blame rich people being richer with Bitcoin, blame ourselves of being too lazy and too dull to not be able to take advantage of what Bitcoin offers.

[Xester]

bitcoin will just make the so called elite more rich even without understanding what bitcoin really is 

Not all elites will be rich. They have the advantage since they the capital to purchase more bitcoin. But not all elites trust bitcoin and cryptocurrency since they are all very tied up to fiat currency and traditional business. This is the reason that will tell us that not all elites are into bitcoin. Thus speaking of which we also have a big chance to be rich with bitcoin all we need is just to hold and collect bitcoins and sell them when their price is very high.

[UCHCHILD]

Not all elite will take their risk in putting their money in bitcoin.
And we, the not elites, will can be rich even as long as we collect bitcoin and save it, and wait until value peaks high.

[Gembul]

bitcoin will just make the so called elite more rich even without understanding what bitcoin really is 

Not all elites will be rich. They have the advantage since they the capital to purchase more bitcoin. But not all elites trust bitcoin and cryptocurrency since they are all very tied up to fiat currency and traditional business. This is the reason that will tell us that not all elites are into bitcoin. Thus speaking of which we also have a big chance to be rich with bitcoin all we need is just to hold and collect bitcoins and sell them when their price is very high.

Yeah, for the elite who jumped into the world of bitcoin they can get richer because they has a large capital. But like me who are not elite keep using bitcoin for investment even with small capital. My goal use bitcoin is not to seek wealth as much as possible. Only for the use of participating in bitcoin because in this digital era using bitcoin is a trend. But it is possible, although only using a small capital to acquire more wealth just takes time. Thank you

[mindrust]

But making riches even richer is what everyone needs.

If the super rich people and super poor people hadn't existed, everybody would have been average people with average income/wealth.

If everyone had the same wealth, nobody would wanna work.

This explains the situation very well:



 

[LeGaulois]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

Then, i am so glad to see that I am part of the Elite since i use bitcoin. I feel me very proud. If I could be included in the satoshi round table, then it will be just perfect. Anyway, bitcoin is still somewhat too "young" to see it adopted by the mass. Most of the ew technologies have not been the used by the mass the day one of their creation. I still believe bitcioin needs time to see it popular, and maybe a lot, maybe in 10 years or so. As we say, Rome was not build in 1 day. Patience brings the roses

[soul-impact]

If the price continues to rise and having in mind the fact that the largest amount of Bitcoins is held by relatively small number of users that leads to the conclusion that Bitcoin already is elite currency. But still I don't like to see it this way and still hope that it will be widely spread among ordinary people who could have benefits of Bitcoin.

Well yeah, I don't agree with the thought that bitcoin is an elite currency and only made the rich richer and out of reach of the poor, although it seems to develop in that way. There are normal people even the poor ones struggling and trying hard everyday to make ends meet. And despite bitcoin's high price, it's not impossible for common man to use it requires will and effort not a bunch of money.

[Kolder]

If the price continues to rise and having in mind the fact that the largest amount of Bitcoins is held by relatively small number of users that leads to the conclusion that Bitcoin already is elite currency. But still I don't like to see it this way and still hope that it will be widely spread among ordinary people who could have benefits of Bitcoin.

Well yeah, I don't agree with the thought that bitcoin is an elite currency and only made the rich richer and out of reach of the poor, although it seems to develop in that way. There are normal people even the poor ones struggling and trying hard everyday to make ends meet. And despite bitcoin's high price, it's not impossible for common man to use it requires will and effort not a bunch of money.

indeed true, there's no such high requirements in entering or using of bitcoin, we just only need to do some research and learn on how to earn in bitcoin and use that amount to do trading or investing via btc. I'm not rich but I used it and lets my friends to know it so  I think bitcoin is for everyone. I just only happens that those elite have more advantage,for they can invest higher amount and take higher  than expected .

[fanbeila]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

I truly agree with you.Bitcoin was created mainly as a decentralized currency.Bitcoin price is going high in rocket speed and still its only known to few sections of society.When all of the world comes to know about bitcoin, i guess bitcoin price would have reached millions.The rich would get more rich and poor would remain poor just starring at the rich.Its the unwritten rule of this world.

[johnwest]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

I truly agree with you.Bitcoin was created mainly as a decentralized currency.Bitcoin price is going high in rocket speed and still its only known to few sections of society.When all of the world comes to know about bitcoin, i guess bitcoin price would have reached millions.The rich would get more rich and poor would remain poor just starring at the rich.Its the unwritten rule of this world.

Totally agree. Recently only the elite has been gaining from Bitcoin. A bribe in transaction fees to fasten the transaction, delay and the volatility is making the poor poorer.

[szpalata]

Everybody is free to buy Bitcoin. Maybe your religion or government is not allowing it, but you could still get some and this will never change. The day that Bitcoin has anything to say as to who can use it, is the day Bitcoin dies. Bitcoin might not be the solution to every problem, but it is a huge improvement over what we have now. All the information you need is out there, so if somebody doesn't use Bitcoin it's their own fault.

But it's a fact that the elite will definitely have the greater prowess to buy more bitcoins down with their fiat. How can the poor compete with them if they have unequal spending capabilities. It's still going to follow from the conventional fiat system if we don't bridge the gap.

[peter0425]

If the price continues to rise and having in mind the fact that the largest amount of Bitcoins is held by relatively small number of users that leads to the conclusion that Bitcoin already is elite currency. But still I don't like to see it this way and still hope that it will be widely spread among ordinary people who could have benefits of Bitcoin.

Well yeah, I don't agree with the thought that bitcoin is an elite currency and only made the rich richer and out of reach of the poor, although it seems to develop in that way. There are normal people even the poor ones struggling and trying hard everyday to make ends meet. And despite bitcoin's high price, it's not impossible for common man to use it requires will and effort not a bunch of money.

I don't know if you can call them elite because I believe that those who become rich in bitcoin are the early adopters on it, so if you consider them elite then that fine with me. Maybe the elite people are those who have a lot of capital to put into bitcoin and hold them and dump as soon as they saw they are going to profit, in contrast to those early adopters that have bitcoin because they believe in it and not thinking of gaining or profiting from them. But since the price of bitcoin has sky rocketed since the beginning I guess they became rich today.

[Kprawn]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

Care to explain why only the rich will benefit from Bitcoin, when everyone can buy even small quantities of Bitcoin? I know MANY average income

workers that owns some "Satoshi's" and they are not even earning $600 a month. The people who will hold their dicks in their hands, will be the

people with your attitude towards Bitcoin, and it's benefits for the poor. Blame yourself, when this thing goes to the Moon and you own no BTC

[Fatoshi]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

Care to explain why only the rich will benefit from Bitcoin, when everyone can buy even small quantities of Bitcoin? I know MANY average income

workers that owns some "Satoshi's" and they are not even earning $600 a month. The people who will hold their dicks in their hands, will be the

people with your attitude towards Bitcoin, and it's benefits for the poor. Blame yourself, when this thing goes to the Moon and you own no BTC

I will if you care to show me where I said 'only the rich will benefit from Bitcoin'.....

[pearlmen]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

The simple reason why the elite will always have their way in any society is simply because they are exposed and educated to such movement. Even if we change from bitcoin to another form of currency, the elite will still have their way. How do a poor man who does not even know about how the internet works will know about bitcoin or which money does he have that will warrant him keeping some?

[Fatoshi]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

The simple reason why the elite will always have their way in any society is simply because they are exposed and educated to such movement. Even if we change from bitcoin to another form of currency, the elite will still have their way. How do a poor man who does not even know about how the internet works will know about bitcoin or which money does he have that will warrant him keeping some?

My point is not really to explain why or make a personal value judgement. My point is simply there has been since the beginning of Bitcoin generally an idea that Bitcoin will in various ways help society and could even end corruption especially in central banking that is understood by many to be the root cause of inequality in society due to practices that only serve banks and the elite via money printing etc. Now i'm not in the mood to argue that point, of course Bitcoin means more than one thing to many different people. BUT this has been a recurrent theme of Bitcoin and Satoshi himself clearly alluded to it with the reference to central bank money printing as a problem.

So with this as a common theme in Bitcoin my point is in reality Bitcoin might actually end up increasing wealth disparity generally....Like I said I make no value judgement on that, but the collective cognitive dissonance is you have to admit pretty interesting. 

[Mario274]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

The simple reason why the elite will always have their way in any society is simply because they are exposed and educated to such movement. Even if we change from bitcoin to another form of currency, the elite will still have their way. How do a poor man who does not even know about how the internet works will know about bitcoin or which money does he have that will warrant him keeping some?

The reason is not only lack of education. The main reason why the poor remain poor is the lack of seed capital. The poor simply do not have the opportunity to start a business or invest in bitcoin

[Pettuh4]

bitcoin will just make the so called elite more rich even without understanding what bitcoin really is 

Of course just like the fiat currencies, the elite have large chunks of fiat and are capable of buying and saving a lot of bitcoins. In a nutshell if we don't take care Bitcoin will become an elitist cryptocurrency just like several fiats.

[Adelajda]

The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.

In short Bitcoin will help many of the super rich become richer...that's all.

No one is pushing that the bitcoin being mass adopted and it can be considered as a stock and if you invest in it ,it has its own risk and you might end up profiting in the long term,let me quote it this way,born poor is no ones fault but if you plan on dying poor then it is your own fault.