Will bitcoin change the distribution of wealth in the world?

[lordquanta]

In my opinion it can change, but a little bit. Because if you know bitcoin you have an internet and some extra money to sustain or try bitcoin; you are in the middle level of wealth. If you are in a lower grade of wealth, you will not have an attention to try bitcoin at all, yes you heard bitcoin. But you are not willing to try it, because you want an permanent or regular job.

This is only true for people who have adopted the bitcoin early. Those who are joining now or later will not have much for them. Those who have entered the market early (at least year or two ago) are finding themselves sitting on pile of gold ( or should I say bitcoin). If These people managed to hold coins till now has resulted in shifting of their class at least one step above. Any one with 10 coins is millionaire in third world country.  On the other hand the rich people who will enter now will also be able to make the fortune because current market price is affordable to them.
Apart from that nothing more is going to happen. Bitcoin is a train that has gone for poor and middle class.

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[Ewinsane]

In my own opinion of bitcoin, one of the major grouse against it is on the basis of distorting the current order where the poor are at the mercy of the rich and with bitcoin on board, a lot of that will change with people having control of their money rather than being forced to put in the bank, put some restrictions in other to make the fund available for the rich to borrow and continue to improvise the poor while they become richer.

Exactly, a lot of it would change. You can make plans for your own freedom if you want to. No restrictions, people get paid based on their work and the government will not just keep monopolizing things the way they always have.

However, this does not mean the rich will still not always have advantage and only the poor ones who had the advantage of adopting early will only end up having their status changed. That is just it and nothing can change that fact. Opportunity comes, some takes it and some are left out to take from the lower part.

I can’t really tell whether Bitcoin changes the distribution of wealth in the world or not, but I can’t tell that it helped to make lots of poor people rich (and also made some rich people more rich). Well, it’s balancing everything, I believe. I was very poor when I got into this business, and my account was dry as a desert lol. But now, I know how much I’m getting in daily from Bitcoin.

Not only me, I know lots of my friends that also got into Bitcoin now they’re very rich. May looking at all these things, I’m likely to say that it changes the distribution of wealth, but I’m not 100% sure of it.

[Monartis]

Presumably it will already have altered the wealth of some individuals (particularly early adopters), many of whom will have been tech savvy.

[hajimasan]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

I think with the help of the bitcoin the distribution of the wealth across the world and across the people will be fairly .
Because with the bitcoin people have the opportunities to handle the money at perfect timing and at perfect place easily .
Here I myself seeing that many people are Rich and many of them are poor but with the help of the bitcoin rich are rich and poor are becoming rich , so here we can understand well that how the market is working well here in the current time .
Here I myself feeling that distribution of the money with the bitcoin from one part of the country to another is much easier , so we can spread own service and business to make easily distribution of money  and better payment system .

[Wagako]

Wealth distribution is in a hand of people,but limiting influance of greedy financial institutions,central banks,big corporation may equal chances and improve economic situation of people living in poor areas.But without people solidarity it cant be done

Yes the wealth is in the hand of people who passionately work hard to earn more money. So i think wealth is not distributed equally because many of us doesnt connect with bitcoin and with that they will not experienced the benefit of it. Many bitcoin users are now wealthy.

[Dilladupak]

I think Distribution of wealth is in the hands of each of you, we can see rich people because they work onlein in bitcoin, but I think some of them do not show their wealth in public, we better hide bitcoin to invest in the future in order for our goals more of what we get from bitcoin in the future, investing it clearly needs money and wealth distribution for future purposes as well.

[STRAKS]

It is a fair enough question to ask. Seeing as more than half of the world's wealth belongs to the top 1%, I cannot see how Bitcoin would be able to change that. The ones that are doing extremely well in Bitcoin today got in very early. They may have risen from no money at all to having an extremely large bank now, but even that we know from Bitcoin explorer's rich list data is extremely narrow too. The big ones entering today are the ones with a high level of wealth already, these guys will reap even more benefit and widen the gap more or close the gap that Bitcoin may create for the smaller investors who have been doing well.

[syarifudin]

In my opinion, bitcoin can not change the distribution of wealth in the world because there are still many people in the world who still believe in some assets that are the main commodity for them to invest and trade in gold and property. Maybe later bitcoin will become one of the more valuable commodities and has the highest value

[Lupin297]

No, it won't. Smart people who know the game will make a lot of money with crypto. Average people, most of the guys in crypto now, no offense to anybody, won't make much as they make a lot of mistakes. And finally, institutions that would enter bitcoin would eventually make the most (that is if we do not count the OGs that have 10k btc in wallets since 2009).

[yoseph]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

In my opinion,  it's rather going to be unfair because in bitcoins, the more you invest the more you stand to earn and am sure that the rich are always going to be the ones enjoying the wealth, though bitcoins can make poor people rich, it's the rich who are going to get even richer.

[000JC88]

I don't think BTC will do this, but ICOs yes. I strongly believe that ICOs are the future of economy.

[Vaskiy]

It won't be making a big change upon the distribution of wealth. In terms of growth it provides path and support to make lot people to be rich. Distribution of wealth is possible only if a single currency system gets implemented around the globe with universal acceptance.

[Thanasis]

It won't be making a big change upon the distribution of wealth. In terms of growth it provides path and support to make lot people to be rich. Distribution of wealth is possible only if a single currency system gets implemented around the globe with universal acceptance.

The bitcoin don't make any change in the distribution in a big term but it may be influence in some people's life who invested very early in the bitcoin and keep hold until they will make a huge profit by doing like this.So we have to invest on bitcoin as soon as possible to make the change in our life too.

[MoonJeina]

   I really don't think that bitcoin can change the distribution of wealth in the world . This target cannot be achieved until an unless the poor and the unprivileged people gets to know about bitcoin and start using it . Even if the government use bitcoin to improve the wealth of the people , it will only be able to help a bit because it will also impose some regulations on it . Enlightening the people about bitcoin is the only way wealth distribution can be improved .

[krisnt80]

It wont affect into such levels, sure bitcoin and crypto is a game where those wich has invested early might have better results, but the thing is 100k people with 0,001 btc wont affect really the wealth at all. But we must remember with crypto money into circulation does changed hands all days, soo i wouldnt be surprised if some people had made fortunes with tiny investment, but it wont affect the country at all.

[Sadlife]

This is a problem with people cause they think that bitcoin is a magical currency that can make them insanely rich in no time. Will the answer is yes and no cause it all depends on you if you have lots of cash to invest in bitcoin then the price value becomes bullish that could double or triple your investment or you work hard on earning. Bitcoin is just a currency it's entirely up to you, how you gain wealth.

[mega]

The Distribution of wealth in the world is still unfairer,many countries are surviving in low poverty level and away from basic needs to meet the utility.Even many states and countries per ca-pita income going in negative.Bitcoin is the hope which will equally measurement and distribution of wealth.First of all government should take initiative to create monopoly of Bitcoin and control the economy by bitcoin then as per rules distribute that common people can take advantage.

[cybersofts]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?

It relies to the decision of the people who are involve with the distribution of wealth. It can be unfair for some that will get a small portion of that "wealth" we are talking about and it's a big advantage for those people that will get a bigger portion since the price of bitcoin is not stable and keeps on moving from time to time. So the fairness is still depending on the people who are in that distribution as I mentioned.

It's good to keep in mind here that you need to have money to get money. For the poor who have not gotten into bitcoin yet, it's probably not profitable now. They won't be able to buy enough Bitcoin to make large profits off of the price spikes. I actually think the distribution would end up being a bit more skewed because those who have a lot of money have enough to put into bitcoin and make a profit off of it.

Bitcoin does present an opportunity for everyone. The only thing standing between people and changing their lives is a choice. So many people are skeptical about bitcoin, but when they read it on the paper bitcoin set the new all-time high record in price, then they keep asking how good is bitcoin. I think bitcoin has huge potential to play the role of distributing wealth to the masses around the globe. But for that to happen so many people must invest in bitcoin for that to happen over time.

[julzcoinbit]

The Distribution of wealth in the world is still unfairer,many countries are surviving in low poverty level and away from basic needs to meet the utility.Even many states and countries per ca-pita income going in negative.Bitcoin is the hope which will equally measurement and distribution of wealth.First of all government should take initiative to create monopoly of Bitcoin and control the economy by bitcoin then as per rules distribute that common people can take advantage.

I agree, since not all people has access to technology. But I agree that bitcoin is a good way wealth distribution around the world, This is really a good opportunity to all of us especially to countries who really needs it. There's a possible that bitcoin delivers the biggest re-allocation of capital ever seen in the history of mankind.

[Dodoymabs]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

I think with the help of the bitcoin the distribution of the wealth across the world and across the people will be fairly .
Because with the bitcoin people have the opportunities to handle the money at perfect timing and at perfect place easily .
Here I myself seeing that many people are Rich and many of them are poor but with the help of the bitcoin rich are rich and poor are becoming rich , so here we can understand well that how the market is working well here in the current time .
Here I myself feeling that distribution of the money with the bitcoin from one part of the country to another is much easier , so we can spread own service and business to make easily distribution of money  and better payment system .

Still its in ourselves decision how to become rich.Don't think of other people status.Bitcoin is a tool for us to have a chance in getting rich.Focus on yourself and workhard because it is the key to be successful.