Will bitcoin change the distribution of wealth in the world?

[malikusama]

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?

Your question is not clear that which wealth you are referring?
If you are referring to the wealth distribution by bitcoin in bitcoins then It will be better to say "fairly" instead of "equally" because bitcoin is distributing the wealth according to the capability of the people that how much a person deserves irrespective of gender, age and nationality so its upto the people that how they avail this opportunity.

[1713442998]

1713442998

[k@suy]

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?

Your question is not clear that which wealth you are referring?
If you are referring to the wealth distribution by bitcoin in bitcoins then It will be better to say "fairly" instead of "equally" because bitcoin is distributing the wealth according to the capability of the people that how much a person deserves irrespective of gender, age and nationality so its upto the people that how they avail this opportunity.

I agree, since not all people has access to technology. But I agree that bitcoin is a good way wealth distribution around the world, yeah it creates opportunity to all of us especially to countries who really needs it. This is a game changer.

[Gozie51]

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?

There is no way that wealth will be equally distributed.

Equality is what some social crusaders like Karl Marx envisaged but I don't think that is possible even with the emergence of bitcoin. The reason for my assumption is this, bitcoin came sometime around 9 years ago, some people new about it and embraced it while others new and didn't embrace it (meaning those people who embraced it would have been richer than those who didn't at that point in time ).

The above is the first scenario. Also, among those who embraced it, some would have lost hope, feelings, aspirations to be rich with bitcoin then either because of one reason or the other(which could be because of slow growth then) and hence, lost there bitcoins, given it out etc.

In the present however, what happened in the past where people didn't believe in it or didn't want to take up the advantage, don't have means to or are waiting for a lower price   is still around us currently.

Therefore, bitcoin is just going to create new rich people .

[Lanatsa]

I dont know, and bitcoin can not do it because wealth has already been distributed, only because bitcoin exists doesnt mean that it can make rich everybody, or that a lot of people can be wealth after it pumps to $100k.
And this has already been asked so many times, i am starting to get tired of those kind of threads that are only for spamming purposes.
But no, nobody knows what is going to happen, just try to predict it, it is impossible.

This is indeed a senseless topic but if you do try to understand on what hes saying about on the equal distribution then it is not really possible and can be solved by bitcoin alone because thinking off that all local fiat supply isnt still diverted to bitcoin itself which means this thing is impossible and also think off that even on bitcoin holding there would be no equality for sure since we cant really avoid that there are really greedy people will surely keep and accumulate much bitcoin as they can.

[neurotypical]

I dont know, and bitcoin can not do it because wealth has already been distributed, only because bitcoin exists doesnt mean that it can make rich everybody, or that a lot of people can be wealth after it pumps to $100k.
And this has already been asked so many times, i am starting to get tired of those kind of threads that are only for spamming purposes.
But no, nobody knows what is going to happen, just try to predict it, it is impossible.

This is indeed a senseless topic but if you do try to understand on what hes saying about on the equal distribution then it is not really possible and can be solved by bitcoin alone because thinking off that all local fiat supply isnt still diverted to bitcoin itself which means this thing is impossible and also think off that even on bitcoin holding there would be no equality for sure since we cant really avoid that there are really greedy people will surely keep and accumulate much bitcoin as they can.

It's not really senseless. Wealth distribution, maybe is not the right term, he should have said wealth re-distribution. In this sense, it is perfectly possible that bitcoin delivers the biggest re-allocation of capital ever seen in the history of mankind.

Never before people were able to store money out of the reach of any government at a borderless, global level. Every time I fathom this fact I realize how insanely undervalued bitcoin is, and how 3 figures per BTC are a given in the next decade. The ones not holding any BTC are the ones gambling at this point.

[lordquanta]

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?

Bitcoin is a digital crypto currency. It is not a wealth distribution scheme. People who have the cash and awareness about cutting edge tech in economics are in this crypto world. Even in bitcoin world early adopters are very few and the amount of bitcoin they hold is crazy. It is like traditional economy wealth distibution where top 5 to 10 percent are holding 90 percent of the wealth.
Bitcoin is not different from that. Bitcoin is freedom from the regulation and control of banks, govt on your own money, wealth.
In a way bitcoin is providing fair opportunity to all who are in bitcoin to be controller of their wealth.

[Ewinsane]

Bitcoin, of course, is more transparent and fairer. 90% of the wealth of the entity is basically in the hands of 1% wealthy people, and basically monopoly of the industry. Bitcoin is definitely not.

There is hardly any reason to deny this fact that most of the wealth is owned by only a few percentage of people. But it is very much expected that bitcoin after sometime manage to change this trend. Bitcoin is very much capable of making anyone rich. Moreover, there are so many unemployed who are earning from bitcoin now. Time is not too far when most of the wealth will be owned by majority of the population.

We are always going to be in the era of whoever comes first, takes the larger share and apparently the inventor and the rich ones always do before we now start talking about early adopters.

Laggards will basically end up in the last part of the chain to get the little they can lay their hands on to survive and probably by then a lot of jobs would have been on ground as so many of the early adopters would have been able to build a lot for themselves. Even fingers were not created to be equal and that is how life is.

[djselery]

I am not sure if Bitcoin will change the distribution of wealth in the world, but I am almost sure that its helping so many people around the world financially, and that its making new rich people daily almost. Its at least a way for the poorest people and the unemployed to earn their living and make an income from working online with Bitcoin.

[croTek4]

It might disturb it, but not so much after all. For it will only make Bitcoin holders richer, and... well, just do the maths: there's 21 M bitcoins. If you want to distribute it evenly, you must give 0.002BTC to each and every humans (something like that). However, as you might know it, Satoshi already holds 1M.
So, even if we share all the remaining bitcoins to everyone, this Satoshi will be 500 000 000 richer than all of us peasants.

In other words, at first, BTC will make richs, richer.
The real question is: will Satoshi-like people will keep all their money, or will they use it to end world's poverty ? Because, there will be a loooot of value re-distributed by this. And it will be distributed to people like... well... us. Not greedy fucks like Steeve Jobs (yes he was a greedy fuck, do your homeworks)

[dzhan]

Yes it will change a bit the distribution of wealth in the world, because it is helping to give wealth to new people starting with zero almost, there is so many old holders become already rich only because holding btc for few years

[BUK2016]

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?

Bitcoin cannot and will not bring about equitable distribution of wealth among the people in the society this is because, wealth is earned based on the amount of your contribution  to get the wealth. Take for example, all of us here in this forum cannot be earning the same amount of Bitcoin or money at the same time because our level varies, so also is Bitcoin and faith currency. I think the distribution of wealth among the people in the society will continue to remain unequal so long the contribution of individual to get the wealth differ over time.

[The Sceptical Chymist]

The way I see it, the spammers and account farmers from Africa, Philippines,  Indonesia, and some other relatively poor countries, they're earning quite a bit of change on bitcointalk.  That's a little bit of wealth redistribution right there that otherwise would not have happened if either btc or this forum didn't exist.  And that's all fine and dandy,  but I wish these people weren't destroying a good forum in the process. 

Any other ways, I'm not sure about.  Everything I can think of has to do with means of earning bitcoin right here on bct.

[jaocoincrypto18]

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?

This will be equally divided specially if the bitcoin is declared legal in all countries because the government will create a law or policy of keeping a bitcoin as a wealth will be monitored and will be controlled to ensure the balance of distrubution that might affect the countries economy and might put the government with its people at risk.

[bitllionaire]

Yes it will change a bit the distribution of wealth in the world, because it is helping to give wealth to new people starting with zero almost, there is so many old holders become already rich only because holding btc for few years

I think bitcoin is more helpful that such people who do not have any day job. In fact bitcoin trading is the only why through which one can start instant income as compare to day trading where you need to spend a lot of time for starting a solid business.

[Carmen_Sandiego]

If Bitcoin becomes really successful, that's what is waiting for us. Since it is a borderless payment system, Bitcoin can receive investments from all over the world, and if at least 10% of the world's wealth goes into Bitcoin, the small guy that is an early adopter can be highly benefited.

[Bohxz M4p4gm4h4l25]

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?

Of course due to the fact that we as a hard-working workers are able to become successful since our profit will be namen after ours and no such thing will stop us from being successful the wealth may be distributed into forum users who continuously find a way to get profit here.

[Yarsk]

The question is is wealth distribution in the world on equal grand for every body the answer is no, bitcoin can not lead to equal distribution of wealth this is so simply because wealth distribution is already a done deal. Because you need wealth to built more wealth take for example even if bitcoin become $100'000 today is it every body that can afford to have one bitcoin today the answer is no. Does or can the poorest of the poor know and can afford to use bitcoin the answer is still no.
So bitcoin does give equal distribution of wealth in the world.

[jaysabi]

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?

There's no reason to expect bitcoin to be a magic bullet here that's going to end income equality or more equally distribute wealth. Does any currency have this ability innately? Currency is just a representation of wealth. Changing the medium wealth is denominated in isn't going to make anyone more equal. If you were poor in USD, you're still going to be poor in btc.

[d5000]

I think it could change the regional wealth distribution. @The Pharmacist has already mentioned signature campaign participants from poorer countries.

As the first really global currency it has much more potential than this. It could make it much easier to invest in poorer countries, because it enables true international crowdfunding for everybody in the world, regardless of the region they're living in. Even a shepherd from rural Ethiopia could get investment from everywhere if he has a good idea and a cheap smartphone.

But until now that hasn't happened. I've started a thread about African Bitcoin businesses to raise attention, but it got no answers. It's too early still.

[13abyknight]

Absolutely yes, if you look at all the early people who bought Bitcoins, most of them are probably millionaires by now. None of the big companies and players would've given heed to Bitcoin in its early stages and as a result of its current day value, it is pretty much evident that wealth distribution has been made optimum with the relatively middle class, early investors getting lots of profit.